Following are the top business stories at 1900 hours today:
DEL43 BIZ-RESULTS-ICICIBANK
New Delhi: The country's largest private sector lender ICICI Bank today reported a marginal rise of 3.5 per cent in consolidated net profit at Rs 2,604.73 crore for the first quarter of the current fiscal.
DEL39 BIZ-LD STOCKS
Mumbai: Market benchmarks Sensex and Nifty today closed flat after touching new all-time highs intra-day, impacted by selling pressure in the wake of July derivatives expiry and a rush to take profit by investors.
DCM19 BIZ-RESULTS- LD HCLTECH
New Delhi: India's fourth largest software exporter HCL Technologies today posted 6.1 per cent rise in consolidated net profit at Rs 2,171 crore for the April-June quarter, helped by broad-based growth across verticals like financial services and healthcare.
DCM71 BIZ-RESULTS-LD MARUTI
New Delhi: India's largest carmaker Maruti Suzuki India today posted over 4 per cent rise in net profit at Rs 1,556.4 crore for the first quarter ended June 30 as high commodity prices and GST-related expenses took a toll on its bottomline.
DCM68 BIZ-RESULTS-IDEA
New Delhi: Telecom operator Idea Cellular today posted a loss of Rs 815.9 crore in the first quarter ended June 30, impacted by sustained pressure from disruptive tariffs of Reliance Jio.
BCM20 BIZ-AXIS BANK-LD FREECHARGE
Mumbai: After nearly a year of scouting for a buyer, struggling e-commerce firm Snapdeal today agreed to sell its payment wallet Freecharge to Axis Bank for Rs 385 crore, almost 90 per cent lower than what it had paid for the firm in 2015.
BCM19 BIZ- AXIS BANK-LD SHARMA
Mumbai: Seeking to rest speculation, Axis Bank today re- appointed Shikha Sharma as the managing director and chief executive of the third largest private lender for a third term that will last till June 2021.
DCM74 BIZ-ONGC-RIL-NOTICE
New Delhi: The government has slapped ONGC, Reliance Industries and Royal Dutch Shell with a demand of USD 3.9 billion (about Rs 25,487 crore) in dues following an arbitration award in its favour, the state-owned firm said today.
DCM43 BIZ-TAX-INFO
New Delhi: The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.
DCM65 BIZ-RESULTS-ONGC
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) today reported an 8 per cent drop in its June quarter net profit as energy prices fell.
DCM47 BIZ-MF-BANKS
New Delhi: Mutual fund managers continued to be bullish on bank shares, as their allocation to the sector reached an all time-high of Rs 1.47 lakh crore at the end of June, mainly due to cheaper valuations.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)