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Ambani's Reliance Misses Profit Estimate on Petrochemicals Drag

Ambani's Reliance Misses Profit Estimate on Petrochemicals Drag
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

India , Hazira , Haryana , Jamnagar , Gujarat , Mukesh-ambani , Advait-palepu , Morgan-stanley , Satviki-sanjay , Energy-giga , Walt-disney-co , Bloomberg

Reliance Misses Profit Estimate on Weak Petrochem, Tax Outgo

(Bloomberg) -- Reliance Industries Ltd., led by billionaire Mukesh Ambani, posted a lower-than-expected quarterly profit as a continued weakness in its petrochemicals business and higher taxes offset growth in its consumer unit and a large surge in other income.Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsRay Dalio’s Famous Trade Is Sputtering an

Hazira , Haryana , India , China , Ukraine , Jamnagar , Gujarat , Russia , Bloomberg-businessweek , Mukesh-ambani , Morgan-stanley , Satviki-sanjay

Companies launch voter initiatives for Lok Sabha Election 2024

Among the strategies being implemented are voter registration drives, where employees are provided with information and assistance to get on the electoral roll

Mayank-maheshwari , Mahesh-krishnamoorthy , Lok-sabha , Ajit-kumar , University-living , Sharda-university , Core-integra , Voting-challenge- , Knowledge-park , Uttar-pradesh , Greater-noida , Vote-day

Potential for re-rating across verticals in RIL: Morgan Stanley

Stating that there is a potential for re-rating across multiple verticals of Reliance Industries (RIL), global broking firm Morgan Stanley has taken an overweight stance on the oil-to-retail conglomerate with a price target of Rs 3,046, signaling an upside potential of 2%.

China , India , Bharti-airtel , Mayank-maheshwari , Morgan-stanley , Reliance-industries , Mukesh-ambani-led , Vodafone-idea , Economic-times , Ebitda , Mukesh-ambani , Revenue

Your study-abroad paradise could turn out to be hellish

The shifting landscape of international education is impacting Indian students as they navigate challenges in traditional study-abroad destinations like Australia and Canada. Rising costs, immigration restrictions, and emerging alternative study locations are influencing students' choices for pursuing education abroad. Some of the Indian students expecting to land in an advanced country with better amenities and infrastructure might get a shock when they find even the basics can be beyond their reach.

Germany , Lithuania , Estonia , United-states , China , Singapore , Australia , South-korea , Netherlands , Malta , Ireland , Chile

Study abroad? Why it helps buying insurance from India

The health policies offered by Indian insurers are cheaper and also offer extensive coverage.

Canada , United-kingdom , New-jersey , United-states , Mexico , Ireland , Malta , Aashish-sethi , Priya-deshmukh , Bajaj-allianz , Rahulm-mishra , Anubhaw-goyal

Australian Universities Revoking Offers To Indian And Nepali Students Amid Visa Crackdown

Australian Universities Revoking Offers To Indian And Nepali Students Amid Visa Crackdown
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

India , Nepal , Australia , Doha , Ad-daw-ah , Qatar , La-trobe , Tasmania , Australian , Mayank-maheshwari , Nishidhar-reddy-borra , Edith-cowan

HPCL, BPCL, IOCL: Here's why Morgan Stanley thinks OMC stocks can flare up

Stocks of Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) have more headroom left despite the sharp run in the last few weeks, suggests a recent report from Morgan Stanley.

Stocks of these oil refining and marketing companies (OMCs), it believes, are seeing multiples re-rate as investors reassess long-term growth prospects.

'IOCL trades at one year forward P/BV of 1.2x, 19 per cent below +1 standard deviation (SD); BPCL trades at one year forward P/BV of 1.5x, near historical averages; HPCL trades at one year forward P/BV of 1.5x, near +1SD,' Morgan Stanley said.

Hindustan , India-general- , India , Singapore , China , Bharat , Mayank-maheshwari , Pranitha-shetty , Akash-mehta , Bharat-petroleum-corporation-limited , Oil-gas , Morgan-stanley

Rs 1.2 lakh crore profit! RIL shares record best day in over 3 years

Reliance Industries (RIL) stock rallied 7% to a lifetime high of Rs 2,905, increasing its market capitalization by Rs 1.2 lakh crore. This was the stock's single largest gain in the last three years. CA Rudramurthy BV of Vachana Investments believes that if RIL sustains above Rs 2,800, it could reach Rs 3,000. For RIL's market value to double by 2027, as promised by RIL chairman Mukesh Ambani in 2022 AGM, the listing of Reliance Jio and Reliance Retail is crucial. Investors also anticipate a 20% hike in telecom tariffs in Q2FY25 after the Lok Sabha elections.

India , Mayank-maheshwari , Lok-sabha , Morgan-stanley , Reliance-industries , Vachana-investments , Reliance-jio , Reliance-retail , Jio-financial , Ril , Ril-shares , Ril-news

Canada to reduce intake of intl students. What are other options for Indians?

With Canada’s announcement of a reduced intake of international students, experts suggest other study abroad destinations that Indian students can explore.

Hungary , India , Spain , Dubai , Dubayy , United-arab-emirates , Italy , Toronto , Ontario , Canada , Malta , Singapore