Mumbai, Tata Group promoted Indian Hotels Company on Friday said that its Managing Director and Chief Executive Officer Rakesh Sarna has resigned for personal reasons.
According to the company, the Board of Directors of Indian Hotels Company (IHCL) has accepted the resignation of Sarna, who will continue in his current position till September 30, 2017.
MUMBAI - Oil and Natural Gas Corporation Ltd India's biggest hydrocarbon explorer, reported a 6 percent fall in fourth-quarter net profit to 43.40 billion rupees ($673 million) hurt by a one-time provision.
Analysts on average had expected a profit of 49.91 billion rupees.
Total income of 262.34 billion rupees was up almost 30 percent on highe
MUMBAI- The government is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3 percent stake sale in Indian Oil Corp that could raise as much as 64 billion rupees ($993 million), IFR, a Thomson Reuters publication, reported on Friday.
The government owns 58.3 percent of IOC, the country's biggest state-owned oil refin
Software major Tech Mahindra on Friday reported Rs 590 crore consolidated net profit for the fourth quarter of 2016-17, registering 33 per cent decline from Rs 876 crore in the same period last year.
In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter under review grew 9.9 per cent to Rs 7,733 crore from Rs 7,039 crore in the same period
REUTERS - The benchmark BSE Sensex rallied on Friday to end above 31,000 for the first time, as higher derivatives rollover led to strong follow-up buying in index heavyweights such as Reliance Industries and ITC Ltd .
The Sensex closed up 0.9 percent at 31,028.21, after hitting a high of 31,074.07.
Diversified consumer company ITC Ltd posted a 12 percent growth in March-quarter profit as its biggest segment, cigarettes, witnessed growth in sales.
Profit rose to 26.69 billion rupees ($413.93 million) in the fourth quarter ended March 31, from 23.81 billion rupees a year earlier, the conglomerate said on Friday. http://bit.ly/2rnMf4i
Analysts on average expected the comp
State-run oil marketing company Hindustan Petroleum Corp Ltd reported a 31 percent jump in March-quarter net profit on Friday, beating street estimates, as income from operations grew.
Net profit rose to 18.19 billion rupees ($282.12 million) in the fourth quarter ended March, from 13.88 billion rupees a year earlier, the company said in a statement.
The wider 51-scrip NSE Nifty touched the 9,600-mark for the first time in history during the mid-afternoon trade session on Friday.
26/05/2017 3:06:35 PM
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