NEW DELHI: Shares of Hindustan Petroleum Corporation (HPCLNSE 1.47 %) traded in negative territory in Tuesday’s session, ahead of its December
Day: February 6, 2019
GAIL profit likely to fall sequentially; trades in red
NEW DELHI: State-run GAIL is expected to report a tepid set of numbers in December quarter results on a sequential basis. GAIL has been hurt by lower contribution from its gas marketing segment in the wake of adverse economics
BHEL Q3 profit jumps 25%, but stock down 9%
NEW DELHI: State-run Bharat Heavy ElectricalsNSE -0.68 % (BHEL) reported a 25.30 per cent year-on-year (YoY) and 3.66 per cent quarter-on-quarter (QoQ) jump in standalone profit at Rs 191.95 for the quarter ended December 31
Suzlon Energy falls 43% on fears of loan default
Mumbai: Suzlon EnergyNSE 1.39 % tumbled as much as 43 per cent on the BSE on Tuesday on speculation the company has defaulted on its loans. The stock cut a portion of its losses, ending 23.6 per cent lower, after the renewable energy manufacturer, which has one of the highest retail shareholder base
HPCL seeks more clarifications from govt before listing ONGC as co-promoter
The government has asked Hindustan Petroleum Corp Ltd (HPCL) to add ONGC as its co-promoter but the oil refining company has sought further clarifications before adhering to the direction, a top company official said.
Suzlon Energy stock plunges more than 24% on debt default rumours
The stock of renewable power solutions provider Suzlon Energy plunged more than 24 per cent on Tuesday on debt default rumours. This forced the management to issue a statement denying any debt default or invocation of pledged promoter shares.
Suzlon jumps 6% on management clarification
NEW DELHI: Shares of Suzlon EnergyNSE 1.39 % jumped nearly 6 per cent on Wednesday morning after the firm clarified yesterday that it has been regular in servicing its debt obligations including servicing obligations towards banks and
Torrent Power net profit rises over 15% to Rs 238.19 crore in Q3
Torrent Power posted a 15.63 per cent jump in consolidated net profit to Rs 238.19 crore in the December 2018 quarter.
Namma Airport turns to Scientist CNR Rao’s Research Centre for Solution to Fog Problem
BENGALURU: Waiting for hours due to a fog-related flight disruption has become the norm at the Kempegowda International Airport. Over the last few weeks, at least 444 flights were delayed, causing inconvenience to thousands of early
Government mulls shutting Air India arm hotel corporation
As part of its plan to restructure Air India, the government is discussing a plan to wind up Hotel Corporation of India (HCI), a loss-making subsidiary of the national carrier that has hotels in New
India becomes world’s 2nd largest LPG consumer after government’s Ujjawla push
NEW DELHI: The government’s push to provide clean cooking fuel to every household has turned India into the world’s second largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said Tuesday. Speaking at the Asia
Over 4 lakh applications received for 78,500 petrol dealerships
More than four lakh applications have come in for 78,500 dealerships that staterun oil companies are seeking to appoint across the country, a sign that Indian entrepreneurs still love the the idea of running filling stations, a business that offers sustained cash flow at little risk.