While only half of this fiscal’s estimated disinvestment revenue of Rs 80,000 crore has so far been garnered, a robust pipeline of transactions, including a large PSU-to-PSU deal and about half a dozen buybacks by PSUs, will ensure that the target be met without too much reliance on private/retail investors in the remainder of the […]
Category: The Financial Express
The Financial Express
Qatar and European Union agree ‘landmark’ airline deal
Qatar Airways and European Union officials announced Tuesday that they had concluded talks on a “landmark” deal which could allow more European airlines to operate services to and from Doha.
Boeing makes ‘significant investment’ in supersonic jet developer Aerion
Boeing Co said on Tuesday it had made a significant investment in supersonic business jet developer Aerion, as the world’s biggest planemaker looks to tap into rising demand for high-end aircraft that can reduce travel time.
GAIL reports 14.35% sequential decline in Q3 net at Rs 1,681.23 crore
Gas utility Gail (India) on Tuesday reported 14.35% sequential decline in net profit during the quarter ended December 2018 despite registering a 33% year-on-year (y-o-y) profit rise, riding on the increasing demand for natural gas in the country.
HPCL Q3 net falls 87% to Rs 248 crore on inventory loss
Inventory losses and lower refinery margins affected finances of state-run Hindustan Petroleum Corporation (HPCL), which on Tuesday announced a 87% year-on-year (y-o-y) fall in net profit to Rs 248 crore during the December 2018 quarter. The comparable figure a year ago was Rs 1,950 crore.
Suzlon Energy shares hit new low, tank 24% on default rumours
Wind turbine manufacturer Suzlon Energy’s shares touched a record low of Rs 2.70 a piece on Tuesday on the BSE on rumors that the company may default on its FCCB payments due in July. Shares closed the day 24% down from the previous close at Rs 3.63. The rumours were denied by the company as […]
Delhi government launches ‘zero fatality corridor’ project on Burari-Bhalaswa stretch
The Delhi government Monday launched its annual road safety action plan rolling out a ‘zero fatality corridor’ project for reducing the number of fatal incidents on the outer ring road stretch between Burari and Bhalaswa Chowk.
Say goodbye to disruptions, flight cancellations due to fog at Bengaluru’s Kempegowda International Airport!
No more flight delays, cancellations due to fog at Kempegowda International Airport in Bengaluru! In a sigh of relief, passengers and travellers flying in and out of this Karnataka airport may soon witness no more delays or cancellations of flights. The menace of fog disruptions may no longer haunt the flyers as Bangalore International Airport […]
Kolhapur Airport to get a new terminal building, ATC tower! Boost for UDAN flights to Mumbai, Bengaluru
Kolhapur Airport (KLH) gets an infrastructure boost! Union Civil Aviation Minister Suresh Prabhu recently laid the foundation stone for a new terminal building and ATC Tower at Kolhapur Airport in Maharashtra. The new terminal, which will be built at a cost of Rs 275 crore, will be located in a sprawling area of 3900 sqm. […]
Oil holds gains on signs of shale slowdown as OPEC output falls
Oil held gains near a two-month high after data showed U.S. production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.
Oil hits 2019 high above $63 on Venezuela sanctions, OPEC
Oil hit a two-month high above $63 a barrel on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
Oil prices slide as US reserves swell, factory orders disappoint
Oil fell the most in a week amid reports of swelling crude stockpiles and disappointing economic activity in the U.S.