Hindalco Q4 profit slips 25% to Rs 377 crore

New Delhi

Hindalco Industries on Wednesday reported 24.98% decline in its standalone net profit to Rs 376.97 crore for the fourth quarter ended March 31. The company’s total standalone income dipped marginally to Rs 11,886.02 crore in the January-March quarter of 2017-18 fiscal, compared to Rs 11,969.66 crore in the same period in 2016-17. PTI

New Delhi
Tata Steel Q4 net profit rises to Rs 14,688 cr

Tata Steel on Wednesday reported consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March 31, 2018. The total consolidated income of the company increased to Rs 36,407.19 crore in January-March 2018, from Rs 35,457.06 crore in the same quarter of FY17. PTI

New Delhi
ITC Q4 profit up 9.8% to Rs 2,933 crore

Diversified ITC Ltd on Wednesday reported a 9.86% increase in standalone net profit at Rs 2,932.71 crore for the fourth quarter ended March 31, 2018. Net sales during the quarter under review stood at Rs 10,705.75 crore. PTI

Chandigarh
Lemon Tree Hotels checks into Baddi

Lemon Tree Hotels, one of the largest chains in the mid-priced hotel sector, on Wednesday announced the opening of its new hotel at Baddi, marking its entry into the industrial town of Himachal Pradesh. Carnation Hotels Private Limited, the hotel management arm of Lemon Tree Hotels, will manage this mid-scale hotel. TNS

New Delhi
RCom shares tank nearly 16% on NCLT move

Shares of Reliance Communications (RCom) plunged nearly 16% on Wednesday after NCLT admitted an insolvency petition filed by Ericsson against the company and two of its subsidiaries. The stock fell sharply by 15.26% to end at Rs 10.55 on the BSE. PTI