ONGC Q4 Net dips 6.2% at Rs 4340 cr on royalty payments
04:37, May 27, 2017
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Driven by a strong growth in revenues and an overall operational beat, oil and gas major Hindustan Petroleum Corporation's (HPCL) net profit for the March quarter beat Street expectations at Rs 1,819 crore against profit of Rs 1,590 crore during the previous quarter.
The company's total expenditure during the January-March quarter at Rs 20,696.46 crore also shot up 47.59 per cent, as compared to the expenses of Rs 14,022.15 crore in the fourth quarter of 2015-16.
Total income of Rs 26,234 crore was up nearly 30% on higher crude oil prices.
"We set out Rs 2,444 crore to clear royalty payments to Gujarat and Assam as had been ordered by the Supreme Court", ONGC Director (Finance) A K Srinivasan said.
Also, the company provisioned Rs 1,944 crore towards ensuing pay revision for employees. Its performance was better in inventory gain, which was Rs 743 crore in the fourth quarter of 2016-17, against Rs 37 crore gain reported past year.
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The England striker, 26, was still at Manchester United when Arsenal won in 2014 and missed the 2015 final because of injury. But this league is about quick changes and you have to be ready for the next challenge, even when it's not going for you.
US Treasury slaps sanctions on 8 Venezuela court justices
The U.S. move marks the second round of sanctions Trump has imposed on high-level Venezuelan officials since taking office. The country faces severe hunger and a public health crisis, but the president has refused entry to any humanitarian aid.
Out of 13 onland discoveries, nine were monetized during the year itself having a potential of 0.218 million tonnes of oil equivalent per year.
For the full financial year 2016-17, the company recorded a 64 per cent increase in consolidated profit at Rs 21,478 crore as compared to the previous financial year (2015-16).
The company board proposed a final dividend of Rs 1.10 per share, taking the total dividend for the fiscal to Rs 30 per share (ex-bonus).
Consolidated turnover was up 4.8 per cent at Rs 1,42,149 crore.
President Trump will decide whether to withdraw from the Paris climate agreement after he concludes his meeting at the G-7. Trump has moved to slash EPA funding, and to loosen restrictions on coal-fired power plants and vehicle emissions.
Still squeezing the last gloopy drops out of last year's sunscreen bottle? Does it give you protection? Yes. The risk of melanoma and other skin cancers increases with each tan, especially tanning booths.
Despite the attack being widespread, it's estimated that only about $32,000 were raised by the hackers. WannaCry or Wanna Decryptor ransomware seems to have used a vulnerability in Microsoft's software.
Hours after the incident, the star tweeted that she was "broken" by the attack and "so, so sorry". "I don't have words". Braun went on to thank the emergency service workers who quickly came to the aid of affected concert-goers.
Trump is launching with Israel and major Arab states to shape a lasting agreement between Israel and the Palestinian Authority. Around 30 C-17 transport planes with hundreds of tons of equipment on board have started to arrive, Jerusalem Post reported .
Julian Assange entered London's Ecuadorian Embassy in 2012, after a two-year home arrest for allegations of rape in Sweden. Three other cases of alleged sexual assault against Assange were dropped in 2014 due to a Swedish statute of limitations.
Israel was his second stop on a nine-day tour aimed to test the waters for reviving the dormant Israeli-Palestinian peace process. We believe you're willing. "Hundreds of millions of dollars in weapons deals is something we should receive explanations about".
In the NBC interview on Thursday, Trump said he would have fired Comey regardless of any such recommendations. Comey declined to make that promise but told the president he could count on his honesty, the paper said.
In a separate statement , the prosecutor noted that in Sweden a criminal investigation has to be conducted as quickly as possible. Long added: "This has gone on long enough". "We have today won an important victory , but the road is far from over".
The 'No Fun League,' Relaxes End Zone Celebration Rules
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Loosen up: NFL to allow some flair in celebrations
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WWE RAW from Grand Rapids, May 22
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After making run at Indy 500 pole, Alonso to start 5th
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Rain washes out NCAA women's golf play
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ISIS is surrounded, there's no escape - Mattis
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Lukaku, Sanchez hunt Kane in late Golden Boot showdown
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