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  Business   Companies  27 Jul 2017

Business, Companies, 27 Jul 2017

ITC says increase in compensation cess would 'exacerbate' legal sales

The high incidence of taxation on cigarettes was further compounded by increase in taxes announced by the GST Council.

27 Jul 2017 9:16 PM

Fall in gas price take ONGC Q1 net profit down by 8.2 per cent

The company got USD 51.03 for every barrel of crude oil it produced from fields.

27 Jul 2017 8:39 PM

ITC records 7.37 per cent rise in Q1 net profit

Its total expenses were up 3.34 per cent to Rs 10,332.61 crore, as against Rs 9,998.18 crore of Q1 FY 2016-17.

27 Jul 2017 8:15 PM

IDFC Q1 net profit shoots up by 65 per cent at Rs 299 crore

The company’s net profit in the corresponding quarter of 2016 stood at Rs 181.21 crore.

27 Jul 2017 8:01 PM

HDFC shares up nearly 6 per cent post Q1 results; mcap shoots up

Its consolidated net profit during the April-June quarter of previous fiscal stood at Rs 2,797 crore.

27 Jul 2017 7:52 PM


ONGC confirms govt slapping it, RIL, Dutch Shell with USD 3.9 bn demand

The demand is in interpretation of contract for the Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea.

27 Jul 2017 7:39 PM

COAI had 'no business' writing to TRAI: Reliance Jio on IUC row

COAI, on its part, defended itself saying it strives to ensure facts are placed on record to.

27 Jul 2017 7:15 PM

ONGC reports 8 per cent drop in Q1 net profit

Revenue was up at Rs 19,073.54 crore, from Rs 17,784.75 crore in the first quarter of 2016.

27 Jul 2017 6:18 PM

ICICI Bank Q1 net profit tanks to USD 319.6 million

Analysts on average had expected a net profit of Rs 20.43 billion, Thomson Reuters data showed.

27 Jul 2017 5:48 PM

Axis Bank re-appoints Shikha Sharma as CEO for 3 more years

Axis Bank scotched various media reports, one of them being that she was asked by Tata Sons to work for their financial services.

27 Jul 2017 5:33 PM


Idea Cellular Q1 loss at Rs 815 crore on Jio woes

Idea, third largest telecmom company, had posted a profit of Rs 220 crore during same period last year.

27 Jul 2017 5:22 PM

Vistara's new service ensures no middle seat, safety of solo female flyers

This service finds significance as India ranks fifth among 10 most dangerous countries for women travelers.

27 Jul 2017 5:09 PM

Zomato shares a ride with Ola

Zomato partner restaurants will also set up special zones, where customers can book an Ola.

27 Jul 2017 4:10 PM

Massive crackdown on shell companies in offing: CBDT

MCA has already cancelled registrations of over 1.62 lakh companies for non-filing of financial statements.

27 Jul 2017 4:03 PM

Mutual fund exposure to bank stocks at record Rs 1.47 lakh crore

Equity funds in bank stocks stood at Rs 1,46,861 crore at the end of June 2017.

27 Jul 2017 3:54 PM


Maruti Q1 net profit grows 4.4 pc to Rs 1,556.4 cr

Net sales rose 16.7 per cent to Rs 17,132.4 crore from Rs 14,654.5 crore a year earlier.

27 Jul 2017 2:54 PM

Axis Bank to acquire payments wallet Freecharge for Rs 385 crore

Acquiring Freecharge's business would give Axis Bank access to about 52 million mobile wallet holders of Freecharge.

27 Jul 2017 2:17 PM

Infosys' R. Venkatesan hopeful that Sikka will 'turn things around'

Market watchers are speculating over Sikka’s stint at Infosys against the backdrop of as many as 11 executives quitting,

27 Jul 2017 2:12 PM

Amazon Pay bonanza: Get 10 per cent cash-back on returned items

It is also offering Rs 100 cash-back as Amazon Pay balance, on a bill of Rs 700 for first-time users.

27 Jul 2017 1:31 PM

IRCTC plans e-catering for Rajdhani, Shatabdi trains

The company will be given responsibility of managing catering services in all trains with pantry cars.

27 Jul 2017 11:34 AM