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GAIL’s PAT over Rs 1K cr for Q1, up by 23% on q-o-q basis

Monday, 13 Aug 2018 | PNS | New Delhi

GAIL (India) Limited registered a 23 percent increase in Profit after Tax (PAT) in the first quarter of FY 2018-19, as against the last quarter of FY 2017-18 mainly due to better performance by Gas Trading and Petrochemicals Segments. The Company’s PAT for the quarter ending 30th June...

Telangana attracts over Rs 10K cr in Life Sciences in 4 years

Monday, 13 Aug 2018 | PTI | Hyderabad

Telangana, already home to pharma majors such as Aurobindo Pharma and Dr Reddy’s, attracted over Rs 10,000 crore investments in the life sciences sector in the past four years, the State Government said on Sunday. This included Rs 3,000 crore in research and develoment (R&D), the government said adding its...

BPCL gets green nod for Rs 747 cr ethanol project in Odisha

Monday, 13 Aug 2018 | PTI | New Delhi

State-run Bharat Petroleum Corp Ltd (BPCL) has been given green nod for setting up a second generation ethanol plant in Odisha that would entail an investment of Rs 747.46 crore, according to a senior government official. The ethanol bio-refinery with a capacity of 100 kilo litre per day (KLPD) will be...

NPAs in education sector on rise

Monday, 13 Aug 2018 | PTI | New Delhi

Bad loans in the education sector have shown a rising trend in the past three financial years with NPAs nearing 9 per cent of the outstanding by March 2018, according to an official data. While disbursing the loans, banks follow the Indian Banks Association’s (IBA) model education loan scheme, which provides...

IOC Q1 net up 50%

Monday, 13 Aug 2018 | PTI | New Delhi

Indian Oil Corp (IOC), the nation’s biggest oil firm, reported a 50 per cent jump in its April-June quarter net profit as inventory gains negated lower refining margins. Consolidated net profit at Rs 6,831 crore in the first quarter of the current 2018-19 fiscal compared with Rs 4,549 crore net...

Over 31,000 realty projects under Rera

Saturday, 11 Aug 2018 | PTI | Mumbai

As many as 31,500 real estate projects across the country have been registered under Rera so far, with Maharashtra alone accounting for almost 54 per cent of the same, a report said. Around 17,125 projects in Maharashtra have been registered under Rera so far, according to a joint report by industry...

Day 1: 40k throng first IKEA store in India

Saturday, 11 Aug 2018 | IANS | Hyderabad

Around 40,000 people visited IKEA's first India store on the opening day here, a company spokesperson told IANS. The Swedish home furnishings retailer received huge response from customers on Thursday. The spokesperson, however, declined to share the numbers relating to the business transacted on the first day. However, the response was...

Industrial output expands 7% in June

Saturday, 11 Aug 2018 | PTI | New Delhi

Industrial output recorded a growth of 7 per cent in June on account of higher output in mining, manufacturing and power generation segments. Factory output growth measured in terms of the Index of Industrial Production (IIP) was revised upwards for May at 3.9 per cent from previous estimate of 3.2 per...

Business Corner

Saturday, 11 Aug 2018 | Agencies

Union Min Mahesh Sharma releases 3 books at IGNCA Minister of State for Culture, Mahesh Sharma, released 3 books 'Jewellery' by Gulab Kothari, 'Ghats of Banaras' by Pratapanand Jha & Sachidanand Joshi and 'Untold Story of Broadcasting' by Gautam Chatterjee at IGNCA, New Delhi. NBCC WINS D&B's TOP PSU AWARD NBCC (India)...

Profit-booking: Sensex falls 155 pts

Saturday, 11 Aug 2018 | PTI | Mumbai

The BSE Sensex tumbled over 155 points on Saturday to close below the 38,000-mark as investors booked profits amid lacklustre global cues. SBI was the biggest loser in the Sensex pack, diving 3.79 per cent, after the lender reported a hefty loss of Rs 4,876 crore for the June quarter. The 30-share...


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K’taka CM plants paddy saplings in solidarity with agriculturists

12 Aug 2018 | Kestur Vasuki | Bengaluru

Karnataka Chief Minister HD Kumaraswamy who is facing wrath from the farmers in the State, in an appealing gesture planted paddy saplings in solidarity on Saturday. He chose Aralukuppe village in Mandya district the heart land of vokkaliga politics sowed paddy saplings in a muddied agriculture field amidst a large gathering...

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Cooperation of all necessary to achieve target: Ramsheela Sahu

15 Aug 2018 | Staff Reporter | Raipur

State of Chhattisgarh is moving faster from malnutrition to normal. But on the path, to achieve the target cooperation of all is required, said women and child development minister Ramsheela Sahu...

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