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BUSINESS

NBCC secures total business of Rs 25 crore in May

NBCC (India) has secured the total business of Rs 25 crore in the month of May, 2019. Earlier, the company had secured the total business of Rs 361.91 crore in the month of April, 2019. NBCC (India) is one of the few public sector companies engaged in the business of ... Read More »

Indian Overseas Bank launches ‘Cheque Lodgement Kiosk’

Indian Overseas Bank (IOB) has launched self-service ‘Cheque Lodgement Kiosk’ at major commercial centers to facilitate round the clock acceptance of clearing cheques. This facility will enable the customers, especially the business community in commercial areas, to conveniently use the kiosks for 24×7 deposit of cheques removing constraint of branch ... Read More »

Castrol India enters into strategic collaboration with 3M India

Castrol India has entered into a strategic collaboration with 3M India. Under this collaboration, a range of market-leading vehicle care products will be available for the automotive after-market. Castrol India is an India-based company engaged in providing coke and refined petroleum products. The company is involved in manufacturing lubricating oils. Read More »

Power Grid reports 52% rise in Q4 net profit

Power Grid Corporation of India has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 51.91% in its net profit at Rs 3,053.96 crore for the quarter under review as compared to Rs 2,010.31 crore for the same quarter in the ... Read More »

3M India enters into agreement with Castrol India

3M India has entered into a strategic Collaboration Agreement with Castrol India. Under this Agreement, a range of 3M-Castrol branded vehicle care products will be introduced for the Automotive After-Market. 3M is fundamentally a science-based company. They produce thousands of imaginative products, and are a leader in scores of markets ... Read More »

Karnataka Bank opens 842nd Branch at Nandalike

Karnataka Bank has opened its 842nd Branch at Nandalike (Financial Inclusion Branch) on May 30, 2019. The Bank had opened 841st Branch at Senapur on May 30, 2019. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked ... Read More »

Bharti Airtel’s ARPU rises 6.5% in Q4FY19

Bharti Airtel’s average revenue per user (ARPU) rose by 6.5 percent to Rs 123 in the January-March quarter of 2019 (Q4FY19) which is still not at sustainable level for the sector. The company had ARPU of Rs 116 in the same period a year ago. The company’s loss from India ... Read More »

SIS pays over Rs 36 lakh to settle case with SEBI

Security and Intelligence Services (India) (SIS) has settled with the Securities and Exchange Board of India (SEBI) a case of an alleged violation of public issue norms by paying over Rs 36 lakh towards settlement charges. The regulator had initiated proceedings and sent notice to the company in April 2017 ... Read More »

Uber partners with Indian Oil Corporation

Uber has partnered with Indian Oil Corporation (IOC) to offer special benefits, including a discount on fuel, to the ride-hailing company’s driver-partners in India. The agreement with IOC will offer delivery partners discounts on petrol, diesel and CNG in IOC petrol pumps across India. This initiative is a part of ... Read More »

ONGC reports 32% fall in Q4 net profit

Oil & Natural Gas Corporation (ONGC) has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 31.62% in its net profit at Rs 4,044.60 crore for the quarter under review as compared to Rs 5,915.12 crore for the same quarter in ... Read More »

Hulst B.V. increases stake in NIIT Technologies to 33.10%

Hulst B.V. has acquired 27,490 equity shares with face value of Rs 10 each of NIIT Technologies, on May 30, 2019. After this acquisition, the entity’s stake in the company has been increased from 33.06% to 33.10%. NIIT Technologies is a leading global IT solutions organization servicing customers across the ... Read More »

SAIL reports 43% fall in Q4 net profit

Steel Authority of India (SAIL) has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 42.57% in its net profit at Rs 468.40 crore for the quarter under review as compared to Rs 815.57 crore for the same quarter in the ... Read More »

ONGC’s arm posts 4.7% rise in oil & gas production in FY19

Oil and Natural Gas Corporation’s (ONGC) overseas subsidiary — ONGC Videsh has registered increase in production of Oil & Gas by 4.7% with net production of 14.833 MMTOE in FY19, as compared to 14.164 MMTOE in FY18. ONGC is India’s largest government-run corporation and produces about 70% of India’s crude ... Read More »

Simplex Infrastructures reports order inflow of Rs 3,194 crore in FY19

Simplex Infrastructures has reported cumulative order inflow of Rs 3194 crore in FY19. The company has ended FY19 with the order book backlog of Rs 6,020 crore. Simplex Infrastructures is engaged in the business of contract constructing infrastructural facilities. The company’s segments include Construction business and others. Read More »