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ONGC's fourth-quarter profit declined by 35% to 6,448 crore. This was due to increased exploration expenses. Revenue saw a slight rise of 1% to 34,982 crore. The full-year profit also decreased by 12% to 35,610 crore. The company's board approved a dividend of Rs 1.25 per share. They also extended support to Opal for debt raising.
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Groww, a major Indian brokerage firm, will increase its minimum equity brokerage charges. The increase is from 2 to 5 per order. This change impacts smaller equity trades. The new fee structure will be effective from June 21. Other brokers like Angel One previously raised their fees. These changes follow regulations impacting brokerage profits.
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News and Media
IndusInd Bank addressed financial discrepancies in the March quarter. The bank used its contingency buffer to manage the impact. Accounting errors in the microfinance sector led to revenue reversal. Derivative-related issues also affected income. Net interest margin and income experienced declines. Total loans saw a slight increase, while deposits rose.
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News and Media
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