In a filing to the Bombay Stock Exchange IOC said the shareholders, by way of postal ballot, has approved theissuance of bonus shares in the ratio of 1:1.
Indian Oil Corporation Ltd is to submit an expression of interest to acquire the marketing assets of an oil company in Thailand.
IOC owns about 74 per cent in BRPL and the merger would be effective on Wednesday, the company said in a statement to the Bombay Stock Exchange. Shareholders of BRPL will get four shares of IOC for every 37 shares they held.
State-owned Indian Oil Corp on Friday reported a 16 per cent drop in fourth quarter net profit to Rs 55.57 billion (Rs 5,556.77 crore) as it was not fully compensated for selling fuel below cost.
The board of directors of Indian Oil Corporation on Wednesday decided to sell up to 50 per cent and 20 per cent of its take in Gas Authority of India Ltd
Indian Oil Corporation on Friday reported a 23 per cent decline in net profit at Rs 949.72 crore (Rs 9.49 billion) for the quarter ended September 30, 2005.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Asian shares ended higher after a string of positive US economic data.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Asian shares ended higher following a relief rally in global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
Markets ended in green on rate cut hope.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Markets ended at record closing highs for the second day in a row on institutional buying.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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