Bharat Petroleum Corporation
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Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
•Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults
Pay dues monthly, or will stop fuel supply from 18 October say oil companies to Air India; national carrier owed Rs 5,000 cr in unpaid fuel bills till August
•On 22 August, Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp had stopped fuel supplies to Air India at six airports in the country
Sensex plunges 434 points, Nifty plummets 139 points; rate-sensitive bank, auto, realty stocks fall up to 5% post-RBI rate cut
Fp Staff •The RBI cut repo rate by 25 basis points to 5.15 percent, bringing the cumulative reduction in the interest rate of 135 basis points for this calendar year
Aviation stocks tumble up to 7.2% as crude oil prices hit four-year high of $80 per barrel
•Shares of Spicejet plunged 7.20 percent, Jet Airways tumbled 7.05 percent and InterGlobe Aviation 4.97 percent on BSE.
Indian Oil Corp most profitable PSU for second year in a row; trumps state-run explorer ONGC
•ONGC was for long India's most profitable company but lost the crown to private sector Reliance and TCS three years back.
Costlier fuel: Petrol price hiked by Rs 3.07, diesel up Rs 1.90 per litre
Fp Archives •Petrol price was hiked on Wednesday by Rs 3.07 a litre, reversing its 3-month declining trend, while diesel rates went up by Rs 1.90 per litre.
Petrol price hiked by 64 paise; diesel cut by Rs 1.35 a litre
Fp Archives •Petrol price was on Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.