Latest news with #DevangshuDatta
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Business Standard
7 hours ago
- Business
- Business Standard
Crude oil price drop likely to result in earnings downgrade for ONGC
Crude oil production was flat quarter-on-quarter (Q-o-Q) and year-on-year (Y-o-Y), while gas production was flat Q-o-Q but declined 6 per cent Y-o-Y Devangshu Datta Listen to This Article ONGC's revenue for the fourth quarter of 2024-25 (Q4FY25) came in above estimates as crude oil and gas sales were higher than consensus. The revenue came in at ₹35,000 crore on the back of higher crude and gas sales and steady value added product sales. Oil realisation averaged $73.7 per barrel, a $3.1 per barrel discount to Brent. Crude production was flat quarter-on-quarter (Q-o-Q) and flat year-on-year (Y-o-Y), while gas production was flat Q-o-Q but down 6 per cent Y-o-Y. The Ebitdax (Earnings before interest, depreciation, amortisation, and exploration) was at ₹19,000 crore (up 9 per cent Y-o-Y), while net
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Business Standard
3 days ago
- Business Standard
The growing power of geolocation crosses over into conflict zones
Geolocation is a classic example of technology with multiple applications. Amazon, Blinkit, Swiggy, Uber, Lyft, and Google, among others, use it to locate obscure places Devangshu Datta Listen to This Article One of the great accomplishments of the 21st century is the ability to determine locations very accurately. A smartphone can easily geo-locate itself inside a square with 3.5 metres or less on each side, using open location codes ('plus codes'). Plus codes simplify the representation of a given spot, using extended longitude and latitude coordinates with subdivisions of minutes and seconds. Plus codes use a Base 20 number system to convert the Lat-Long readings into shorter formats. Geometers can also add the international height reference frame to adjust differences in sea-levels with baseline 'zero-height'. The maths is not conceptually hard. The accuracy
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Business Standard
6 days ago
- Business
- Business Standard
Slow capacity addition likely to weigh on NTPC's growth prospects
Consolidated revenue for FY25 came in at Rs 1,88,100 crore (up 5 per cent Y-o-Y) while net profit stood at Rs 23,950 crore (up 12 per cent) Devangshu Datta Mumbai Listen to This Article Power company NTPC reported growth in the fourth quarter of the 2024-25 (Q4FY25), but slow capacity addition is worrying analysts. Standalone revenue was Rs 43,900 crore, up 3.2 per cent year-on-year (Y-o-Y). It made an operating profit of Rs 11,260 crore, down 1 per cent due to a 27 per cent increase in other expenses. Standalone adjusted net profit was below estimates at Rs 5,000 crore. In FY25, NTPC Green Energy (NGEL) commissioned 1.9 gigawatt (including 50 per cent share in the Ayana acquisition of 2.1 Gw), much below its guidance of 3 Gw. The state-owned company's power generation grew
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Business Standard
21-05-2025
- Science
- Business Standard
Jayant Vishnu Narlikar: A contrarian cosmologist and his worldview
He wrote alternative what-if histories, explained difficult scientific theories with funny analogies, and leavened his lectures with jokes and humorous asides Devangshu Datta New Delhi Listen to This Article Jayant Vishnu Narlikar, who passed away on Tuesday at his residence in Pune, is revered by India's scientific community as a founding father of the related disciplines of astrophysics and cosmology. He was the founding director of India's foremost astrophysics institute, the Inter-University Centre for Astronomy and Astrophysics (IUCAA), and indeed, it was his brainchild. Dozens – if not hundreds – of India's scientists were mentored by him during his long career, and he also pursued his own research interests until the end of his days. As with many scientists (think of Schrodinger's Cat and Feynman's safe-breaking exploits), there was
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Business Standard
21-05-2025
- Business
- Business Standard
Despite short-term concerns, brokerages remain bullish on Hindalco
Upstream aluminium revenue stood at Rs 10,300 crore in Q4FY25 (up 22 per cent YoY), led by higher aluminium prices Devangshu Datta Listen to This Article Hindalco's India business, including Utkal Alumina, reported good results for the January-March quarter of the financial year 2024-25 (FY25) and consolidated earnings before interest, taxes, depreciation, and amortisation (Ebitda) also rose. Earnings growth was driven by favourable pricing, lower input costs and lower tax outgo for Novelis. The company's US-based aluminium rolling and recycling subsidiary, Novelis' performance rebounded in Q4. Copper Ebitda dropped 21 per cent quarter-on-quarter (Q-o-Q). Aluminium profitability is likely to decrease Q-o-Q in Q1FY26 due to lower aluminium prices. Novelis may be affected by the US tariffs. Consolidated net sales were ₹64,900 crore, up 16 per cent
