Category: Business

Business

Air India concludes phase 1 of retrofit of old planes

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Air India concludes phase 1 of retrofit of old planes

Air India on Thursday concluded the revamp of 50% of the narrowbody aircraft it inherited after privatisation with 27 A320neo aircraft now featuring upgraded interiors, including new seats, in-flight entertainment systems, carpets, and charging ports. The airline has 27 A320 neos and 23 A320 ceos since before privatisation in its narrowbody fleet used primarily for…

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Bharat Petroleum’s Q2 profit more than doubles YoY fuelled with better refining margins

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Bharat Petroleum’s Q2 profit more than doubles YoY fuelled with better refining margins

Image used for representation purpose only. | Photo Credit: Reuters State-owned refiner Bharat Petroleum’s net profit rose more than two and half times, or by 168.8%, on a year-over-year basis to ₹6,442.53 crore in the second quarter fuelled by better refining margins. Gross refining margins, which is the key indicator for profitability, increased approximately 27%…

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Business

Government’s H1 fiscal deficit stands at 36.5% of full-year target: CGA data

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Government’s H1 fiscal deficit stands at 36.5% of full-year target: CGA data

The Centre’s fiscal deficit stood at 36.5% of the full-year target at the end of the first half of FY26, according to data released by the Controller General of Accounts (CGA) on Friday (October 31, 2025). The fiscal deficit was 29% of the Budget Estimates (BE) of 2024-25 in the first six months of the…

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Impact of crude contamination has been contained, was lower than anticipated: HPCL CMD

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Impact of crude contamination has been contained, was lower than anticipated: HPCL CMD

Hindustan Petroleum’s Chairman and Managing Director (CMD) Vikas Kaushal on Friday (October 31, 2025) said he was not “losing sleep” over Russian crude because it represents 5% of the company’s overall mix and it can get the quantum from other sources. Speaking on a call with investors and analysts, Mr. Kaushal also underlined that crude…

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GAIL India’s net profit falls 17% YoY amid rise in expenses

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GAIL India’s net profit falls 17% YoY amid rise in expenses

Image used for representation purpose only. | Photo Credit: Reuters State-owned gas distributor GAIL (India) Ltd.’s standalone net profits in the second quarter plunged by 17% on a year-over-year basis to ₹2,217.24 crore decelerated by growing expenses. Cumulative expenses of the distributor rose 9.3% YoY to ₹33,000.62 crore during the quarter primarily driven by increase…

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Business

Forex reserves drop $6.9 bn to $695.35 bn

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Forex reserves drop .9 bn to 5.35 bn

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $6.925 billion to $695.355 billion during the week ended October 24, the RBI said on Friday (October 31, 2025). In the previous reporting week, the overall reserves had increased by $4.496 billion to $702.28 billion. For the week ended…

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Business

Rupee ends flat at 88.69 against U.S. dollar

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Rupee ends flat at 88.69 against U.S. dollar

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee pared intra-day losses to settle flat at 88.69 (provisional) against the American currency on Friday (October 31, 2025), as weak domestic equities and a firm US dollar in overseas markets offset the gains from lower crude oil prices. At the interbank foreign…

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Business

Stock markets fall for second day; Sensex drops 466 points on selling in private banking shares

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Stock markets fall for second day; Sensex drops 466 points on selling in private banking shares

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Benchmark Sensex declined by nearly 466 points on Friday (October 31, 2025) in its second straight day of losses following selling in private banks and a weak trend in global markets. The 30-share BSE Sensex tanked 465.75 points or 0.55% to settle at 83,938.71….

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Business

Impact of crude contamination limited and lower than anticipated: Hindustan Petroleum CMD

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Impact of crude contamination limited and lower than anticipated: Hindustan Petroleum CMD

Hindustan Petroleum. File | Photo Credit: Reuters The impact of the recent chloride contamination is not as bad as anticipated and has been contained, Hindustan Petroleum’s Chairman and Managing Director (CMD) Vikas Kaushal stated in an investor call on Friday (October 31, 2025). Speaking to investors following the announcement of their second-quarter results earlier this…

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