Day: August 2, 2020

One of the larger oil and gas companies on the market today is Apache Corporation (APA). Though its size pales in comparison to the majors, it's still large enough to be able to hold its business steady during even some of the toughest of times. Case in point, we need only look at the firm's results for the second quarter of its 2020 fiscal year. Despite being forced to curtail output at some of its higher-cost locations, and during one of the most volatile three-month windows energy markets have ever been through, the business managed to remain in a positive operating cash flow position. Not only this, but output from the firm also remained higher than analysts anticipated, and though debt is rising, the business is showing signs of keeping costs down and optimizing its operations. Apac...

July sales figures show there is light at the end of the tunnel for the auto sector as also the ailing economy in the midst of the uncertainty over the Covid pandemic.While Mahindra & Mahindra’s farm equipment sector notched up the highest ever tractor sales for the month, showing good cash flows to farmers and higher rural spending by the government, the country’s largest carmaker Maruti Suzuki saw an increase in demand from the first-time buyers and also people buying additional cars.Maruti Suzuki reported 1.30 per cent year on year growth in domestic sales to 1.01 lakh units, while Mahindra & Mahindra witnessed nearly 28 per cent growth in tractor sales to 24,463 units.In its recent conference call post Q1FY21, the Maruti management indicated that retail demand has reached...