It gives me great pleasure to share with you the exceptional performance of our Company in FY 2018-19. Our revenue and profit numbers have touched new heights, strengthening our position as India’s largest private sector company by market capitalization and profitability.
We now rank in the top 100 profitable companies in the Fortune Global 500 list of ‘World’s Largest Corporations’. We delivered a solid performance in our hydrocarbons businesses despite the volatile oil price environment and incremental capacities in some of our product categories.
Consumer businesses witnessed phenomenal growth in terms of revenues and profitability, with Reliance Retail and Jio now collectively contributing nearly 25% of consolidated segment EBITDA.
Global economic growth remained healthy at 3.6% in CY 2018, as against 3.8% in CY 2017, impacted by weaker performance in the European Union and China. Economic activity was driven by a boost in spending due to tax cuts by the US. Global trade growth was robust in the first half of 2018, but tapered later in the year with trade tensions and higher energy prices.
The Indian economy continued to witness an increase in investments, with Gross Fixed Capital Formation growth at a six-year high of 10%. Healthy industrial activity continued and service indicators sustained positive trends. Service exports growth is at a seven-year high of almost 17%. The Indian economy remains the fastest growing major economy in the world. Continue reading →
Houston, Texas: US Crude oil prices fell on Thursday after weak US economic data spurred worries over crude oil demand. The US crude declined $2.23, or 4.6 percent, to settle at $46.25 a barrel. Brent crude was last down $1 to trade around $48 a barrel. Early in today’s trading session, US crude moved higher, breaking above $50 a barrel on a fall in the dollar. And very interestingly, the US crude also briefly traded at a premium to Brent, rather than the discount it normally sustains, as the Brent front-month contract traded in its last day before expiry. Read More >>
Contact us to get Crude Oil Trading Targets for next 3 to 6 months.
There are always going to be times when, no matter how carefully an excavation company plans out a project, there simply isn’t enough equipment on hand to handle the requirements of the project without running out of time. The choices at this point are clear – rent the machines you need or buy them. It is however, not easy to make these types of decisions, thanks to several factors that you will need to consider, and uncertainty about the business conditions you will face in the future.
Equipment Rental Pricing: Its no secret that rental companies make a killing with the equipment they rent out. Most companies will rent on a daily or weekly basis, which is good for them but can be bad for you. Depending on what area you work in, the price can be very high or just right. Continue reading →
London, Dec 6, 2012: BP sells its stakes in its North Sea oil and gas fields for $1.06bn (£663m) to an Abu Dhabi’s energy group. Prime Minister David Cameron said agreement positioned the North Sea as a global energy hub and the takings from the deal will help cover huge amounts from the 2010 Gulf of Mexico oil spill.
Abu Dhabi National Energy (Taqa) will get hold of stakes in the BP-operated Harding, Maclure and Devenick fields. He said that the deal would show that changes to the North Sea tax regime are will help to generate jobs in Scotland and UK, making sure we do well in the global race. Chief executive of Taqa, Carl Sheldon, said the deal would add 21,000 barrels of oil equivalent a day to its output. Peter Hutton, energy analyst at RBC Capital Markets says the disposed assets produce 40,000 barrels of oil equivalent a day. Continue reading →
Fukushima Daiichi nuclear power plant had an explosion today after the nuclear core could not cool down due to lack of cooling system, which went down due to the earthquake damage. Though the plant crew tried to bring the reactor’s temperature down during the last 24 hours, the manual effort was not enough compared to the coolant requirements for the nuclear reactor. And the explosion of the reactor building is an indication that manual cooling was not successful, and now radiation leakage is on. Workers at the Fukushima Daiichi plant plan to flood the reactor containment structure with sea water to bring the reactor’s temperature down to safe levels, which may take two days. Radiation levels are said to have fallen since the explosion but authorities have expanded the evacuation to include a radius of 20 km. Continue reading →