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 »

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 »

State-run power giant NTPC Q4 profit at Rs 4,350.32 cr; recommends 25% final dividend

State-run power giant NTPC Saturday recorded a 48.7 per cent increase in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period... Read more »

India Cements’ FY19 profit is at Rs 69.4 crore against Rs 100.6 crore in 2018

Cement maker India Cements Ltd secured a net profit of Rs 43.85 crore for the January-March quarter on the back of increase in cement volumes and net plant realisations.... Read more »

Downward trends in domestic traffic because of Jet Airways grounding says ICRA

The domestic passenger traffic had seen an upward trend between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the rating agency said in the note... Read more »

ONGC Videsh FY19 net profit up 71% in excess of oil production

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), Friday reported a 71 per cent increase in its 2018-19 fiscal year net profit... Read more »