Thu, Aug 8, 2024 12:04 PM
Ed Yardeni believes the worst may be behind for global markets
A Flip by Shubhangi Gupta
Patel Engineering Limited has formed a strategic partnership with RVNL to jointly undertake hydro and other infrastructure projects both domestically and internationally. As of June 30, 2024, the company’s order book stands at Rs 1,79,019 million (Including L1 Orders). Segment-wise order book includes hydroelectric (61.53%), irrigation (21.99%), tunnel (10.54%), road (2.45%) and other (3.49%).
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Shares of Vodafone Idea soared after reports said that the Indian telecom giant was in discussions with state-owned lenders Power Finance Corp (PFC) and REC to secure loans for its medium-term funding requirements. Vodafone Idea and its parent company, Aditya Birla Group (ABG), have been in discussions with PFC and REC for the past fortnight, according to a report by The Economic Times.
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When John D Rockefeller wanted to punish a rival, he cut prices to force them to operate at a loss. The father of the modern oil industry had a name for it: a “good sweating.” A century later, OPEC+ is giving Big Oil the modern equivalent of Rockefeller’s time-tested tactics. Not everyone will be fit enough for it. For the last two-and-a-half years, Big Oil has enjoyed a bonanza.
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