Topic
losses
Supply Chain CargoNet reports $304.6M in losses, Scott Cornell says Q2 theft drop is no trend yet
Verisk CargoNet's Q2 analysis shows incidents fell 26% year over year, but estimated losses more than doubled to $304.6M. Scott Cornell of SPG Cargo & Logistics and TAPA Americas cautions that one quarter of lower theft volume does not establish a trend, with metals and enterprise technology driving the largest losses.
Commodities India's ISMA, cooperative sugar mills seek incentives to offset early crushing losses
ISMA and NFCSF have agreed to start India's 2026-27 sugar crushing season 10-15 days early to boost festival-season supply, but are seeking government incentives to compensate for recovery losses. Pan-India ex-mill sugar prices of ₹40-40.50/kg remain below the ₹42/kg cost of production, and mills have already paid ₹1.10 lakh crore to sugarcane farmers.
Commodities Under-recoveries push HPCL, BPCL into losses: Times of India report highlights state-owned oil firms' financial strain
According to a Times of India article, state-owned HPCL and BPCL are being pushed into losses due to under-recoveries. The report, authored by Atul Mathur, highlights financial strain but does not provide specific figures or commodity prices.
Finance Kospi Plunges 7% into Bear Market as Strait of Hormuz Closure Sparks Global Sell-Off
South Korea's Kospi index fell 511 points to 6,964.76, a 7% decline, placing it in bear market territory 25% below June peak. The sell-off was triggered by Iran's claim of closing the Strait of Hormuz, pushing oil prices up more than 4%. Technology heavyweights SK Hynix and Samsung Electronics led losses, falling 10% and 6% respectively. Despite the correction, the Kospi remains the world's best-performing major index in 2026, up 63% year-to-date.
Business Tata Group Directs Air India to Focus on Cutting Record Losses
Tata Group has instructed Air India to prioritise cost reduction over growth, leading to deferral of aircraft deliveries, flight cuts, and postponement of expansion plans. The airline incurred an annual loss of approximately $3 billion and has accumulated over Rs 55,000 crore in losses since 2022. Discussions with Airbus and Boeing to slow deliveries of up to 500 planes are underway.
Business Zepto's IPO Filing: Growth, Losses, and Valuation Uncertainty
Zepto, an Indian quick-commerce startup, has filed for an IPO potentially valuing it at $1 billion. The filing highlights significant revenue growth but also increased losses, raising questions about its valuation. The IPO will test investor confidence in Zepto's business model amid intense market competition.
Commodities LPG Market Stable Amid OMC Losses on Cylinder Sales
Despite stable LPG supplies, Indian Oil Marketing Companies (OMCs) are incurring losses of nearly Rs 700 per cylinder. The government has increased domestic production and secured imports to maintain supply levels.
Commodities Tamil Nadu Farmer's Agroforestry Model Boosts Coconut Profits
A Tamil Nadu farmer has turned coconut losses into profits through an innovative agroforestry model. By diversifying crops and employing sustainable practices, he increased his income and resilience against drought.