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Essar Oil
-SC says, company is not eligible for sales tax benefit
-Company to pay sales tax to the Gujarat State Government of approximately Rs 6,310 crore
-Essar Energy stock down 27% in London.
FDI in aviation cleared -Proposal for 49% FDI in aviation to be sent for cabinet approval Aviation Minister says -Met Pranab Mukherjee to discuss sector issues -Govt to give funds to Air India to pay pilots -GoM on Air India to meet next week -To move cabinet note on 49% FDI by carriers -Investment by foreign carriers will help local airlines -GoM to consider companies recommendations to allow direct ATF Imports Committee of secretary's to meet on Wednesday on power issues -To discuss removing power sector supply bottlenecks -13 power companies' CEO's to meet PM & other ministers - Cairn , ONGC 's production ramp up at Rajasthan anytime now -No comments on FPO as department of divestment considering other options -Concerns on large under-recoveries -Expecting to get remunerative prices in excess of USD 55/barrel -At a discussion level stage with Conocophillips -ONGC final dividend to be decided in Q4 TCS Q3 IFRS -Revenues up 2.4% at USD 2585.6 million Vs USD 2525 million -Revenues up 13.5% at Rs 13204 cr vs Rs 11633.5 cr -EBIT at 3861.8 cr vs Rs 3154.3 cr -EBIT Margin at 29.2% vs 27.1% -PAT up 18.35% at 2886.6 cr vs Rs 2440 cr
FDI in aviation cleared -Proposal for 49% FDI in aviation to be sent for cabinet approval Aviation Minister says -Met Pranab Mukherjee to discuss sector issues -Govt to give funds to Air India to pay pilots -GoM on Air India to meet next week -To move cabinet note on 49% FDI by carriers -Investment by foreign carriers will help local airlines -GoM to consider companies recommendations to allow direct ATF Imports Committee of secretary's to meet on Wednesday on power issues -To discuss removing power sector supply bottlenecks -13 power companies' CEO's to meet PM & other ministers - Cairn , ONGC 's production ramp up at Rajasthan anytime now -No comments on FPO as department of divestment considering other options -Concerns on large under-recoveries -Expecting to get remunerative prices in excess of USD 55/barrel -At a discussion level stage with Conocophillips -ONGC final dividend to be decided in Q4 TCS Q3 IFRS -Revenues up 2.4% at USD 2585.6 million Vs USD 2525 million -Revenues up 13.5% at Rs 13204 cr vs Rs 11633.5 cr -EBIT at 3861.8 cr vs Rs 3154.3 cr -EBIT Margin at 29.2% vs 27.1% -PAT up 18.35% at 2886.6 cr vs Rs 2440 cr
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