Corporate Radar: Finolex Cables, Glenmark Life, IGL to trade ex-dividend; BEL bonus issue and more
Besides, Bharat Electronics and Rajnandini Metal shall trade ex-bonus for 2:1 and 1:2 bonus share issuances, respectively. Also, the rights issue for Libas Consumer is lined up for today as part of which the company shall offer the right to buy 1 share for every 2 shares held at Rs 21 per share.
Feeding the world’s coal addiction is more profitable than ever
No. 1 producer Coal India Ltd.s profit nearly tripled, also to a record, while the Chinese companies that produce more than half the worlds coal saw first-half earnings more than double to a combined $80 billion.
BPCL unit's $1.6-billion investment in Brazilian oil block okayed
BPRL has a 40% participating interest in the Brazilian block- BM-SEAL-11 - which is expected to start production in 2026-27. With 60% participating interest, Petrobras, the national oil company of Brazil, is the operator of the block.