Prime headlines: Airtel again in black in This autumn; India loses gasoline subject in Iran


Bharti posts Rs 759 cr revenue

Telecom operator Bharti on Monday reported a consolidated web revenue of Rs 759 crore for the January-March quarter of 2020-21 monetary 12 months.

The corporate had posted a lack of Rs 5,237 crore in the identical interval a 12 months in the past. Read more

India loses ONGC-discovered Farzad-B gasoline subject in Iran

India on Monday misplaced the ONGC Videsh Ltd-discovered Farzad-B gasoline subject within the Persian Gulf after Iran awarded a contract for growing the enormous gasoline subject to a neighborhood firm.

“The Nationwide Iranian Oil Firm (NIOC) has signed a contract value USD 1.78 billion with Petropars Group for the event of Farzad B Fuel Subject within the Persian Gulf,” the Iranian oil ministry’s official service Shana reported. “The deal was signed on Monday, Could 17, in a ceremony held within the presence of Iranian Minister of Petroleum Bijan Zangeneh in Tehran.” Read more

resurgence in India will delay earnings restoration: Moody’s

Moody’s Buyers Service on Monday stated if the second wave of the pandemic doesn’t decline to extra manageable ranges and leads to a chronic and wider lockdowns, it would have a extra extreme impact on firms’ earnings restoration.

It stated the resurgence of infections in India that has led to regional lockdowns will put the brakes on rated firms’ earnings restoration seen in latest months. Read more

Below 5,000 COVID instances in Delhi after 42 days

The nationwide capital reported 4,524 new COVID-19 instances, lowest since April 5, and 340 fatalities on Monday whereas the positivity price dipped to eight.42 per cent, in keeping with the most recent well being bulletin launched by town authorities.

The COVID-19 scenario has been bettering in Delhi with the variety of instances and positivity price taking place steadily up to now few days. Read more

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