Indian offshore rig operators are set for a 30 per cent spurt in operating profit in fiscal 2025 as strong global demand for rigs amid healthy crude oil prices keeps day rates elevated after doubling to ~$85,000 from last year’s level, said a report by CRISIL Ratings. The operators, it added, will benefit gradually as […]
By VK Sharma Nifty fell for the third consecutive week last Friday to close 0.91% lower at 16,945. This is the lowest point of the downswing which started from all time high of 18887, registered on Dec 1, 2022. Also read: Analysts slash crude oil price forecasts amid recession fears; go short at Rs 6000/bbl […]
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