ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore

New Delhi (IANS) Oil and Natural Gas Corporation (ONGC) on Friday reported a 65.5 per cent year-on-year increase in consolidated net profit to Rs 13,734 crore for the July-Sept quarter of the current financial year due to a reduction in costs.

BSE posts 4-fold jump in Q2 net profit

Mumbai (IANS) BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year.

The exchange had made a net profit of Rs 29.4 crore in the same…

India Inc's investment activity limited to some pockets: Bank of Baroda

Chennai (IANS) Investment activity by India Inc is not yet broad-based but limited to some pockets, states a research study by Bank of Baroda.

According to the report, from the financing point of view, it is uncertain whether or not investment…

Black Box strengthens India presence with new Center of Excellence

New Delhi (IANS) Black Box Limited (formerly AGC Networks Limited), a trusted IT solutions provider announced the inauguration of its new Center of Excellence in Bengaluru.

Black Box is one of Essar’s key investments in the technology and retail…

M&M drives with Q2 PAT of Rs 3,451.88 cr

Chenna (IANS) Automobile major Mahindra & Mahindra (M&M) Ltd closed the second quarter of FY24 with a higher net profit of Rs 3,451.88 crore.

In regulatory filing, M&M said for the quarter ended September 30, it has earned an operational income…

Direct tax collections record 17.6% rise to Rs 12.37 lakh cr

New Delhi (IANS) The country’s gross direct tax collections have risen to Rs 12.37 lakh crore mark as of November 9 during the current financial tear which represents a 17.59 per cent increase over the same period of the previous year, according to…

UCO Bank Q2 net down to Rs 401.67 cr

Chennai (IANS) Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding period.

In a regulatory filing, UCO Bank said for the…

EV maker Lohia Auto to launch high speed scooters, new three-wheeler

Chennai (IANS) Launching high-speed scooters and a new passenger-carrying three-wheelers, expanding dealer network are what electric two- and three-wheeler maker Lohia Auto Industries Ltd is planning, said a top company official.

The increased…

India’s economy to outperform, G20 growth to moderate: Moody’s

New Delhi (IANS) Moody’s expects global G20 growth to moderate in 2024 to 2.1 per cent from 2.8 per cent in 2023 and accelerate in 2025 to 2.6 per cent, the firm said in its Global Macroeconomic Outlook 2024-25 report.

Economic strength across…

Info Edge lost Rs 532 cr from its investment in Rahul Yadav’s 4B Networks: Report

New Delhi (IANS) Tech and Internet company Info Edge lost around Rs 532 crore after writing off its investment in Rahul Bhoopsingh Yadav’s Broker Network (4B Networks Private Limited), according to reports.

While Info Edge’s cash infusion in…