State-run Oil and Natural Gas Corporation (ONGC) today reported a fall of 16 per cent in its net profit at Rs 2,206.76 crore for the fourth quarter ended March 31, 2009, over the same period last year.The public sector oil and gas explorer had a net profit of Rs 2,627.10 crore during the …

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C P Gurnani was today appointed CEO of Mahindra Satyam — the new brand identity of Satyam Computer Services — while Sanjay Kalra was made CEO of Tech Mahindra. Besides, S Durga Shankar was appointed as the Chief Financial Officer (CFO) of Mahindra Satyam while Vineet Nayyar takes over…

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KEC International, a global leader in the power transmission EPC business and an RPG group company, has bagged three orders totaling to Rs 110 crore. One of the orders is in Peru, in the South American continent and two in Chhattisgarh. The company has successfully re-entered the South A…

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Siemens Ltd. said on Monday that it has bagged a significant repeat order from Vedanta Aluminium Ltd. (VAL) to provide high voltage power distribution systems for the second phase of expansion of their Jharsuguda, smelter plant at Orissa. The Rs1.12bn power augmentation package for Phase…

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After two days of deliberations on drawing up the road map for the fraud-hit Satyam Computer Services at the ‘Leadership Meet’ that concluded here on Sunday, Tech Mahindra has given the IT outsourcing company a new brand identity — Mahindra Satyam. The logo will be adopt…

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The stock remained firm and finally ended with a gain of 7.5% at Rs 162. It has gained 22% in the past month. Around 963,830 shares were traded at the counter on the BSE today.Opto Circuits India has surged in early trades backed by strong Q4 numbers.The stock opened Rs 5 higher at Rs 155…

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NEW DELHI: The government will ‘positively’ consider selling 10% stake in state-run engineering firm Bharat Heavy Electrical Ltd, minister of heavy industries Vilasrao Deshmukh said on Friday. The government currently owns 67.7% stake in Bhel and the stake sell can fetch Rs 1…

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IRB Infrastructure Developers has surged on hopes of winning the bid for the NH-15 in Punjab.The stock opened 7% higher at Rs 140 and slipped to a low of Rs 134. Soon it surged 9% to a high of Rs 143. The stock is currently up 4.3% at Rs 137. Over 631,000 shares have been traded on the BS…

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MUMBAI: Manufacturer and supplier of Indian-made foreign liquor Tilaknagar Industries on Thursday said its shareholders have approved to issue 41.70 lakh convertible warrants to a promoter of the company on preferential allotment basis. Shareholders of the company has approved the allotm…

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Manufacturer of healthcare devices Opto Circuits India today said its consolidated net profit for the fourth quarter ended March 31, 2009, rose by 62 per cent at Rs 55.37 crore, over the same period last year.The company had a net profit of Rs 34.20 crore in the same period ended March 20…

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