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BusinessToday.In
New Delhi, August 3, 2018
Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone; India plans to delay the imposition of retaliatory duties on U.S. goods, the trade ministry said on Thursday; Infosys' acquisition of US-based digital creative and consumer insights agency WongDoody Holding Company for $75 million could just be the beginning of many more deals in the pipeline; ONGC profit rises 58% in Q1 to Rs 61.4 bn on higher net realisation.


BusinessToday.In
New Delhi, August 3, 2018
Apple becomes first publicly listed US firm to hit $1 trillion stock market valuationApple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone. The iphone transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. India likely to postpone raising tariffs on U.S. goodsIndia plans to delay the imposition of retaliatory duties on U.S. goods, the trade ministry said on Thursday, to allow time to resolve disputes that worsened after President Donald Trump imposed tariff hikes on steel and aluminium. Trade differences between India and the United States have been rising since Trump took office Infosys CEO Salil Parekh bets on company's robust balance sheet to plan big acquisitionsInfosys' acquisition of US-based digital creative and consumer insights agency WongDoody Holding Company for $75 million could just be the beginning of many more deals in the pipeline - the company reportedly sees acquisitions as a key element in the three-year roadmap laid out by CEO Salil Parekh.ONGC profit rises 58% in Q1 to Rs 61.4 bn on higher net realisationState-run Oil and Natural Gas Corporation, ONGC has posted a 58 per cent increase in net profit during the first quarter of the financial year 2018-19 to Rs 61.44 billion, compared to Rs 38.85 billion on the back of higher net realisation owing to rise in prices. The company's gross revenue for the period under review was seen 43 per cent up at Rs 272.13 billion.Reliance Jio, SBI Announce Digital Partnership For Banking, Payments And Commerce ServicesAfter the Jio Payments Bank became operational (a 70:30 JV between RIL and SBI) Jio and SBI are deepening their partnership for customers. They are trying to provide a seamless experience with exclusive digital Banking, Payments and Commerce journeys to their customers. Jio and SBI are entering into a digital partnership aimed to increase SBI's digital customer base. For the same, the companies have announced SBI YONO. SBI YONO is an omnichannel platform offering digital banking, commerce and financial superstore services to customers. YONO's digital banking features and solutions will be enabled through the MyJio platform HDFC hikes interest rates on home loans by 20 basis pointsHDFC has hiked interest rates on home loans by 20 basis points, a day after RBI raised the benchmark repo rate by 25 bps to 6.5%. As per the new rates, women borrowers can avail a home loan of upto Rs 30 lakh at 8.7% while other customers will be charged a rate of 8.75%. New rates are effective from 1st August. For loans above Rs 30 lakhs women borrowers will be charged at 8.80% while other borrowers will be charged a rate of 8.85%.


PTI
July 17, 2018
Sentiment got a boost after global crude oil prices dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.


BusinessToday.In
May 25, 2018
The government is now mulling a 'windfall tax' on all oil producers like ONGC in an attempt to moderate fuel prices.


Mail Today Bureau
May 25, 2018
ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), on Thursday reported a 29.6 per cent jump in its net profit to Rs 981 crore for the fiscal year ending March 31, 2018 on the back of a higher output of crude oil and natural gas.


PTI
May 24, 2018



BusinessToday.In
May 23, 2018
The Sensex and Nifty closed lower today dragged by energy stocks such as Hindustan Petroleum Corp and Oil and Natural Gas Corp on rising concern that the government may ask state-owned oil firms to share the burden of higher petrol and diesel prices.The broader NSE Nifty closed 1.01 percent lower at 10,430, while the benchmark BSE Sensex fell 0.88 percent to 34,344. Both the indexes fell over 1 percent in the last hour of trading. SBI was the top Sensex gainer after the bank said worse of the bad loan situation was over in Q4 during its earnings announcement yesterday. NTPC and L&T were the other Sensex gainers. Tata Steel, ONGC and Dr Reddy's were the top Sensex losers. Drug firm Dr Reddy's Laboratories on Tuesday reported a 3.29 per cent fall in its consolidated net profit to Rs 302.2 crore for the fourth quarter ended March 31, 2018, mainly on account of continuing headwinds in the US.The company had posted a net profit of Rs 312.5 crore for the corresponding period of the previous fiscal.Vedanta fell 6.23 percent to its lowest close since June 30, 2017, after a court halted the proposed expansion of Vedanta Resources Plc's copper smelter in Tamil Nadu. On Tuesday, 11 people were killed when police fired on protesters seeking closure of the plant on environmental grounds.Metal stocks were the top losers with the BSE metal index falling 3.93% or 534 points to 13,076 level. The Oil and gas index was the second leading loser on BSE falling 3.45% or 491 points to 13,762 level after the government was said to be considering a decision to cut petrol and diesel prices which have hit all-time highs post Karnataka election results on rising brent crude prices.Market breadth was negative with 1110 stocks closing higher against 1544 stocks ending lower on BSE. 123 stocks were unchanged.


PTI
New Delhi, February 9, 2018
The company, which operates two refineries in Mumbai and Visakhapatnam in Andhra Pradesh, earned USD 9.04 on turning every barrel of crude oil into fuel in the third quarter.


PTI
February 9, 2018



BusinessToday.in
New Delhi, February 9, 2018
Oil and Natural Gas Corporation (ONGC) recorded a net profit of Rs 5,015 crore in quarter ending December 31, registering 15.2 per cent jump on QoQ basis. The net profit for this quarter is higher than Rs 4,352.33 crore in the same period a year ago.


PTI
February 9, 2018



Anilesh S. Mahajan
New Delhi, January 10, 2018
After his success at Indian Oil, B. Ashok takes on the challenge of building a mega refinery.


BT Online
November 15, 2017
Metal stocks a drag on Sensex, Nifty. BSE metal index down 2.43 percent at 13,927 level; Hindalco, Coal India and Hindustan Zinc top losers.


BT Online
October 30, 2017
Energy firms gained on higher crude prices as sentiment was upbeat in domestic and global energy stocks with Brent crude hitting its highest level since July 2015 after Saudi Arabia agreed to support the extension of a global oil production cut agreement. While Reliance Industries gained over 1 percent, the ONGC stock rose up to 4 per cent post its Q2 earnings.


PTI
New Delhi, October 29, 2017
State-owned Oil and Natural Gas Corporation (ONGC) on Saturday reported a 3.1 per cent rise in its second quarter net profit as impressive gain from rising oil prices were taken away by fall in government mandated natural gas rates.


Saurabh Sharma
New Delhi, November 8, 2016
Financial conditions of some PSUs are so bad that at least 74 units have been identified by NITI Aayog for closure. Some PSUs that have figured in closure list are Bird Jute and Exports, Hindustan Papers, Hindustan Photo Films, Tyre Corporation and Richardson & Cruddas. 


By Rajeev Dubey
Delhi, October 29, 2016
Seven changes in Top 10 and 19 in Top 25 mark the latest edition of BT500 rankings as markets punished the reckless. After a difficult year, India Inc can expect a sunnier 2016/17.


PTI
New Delhi, September 7, 2016
Net profit at Rs 4,233 crore, or Rs 4.95 a share, in April-June was 21.14 per cent lower than Rs 5,368 crore, or Rs 6.27 per share, in the same period a year ago, the company said in a statement.


BT Online
New Delhi, May 27, 2016
Extending its gains for the fourth straight session on Friday, the S&P BSE Sensex settled the day 287 points higher, while the broader Nifty50 ended above its key 8150-mark.


PTI
New Delhi, May 26, 2016
Country's biggest oil explorer ONCG on Thursday reported 12 per cent jump in the March quarter net profit as it reversed part of impairment losses and got back some of the fuel subsidy from the government.


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