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Central Government considering New Urea Policy in 2015
With no Greenfield or Brownfield investment happening on the fertiliser production segment since 1999, the central government is considering framing a new urea policy, a union minister told the Lok Sabha on Tuesday.
According to Minister…
Wipro Ltd. Net Profit up 11 Percent in Fiscal 2014-15
IT bellwether Wipro Ltd. on Tuesday evening reported net profit of Rs.8,653 crore for the just-concluded fiscal 2014-15, registering 11 percent year-on-year (YoY) growth, as per the Indian accounting standard.
In a regulatory filing to…
38-Year-Old Rishad Premji joins Wipro Board
Software major Wipro Ltd. on Tuesday appointed its chairman Azim Premji's 38-year-old son Rishad Premji to the board as a director from May 1.
"Rishad will continue to run strategy and mergers and acquisitions (M&A) in addition to…
Government to auction 69 Marginal Fields of ONGC, Oil India
The government will soon auction 69 marginal oil and gas fields to be surrendered by state-run Oil and Natural Gas Corp. (ONGC) and Oil India, a top official said on Tuesday.
"Marginal field policy will have approval soon for 69 fields…
Gold Sales to rise 25 Percent on Akshaya Tritiya
To usher in good luck in their lives on the occasion of Akshaya Tritiya, buyers have already started trickling in at various jewellery shops on Tuesday and retailers expect sales to be higher by 25 percent over a usual day. Akshaya Tritiya…
BSE Sensex trades 104 Points down; Healthcare Stocks hit
Continuing on a downward spiral for the fifth successive session, a benchmark index of the Indian equities markets, the 30-scrip BSE Sensex, closed Tuesday's trade 210 points or nearly one percent down as healthcare and automobile stocks…
HCL Technologies Net Profit up 3.6 Percent in Third Quarter
Global software services major HCL Technologies Ltd. has posted Rs.1,683 crore net profit for third quarter (January-March) of fiscal 2014-15, registering 3.6 percent growth year-on-year (YoY). Sequentially, however, net profit declined…
Lanco Infra sells Udupi Plant at Rs.6,300 Cr to Adani Power
Lanco Infratech on Monday announced the successful closure of the sell-off of its Udupi power plant to Adani Power, making it the largest acquisition till date in India's thermal power sector. The transaction was announced in August 2014,…
Hindustan Zinc earns Rs.8,178 Cr Net Profit in 2014-15
Vedanta Group-owned zinc, lead, silver and cadmium miner Hindustan Zinc Limited (HZL) on Monday said its net profit during April 2014-March 2015 period increased by 18.44 percent at Rs.8,178 crore against Rs.6,904.62 crore during the…
Sensex trades 125 Points Down; Healthcare Stocks Hit
A benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading in the red during the pre-afternoon trade session on Tuesday. It was down nearly 125 points or 0.45 percent.
The wider 50-scrip Nifty of…