Adani Total Gas' consolidated net profit attributable to the parent company's shareholders decreased by 14.2 percent year-on-year, amounting to 141.72 crore rupees in the quarter ending June 30, 2026. This figure declined compared to 165.24 crore rupees because expenses for natural gas and traded commodities rose faster than revenue.
Consolidated operating revenue increased by 27.3 percent, reaching 1,906.79 crore rupees from 1,498.32 crore rupees. Total income grew by 27.4 percent, totaling 1,919.77 crore rupees. However, the cost of natural gas and traded commodities increased by 40.3 percent, reaching 1,302.51 crore rupees compared to 928.37 crore rupees. These expenses accounted for more than two-thirds of the revenue in the last quarter.
Furthermore, export duty expenses rose by 28 percent to 153.26 crore rupees, and financial costs increased by 41.7 percent, reaching 39.10 crore rupees. Depreciation and amortization expenses grew by 19.9 percent, amounting to 66.66 crore rupees. Consequently, total expenses increased by 35.2 percent, reaching 1,742.44 crore rupees compared to 1,288.35 crore rupees.
Profit before participation in joint venture income and before tax fell by 18.7 percent, to 177.33 crore rupees versus 218.08 crore rupees. Part of the decline in consolidated profit before tax was limited by the group's share in joint venture profits more than doubling, reaching 9.57 crore rupees from 4.21 crore rupees.
Profit before tax dropped by 15.9 percent to 186.90 crore rupees from 222.29 crore rupees. Meanwhile, the pre-tax margin narrowed by 503 basis points, falling from 14.8 percent to 9.8 percent. The net profit margin contracted by 360 basis points, standing at 7.4 percent compared to 11 percent. Basic and diluted earnings per share decreased to 1.29 rupees from 1.50 rupees.
Deputy Minister of Energy and Electricity Alexandra Abramham held a meeting with the University of Cape Town's Power Futures Lab to conduct an academic assessment of the South African power sector and determine the necessary steps for long-term sustainability.
The Power Futures Lab specializes in conducting data-driven research concerning investments, regulation, and the development of the energy sector in Africa and other emerging economies.
Abramham emphasized that any policy development must answer two fundamental questions: will it help ensure stable power supply for more people and businesses, and will it make electricity more affordable?
She added that there is a significant volume of generation investments in South Africa that still needs to be activated. Abramham believes that removing administrative barriers is critical for increased competition to exert downward pressure on electricity costs.
The Deputy Minister noted that the success of the energy transformation program largely depends on implementation discipline, and she expects continued interaction with industry stakeholders.
During this meeting, the functioning level of the power supply system was examined, as well as issues of grid access, municipal distribution, regulatory environment, and expansion of transmission and electricity markets.
This meeting demonstrates the Deputy Minister's commitment to basing her policy decisions and positions on reliable data, sound information, and the practical experience of specialists working directly in the field.
Abramham stated that the transition to using electricity must bring tangible improvements to people's lives and allow businesses to reduce costs, grow, and create jobs. She stressed that achieving this goal requires clear policy decisions, competent institutions, transparent execution, and strong political oversight.
Samsung implemented a new feature in Samsung Wallet in Brazil this Tuesday, the 21st, allowing users to make transfers using registered Pix keys. This addition benefits owners of compatible Galaxy smartphones and expands the possibilities for digital payments available in the company's digital wallet.
With this update, customers can send amounts via Pix directly through the application, eliminating the need to access the financial institution's platform after the initial account linking phase. This feature operates through institutions that are part of the Central Bank of Brazil's Open Finance.
The integration of Pix into Samsung Wallet began in April 2026, and now it also covers transfers by key, adding to existing methods such as contactless, QR Code, and copy-paste Pix.
To start using this function, the user must first register a compatible bank account within Samsung Wallet. The procedure begins in the app itself, in the section for adding a new service, where Pix must be selected and the process of linking with a financial institution initiated.
During configuration, the customer provides their CPF, selects the available bank, and is redirected to the bank's application to authorize the use of Pix. It is important to note that this is the only time the banking application needs to be opened. Furthermore, the user has the option to set a maximum limit for each transaction within the digital wallet.
After proper authorization, sending amounts can be done entirely through Samsung Wallet. To transfer using the Pix key, simply open the wallet, choose the linked account, select the transfer option, enter the key and the desired amount, and confirm the operation using biometrics or PIN.
In addition to key transfers, the platform offers other payment methods via Pix. Users can bring their phone close to compatible terminals, scan QR codes using the device's camera or Samsung Wallet itself, or use copy-and-paste codes.
Samsung emphasizes that its digital wallet consolidates various services in one place, including contactless payments, password management through Samsung Pass, card storage, tickets, loyalty cards, and digital keys.
The security of user information is guaranteed by features based on the Samsung Knox platform, which employs mechanisms such as encryption and biometric authentication. The company also mentions that Samsung Wallet provides access to Samsung Rewards, a benefits program that accumulates points on purchases made through the platform, which can then be exchanged for discounts and advantages at official channels and brand partners.
The usability of this feature is conditional on the compatibility of the Galaxy device and the terms defined for the use of Samsung Wallet. The company warns that specifications regarding supported models, limits, and features may vary depending on the device, region, and operating system version.
Mark Carney stated that following a phone call with Donald Trump, they reached an agreement to strengthen negotiations in the coming weeks. These negotiations followed the threat of new tariffs from the United States.
New tariffs of 50% are set to take effect on August 19 and will affect goods such as alcoholic beverages, automobiles, dairy products, clothing, wood products, wigs, and hockey sticks.
The Prime Minister emphasized that the announced tariffs constitute another violation of the Canada-United States-Mexico Agreement (CUSMA). Nevertheless, he assured that Canada will continue to participate in discussions to revise the trade agreement. Carney noted that the government's main objective remains achieving a comprehensive trade agreement with the States, but added that Canada is studying possible countermeasures if the new tariffs are actually implemented.
For his part, Trump once again supported the American administration's decision, accusing Canada of being 'too tough' on the US for many years. He also stated that despite his sympathy for the Canadian people, the leadership, from Justin Trudeau to the current administration, needs help from the US to survive.
The US administration justified the introduction of new tariffs by alleged unfair trade practices by Canada in sectors including alcohol, automobiles, and dairy products.
