In a move that will be closely watched by other bourses, the Bombay Stock Exchange (BSE) has decided to introduce delivery-based stock futures and options contracts (F&O) from February. The move comes six months after the capital market regulator gave the go-ahead for delivery-based …

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State-owned ONGC today reported a over two-fold jump of its net profit at Rs 7,083 crore for the quarter ended December 31, 2010 as it got a one-time settlement charge on natural gas dues. During the same period a year ago the company’s had registered a net profit of Rs 3,054 crore…

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ICICI Bank posted net profit (consolidated) of Rs 2,039 crore for the third quarter ended December 31, 2010, up 77.5 per cent from Rs 1,149 crore in the corresponding quarter last fiscal. Total income for the quarter was up 8.7 per cent at Rs 15,415.8 crore from Rs 14,176.8 crore. Oper…

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New Delhi, Jan 22 (PTI) Hinduja flagship firm Ashok Leyland today reported 58.55 per cent fall in its net profit for the quarter ended December 31, 2010, at Rs 43.37 crore. The company had posted a net profit of Rs 104.63 crore in the year-ago three-month period, Ashok Leyland said in a …

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Backed by robust growth in net interest income, State Bank of India (SBI) today reported a 13.45 per cent increase in consolidated net profit to Rs 3,806.49 crore for the third quarter ended December 31. The bank’s consolidated net profit in the third quarter of 2009-10 was Rs 3,354.94…

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New Delhi: A day after the Government came under attack from the supreme court over black money stashed abroad, Prime Minister Manmohan Singh has raised the issue in the cabinet. The issue could see the Government facing fresh opposition attack in the Budget session. And sources told CNN…

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Sluggish market, inflation take toll; BofA-ML survey finds optimism on global growth. The slowing reforms, lack of enough government spending and high inflation have hit investment sentiment in the country. Foreign institutional investors (FIIs) have increased their underweight (bearish…

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Tata Steel today said it has raised Rs 507.82 crore through allotment of about 83 lakh shares to a clutch of anchor investors at the upper end of price band of its public offer, which is open for subscription. “Committee of the board of directors of the company by a resolution date…

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A day ahead of its follow-on public offer, Tata Steel today said it will double its investments on European operations to 400-425 million pounds (Rs 2,900-3,000 crore) annually in the next couple of years to increase productivity. “Our focus in Europe is on restructuring… We …

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