Indraprastha Gas rose 2.19% to Rs 305 at 10:01 IST on BSE after the company reported 19.33% rise in net profit to Rs 197.99 crore on 28.82% rise in total income to Rs 1548.74 crore in Q3 December 2018 over Q3 December 2017.
Day: February 7, 2019
Over 4 lakh applications received for 78,500 petrol pump 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.
Jet introduces staggered penalty framework for domestic network
Private airline Jet Airways on Wednesday introduced a staggered framework to reward its domestic guests with substantially lower penalties in exchange for advanced intimation for changes in their bookings including cancellations, changes.
India is world’s second largest LPG consumer and importer
The government, he said, has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature.
Oil rises one percent on signs of tightening global oil supply
NEW YORK (Reuters) – Oil prices rose about 1 percent on Wednesday, boosted by signs of strong U.S. demand for distillate products and tightening global crude supply, but gains were capped by a rising U.S. dollar and ongoing concerns about a global economic slowdown.
GAIL terminates contracts with crisis-ridden IL&FS
GailNSE -0.68 % (India) Ltd has terminated pipe laying contracts to financially-troubled IL&FS and awarded these to new contractors to speed up construction of the Prime Minister’s pet pipeline project that would take natural gas to much of eastern India via his constituency Varanasi
Essar Oil UK Group acquires BP’s pipeline, terminal linked to Stanlow refinery
Essar OilNSE -0.04 % UK has acquired BP’s stake in the pipeline and terminal assets connected to Stanlow Refinery to boost outbound logistics and enter new markets in the British Midlands.
Oil falls as U.S. maintains record output, inventories climb
SINGAPORE (Reuters) – Oil prices fell on Thursday after U.S. crude inventories rose and as production levels in the country held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets.
BIAL inaugurates 3.35 MW rooftop solar power plant
Bengaluru: Bangalore International Airport Limited (BIAL) – operator of the Kempegowda International Airport — on Wednesday inaugurated its rooftop solar power project. This solar plant will generate 3.35 MW of power
European airport passenger number hits 2.34 bn: ACI
The number of people using European airports set a record last year but growth slowed compared with 2017, the Airports Council International Europe (ACI) said Wednesday.
Qantas cancels order for eight Airbus A380s amid doubts on jet’s future
Australia’s Qantas Airways Ltd said on Thursday it formally cancelled a longstanding order for eight Airbus SE A380 superjumbo jets.
GoAir plane returns to Ahmedabad after mid-air engine snag: Report
A GoAir aircraft flying to Kolkata Wednesday experienced problems with Pratt & Whitney engine and returned to Ahmedabad, according to a source.