q1 results, earnings, companies, india inc, corporate

Lower expenses helped oil explorer register profit in Q1 FY24

q4 earnings, companies results

Sequentially, the company's quarterly net profit rose 2.4%. In the previous quarter, profit after tax had stood at Rs 1,746.10 crore

Oil India, gas blowout

Revenue from operations stood at Rs 5,649.65 cr in Q4FY23, rising by 26.15% from Rs 4,478.61 cr in Q4 of the previous fiscal

Oil India, Oil India plant

State-run explorer Oil India reported a bigger-than-expected 40% jump in third-quarter profit on Friday, aided by increased production and better price realisation

Net profit at Rs 1,630.01 crore in January-March was almost double of Rs 847.56 crore profit in the same period of last year, OIL Director (Finance) Harish Madhav told reporters

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State-owned Oil India Ltd on Friday reported 37 per cent jump in third quarter net profit as it benefitted from a rise in international oil prices.
Net profit of Rs 1,244.90 crore in October-December 2021 is compared with Rs 903.69 crore net profit a year back, the company said in a statement.
Total income jumped 88 per cent to Rs 4,705.20 crore in the three-month period ended December 31, 2021.
"Average crude oil price realization for Q3 2021-22 is USD 78.59 per barrel as compared to USD 44.09 for Q3 of 2020-21, increase of 78.25 per cent," it said.
Also, natural gas price rose to USD 2.90 per million British thermal unit from USD 1.79.
While natural gas production rose 18 per cent to 0.793 billion cubic meters in Q3, crude oil production was almost unchanged at 0.75 million tonne.
Board of OIL declared a second interim dividend of Rs 5.75 per share for 2021-22 which resulted in total interim dividend till date of Rs 9.25 per share for the fiscal year.
For nine months ended Dec

Crude oil, Brent Crude, oil production

Consolidated total income during the period under review stood at Rs 7,420.13 crore, up from Rs 5,598.55 crore a year ago

Q4 results: Early birds disappoint; combined net of 104 firms down 0.5%

Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back

Oil India Q2 net profit drops 42% to Rs 381 crore on blowout expense

Out of Rs 227.51 crore, Rs 134.12 crore has been booked during September quarter.

Oil India likely to exit US, Russia blocks; to stay in Venezuela

Oil India Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20

It had reported a pre-tax profit of Rs 89.22 crore in the corresponding period of 2018-19

The company realised crude oil at $61.30 per barrel during the September quarter

Oil India Q1 profit falls 9% to Rs 450 cr; beats estimates

Analysts on average had expected the company to post a profit of Rs 430 crore

This is despite posting highest-ever crude oil production of 3.277 million tonnes

It was hurt by one-time charge on pre- & post-discount price of crude oil paid to a state govt

Collection in H1 over 50% of BE of Rs 27,625 cr

Union Civil Aviation Minister Jyotiraditya Scindia and Railways Minister Ashwini Vaishnaw have been coordinating in recent months on these projects

PM Gatishakti: 3 upcoming airports on fast track to get rail connectivity

airport

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

markets

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Union Home Minister Amit Shah on Saturday said that Prime Minister Narendra Modi took the country forward on the path of progress in the last two months

Amit Shah

The Union government gave a nine-month extension in service "on contract basis" to CBDT Chairperson Nitin Gupta on Saturday, the day of his scheduled retirement.
Gupta (60), a 1986-batch Indian Revenue Service (IRS) officer of the Income-tax department, was appointed the Central Board of Direct Taxes (CBDT) head in June last year.
He was scheduled to retire on September 30.
The government order said the Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Gupta as the CBDT Chairman on a contract basis, with effect from 1.10.2023 till 30.06.2024, or until further orders, whichever is earlier, in relaxation of the recruitment rules, on usual terms and conditions applicable to re-employed central government officers.
The CBDT is the apex policy-making body for the Income-tax department. It is headed by a chairman and can have six members who are in the rank of special secretary.

Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT)

Prime Minister Narendra Modi on Saturday said the Aspirational Districts Programme that brought change in 112 districts will form the basis of a programme to uplift aspirational blocks, adding that he will be back next year to review its success.
Addressing a programme here to launch the 'Sankalp Saptaah', linked to the implementation of the Aspirational Blocks Programme, the prime minister said the Aspirational Districts Programme has changed the lives of more than 25 crore people in 112 districts.
These aspirational districts have now become "inspirational districts", he said.
"Similarly, in the next one year, out of the 500 aspirational blocks, at least 100 will become inspirational blocks," the prime minister said as he urged officials of several ministries to pick 100 blocks that are lagging behind in their respective departments and bring them above the national average on various parameters.
"I am sure, in 2024, we will meet again in October-November ... and evaluate the ...

Prime Minister Narendra Modi, PM Modi

To encourage farmers to diversify from traditional paddy cultivation to commercially viable farming, the Bihar government has come out with several incentives and subsidies for planting aromatic and medicinal plants in the state.
The state agriculture department has come out with several incentives for farmers to promote cultivation of 'lemongrass', 'palmarosa', 'shatavari', 'tulsi', mulberry', 'khas', 'gooseberry', 'bael', 'tamarind', 'jackfruit', and lemon plants.
Bihar Agriculture Minister Kumar Sarvjeet told PTI on Saturday that, "The government is coming out with several incentives and subsidies to farmers to help cultivate aromatic and medicinal plants in the state. The growing health awareness has created a lot of opportunities for innovation in the agriculture sector and the government is helping farmers to exploit this opportunity. This is the time Bihar farmers must opt from traditional paddy cultivation to commercially viable farming".
This scheme will be implemented main

farmers, agriculture, farm

The US is on the brink of a federal government shutdown after hard-right Republicans in Congress rejected a longshot effort to keep offices open as they fight for steep spending cuts and strict border security measures that Democrats and the White House say are too extreme.
Come midnight Saturday with no deal in place, federal workers will face furloughs, more than 2 million active duty and reserve military troops will work without pay and programs and services that Americans rely on from coast to coast will begin to face shutdown disruptions.
The Senate will be in for a rare Saturday session to advance its own bipartisan package that is supported by Democrats and Republicans and would fund the government for the short-term, through Nov. 17.
But even if the Senate can rush to wrap up its work this weekend to pass the bill, which also includes money for Ukraine aid and U.S. disaster assistance, it won't prevent an almost certain shutdown amid the chaos in the House. On Friday, a ...

US Fed Reserve, Fed Reserve

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Bidhuri may be a small fry in the larger calculus of the party. Yet, in his blundering and uncultured way, he was voicing in Parliament what has already been normalised on the streets

Bidhuri

Experienced striker Vandana Katariya, vice-captain Deep Grace Ekka and Deepika slammed a hat-trick each as India stormed into the semifinals of the women's hockey competition at the Asian Games with a 13-0 drubbing of Hong Kong in their final pool match here on Tuesday.
Vandana (2nd, 16th, 48th minutes) scored three field goals, while Deep Grace (11th, 34th, 42nd) converted three penalty corners for India. Deepika (4th, 54th, 58th) was not to be left behind as she also emulated the feat of her senior teammates in India's rout of Hong Kong.
Sangita Kumari (27th, 55th), Monika (7th) and Navneet Kaur (58th) also registered their names on the scoresheet.
India are on top of Pool A with 10 points from four games and have much superior goal difference than second-placed side South Korea who have seven points with a match in hand. South Korea take on Malaysia in their final group league match later on Tuesday.
Two teams from each pool qualify for the semifinals.
It was a complete dominat

India women's hockey team

The Indian men's kabaddi team, who are a record seven-time champions, began their campaign with an emphatic 55-18 win over Bangladesh in a group fixture at the Asian Games here on Tuesday.
In their bid to regain the Asian Games gold medal, the Indians, who slipped to a bronze at the 2018 edition, took a 24-9 lead at the half-time.
Naveen Kumar Goyat and Arjun Deshwal spearheaded their raids in style to inflict the first all-out in the 12th minute.
Bangladesh managed to inflict two supertackles in the first half on Pawan Sehrawat and then on Goyat but that proved insufficient as India took 12-point lead inside 20 minutes.
Bangladesh faltered in their raids as the Indians extended their lead in the second-half and sealed the issue.
The women's kabaddi team, who were the last edition's silver medallist, endured a disappointing start after being held to an unexpected 34-34 draw by Chinese Taipei on Monday.
In the men's event India find themselves clubbed with Bangladesh, Chinese Taip

Asian Games India Kabaddi full schedule 2023

With Chromebook Plus, Google promises doubles down on the performance and introduces artificial intelligence capabilities

Google, Chromebook, Google chromebook plus, chrome book plus, chromebook laptops, chromebook plus laptop

Reigning world champion Ojas Deotale blazed his way to the final with a perfect score of 150, while veteran Abhishek Verma also shone bright to set up an all-Indian gold medal clash and assure the county of a top-two finish in the men's individual compound archery at the Asian Games, here on Tuesday.
Seasoned Jyothi Surekha Vennam also advanced into the women's individual final at the expense of world champion Aditi Swami, as the compound archers led India's charge at the continental showpiece.
India have thus confirmed three medals in archery, matching their best-ever feat of 2014 Asian Games in Incheon where they have won one gold, one silver and one bronze.
The Indian archers also remained in the hunt for a podium finish in seven more events across recurve and compound sections.
Fresh from winning the senior World Championship crown in Berlin two months back, Deotale was up against South Korean seventh-seed Yang Jaewon.
But the 21-year-old Indian did not give his rival any chan

Ojas Deotale reaches final fo the men's compound archery final at the Asian Games 2023. Photo: X

Ojas Deotale

World champion Lovlina Borgohain (75kg) locked an Olympic quota for herself by moving to the final while young Indian boxer Preeti Pawar (54kg) signed off with a bronze medal at the Asian Games here on Tuesday.
Borgohain, the Tokyo Olympic bronze medallist, cleverly managed her bout against Asian Championship silver medallist Baison Manikon of Thailand to take a unanimous decision win and book her ticket for next year's Paris Games
Preeti, on the other hand, put up a good show but lost 0-5 to reigning flyweight champion China's Chang Yuan. She has already secured an Olympic quota.
Both Southpaw boxers showcased their high skill and ring IQs in the opening three minutes. While Preeti looked to poke and peck with a right hook, the Chinese kept landing right hooks.
At one point, the 19-year-old Indian landed a double  jab, followed by two right hooks and two body shots to score crucial points. But Chang replied aggressively with a right cross and a flurry of jabs.
The Chinese boxer w

Lovlina Borgohain, who secured a bronze, in her semi-final bout against Busenaz Surmeneli of Turkey.

Oil India results

Oil India Q1 results: Profit rises 3.7% as petroleum product revenue slides

Oil India Q4 net up 9.7% to Rs 1,789 cr; sees double-digit revenue growth

Oil India Q4 results: PAT jumps 10%, dividend declared Rs 5.50 a share

Oil India reports 40% jump in Dec qtr profit on high output, better pricing

Oil India reports highest-ever profit due to high fuel, gas prices

Oil India Q3 net profit jumps 37% to Rs 1,245 cr, total income rises 88%

Oil India Q2 net up 38% to Rs 1,454 cr on better crude price realisation

Oil India's Q4 profit falls 8% to Rs 847 cr on lower crude production

Oil India Q2 net profit drops 42% to Rs 381 crore on blowout expense

Oil India posts Q1 loss at Rs 249 crore due to slump in oil prices

OIL pre-tax profit jumps two-fold in Q4 over reversal of deferred tax

Oil India Q2 net profit slips 27% to Rs 627 cr, income dips to Rs 3,481 cr

Oil India Q1 profit falls 9% to Rs 450 cr; beats estimates

Oil India net profit drops 95%

Oil India Q4 net profit falls 96% to Rs 19 crore