Bharti Airtel posts Rs 759 cr benefit
Telecom administrator Bharti Airtel on Monday announced a combined net benefit of Rs 759 crore for the January-March quarter of 2020-21 monetary year.
The organization had posted a deficiency of Rs 5,237 crore in a similar period a year prior. Understand more
India loses ONGC-found Farzad-B gas field in Iran
India on Monday lost the ONGC Videsh Ltd-found Farzad-B gas field in the Persian Gulf after Iran granted an agreement for fostering the goliath gas field to a neighborhood organization.
"The National Iranian Oil Company (NIOC) has marked an agreement worth USD 1.78 billion with Petropars Group for the advancement of Farzad B Gas Field in the Persian Gulf," the Iranian oil service's true news administration Shana revealed. "The arrangement was endorsed on Monday, May 17, in a function held within the sight of Iranian Minister of Petroleum Bijan Zangeneh in Tehran." Read more
Covid resurgence in India will defer profit recuperation: Moody's
Moody's Investors Service on Monday said if the second rush of the pandemic doesn't decrease to more reasonable levels and results in a drawn out and more extensive lockdowns, it will have a more extreme impact on organizations' profit recuperation.
It said the resurgence of Covid contaminations in India that has prompted local lockdowns will slow down appraised organizations' income recuperation found as of late. Understand more
Under 5,000 COVID cases in Delhi following 42 days
The public capital announced 4,524 new COVID-19 cases, least since April 5, and 340 fatalities on Monday while the inspiration rate plunged to 8.42 percent, as per the most recent wellbeing notice delivered by the regional government.
The COVID-19 circumstance has been improving in Delhi with the quantity of cases and energy rate going down consistently in the previous few days. Understand more
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