Other Stories

A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad in March 2012.  (File Photo | Reuters)
ONGC reports 6 per cent fall in fourth-quarter net profit

Total income of 262.34 billion rupees was up almost 30 per cent on higher crude oil prices.

26 May 2017

Gautam Adani (File photo | Reuters)
No royalty holiday for Adani's coal mine in Australia

On May 22, Adani deferred a final investment decision on its much-delayed Carmichael coal mine project after the Queensland government failed to decide on royalties.

26 May 2017

Tata Chemicals. (File photo)
Tata Chemicals Q4 net profit up 32 per cent at Rs 343 crore

The board has recommended a dividend of Rs 11 per ordinary share of Rs 10 each for the 2016-17 fiscal.

26 May 2017

(File Photo | Reuters)
ITC Q4 net profit up 12 per cent to Rs 2,669.47 crore

ITC's net sales during the period was up 6.15 per cent to Rs 15,008.82 crore.

26 May 2017

India's retirement savings gap to rise to USD 85 trillion in 2050: World Economic Forum

The savings gap resembles the amount of money required to provide each person with a retirement income equal to 70 per cent of their pre-retirement income.

26 May 2017

EPFO may reduce PF contributions to 10 per cent

Trustees of retirement fund body EPFO may approve a proposal tomorrow to reduce the mandatory contributions toward social security schemes run by it.

26 May 2017

Sensex on the facade of the Bombay Stock Exchange building in Mumbai. (File photo | Reuters)
Sensex makes history, crosses 31,000; Nifty on new peak

 The Nifty, too, touched a new high of 9,592.15 points intra-day.

26 May 2017

Image for representational purpose only. (File photo | Reuters)
Sensex hits record highs; Tata Steel scales over 30 month-peak

Higher derivatives rollover led to strong follow-up buying in index heavyweights.

26 May 2017

Image for representational purpose only. (File photo)
Odisha e-waste to touch 2050 MT by 2021: MAIT

MAIT today said e-waste in Odisha is set to touch 2050 MT by 2021 and the state must set up recycling units for collection as part of steps to properly manage it.

26 May 2017

IiAS report on JK House sale incorrect: Raymond Group

On Thursday, IiAS in a report claimed sale of JK House to Raymond's promoters and their extended family will result in loss of over Rs 650 crore for the company and its shareholders.

26 May 2017

A woman walks past a logo of Indian Oil outside a fuel station in New Delhi. (File photo | Reuters)
Goldman Sachs, Citigroup among five bankers selected for IOC stake sale

The Central government currently holding 58.28 per cent stake in IOC plans to sell 3 per cent stake in the nation's largest oil retailer through an offer for sale.

26 May 2017

Image for representation purposes only. (File Photo | Reuters)
Cipla shares tank 5 percent post Q4 earnings

Consolidated total income of the company rose to Rs 3,604.79 crore for the quarter under consideration as against Rs 3,373.91 crore for the same period a year ago.

26 May 2017

Image for representation purposes only. (File Photo | Reuters)
Mphasis Q4 net profit rises 17 percent to Rs 184 crore in FY17

The company had posted a net profit of Rs 156.5 crore in the same period a year ago.

26 May 2017

GST
Tamil Nadu hotels to shut down on May 30 over GST rates

According to Tamil Nadu Hotels’ Association, over two lakh restaurants will be participating in the protest, including 1,500 bakeries, 400 restaurants and 300 small eateries in and around Coimbatore

26 May 2017

Image for representation purposes only. (File Photo | Reuters)
Sensex, Nifty hit record high as June derivatives opens strong

The June derivatives series took off on a strong footing on encouraging earnings and sustained foreign capital inflows.

26 May 2017

The new logo of State Bank of India (SBI). (File photo | Reuters)
SBI set to hire six banks for managing up to Rs 150 billion share sale: IFR

A total 17 banks had bid to underwrite the so-called qualified institutional placement, for which SBI will pay a nominal fee of one rupee, sources said.

26 May 2017

Rupee notes are seen in this picture illustration. | Reuters
Rupee advances 7 paise against US dollar in early trade

Increased foreign fund inflows and a higher opening in the domestic equity market, which zoomed to new highs, supported the rupee.     

26 May 2017

Higher refining margins push up IOC net by 85% to Rs 3,721 crore in Q4

Indian Oil Corporation (IOC) has reported an 85 per cent jump in net profit for the March 2017 quarter on the back of higher refining margins.

26 May 2017

CCI gives nod to Tatas for Docomo payout

Taking the long-pending-billion-dollar deal a step closer to competition, fair trade regulator Competition Commission of India (CCI) approved Tata Group companies and promoter Tata Sons to buy to buy

26 May 2017

Moody’s cuts IDBI Bank rating

Flags the lender’s deteriorating financial position, high level of stressed assets

26 May 2017

Sensex at new high, Nifty above 9,500

Benchmark indices Sensex and Nifty hit a fresh all-time high on Thursday after three sessions of decline.

26 May 2017

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