Pradesh Congress Committee (PCC) president Niranjan Patnaik on Wednesday alleged that both the BJP and the BJD Governments have tortured Odia people by doubling taxes on petrol and diesel during the last four years.
Category: Business Line
Business Line
Oil India raises $550 million in overseas bond offering
Oil India (OIL) has raised $550 million in an overseas bond offering, creating new milestones for Indian securities in the international capital markets. The dollar denominated 10-year bond offering comes with an annual coupon of 5.125 per cent. The bonds are rated ‘Baa2’ by Moody’s and ‘BBB’ by Fitch.
IOC shares drop over 2% after Q3 results
Shares of Indian Oil Corp (IOC) on Wednesday fell over 2 per cent after it reported 91 per cent plunge in net profit for the December 2018 quarter. The scrip declined 2.07 per cent to close at Rs 134.65 on the BSE. Intra-day, it dropped 3.49 per cent to Rs 132.70. On the NSE, shares […]
Changing global dynamics: Time for India to strengthen crude oil import policy, say experts
American sanctions on Venezuelan stated-owned oil firm PDVSA may not have a direct impact on India’s import mix, but it sure is a signal of changing geo-political dynamics and its implications on the oil market.
IndianOil Q3 profit crashes 91%
Indian Oil Corporation Limited has reported a Rs. 716.82-crore net profit for the third quarter of financial year 2018-19. This is a 90.91-per cent fall compared to the Rs. 7,883.22-crore net profit reported during the corresponding quarter of previous fiscal.
IndianOil Q3 profit plunges on inventory losses, poor margins
Indian Oil Corporation has reported a Rs. 716.82-crore net profit for the third quarter of FY19. This is a 90.91 per cent fall compared to the Rs. 7,883.22-crore profit reported in Q3 FY18.
Just 4% of LPG users have given up subsidies
Of the 24.72 crore active LPG domestic customers, just 1.03 crore, or 4 per cent, have responded to Prime Minister Narendra Modi’s appeal to voluntarily give up their LPG subsidy.
JSW Energy Q3 net more than doubles to Rs. 146 crore
JSW Energy Limited has reported its consolidated net profit for the third quarter ended December 31 has almost tripled to Rs. 146 crore from Rs. 46.8 crore in the corresponding period last year.
Vikram Solar to double production capacity
Vikram Solar is planning to double its manufacturing capacity, but will wait for ‘some key messages’ from the Central government in terms of policy support before embarking on its expansion plans.
Samsung R&D Centre in Bengaluru switches to solar power through energy wheeling
Samsung’s R&D centre in Bengaluru has switched to solar power for its campus in the IT capital of India.
NTPC Q3 net almost flat at Rs. 2,385 crore
NTPC Limited has reported a Rs. 2,385.41-crore net profit for the third quarter of financial year 2018-19. This is 1.04 per cent higher than the Rs. 2,360.81-crore profit reported by the company in the same quarter last fiscal.
Divestment process for Air India subsidiary likely to begin in 10 days
The Preliminary Information Memorandum for the sale of Air India Transport Services Limited (AITSL), a subsidiary of Air India, is likely to be issued within the next 10 days, said a senior government official on Wednesday.