GAIL reports 20% increase in Q4 net profit; recommends 1:1 bonus

State gas utility GAIL India on Monday recorded a 20 percent rise in its March quarter net profit as margins on natural gas sales and transmission more than made up for... Read more »

Mphasis Q4 net profit up 11.9 per cent to Rs 266 crore, recommends dividend of Rs 27 per share

Mphasis reported an 11.9 per cent increase in consolidated net profit to Rs 266.14 crore in the March 2019 quarter. The company’s net profit was at Rs 237.67 crore... Read more »

OMC margins see a 150-170 bps drop in fiscal 2019 says Crisil report

Thinner spreads1 and rising under-recoveries are expected to shave the operating profit margins of oil marketing companies (OMCs) by 150-170 basis points (bps) this fiscal, even as crude prices... Read more »

Reliance Capital offer for sale of Reliance Nippon AMC receives good response

The Offer for Sale (OFS) announced by Reliance Capital on Thursday, May 23, 2019 to sell its shareholding in Reliance Nippon Life Asset Management Ltd (RNAM) has received an... Read more »

Reliance Brands ropes in All Saints, Kurt Geiger, EA7 to strengthen its portfolio

With a view to strengthen its portfolio, Reliance Brands has signed up Armani’s sportswear brand EA7 as well as British high-street labels All Saints and Kurt Geiger. This will... Read more »

Revenue growth for India Inc drops to a six-quarter low in Q4 FY19 says report

The revenue growth of the Indian corporate sector slipped to a six-quarter low in the March quarter of FY19, a report said. It was weak consumer sentiment and softening... Read more »

Aerospace major HAL reports an all-time high turnover of Rs 19,705 crore

State-run aerospace major Hindustan Aeronautics Limited (HAL) has recorded an all-time high turnover of Rs 19,705 crore with a growth of 7.8 per cent in 2018-19, the company said... Read more »

BHEL net profit up 50.7% to Rs 1,215 crore in FY19, revenue up 5.4% to Rs 29,349 crore

State-owned Bharat Heavy Electricals Limited (BHEL) has closed financial year 2018-19 with robust top and bottom line growth because of the strategic initiatives taken by the company. The standalone... Read more »

Colgate-Palmolive India Q4 net profit up 4.7% to Rs 197.59 cr;

FMCG major Colgate-Palmolive India Ltd (CPIL) Monday achieved a 4.67 per cent rise in net profit at Rs 197.59 crore for the fourth quarter ended March 2019, led by... Read more »

Whirlpool of India net profit up 14% at ₹104 crore for fiscal year 2019

Whirlpool of India Friday reported a 13.91 per cent increase in profit at ₹104.1 crore for the fourth quarter ended March 31, 2019. The company recorded a profit of ₹91.38 crore... Read more »