ONGC, Oil India shares gain on govt nod to hike kerosene price every month
Posted on 13th July 2016 |
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| Shares of ONGC and Oil India gained on Wednesday after a business daily reported that oil companies got government nod to increase kerosene price by 25 paise every month till April 2017. At 10.26 am, shares of Oil India were trading 3.47 per cent up at Rs 378.45. The scrip opened at Rs 372 and has touched a high and low of Rs 380.90 and Rs 372, respectively, in trade so far. ONGC was trading 4.37 per cent up at Rs 237.70. Shares of the company opened at Rs 233.85 and has touched a high and low of Rs 241.30 and Rs 232.50, respectively, in trade so far. Benchmark index BSE Oil & Gas was up 1.03 per cent at 10,230.57. For the quarter ended March 31, 2016, Oil India reported net profit of Rs 469.24 crore, down 14.95 per cent, against Rs 551.72 crore in the corresponding quarter a year ago. Net profit of ONGC jumped 12.22 per cent year-on-year to Rs 4,416 crore from Rs 3,935.07 crore during the same quarters. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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