Business, Companies, 4th Aug 2017, News & Stories from India

Saturday, Apr 27, 2024 | Last Update : 07:52 PM IST

Business Companies 04 Aug 2017

Business, Companies, 04 Aug 2017

The funds are invested in stocks, bonds and money market instruments, among others.

MFs' AUM touches record-high of Rs 20 lakh crore in July

Overall inflow in MF schemes stood at Rs 63,504 crore last month.

04 Aug 2017 7:18 PM

ONGC and GSPC had entered into a farm-in-farm-out agreement (FIFO) on March 10, 2017

ONGC completes Rs 7.7,000 cr acquisition of GSPC

Company had also agreed to pay part consideration of USD 200 million (Rs 1,295 crore) to GSPC.

04 Aug 2017 7:11 PM

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

HPCL Q1 net profit dips by 56 per cent

The company earned USD 5.86 on turning every barrel of crude oil into fuel during April-June, 2017-18.

04 Aug 2017 5:49 PM

The stock closed 2.57 per cent down at Rs 67,400 apiece on BSE.

MRF Q1 net profit plunges 78 per cent to Rs 106.53 crore

Total income during the quarter under review stood at Rs 4,060.93 crore as against Rs 3,955.93 crore.

04 Aug 2017 4:42 PM

The airline has a debt burden of more than Rs 50,000 crore.

Air India delays payment of July salaries

Government working on the modalities for divesting stake in the national carrier.

04 Aug 2017 4:06 PM

Tech Mahindra is one of the major players in India's IT sector.

Two top Tech Mahindra executives to take pay cut

Executives cite company's poor performce as their decision in favour of a smaller pay cheque.

04 Aug 2017 2:49 PM

Company had posted a PAT of Rs 954.95 crore during April-June period of last financial year.

Mahindra Q1 standalone PAT down 20 pc to Rs 766 cr

Shares of the company were trading at Rs 1,401.15 apiece down 1.11 per cent, on BSE.

04 Aug 2017 2:21 PM

Sebi absolves Tata Group of all charges levelled by Cyrus Mistry

Ousted chairman Cyrus Mistry had alleged mismanagement and suppression of minority interests.

04 Aug 2017 1:55 PM

BPCL under next 5 year plan has set a target of Rs one lakh crore to be spent for all its expansion activities. (Representational image)

BPCL to venture into gas biz: CMD

BPCL clocked Rs 2.42 lakh crore revenue with a profit after tax at Rs 8,339 crore.

04 Aug 2017 12:40 PM

RCom withdraws from AUSPI membership

AUSPI officials could not be reached for comment, while RCom declined to speak on this.

04 Aug 2017 12:35 PM

US-based Cognizant posted an overall 86 per cent jump in June quarter's net profit at USD 470 million.

Cognizant posts 86 per cent jump in Q1 net profit

However, Cognizant that has a majority of its workforce in India, saw its headcount reducing by 4,400.

04 Aug 2017 11:45 AM

US-based cab aggregator Uber on Thursday said it is witnessing double-digit growth in the country and has completed 500 million trips in four years of operations in the country.

Uber India completes 500 million trips in 4 years

Uber on Thursday said it is witnessing double-digit growth in the country and has expanded to 29 cities.

04 Aug 2017 11:03 AM

BSE Q1 net profit soars 12 fold to Rs 524 crore

The exchange had a net profit of Rs 43.70 crore in first quarter of last fiscal, BSE said.

04 Aug 2017 10:48 AM

Infosys CEO Vishal Sikka has dismissed views suggesting senior-level exits at the company were a cause of concern.

Sikka plays down senior-level exits at Infosys, says its far lower than other cos

Some reports suggest that exits are a worrying trend for Infosys which has been battling various crises.

04 Aug 2017 10:14 AM

Reliance Jio has topped the charts again as the fastest 4G services provider.

Reliance Jio declared as fastest 4G operator by TRAI

As per the TRAI test results, Bharti Airtel's average 4G download speed was lowest at 8.91 mbps.

04 Aug 2017 9:41 AM

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Farrukh Dhondy