Oil & gas companies take the shine out of India Inc’s Q2 show

Oil & gas companies take the shine out of India Inc’s Q2 show

ET Intelligence Group: Initial trends from the ongoing earnings season suggest corporate India to have posted single-digit growth in both revenue and profit for the quarter ended September 30, with a muted performance by oil and gas companies offsetting a stellar show in the financial services sector. Revenue rose 7.2% from a year earlier, the … Read more

Stock exchanges slap fines on IOC, ONGC, GAIL for failure to meet listing regulations

Stock exchanges slap fines on IOC, ONGC, GAIL for failure to meet listing regulations

Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number of independent directors and women directors. In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that … Read more