The brokerage houses remained positive about Oil and natural gas company (ONGC) after the government announced higher premiums for new gas sources. What happened: ONGC said on Monday that the Ministry of Petroleum and Natural Gas had announced a 20% premium on gas produced from new wells or interventions. Previously, the domestic gas price (APM) […]
Tata Consulting Services (TCS) has completely changed Cromas Commerce operations to a cloud model. What happened: TCS has leveraged its AI-driven, unified composable platform, TCS OmniStoreto enable mobile payments in all Croma stores, said a press release on Monday. This change has led to an increase in sales and customer frequency at Croma, while also […]
US natural gas prices, tracked by the United States Natural Gas Fund LP UNGare on track to extend their winning streak to four sessions on Friday as the combination of lower-than-expected inventories and increased demand due to persistent heat reversed the bearish trend that has dominated the market since June. Henry Hub front-month futures rose […]
Cheniere Energy, Inc. Liquefied petroleum gas reported second-quarter FY24 revenue of $3.251 billion, down 21% year-over-year and below consensus of $3.518 billion. Adjusted EBITDA decreased 29% year-over-year to $1.32 billion, primarily due to lower international gas prices and a higher proportion of LNG sold under long-term contracts, resulting in lower margins per MMBtu of LNG […]
