Indian Oil Corporation (IOC), the nation's biggest oil firm, on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit as record refining margins were wiped away by a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in [...]
Microfinance industry loan portfolio grew by 5 per cent year-on-year to Rs 2,62,598 crore in the fiscal ended March 2022, according to a report by Sa-Dhan released on Tuesday. In the year-ago period, the same stood at Rs 2,50,826 crore. Sa-Dhan is an RBI recognised Self Regulatory Organisation (SRO) for microfinance institutions. In the last quarter [...]
A senior official of the Indian Council of Agricultural Research (ICAR) on Tuesday called for stopping the industrial use of edible oils while pointing out that the paints industry consumes 23 per cent of the country's edible oil. Speaking with PTI, ICAR Assistant Director General (Oilseeds and Pulses) Dr Sanjeev Gupta on Tuesday said, "It [...]
Leading stock exchange BSE on Tuesday said its board has appointed S S Mundra, a public interest director, as the chairman of the bourse. Mundra will replace Justice Vikramajit Sen. "This is to inform that the board of directors of the company on Monday had considered and approved the appointment of S S Mundra, public [...]
IRB Infrastructure Developers Ltd on Tuesday reported a 79.04 per cent jump in its consolidated net profit to Rs 175 crore for the fourth quarter ended in March 2022. The company had clocked a net profit of Rs 97.45 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income [...]
Drug firm Abbott India on Tuesday said its net profit increased by 39 per cent to Rs 211 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs 152 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations rose to Rs 1,255 crore in the period [...]
EKI Energy Service on Tuesday posted a multi-fold jump in standalone net profit at Rs 383.36 crore in 2021-22 financial year, mainly on the back of higher revenues. The standalone net profit of the company was at Rs 18.69 crore in the fiscal ended March 2021. In the last fiscal, total standalone income rose to [...]
Two American nationals have pleaded guilty in a case of multimillion-dollar scheme to manipulate the Marketplace platform of Amazon in which an Indian-origin former employee of the e-commerce giant was sentenced to 10 months in prison in February. Amazon Marketplace is an e-commerce platform owned and operated by Seattle-based Amazon that enables third-party sellers to [...]
The government has completed transactions worth Rs 1 lakh crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, Niti Aayog CEO Amitabh Kant said on Tuesday. Addressing an event organised by Public Affairs Forum of India (PAFI), Kant said India needs to fire on all [...]
India's second largest telecom operator Bharti Airtel on Tuesday posted over two-fold jump in its consolidated net profit to Rs 2,008 crore for the March quarter. The net profit stood at Rs 759 crore in the year-ago period. Airtel's revenue from operations rose 22.3 per cent to Rs 31,500 crore during the fourth quarter of [...]
