(Reuters) – Occidental Petroleum Corp on Monday surpassed Wall Street expectations by reporting a smaller first-quarter loss than a year ago, boosted by earnings from chemicals and oil exports. The company benefited from a rebound in oil prices, up about 23% during the first quarter, as fuel demand recovered after being decimated last year by […]
Day: May 11, 2021
Govt names new chairman of privatisation-bound Bharat Petroleum Corp
Government-headhunter PESB on Monday selected the next chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), in signs that the privatisation of the state-owned oil refining and marketing firm may be delayed. The government had kept the position of chairman and managing director vacant after D Rajkumar retired in August last year. It was […]
JSW Hydro Energy raises $707 million in debut 10-year green bond issue
JSW Hydro Energy’s debut green bond issue was subscribed 4x and closed at a much lower rate than initially guided, on Monday. Its $707-million 10-year green bond saw a fair amount of investor interest, even as foreign investors cut down their overall positions on Indian debt. The initial price guidance was at 4.5 per cent […]
Coronavirus-hit IndiGo to raise Rs 3,000 crore through QIP
The board of private carrier IndiGo has approved raising upto Rs 3,000 crore through a Qualified Institutions Placement (QIP) process, the company said in a stock exchange notification on Monday. “.Board of Directors of InterGlobe Aviation Limited (the “Company”), at its meeting held today, i.e., May 10, 2021, has approved the raising of funds for […]
Vistara to start Delhi-Tokyo flights from Jun 16 under air bubble agreement
Vistara said on Monday it will start flights on the Delhi-Tokyo route from June 16 under the air bubble arrangement formed between India and Japan. The airline will fly once a week between the two capital cities, said its statement. Vistara’s announcement comes at a time when India and its aviation sector have been badly […]
Air India cancels Covid-19 vaccination camp due to shortage of vaccines
State-owned airline Air India has cancelled its proposed vaccination drive tomorrow due to shortage of vaccines. The Covid-19 vaccination drive, which was supposed to be held on 11th and 13th of May, was cancelled at last moment. India is facing a severe vaccine shortage as it battles a second wave of the Covid-19 pandemic. “The […]