Business Fwire News - Page 5
GAIL's profit declines 29% to Rs 808 cr in Q1, natural gas trading dents
The net profit fell despite its outgo on fuel subsidy remaining unchanged at Rs 700 crore.
2G case: Anil Ambani may have to appear as witness before CBI tomorrow
A bench headed by Justice G S Singhvi said the matter would be listed on Monday when senior advocate Mukul Rohatgi,<br /><br /> appearing for RTL, pleaded for an early hearing in view of the fact that Ambani has been summoned to appear tomorrow before the special CBI court.
Coca-Cola, Pepsi lose as US not convinced to drink more soda
Coca-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. all sold less soda in the second quarter in North America, dashing hopes for the moment that splashy new marketing and different sweetener mixes could get drinkers back.
Cabinet may approve sale of Indian oil stake next week
The Disinvestment Department has already selected five merchant bankers -- Citibank, HSBC, UBS Securities, SBI Capital and J M Financial -- to manage the stake sale of the oil major.
UCO Bank Q1 net rises 41%, treasury profits boost
Operating profit of the bank increased 62 percent at Rs 1,264 crore as compared to Rs 780 crore in the previous corresponding period.
Kotak Mahindra Bank Q1 net up 43% at Rs 403 cr on core income
The bank's scrip gained 0.05 percent to close at Rs 710.60 at the BSE, against the 0.90 percent gain in the 30-share benchmark.
Coal India increases exploration of Mozambique mines
In order to tide over the shortages of the fossil fuel, the government is also proposing to import coal.
Air India to connect Australia with Dreamliners from August
The airline would operate the daily services on a triangular route -- Delhi-Sydney-Melbourne-Delhi on four days and Delhi-Melbourne-Sydney-Delhi sector on three.
Coalgate: Ex-ASG Amarendra Sharan appointed as new CBI counsel
Sharan, who is a senior lawyer, will be assisted by advocate Sanchit Guru in the case which is listed for hearing tomorrow before a special bench headed by Justice R M Lodha.
SAIL starts delivery special rails to Indian Railways
These rails shall help Indian Railways to lay high speed, high strength and long life switches in their network.
Mahindra & Mahindra to observe 'no production' days at auto plants
Mahindra & Mahindra has informed BSE that the Company, as part of aligning its production with sales requirements, would be observing 'No Production Days' at its Automotive Plants
Airtel could face Rs 650 cr penalty as DoT not keen to give second chance
The DoT is learnt to be against giving another chance to Bharti Airtel on the Rs 650-crore penalty issue even as the company has sought a personal hearing from Telecom Minister Kapil Sibal on the matter.
Air India to restore Kolkata-Shillong service
Alliance Air, a subsidiary of Air India, had stopped its operation from Kolkata to Tezpur and Lilabari airports in December 2011.
FIPB clears 7 FDI proposals in pharma sector, defers 3
The Foreign Investment Promotion Board (FIPB) today cleared seven FDI proposals in Indian pharmaceutical companies, while deferring three cases on concerns of ownership control.
Centre may impose duty on Chinese chemical to protect local players
Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports.
Kazakhastan blocked $5 bn bid to buy stake in oilfield: ONGC Videsh
OVL had finalised the definitive agreements in November 2012 for acquisition of 8.40 percent participating interest of ConocoPhillips in the NCS PSA.
Citibank India profit up 41% on commercial banking, mortgage businesses
The bank's mortgage book grew 16.7 percent to Rs 9,949 crore in the year.
Coal India gets eco-sensitive Chhindwara mine
The mine is located within the migratory corridor between Pench and Satpuda Tiger Reserves in Madhya Pradesh. <br /><br />
Coal India misses June output target at 32.5 MT
The coal ministry has set a production target of 482 MT and off-take of 492 MT for Coal India for 2013-14.
Ford uses infrared images to soundproof cars
Ford said it is the first automaker to use this infrared technology to detect air leaks and consequently the holes and openings in the bodywork.<br /><br />
Cafe Coffee Day plans to add 500 more outlets by 2015
Coffee chain Cafe Coffee Day (CCD) today said it will open over 500 outlets by 2015 to take its total network to 2,000 outlets as part of a pan-India expansion programme.
Govt approves 18 single brand retail FDI proposals in last 2 yrs
The government approved a total of 18 foreign direct investment proposals worth $173 million in the single brand retail sector between April 2010 and May 2013, Parliament was informed today.