Updates: Case filed against 18, including Infosys co-founder Chris Gopalakrishnan; Indian Oil’s profit declined despite sales
New Delhi| Infosys co-founder Senapati Chris Gopalakrishnan, former IISc director Balram and 16 others were booked under the SC/ST Prevention of Atrocities Act on Monday. A case was registered at Sadashiv Nagar police station on the instructions of the Civil and Sessions Court (CCH) of the 71st city. The complainant belongs to Durgappa tribal Bovi community. He was a faculty member at the Center for Sustainable Technology at the Indian Institute of Science (IISc).
He claimed that in 2014 he was falsely implicated in the honey trap case and later dismissed from service. He further alleged that he was abused and threatened. Other persons accused in the case include Govindan Rangarajan, Sridhar Warrier, Sandhya Visvesvaraih, Hari KVS, Dasappa, Balram P, Hemlata Mishi, Chattopadhyay K, Pradeep D Savkar and Manoharan.
Indian Oil’s profit declined 64 percent despite record fuel sales
Despite record sales of fuel, net profit of petroleum company Indian Oil Corporation declined by 64 per cent to Rs 2,873.53 crore in the third quarter of the current financial year. In this matter, IOC Director (Finance) Anuj Jain said on Monday, the profit has declined due to losses in reserves and foreign exchange. The company lost 7,800 crore on storage in the third quarter. At the same time, there was a loss of Rs 1,900 crore due to foreign exchange. Coal India’s third quarter profit rose 17 per cent to Rs 8,491 crore. Total sales declined to 32,359 crore. Total spending rose to 26,201 crore. The company has approved an interim dividend of Rs 5.60 per share.
Ban on eight people-institutions, Rs 4.8 crore to be returned
Market regulator SEBI has barred eight people and institutions from trading in the stock market in a front-running case. Also, orders have been given to return Rs 4.82 crore earned illegally. The matter is related to the shares of Gagandeep Consultancy. This illegal business was investigated between September, 2018 to September, 2023, SEBI said in its interim order.
Canara Bank’s profit increased by 12 percent to 4,104 crore
Canara Bank’s profit rose 12 per cent to Rs 4,104 crore in the third quarter. Total income stood at Rs 36,114 crore. The bank’s gross bad bad loans (gross NPA) decreased to 3.34 percent and net NPA decreased to 0.89 percent. Net interest income has declined to Rs 9,149 crore. ACC’s profit doubled to Rs 1,091 crore: Adani Group’s cement company ACC has made a profit of Rs 1,091 crore. Revenue increased to 5,207 crore. Total expenditure stood at 5,099 crore. Adani Wilmar’s profit more than doubled to 411 crore in the third quarter. Edible oil revenue stood at Rs 13,387 crore.
