Indian Oil Corporation (IOC) on Monday reported a 19 per cent growth in third quarter net profit as the rise in refining margins negated the fall in marketing margins for keeping petrol and diesel prices unchanged despite rise in cost. Net profit of Rs 5,860.80 crore in October-December 2021 was 19.2 per cent higher than […]
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BPCL Q3 consolidated net rises 48% to Rs 2,805 cr, revenue rises by 35%
Bharat Petroleum Corporation (BPCL) has reported 48 per cent spurt in consolidated net profit of Rs 2,805.09 crore for the quarter ending December 31, 2021, from Rs 1,900.63 crore reported in the comparable months of the previous financial year. Revenue from operations during the period under review surged 35 per cent to Rs 117,702.59 crore, […]
Hindustan Petroleum Q3 net profit drops 63% on inventory loss
Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a 63 per cent decline in third quarter net profit as it booked inventory losses. Net profit in October-December of Rs 869 crore compared with Rs 2,355 crore for the same period last year. “The profit was affected primarily due to the price fluctuations in Q3 2021 […]
Joe Biden to meet Qatar leader today as Europe energy crisis looms
President Joe Biden is hosting the ruling leader of Qatar at the White House on Monday as he looks for the gas-rich nation to step up once again to help the West as it faces the prospect of a European energy crunch if Russia further invades Ukraine. Qatar played a central role in aiding last […]
Godawari Power and Ispat Q3 net profit doubles to Rs 337 crore
Godawari Power and Ispat Ltd (GPIL) on Monday reported an over two-fold jump in net profit at Rs 336.87 crore for the quarter ended December 31, 2021. In the year-ago quarter, the company’s “net profit from ordinary activities after tax” stood at Rs 166.36 crore. Total income from operations was at Rs 1,614.66 crore during […]
Delhi airport implements one-hand bag rule with some exceptions
With some exceptions, Delhi airport implemented the rule which allowed a domestic passenger to carry only one piece of luggage or handbag as cabin luggage. A Delhi airport official informed that the following advisory from Central Industrial Security Force (CISF) and Bureau of Civil Aviation Security (BCAS), only one piece of hand baggage is permitted […]
Air travel likely to become better and cheaper
NEW DELHI: Domestic aviation is set to witness a price war, where passengers will benefit from competitive pricing in the coming months. While Air India, under the new regime, has already started the trend, two formidable players including Akasa Air and Jet Airways are scheduled to take off in the next few months offering more […]
Tata Power Central Odisha Distribution initiates e-bill payment on WhatsApp
BHUBANESWAR: Tata Power Central Odisha Distribution Ltd (TPCODL) has enabled WhatsApp billing services to provide a convenient, safe and seamless payment experience to its consumers. In order to ensure that the consumers can easily activate the WhatsApp billing service, the company has initiated multiple options including including both online and offline modes. TPCODL has rolled […]
Need to balance interest of consumers, discoms, says APERC
VIJAYAWADA: The Andhra Pradesh Electricity Regulatory Commission (APERC) has strongly felt the need to balance the interest of consumers and discoms and focus on a consumer-centric approach in the power sector, and improve the financial stability and operational efficiency of discoms for ensuring quality and reliable power supply 24×7 to consumers. On the eve of […]
Kochi airport retains third spot in international passenger traffic
KOCHI: Kochi airport retained its spot as the third busiest airport in India in 2021 owing to its efforts that ensured smooth traffic and enhanced connectivity during the pandemic. As per the latest statistics released by the Airports Authority of India (AAI), the airport ranked third in the country in terms of international traffic in […]
Emirates introduces first class services to Thiruvananthapuram
THIRUVANANTHAPURAM: UAE-based airline Emirates has announced it will introduce first class services on the Dubai to Thiruvananthapuram route beginning February 3. The airline is currently the first and only international carrier to serve Thiruvananthapuram with first class services – offering customers superior products, services and comfort in air and on ground. Emirates will deploy its […]
Standoff between NHAI, geology dept delays NH 66 bypass commissioning
THIRUVANANTHAPURAM: The standoff between the National Highways Authority of India (NHAI) and the state Department of Mining and Geology has affected the development work of Mukkola-Karode NH-66 bypass. The Geology Department had denied permission to NHAI for undertaking construction work during the night. Though the NHAI had written a letter to District Collector Navjot Khosa […]