Public sector oil marketing companies (OMCs) Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation will bear the financial brunt of the Rs 100 per cylinder price cut announced on Friday. Liquefied petroleum gas (LPG) prices were dropped by Rs 100 per 14.2-kg cylinder for all residential LPG consumers on Saturday by the OMCs,…
During the months of January through March, Wipro’s net profit increased somewhat sequentially by 0.70% to Rs 3,074.5 crore, falling short of the Rs 3,129 crore Bloomberg consensus estimate. The period’s revenues, which were similarly less than the projection of Rs 23,460 crore, were down 0.16% sequentially to Rs 23,190 crore. The board of directors…
Steel producers, led by JSW Steel and Tata Steel, have reported record production in the March quarter despite erratic domestic demand and unrest around the world. According to Tata Steel, the slowdown in its global operations was a major factor in the minor increase in its consolidated production, which increased to 7.59 million tonnes (7.55…
Hindustan Unilever, a major FMCG company, increased its consolidated net profit by 7.86 percent to $2,481 billion for the quarter that ended in December from $2,300 billion in the same quarter last year.Comparing the net profit to the Rs. 2,670 crore profit from the prior quarter, the net profit decreased by 7% sequentially. In comparison…
