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The company has merged four consumer facing business—lighting, domestic, kitchen appliances and fans— into consumer product business from April this year, says Shekhar Bajaj, CMD of Bajaj Electricals.

Meru aims to be $ 1 bn firm by 2022

Meru, operates taxi services in 23 cities, has a revenue of USD 120 million (Rs 730 crore) with a consumer base of 10 million. The company is planning to expand its network to 45 cities by adding more tier-II cities such as Patna, Bareilly, Bhopal etc.

Persistent Systems warns on Q1 profit, says Q2 on track

Persistent is targeting to maintain its profit before tax (PBT) margins at 18-20 percent this year by a strategy shift. The company will now sell its products to enterprise instead of independent software vendor (ISV) clients, Mritunjay Singh, ED and COO of Persistent said.

JSW Steel Q4 misses estimates, net tanks 87% at Rs 62 cr

During the period, its operating profit declined 33.5 percent at Rs 1682.6 crore versus Rs 2528.7 crore (Y-o-Y). Operating profit margins (OPM) was at 13.4 percent versus 17.6 percent on yearly basis. Profit before tax loss stood at Rs 112 crore versus gain at Rs 483 crore (Y-o-Y).

Softening G-Sec yields to boost PSBs' profitability: ICRA

According to ICRA the profitability of public sector banks (PSBs) has been under pressure over the last few quarters on account of mounting credit provisions following slippages in asset quality as well as increase in credit provisions on weaker assets.

Europe biz will not disappoint in FY14: Bharat Forge

Auto components maker Bharat Forge is hopeful of sustaining margins in its Europe subsidiary on improved demand.

Not affected by turmoil in auto sector, says Hind Motors

"Hindustan Motors has seen a big jump in sales and production volumes in February even though the auto industry is going through turmoil," says Uttam Bose, MD of the company in an interview to CNBC-TV18. The company has seen improvement in growth in the past two months, he adds.

Alok Inds: Robust growth in core business, says CRISIL

CRISIL Research has come out with its report on Alok Industries. According to the research firm, local procurement of fabric is expected to decline in the future, which will result in moderate growth.

Mkt stressed for infra; focus on profitability: SREI

Hemant Kanoria, CMD of the company told CNBC-TV18 that the assets under management of the company are worth Rs 33580 crore. "There has been a substantial increase in the AUM, but the disbursement has not been very high. So, we have tried to concentrate on the profitability," adds Kanoria.

Expect 17% plus growth in room AC segment: Blue Star

In an interview to CNBC-TV18, B Thiagarajan, president, Air-Conditioning & Refrigeration Products Group, Blue Star said that their air conditioning market was growing in-line with estimates.

CAG raps HAL for Rs 43 crore excess payment as incentives

CAG today pulled up Defence PSU Hindustan Aeronautics Limited (HAL) for excess payment of Rs 43 crore as incentives to its management in 2009-10 by adopting an "illogical" method of calculating the profits of the company.