State-run Oil and Natural Gas Corporation (ONGC) has posted a 21.1 per cent decline in net profit for the June quarter to Rs 4,233 crore against Rs 5,368 crore in the year-ago period, owing to a drop in production.

Gross revenue also dipped 21.4 per cent to Rs 17,784 crore against Rs 22,628 crore during the period of the previous year. Due to a dip in international prices, no discount was given by the company to oil marketing companies for the quarter, while it was Rs 1,096 crore during the same period a year ago.

German luxury carmaker Mercedes- Benz today launched the petrol version of its premium SUV 'GLS 400 4MATIC' priced at Rs 82.90 lakh (ex-showroom Delhi).

With the launch of the new vehicle, the company said it has completed offering petrol option along with diesel variants for all the models that it sells in India.

Diversified group GMR on Wednesday said it plans to spend $700 million on airport projects in Cebu, the Philippines and Goa in a little over three years.

Currently, GMR is operating airports in the national capital, Hyderabad and Cebu under different public private partnerships.

Mumbai: To beat competition from its own peers and private players, state-run Hindustan Petroleum Corp. Ltd (HPCL) has decided to experiment with dynamic fuel pricing at its fuel retail outlets, said two senior HPCL officials, on the condition of anonymity.

Currently, HPCL has launched dynamic pricing at a few of its retail outlets on a pilot basis, to be extended to other outlets across the country at a later stage.

The National Highways Authority of India (NHAI) today said it has awarded a Rs 820 crore highway project in Rajasthan to PNC Infratech.

“NHAI has issued letter of award (LOA) for development of NH-11A (Extn) 4-laning/2-laning with paved shoulder of Dausa-Lalsot-Kauthun section to PNC Infratech Ltd,” NHAI said in a statement.

Indian Oil Corporation will on September 9 send seven tankers of diesel and kerosene to Tripura via Bangladesh for the first time to avoid fuel crisis in the North Eastern state, as the dilapidated condition of NH-44 in Assam has made the transportation difficult.

IndianOil-AOD, the company’s North East division, will move kerosene and diesel from Betkuchi depot in Guwahati to Dharmanagar depot in Tripura in the first consignment through the neighbouring nation.

Mahindra & Mahindra (M&M) has rebranded its electric mobility portfolio as Mahindra Electric aiming for a greater focus on technology and launch more electric models, besides supplying powertrains to other manufacturers.

Under the umbrella brand Mahindra Electric, the company will manufacture electric cars, license out electric vehicle technologies, electrify new and existing platforms and help deliver integrated zero emission mobility solutions.

Software services firm Wipro has bagged a three-year IT contract from NSB Group, one of Norway’s largest transportation groups.

As part of the agreement, Wipro will implement its datacenter (BLDC) and workspace solutions and utilise its delivery framework to deliver services that will help NSB variablise their IT operations, Wipro said in a statement.

Bharat Heavy Electricals Limited (BHEL) shares soared as much as 16.66 per cent on Wednesday after the company posted 54.21 per cent increase in its net profit at Rs 77.77 crore for the quarter ended June 30, 2016 as compared to Rs 50.43 crore in the same quarter last year. Total income of the company jumped by 20.84 per cent to Rs 5,871.78 crore for the quarter under review from Rs 4,858.95 crore in the same quarter last fiscal. At 2.58 pm, shares of the company were trading 14.67 per cent up at Rs 158.45.

The oldest bourse in Asia, Bombay Stock Exchange (BSE) is all set to file the draft prospectus for its initial public offering. Yes, like many other stock exchanges across the globe, BSE is looking to list itself on the exchange, as reported earlier. This might not come as a surprise a to veteran stock analysts but to the investors it surely is.

Business Standard brings you a report on what you, the investor, should know about this huge IPO.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.