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Domestic gas production in India expected to get a boost.
Highlights Domestic gas production would get further boost primarily from RIL, ONGC's assets in KG Basin Domestic gas available for commercial consumption risen after remaining stagnant for past 5 years Favourable gas prices would benefit domestic consumption and would benefit overall gas sector
India's domestic gas production is expected to get a boost from KG Basin, from Motilal Oswal Financial Services (MOFSL).
"Domestic gas production would get a further boost, primarily from RIL and ONGC's assets in the KG Basin," the brokerage house said in a report.
Besides, the MOFSL cited that after remaining stagnant at 70mmscmd for the past five years, domestic gas available for commercial consumption has risen.
It rose to 80mmscmd in the past few months.
"Since domestic gas availability would not suffice the demand of 220mmscmd projected in FY27E, import infrastructure would remain key to growth in gas consumption."
"We expect India's available LNG capacity to rise to 66.5mmtpa in the next 3-4 years from 42.5mmtpa."
Furthermore, the report said that key trunk pipelines like Jagdishpur-Haldia, Kochi-Bangalore, Mehsana-Bhatinda, and North East grid would facilitate better gas penetration.
Additionally, it said that favourable gas prices would benefit domestic consumption and would benefit the overall gas sector in the country.
"In light of commodity prices turning favorable again (higher spot prices in the medium term, increase in petchem margin in Q3FY22, and better LPG price realization) and the reality of de-risking US Henry Hub contracts coming to light, we reiterate GAIL as our top pick in the largecap space," the brokerage said.Also Read: PM Modi inaugurates Kochi-Mangaluru natural gas pipeline via video conferencingAlso Read: Natural gas prices may be cut to decade low of USD 1.9; dent ONGC revenues
Ralph Schipani, Nine West Holdings’ Chief Executive Officer, said, “This is the right step to address our two divergent business profiles. We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses and continue to operate them under a new capital structure so that we can leverage their existing strengths to drive even greater growth. Once we complete the reorganization process, our Company will have meaningfully reduced debt and interest costs and be well positioned for the future.”
Tata Group-owned e-commerce marketplace Tata Cliq on Thursday announced an expanded partnership with Adobe to deliver an enhanced digital experience for its customers in India.Tata Cliq will leverage the full services within Adobe Experience Cloud to offer personalised and relevant digital experiences for shoppers on its website as well as mobile application
PANDORA has always encouraged women to empower themselves by celebrating their achievements. The brand’s global Shine campaign #DOSHINE reinforces the power of celebrating women’s day-to-day milestones. This Summer, celebrate yourself and reward all your successes – no matter how big or small, be it getting a promotion or running that extra mile. These collections are designed to capture life’s unforgettable moments at affordable prices.
Unlike other intimate wear brands focusing only on women, Intimate Nation manufactures high-quality designer and comfortable innerwear for men including high-quality and fashionable boxers (which are not widely available in India). Intimate Nation is poised to expand its presence in the men’s innerwear market. Its vision is to plug the gap that exists in the space in terms of products that encompass a great design and fit.
In conjunction with the restructuring, the company received US $300 million in debtor-in-possession financing and the company has entered into a Restructuring Support Agreement (RSA) with parties that hold or control over 78 percent of its secured term debt and over 89 percent of its unsecured term debt. Such financing, combined with cash generated from the company’s operations, will provide the company with the liquidity necessary to maintain its operations in the ordinary course during its Chapter 11 case. The RSA demonstrates the support of the company’s lenders and their confidence in the go-forward businesses, as well as providing a clear path to emergence from Chapter 11 on an expedited basis.
The contemporary ethnic wear brand ‘Aurelia’ by TCNS Clothing recently opened its new store in Gurgaon, a major city in the state of Haryana. Invigorated by the acceptance and success of the brand, Aurelia is expanding its geographic presence to cater to the demands of loyal customer base.
Aashti Bhartia, Director, OGAAN, “The Usha Silai initiative very much resonates with our ethos at OGAAN — we work with designers that use Indian textiles and techniques and marry them with great design and a modern sensibility. This is the first time they’ve invited designers to collaborate and it is a great step for the Usha Silai school women. The designers have been well chosen; Soham Dave, Amit and Richard, are names we already work with at OGAAN. It’s an inspiring, ambitious initiative for a company like Usha to take forward, and we’re excited to be the retail partners for it.”
He further added, “We are not actively looking for new properties or to expand. As and when we are getting the right property at the right location, we will open the store. We are not really putting the target for us, but you can expect atleast 4-5 company-owned stores to come up by the end of the year.”
Speaking on the launch, Abhishek Verma, CEO, Mojostar, said, “Active-wear trends in India are still heavily dominated by the needs of male consumers. Brands in this space still have a primary share from male consumers, leaving gaps in the offering for young Indian women. Just F is our way of giving female consumers, products which cater to their needs and sensibilities.”
According to Kumar, “Around 60-65 percent of our business actually comes from private brands. We are really not looking at premiumising our products, we are a fast fashion brand at a mid-price point and that is what we would like to continue with. We are adding new categories rather new price points but that is not taking the prices up too much, so we will like to focus on what we are best at.”
Sephora is also available on NNNOW.com – the official site for all brands under Arvind’s portfolio. The unification between online and offline stores and their combined strength using Omnichannel model, allows consumers to find their favourite store in the area close by, place the order and either have it delivered to their location of choice or pick it up at the store if around.
Mahajan states, “At Inorbit, we have brands like Fabindia, Biba, W, Soch, Ethnicity all requiring bigger stores. We now have Global Desi and Fusion Beats who sell ethnic fusion wear. Both these stores didn’t have EBOs (Exclusive Brand Outlets) in our mall earlier. We recently opened an outlet of Hastkala Sarees, which is a 21-year-old traditional ethnic wear retail chain offering a range of sarees, lehengas etc.”
With an aim to bring the ‘F’ factor back into feminine fitness, Mojostar has recently joined forces with leading Bollywood superstar Jacqueline Fernandez to launch Just F, a female-only fitness and fashion brand.The launch of Just F marks the second co-created brand launched by Mojostar, which has been consolidating its position as a world-class ‘house of brands’