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under recoveries push hpcl bpcl into losses

Under-recoveries push HPCL, BPCL into losses

NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.HPCL reported a...
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EU antitrust regulators clear Paramount-WBD merger

European Union antitrust regulators said on Wednesday they had signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery. The approval, which included concessions made by Paramount, comes as the deal has been delayed in the U.S. due to concerns raised by state attorneys general. A Paramount spokesperson didn’t immediately respond to comment. In...
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