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Shell First Quarter Profit Beats Expectation With $9.6 Billion

The British oil company Shell reported a first-quarter profit on Thursday that was higher than expected, continuing a record run of solid results after commodities prices spiked in 2022 due to Russia's extensive invasion of Ukraine. According to Refinitiv, Shell announced first-quarter ...

Shell Signs USD 1.55 Billion Deal, To Acquire India's Sprng Energy Group

Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has signed an agreement with Actis Solenergi Limited (Actis) to acquire 100 per cent of Solenergi Power Private Limited for USD 1.55 billion and with it, the Sprng Energy ...

Shell Says, Russia Exit Has Already Cost $5 Billion

Shell says its decision to pull out of Russia in response to the country's invasion of Ukraine has already cost the international energy giant as much as $5 billion. The reduced value of Russian assets, credit losses and "onerous" contract terms ...

Energy Major Shell Sheds "Royal Dutch" From Name

Energy giant Shell has dropped from its name the 'Royal Dutch' part, which it had carried for 130 years, following plans of a major overhaul announced recently. It is anticipated that Euronext Amsterdam and the London Stock Exchange will ...

Mahanagar Gas Surges Over 12% On Reports Of Shell’s Stake Sale

Shares of Mahanagar Gas Limited rose by as much as 12.1 percent to Rs 882.10 each on Tuesday after various media reports citing sources said that BG Asia Pacific Holdings is seeking to sell its 10 percent stake in the natural ...

What is transfer pricing?

Transfer pricing is a mechanism or mode by which several MNCs attempt to evade tax. In the process, companies operating globally, shift profits earned in a particular nation to other where the rate of taxation is way below, this ...