GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment was also buoyed by the board’s in-principle approval to list subsidiary GAIL Gas through an…
Read More
Data centres in Asia Pacific have been valued at 18-20 times their contracted EBITDA while sources said transactions like Blackstone and CPPIB’s $16 billion acquisition of Australia’s AirTrunk in September 2024 had valued the target at 22-23x its contracted EBITDA.…
Read More
Goldman Sachs raised its oil price forecasts on Sunday due to elevated supply risks and said Brent could rise to $140 a barrel in 2027 if Gulf oil output stays 3.5 million bpd below
Read More
The Indian rupee’s surprise flow-driven recovery on Friday may prove harder to sustain, with weakness across Asian currencies and a deteriorating risk mood weighing on sentiment, while a dip in oil prices may offer relief.
Read More
The Indian stock market saw a robust performance on Monday, with Sensex and Nifty climbing over 1%. This was largely driven by Reliance Industries’ strong earnings report, which propelled its shares upwards. Overall, sectors like Nifty Oil & Gas thrived,…
Read More
A more hawkish stance by the US Federal Reserve and rising government bond yields in developed economies could put pressure on emerging markets by increasing borrowing costs and triggering capital outflows, according to Fitch Ratings.
Read More