India imports 85% of the oil it needs. Before 2023, most of it came from the Middle East. Despite regular geopolitical challenges, Gulf countries like Iraq, Saudi Arabia, UAE and Qatar continued to supply India with the fuel that runs our economy. Russia’s invasion of Ukraine changed all of that. The subsequent tariffs designed to punish Russia changed that, or rather, complicated the global oil supply chain. Russia has been flooding the market with discounted oil to skirt the sanctions, and India has been the prime beneficiary of this opportunity. From just under 3% to over 50%, India has been…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Bangalore: Unilab Inc., the Philippines’ leading pharmaceutical manufacturer, has appointed TCS to modernize its IT systems. This transformation would help the company boost its operational efficiency, agility and decision-making in real-time through a scalable, intelligent platform based on SAP’s RISE platform underpinned by AWS’s cloud infrastructure. TCS will help Unilab transition from its legacy enterprise resource planning (ERP) system to a modern, cloud-based one that can help the company track insights, operations and and boost data-driven decisions across business functions. TCS will offer an end-to-end solution here- including implementation, strategy and design, data migration, testing and training. “We are honored…
New Delhi: Dr Agarwal’s Eye Hospital Limited (AEHL), a leading eye hospital chain in India, has announced its merger with its parent Dr Agarwal’s Health Care, aiming to simplify its operations and boost shareholder’s growth. Under the terms approved by the company’s board, AEHL’s shareholders will get 23 shares of Dr Agarwal’s Health Care Limited (AHCL) for every 2 shares held. The merger is expected to be completed by mid-2027, subject to regulatory approvals. “The merger is an important strategic step in the Group’s journey and will help unlock the full potential of the combined businesses. This long-awaited step towards…
If you are looking to save for your sister’s wedding, your mom’s inevitable surgery or just for a rainy day, setting up an SIP in a Mutual Fund scheme remains the easiest way to do so. Of course, there is always the risk of suffering losses, but not all Mutual Funds invest in risky securities. These 10 Conservative Mutual Funds offer decent returns, mostly better than Fixed Deposits, by investing in a combination of debt instruments and a handful of relatively stable stocks. This list has been curated based solely on popularity, as measured by the total Assets Under Management…
Mumbai: Markolines Pavement Technologies Limited (BSE: 543364), a company involved in highway maintenance services, has announced the receipt of a Rs.100 crore order from Trans Metalite India Limited for patch repair works in Andhra Pradesh. According to a statement to the bourses, the company has received a Letter of Acceptance from Trans Metalite India, which has a 5-year project duration. In addition to this order, the company has received multiple orders worth Rs.97.47 crore this fiscal year, including two repeat orders from Varanasi Aurangabad NH-2 Tollway Private Limited. Overall, the company has an order book worth more than Rs.400 crores…
Mumbai: API and drug intermediaries manufacturer Anlon Healthcare Limited’s IPO has been fully subscribed on the first date of the issue today, August 26. The issue, which came with a price band of Rs.86-91 per share was for bids of 1.33 crore shares on offer. On the first day itself, the company secured bids for 1.36 crore shares- a 1.03x subscription, according to NSE data. The subscription has been especially popular with retail investors, where their allocation was oversubscribed 9 times. The Non-Institutional Investors (NIIs) recorded a 23% subscription rate. Notably, the QIB segment’s allocation is just 72% of the…
Mumbai: Amanta Healthcare Limited, a pharmaceutical company that develops, manufactures and markets sterile liquid products, will list its IPO on the bourses on September 01, 2025 for 1 lakh equity shares of Rs.10 for a price band of Rs.120-126 per equity share. The company aims to raise Rs.126 crore through the issue for expanding its operations at Hariyala, Gujarat. The proceeds will be used to fund the civil construction and the purchase of equipment for expansion, besides other corporate uses. Half of the net issue has been reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs) and the…
Mumbai: Ahmedabad-based listed metals manufacturer Unison Metals (BSE: 538610) has announced its intention to split its equity shares, after its Board of Directors approved the move. This would involve splitting every share of face value Rs.10 into ten equity shares of face value Re.1. Following this, the company’s share capital will increase from 34,25,00,000 equity shares of Rs.10 each to 3,42,50,000 equity shares of Re.1 each, following the approval of all members and completion of statutory requirements. The share spilt is expected to be completed within two months, after the member’s approvals. With this move, the company is aiming to…
Mumbai: Vikram Solar Limited’s public issue concludes today, with the shares being allotted after the IPO was subscribed 54.63 times. The Kolkata-based solar module manufacturer’s IPO was held between August 19-21 with a strong interest across investor categories. About 50% of the issue was reserved for QIBs, 15% was for NIIs, 35% for retail investors while the remainder was for existing employees. The IPO consisted of a fresh issue worth 4.52 crore shares and an Offer For Sale (OFS) of 1.75 crore shares. The issue, worth more than Rs.2,700 crore, saw a strong interest across the board, with the Qualified…
Mumbai: Now that the $4 billion gaming industry is just coming to terms with the impact of losing its primary source of revenue, another storm has started to brew with the industry’s leading listing company Nazara Technologies. The company, once promoted and encouraged by the late stock market bull Rakesh Jhunjhunwala, is seeing a massive drop in its share price, as investors are looking to exit the company due to uncertainty about tis future. Rakesh’s widow Rekha who inherited his stake in the company, has sold her entire stake by June 2025, netting Rs.334 crore for selling her 7.06% stake…
