Latest news with #175
Hans India
07-08-2025
- Business
- Hans India
Indosol lines up Rs 69K-cr capex
Hyderabad: Indosol Solar Pvt Ltd, a Solar PV manufacturer and a wholly-owned subsidiary of Shirdi Sai Electricals Ltd, is planning to go for an Initial Public Offering (IPO) next financial year after the company's ongoing 1 GW line in Andhra Pradesh is commissioned. Chairman and Managing Director of Shirdi Sai Electricals N Visweswara Reddy said: 'Indosol Solar has been recognised under the Production Linked Incentive (PLI) scheme and awarded a total incentive of Rs5,175 crore, granted in two tranches. Indosol aims to become an eminent player in India's solar sector by developing a fully integrated, Giga-scale Solar PV manufacturing facility covering the entire process from quartz to PV modules.
Muscat Daily
05-08-2025
- Business
- Muscat Daily
Oman begins work on two dams to boost water security in North Sharqiyah
Muscat – The Ministry of Agriculture, Fisheries and Water Resources has launched two new dam projects in North Sharqiyah aimed at improving groundwater levels and managing rainwater, with a combined cost of more than RO116,000. The projects include the construction of a surface storage dam in Al Rashbi village in the wilayat of Dima wa al Taiyyin and a groundwater recharge dam in Quraisha village in the wilayat of Wadi Bani Khalid. Dr Abdul Aziz bin Ali al Mashikhi, Director General of Agriculture and Water Resources in North Sharqiyah, said the ministry is undertaking several dam projects across Oman under three categories – groundwater recharge, protection and surface storage. 'These projects contribute to regulating natural water flow, supporting groundwater reserves and reducing flood risks,' Dr Mashikhi said. 'The dams also ensure water availability for development activities and help strengthen agricultural capacity in rural areas.' The surface storage dam in Al Rashbi will have a capacity of 4,000 cubic metres and is being constructed at a cost of RO70,175. The groundwater recharge dam in Quraisha will store up to 45,000 cubic metres of water and is being built at a cost of RO46,504. Both projects are expected to be completed by April 2026. 'These dams will help improve water levels in nearby wells and aflaj, enhance agricultural activity, and contribute to expanding green cover in the region,' Dr Mashikhi added. The construction works include building the dam structures, installing cement supports and reinforcement bars in the rock foundations, spillway covering, and installing control valves and drainage systems. The projects will also include protective features to reduce the risk of pipe blockages and erosion.
Business Recorder
26-07-2025
- Business
- Business Recorder
Weekly SPI inflation up 4.07%
ISLAMABAD: The Sensitive Price Index-based inflation increased by 4.07 percent for the week ended July 24, 2025 compared to 0.38 per cent in the previous week. The statistics issued by Pakistan Bureau of Statistics (PBS) showed a major increase in the prices of gas charges for Q1 29.85 per cent, tomatoes 22.93 per cent, electricity charges for Q1 21.46 per cent, eggs 3.96per cent, garlic 1.39 per cent, cigarettes 0.51 per cent, beef 0.46 per cent, rice basmati broken 0.45 per cent, powdered milk 0.29 per cent, energy saver 0.23 per cent and fresh milk by 0.16 per cent. On the other hand, decrease is observed in the prices of chicken7.95 per cent, sugar4.25 per cent, onions 3.05 per cent, bananas 2.81per cent, LPG2.09 per cent, potatoes 1.82 per cent, wheat flour 1.19 per cent, moong 0.43 per cent and pulse gram 0.32 per cent. SPI-based inflation slows down During the week, out of 51 items, prices of 14 items (27.45 per cent) increased, 12 items (23.53 per cent) decreased and 25 items (49.02 per cent) remained stable. While major increase is observed in the prices of ladies sandal 55.62 per cent, gas charges for Q1 29.85 per cent, sugar 21.89 per cent, moong 16.42 per cent, beef 14.08 per cent, vegetable ghee 2.5kg 12.46 per cent vegetable ghee 1kg 12.17 per cent, gur 11.30 per cent, eggs10.70 per cent, firewood 10.52 per cent, cooked daal 9.47 per cent, and printed lawn 7.32 per cent. Major decrease is observed in the prices of onions 49.13 per cent, tomatoes 30.2 per cent, electricity charges for Q1 24.23 per cent, garlic 23.64 per cent, wheat flour 23.21 per cent, maash 20.76 per cent, tea Lipton 17.93per cent, potatoes 15.11 per cent, masoor 8.86 per cent and petrol 1.24per cent. The SPI for consumption groups up to Rs17,732 with an increase of 3.98 per cent recorded at 317.34 points. The SPI for consumption group of Rs17,732 to 22,888 with an increase of 5.26 per cent was recorded at 317.42 points against previous week's calculation of 301.55, the SPI for the income group Rs22,889-29,517 with an increase of 4.44 per cent was recorded at 340.39 points against previous week's recording of 325.92 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 per cent was recorded at 328.38 points against previous week's reading of 319.26 points and SPI for the monthly income group above Rs44,175 registered an increase of 3.03 per cent was recorded at 328.92 points against 319.26 points of the previous week calculation. The combined increase for all expenditure groups recorded at 329.09 points compared to 316.23 points of previous week registering an increase of 4.07 per cent. Copyright Business Recorder, 2025
Business Recorder
26-07-2025
- Business
- Business Recorder
Weekly SPI inflation up 4.07pc
ISLAMABAD: The Sensitive Price Index-based inflation increased by 4.07 percent for the current week ended July 24, 2025 compared to 0.38 per cent in the previous week. The statistics issued by Pakistan Bureau of Statistics (PBS) showed a major increase in the prices of gas charges for Q1 29.85 per cent, tomatoes 22.93 per cent, electricity charges for Q1 21.46 per cent, eggs 3.96per cent, garlic 1.39 per cent, cigarettes 0.51 per cent, beef 0.46 per cent, rice basmati broken 0.45 per cent, powdered milk 0.29 per cent, energy saver 0.23 per cent and fresh milk by 0.16 per cent. On the other hand, decrease is observed in the prices of chicken7.95 per cent, sugar4.25 per cent, onions 3.05 per cent, bananas 2.81per cent, LPG2.09 per cent, potatoes 1.82 per cent, wheat flour 1.19 per cent, moong 0.43 per cent and pulse gram 0.32 per cent. SPI-based inflation slows down During the week, out of 51 items, prices of 14 items (27.45 per cent) increased, 12 items (23.53 per cent) decreased and 25 items (49.02 per cent) remained stable. While major increase is observed in the prices of ladies sandal 55.62 per cent, gas charges for Q1 29.85 per cent, sugar 21.89 per cent, moong 16.42 per cent, beef 14.08 per cent, vegetable ghee 2.5kg 12.46 per cent vegetable ghee 1kg 12.17 per cent, gur 11.30 per cent, eggs10.70 per cent, firewood 10.52 per cent, cooked daal 9.47 per cent, and printed lawn 7.32 per cent. Major decrease is observed in the prices of onions 49.13 per cent, tomatoes 30.2 per cent, electricity charges for Q1 24.23 per cent, garlic 23.64 per cent, wheat flour 23.21 per cent, maash 20.76 per cent, tea Lipton 17.93per cent, potatoes 15.11 per cent, masoor 8.86 per cent and petrol 1.24per cent. The SPI for consumption groups up to Rs17,732 with an increase of 3.98 per cent recorded at 317.34 points. The SPI for consumption group of Rs17,732 to 22,888 with an increase of 5.26 per cent was recorded at 317.42 points against previous week's calculation of 301.55, the SPI for the income group Rs22,889-29,517 with an increase of 4.44 per cent was recorded at 340.39 points against previous week's recording of 325.92 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 per cent was recorded at 328.38 points against previous week's reading of 319.26 points and SPI for the monthly income group above Rs44,175 registered an increase of 3.03 per cent was recorded at 328.92 points against 319.26 points of the previous week calculation. The combined increase for all expenditure groups recorded at 329.09 points compared to 316.23 points of previous week registering an increase of 4.07 per cent. Copyright Business Recorder, 2025
Qatar Tribune
16-07-2025
- Business
- Qatar Tribune
QIB net profit up 5.3% to QR2.18 billion in H1
Tribune News Network Doha Qatar Islamic Bank (QIB), the country's leading Shari'a-compliant financial institution, has reported a net profit of QR2,175 million for the six-month period ending 30 June 2025, marking a 5.3 percent increase compared to QR2,065 million recorded during the same period last year. The bank's earnings per share rose to QR0.92 in H1 2025 from QR0.87 in H1 2024, reflecting sustained profitability growth. In a move reinforcing its shareholder-friendly policies, QIB's board of directors has approved an interim cash dividend of QR0.40 per share, equivalent to 40 percent of the nominal share value. This payout, which is subject to regulatory approval from Qatar Central Bank, will be distributed to shareholders registered as of market close on July 24, 2025. QIB's total assets surged to QR212.1 billion as of 30 June 2025, registering a 5.6 percent growth from December 2024 and a 10.3 percent increase year-on-year. The bank attributed this robust asset growth primarily to increased financing and investing activities. Financing assets climbed to QR130.8 billion, reflecting a 4.4 percent increase from December 2024 and a 3.1 percent rise compared to June 2024. Investment securities reached QR60.1 billion, up 13.4 percent from December 2024 and 21.9 percent higher year-on-year, as QIB continued to diversify and strengthen its investment portfolio. Customer deposits increased to QR135 billion, registering an 8 percent rise since December 2024 and a 10 percent increase compared to June 2024. The finance-to-deposit ratio stood at 96.8 percent, one of the lowest among Qatari banks, underlining QIB's strong and stable liquidityprofile. QIB's total income for H1 2025 reached QR5,642.8 million, up slightly from QR5,609.3 million in the same period last year. Net income from financing and investing activities alone amounted to QR5,127.8 million, underscoring the bank's core revenue-generating strength. Operational efficiency remains a cornerstone of QIB's strategy. The bank's total operating expenses stood at QR537.7 million for the first half of 2025. Cost containment efforts brought the cost-to-income ratio down to 16.4 percent—once again the lowest in Qatar's bankingsector. On the asset quality front, QIB maintained its ratio of non-performing financing assets to total financing assets at 1.75 percent, showcasing strong credit risk management and prudent underwriting standards. Coverage for non-performing assets stood at 95.1 percent as of 30 June 2025, supported by a conservative provisioning strategy. QIB's shareholders' equity increased to QR28.1 billion, marking a 3.4 percent rise from December 2024 and a 9.2 percent increase year-on-year. The capital adequacy ratio (CAR), calculated according to the new Qatar Central Bank guidelines, stood at a robust 22 percent—well above the regulatory minimum and Basel III requirements. QIB's financial strength and stability were reaffirmed by major global credit rating agencies. In June 2025, Fitch Ratings affirmed QIB's long-term issuer default rating at 'A' with a stable outlook. Moody's maintained its 'A1' rating with a stable outlook, while Capital Intelligence Ratings (CI) affirmed a long-term rating of 'AA-' with a stable outlook in March 2025. As QIB continues to deliver on its strategic goals, the bank remains committed to sustainable growth, digital innovation, and value creation for its customers and stakeholders, further reinforcing its leading position in Qatar's Islamic banking sector.
