Latest news with #Nomination
Time of India
a day ago
- Business
- Time of India
Oil import bill drops to $9.4 bn in July from $11.4 bn last year
New Delhi: India's indigenous crude oil and condensate production in July 2025 stood at 2.4 million metric tonnes (MMT), registering a de-growth of 0.7 per cent over the corresponding month last year, according to data released by the Petroleum Planning and Analysis Cell (PPAC). Of the total production, 75.3 per cent came from Nomination fields, 13.8 per cent from Pre-NELP fields and 10.8 per cent from NELP fields. Crude oil processed during July was 23.3 MMT, 3.2 per cent higher than July 2024. PSU and JV refiners processed 15.8 MMT, while private refiners processed 7.5 MMT. Indigenous crude processed stood at 2.3 MMT and imported crude at 21 MMT. In April–July 2025-26, crude oil processing rose 1.4 per cent compared with the same period of the previous year. Crude oil imports declined 4.3 per cent in July and 0.6 per cent in April–July 2025-26 compared to the corresponding periods a year earlier. The net oil and gas import bill stood at USD 9.4 billion in July 2025 against USD 11.4 billion in July 2024. Of this, crude oil imports accounted for USD 9.3 billion, LNG imports USD 1.2 billion, while exports were USD 3.0 billion. Brent crude price averaged USD 70.99 per barrel in July 2025 as against USD 71.46 in June 2025 and USD 85.31 in July 2024. The Indian basket crude averaged USD 70.95 per barrel in July 2025 compared with USD 69.77 in June 2025 and USD 84.15 in July 2024. Production of petroleum products in July 2025 was 24 MMT, lower by 1.5 per cent year-on-year. Out of this, 23.7 MMT came from refineries and 0.3 MMT from fractionators. Cumulative production in April–July 2025-26 fell 0.4 per cent compared with the same period of FY 2024-25. Major products in July 2025 included HSD with 43.6 per cent share, MS 17.1 per cent, naphtha 7.1 per cent, ATF 5.9 per cent, petcoke 5.1 per cent and LPG 4.7 per cent. Imports of POL products declined 12.7 per cent in July 2025 and 1.5 per cent in April–July 2025-26, mainly due to lower imports of fuel oil and petcoke. Exports of POL products fell 0.2 per cent in July 2025 but rose marginally by 0.02 per cent during April–July, driven by higher exports of naphtha and motor spirit. Consumption of petroleum products was 81.0 MMT in April–July 2025, lower by 0.5 per cent compared with 81.4 MMT in the same period of the previous year. Growth was recorded in LPG (7.5 per cent), motor spirit (6.8 per cent), ATF (2.3 per cent) and HSD (2.6 per cent), besides SKO and LDO. For July 2025 alone, consumption was 19.4 MMT, down 4.2 per cent year-on-year. Ethanol blending in petrol was 19.9 per cent in July 2025, with cumulative blending at 19.1 per cent during November 2024 to July 2025. Total natural gas consumption, including internal use, was 5,875 MMSCM in July 2025, 12.6 per cent lower than the same month last year. Cumulative consumption till July 2025 stood at 23,134 MMSCM, down 7.9 per cent year-on-year. Gross production of natural gas was 2,967 MMSCM in July 2025, 3.7 per cent lower compared with July 2024. Cumulative production in April–July 2025-26 was 11,754 MMSCM, down 3.1 per cent. LNG imports were 2,946 MMSCM in July 2025, 20.2 per cent lower year-on-year, while cumulative imports stood at 11,534 MMSCM in April–July, a decline of 12.4 per cent compared to the corresponding period last year, PPAC data showed.>
Fashion Network
28-04-2025
- Business
- Fashion Network
Italian jewellery brand Nomination plans new stores in the UK and Türkiye as turnover climbs 30%
The Florentine brand Nomination, known worldwide for its modular bracelets in stainless steel and gold, will mark its 40th anniversary in 2027. It continues to record strong growth in both results and retail expansion. "2024 was an extraordinary year, during which we exceeded our expectations by achieving a turnover of more than €60 million, up 30%, and we are confident about consolidation in 2025 as well," explained Alessandro Gensini, Marketing and Communications Director of the company and son of founder Paolo, to "All our product lines performed well, starting with the modular bracelets and the links, which are sparking a collecting craze in many markets alongside our fashion collections. We are the inventors of accessible luxury jewellery: with gold prices soaring, our stainless steel and gold bracelets are highly appreciated by young people, who can treat themselves to a precious, high-quality, unique and customisable piece made in Italy." The company's figures are impressive: Nomination produces between 15,000 and 18,000 links per day at its Florence headquarters and sold 3.25 million links last year, along with 850,000 fashion jewellery pieces placed on the market. The company, which generates a large part of its turnover in Europe between Italy and England, is also continuing to advance its retail development strategy. "Last year, we opened nine standalone stores — one in Sofia, one in Dubai, four in Türkiye, two in South Africa, one in Azerbaijan and another in Glasgow just a few weeks ago," Gensini continued. "Moreover, we are planning further openings in England and Türkiye by the end of the year." Regarding other projects for this year, the manager is clear: "In addition to standalone stores, we will focus heavily on shop-in-shops within independent jewellery retailers, and we are working on new collections and symbols. From a communications perspective, we are preparing a new campaign that will launch in September, evolving from the current one. We want to highlight our heritage, our roots in Florence, and the originality of a family-owned company that has managed to innovate the world of jewellery and continues to set trends in the sector. Our social media platforms and selected content creators will increasingly become the ambassadors of our brand values and the unique language of our precious jewellery because Nomination is a truly accessible luxury for everyone," concluded Alessandro Gensini.
Fashion Network
28-04-2025
- Business
- Fashion Network
Italian jewellery brand Nomination plans new stores in the UK and Türkiye as turnover climbs 30%
The company, which generates a large part of its turnover in Europe between Italy and England, is also continuing to advance its retail development strategy. "Last year, we opened nine standalone stores — one in Sofia, one in Dubai, four in Türkiye, two in South Africa, one in Azerbaijan and another in Glasgow just a few weeks ago," Gensini continued. "Moreover, we are planning further openings in England and Türkiye by the end of the year." Regarding other projects for this year, the manager is clear: "In addition to standalone stores, we will focus heavily on shop-in-shops within independent jewellery retailers, and we are working on new collections and symbols. From a communications perspective, we are preparing a new campaign that will launch in September, evolving from the current one. We want to highlight our heritage, our roots in Florence, and the originality of a family-owned company that has managed to innovate the world of jewellery and continues to set trends in the sector. Our social media platforms and selected content creators will increasingly become the ambassadors of our brand values and the unique language of our precious jewellery because Nomination is a truly accessible luxury for everyone," concluded Alessandro Gensini.
Fashion Network
28-04-2025
- Business
- Fashion Network
Italian jewellery brand Nomination plans new stores in the UK and Türkiye as turnover climbs 30%
The company, which generates a large part of its turnover in Europe between Italy and England, is also continuing to advance its retail development strategy. "Last year, we opened nine standalone stores — one in Sofia, one in Dubai, four in Türkiye, two in South Africa, one in Azerbaijan and another in Glasgow just a few weeks ago," Gensini continued. "Moreover, we are planning further openings in England and Türkiye by the end of the year." Regarding other projects for this year, the manager is clear: "In addition to standalone stores, we will focus heavily on shop-in-shops within independent jewellery retailers, and we are working on new collections and symbols. From a communications perspective, we are preparing a new campaign that will launch in September, evolving from the current one. We want to highlight our heritage, our roots in Florence, and the originality of a family-owned company that has managed to innovate the world of jewellery and continues to set trends in the sector. Our social media platforms and selected content creators will increasingly become the ambassadors of our brand values and the unique language of our precious jewellery because Nomination is a truly accessible luxury for everyone," concluded Alessandro Gensini.
Independent Singapore
24-04-2025
- Politics
- Independent Singapore
'Doesn't mean we're gone,' Pritam Singh reassures Marine Parade residents
SINGAPORE: At The Workers' Party's (WP) first doorstop interview for this year's General Election, Secretary-General Pritam Singh directly addressed one of the most notable developments on Nomination, Day: the WP's decision not to contest the newly formed Marine Parade-Bradell Heights GRC . This effectively gave the People's Action Party (PAP) its first uncontested victory, its first walkover, since 2011. The WP team that had worked on the ground in the area would instead contest in Punggol. Mr Singh, who explained in a post why the WP wasn't contesting the constituency, addressed the residents of Marine Parade-Bradell Heights directly, assuring them that it did not mean the opposition party had left them high and dry. 'I seek the understanding and forbearance in Marine Parade-Bradell Heights,' he said. 'It doesn't mean we're gone. We'll continue our work there after the General Elections, but I hope you understand we're a small political party. We try and put the best foot forward when we have to fight in an election campaign, and this is the strategy that we have taken for these elections, given what has happened with the boundary redrawing and other calculations that the Workers' Party certainly has to take into account.' He later reiterated that he sought understanding from residents regarding the matter, but underlined that the WP 'has to move forward in this campaign.' The WP's choice not to stand at Marine Parade-Bradell Heights, which is explained at length here , had been made 'with a heavy heart,' Mr Singh explained, calling it 'a very difficult decision for us.' The Workers' Party was active in the area before 2015, and first contested Marine Parade GRC in 2015 when it lost to the PAP. In GE 2011, WP candidate Yee Jenn Jong lost at Joo Chiat SMC by only 388 votes. In the next election cycle, Joo Chiat was incorporated into Marine Parade GRC. This year, however, Joo Chiat was taken out of Marine Parade GRC and put into East Coast GRC, while MacPherson SMC and other estates were included in the newly formed Marine Parade-Braddell Heights GRC. The WP is fielding a team at East Coast GRC headed by Mr Yee . While many online have said they understood the WP's decision not to contest at Marine Parade-Braddell Heights, it did not go over as well in some quarters. Former WP member Goh Meng Seng, the head of the People's Power Party (PPP), called it 'purely irresponsible'. 'If they had made known they were going to abandon Marine Parade, we would have been game enough to say … We will move on to pick it up,' he added . Others, however, have argued that the blame should be laid on this year's 'radical redrawing of boundaries'. 'We have no doubt that but for gerrymandering, WP's Marine Blue would have entered the arena and fought valiantly. If there was a walkover in a constituency where the Big 3 didn't contest, it wouldn't hurt as much. It hurts because we know the quality and calibre that the WP can offer voters,' a netizen countered. 'We know the odds are often stacked against the opposition! It has never been a level playing field. But with faith, sincerity, and hard work, you've proven time and again that you're a trusted opposition party,' another wrote. 'Concentrate on the deployment of the limited resources. Wise move… Slowly expand outwards. I believe voters have eyes to see,' a Facebook user wrote. /TISG Read also: After 10 years, PAP wins a seat by walkover as WP declines to pursue Marine Parade
