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Glenmark net profit jumps 13 times to Rs 143.04 crore in Q4

Mumbai: Pharmaceuticals major Glenmark on Thursday announced that its net profit jumped 13 times to Rs 143.04 crore for the quarter ended March as compared to Rs 10.61 crore in....

Airbus SAS signs pact with, Aequs Aerospace to source its engine parts

Bengaluru: Global aerospace major Airbus SAS on Thursday signed an agreement with Karnataka-based Aequs Aerospace to source 100,000 titanium machined parts for its A320 new engine programme. "The parts will....

India’s factory output growth flat as retail inflation for April rose to 5.39%

New Delhi: India's factory output growth turned flat in March after rising during the month before, even as the annual retail inflation for April rose to 5.39% from 4.83% in....

Bank union calls for nationwide strike to oppose privatization

New Delhi: Bank employees across the country will go on a one day strike, on July 29. The proposed strike is to oppose privatisation of public sector banks and banking....

Hey bud, Cheers America!

New York: Rebranding has been taken to the next level this summer season with the popular beer brand Budweiser renaming itself as ‘America’.   The change, announced this summer-election season,....

Taxation of Investors in Mauritius to begin from 2017

Mauritius: The protocol for amendment of two-decade-old Double Taxation Avoidance Agreement (DTAA) between India and Mauritius was signed on Tuesday.  The protocol enables India to get taxation rights on capital....

Steel exports fall 27% to 0.308 mt in April

Kolkata: Steel exports fell 27% in April this year to 0.308 million tonnes (mt) while finished steel production in the country grew 3.2% to 7.48 million tonnes in the first....

Titan Company shares fall 14.4% on weak Q4

New Delhi: The company had a net profit at Rs 215.09 crore for the same quarter in the previous year. Its revenues declined by 1.5% to Rs 2,437 crore for....

India ranks ninth among crony capitalist nations: Economist

London: A spurt in number of billionaires and increasing wealth creation by any means have made India rank ninth among the crony capitalist countries, said a study in "The Economist"....

China’s exports rises 4.1%, imports drop 5.7% in April

Beijing: China's exports rose 4.1 percent year on year in April while imports dipped 5.7%, customs data showed on Sunday. It led to a monthly trade surplus of 298 billion....

Grasim Industries net profit up 37% in March quarter

Mumbai: Grasim Industries on Saturday reported a 37% rise in its consolidated net profit for the quarter ended March to Rs 696 crore from Rs 507 crore in the year....

5 Start Ups that got shut lock, stock and barrel owing to ‘queer’ concepts

Sarcasm Alert, Junk Mail and much more...Here is a list  of 5 Start Ups that closed down because people termed their concepts as 'bizarre'. Intellitar  In 2010, a startup called Intellitar came....

Finance Ministry nods in favour of setting up government e-marketplace

New Delhi: The finance ministry on Friday approved the creation of government e-marketplace (GeM) for commonly used goods and services.   "The GeM would be dynamic, self-sustaining and user friendly.....

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....