HYDERABAD: Infrastructure biggie Megha Engineering and Infrastructures Limited (MEIL) has bagged a $ 225.5 million (KWD 69.23 million) project from the Kuwait Oil Company (KOC) for the design, construction, operation, and maintenance of a new gas sweetening and sulphur recovery facility (NGSF) at West Kuwait’s oil fields.This project, which has to be completed in a…
NEW DELHI: IndiGo has placed a firm order for 30 more Airbus A350 aircraft, doubling its order for this wide body aircraft from 30 to 60. The airline had announced its intention to do so at IATA AGM in Delhi this June. It has signed an agreement with Rolls-Royce to equip its A350 fleet with…
RIL recorded gross revenue of Rs 2.83 lakh crore, marking a 10% year-on-year increase. RIL Q2 FY 2025-26 results: Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated second-quarter net profit of Rs 18,165 crore. This is a 10% increase from Rs 16,563 crore in the previous year. The operational revenue reached Rs…
NEW DELHI: ACME Solar Holdings Ltd through its SPV has signed a 25-year power purchase agreement (PPA) with Tata Power Co Ltd for its 50 MW firm and dispatchable renewable energy (FDRE) project.The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilisation Factor (CUF) of 40%…
India’s foreign exchange reserves fell by $2.176 billion to $697.784 billion in the week ended October 10, according to data released by the Reserve Bank of India (RBI) on Friday.This marks the second consecutive weekly decline after reserves had dipped by $276 million in the previous week to $699.96 billion.According to RBI data, foreign currency…
The Indian mutual fund industry reached an all-time high with assets under management (AUM) touching Rs 75.61 lakh crore in September 2025, reflecting a 12.7 per cent year-on-year growth, according to the latest Mutual Fund Industry Dashboard report published by Franklin Templeton. Equity-oriented funds accounted for the bulk of the growth, with AUM rising 9.5…
Representative image (AI) Gold prices are on a remarkable upward trajectory, with international markets potentially seeing levels reach $4,500 per ounce, according to a report by Motilal Oswal Financial Services Ltd (MOFSL). The rally is supported by continued central bank purchases, geopolitical uncertainties, and strong demand from Asia. In 2025, gold has already surged over…
Prateek Agrawal, Managing Director and CEO of Motilal Oswal Mutual Fund With more than 30% compounded returns, the Motilal Oswal Large & Midcap Fund is the best performing diversified fund in the past three years. Likewise, the Motilal Oswal Midcap Fund is the top performer in its category. Prateek Agrawal, Managing Director and CEO of…
Global economy (AI image) The global economy is going through a period of enhanced turmoil with the trade war unleashed by US President Donald Trump. Amidst this uncertainty, International Monetary Fund (IMF) MD Kristalina Georgieva has said that world leaders and central bank governors need to ‘buckle up’.Deepak Ajwani, Editor, Economic Times Online asked IMF…
Mumbai: Renewed optimism about strong corporate results for the July-Sept quarter (Q3FY26), good sales during the ongoing festive season, and a slowing trend in offloading of shares by foreign funds helped sensex rally over 900 points in mid-session Thursday. The index finally settled 862 points up, at 83,468 points—less than 1% from its peak this…