Despite spiralling crude oil prices, state-run oil marketing companies have refrained from hiking the price of petrol and diesel during the last 15 days. Fuel prices were last increased on January 22 and after remaining constant for about a week, the price graph has only moved down. The price of petrol was decreased by 15 […]
Category: Live Mint
Live Mint
India considers prepaid power as $5.7 billion of unpaid dues pile-up
New Delhi: India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial stress at generators.
GAIL Q3 profit soars 33%, beats estimate
Bengaluru: State-owned gas distribution company GAIL (India) Ltd on Tuesday reported a 33.2% jump in third-quarter profit, beating market estimate, buoyed by a surge in revenue from its natural gas marketing segment.
HPCL Q3 net profit drops 87% on inventory losses, lower refinery margins
NEW DELHI: Hindustan Petroleum Corp Ltd (HPCL) Tuesday reported an 87% drop in net profit to ₹248 crore in the December 2018 quarter, owing to inventory losses and lower refinery margins.
SpiceJet announces four-day mega sale on select routes
NEW DELHI: SpiceJet announced a four-day mega sale on Tuesday during which a passenger can book an all-inclusive ticket on a short-haul domestic route for as low as ₹899.
Govt asks HPCL to list ONGC as co-promoter, HPCL seeks more clarifications
NEW DELHI: 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.
PMO holds meeting to speed up strategic sale of PSUs
NEW DELHI: The Prime Minister’s Office (PMO) Tuesday held a meeting to work out steps to expedite the strategic sale of PSUs identified by government think-tank Niti Aayog, a senior official said.
State to ready DPR on making Bidar-Srirangapatna NH four-lane
The State government will soon prepare a Detailed Project Report (DPR) on upgrading the Bidar-Srirangapatna National Highway to a four-lane and submit it to the Centre, Minister for Public Works H.D. Revanna said.
Why oil remains central to India’s twin deficits
The Union Budget 2019-20 has expectedly shown a slip in the fiscal deficit, at an estimated 3.4% for the current, as well as the next fiscal year. The breach in the reported deficit numbers has, however, been lower than what many had feared, partly owing to optimistic revenue assumptions.
ONGC Videsh looks to pare stake in one of its costliest acquisitions
NEW DELHI: State run-ONGC Videsh Ltd (OVL) is exploring the transfer of its stake in Imperial Energy Corp. Plc’s Siberian deposits to a Russian firm to reduce potential losses from the $2.1-billion acquisition, said a person aware of the development.
BPCL seeks liquidation of Essar Steel
AHMEDABAD: Bharat Petroleum Corp Ltd (BPCL) today sought the liquidation of the assets of Essar Steel India Ltd at a bankruptcy court. The public sector oil company objected to ArcelorMittal’s resolution plan, which, it said, sidestepped dues to operational creditors like BPCL.
EVs will get more efficient: Mahindra Electric CEO Mahesh Babu
Mahindra Electric Mobility Ltd vehicles completed 100 million e-kilometres in mid-January. Mahesh Babu, CEO, Mahindra Electric, speaks about the present and future of electric cars in India. Edited excerpts from an interview: