Shares of Indraprastha Gas (IGL) were up 3 per cent to Rs 301 apiece on BSE in the early morning trade on the expectation of healthy performance during the quarter. The state-owned company is scheduled to announce its October-December 2018 quarter (Q3FY19) results on Wednesday, February 6, 2019.
Day: February 5, 2019
BPCL seeks liquidation of Essar Steel
AHMEDABAD: Bharat Petroleum Corp Ltd (BPCL) today sought the liquidation of the assets of Essar Steel India Ltd at a bankruptcy court. The public sector oil company objected to ArcelorMittal’s resolution plan, which, it said, sidestepped dues to operational creditors like BPCL.
Curious case of Norway’s 60 mn barrels of missing oil and shrinking bounty
Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.
EVs will get more efficient: Mahindra Electric CEO Mahesh Babu
Mahindra Electric Mobility Ltd vehicles completed 100 million e-kilometres in mid-January. Mahesh Babu, CEO, Mahindra Electric, speaks about the present and future of electric cars in India. Edited excerpts from an interview:
Another twist in Essar Steel case as BPCL seeks its liquidation at NCLT
In a yet another turn to the insolvent Essar Steel Ltd (ESL) case, one of its operational creditors (OCs), Bharat Petroleum Corporation Limited (BPCL), on Monday sought the steelmaker’s liquidation at the National Company Law Tribunal (NCLT)’s Ahmedabad bench.
Odisha electrifies 2.2 million more households, achieves ‘Power for All’
The Odisha government has completed electrification of 2.2 million more households in this fiscal, ramping up the count of electrified households in the state to 9.6 million.
Tata Power seeks to tap Delhi EV charging
New Delhi: Tata Power Co. is seeking to set up electric vehicle chargers in the Indian capital, a company official said, as one of the most polluted cities on earth plans an ambitious push toward cleaner vehicles.
SpiceJet to start Hyderabad-Jeddah flight from 25 March
NEW DELHI: SpiceJet on Monday said it will start a daily non-stop flight between Hyderabad and Jeddah from 25 March .
NCLAT dismisses Tata’s appeal in Bhushan Power case
NEW DELHI: Tata Steel Ltd suffered a setback on Monday when the National Company Law Appellate Tribunal (NCLAT) dismissed a petition by the steel giant that alleged that the committee of creditors (CoC) for Bhushan Power and Steel Ltd (BPSL) allowed rival JSW Steel Ltd to change the basic parameters of its bid despite Tata […]
Petrol price up by ₹2, diesel by ₹3 this year. 5 things to know
With crude oil rates rebounding on OPEC-led supply cuts, petrol and diesel prices have shot up by ₹2 and ₹3, respectively, since the beginning of this year. Amid volatile trading in crude oil, the price of petrol was cut by 15 paise and that of diesel by 10 paise today by state-run oil firms.
Oil hits 2019 high near $64 on Venezuela sanctions, OPEC
LONDON: Oil hit a two-month high close to $64 a barrel on Monday as OPEC-led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
EU suspends Turkmenistan Airlines from UK, Indians lose a budget route
The UK government on Monday announced that the European Union (EU) has suspended Turkmenistan Airlines flights over safety concerns, affecting budget flights that operate from India.