The Indian Express articles

IOC net declines 12% in Q2

The net profit of Indian Oil Corp (IOC) for the second quarter of the current fiscal dropped 12 per cent to Rs 3,247 crore, compared with Rs 3,696 crore, owing to lower margins and foreign exchange losses, a factor which also affected the other two state-owned oil marketing companies —BPCL and HPCL — in the

RBI says govt steps will stabilise IL&FS, hints at tightening NBFC norms

The Reserve Bank Friday termed the government’s move to supersede the board of Infrastructure Leasing and Financial Services (IL&FS) as “timely and appropriate” which has “helped stabilise the situation” and indicated that it will engage with the new management if necessary. The central bank also hinted that it’s looking at tightening the guidelines to avoid

Defence Minister Nirmala Sitharaman talks of problems with HAL, says govt attending to them

The Russian Sukhoi-30 fighter aircraft, which is produced under licence in India by the public sector Hindustan Aeronautics Limited (HAL) as the Su-30 Mki is sometimes considered more expensive than the Sukhois produced in Russia, Defence Minister Nirmala Sitharaman said Sunday. She accused the opposition Congress of shedding “crocodile tears’’ over HAL losing out in