Author: Lucas

Shares of Man Industries (India) Ltd surged more than 7% on Monday, February 9, after the company reported a strong set of earnings for the December quarter, with a sharp improvement in profitability and margins, aided by operating leverage and higher execution. For Q3FY26, the company’s consolidated net profit rose 61.8% year-on-year to ₹55 crore from ₹34 crore in the same period last year. Revenue from operations increased 13.4% YoY to ₹830.4 crore from ₹732 crore.Operating performance improved significantly during the quarter, with EBITDA surging 62% year-on-year to ₹127.7 crore, compared with ₹79 crore in Q3FY25. EBITDA margin expanded to…

India’s state refiners Indian Oil Corp and Hindustan Petroleum Corp have together bought 2 million barrels of Merey crude from Venezuela for delivery ‍in the second half of April, two ​trade sources aware of the deal said. The crude will be carried on a single very large crude carrier with IOC taking about 1.5 million barrels and HPCL about 500,000 barrels and is set to arrive on India’s east coast, the sources said, adding the seller was Trafigura. The purchase highlights Indian refiners’ effort to diversify their imports to partly replace Russian oil, which they are avoiding…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 26, 2025. Brendan McDermid | ReutersStocks rose on Wednesday, allowing the major averages to log their fourth straight day of gains ahead of the Thanksgiving holiday.The Dow Jones Industrial Average gained 314.67 points, or 0.67%, to finish at 47,427.12. The S&P 500 climbed 0.69% to settle at 6,812.61, while the Nasdaq Composite increased 0.82% to close at 23,214.69.The broader market’s gains were bolstered by artificial intelligence player Oracle, which jumped around 4% after Deutsche Bank reaffirmed its bullish stance on the name.…

Do you and your partner save separately, together in the same account, or use some mixture of the two? Once you’re in a relationship, even something as basic as an emergency fund can raise tricky questions. A common rule of thumb is to keep three to six months’ worth of essential expenses in an easy-access account. But deciding who pays in, whose costs to include and who needs access isn’t always straightforward when finances are shared.Here, Which? looks at the pros and cons of saving together or separately, how joint savings accounts compare, and what to think about before deciding what…

Indian refiners are reportedly refraining from fresh Russian crude purchases for March-April deliveries | Image: Unsplash  Indian refiners, including Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Reliance Industries, are reportedly avoiding offers for Russian crude oil for deliveries scheduled in March and April, industry sources told Reuters, part of a wider pullback from discounted Russian supplies this year.  The move comes as India advanced a trade framework with the United States earlier this month that could lower tariffs and deepen economic cooperation, including energy sector engagement. For U.S. policymakers, reduced reliance on discounted Russian oil has been a condition…

Financial technology and ‍data provider London Stock Exchange Group’s foreign exchange trading ​platform was facing technical issues in India ‌on MondayTraders ​highlighted issues with trade execution on the interbank order matching system, restricting their ability to transact on the spot dollar/rupee trading platform.The technical issues began around the time the Indian rupee opened for trading at 9 ​a.m. IST and persisted through the ⁠first two hours of trade.LSEG did not immediately respond to a Reuters email seeking comment.LSEG is among the few ​entities other than ⁠banks that are authorised by the Reserve Bank of India to operate an electronic trading…

Image source: Getty Images Investing in out-of-favour FTSE 100 value stocks before they recover can deliver massive returns for investors. The best recent example is Rolls-Royce. Somebody who bought that before it fought back to form will have made a fortune. Shares in the engineering giant have rocketed 1,208% in five years. That would have turned £10,000 into a staggering £130,800. Are there similar recovery opportunities out there today? Despite a strong 2025, the FTSE 100 is packed with value stocks. The key is to get in before they take off, rather than afterwards. So do these two fit the bill?…

A building society is currently offering a competitive savings account paying 6.3% interest, which can be opened with just £25. The Hanley Economic Building Society’s One Year Branch Smart Saver is a variable rate account designed for customers who want to grow their savings steadily over 12 months. The savings account offers a variable interest rate of 6.30% AER on balances of £25 and above, and interest is calculated daily and paid annually at the end of August or when the account reaches maturity. The account allows customers to deposit between £25 and £300 each month, with a maximum balance of £3,600…

Indian refiners are increasingly avoiding purchases of Russian crude oil for delivery in April and potentially beyond, a strategic shift that could support New Delhi’s efforts to finalize a trade agreement with the United States. According to refining and trading sources, major state-owned and private refiners have stopped accepting new offers for Russian oil loading in March and April, signaling a broader pullback from Russian energy supplies. This move comes as the U.S. and India announced a framework for a bilateral trade pact, which they aim to conclude by March. The proposed deal seeks to reduce tariffs and strengthen economic…

First coined as a saving grace for struggling theatre productions, angel investment has spread its wings to the startup world, becoming a popular means of business finance for early-stage companies and entrepreneurs looking to turn their ideas into reality.Today, angel investors do more than just write checks – they offer advice, share useful connections and help new businesses find their feet.However, getting an angel investor on board isn’t as simple as having a good idea, as you have to know what they’re looking for and prove your business is worth backing.In this article, we’ll explain what angel investment is all…