Latest news with #AnkitPatel
India Today
4 days ago
- Business
- India Today
Why the Strait of Hormuz matters to India amid Israel-Iran tensions
Tensions between Iran and Israel have been on the rise and one name keeps surfacing in global headlines: the Strait of narrow stretch of sea might seem far from India, but what happens there can directly impact your fuel bill, your business, and even your stock market Strait of Hormuz is located between Iran to the north and Oman and the United Arab Emirates (UAE) to the south. It connects the Persian Gulf to the Gulf of Oman, and then to the Arabian At its narrowest point, it is only about 21 miles (34 kilometres) wide. However, the actual navigable channel for ships is just a few kilometres wide in each direction, making it a tightly controlled and high-risk ports located near the strait include:Iran's Bandar Abbas – a major naval and commercial portUAE's Fujairah Port – an important oil storage and shipping pointOman's Sohar Port – used for trade and shipping reroutesQatar's Ras Laffan – a key port for liquefied natural gas (LNG) exportsThis waterway is the only sea route for oil and gas exports from most of the Gulf countries, which makes it strategically THE STRAIT OF HORMUZ IS IMPORTANTAlmost one-fifth of the world's oil, more than 17 million barrels per day, passes through the Strait of Hormuz. It is the main shipping route for energy exports from major producers like Saudi Arabia, Iraq, Iran, Kuwait, Qatar, and the to the U.S. Energy Information Administration (EIA), approximately 20% of the world's oil supply, around 20.9 million barrels per day, passes through this narrow waterway, with nearly 83% of it destined for Asian markets. Any threat to the free flow of oil and gas through this strait poses a significant risk to global energy India, which imports over 85% of its crude oil, this makes the strait a vital artery. Any disruption, whether by military activity, threats, or shipping delays—can lead to a sharp rise in oil prices, impacting India's THE ISRAEL-IRAN CONFLICT AFFECTS THE STRAITAs Israel and Iran continue to launch missile and drone attacks on each other, there is growing concern that Iran could restrict or block access to the Strait of Hormuz—something it has threatened in the past. Even the fear of this happening can send shockwaves through oil markets and disrupt global tension also puts commercial ships at risk. Insurance premiums go up, companies reroute vessels, and shipping delays become more likely."The extent to which global powers can dissuade Iran from blocking this vital passage will determine the scale of impact on oil markets going forward. Even without further escalation, the geopolitical risk premium on oil is likely to persist," said Ankit Patel, Partner at Arunasset Investment Services. advertisement"Rising crude oil prices fuel inflationary pressures, particularly in the Consumer Price Index (CPI), and strain the external balance. A $10 increase in crude prices can widen India's current account deficit by approximately 0.55% of GDP and raise CPI inflation by around 0.3%, given oil's significant weight in the national import basket," he added. If the Strait of Hormuz is disrupted, crude oil prices could rise sharply. This would raise the cost of petrol, diesel, and LPG in India, and also affect inflation. Industries like airlines, transport, paints, cement, and logistics, all of which depend heavily on fuel, would face rising also imports liquefied natural gas (LNG), and much of it comes through this strait, especially from Qatar, the world's biggest LNG exporter. If supplies are delayed, it could impact gas-based power plants and manufacturing industries in Indian exporters depend on smooth shipping routes through the Gulf. A delay or rerouting of ships increases freight charges, causes delivery lags, and reduces competitiveness—especially for small exporters. India also exports machinery, textiles, jewellery, and chemicals to Gulf nations. The strait's safety plays a big role in keeping those trade routes ON STOCK MARKETS AND THE RUPEEThe stock market reacts quickly to news from the Gulf. Rising oil prices tend to hurt sectors like airlines, paints, and tyres. On the other hand, energy companies, oil refiners, and defence firms may rupee also comes under pressure as oil becomes more expensive. A weaker rupee increases import costs and may force the Reserve Bank of India to rethink its monetary policy, especially if inflation the Strait of Hormuz becomes unsafe, every Indian could feel the impact. Petrol prices may rise, monthly budgets may tighten, and inflation could increase. India on Tuesday issued a fresh advisory urging its nationals and Persons of Indian Origin (PIOs) residing in Tehran to move out of the city, as the Iranian capital came under continued aerial attacks from Israeli drones and Indian Embassy in Tehran asked individuals who have the means to leave the city on their own and do so without delay.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
Yahoo
16-05-2025
- Business
- Yahoo
Burger Chain Mooyah Opening New Location on May 30
It's certainly cause for celebration when a restaurant chain that's loved by the community is able to expand, especially with so many restaurant chains closing and even filing for bankruptcy. Plus, there's something special about seeing a brand thrive to the point where it can expand into different areas. Mooyah Burgers, Fries & Shakes debuted in 2007 in Plano, Texas, and has grown to the point where the chain has more than 100 locations in multiple states and countries. Mooyah prides itself on "never-frozen beef, hand-cut fries, real ice cream shakes, and other delicious nouns preceded by quality-assuring adjectives," according to the company. Now, Mooyah is growing. The company announced the grand opening of a new location in Livermore, CA, on May 30, with a soft opening on May 19. According to a release, the Livermore location is the second Mooyah location in the Bay Area. Local resident Rikin Lakhani and his partners Ankit Patel, Sameet Patel and Shailain Patel will head its operations up. "After opening our first Mooyah in Walnut Creek, we saw firsthand how much guests love the brand — from the quality of the food to the overall experience," Lakhani, owner of the Walnut Creek and Livermore locations, said in a statement. "Everything from the Certified Angus Beef to the fresh-baked buns and hand-cut fries sets Mooyah apart," he added, noting that "flexibility" of the menu at Mooyah and its "focus on customization really let guests make each meal their own." Gary Lisenbee, VP of development and operations services, added, "We're excited to continue growing Mooya in the Bay Area with Rikin Lakhani and his partners at the helm. Rikin has already proven to be an outstanding operator with our Walnut Creek location, and his dedication to delivering a top-tier guest experience makes him a perfect fit to lead the charge in Livermore."
Yahoo
13-05-2025
- Business
- Yahoo
Meghmani Organics Ltd (BOM:543331) Q4 2025 Earnings Call Highlights: Revenue Surge and ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Meghmani Organics Ltd (BOM:543331) reported a 26% year-over-year increase in revenue for Q4 FY25, reaching approximately 500 crore. The company achieved a significant turnaround in profitability, with a profit after tax of 34 crore compared to a loss in the same quarter of the previous year. The crop protection segment saw a 40% year-over-year increase in production, with capacity utilization at 76%. The company is focusing on renewable energy, with plans to reach over 50% utilization through a wind-solar hybrid power project. Anti-dumping duties on titanium dioxide imports from China are expected to provide relief and improve profitability in the coming quarters. The titanium dioxide segment continues to face intense pricing pressure due to aggressive dumping by China. Despite improvements, the pigment segment's capacity utilization remains low at 46%. The company's margins are under pressure, with expectations of moderation in margins for the crop protection segment. The nano urea business is still in the early stages, with low capacity utilization and gradual market acceptance. The company faces challenges from increased competition and oversupply in the pigment market, impacting pricing and profitability. Warning! GuruFocus has detected 4 Warning Signs with BOM:543331. Q: With the anti-dumping duty on TIO2, how much improvement in per kg realization do you expect? A: Ankit Patel, Chairman and Managing Director, stated that the anti-dumping duty is expected to increase prices by about ?40 to ?45 per kg, which translates to a 25% change in prices. This will help improve the bottom line as current pricing levels were challenging for cost recovery. Q: What is the expected revenue from the multi-purpose plant by FY27, and how much revenue was generated last year? A: Ankit Patel mentioned that while it is difficult to predict exact figures, they aim to achieve ?1,000 crore from the multi-purpose plant by FY27 or FY28. Last year, the plant generated close to ?250 crore in revenue. Q: Are the 12% EBITDA margins sustainable going forward? A: Ankit Patel indicated that while quarter-on-quarter margins can vary due to seasonality, they are confident in maintaining double-digit margins on a yearly basis. Q: What is the current utilization rate of the multi-purpose plant, and when will it reach optimal capacity? A: The current utilization rate is about 45%, and it is expected to reach 75-80% capacity utilization in the next 2 to 3 years. Q: How does the company plan to increase its market share in Brazil? A: Ankit Patel explained that they are working on establishing a subsidiary in Brazil, with final approval pending from the RBI. They are optimistic about growth in the Brazilian market, expecting 15-20% year-on-year growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
