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Godrej Properties reports net profit of Rs 17 cr in Q1 FY22
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Oil Prices Hit Highest Since October on Weather and China Stimulus
Oil prices reached their highest levels since October on January 6, driven by colder weather in the Northern Hemisphere and economic stimulus measures in China, which could boost global fuel demand. Brent crude futures rose 15 cents, or 0.2%, to $76.66 a barrel by 0125 GMT, following Friday's close at its highest since October 14. U.S. West Texas Intermediate (WTI) crude gained 22 cents, or 0.3%, to $74.18 a barrel, marking its highest close since October 11. China announced a significant increase in fiscal stimulus, including funding from ultra-long-dated treasury bonds to support business in..
Nayara Energy to Add One Fuel Station Per Day in 2025
Nayara Energy, India’s largest private fuel retailer, announced plans to expand its retail network by adding 400 petrol pumps in 2025, equating to one new fuel station every day. With over 6,500 outlets already operational, the company aims to strengthen its presence across states like Gujarat, Maharashtra, Tamil Nadu, and Rajasthan. In a statement, Nayara Energy confirmed it is "on track to add 400 retail outlets this year" and has revamped its dealer program to attract new entrepreneurs, offering opportunities to open petrol pumps nationwide. The company operates a 20-million-tonnes-per-ye..
Tanzania Prepares for Major Energy Summit to Boost Power Across Africa
Tanzanian authorities have announced that preparations for the African Heads of State Energy Summit, set for January 27-28, are progressing smoothly. The event, known as the Mission 300 Africa Energy Summit, aims to accelerate energy access across the continent. Noel Kaganda, director of the Department of Multilateral Cooperation in Tanzania's Ministry of Foreign Affairs and East African Cooperation, confirmed that the summit is being co-organised by Tanzania. It will bring together over 1,500 delegates, including representatives from the African Union, the African Development Bank, and the W..
