As talks with ArcelorMittal delays, SAIL on the lookout for other companies

As the talks with ArcelorMittal to form auto-grade JV firm is postponed, state-owned SAIL has started talking to other global players, a top company official said. SAIL is closely... Read more »

Oriental Bank of Commerce to raise Rs 3,000 crore using QIP

State-owned lender Oriental Bank of Commerce (OBC) on Saturday said it plans to collect an estimated Rs 3,000 crore through the sale of equity shares to qualified institutional investors.... Read more »

PC Jeweller drops further after Q4 results; stock suffers decline 25% in four days

Shares of PC Jeweller were trading lower for the fourth straight day, dropped 10 per cent to Rs 77.80 on the National Stock Exchange (NSE) on Thursday on the... Read more »

MMTC Q4 net profit drops 8.26% to Rs 11.76 crore

State-owned mining and metals firm MMTC Thursday said its net profit dropped 8.26 per cent to Rs 11.76 crore in the March 2019 quarter. The company had recorded a... Read more »

NBCC’s profit drops 7% to Rs 142.45 crore for Q419

State-owned NBCC Ltd Thursday secured a 7 per cent decline in consolidated net profit to Rs 142.45 crore for the quarter ended March 31, 2019. Its net profit was... Read more »

Bharati Airtel’s loss doubles to Rs 1,377.8 crore in March quarter

Telecom operator Bharti Airtel Thursday said its average revenue per user was up 6.5 per cent to Rs 123 in the January-March quarter which is still not at a... Read more »

Berger Paints goes up on good Q4 numbers, drop in crude oil prices

Shares of Berger Paints went over 8 percent in the early trade on Friday on good fourth-quarter results and steep fall in crude oil prices. The company recorded a... Read more »

Power Grid reports a 52 per cent increase in profits for Q4 19

State-run Power Grid Corporation on May 29 recorded a 52 percent jump in standalone net profit at Rs 3,053.56 crore in March quarter, mainly on the back of higher revenues. The... Read more »

GMR Infrastructure incurs loss of Rs 2,341 crore in March quarter

GMR Infrastructure suffered Rs 2341.25 crore loss on consolidated basis for the quarter ended March 31, backed by losses of some of the power assets, the infra major said... Read more »

SpiceJet’s Q4 profit up 22%, doesn’t meet target estimates

SpiceJet Ltd’s March quarter has seen a net profit increase of 22% from a year ago, despite the grounding of its Boeing 737 Max aircraft. However, the numbers still... Read more »