Latest news with #ICI
Barnama
13 hours ago
- Business
- Barnama
IslamiCruise Launches Aroya Package, Seals Deal With 26 Agents To Promote Halal Cruises
KUALA LUMPUR, July 29 (Bernama) -- IslamiCruise International Sdn Bhd (ICI) today signed a Memorandum of Understanding (MoU) with 26 appointed Aroya Cruise Link Agents (ACLA), in conjunction with the official launch of the three-day, two-night AROYA Cruise Package from Port Klang to Langkawi. Under the MoU, the ACLA agents will serve as official sales representatives for AROYA Cruises, promoting and selling packages aligned with the brand's fully halal concept, offering alcohol-free, gambling-free cruises designed to provide a worry-free experience from a syariah-compliant perspective. Deputy Minister of Tourism, Arts and Culture (MOTAC) Khairul Firdaus Akbar Khan, who officiated the ceremony, said such partnerships strengthen Malaysia's appeal as a preferred destination for global travellers. "Today's event marks another important milestone in our nation's ongoing journey to strengthen and diversify the tourism industry. "The launch of the AROYA Cruise is not only an expansion of our tourism product offerings, but also a reflection of Malaysia's commitment to delivering new and unique experiences to both domestic and international travellers, as we move towards Visit Malaysia Year 2026," he said in his speech during the signing ceremony. Also present at the event were ICI founder and CEO Suhaimi Abd Ghafer, ICI project director Ab Rahman Mohd Ali, and head of the Visit Malaysia Year 2026 Secretariat, Amirul Rizal Abd Rahim. Khairul Firdaus said the initiative supports Malaysia's position as a welcoming destination for Muslim travellers, while also reflecting the nation's commitment to inclusivity and warm hospitality for all. He added that programmes like MOTAC's Malaysia Friendly Tourism and Hospitality initiative are designed to meet faith-based needs, such as halal food, prayer facilities, and Muslim-friendly accommodation, while enhancing the overall travel experience for visitors of all backgrounds. "By expanding our portfolio through innovative products such as today's cruise package, we further enrich Malaysia's tourism landscape.
Business Standard
22-07-2025
- Business
- Business Standard
Nifty trades below 25,100 level; European mrkt opens lower
The frontline indices traded sideways in the afternoon trade. The Nifty traded below the 25,100 level. Metal and private bank shares advanced, while PSU Bank, realty and media shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, advanced 35.39 points or 0.04% to 82,235.44. The Nifty 50 index lost 14.65 points or 0.06% to 25,076.80. In the broader market The S&P BSE Mid-Cap index fell 0.40% and the S&P BSE Small-Cap index rose 0.02%. The market breadth was negative. On the BSE, 1,816 shares rose and 2,051 shares fell. A total of 210 shares were unchanged. India's core industries, comprising eight sectors, reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by the Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Gainers & Losers: ETERNAL (up 12.40%), HDFC Life Insurance Company (up 1.59%), Titan Company (up 1.43%), Hindalco Industries (up 0.96%) and Coal India (up 0.72%) were the major Nifty50 gainers. Eicher Motors (down 2.04%), Shriram Finance (down 1.91%), UltraTech Cement (down 1.80%), Hero MotoCorp (down 1.74%) and Tata Motors (down 1.59%) were the major Nifty50 Losers. Stocks in Spotlight: Titan Company advanced 1.42% after the company announced that it has entered into an agreement for acquiring 67% shareholding in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries. DCM Shriram advanced 1.58% after the companys consolidated net profit increased by 13.04% to Rs 113.38 crore in Q1 FY26, compared to Rs 100.30 crore posted in Q1 FY25. Revenue from operations (excluding excise duty) grew 13.42% year-on-year (YoY) to Rs 3,248.63 crore for the quarter ended 30 June 2025. Magellanic Cloud added 2.42% after the companys consolidated net profit increased 4.75% to Rs 27.76 crore on 24.5% increase in revenue from operations to Rs 163.95 crore in Q1 June 2025 over Q1 June 2024. Latent View Analytics added 2.93% after the company reported a 30% jump in consolidated net profit to Rs 50.6 crore on a 31.9% increase in total revenue from operations to Rs 236 crore in Q1 FY26 as compared with Q1 FY25. Global Markets: European shares tanked on Tuesday on lingering tariff uncertainties, while investors continued to wade through a deluge of quarterly corporate earnings. Asian stocks traded mixed as investors turned cautious ahead of the looming August 1 deadline for potential US trade tariffs. Japanese stocks, in particular, saw sharp swings after Prime Minister Shigeru Ishibas ruling coalition lost its majority in the upper house. Wall Street offered little direction, with US indices closing mostly flat overnight despite hitting fresh intraday records. The spotlight this week remains firmly on corporate earnings, with Tesla and Alphabet set to report on Wednesday. By the close in New York, the Dow slipped 0.04%, the S&P 500 inched up 0.14%, and the Nasdaq rose 0.38%.
NDTV
21-07-2025
- Business
- NDTV
India's 8 Core Industries Post 1.7% Growth In June
New Delhi: India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2 per cent. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. The summary of the Index of Eight Core Industries is given below: Coal - Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizers - Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel - Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement - Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity - Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. "Although the year-on-year (YoY) growth in core output improved slightly to 1.7 per cent in June 2025 from 1.2 per cent in May 2025, it remained decidedly tepid, with as many as five of the eight sectors recording a contraction in their output in the month," said Aditi Nayar, Chief Economist, ICRA Ltd. "While an elevated base weighed upon coal output, excess rains in the latter half of June 2025 impacted electricity generation." "Encouragingly, the output of the cement and steel sectors rose by a robust 9.2-9.3 per cent in June 2025, although this was supported by a favourable base in the case of the former. The growth in volumes of these segments has been quite healthy in Q1 FY2026, which implies that the construction sector is poised to record a robust GVA growth in the quarter. Given the subdued growth in core output, ICRA expects the IIP growth to print at 1.5-2.5 per cent in June 2025," added Nayar. Release of the index for July, 2025 will be on Wednesday, August 20, 2025.
Business Standard
21-07-2025
- Business
- Business Standard
Core sector grows at 1.7% on year in June, Steel and Cement production spikes
The combined Index of Eight Core Industries (ICI) increased by 1.7 per cent (provisional) in June, 2025 as compared to the Index in June, 2024, marking its best performance in three months. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). The final growth rate of Index of Eight Core Industries for May 2025 was observed at 1.2 per cent. The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. Here are the sector wise details: Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year.
Hans India
21-07-2025
- Business
- Hans India
Eight core industries record 1.7 pc growth in June; cement, refinery production up
New Delhi: The combined Index of Eight Core Industries (ICI) increased by 1.7 per cent in the month of June compared to the same month last year, the Ministry of Commerce and Industry data showed on Monday. The production of steel, cement and refinery products recorded positive growth last month. "The final growth rate of Index of Eight Core Industries for May 2025 was observed at 1.2 per cent. The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year," the ministry said. Petroleum refinery production increased by 3.4 per cent (on-year) in June. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Steel production increased by 9.3 per cent in June and its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Meanwhile, cement production increased by 9.2 per cent last month and its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. The ICI measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Meanwhile, electricity generation declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas production also declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year, the data showed.
