Latest news with #ManojKumarArora
Mint
04-05-2025
- Business
- Mint
Gold vs Equities: What should be your portfolio diversification strategy? Experts weigh in
Gold price today: Gold has remained significantly volatile in 2025, posting over 30 per cent gains since last year. On April 22, Gold prices touched peak of ₹ 1 lakh per 10 grams. Historically, Gold has posted a 15 per cent CAGR return since 2001. Gold return has also beat the Inflation and has outperform inflation more than 2% to 4% from 1995 onwards, say experts. According to Manoj Kumar Arora, Managing Director at Almondz Global, Gold prices are expected to remain elevated with continuous buying from central banks on concerns of geopolitical tensions, tariff threats, inflation concerns in US. 'We believe Tariff-driven recession and stagflation risks are forecasted to continue for gold's structural bull run. We keep our positive stance on Gold with strong central banks' purchases and demand stemming from falling Treasury yields that will push gold prices to continue to be one of the best-performing assets in 2025,' Arora said. Experts believe that Gold has always acted as a safe option in times of economic uncertainty, however, putting all your money into gold and ignoring stocks would not be wise. Yogesh Kansal, Co-founder and Chief Business Officer, Appreciate suggest keeping about 5–15% of your portfolio in gold, a similar amount in short-term bonds, and the rest in a mix of Indian and international stocks. 'This year, stock markets have struggled with rising inflation and renewed trade tensions between the U.S. and China. To invest in gold, Nippon India ETF Gold BeES and SBI Gold ETF are large Gold ETFs that give the benefit of price appreciation without the downsides of physical gold. Also, Kotak and ICICI Prudential offer lower-cost alternatives with expense ratios of 0.55% and 0.5%, respectively. Besides Indian and U.S. stocks, looking at European companies like defense firms, chipmaker ASML, and pharma leader Novo Nordisk can add strength to your investments,' Kansal said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 4 May 2025, 02:22 PM IST
Business Upturn
25-04-2025
- Business
- Business Upturn
United Drilling Tools bags Rs 21.94 million overseas order from Petroleum Equipment & Supplies FZE
By Aditya Bhagchandani Published on April 25, 2025, 15:08 IST United Drilling Tools Ltd (UDTL) announced on Friday, April 25, 2025, that it has secured a significant overseas order valued at approximately ₹21.94 million from M/s Petroleum Equipment & Supplies FZE, an affiliate of Schlumberger, a leading petroleum equipment and engineering solutions provider based in the United Arab Emirates. The order involves the supply of Large OD Casing Pipes and Leopard Connectors, which are critical for preventing wellbore collapse, separating fluid layers, and ensuring safe and reliable drilling operations. The products are scheduled for delivery over the next four months and are intended for deployment in Uzbekistan. This order marks a major milestone in UDTL's continued expansion in the global oil and gas sector. The company has significantly strengthened its footprint across the Middle East, Africa, and Central Asia. It credits this growth to its focus on innovation, customer satisfaction, and manufacturing excellence. Commenting on the development, Manoj Kumar Arora, CFO of UDTL, said, 'This order underscores the growing demand for UDTL's durable and technologically advanced products in international markets and validates our commitment to delivering reliable, high-performance solutions globally.' Founded in 1985 and headquartered in Noida, India, UDTL specializes in manufacturing large OD casing pipes with connectors, wireline and well service equipment, gas lift equipment, and downhole tools, all compliant with ISO and API standards. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
