Markets and investing
Russia’s Crude Shipments Edge Higher as Refinery Processing Rises
Russian crude exports increased slightly even as refineries stepped up processing, following a lull in Ukrainian attacks.
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Markets and investing
Advanced Enzyme reports 16% revenue growth in Q2 FY27, shares fall
Advanced Enzyme Technologies posted consolidated revenue of INR 2,145 million for Q2 FY27, up 16% year over year, alongside higher profit and a wider EBITDA margin. Management said the U.S. business is showing early signs of recovery, while the company’s shares declined 2.56% to $274.25.
Markets and investing
AIA Engineering Q2 EBITDA falls 5% as freight costs pressure margins
AIA Engineering reported Q2 FY27 sales of INR 1,093 crore and EBITDA of INR 361 crore. Management said higher export freight costs weighed on profitability, while first-half sales volumes remained broadly flat and the order backlog rose to INR 10.7 billion.
Markets and investing
Binance says withdrawals have stabilised as North Korea denies US heist allegation
Binance co-CEO Richard Teng says withdrawals have returned to normal and the exchange is in strong financial health after a major crypto theft. North Korea has rejected the US accusation that it was behind the incident.