In 2002-03, Vedanta bought 26 percent stake in Hindustan Zinc for Rs 445 crore. After the disinvestment, government holds 29.5 percent and Vedanta 64.9 percent stake in Hindustan Zinc.
It said that Ericsson can revive its contempt plea against Reliance if the settlement amount is not paid by December 15.
Its rupee revenue was up 7.1 percent at Rs 14,861 crore, helped by growth across verticals.
It had posted a net profit of Rs 62.6 crore in the July-September 2017 period.
This is part of the RBI's liquidity infusion of a total of Rs 36,000 crore this month, to be held in three phases, through purchase of government bonds in order to meet the festival season demand for funds.
Its total income during the period under review was at Rs 219.84 crore, up 3.65 per cent, against Rs 212.08 crore in the year-ago quarter, Bajaj Corp said in a BSE filing.
Ahuja said the basic variables such as CASA ratio, liquidity, cost of funds which recite that (downgrade) have all improved and hence there is no reasons to fear
Large cap IT still looks good for 6-12 months because of currency tailwinds. Rupee is unlikely to come back to 60’s and that support will continue plus growth looks fairly sustainable for them, he added.
While Amazon’s Great Indian Festival will go live on October 24 and end on October 28, Flipkart’s Festive Dhamaka Days will start on October 24 and last till October 27.
The concerns in the domestic market pertain to price control and mandatory genericisation, rating agency Icra said in its report, which sampled 21 firms in the industry.
Its total income during the period under review rose by 11.84 percent to Rs 6,097.53 crore as against Rs 5,451.58 crore in the corresponding quarter of the last year.
Business tycoon Vijaypat Singhania had handed over his shares, worth over Rs 1,000 crore, to his son Gautam and now has little to his name, even though the company he founded is worth more than Rs 6,000 crore
The company, which competes with the likes of WhatsApp and WeChat, saw its income in FY2017-18 growing 22 percent to Rs 39.64 crore compared to Rs 32.89 crore in the previous financial year.
The inability to use Aadhaar for authentication will impact the new-age NBFCs and fintechs disproportionately, as one of their core competencies is quick turn around it noted.
He said that the bank has not added any NPAs in the last two quarters, and in September quarter, it reduced slightly.
The clarification has been given as part of an informal guidance sought by SBI Funds Management regarding investment by its employees in AIF schemes.
Despite being one of the fastest growing domestic aviation markets in the world, local carriers have been facing tough business conditions, especially with surging oil prices and depreciation of the rupee.
The TDP supremo evaded questions on efforts to bring the Opposition together
The smart-home will have a series of interconnected devices including appliances, lights and even doors
Its net profit stood at 29.15 crore in the same quarter last fiscal, as per the regulatory filing.
The company had clocked a net profit of Rs 77.25 crore in the September quarter last year, as per a regulatory filing.
Increased dollar selling by banks on the behalf of the Reserve Bank helped the rupee recover from losses.
The company has announced an interim dividend of Rs 1.60 per share.
The opening of Huawei's lab comes just as Germany's federal network regulator (BNetzA) finalises terms for the 5G licensing round that it plans to hold in the first quarter of 2019
Net income in the reported quarter declined to Rs 1,113.9 crore from Rs 1,245.3 crore in the same period last year.