State-run Indian Oil Corporation has posted a 45 per cent drop in net profit for the first quarter of the financial year 2017-18 to Rs 4,548.51 crore, as against Rs 8,268.98 crore during the same time last year. Meanwhile, the company’s total income for the April to June quarter of the financial year zoomed 20 […]
Day: August 3, 2017
Oil falls on high OPEC supplies despite lower U.S. crude stocks
Oil prices slipped on Thursday as a rally that had pushed up prices by almost 10 percent since early last week lost momentum despite renewed signs of a gradually tightening U.S. market. Brent crude was down 25 cents at $52.11 a barrel by 0825 GMT. U.S. light crude was 25 cents lower at $49.34. Strong […]
Efforts on to expand Pondy airport runway: Narayanasamy
Efforts were on to expand the runway of the Puducherry airport owing to increased tourist inflow and land has been sought from neighbouring Tamil Nadu, Chief Minister of the Union Territory, V Narayanasamy said today. Speaking to reporters at the airport here on his arrival from Delhi, Narayanasamy said the Puducherry-Hyderabad flight service will be […]
Prices of subsidised LPG zoom 16 per cent since Modi took charge
The prices of subsidised cooking gas zoomed by 16 per cent, from Rs 414 per cylinder when the Bharatiya Janata Party (BJP) government came to power in May 2014 to Rs 479.77 in August 2017, despite global crude oil prices dipping by about 49 per cent. The Narendra Modi-led government had stormed to power in […]