BPCL pays Rs6,665-crore dividend to govt in FY21

New Delhi: The government has received a final dividend of Rs 6,665 crore from privatisation-bound Bharat Petroleum Corporation Ltd for the 2020-21 fiscal, DIPAM Secretary said on Wednesday. This includes special dividend on account of gains especially on sale of BPCL’s stake in Numaligarh Refinery in March 2021, DIPAM Secretary Tuhin Kanta Pandey tweeted. PTI

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Beijing
US orders China Telecom unit to halt operations

US regulators are expelling a unit of China Telecom from the American market as a national security threat amid rising tension with Beijing. China Telecom (Americas) Corp. is required to stop providing domestic interstate and international service in the US within 60 days, under an order approved Tuesday by the Federal Communications Commission. AP

New Delhi
Titan Company logs nearly four-fold jump in Q2 profit

Tata Group firm Titan Company on Wednesday reported nearly four-fold jump in consolidated net profit at Rs 641 crore for September quarter on the back of strong demand recovery across its consumer businesses. Total income in the quarter stood at Rs 7,548 crore as against Rs 4,601 crore in the year-ago period, it added. PTI

New Delhi
Policybazaar parent firm’s IPO to open on Nov 1

PB Fintech, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, on Wednesday fixed a price band of Rs 940-980 a share for its Rs 5,710-crore initial share sale, which will open on November 1. PTI