Hindustan Oil Exploration Company (HOEC) companies 

From Mumbai offshore wells, HOEC begins oil production and gas sales

On June 8, Hindustan Oil Exploration Company (HOEC) announced that oil production and gas sales from Mumbai offshore wells D-1 and D-2 had begun. The business started in a stock market statement that both wells – D-1 and D-2 – had been brought online for production after successfully resolving technical concerns encountered during pre-commissioning activities. From ONGC’s gas processing plant in Hazira, the firm has begun selling gas to Gujarat State Petroleum Corporation (GSPC). The firm exports processed gas to its Hazira gas processing station via the ONGC pipeline network.…

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Tatas get control of Air India after 7 decades companies 

Tatas get control of Air India, after 7 decades

The Tata Group on Thursday regained ownership of Air India, 69 years after the airline was nationalised. The salt-to-software conglomerate promised to turn the loss-making carrier into a world-class airline. The handover has come as a culmination of the government’s attempt to transfer the ownership of the loss-making airline to a private owner. The airline never made profit since its merger with Indian Airlines in 2007-08 and reported a loss of Rs 7,017 crore in FY21. The acquisition gives Tatas 100 per cent ownership in Air India, its low-cost subsidiary Air India Express and…

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Zepto races to $570 mn valuation, says median delivery time is 8:24 min companies 

Zepto races to $570 mn valuation, says median delivery time is 8:24 min

By Administrator_India Capital Sands Quick commerce platform Zepto, which was launched five months back by two teenage Stanford dropouts, has raised $100 million in its Series C round at a valuation of $570 million. The company said that its last funding round of $60 million was 45 days back and its valuation has doubled since then. Aadit Palicha, CEO and co-founder of Zepto, told Business Standard, “Our median delivery time is 8 minutes 24 seconds and our average order values are 20-30 per cent higher than that of food delivery companies. We are…

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