Author: PTI

Petronet LNG Ltd, the country’s biggest importer of liquefied natural gas, reported a near doubling of net profit in September quarter as it derived benefit of lower corporate tax rate. Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, company CEO and managing director Prabhat Singh told reporters here.

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The Regional Meteorological Centre has predicted occurrence of heavy to very heavy rain likely at isolated places over Tamilnadu. For rest of the places in the State, the department, in an official communique, stated that light to moderate rain is likely to occur at most places over south Tamilnadu and at many places over north Tamilnadu and Puducherry.

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Ride-hailing major Ola is in advanced talks with tech giant Microsoft to raise about $150-200 million (about Rs 1,050-1,400 crore) in funding, according to sources. The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said.

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