Daily Archives: August 2, 2018

GE Power India net profit falls 77% to Rs 2.4 cr in Apr-Jun

GE Power India’s standalone net profit dropped around 77 per cent at Rs 2.4 crore in the quarter ended June 30, 2018, compared to the year ago period. The company’s standalone net profit was Rs 10.58 crore in the quarter ended on June 30, 2017, said a BSE filing today. According to the filing, its

Oil falls for a third day, dented by rising tide of supply

Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply. Saudi Arabia, Russia, Kuwait and the United Arab Emirates have increased production, as agreed at a meeting in June, to help compensate for an anticipated

Power sector is seeing a revival in demand: NTPC

India’s power sector, guilty in the past of adding significantly to the pile of bad loans, is seeing a revival in demand with growth in power consumption every month, the chairman of the country’s biggest power producer said Wednesday. “Power demand is coming back…it is an optimistic scenario,” National Thermal Power Corporation (NTPC) chairman Gurdeep