Business

Reliance Capital registers a net profit up by 12 percent

Mumbai: Reliance Capital on Friday reported a total income of Rs.9,998 crore for the financial year ended March 31, against Rs.8,929 crore for the previous year, posting an increase of....

Eveready Industries Q4 net profit falls by 27%

Kolkata: Battery maker Eveready Industries on Friday announced that its standalone net profit in the January-March quarter of 2015-16 fell by 27% to Rs 4 crore as against Rs 5.45....

ClearTax launches its 2G optimized app for tax filing

New Delhi: In a world that is increasingly going mobile, ClearTax India's leading Income Tax Returns e-filing website has launched another dimension to the convenience quotient of the Indian consumer....

Ricoh India faces trading suspension from May 26

Mumbai: The Bombay Stock Exchange (BSE) announced suspension of trading in Ricoh India’s shares with effect from May 26 on account of non-compliance with Regulation 33 of Securities and Exchange....

Etihad’s New York-Mumbai flight world’s most expensive at Rs 25 lakhs

New Delhi: Etihad Airways’ new route between New York and Mumbai comes with the tag of being the world’s most expensive one-way luxury trip with a remarkable $38,000 (Rs 25.22....

Lenskart gets Rs.400 crore funding led by IFC

New Delhi: Eyewear e-tailer Lenskart on Wednesday said it has received Rs.400 crore Series D funding from a host of investors, led by IFC.   "IFC, a member of the....

Airbnb usage triples in India

New Delhi: Community driven accommodation marketplace Airbnb on Wednesday said travel via its platform in India has tripled in the last one year, pegging India as one of its fastest....

Adani Ports Q4 net up 38 percent

Ahmedabad: Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a rise of 38 percent in its net profit for the quarter ended March, at Rs.914 crore as....

Dell retains name in biggest tech merger in history

Las Vegas: Michael Dell announced at the casino capital of the world that the biggest merger in tech history will be called Dell Technologies.   "It has a nice sound....

Larsen & Toubro fourth quarter profits rise up to 15%

New Delhi: Larsen & Toubro finance holdings reported a 15% increase in year-on-year consolidated net profit at 237 cr in the fourth quarter which ended on March 31, 2016, as....

Spanish stock market falls 0.04 percent

Madrid: The Spanish stock market index Ibex-35 fell 0.04 percent on Monday to close at 9,022.10 points, down from the 9,025.70 points of Friday.   On Monday's session, Banco Popular....

Nifty slips below 7800; Sensex falls over 200 points

Mumbai: Amid sell off in banking stocks Nifty traded below the key 7,800 levels. The Sensex fell over 200 points below 25,400 levels.   The market has opened lower on....

Vijay Mallya deposed over debt, bank’s attempt to auction brand Kingfisher abortive

Mumbai: There were no takers for the defunct Kingfisher Airlines' intellectual properties like brand names and trademarks, once valued at over Rs.4,000 crore, at an hourlong auction on Saturday.  ....

Non-manufacturing sector in China grows slow in April

Beijing: Business activity in China's non-manufacturing sector expanded at slower pace in April, official data showed on Sunday. The purchasing managers' index (PMI) for the non-manufacturing sector stood at 53.5....

Reliance Defence, Ukroboronprom sign pact for military aircraft

Mumbai: Reliance Defence, a part of the Anil Ambani-led Reliance Group, has inked a pact with Ukraine's state-owned Ukroboronprom to collaborate for assembling and maintaining the Antonov series of military....

LeEco-Flipkart renew tie-up for phone launch in India

New Delhi: Global internet technology conglomerate LeEco has now renewed its exclusive partnership with Flipkart in anticipation of the launch of its next bestseller phone in India. An agreement to....

Syngene posts Q4 profit up 18% to Rs 66.5 crore

New Delhi: Syngene International Ltd, the contract research services arm of India's largest biopharmaceutical firm Biocon Ltd, reported an 18 percent increase in net profit at Rs 66.5 crore for....

No proposal of merger between IDBI and L&T Finance

New Delhi: Government-owned IDBI Bank said there is no formal proposal from L&T Finance Holdings for merger with the bank. "There is no proposal from L&T Finance for merger," IDBI....

Banks classify Bhushan Steel loans as non-performing assets

New Delhi: Several banks that loaned money to Bhushan Steel Ltd have classified their loans as bad, or as a non-performing asset (NPA) in January-March quarter. According to the reports,....

Nifty crosses 9,500-mark for first time

Monday Market Watch: Infosys, DCB Bank strike gold, TCS a worry

New Delhi: Going by Monday’s trends in the stock market, below is a list of the best movers on the BSE Sensex and NSE Nifty. IT giant Infosys is likely....

Top 50 US companies have stashed $1.4 trillion in tax havens

London: As many as top 50 US companies, including the likes of Apple, Walmart, General Electric, Microsoft, Google and Coca-Cola have a whopping $1.4 trillion stashed in offshore tax havens,....

OYO Rooms, Biotique partner to enhance in-room experience

New Delhi: Branded budget hotel marketplace OYO Rooms on Thursday announced a tie-up with Biotique, a leading brand for personal care products, to enhance in-room experience for the travellers. "With....

US stocks trade high after China data

New York: The US stocks traded higher in the morning session on Wednesday, after strong Chinese trade data and JPMorgan Chase's better-than-expected quarterly profit. By noon, the Dow Jones Industrial....

Sensex gains 279 points in early trade

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 279.50 points or 1.11 points higher during the morning session.   The wider....

Huawei watch launches in India with Android wear

Bengaluru: Chinese telecom major Huawei on Monday entered the India's intensely competitive wearable market, with a watch powered by Android app embedded in it to stay connected anywhere and send....

Ashoka Buildcon’s share value rises as no incriminating docs found in Income Tax raid

New Delhi: The share value of construction company Ashoka Buildcon increased by up to 10 per cent to Rs.161.80 on Monday after no incriminating documents were found during the income....

Chinese firm keen to invest in Telangana irrigation projects

Hyderabad: China's Gezhouba Group Company Ltd has come forward to invest and become a partner in construction of irrigation projects in Telangana, an official statement said on Friday.   A....

Petroleum minister Dharmendra Pradhan to visit Iran and UAE

New Delhi: In the first visit by an Indian minister to Iran since sanctions against it were lifted earlier this year, Petroleum Minister Dharmendra Pradhan will be in the country....

Ahead of the monetary policy review, RBI’s 50 bps rate cut can be effective: CEO survey

New Delhi: While 25 basis points (bps) cut in the interest rates by the RBI in the monetary policy is imminent, the real impact on lending costs will be felt....

Australia approves grant of mining leases to Adani

Sydney: India's Adani Enterprises may soon start work on the mega Carmichael coal project in Australia after securing leases following final environmental clearance by the government. Australia's Minister for Natural....