[ NEW DELHI: State-owned oil and gas giants including IndianOil, ONGC and GAIL (India) have been slapped fines for the third straight quarter for failing to meet listing norm requirements of having the requisite number of directors on their board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers … Read more
[ BENGALURU: Adani Ports and special economic zone, India’s largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs. Consolidated net profit rose to 22.08 billion rupees ($266.1 million) in the October-December quarter, the company, which is part of billionaire Gautam … Read more
[ NEW DELHI: Maruti Suzuki on Wednesday reported a 33% increase in consolidated net profit at Rs 3,207 crore for the third quarter ended Dec 31 on higher sales. The company had posted a net profit of Rs 2,406 crore for the year-ago period, it said in a regulatory filing. Total revenue from operations was … Read more
[ NEW DELHI: IOC’s net profit leaped to Rs 8,063 crore in the third quarter compared to Rs 448 crore in the previous corresponding period, driven by the sharp drop in crude since Sept amid unchanged fuel prices. Sequentially, however, the profit was 37% lower than the Rs 12,967 crore profit posted in the July-Sept … Read more
