The growth exceeded management forecasts and analyst projections. Netflix's stock rose 1 percent in extended trading, putting it on track to touch new highs Tuesday. The shares have increased by about five-fold during the past four years.
Now that the government has allowed a higher gas price of USD 6.3 per million British thermal unit for yet-to-be-developed gas finds in difficult areas like the deepsea, Reliance Industries and BP have decided to take up their development.
Under the fund-based business, the lending book of JM Financial Products stood at Rs 6,102 crore at end of September.
Kingfisher Airlines owes over Rs 9,000 crore to at least 17 lenders including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of and United Bank of India.
According to the SFIO report, IQ Bridge Limited, Mauritius, and its Indian subsidiary, IQ Bridge Limited, Bangalore, controlled by Mallya and the UB Group, held 15 lakh and 52 lakh equity shares respectively in Kingfisher Airlines before its merger with Deccan Aviation.
Sun Pharma's top-line is likely to decline 15 per cent, owing to increasing pressure on Taro's business and a lack of generic launches to offset pricing pressure in the base business. Domestic business is however likely to post strong growth, given channel re-stocking.
The company's interest expenses declined 65.6 per cent y-o-y to Rs 10.93 crore, while other income increased to Rs 21.2 crore in the quarter compared to Rs 8.04 crore in the year-ago period, the company said
Former’s shareholders to get 639 shares of latter for every 1,000 shares held
“LIC has filed an application by financial creditor to initiate corporate insolvency resolution process under the code at the NCLT Mumbai against DB Realty for recovery of this outstanding money,” DB Realty said
The qualified institutional quota (QIB) of the IPO received a good response from institutional buyers led by Life Insurance Corporation (LIC), bailing out the IPO. QIB portion was oversubscribed 2.25 times with the buyers putting Rs 12,770 crore against the reserved portion of Rs 5,680 crore
The company’s revenue rose 23.9 per cent to Rs 1,01,169 crore in the reported quarter as against Rs 81,651 crore in the year-ago period
After soaring as much as 2.5 per cent to $200.82, the stock prices came down to $198.75 a share. The company is expected to report third quarter earnings on Monday.
Reliance Industries' revenue rose 23.9 per cent to Rs 1,01,169 crore in the reported quarter as against Rs 81,651 crore in the year-ago period.
Vodafone has initiated arbitration proceedings under the India-United Kingdom Bilateral Investment Protection Agreement in connection with the tax demand raised against the company in relation to its USD 11 billion deal acquiring the stake of Hutchinson Telecom.
India's telecoms market has seen rapid consolidation since the entrance of Reliance Jio Infocomm Ltd sparked a price war.
"But it is most regrettable and deplorable that the management of IDBI Bank has been delaying the issue unwarrantedly," AIBEA said in a statement.
India's largest software exporter TCS on Thursday reported 2.1 per cent dip in net profit to Rs 6,446 crore for the September quarter on softness in banking and retail segments, but gave better guidance based on client optimism.
Under the agreement, Airtel will get Tata Teleservices Ltd.’s airwaves and 40 million customers, Bharti said in an emailed statement on Thursday.
TCS said growth was led by Europe (up 5.3 per cent Q-o-Q), Latin America (up 5.7 per cent Q-o-Q), APAC (up 3 per cent Q-o-Q) and UK (up 2.5 per cent Q-o-Q). North America grew by 1.4 per cent Q-o-Q with continued softness in banking and retail.
he platform would develop or acquire office property across six cities — Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad and Chennai.
The Tatas are also in initial stages of exploring combination of its enterprise business with Tata Communications and its retail fixed line and broadband business with Tata Sky.
Vijay Mallya owes over Rs 250 crore to the Airport Authority of India, according to AAI.
The court was hearing a plea by market regulator Securities and Exchange Board of India (Sebi) which alleged that the group had allegedly obstructed the process by writing a letter to the Pune police raising the issue of law and order at the site.
Reliance Securities had reported a profit before tax of Rs 20.6 crore in July-September period of 2016-17.
The prosecution, which has lodged a cross-appeal against the lower court ruling that found Lee innocent on some charges, said the court's decision to not acknowledge explicit solicitation for Park's help from Samsung despite the evidence found "did not make sense".
Alleging that the aggregators are disrupting the market by putting in huge sums of foreign investor money, Meru cabs said it has filed four different complaints with the CCI.
The government, including Railway Minister Piyush Goyal had told the media last month that the project was in fact on track and had no possibility of a closure.
Kingfisher did not inform its board about the sponsorship agreement despite it being a related party transaction, which is a violation of Accounting Standards, said the report.
Ola plans to make significant technology investments into artificial intelligence and machine learning capabilities.
Reliance Infra intends to utilise the proceeds to reduce its debt and strengthen its position to tap opportunities in defence and infra.
The firm reported a net loss of Rs 3,501 crore in 2016-17 on revenues of Rs 15,027 crore.
N Chandrasekaran's predecessor Cyrus Mistry, who was ousted from Tata Sons last year, had alleged that Nano had reached a peak loss of Rs 1,000 crore.
Social media users said there were racist implications of a soap ad that showed a black woman transforming into a white woman. Many who criticized the imagery said it suggests black skin is dirty and white skin is clean, and noted there is a historical legacy of racism in soap ads
By presenting better than actual financials, Kingfisher was able to obtain higher bank loans, some of which were used to meet continuing cash losses, the report alleged.
The panel has asked for increasing minimum board strength to six members and appointing at least one woman as independent director.
National Company Law Tribunal to now hear case on October 9.