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BHP Group FY21 Underlying Attributable Profit Rises; Announces Petroleum Merger With Woodside

BHP Group PLC (BHP.AX,BLT.L,BBL,BHP) reported a strong underlying operational performance in fiscal year 2021. BHP announced the combination of Woodside (WOPEF.PK,WOPEY.PK,WPL.AX) and BHP’s oil and gas business. BHP also plans to unify its corporate structure under existing Australian parent company to reduce duplication and streamline governance and internal processes. Under an all-stock merger, BHP’s oil and gas business would merge […]

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Hydrogen-powered vehicles: A realistic path to clean energy?

Fox Business Flash top headlines for August 13 Check out what’s clicking on FoxBusiness.com. Each morning at a transit facility in Canton, Ohio, more than a dozen buses pull up to a fueling station before fanning out to their routes in this city south of Cleveland. The buses — made by El Dorado National and owned by the Stark Area […]

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‘Banking, financial, insurance sector to hire 3 lakh this fiscal’

‘Broking firms expected to recruit 35,000 people in metros’ The Indian Banking, Financial Services and Insurance (BSFI) sector is quite bullish on the outlook and would be hiring at least three lakh people in the current fiscal in contrast to the ‘bare minimum’ recruitment it witnessed in the previous year, industry observers said. Boom in activity Interestingly, financial activities among […]

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Otis unveils online booking and sale of elevators in India

According to the company, its Gen2 Prime elevator, priced starting little less than ₹8 lakh, covers the low-rise building segment across India including individual houses. Otis India has announced the introduction of booking and sale of elevators online in India. The company on Monday, August 9, said it has unveiled a digital portal to enable its customers to book its […]

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Chemplast to spend ₹620 crore on expansion

Firm to raise ₹3,850 cr. via IPO, OFS City-based Chemplast Sanmar Ltd. will spend ₹620 crore on expansion and development over a period of two to three years, according to a top official. “All our manufacturing units are in Tamil Nadu as it offers best investment climate. We have a strong position in the South with respect to manufacturing and […]

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Walmart, Disney announce new COVID-19 steps amid Delta surge

The moves come as U.S. officials redouble efforts to encourage more vaccinations in response to the highly contagious Delta variant of COVID-19. Walmart announced Friday it is again requiring some American employees to wear face masks, while Disney mandated non-union US employees get vaccinated. The moves come as U.S. officials redouble efforts to encourage more vaccinations in response to the […]

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NPCI arm to extend BHIM UPI payments system to Bhutan

The collaboration between NIPL and RMA will enable acceptance of Unified Payments Interface (UPI) powered BHIM app in Bhutan NPCI International Payments Ltd. (NIPL), the international arm of National Payment Corporation of India (NPCI) has announced a partnership with Royal Monetary Authority (RMA) of Bhutan for enabling and implementing BHIM UPI QR-based payments in Bhutan. The collaboration between NIPL and […]

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Ola Electric signs pact to raise $100 million in long-term debt

The 10-year debt of $100 million is towards the funding and financial closure of phase I of Ola Futurefactory — its global manufacturing hub for electric two-wheelers, a statement said. Ola Electric on July 12 said it has signed a $100 million (about ₹744.5 crore) 10-year debt financing agreement with Bank of Baroda. The 10-year debt of $100 million is […]

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DCC clears backhaul satellite connectivity via VSAT for telecom services; ₹19,041 cr BharatNet tender: DoT Secy

“DoT (Department of Telecom) will come out with the tender for the PPP mode rollout of BharatNet in 16 states in seven days,” Mr. Prakash said. The Digital Communications Commission (DCC), formerly the Telecom Commission, has cleared a provision of using satellite connectivity in telecom networks through VSAT terminal to provide services in remote areas where it is difficult to […]

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