Business news

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Kotak Mahindra Bank Q1 net profit rises sharply on higher NII, lower provisioning

However, the bank's asset quality worsened a bit as net NPAs increased to 1.21 percent in the quarter, up from 1.04 percent as on June 30, 2015.

Jul 22, 2016

Now pay Rs.300 extra per kg for excess baggage on flights

The three airlines will now charge Rs. 300/kg extra for carrying excess baggage over and above the 20kg baggage allowance.

Jul 22, 2016

Zensar Technologies Q1 net profit flat at Rs. 76.2 crore, revenues up 8.2%

In dollar terms, however, net profit stood at $11.4 million, down 5% from the year-ago quarter.

Jul 22, 2016

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Advanced Enzyme Technologies IPO: Issue oversubscribed 115 times; will shares list at a premium?

The three-day, Rs. 411 crore IPO of Advanced Enzyme Technologies closes on Friday.

Jul 22, 2016

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Treebo Hotels raises Rs. 112 crore in Series B funding led by Bertelsmann

Treebo Hotels is a tech-enabled chain of affordable hotels founded in March last year.

Jul 22, 2016

IT hiring to be below 2 lakh in FY17: NASSCOM President

NASSCOM predicts less IT jobs due to automation, while TCS, Infosys net addition increased for the June 2016 quarter.

Jul 22, 2016

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ITC Q1FY17: Cigarette volume sales up 3% in June quarter, best in 3 years

Cigarette sales of diversified firm ITC rose 3 percent in June 2016 quarter despite higher taxes and row over pictorial warnings.

Jul 22, 2016

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'Kabali' frenzy skips markets; Bajaj Auto, Infosys, SBI, Tata Steel drag Sensex

India may be in the grip of "Kabali" fever, but Indian stock markets led by Bajaj Auto, SBI, Infosys are trading with losses.

Jul 22, 2016

Oil futures mixed, face weekly decline as glut fears persist

Iraq's oil exports are set to rise in July, according to loading data and an industry source.

Jul 22, 2016

Biocon's net profit rises 35% to Rs. 166.6 crore for June quarter

The pharmaceutical company's consolidated net revenues for the June quarter rose 21 percent to Rs. 982 crore.

Jul 22, 2016

Boeing warns of more than $2 billion in charges, shares drop

Boeing shares fell 1 percent after hours to $132.26 after the company gave notice of its largest write-offs in years, to be detailed in quarterly results on Wednesday.

Jul 22, 2016

Indian start-ups receive 50 per cent of global investments on wind energy

Power generation start-ups attracted the highest investment worth $7.08 million, while manufacturing received a total investment of $1.68 million over 2015-16.

Jul 21, 2016

Fortune 500: Rajesh Exports replaces ONGC among 7 Indian firms with highest revenues

Based on 2015 data, the collective revenue of all the Fortune 500 companies stood at $27.6 trillion, while their profits were $1.5 trillion.

Jul 21, 2016

Iconic 'Michelin Man' to debut in India's TV commercial

The 118 year-old Michelin Man will debut on Indian television channels in a video themed "safely ahead".

Jul 21, 2016

Are stressed asset funds the pill to cure India's bad loans?

Such funds will invest in stressed-assets of banks and asset reconstruction companies to help them revive to good financial health.

Jul 21, 2016

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Business news

Kotak Mahindra Bank Q1 net profit rises sharply on higher NII, lower provisioning

Now pay Rs.300 extra per kg for excess baggage on flights

Zensar Technologies Q1 net profit flat at Rs. 76.2 crore, revenues up 8.2%

Advanced Enzyme Technologies IPO: Issue oversubscribed 115 times; will shares list at a premium?

Treebo Hotels raises Rs. 112 crore in Series B funding led by Bertelsmann

IT hiring to be below 2 lakh in FY17: NASSCOM President

ITC Q1FY17: Cigarette volume sales up 3% in June quarter, best in 3 years

'Kabali' frenzy skips markets; Bajaj Auto, Infosys, SBI, Tata Steel drag Sensex

Oil futures mixed, face weekly decline as glut fears persist

Biocon's net profit rises 35% to Rs. 166.6 crore for June quarter

Boeing warns of more than $2 billion in charges, shares drop

Indian start-ups receive 50 per cent of global investments on wind energy

Fortune 500: Rajesh Exports replaces ONGC among 7 Indian firms with highest revenues

Iconic 'Michelin Man' to debut in India's TV commercial

Are stressed asset funds the pill to cure India's bad loans?

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]