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GAIL (India) Ltd reported a bigger-than-expected 46.3% fall in quarterly profit, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom.

GAIL India's Profit Tumbles On Supply Cut From Former Gazprom Unit

Nov 5, 2022 04:38 PM

2 mins read

GAIL (India) Ltd reported a bigger-than-expected 46.3% fall in quarterly profit, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom.

India Raises Ethanol Purchase Prices For State-Run Fuel Retailers

By Reuters

Nov 5, 2022 04:36 PM

Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline.

JK Tyre Reports 23% Fall In Quarterly Profit On Higher Costs

By Reuters

Nov 5, 2022 04:02 PM

JK Tyre and Industries Ltd posted a 23% fall in its second-quarter profit on Tuesday, hurt by higher input costs.

Festive Demand Drives Up Indian State Refiners Gasoil Sales In October

By Reuters

Nov 5, 2022 03:56 PM

Indian state fuel retailers' diesel sale in October surged from the previous month, indicating a pick up in industrial activity during the peak festive season.

TVS Motor Misses Q2 Profit Estimates On Weak Exports

By Reuters

Nov 5, 2022 02:49 PM

TVS reported a lower-than-expected rise in second-quarter profit, hurt by higher expenses and an economic slowdown in a few of its key markets.

Ola Electric To Participate In 2022 EICMA Motorcycle Show

By Sameer Contractor

Nov 5, 2022 03:01 AM

Ola Electric making its presence felt at EICMA is more likely to do with the brand going global. The company aims to expand sales in markets like Latin America, ASEAN and Europe.

Mahesh Babu Elevated As Global CEO Of Switch Mobility

By Sameer Contractor

Nov 5, 2022 02:42 AM

Dr. Andy Palmer, has stepped down as the Vice Chairman and CEO of Switch Global for person reasons and Babu will be stepping into the role with immediate effect.