(TOI) Indian Oil Corp Ltd said on Thursday net profit fell 45 per cent in its fiscal first quarter of 2017, beating analysts’ estimates. Net profit was Rs 4,549 crore ($714.83 million) in the quarter ended on June 30, compared with Rs 8,269 crore a year earlier in this period, the country’s top refiner said. Analysts on average had expected a net profit of Rs 3,063 crore for the first quarter, Thomson Reuters data showed. IOC shares were up about 6 per cent in afternoon trade while the broader Nifty 50 index was losing around 0.50 per cent.
Author: khabarindia
(PTI) Public sector oil marketing company BPCL today said it has increased the commission offered to its dealers upto 50 per cent with effect from August 1 and it would have a positive impact on all, including the customers. The commission paid to dealers for various products had been revised upwards from a minimum of 20 per cent to a maximum of 50 per cent based on their category from August 1, Bharat Petroleum Corporation Ltd (BPCL) Chairman and Managing Director D Rajkumar said here. The revision would have a ‘marginal impact’ on the financials of the company, he said. “We have announced an…
(PTI) India has not reduced its troops in Dokalam, senior government officials said today, rebutting China’s claim that the number of Indian security personnel at the tri-junction has come down. They also asserted that there was a “status quo” at the Dokalam for past six weeks. The strong rebuttal came after Chinese foreign ministry issued a document today, saying the number of Indian troops was 40 by end of July from 400 in June. “Over 400 people at one point, have put up three tents and advanced over 180 metres into the Chinese territory. As of the end of July, there were…
(DNA) Mining companies in Odisha that were operating without environmental clearances were ordered to pay 100 per cent penalty on the price of illegally extracted iron and manganese ores with effect from 2000-01 by the Supreme Court on Wednesday. The bench comprising Justices Madan Lokur and Deepak Gupta directed the Centre to set up a panel of experts under the guidance of a retired apex court judge to identify the lapses over the years which enabled rampant illegal mining in the state and recommend preventive measures. The bench also urged the Centre to have a fresh look at the National. The…
(AU) दक्षिण कश्मीर के शोपियां जिले में आतंकवादियों द्वारा सुरक्षा बलों के एक तलाशी दल पर गोलीबारी करने से एक मेजर सहित दो सैन्यकर्मी शहीद हो गए और एक अन्य जवान घायल हो गया। पुलिस के एक अधिकारी ने बताया कि सेना ने शोपियां जिले के जायपोरा इलाके में आतंकवादियों की मौजूदगी की खुफिया जानकारी मिलने के बाद रात को इलाके की घेराबंदी कर एक खोज अभियान शुरू किया था। उन्होंने बताया कि खोज अभियान के दौरान आतंकवादियों ने दल पर गोलीबारी शुरू कर दी जिसमें तीन सैन्यकर्मी घायल हो गए। अधिकारी ने बताया कि घायलों को सेना के अस्पताल में भर्ती…
(PTI) After successfully commissioning two charging stations for electric vehicles (EVs) in Delhi, state-run NTPC is planning to add 20 more soon. In June this year, the Maharatna firm entered into the new business segment of setting up charging stations for EVs and has installed first such points at its offices in Delhi and Noida. “We want to expand this business and hope to add at least 20 more locations. We are also in talks with different governments for the same,” NTPC Chairman and Managing Director Gurdeep Singh told reporters in a select media briefing here today. He said initially the company…
(TIE) With several parties raising the issue of overall taxes increasing on certain commodities and there being too many slabs after the advent of GST, Finance Minister Arun Jaitley said Wednesday that with time GST rates could be rationalised. He said random criticism of GST rates was not fair as the rates had been decided by a council of experts and economists and not arrived at casually. The minister was speaking in Lok Sabha during the discussion over two bills to extend GST to the state of Jammu and Kashmir. The Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill…
(PTI) The Reserve Bank today said it will endeavour to keep retail inflation close to 4 per cent on a “durable basis” which may rise in the near term on account of pay commission payouts and price adjustments post GST rollout. “The MPC observed that while inflation has fallen to a historic low, a conclusive segregation of transitory and structural factors driving the disinflation is still elusive. “The MPC remains focused on its commitment to keeping headline inflation close to 4 per cent on a durable basis,” the central bank said in its 3rd bi-monthly monetary policy statement, 2017-18. The…
Details of the ‘Startup India’ initiative, as envisaged in the policy document Startup India Action Plan, are at Annexure I. With respect to investment in Startups, the Startup India Action Plan provides for a Fund of Funds for Startups (FFS) with a corpus fund of INR 10,000 crores for development and growth of innovation driven enterprises. As on 28th February, 2017, Rs. 500 crores had been released to SIDBI for the FFS. Out of this, Rs 114 crores was sanctioned to 5 Alternative Investment Funds (AIFs), who in turn have invested Rs 27.81 crores in 9 Startups. This information was…
(PTI) BJP president Amit Shah will visit Tamil Nadu from August 22 to 24 as part of his efforts to strengthen the party organisation in the state. BJP’s Tamil Nadu unit chief Tamilisai Soundararajan said Shah’s visit will help strengthen the party at the grass-root level in the state. Claiming that political analysts felt that the top leader’s visit will have a positive impact on the party in Tamil Nadu, she said the party cadres are enthusiastic about his visit to the state. Shah will be given a grand reception, Soundararajan said, adding a meeting was held in this regard at the…