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Business

  • Kalpataru bags orders worth Rs 809 crore

    Kalpataru bags orders worth Rs 809 crore  

    KPTL has bagged a turnkey project (under JV) for construction of 400 KV transmission line in East Africa, KPTL said adding that it has a share worth Rs 522 crore in the order.

    25 May 2016, 6.16 pm  |  Source: PTI

  • CCEA okays Yes Bank proposal to raise foreign investment limit

    CCEA okays Yes Bank proposal to raise foreign investment limit  

    The Cabinet Committee on Economic Affairs today approved Yes Bank's proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of USD 1 billion (Rs 6,885 crore).

    25 May 2016, 6.16 pm  |  Source: PTI

  • Cabinet clears India, Japan pact on thermal power

    Cabinet clears India, Japan pact on thermal power  

    The Cabinet today gave ex-post facto approval to a pact between India and Japan for promoting sustainable and low-carbon thermal power development here.

    25 May 2016, 6.12 pm  |  Source: PTI

  • Aditya Birla Fashion enters into binding MoU with Forever 21

    Aditya Birla Fashion enters into binding MoU with Forever 21  

    Forever 21 is among the fastest growing fashion retailers in the world with a large network of more than 700 stores worldwide.

    25 May 2016, 6.12 pm  |  Source: PTI

  • Bosch to invest Rs 770cr this fiscal on plants,R&D tech centre

    Bosch to invest Rs 770cr this fiscal on plants,R&D tech centre  

    Bosch, which today posted a consolidated net profit of Rs 376.04 crore for the fourth quarter ended March 31, had made capital investment of around Rs 480 crore in 2015-16.

    25 May 2016, 6.12 pm  |  Source: PTI

  • M&M to seek shareholders` enabling nod for raising Rs 5,000 cr

    M&M to seek shareholders' enabling nod for raising Rs 5,000 cr  

    Auto major Mahindra & Mahindra will seek shareholders' approval for an enabling resolution to raise Rs 5,000 crore through issuance of securities

    25 May 2016, 6.12 pm  |  Source: PTI

  • ONGC Q4 earnings likely to be weak due to low realisations

    ONGC Q4 earnings likely to be weak due to low realisations  

    According to analysts polled by CNBC-TV18, profit is expected to be in range of Rs 1,500-2,500 crore in Q4 against Rs 1,286 crore in Q3. Revenue is seen falling 15 percent to Rs 15,682 crore compared to preceding quarter.

    25 May 2016, 6.02 pm  |  Source: CNBC-TV18

  • Bosch Q4 profit rises 31% to Rs 376 cr, other income falls 23%

    Bosch Q4 profit rises 31% to Rs 376 cr, other income falls 23%   

    Revenue increased 13.6 percent to Rs 2,714 crore in January-March quarter compared to Rs 2,388.8 crore in same period last year.

    25 May 2016, 5.48 pm  |  Source: Moneycontrol.com

  • Tech Mahindra up 14% post Q4 nos: Will telecom business boost?

    Tech Mahindra up 14% post Q4 nos: Will telecom business boost?  

    Morgan Stanley has upgraded the stock to equal weight from neutral. It has a target price of Rs 530 per share as outlook for telecom business is improving, and worst in earnings downgrade cycle appears to have passed.

    25 May 2016, 5.39 pm  |  Source: Moneycontrol.com

  • Arvind eyes 10-15 pc biz from online sales in 3-5 years

    Arvind eyes 10-15 pc biz from online sales in 3-5 years  

    Arvind expects to double its revenues by 2020 to become a USD 1 billion (around Rs 6,700 crore) company.

    25 May 2016, 5.16 pm  |  Source: PTI

  • Dr Reddy`s buys 6 OTC brands from US-based Ducere Pharma

    Dr Reddy's buys 6 OTC brands from US-based Ducere Pharma  

    Drug major Dr Reddy's Laboratories has forayed into branded consumer health products segment in the US market by acquiring six over-the-counter (OTC) brands from Ducere Pharma for an undisclosed amount

    25 May 2016, 5.16 pm  |  Source: PTI

  • Apollo Hospitals Q4 net down 2% at Rs 75.69 cr

    Apollo Hospitals Q4 net down 2% at Rs 75.69 cr  

    The company had posted a net profit of Rs 77.33 crore during the January-March period of the 2014-15 fiscal, Apollo Hospitals Enterprise said in a filing to BSE..

    25 May 2016, 5.16 pm  |  Source: PTI

  • Rajan calls on Jaitley ahead of monetary policy

    Rajan calls on Jaitley ahead of monetary policy  

    Reserve Bank Governor Raghuram Rajan called on Finance Minister Arun Jaitley and is believed to have discussed macro-economic situation ahead of the second bi-monthly monetary policy next month

    25 May 2016, 5.16 pm  |  Source: PTI

  • L&T Q4 net, revenue up over 18%; sees FY17 topline growth 12-15%

    L&T Q4 net, revenue up over 18%; sees FY17 topline growth 12-15%   

    Larsen and Toubro's (L&T) fourth quarter earnings beat analysts' expectations on all counts with profit rising 18.5 percent to Rs 2,454 crore and revenue increasing 18.3 percent to Rs 33,157 crore compared to year-ago period.

    25 May 2016, 4.12 pm  |  Source: Moneycontrol.com

  • Strong CV sales to boost volumes in FY17: Wheels India

    Strong CV sales to boost volumes in FY17: Wheels India   

    Srivats Ram, Managing Director, Wheels India, said the company is facing a slowdown in its construction and mining segment and may remain this way for the coming months due to low commodity prices.

    25 May 2016, 3.58 pm  |  Source: CNBC-TV18

  • AIA Engineering Q4 net profit up 19% to Rs 135 cr

    AIA Engineering Q4 net profit up 19% to Rs 135 cr  

    AIA Engineering on 25 May reported a 19.4 percent rise in consolidated net profit at Rs 134.56 crore for the March quarter

    25 May 2016, 3.50 pm  |  Source: PTI

  • IMG to review Essar`s iron ore slurry pipeline in Vizag

    IMG to review Essar's iron ore slurry pipeline in Vizag  

    An Inter Ministerial Group (IMG) will review the security of Ruias-promoted Essar Steel's iron ore slurry pipeline, which supplies treated ore from its plant in Bailadila to pellet plant in Visakhapatnam in May

    25 May 2016, 3.50 pm  |  Source: PTI

  • FM to meet heads of PSU banks on June 6

    FM to meet heads of PSU banks on June 6  

    Amid mounting bad loans and record losses by several public sector banks, Finance Minister Arun Jaitley will hold a meeting with the heads of PSBs on June 6 to find ways to deal with the situation

    25 May 2016, 3.48 pm  |  Source: PTI

  • Bajaj Auto`s sales to improve; exports to be sluggish: Pros

    Bajaj Auto's sales to improve; exports to be sluggish: Pros   

    The fourth quarter for the company was better for Bajaj in terms of realisations and operating performance, says Rohan Korde of Prabhudas Liladhar.

    25 May 2016, 3.13 pm  |  Source: CNBC-TV18

  • Operating margins to sustain above 20% in FY17: Bajaj Auto

    Operating margins to sustain above 20% in FY17: Bajaj Auto   

    Revenue went up 14.2 percent to Rs 5411 crore year-on-year (YoY) and net profit saw an increment of 29.2 percent to Rs 803 crore (YoY).

    25 May 2016, 3.13 pm  |  Source: CNBC-TV18

  • Maserati to recall nearly 20,000 defective vehicles in China

    Maserati to recall nearly 20,000 defective vehicles in China  

    Italian luxury carmaker Maserati will recall 19,970 vehicles in China over a defect in rear wheels, authorities said on May 25

    25 May 2016, 3.04 pm  |  Source: PTI

  • Hindustan Media Ventures Q4 net up 21% at Rs 46.96 crore

    Hindustan Media Ventures Q4 net up 21% at Rs 46.96 crore  

    Hindustan Media Ventures Ltd (HMVL) on May 25 posted a 20.59 percent increase in standalone net profit at Rs 46.96 crore for the fourth quarter ended on March 31, 2016

    25 May 2016, 3.04 pm  |  Source: PTI

  • Huawei files lawsuits accusing Samsung of violating patents

    Huawei files lawsuits accusing Samsung of violating patents  

    Chinese tech giant Huawei said on May 25 it has filed patent infringement lawsuits against South Korean mobile phone rival Samsung in the United States and China, in a case that highlights the rise of Asian competitors as technolo...

    25 May 2016, 3.04 pm  |  Source: PTI

  • Toyota to expand in Malaysia with USD 488 million plant

    Toyota to expand in Malaysia with USD 488 million plant  

    Japanese automaker Toyota Motor Corp on May 25 said it will build a second factory in Malaysia as part of expansion to meet rising local demand.

    25 May 2016, 3.04 pm  |  Source: PTI

  • India Inc eyes Rs 2 lakh cr from assets to tide over stress

    India Inc eyes Rs 2 lakh cr from assets to tide over stress  

    With bankers forcing companies to sell non-core assets to tide over bad debts, the economic research wing of SBI on May 25 said it expects asset sales of up to Rs 2 trillion by Indian Industry as part of the clean-up process

    25 May 2016, 3.04 pm  |  Source: PTI

  • Ashok Leyland Q4 profit down 66% on exceptional loss of Rs 379cr

    Ashok Leyland Q4 profit down 66% on exceptional loss of Rs 379cr  

    "Exceptional items consists of profit of Rs 41.7 crore on sale of long term investments and Rs 420.9 crore diminution in value of investments," the company said.

    25 May 2016, 2.23 pm  |  Source: Moneycontrol.com

  • Payment bank score card: 3 down, 8 yet to open accounts

    Payment bank score card: 3 down, 8 yet to open accounts  

    Back in August 2015, when the Reserve Bank of India handed out payments bank licences to 11 candidates, little did it know that three will be pulling out within a year. The payments bank model, which the RBI envisaged as a way to ...

    25 May 2016, 2.09 pm  |  Source: CNBC-TV18

  • HAL signs pact with BEL to develop airborne communication

    HAL signs pact with BEL to develop airborne communication  

    "The umbrella understanding includes sharing of expertise in design, development, engineering and manufacturing between HAL and BEL to develop and produce advanced airborne communication, electronic warfare systems, etc," T Suvarn...

    25 May 2016, 2.04 pm  |  Source: PTI

  • Launching iris-recognition tablets in India: Samsung Electronics

    Launching iris-recognition tablets in India: Samsung Electronics  

    Samsung, in a statement, said the Android-powered tablet - called Galaxy Tab Iris - will be equipped with technology to allow authentication through the recognition of a person's iris for applications including banking and healthc...

    25 May 2016, 2.04 pm  |  Source: Reuters

  • Tata Steel may shortlist 2-3 bidders for UK assets today: Srcs

    Tata Steel may shortlist 2-3 bidders for UK assets today: Srcs   

    Sajid Javid, business secretary, UK, wrote in a tweet that he met Tata management in Mumbai ahead of the board meeting to discuss the sales process, learns CNBC-TV18.

    25 May 2016, 2.00 pm  |  Source: CNBC-TV18

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