State-owned Indian Oil Corp (IOC) on Monday reported a 25 per cent jump in first quarter net profit, as it also declared a 1:1 bonus share.

Net profit of Rs 8,268.98 crore, or Rs 34.90 a share, in April-June was 25.46 per cent higher than Rs 6,590.83 crore, or Rs 27.81 per share, net profit in the same period a year ago, the company said in a regulatory filing.

Shares of information technology (IT) companies are under pressure with Wipro, NIIT Technologies, Hexaware Technologies and Tata Elxsi, hitting their respective 52-week lows on the BSE.

At 12:36 pm, the S&P BSE IT index, the largest loser among sectoral indices, was down 1.1% or 123 points at 10,267, as compared to 0.02% decline in the benchmark S&P BSE Sensex. The IT index hit an intra-day low of 10,230, its lowest level since February 29, 2016.

Country’s top mobile operator Bharti Airtel has launched a set of innovative data packs for its pre-paid customers allowing them to save on data costs substantially on subsequent recharges.

Airtel has launched a Rs 1,498 pack which offers 1GB 4G/3G data upfront with a validity of 28 days. Post exhaustion of this data limit, the customer can have 1GB 4G/3G recharges for Rs 51 over a period of 12 months. There is no limit on the number of recharges during the period.

Tata Motors has moved higher to its 52-week high of Rs 523, up 4% on the BSE in early morning trade on Monday, on expectations of continued robust volume growth going forward.

Analysts at Religare Institutional Research expect strong volume growth to continue for Jaguar Land Rover (JLR) with XE available globally, gradual availability of the newly launched F-Pace and Evoque Convertible across markets in FY17, and the launch of Jaguar XFL by the China JV.

Kolkata: Coal India Ltd has budgeted for a capital expenditure of Rs.7,765 crore in the current year to expand mining capacity as the world’s biggest coal miner pursues an aggressive production growth target of 13% year-on-year.

In addition to that, the company is looking to spend Rs.5,069 crore on other projects, which include building railway tracks to connect mines, setting up a super critical thermal power plant and reviving fertilizer plants.

The Indian Space Research Organisation (ISRO) is gearing up to test its scramjet engine on Sunday while the launch of weather satellite INSAT-3DR with the geosynchronous satellite launch vehicle (GSLV-MkII) has been postponed to September, a senior official said on Saturday.

India’s rocket port is located at Satish Dhawan Space Centre (SDSC) in Sriharikota in Andhra Pradesh around 80km from here.

MUMBAI: Tata Motors on Friday reported a 57% decline in consolidated net profit at Rs 2,260.40 crore for the first quarter ended June 30, due to post Brexit adverse foreign exchange impacting its British arm JLR.

The city-based company had posted a consolidated profit of Rs 5,254.23 crore in the same period last fiscal, Tata Motors said in a BSE filing.

Washington: India and Pakistan should continue a dialogue process to address their differences and issues, including Kashmir, the US has said as it asked the two nations to refrain from indulging in rhetoric.

“What I would say that the extent to which both countries are seeking to continue a dialogue process that will do more to address concerns and tensions than perhaps other approaches.

Cairn India and its joint venture partner ONGC have drawn up a 10-year roadmap for development of their Barmer hydrocarbon block in Rajasthan. The plan brings the exploration firms a step closer to getting an extension of the block’s lease by 10 years beyond 2020, when the current lease ends.

On July 28, the Delhi High Court asked the Centre to decide “within five weeks” whether it will extend the production-sharing contract (PSC) for the block — RJ-ON-90/1, spread over 3,111 sq km west of Barmer.

Infosys on Friday said it would provide a clearer revenue growth guidance after September.

The management also said in an analyst meet the company’s performance in the second quarter would be better than in the first.

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