Top headlines: Airtel back in black in Q4; India loses gas field in Iran

Top headlines: Airtel back in black in Q4; India loses gas field in Iran
Share This :

Bharti posts Rs 759 cr profit

Telecom operator Bharti on Monday reported a consolidated net profit of Rs 759 crore for the January-March quarter of 2020-21 financial year.

The company had posted a loss of Rs 5,237 crore in the same period a year ago. Read more

India loses ONGC-discovered Farzad-B gas field in Iran

India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company.

“The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf,” the Iranian oil ministry’s official service Shana reported. “The deal was signed on Monday, May 17, in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh in Tehran.” Read more

resurgence in India will delay earnings recovery: Moody’s

Moody’s Investors Service on Monday said if the second wave of the pandemic does not decline to more manageable levels and results in a prolonged and wider lockdowns, it will have a more severe effect on companies’ earnings recovery.

It said the resurgence of infections in India that has led to regional lockdowns will put the brakes on rated companies’ earnings recovery seen in recent months. Read more

Under 5,000 COVID cases in Delhi after 42 days

The national capital reported 4,524 new COVID-19 cases, lowest since April 5, and 340 fatalities on Monday while the positivity rate dipped to 8.42 per cent, according to the latest health bulletin released by the city government.

The COVID-19 situation has been improving in Delhi with the number of cases and positivity rate going down steadily in the past few days. Read more

, Top headlines: Airtel back in black in Q4; India loses gas field in Iran, Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Share This :

Leave a Reply