Amazon brings up to 55% off on summer appliances like AC and refrigerators from top brands like LG, Samsung and more
Budget-conscious buyers have multiple 5G smartphone options under Rs. 20,000 in 2025, including OPPO K13, iQOO Z10, Infinix Note 50s 5G+, Motorola G85 5G, and Vivo T4 5G, offering features like large batteries, good displays, and capable cameras.
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Economic Times
15 minutes ago
- Economic Times
Higher crude oil prices a net positive for upstream cos, possibly for OMCs too: Kotak Equities
The recent rise in crude oil prices may prove beneficial not only for upstream oil companies but also for oil marketing companies (OMCs), according to a report by domestic brokerage firm Kotak Institutional Equities. ADVERTISEMENT In a recent note, the brokerage highlights that the latest rally in oil prices, with Brent crude being up 15% since early June, could aid upstream companies such as ONGC and Oil India by lifting their net realizations and earnings. "Brent has moved up to US$85/bbl from US$74/bbl earlier in the month," the brokerage said, adding that every US$1/bbl increase in Brent prices adds Rs 2.4–2.5/share to ONGC's EPS and Rs 3.5–4/share to Oil India's EPS, assuming no changes in government levies. According to Kotak, ONGC's base case assumes an oil price of US$80/bbl Interestingly, the brokerage also sees the potential for OMCs to benefit from higher oil prices under current market conditions. 'Oil marketing companies (BPCL, HPCL, IOCL) may benefit too, if the government maintains current pump prices,' Kotak stated. The report notes that despite the recent increase in Brent prices, auto fuel prices have remained unchanged in India, implying potential margin expansion for OMCs. ADVERTISEMENT "OMCs are seeing marketing margins rise to Rs 5.6/liter for diesel and Rs 7/liter for petrol," the report stated, assuming average Brent at US$85/bbl and a USD/INR exchange rate of Kotak points out that HPCL's marketing EBITDA was Rs 3.5/liter in FY24, suggesting that current margin levels may offer substantial upside if they persist. The firm acknowledges that while refining margins remain modest, the improving marketing profitability may offset those concerns. ADVERTISEMENT On refining, the brokerage notes that gross refining margins (GRMs) continue to be relatively weak, with Singapore complex GRM currently at US$3.5–4/bbl, and diesel cracks at US$13–14/bbl, which are below seasonal averages. Also read: HDB Financial Services GMP at 6.3% ahead of IPO. What should investors do? ADVERTISEMENT Nevertheless, the note emphasizes that product cracks are not as weak as GRMs suggest, and that the margins are still acknowledging the volatility in the crude market, Kotak Institutional Equities underlines that higher oil is unequivocally good for upstream companies and may not hurt OMCs in the near term either. ADVERTISEMENT The brokerage firm also stated that it continues to prefer ONGC and Oil India among upstream players and maintains a 'buy' rating on both stocks. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
15 minutes ago
- Economic Times
IdeaForge bags around Rs 137 crore drone order from Indian Army
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations," the company said in the statement. The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.
Hindustan Times
18 minutes ago
- Hindustan Times
Oppo K13x 5G launched at ₹11,999 in India: All features and specs explained
Oppo has launched a new K series smartphone, the Oppo K13x 5G, in India for budget-conscious buyers at under Rs.15000. The smartphone comes with a glittery design, but a sturdy build with a 360° Damage-Proof Armour Body protection, IP65 rating, and more. Alongside a durable build, Oppo also flaunts its slim and lightweight design, making it look attractive in the budget market. The MediaTek Dimensity 6300 processor powers the Oppo K13x 5G, which may offer smooth day-to-day performance. Therefore, if you are looking for a smartphone in this segment, then know what the new Oppo K13x 5G has to offer. Oppo K13x debuts in the budget segment with AI-powered features.(Oppo) Also read: Oppo Reno 14 Pro confirmed to feature a 50MP ultra-wide lens, 6,200mAh battery, and more The Oppo K13x 5G comes with a 7.99mm thickness and weighs 194 grams. The smartphone is known for its durability with an AM04 aluminium alloy inner frame, Oppo's Sponge Biomimetic Shock Absorption System, 360° Damage-Proof Armour Body, GS Military Standard Certification, IP65 rating, and much more. The smartphone features a 6.67-inch HD+ display with a 120Hz refresh rate and up to 1000 nits peak brightness. The Oppo K13x 5G is powered by the MediaTek Dimensity 6300 processor paired with up to 8GB LPDDR4X RAM and 128GB UFS 2.2 storage. The smartphone features a dual camera setup that includes a 50MP main camera with an OV50D sensor and a 2MP portrait camera. For selfies, it features an 8MP front-facing camera. It is backed by a 6000mAh battery that comes with 45W SuperVOOC fast charging support. Also read: Oppo K13 5G launched with 7000mAh battery in India: Check out specs, price, features, and more It runs on ColorOS 15 based on Android 15, bringing all the advanced features. The Oppo K13x 5G also offers AI-powered features, including AI Eraser, AI Unblur, AI Reflection Remover, and AI Clarity Enhancer. Other productivity-based features include AI Summary, AI Studio, AI Recorder, and Google Gemini. Oppo K13x 5G: Price and availability The Oppo K13x 5G is available in two colourways: Midnight Violet and Sunset Peach. The smartphone will come at a starting price of Rs. Rs.11999 for the 4GB+128GB variant. It's also available in 6GB+128GB and 8GB+128GB variants, which are priced at Rs.12999 and Rs.14999 respectively. The sale starts on June 27, 2025, on the OPPO e-store and Flipkart from 12 PM onwards. Also read: Oppo F29 Pro Review: Polished performer that delivers where it matters Buyers can also avail of offers on the purchase of the Oppo K13x 5G. The 4GB and 6GB RAM variants will be available with Rs.1000 instant discount. Whereas, the 8GB variant will be available at Rs.2000 discount.
