Russian oil company Lukoil has signed a two-year agreement with Uzbek state-run energy firm Uzbekneftegaz to study an area of northern Uzbekistan, the firm’s chief executive said on Friday during a trip to Tashkent.
ICICI Securities, subsidiary of ICICI Bank, on Friday posted 8 per cent growth in profit after tax (PAT) at Rs 268 crore during the first half of this financial year compared to the same period last year.
To check rising onion prices, the Centre Friday directed co-operative Nafed to boost supply in the national capital from the buffer stock and also asked Mother Dairy to reduce the rates by Rs 2 per kg on the kitchen staple in all its Safal outlets.
The ongoing liquidity squeeze will slow down non-banks home loan disbursements, a report has said.
Drug maker Lupin said on Friday that the US Food and Drug Administration has issued five observations after inspecting its Pithampur based manufacturing unit, sending its shares down by close to 2 per cent.
Mining baron Anil Agarwal has indicated that he is open to raising bid for acquiring Essar Steel, saying his flagship Vedanta Ltd is the best suited to take over the indebted firm as it is an iron ore as well as natural gas producer - key ingredients for making steel.
Indo-German joint venture Schott Tubing India, which manufactures glasses and tubes for drug packaging, is investing 20 million euros (around Rs 180 crore) at its Jambusar facility in Gujarat to add capacity by 50 per cent.
Non-banking financial companies (NBFCs) are likely to witness severe cash crunch due to the near-term maturity of commercial papers (CPs) subscribed by mutual funds, affecting sectors reliant on them for funding, especially the two-wheeler segment, warns a report.
Tyre major MRF-owned toy manufacturer Funskool is tapping export markets to drive its sales and is also expanding its capacity, a top company official has said.