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 remain elevated and... Read more »
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 excellent response from... Read more »
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 give a boost... Read more »
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 of commodity prices... Read more »
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 in a statement... Read more »
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 net profit rose... Read more »
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 volume growth. The... Read more »
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 in the year-ago... Read more »
The Reserve Bank of India (RBI) will seek a legal opinion in the Kotak Mahindra Bank’s promoter holding issue. The Bombay High Court last month adjourned its hearing of a writ petition... Read more »
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 mainly on the... Read more »