Business Fwire News - Page 7
Bhel to set up manufacturing unit in Maha; to invest Rs 500 crore
State-run Bhel today said it will invest Rs 500 crore for setting up a manufacturing facility at Bhandara in Maharashtra.
How being a shareholder transformed Shakespeare's writing
Dr Bart van Es Faculty of Oxford University's Faculty of English Language and Literature argued that Shakespeare's decision in 1594 to buy a one-eighth share in the Lord Chamberlain's Men not only made him wealthy but meant that he got to know the actors he was writing for.
RPower Q4 net up 15% at Rs 266 crore
Reliance Power today posted 15 percent jump in its net profit at Rs 266.06 crore for the quarter ended March 31, 2013.
HC sets aside I-T notices issued to BSNL for filing fresh ITRs
The Delhi High Court has set aside two Income Tax notices ordering reopening of income assessment of BSNL for 2001-02 and 2002-03 on the grounds that the telecom PSU escaped assessment by claiming excessive depreciation on its assets.
Dena Bank's net profit halves to Rs 125.67 crore
The bank had reported net profit of Rs 254.79 crore over the same period (January-March) of the previous fiscal 2011-12.
WGC, India Post ink pact to offer discount on gold coins
The consumers can buy 99.9% pure, Swiss-manufactured gold coins in denominations of 1gm, 5gm, 8gm, 10gm, 20gm and 50gm.
Jubilant FoodWorks Q4 net up 12% at Rs 33cr; plans expansion
Food services major Jubilant FoodWorks today reported a 11.52 per cent rise in net profit at Rs 32.71 crore for the quarter ended March 31, 2013, mainly on account of an increase in number of Domino's Pizza stores.
Microsoft names insider Amy Hood as CFO
Microsoft Corp on Wednesday named Amy Hood, head of finance of its Office division, as its new chief financial officer.
SKS Microfinance Q4 net at Rs 3 crore
SKS Microfinance, India's only listed micro lender, today said it made Rs 2.70 crore net profit for the fourth quarter ended March 31, 2012.
Lupin Q4 net surges nearly three-fold to Rs 408 cr
Drug major Lupin Ltd today posted nearly three-fold increase in its consolidated net profit at Rs 408.1 crore for the fourth quarter ended March 31, 2013.
Firstsource Solutions Q4 net rises 74% to Rs 40 crore
Business process outsourcing firm Firstsource Solutions today reported 74.2 per cent jump in its net profit at Rs 40.2 crore for the fourth quarter ended March 31, 2013.
Infosys partners with SAP for mobile apps to enhance retail sales
Country's second largest software firm, Infosys today said it has partnered with enterprise solutions provider SAP for developing mobile applications for the retail industry.
Allahabad Bank Q4 net profit dips by 68%
Public sector Allahabad Bank Tuesday reported a 68.47 percent dip in net profit for the quarter ended March 31, 2013, to Rs.126.15 crore from Rs.400.22 crore in the corresponding year-ago period.
Allahabad Bank Q4 profit falls 68.5% at Rs 126.15 cr
The Kolkata-based bank proposed a dividend of 60 percent, or Rs 6, per share for 2012-2013.
South Indian Bank Q4 net up 26% at Rs 154 crore
South Indian Bank has reported a 26 per cent rise in net profit at Rs 153.83 crore for the fourth quarter of 2012-13 fiscal.<br /><br />
IOC raises Rs 1,700 cr through domestic bond issue
State-owned Indian Oil Corp (IOC) today said it has raised Rs 1,700 crore through a domestic bond issue at a new benchmark low interest rate of 8.14 per cent.
Airtel's Africa operations loss widens to Rs 485 cr
Telecom giant Bharti Airtel today said the net loss from African operations has widened to Rs 485.7 crore in the January-March quarter led by slowdown in economic activity and political instability
Bajaj bike sales down 12 percent in April
BAL said exports decreased by 22.89 per cent during the month at 1,30,329 units compared to 1,69,010 units in April 2012
Andhra Bank Q4 net at Rs 345 crore
Andhra Bank today reported a marginal jump of 1.5 percent in net profit at Rs 345 crore for the fourth quarter ended March 31, 2013.
TVS Motor sales down 6.4% in April
Two and three wheeler manufacturer TVS Motor Company registered 6.44 percent decline on its sales in April at 1,60,502 units.
Sanofi India Q1 net up 11% at Rs 44 cr
Sanofi India Ltd today posted a 10.47 percent rise in its net profit at Rs 44.3 crore for the first quarter ended March 31, 2013
NTPC owes Rs 2,839 cr to Coal India, says govt
The government today said state- owned NTPC has outstanding dues of Rs 2,839 crore towards Coal India (CIL).
New SC bench commences hearing on Mittal, Ruia pleas in 2G case
Before Mittal could start his arguments, the CBI and an NGO today raised preliminary objections that the matter should not be heard by a newly constituted bench comprising Chief Justice Altamas Kabir and Justice S S Nijjar
Adani Port violated environmental norms at Mundra: MoEF
Due to non-compliance of environmental clearance rules by the company, there has been widespread destruction of mangroves and deterioration and loss of creeks near the proposed North Port.
Tata Steel outlook remains negative, says Moody's
On Tuesday, another rating agency Fitch had also affirmed a negative outlook to Tata Steel, citing similar reasons.
FY'13: Sales of private non-financial firms up 9.2% in Q3
The Reserve Bank data represents the performance of 2,745 of non-financial, non-government listed companies.<br /><br />
Jet enters code share agreement with South African Airways
Jet Airways will code share on South African Airways' flights between Mumbai and Johannesburg and beyond to Cape Town and Durban, the release said. <br /><br />