Companies

SBI Reports First Profit Growth in Six Quarters

The State Bank of India on Friday reported its first profit in the last six quarters due to the higher interest income and stability of bad loans.

Aug 8, 2014

Shares of Gujarat State Petronet Slip on 32% Quarterly Loss

Stocks of Gujarat State Petronet fell 3.68 percent to Rs.82.50 per share at 11 am during trading hours on Friday. The shares fell after the company posted its declined revenue results due to lower operational income.

Aug 8, 2014

a-passenger-outside-the-spicejet-airlines-ticket-counter-at-the-domestic-airport-on-the-outskirts-of-agartala

Maran to Sell Majority Stake in SpiceJet, 10% Salary Hike after 3 Years

The airline posted a loss of ₹1,003.24 crore in the previous financial year.

Aug 8, 2014

RCom Receives ₹650 Cr from Promoter Group Telecom

Reliance Communications on Thursday announced that it has received the first instalment of Rs 650 crore from Telecom Infrastructure Finance.

Aug 7, 2014

Adani Likely to Join Hands with IOC for Mundra Port Oil Refinery Project

The Adani Group and Indian Oil Corporation are in talks to build an Rs.30, 000 crore joint venture project with a capacity of 30 million tonne refinery at Mundra Port in Gujarat.

Aug 7, 2014

Luxury Brand LVL XIII Takes Legal Action Against Fashion Brand Louis Vuitton

Fashion industry's emerging firm LVL XIII Brands, has initiated legal action against one of the largest fashion brands Louis Vuitton for Trademark violation.

Aug 7, 2014

BSE closes points 242.74 down n on August 6

New Delhi, August 6 (ANI): Trading at the Bombay Stock Exchange today closed 242.74 points down to stand at 25,665.27. At the National Stock Exchange the Nifty closed 74.50 points down to stand at 7,672.05. Suzlon Energy and Sobha Dev were among the top gainers of Group A with an increase of 4.79% and 4.53% along with Piramal Enterprises and Berger Paints with an increase of 4.43% and 3.84% respectively, while the top losers of Group A include Bhushan Steel and Apollo Tyres with a decrease of 20.00% and 7.15% along with IDBI Bank and Indiabulls Real Estate with a decrease of 6.85% and 5.81% at the close of the markets. The Auto sector is down 123.66 points at 15,763.15 while the banking sector is down 318.64 points at 17,179.85 and the reality sector is down 24.23 points at 1,919.32. The Indian currency is down 0.96% at Rs 60.43 per dollar.

Aug 6, 2014

Syndicate Bank Bribery Case: Bhushan Steel Shares Dip 20% at 52-week Low

Stocks of Bhushan Steel recorded a year's low at ₹305 per share following involvement in Syndicate bank corruption case.

Aug 6, 2014

DoT Rejects CAG's Allegations on Undue Favours Extended to Reliance Jio

The telecom department responded in a 37 page report to Comptroller and Auditor General (CAG) regarding the issue.

Aug 6, 2014

Ratan Tata to Invest in Snapdeal to Join E-commerce Boom?

Tata would be the second Indian business tycoon after Wipro's Azim Premji to invest in the four-year-old firm.

Aug 6, 2014

Essar Bags $54 Million Contract from Saudi Aramco

Essar Projects, an engineering company on Tuesday announced that it has bagged a $54 million (₹328 crore) project from Saudi Arabian national oil and natural gas company Aramco.

Aug 5, 2014

Air India Incurs ₹10 Crore Loss Each Month due to Large Billboards in Take-off Area

Large and fancy billboards have been hindering smooth take-offs in Mumbai airport, due to which Air India reportedly incurs an estimated loss of about ₹10 crore per month on its Mumbai-New York flight

Aug 5, 2014

2G and 3G Spectrum Auction Expected in February

The department of telecom is likely to start the auction of 2G and 3G spectrum bands from February 2015.

Aug 2, 2014

India's Factory Output Reaches 17-Month High: HSBC PMI

Indian factory output rose to a 17-month high in July.

Aug 1, 2014

BSE closes points 414.13 down on August 1

New Delhi, August 01 (ANI): Trading at the Bombay Stock Exchange today closed 414.13 points down to stand at 25,480.84. At the National Stock Exchange the Nifty closed 118.70 points down to stand at 7,602.60. GMR Infra and Glenmark Pharma were among the top gainers of Group A with an increase of 7.66% and 3.86% along with Bharti Infratel and Union Bank with an increase of 3.56% and 3.19% respectively, while the top losers of Group A include Financial Tech and Torrent Power with a decrease of 5.00% and 4.71% along with Sun TV Network and Titan with a decrease of 4.37% and 4.14% at the close of the markets. The Auto sector is down 156.69 points at 15,334.02 while the banking sector is down 156.63 points 17,328.98 and the realty sector is down 19.45 points at 1,873.58. The Indian currency is up 0.96% at Rs 61.13 per dollar.

Aug 1, 2014