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May 29, 2016 5:44 pm

Housing.com's revenue grew 200 per cent month-on-month as the company is on track to achieve $10 million in revenue this fiscal year.

INDIAN-OIL
May 28, 2016 1:02 am

Fuel retailer sees 80% drop in net profit at Rs 1,236 cr in Q4

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May 28, 2016 12:56 am

The biggest loss was reported by Punjab National Bank at Rs 5,367 crore. Bank of Baroda made a loss of Rs 3,230 crore and Bank of India Rs 3,587 crore loss in the fourth quarter ended March 2016.

The country’s largest lender State Bank of India (SBI) on Friday cut its deposit rates for maturities of over one year by 0.25 per cent.
May 28, 2016 12:45 am

SBI has created a watch-list of accounts worth Rs 31,352 crore and expects 70 per cent of it to slip into non-performing category.

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May 26, 2016 9:50 am

Reliance improved its ranking this year to 121 from 142 last year, with a market value of USD 50.6 billion and assets worth USD 91.5 billion.

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May 26, 2016 3:07 am

In the mail, Kaul is known to have asked the firm to guarantee jobs to students, to shorten the delay of the deferred placements and termed the compensation of Rs 1.5 lakh offered by the firm as ‘unacceptable’.

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May 25, 2016 6:27 pm

Nearly 11,000 Tata jobs in the UK are on the line with the current sale process, including 4,000 at the Port Talbot works in south Wales, the UK's largest.

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May 25, 2016 5:31 pm

Standalone net sales during the period under review were up 32.86 per cent at Rs 5,893.48 crore as against Rs 4,435.53 crore in the year-ago period.

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May 25, 2016 2:45 pm

The board of directors has recommended a final dividend of Rs 5 per share at 50 per cent. The total amount of final dividend and tax, including the amount paid as interim dividend, amounts to Rs 1,916 crore.

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May 25, 2016 1:44 pm

Vijay Mallya is charged with defaulting airport user and the cheque issued by him got bounced because of having "insufficient funds in the account".

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May 25, 2016 2:16 am

In August 2015, the RBI had given in-principle approval to 11 applicants to set up payments bank.

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May 24, 2016 8:30 pm

United Breweries (Holdings) Ltd (UBHL) has sought time till July to file results for the last fiscal due to "uncertainties" resulting from ongoing cases against its Chairman Vijay Mallya.

Untitled-14
May 24, 2016 2:28 am

The deal follows the recent downgrade of Lodha by international ratings agency Moody’s. On May 17, Moody’s downgraded the corporate family rating of Lodha Developers (LDPL) to B1 from Ba3.

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May 23, 2016 11:06 am

It said on Monday it planned to finance the deal with a combination of debt and equity, which would include a rights offering.

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May 23, 2016 8:21 am

The branding will be of Tata Motors and Iran Khodro will be just a contract manufacturer, they said, adding that Tata Motors will start assembling in Iran in less than 2 years.

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May 22, 2016 5:01 pm

This is probably the first admission by the US-listed firm, which is struggling for funds and has been served 'default' notices by lenders in the past.

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May 22, 2016 4:40 pm

GMR Group is in the process of setting up an LNG (liquefied natural gas) terminal at Andhra Pradesh's Kakinada sea port with an investment of Rs 471 crore.

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May 22, 2016 3:54 pm

As much as 90 per cent of the demand for premium sedan Camry in the country is for its hybrid model, car maker Toyota said.

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May 22, 2016 9:51 am

The pharma major had also said Medrol was a fast moving medicine and therefore, the possibility of it being in the market close to its expiry date is inequitable, but this too was rejected by DCGI.

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May 21, 2016 2:17 pm

Singh, a farmer in Khajuria Naviram village under Bilsanda block of Pilibhit when went to the bank to deposit money was informed that the nationalized bank has frozen his account.

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May 22, 2016 3:22 pm

The tickets under the 'super sale offer' can be booked between today and May 25 for a travel period between July and September 30

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May 21, 2016 3:31 am

The cumulative loss of 21 public sector banks (PSBs) that have declared their fourth quarter results has crossed the Rs 16,000 crore mark.

May 21, 2016 3:06 am

Ashar had joined Cairn in May 2014 taking over from P Elango, then interim CEO.

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May 20, 2016 7:55 pm

During the quarter, revenue from cigarettes increased 10.17 per cent to Rs 4,639.17 crore from Rs 4,210.70 crore in the year-ago period although it continued to be impacted by illegal trade.

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May 20, 2016 12:58 pm

Ramco Cements consolidated net profit in the January-March quarter of 2014-15 stood at Rs 94.36 crore.

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May 20, 2016 1:38 am

The central bank said that up to 49 per cent FDI would be allowed if ownership of the investor company is not well diversified.

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May 20, 2016 1:32 am

The airline made a net profit of Rs 22 crore during the same period last year.

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May 20, 2016 1:26 am

Tata Communications, which provides telecom and data services infrastructures selling a 74 percent stake in its data centre business to Singapore-based ST Telemedia.

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May 19, 2016 2:07 am

However, the company’s total income from operations fell to Rs 10,697.52 crore in Q4FY16, as compared to Rs 12,599.7 crore in Q4FY15, according to a JSW Steel statement of consolidated financial results.

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May 18, 2016 5:47 pm

Mitsubishi Motors Corp President Testuro Aikawa is stepping down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.

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May 18, 2016 9:14 am

Hero Cycles claimed in a Ludhiana court that Avon’s AVON X design was identical to its Hero RX-1.

money-small
May 18, 2016 2:21 am

According to an investigative audit by the lenders, Zoom allegedly diverted loan funds to 350-odd subsidiaries, related parties based in India and abroad, and to purchase jewellery for the wife of its promoter Chaudhary.

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May 18, 2016 2:20 am

Vodafone India reported a 5 per cent jump in total revenue at Rs 44,490 crore for the fiscal ended March 31, on the back of data growth and customer additions, on Tuesday.

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May 16, 2016 4:43 pm

Online aggregator of branded hotels OYO Rooms has expanded its presence in the north-east by offering more than 250 standardised rooms in Gangtok and Darjeeling.

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May 16, 2016 3:22 pm

Enhancing connectivity to Saudi Arabia, private carrier Jet Airways will operate additional flight services to Dammam from next month.

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May 16, 2016 3:06 pm

Adani Power today said it has shut down four units of 660 MW capacity each out of five units at the Tiroda plant in Maharashtra due to acute water shortage.