FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent......

It's raining bad news for Jet Airways

In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12. Cash-starved Jet Airways......

BPCL, Indian Oil to revive premium petrol brands on excise cut

After a hiatus of nearly two years, branded petrol has again begun flowing in the retail market. The reduction of central excise duty on branded petrol, from Rs 7.50 a litre to Rs 2.35 a litre, has......

ONGC's non-tax dole to govt touches Rs 50,000 cr this fiscal

When the government approved a 10 per cent stake sale in state-run IndianOil Corporation Limited in January this year, directors at the Oil and Natural Gas Corporation and Oil India cringed. For......