Acum 4 h
Hormuz war risk pushes crude shipping costs sevenfold, squeezes refiners' margins: Goldman Sachs
Global crude oil freight rates are rising due to war-related risks in the Strait of Hormuz and increased ship-to-ship transfers. Goldman Sachs reports that shipping costs are significantly higher than they were a year ago. Asian refiners are particularly pressured, facing potential profit margin reductions as they may pass costs to consumers. The increased freight costs could lead to lower refined fuel output and rising global fuel prices.
Acum 4 h
acum 1 zile
IHCL Q2 Results: Tata Groupowned hotel chain's net profit jumps 19% to Rs 379 crore
Indian Hotels Company Ltd, under the Tata Group, has announced a remarkable 19.35% rise in consolidated profit for the September quarter, soaring to Rs 379.85 crore from Rs 318.26 crore last year. Revenue from operations also surged to Rs 2,484.32 crore, up from Rs 2,040.89 crore. The Managing Director highlighted promising growth prospects and anticipates domestic hotel business growth exceeding 20%, notwithstanding challenges faced in the aviation sector.
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