Under-recoveries strike oil PSUs again in Q2 — IOC net dips 23 pc to Rs 950 cr
THE non-realisation of market related prices for petroleum products has affected the net profit that the public sector oil major Indian Oil Corporation Ltd has reported during the second quarter. IOC has recorded a 23-per cent dip in net ... More

BPCL net loss at Rs 20 crore
BHARAT Petroleum Corporation Ltd posted a net loss of Rs 20.3 crore for the quarter ended September 30. The company had registered a net profit of Rs 32.14 crore in the corresponding period last year. BPCL's net sale during the second quarter ... More

IOB mulls foray into non-life insurance with Allahabad Bank — May rope in other banks, foreign partner
INDIAN Overseas Bank is seriously considering getting into non-life insurance business jointly with Allahabad Bank. It hopes to rope in a couple of other banks and a foreign partner into this venture. The bank believes there is a good business ... More

L&T net profit drops 67 pc in Q2 — Slump due to one-time gain in previous year
Larsen & Toubro has reported a 67 per cent decrease in its net profit for the second quarter of the current fiscal; this was on account of a one-time profit of Rs 353 crore from sale of shares in its cement division that had plumped up its ... More

Wipro best suited for large-scale SAP projects: Forrester
FORRESTER Research Inc, in an independent survey, has ranked Wipro Technologies, the global IT services division of Wipro Ltd as the "leader best suited for large-scale, global SAP projects." Forrester evaluated Wipro's current offering and ... More

VisualSoft to restructure operations — Combined entity to notch up $70 m revenues
THE merger of VisualSoft Technologies Ltd, AppLabs Technologies and eSolutions is likely to be completed by the fiscal-end and the combined entity of VisualSoft, which will be the flagship company, is likely to notch up revenues of about $70 ... More

Inflation up on costlier manufactured items
THE annual wholesale price index-based inflation went up 4.71 per cent on a yearly basis during the week ending October 15, higher than the previous week's 4.62 per cent. The rise in the year-on-year inflation was largely due to an increase in ... More

Sensex sheds 113
STOCK prices continued to reel under bearish sentiment with BSE Sensex moving down by another 100 points on Friday even as mutual funds continue to remain net buyers this month. However, FIIs are net sellers this month. Mixed corporate results ... More

MoU signed for $64-million Pan-African network project
INDIA has signed a memorandum of understanding (MoU) with the African Union to take up a project to digitally inter-connect all the 53 countries of the continent. The Pan-African Network Project (PANP), initiated by the President, Mr A.P.J. ... More

Bajaj Auto's electric 3-wheeler may hit roads next year
`ECORICK', Bajaj Auto's battery-powered 3-wheeler is likely to hit the roads next year. The vehicle was on display at an exposition held here by SAEIndia earlier this week. The vehicle would cost around Rs 1.25 lakh — around Rs 35,000 ... More