Business

According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

India's total wireless subscriber base fell to 1,161.8 million on March 31, 2019, shedding 21.87 million users over the previous month, according to data released by the Telecom Regulatory Authority of India recently.

An investigation by the ministry of corporate affairs (MCA) has reportedly found that addresses provided by DHFL subsidiaries and its associated companies did not exist.

Yes Bank entered into the asset management business in April 2017 with Yes Asset Management, a wholly-owned subsidiary. As on 31 March 2019, the company was managing assets worth Rs 2,000 crore.

Manpasand Beverages’ statutory auditor Deloitte Haskins and Sells had resigned in May 2018 ahead of the declaration of March quarter financial results that year.

The stock market indices have seen a run-up since the time exit polls predicted that the Narendra Modi-led National Democratic Alliance (NDA) will comfortably manage majority in the Lok Sabha elections 2019.

Ola has laid off about 40 mid- to entry-level employees and terminated contracts of most of its 1,500 food delivery executives, according to a media report.

At the interbank foreign exchange, the domestic unit opened almost flat at 69.70 against the dollar and then it strengthened by 5 paise to quote at 69.67 in early trade.

The company has also taken Maaza beverage off the list, a fruit based drink brand from Coca-Cola.

Aurobindo Pharma added it is confident that these OAI classifications will not have an impact on disruption of supplies or the revenue from operations of these facilities.

The US and China are significantly raising import duties on each others' products. In international commerce parlance, trade war means increasing import duties by trading partners.

On the currency front, the rupee appreciated marginally to 70.31 against the US dollar in early trade.

The crisis at IL&FS, which is estimated to have a debt burden of over Rs 94,000 crore, came to light last year after some group companies defaulted on debt repayments.

Darwin Platform Group, which has investments across various sectors including oil and gas, hospitality and realty, among others has offered Rs 14,000 crore to acquire the grounded airline.

Forex traders said, besides the US-China trade concerns, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on the Indian rupee.

At 11:57am, the S&P BSE Sensex was up 96.29 points, or 0.25% to 38,696.63, while the Nifty 50 index was up 19.30 points, or 0.17%, to 11,617.55.