LONDON: Oil company Royal Dutch Shell on Thursday reported better-than-expected profits, though sales were hammered by the drop in global energy prices. It said its first-quarter profit rose 7 percent, thanks to a good performance in the refining division as well as to the fact that year-earlier figures were weighed down by one-time charges. The […]
Month: April 2015
Japan Airlines says annual net profit down 10.3% to $1.3 billion
TOKYO: Japan Airlines (JAL) said Thursday its fiscal-year net profit sagged by 10.3 percent as a weak yen offset the positive impact of falling oil prices on fuel costs. The company said net profit came in at 149.0 billion yen ($1.3 billion), down on last year but better than its earlier estimate for the fiscal […]
Suzlon Energy sells 100% stake in German subsidiary Senvion to Centerbridge Partners
NEW DELHI: Wind turbine maker Suzlon Energy today said it has completed 100 per cent stake sale of its German arm Senvion to US-based Venture Capital fund Centerbridge Partners. In a BSE filing, Suzlon Group said it has completed “100 per cent stake sale of Senvion SE, a wholly-owned subsidiary to Centerbridge Partners”. It further […]
Gadkari to inaugurate Shillong Bypass, Umiam-Jorabad 4 lane
Shillong: Union Minister for Road Transport and Highways Nitin Gadkari will dedicate the Shillong Bypass and Umiam-Jorabad four lane highway to the people tomorrow, state government officials said today. Gadkari, who was on a four-day tour of the North Eastern states, would inaugurate the Shillong Bypass, two years after completion, and the UmiamJorabad four-lane highway, […]
Oil prices to stay weak for at least a year
New Delhi: Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. Reuters monthly survey of 32 analysts predicted North Sea Brent crude would average $60 […]
BPCL raises $500 mn to fund capital expenditure
New Delhi: State-owned Bharat Petroleum Corp Ltd (BPCL) today said it has raised $500 million through fixed-rate unsecured notes to fund its capital expenditure. “BPCL has launched an issue of USD 500 million fixed rate unsecured notes due 2025, which were priced on April 29,” the company said in BSE filing. The 10-year notes will […]
British Airways, Air France face heat from stronger dollar
LONDON/BERLIN: British Airways-owner IAG swung to a profit for the first time in its seasonally weakest first quarter, but warned a stronger dollar would hold it back this quarter, echoing a warning from rival Air France-KLM. Both airlines saw lower fuel bills, but Air France said pressure on ticket prices and the firmer dollar would […]
Airbus keeps targets, considers buyback as jet programmes on track
PARIS/BERLIN (Reuters) – Airbus Group said it would make a decision in the autumn on a share buyback programme after reporting its main commercial jet programmes were on track and confirming its full-year guidance on Thursday. Europe’s largest aerospace group said it was pushing ahead with a production increase for its new A350 jet and […]
British Airways-owner IAG swings to profit in weaker season
LONDON: British Airways-owner IAG reported a quarterly profit, swinging into the black from a seasonal loss for the first time, helped by lower fuel costs and an improvement in performance across its three airlines. The airline group, which is in the process of trying to acquire Aer Lingus to expand its stable of carriers, on […]
Airbus Group profit jumps 80 per cent in first quarter
PARIS: European aeronautics giant Airbus Group on Thursday reported an 80 percent increase in first quarter net profits to 792 million euros ($883 million). “We had a good start into 2015, with a solid operational performance and improved cash generation, further supported by asset sales,” said Tom Enders, Airbus Group chief executive in a statement, […]
Coal Scam: Court pulls up CBI for not seizing Naveen Jindal’s passport
New Delhi : A Special Court today rapped CBI for not impounding the passport of Congress leader and industrialist Naveen Jindal, charge sheeted along with 14 others in a coal block allocation scam case, saying the agency cannot adopt a different policy for some of the accused. Special CBI Judge Bharat Parashar also asked the […]
62 toll plazas on national highways, expressways closed
New Delhi: As many as 62 toll plazas on national highways and expressways have been closed by the government after recovery of capital cost and considering public interest, Lok Sabha was informed today. “Government has closed 62 toll plazas after recovery of capital coast and in public interest,” Minister of State for Road Transport and […]