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BP to sell stake in Castrol India as part of 'global strategic review'

Business Standard LogoBusiness Standard6h ago

BP to sell stake in Castrol India as part of 'global strategic review' - Business Standard

Quick Summary:

Elliott wants BP to reshape its business to be more like other oil majors such as Shell Plc by cutting spending in areas such as renewable energy and making sizable non-core asset divestments, the report said.

The company operates three blending plants in India and has an extensive distribution network of 350 distributors, reaching consumers and customers through over 100,000 retail outlets.

In February last year, Novartis AG announced plans to sell its majority stake in Novartis India Ltd, a publicly listed entity.

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 18:01:48 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26474927

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 220 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "BP to sell stake in Castrol India as part of 'global strategic review'" was covered 6 hours ago by Business Standard, a news publisher based in India.

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  • URL: https://chronographically.beamstart.com/news/bp-to-sell-stake-in-17406601949123

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