The income of the company fell by 7.5 percent in Q2 and profit was down to Rs 3.5 crore from Rs 19 crore for the same period last year.
Telecom operator Reliance Communications ' second quarter consolidated net profit jumped over six-fold quarter-on-quarter to Rs 675 crore, driven by provision write back.
Rajeev Piramal, VC & MD, Peninsula Land said, realisations for the Mumbai project launched in Q2 have risen by 15-20 percent.
Harish Bhat, CEO & MD, Tata Global Beverage says, UK and Russian markets will remain sluggish. The pressure on margins was due to four recent launches.
In an interview to CNBC-TV18, Ambareesh Baliga, Edelweiss Financial Services said he sees major slow down for the FMCG sector on back of consumption slow down in tier I cities. He is bullish on Tata Steel.
On a day when the growth engines seem to be sputtering, titans of the corporate world give their vote of confidence to India as they continue to be optimistic. CNBC-TV18 in partnership with McKinsey had Anand Mahindra, Mukesh Ambani under one roof and they remain bullish on India.
In an interview to CNBC-TV18, Anmol Ganjoo of JM Financial spoke about the pharma space in particular, names like Sun Pharma, Divi‘s Labs, Aurobindo Pharma, etc
In an interview to CNBC-TV18, Subhadip Mitra of JM Financial spoke about the current environment in the power and capital goods space
Here is a roundup of all the entrepreneurial headlines in the week gone by.
India is en route to becoming one of the biggest two wheeler markets in the world, but a big market for superbikes, one would not have necessarily thought so. If you were in Pune on 19th and 20th of October and one of the 2 lakh people who have visited the Amanora Mall for the India Superbike Festival you would disagree with that proposition.
Let us explore another sporting extravaganza, away from the controlled environment of a race track in the treacherous terrain of the Himalayas. Here is all the action from Raid De Himalaya rally 2013.
Today on YT International we bring you the story of a Korean entrepreneur who participated in Start Tel Aviv, an international conclave for start-ups. Co-founded in 2012 Simon Lee's Flitto is a crowdsourcing translation platform that is competing directly with machine translations and online services like Google Translate.
NSE Fin Wiz is new series powered by CNBC-TV18 where we travel the country to meet young professional across various sectors and organisations. We begin this series at an urban cooperative bank called the Self-Employed Women's Association (SEWA) Bank in Ahmadabad which was setup in 1974 for women who work in the unorganised sector.
The Indian Formula One Grand Prix was the biggest automotive event this month. It has been mired in one controversy after another, but it will go down in history thanks to Red Bull's Sebastian Vettel. Vettel was crowned the Fourth time World Championship right here in India.
Diwali's over, but that has not stopped Philips India from promoting and marketing its range of LED lights. Philips has roped in actors Ranbir Kapoor and Shruti Hassan as brand ambassadors for its biggest campaign ever
In season 1 IIM-Calcutta qualified to the finals but lost the battle to NITIE and finally stood third. In season 2 the institute dropped down to the 11th place but regained some ground by coming 6th in season 3. Season 4 saw IIM-Calcutta fall to the 10th position in the leader board. Will season 5 prove different for them? Let's wait and watch.
As we head towards the year end young turks will bring you comments and ideas from angel investors and venture capitalists on 2013 and what the year has been like. Dev Khare of Lightspeed Ventures Partners joins us with trend spotting 2014.
Music events are hard to organise with many instances of mismanagement and bridging this gap is TommyJams. Founded by Parth Saxena and Nikhil Kapur in 2012 the venture today helps 700 listed artists organise concerts in 150 possible venues in five cities in India.
Overdrive's Bertrand D'souza answers viewer queries regarding autos.
24 Hours of Le Mans is perhaps the world's most tedious and oldest sports car endurance races. Porsche has been a strong contender winning races in the 70s, 80s and 90s. It is all set to make a comeback with the LMP1 category in 2014. We travel to Hockenheim Germany to take a look at Porsche's legendary cars and drivers.
Hundreds of events happen in our cities every single day and our next duo is helping you find the one that interests you. Amit Panchal and Richard Patel founded an event discovery and promotion platforms allevents.in in 2011.
The question people often ask is what is this amorphous term called foreign fund flows. Classroom demystifies the concept of foreign fund flows and what they mean for our market and why they are important as well with Nirmal Jain of IIFL.
The thing that everyone is talking about this month is the market, it has been a huge move and at the back of all that comes this whole concept of what the technicals have been upto. So this week‘s episode is a technical analysis Classroom.
Ravi Deshpande's new venture, Whyness
Our next guest decided to give up his high profile job managing global M&A at Google to join one of Silicon Valley's hottest starts-ups. We are talking about Neeraj Arora, Head of Business Development at WhatsApp, a cross platform mobile messaging application.