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IOC shows Rs 284 cr Q2 profit on cheaper crude, drop in losses
Riding on lower crude oil prices and a reduced under-recovery, Indian Oil Corporation (IOC), the country’s largest oil marketing company, has reported a net profit of Rs 284 crore for the quarter ended September 30, compared to a loss of Rs 7,047 crore in the corresponding quarter last year. Net sales, however, declined 18.7 per cent to Rs 60,392 crore on account of lower prices of petroleum products.

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Air India cuts fares by 20-46% for next 3 days

Following fare reduction by Jet Airways, national flag carrier Air India has cut fares by 20-46 per cent on certain flights on select domestic routes for travel up to September 18. - Domestic air traffic stabilises - Govindraj Ethiraj: The fear of a PSU called Jet Airways">Govindraj Ethiraj: The fear of a PSU called Jet Airways - Domestic air traffic stabilises - Air India signs pact with Singapore Airlines - We haven"t hiked fares: AI - Air India says no hike in fares despite Jet strike Air India will charge an all-inclusive fare of Rs 2,729 on eight flights from Mumbai to Delhi and seven flights from Delhi to Mumbai till September 18. Similarly, the carrier will charge Rs 3,229 on two flights each on Delhi-Bangalore and Bangalore-Delhi routes. The fare on three flights from Delhi to Chennai and two flights from Chennai to Delhi would be Rs 3,079. The carrier will charge Rs 1,929 for all flights between Delhi and Srinagar and Rs 3,079 for all flights between Nagpur and Mumbai. On two flights from Kolkata to Mumbai, the all-inclusive fare would be Rs 3,529 for the period. For all flights between Delhi and Hyderabad, the fare would be Rs 3,329.


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