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Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say
Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel costs rose by approximately ₹3 per litre. This move by state-run oil companies aims to address losses from rising global crude oil prices. The increase reflects the impact of the West Asia conflict and disruptions to key shipping routes.
GE Shipping shares hit 52-week high after Q4 profit jumps nearly triples
The Great Eastern Shipping Company shares jumped to 52-week high after Q4FY26 profit surged nearly three-fold on strong shipping, forex and vessel sale gains, with revenue and margins also sharply higher.
GE Shipping jumps 10% to hit all-time high after Q4; dividend announced
The board of GE Shipping has declared 4th interim dividend for FY 2025-26 of ₹11.70 per share to the equity shareholders of the company. The company has set May 20 as the record date.
Redington turns to air freight as Gulf conflict disrupts sea routes
Indian IT distributor Redington is using more air freight to deliver products to the Middle East. Conflict has disrupted sea routes, forcing this shift. Air freight rates have risen due to higher fuel costs and reduced shipping capacity. Redington is also rerouting supplies and arranging new insurance. Despite some demand dips, the company anticipates revenue growth.
Great Eastern Shipping Company consolidated net profit rises 187.56% in the March 2026 quarter
Sales rise 23.58% to Rs 1511.40 crore
GE Shipping Q4 net profit soars 3x on forex gain; declares ₹11.70 dividend
EBITDA increased 87.7% to ₹941.4 crore from ₹502 crore a year earlier, while EBITDA margin sharply improved to 62.3% from 41%. Shares of Great Eastern Shipping Company Ltd ended at ₹1,493.90, down by ₹4.75, or 0.32%, on the BSE today, May 14.
Japan's Mitsui OSK Lines, world’s second-largest ship owner by fleet size, eyes shipbuilding in India and investments in terminals & logistics
Japan's Mitsui OSK Lines plans to build ships in India. The company is also exploring opportunities for roll-on, roll-off terminals. MOL aims to strengthen inland logistics services. This expansion will support its leadership in shipping automobiles from India. The company sees India as a priority region for growth.
Earnings call transcript: Shipping Corporation Q4 2026 shows strong growth - Investing.com
Earnings call transcript: Shipping Corporation Q4 2026 shows strong growthInvesting.com
Shipping Corp rises after Q4 PAT surges 119% YoY to Rs 405 cr
Shipping Corporation of India rose 1.55% to Rs 344 after the company reported a 118.5% YoY rise in consolidated net profit to Rs 404.60 crore in Q4 FY26, compared with Rs 185.14 crore in Q4 FY25.
Strait Tensions Escalate As Drone Attack Hits Vessel Off Qatar
Regional tensions flare again as Gulf states report aerial threats and shipping routes remain under pressure.
Shipping Corporation of India consolidated net profit rises 118.54% in the March 2026 quarter
Sales rise 14.19% to Rs 1513.21 crore
Shipping Corp Q4 PAT surges 119% YoY to Rs 405 cr
Shipping Corporation of India reported a 118.5% YoY rise in consolidated net profit to Rs 404.60 crore in Q4 FY26, compared with Rs 185.14 crore in Q4 FY25.