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Bajaj Auto Q3 net up 5% at Rs 901 crore
Posted on 4th February 2016
Two-wheeler major Bajaj Auto reported a 5% growth in net profit at Rs 901 crore for the quarter ended December 2015. It was Rs 861 crore in the same period a year ago.

However, sales declined 2% to Rs 5,564 crore as against Rs 5,657 crore in December 2014.

The margins were at 21% as compared to 21.6% a year ago.

The company said that exports to Egypt and Nigeria were impacted the most during the quarter.

At 1400 hours, the company's stock on BSE was trading 1.4% lower at Rs 2,314 apiece.

Related Companies: Bajaj Auto Limited   

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Infosys completes acquisition of 75 pc stake in ABN AMRO Bank subsidiary Stater
Posted on 24th May 2019
New Delhi: IT services major Infosys on Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank's wholly-owned Stater NV.

In March, the country's second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore). ABN AMRO continues to hold the remaining 25 per cent.


OVL FY19 net profit jumps 71 pc on rise in oil production
Posted on 24th May 2019
New Delhi: ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), on Friday reported a 71 per cent jump in its 2018-19 fiscal year net profit on the back of a spike in crude oil production.

Consolidated net profit in April 2018 to March 2019 period at Rs 1,682 crore was 71.4 per cent higher than Rs 981 crore net profit in the previous financial year, the company said in a statement here.


SBI to engage with 1 lakh customers on Tuesday to resolve concerns
Posted on 24th May 2019
The country's largest lender SBI will conduct a customer outreach programme next week to address their queries and seek suggestions to improve services.

The 'Mega Customer Meet', to be held on Tuesday, is expected to engage with 1 lakh bank customers across 500 locations through 17 local head offices across the country.


Air India sale: EY back on job, EoI to be ready soon
Posted on 24th May 2019
The government has put top consultancy firm EY to work for divesting its stake in flag carrier Air India and "quickly" issue expression of interest (EoI).

"EY continues to be the transaction advisor for the sale of Air India. We have been directed to close the accounts for FY 2018-19 and provide updated data for EoI to take the disinvestment process forward," said a senior Air India official.


Ashok Leyland reports 12% decline in Q4 net profit at Rs 652.99 cr
Posted on 24th May 2019
Commercial vehicle major Ashok Leyland Friday reported 12.12 per cent decline in net profit at Rs 652.99 crore for March quarter, 2018-19.

The company posted a profit of Rs 743.12 crore for the same period of 2017-18.


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