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BPCL reports 16% rise in Q4 net profit

Bharat Petroleum Corporation (BPCL) has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 16.21% in its net profit at Rs 3,124.91 crore for the quarter under review as compared to Rs 2,688.97 crore for the same quarter in the previous ... Read More »

Hulst B.V. hikes stake in NIIT Technologies

Hulst B.V. has acquired 23,879 equity shares with face value of Rs 10 each of NIIT Technologies, on May 20, 2019. After this acquisition, the entity’s stake in the company has increased from 31.65% to 31.68%. NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, ... Read More »

Indian Terrain Fashions signs MS Dhoni as brand ambassador

Indian Terrain Fashions has signed cricketer MS Dhoni as its brand ambassador. The company is targeting to achieve turnover of Rs 650 crore in the next 3 years and to double its retail network to 300 outlets. Indian Terrain Fashions is engaged in the business of manufacture and sale of ... Read More »

ICICI Bank inks pact to buy stake in INX

ICICI Bank has entered into an agreement with the BSE to buy stake in its subsidiary India International Exchange (INX) for nearly Rs 31 crore. Post the proposed investment, ICICI Bank would have a shareholding of up to 9.9% in INX. ICICI Bank is India’s largest private sector bank by ... Read More »

CCI dismisses complaint against Cipla, BCDA

The Competition Commission of India (CCI) has dismissed a complaint against Cipla and the Bengal Chemist and Druggists Association (BCDA) over alleged non-supply of medicines. While dismissing the complaint, the fair-trade regulator said the complainant tried to give a commercial dispute between him and Cipla a colour of competition issue. ... Read More »

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