ONGC reported a 19% YoY decline in Q3FY25 net profit at ₹8,622 crore, missing estimates. Revenue fell marginally by 0.75% to ₹1,66,097 crore. Despite lower earnings, CLSA maintained an ‘Outperform’ rating with a ₹360 target, citing strong oil and gas sales. ONGC shares rose 2.3% but remained down 21.48% in six months.
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap