Fragrance manufacturer Oriental Aromatics Limited (OAL) has seen its consolidated net profits plunge to just ₹3.31 crore in Q4FY26 from ₹34.33 crore reported a year ago, a more than 90% drop. This plunge has come despite revenues rising to ₹2,824 from ₹ 2,532 crore during the same period. The company’s EBITDA has also declined to ₹19.5 crore as high crude linked raw material costs and volatile logistics rates have contracted the EBITDA margins by 6.89% from 7.61% a year ago. The company has been facing increasing challenges, with its Indonesian subsidiary PT Oriental Aromatics undergoing liquidation and its debt rising…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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London: May has become the make-or-break month for Indian students planning to study in the United States. For many, it is now a case to act quickly or risk missing the Fall intake altogether. With many universities set to begin classes between August and September, thousands of students are now racing against tightening visa timelines, embassy appointment pressure, and stricter interview scrutiny from US authorities. Indian students preparing for the Fall 2026 season are most likely to face the most competitive visa cycles. While the US Department of State has previously advised international students to apply for visas as early…
In a move that is anticipated to become history, OpenAI is expected to formally file initial registration papers for a massive $1.25 trillion Initial Public Offering (IPO) with a listing date scheduled for February 2027. This milestone comes after OpenAI was valued more than $850 billion in the secondary market, backed by sovereign wealth channels and global tech funds. This historic listing will eclipse Saudi Aramco’s 2019 debut that raised $29.4 billion through the public markets. From Secondary Tenders to the Public Stage This acceleration has come after a trillion-dollar listing has compounded the asset value of the not-for-profit enterprise,…
Ahmedabad: India’s largest transport and logistics player Adani Ports and Special Economic Zone Limited (APSEZ) has announced the signing of a definitive share purchase agreement to acquire 100% of Jaypee Fertilizers and Industries Limited (JFIL). The deal, valued at ₹1,500 crore, is a part of the corporate resolution plan of the debt laden Jaiprakash Associates Limited (JAL) and has been approved by the National Company Law Tribunal (NCLT) Allahabad bench on March 17. Converting Fertilizer Land into Premium Freight Hubs For APSEZ, the objective behind the ₹1,500 crore deployment remains the massive, high value real estate held by its subsidiary…
Mumbai: The Nifty Pharma Index has touched an all time high of 25,043 on Wednesday, May 20 even as the benchmark Nifty50 declined 0.14% to close at 23,585 amid challenges with the Middle East conflict. The Pharma index has outperformed the headline index by a wide margin, where the Nifty Pharma index delivered a 15% gain in a year while the Nifty 50 declined 4% during the same period. Why Pharma is Back in Focus This rally has come at a time despite the geopolitical challenges and has depended on the macroeconomic shifts made. The weakening rupee advantage: With the…
Doha: Qatar Airways reported its audited annual report for the Financial Year 2025-26 where it reported a 9.8% decline in net profits from $2.15 billion to $1.95 billion due to the US-Iran conflict. Along with this, the company also reported a 2.6% year-on-year decline in consolidated revenue to $22.8 billion. This dip has broken a multi-year growth pattern for the Doha-based airline, where its industry-leading advantages of consistent state support and cheaper fuel are no match due to the geopolitical challenges faced. The Geopolitical Squeeze For Qatar Airways, the geopolitical squeeze came almost entirely due to the US-Iran war. With…
New Delhi: Aditya Birla Group’s flagship Grasim Industries Ltd announced strong results for the quarter ended March 2026 after all the brands in its portfolio, including its paints and fibres sectors have performed well with 52% and 14% year on year growth, respectively. Overall, the conglomerate registered a consolidated revenue of ₹1,43,620 crore, up from ₹1,25,110 crore in FY25, a 15% year-on-year rise. Along with that, its profit after tax (PAT) has also increased to ₹5,203 Cr after adjusting for exceptional expenses. Additionally, the company recommended a final dividend of ₹ 10 per equity share for the fiscal year. How…
New Delhi: MapmyIndia, a leading homegrown provider of leading digital maps and deep tech products, announced a strong rise in its annual results for Q4 FY26 and the full year, with revenues rising 56.2% from ₹93.7 crore in Q3 FY26 to ₹145 crore this time. Along with this, the company’s EBITDA has also grown 460 bps on a year on year basis to reach ₹64.7 crore as the company wins large institutional orders. Following these results, the company, trading under the name C.E. Info Systems Ltd, has declared a final dividend of ₹3.50 per share. Key Financial Highlights for Full…
New Delhi: With retail fuel prices rising by almost Rs.4/liter due to escalating global oil prices, a widely cited report says that the government is looking to spend $1 billion to nudge private commercial bus and truck operators to switch to Electric Vehicles (EVs). According to the report, the scheme is targeted at the private fleet segment, which accounts for more than 85% of the total commercial vehicles plying on Indian roads. Previous programs like the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) subsidy and the PM e-Bus Sewa awas aimed mostly at state-run municipal transport bodies,…
Bengaluru: Following its ₹1,788 crore IPO in January, Bengaluru-based entertainment SaaS infrastructure leader Amagi Media Labs has silenced its critics by engineering a sharp financial turnaround. For the quarter ended March 2026, the company has reported a net profit of ₹27.16 crore, as against a net loss of ₹121.48 crore in the same period last year. Revenues from operations rose 29.5% year on year to reach ₹949.23 crore even as the company’s incremental expenses rose by just 16.3%. The Organic Retention Engine Amagi’s organic expansion was fueled by a rise in the Net Revenue Retention (NRR) rate to reach 127%.…
