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Infotech net profit up by 15%
(24 April 07:57 pm)
Infotech enterprises, a Hyderabad-based engineering solutions provider, on Thursday said its net profit during 2013-14 stood at Rs. 266 crore, an increase of 15 percent over last fiscal.The...
India’s gas demand to jump 55% by 2016-17
(24 April 07:06 pm)
Projected to rise from 242.66 mmscmd to 378.06 mmscmd
Pharma exports slowest in 15 years
(24 April 04:45 pm)
To miss the target of USD 25 billion set for this fiscal
ACC January-March net profit dips 9%
(24 April 04:32 pm)
Cement maker ACC on Thursday reported an 8.67 per cent dip in consolidated net profit to Rs. 400 crore during the January-March quarter on higher input costs and lower realisations.ACC, whic...
Apple approves additional $30 billion share buyback
(24 April 04:16 pm)
In a move to reward investors, tech giant Apple has approved an additional $30 billion share buyback by 2015 and declared a seven-for-one stock split on the back of strong iPhone sales that pushed...
Gold gains for third day on sustained buying, global cues
(24 April 04:12 pm)
Continuing its rising streak for the third day, gold gained Rs. 150 to Rs. 30,590 per ten grams in the national capital on Thursday on sustained buying by stockists and jewellery fabricators amid...
Deepak Fertilisers buys 10 lakh MFCL shares
(24 April 03:43 pm)
Deepak Fertilisers, the company that’s made a hostile bid for control of Vijay Mallya-promoted Mangalore Chemicals and Fertilizers Ltd (MCFL), on Friday said its stake in the company increased to...
LIC sells shares worth Rs. 6,300 cr in Sensex firms
(24 April 03:38 pm)
State-owned life insurer LIC lowered its exposure in 15 blue-chip firms during the January- March quarter with sale of shares that are currently worth over Rs. 6,300 crore.At the same time,...
Major ports saw 22% jump in thermal coal cargo in 2013-14
(24 April 03:14 pm)
Amid widening demand-supply gap and increased requirement of dry-fuel, the country’s major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonnes (MT) in 2013.Han...
Bharti Infratel Q4 net profit jumps 64 per cent
(24 April 03:13 pm)
Bharti Airtel’s tower business unit Bharti Infratel on Thursday reported a 64 per cent jump in its consolidated net profit at Rs. 472 crore for the quarter ended March 31, 2014, on the back of
Poll code hits diamond, jewellery industry
(23 April 10:42 pm)
Officials are impounding cash and merchandise, which restricts mobility
Snapdeal is not an authorised reseller: Dell
(23 April 10:41 pm)
PC-maker Dell is the latest consumer electronic company to join the anti-e-commerce bandwagon.A shiny new notice, that points out that Snapdeal is not a Dell authorised reseller, now greets...
Royal Enfield gears up for hot race
(23 April 10:39 pm)
Royal Enfield Motors continues to see its bike sales zoom even as its leadership position is expected to be challenged by upcoming competition. The company has been a leader in the mid-si...
RIL raises $500 m from Japanese banks
(23 April 10:37 pm)
Reliance Industries Ltd. (RIL) has tied up Export Credit Agency (ECA) facility of up to $550 million, co-financed by the Japan Bank for International Corporation (JBIC) and a group of other Japane...
M&M’s agri division in JV with Holland’s HZPC
(23 April 10:36 pm)
The agri division of Mahindra & Mahindra (M&M) signed a joint venture agreement with HZPC of Holland, a leading innovator in potato breeding, seed potato growing and seed potato trading, t...
India-EU FTA discussions may start after elections: French ambassador
(23 April 10:33 pm)
French Ambassador Francois Richier, on Wednesday, expressed hope that the long on-going negotiations between India and the European Union (EU) for the free trade agreement (FTA) would re-commence...
UltraTech Cement Q4 net up 15 pc
(23 April 10:30 pm)
UltraTech Cement, on Wednesday, reported a 15 per cent growth in net profit at Rs.838 crore for the fourth quarter of 2013-14. Net sales were up 8.2 per cent at Rs.5,832 crore while operating prof...
YES Bank Q4 net up 19 %
(23 April 10:07 pm)
To raise up to $500 m in one or two tranches
CR Mill of JSW Steels to go on stream on Friday
(23 April 10:03 pm)
JSW Steels will commission its cold-rolling mill (CRM) at its integrated steel plant at Torangal, set up at a cost of Rs.4,500 crore, on Friday. The state-of-the-art facility will produce auto gra...
When tweets on boardroom talks trigger debate on disclosure propriety
(23 April 10:01 pm)
Biocon chairperson Kiran Mazumdar Shaw’s seemingly innocuous tweet appreciating the “tech-loaded” presentation skills of Rohan Murthy, son of and executive assistant to N.R. Narayana Murthy, has
Lupin forms joint venture with Japan’s Yoshindo
(23 April 10:00 pm)
The new entity will conduct clinical development of certain biosimilars
Deepak Fert makes open offer to hike stake in Mangalore Chem
(23 April 09:58 pm)
To spend Rs.190 cr to acquire 26 % stake at Rs.61.75 a share
Rupee at 61-level again as FII inflows slow down
(23 April 07:02 pm)
The rupee on Wednesday depreciated by 31 paise to finish at one—month low at 61.07 against the dollar on sustained dollar demand from banks and importers. “Lesser supply of inflow...
DGCA allows use of electronic devices on flight-mode
(23 April 06:41 pm)
Air passengers can now use portable electronic devices such as mobiles, laptops and tablets in all phases of flight, the Directorate General Civil Aviation (DGCA) said on Wednesday.In a noti...
Only 10-15% cards used for online transactions: RBI report
(23 April 05:43 pm)
Of the 369 million debit and credit cards in the country, 10-15 per cent are used only for online transactions, the Reserve Bank said. India is one of the fastest-growing countries in the...
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