Hindustan Petroleum Corp. Ltd (HPCL) reported an 87% drop in its net profit for the December quarter, which the markets welcomed by sending its shares up 4%. What’s going on? The relatively small profit of ₹248 crore, it turns out, was far better than the Street’s estimate of a small loss.
Day: February 7, 2019
Essar acquires stakes in BP’s oil terminals, pipeline to expand in UK
Essar Oil UK, part of the Ruias’ Essar Group, on Wednesday said it has acquired stakes in two terminals and one pipeline from BP Plc to expand its business in the UK.
Actis plans new firm for renewable assets
Private equity fund Actis LLP plans to set up a new firm to house its operational renewable energy assets in India, attracted by the nation’s growing green economy.
Suzlon’s falling fortunes: M-cap tanks 97% in 10 years, promoter stake down to 19%
Once a darling of Dalal Street, shares of Suzlon EnergyNSE 3.90 % have by now eroded 97 per cent of investor wealth from their all-time high of Rs 448 scaled on January 9, 2008. On Tuesday, the stock witnessed a major selloff amid rumours
Share market update: OMCs trade in the green; HPCL climbs 3%
NEW DELHI: Most OMCs were trading in the green in Wednesday’s afternoon session.
Reliance Infra, Reliance Power among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 135.68 points up at 37,110.91 on Thursday on account of buying in frontline bluechip counters.
Get ready to pay up to 25% more for flying in and out of Mumbai
NEW DELHI: Flying in and out of Mumbai on Tuesdays, Thursdays and Saturdays till March 30, 2019, is going to cost anywhere up to 25% more than regular fares. The Mumbai airport will see no flight movement between 11am and 5am on these days till March-end, except March 21, (Thursday, when it will operate full […]
Jet Airways pilots discuss airline’s current situation; may take final call on salary payment delays in March
NEW DELHI: Pilots of crisis-hit Jet AirwaysNSE 0.74 % this week discussed the current situation and are likely to take a final call next month in case the airline fails to adhere to the timeline set
GoAir plane suffers P&W engine problem
NEW DELHI: A GoAir aircraft flying to Kolkata Wednesday experienced problems with Pratt & Whitney engine and returned to Ahmedabad,
Flight operations suspended at Srinagar airport
Srinagar: Flight operations were suspended on Thursday at the Srinagar airport due to poor visibility and
Flyers to take big hit as Jet Airways revises refund rules
MUMBAI: Jet AirwaysNSE 0.78 % will introduce a new fee structure for changes or cancellations made on tickets from Thursday. It will be the steepest penalty structure in the Indian airline industry.
Coal supplies to power plants up 7.3%: Coal ministry
Coal IndiaNSE 1.55 % has supplied 407.02 million tonnes coal to power sector in the current year, a growth of 7.3% over the same period last year, a statement issued by the coal ministry said.