Business, Companies, 27th Jul 2017, News & Stories from India

Sunday, Apr 28, 2024 | Last Update : 04:18 PM IST

Business Companies 27 Jul 2017

Business, Companies, 27 Jul 2017

ITC on Thursday said that higher tax rate under the just introduced GST regime will "exacerbate" the pressure on the entire legal cigarette value chain.

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

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

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

Diversified conglomerate ITC on Thursday reported an increase of 7.37 per cent in standalone net profit to Rs 2,560.50 crore for Q1.

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 Limited on Thursday registered a growth of over 65.2 per cent in consolidated net profit at Rs 299.40 crore for Q1.

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

The government has slapped ONGC, Reliance Industries and Royal Dutch Shell with a demand of USD 3.9 billion in relation to PMT case.

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

Reliance Jio has slammed COAI for airing views on call termination rates when two of its five members differed on the issue.

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 on Thursday reported an 8 per cent drop in its June quarter net profit

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's net profit fell to Rs 20.49 billion (USD 319.6 million) in the quarter ended June.

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 on Thursday re-appointed Shikha Sharma as the managing director and chief executive.

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 is India's third largest telecom company after Airtel and Vodafone.

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 has launched its Woman Flyer Service that takes various steps to ensure women flyers' safety.

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 app can not only book Ola rides but also pay for orders through Ola Money at various Zomato partner restaurants.

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

Income tax department has come down heavily on companies laundering money.

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 funds are investment vehicles made up of a pool of funds collected from a large number of investors.

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

During April-June company sold a total of 3,94,571 vehicles, including 26,140 in overseas markets.

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

Bank's managing director and chief executive, Shikha Sharma, told reporters deal is important from a strategic perspective for the bank.

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 Co-Chairman Ravi Venkatesan is hopeful that CEO Vishal Sikka would deliver results for the company and not think of leaving it.

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 has rolled out a 10 per cent cashback-bonanza for users of its mobile wallet ‘Amazon Pay’.

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

Till now, zonal railways were managing catering services in majority trains.

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

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Anita Katyal