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OVL looks to operate 2 Venezuelan oil projects

NEW DELHI: ONGC’s overseas investment arm ONGC Videsh (OVL) is exploring the possibility of securing operatorship rights for two Venezuelan oil projects – San Cristobal and PetroCarabobo — and is in advanced talks with the Venezuelan govt and US authorities.During an analyst call following its Q2 financial results, the company said the arrangement is likely...

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Bharti Airtel net profit up 24% to Rs 10,710 crore

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been standard dummy text ever since the 1500s,

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.


Bharti Airtel net profit up 24% to Rs 10,710 crore

NEW DELHI: Bharti Airtel Thursday reported a profit of Rs 10,710 crore this Q2, up 24% from Rs 8,651 crore in same period last fiscal. Its consolidated revenue from operations rose 16.7% to Rs 60,878 crore compared to Rs 52,145 crore in the year-ago Q2. The leading telecom player’s share price closed 0.2% down at Rs 2,062.05 Thursday on BSE when the broader market was up 2.6%. The company reported an industry leading mobile average revenue per user (ARPU) at Rs 271, up 5.8% from Rs 256 in last Q2.Bharti Airtel executive VC Gopal Vittal said: “We delivered another quarter of consistent performance with consolidated revenues of Rs 60,878 crore, increasing 4.0% QoQ, underscoring the strength of our diversified portfolio. Africa delivered a standout quarter with 6.7% QoQ constant currency revenue growth…. India business recorded strong revenue growth of 2.7% sequentially. India mobile delivered revenue growth of 3.4% QoQ, backed by our strategy of portfolio premiumisation and winning quality customers.”Airtel had 37.7 crore customers as on Sept 30, 2026, up 3.6% from 36.4 crore in the corresponding quarter last year. Its smartphone customer base stood at 30.5 crore, up about 1.9 crore on a YoY basis. By the end of this Q2, it had about 3.5 lakh network towers as compared to 3.4 lakh last Q2.“Our postpaid momentum remained strong with record high net customers additions of 12 lakh. We added 29 lakh smartphone data customers with continued improvement of our industry leading ARPU at Rs 271. The homes business saw (about) 6.8 lakh customer additions… Our new growth engines continue to gain momentum. Our investment in a strategic land parcel during the quarter marks another important step towards realising our ambition of building 1 GW of data centre capacity,” Vittal added.



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