Truck rentals, for instance, on the Delhi-Mumbai-Delhi trunk route have increased by 13% to Rs 97,500 in the last two months (August 2 to November 2) while the variation in diesel prices for the same period has been Rs 5.71.
The Ministry of Corporate Affairs has issued preliminary notices to nearly 300 companies for not complying with CSR spending requirement under the companies law for 2015-16, a senior government official said.
Optimus and Optrix are Hyderabad-based companies that are owned and controlled by the same management and are engaged in the business of researching, developing, manufacturing, marketing and distribution of active pharmaceuti
Fortis Healthcare stated on Monday that all approvals required for fund infusion of Rs 4,000 crore from IHH Healthcare Berhad is in place while also indicating that the transaction is likely to be completed shortly.
EHL plans to dilute up to 60% of its holdings in Equitas Small Finance Bank in favour of its existing shareholders and remain a non-operating core investment company till it gets regulatory approvals to merge with the bank.
State Bank of India on Monday reported a net profit of Rs 945 crore in the September quarter of FY19, more than 40% lower on year-on-year (y-o-y) basis, as non-interest income fell 26% y-o-y to Rs 7,814.5 crore.
Even though earnings before interest taxes, depreciation and amortisation (Ebitda) was up by 12.5% (y-o-y) to Rs 7,377.4 crore, Ebidta margin — an indicator of operating profitability — fell by 130 basis points to 89.1%.