The EIA noted yesterday that in first quarter of 2022 (1Q22), a total of 53 U.S. exploration and production (E&P) companies reported both higher revenue, resulting from increasing crude oil prices, and higher material and labor costs caused by supply chain limitations. According to statements in quarterly reports and investor presentations, many of these companies continue to keep capital expenditure below the 2017–19 quarterly average […]
Shakti Pumps (India) reported a 19.83% jump in consolidated net profit of Rs 8.74 crore on 62.81% surge in net sales to Rs 254.48 crore in Q1 FY23 over Q1 FY22.
Also launches 1500 fiber parts for two-wheelers
The rating agency has given a ‘CARE A1+’ rating to the company’s short-term facilities worth Rs2,000 crore.
The Indian rupee plunged to new lifetime lows, approaching Rs 80 per dollar on Thursday, as dollar stood tall amid expectation of an oversized rate hike by the Federal Reserve following red hot US inflation data. The report showed the consumer price index shot up by 1.3 percent in June after jumping by 1.0 percent in May. With the bigger than expected monthly increase, the […]
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