CEO and MD Rajesh Gopinathan added that Business 4.0 provides an integrated and holistic framework to help customers address issues and focus on growth in an agile manner.
The bank’s NII, the difference between interest earned and interest expended, rose 17.7 per cent y-o-y to Rs 10,658 crore. The bank’s provisions rose 22 per cent y-o-y to Rs 1,541 crore in the March quarter.
Sachin Bansal and Binny Bansal, former Amazon employees who founded Flipkart in 2007 in India’s tech hub of Bengaluru, are also likely to part sell their stake as part of the deal, one of the sources said.
The stock jumped 6.76 per cent to settle at Rs 3,406.40 on the BSE. During the day, it soared 7.22 per cent to its 52-week high of Rs 3,421.25.
Fortis Healthcare Ltd has become the target of a takeover battle that includes offers from China's Fosun International and Malaysia's IHH Healthcare.
The company's quarterly results were announced post market hours on Thursday. The stock was the biggest gainer on both key indices, Sensex and Nifty.
US-based P&G derived 12 percent of group sales, or $7.5 billion, from health care products last year, including Oral-B toothbrushes and toothpastes.
The company reported a revenue growth of 8.2 per cent at Rs 32,075 crore for the said quarter, up from Rs 29,642 crore a year earlier. On a sequential basis, the net profit rose by 5.71 per cent from the December 2017 quarter.
Legal experts opined that since the SC has ordered a status quo, it will examine the case and decide the future course of action.
The bench comprising judges Manorama Kumari and HP Chaturvedi admonished the CoC and resolution professional (RP) Satish Kumar Gupta for not following due procedures by not providing “sufficient chances” to both the resolution applicants.
Harford added that the company’s recent deal with Grab in South East Asia has freed up resources to up in its investment in India.
Vedanta is acquiring the bankrupt steelmaker for Rs 5,320 crore. Of this, Rs 1,805 crore would be used to subscribe to the company’s equity while Rs 3,515 crore would be provided by “way of debt”.
Disinvestment-bound Air India would now charge passengers for advance reservation of middle seats. Presently, people are charged for reserving seats on front, bulk head and emergency exit rows. These seats have extra leg space.
As the birthplace of prophet Muhammad, Makkah is the holiest city for Muslims and the KAAR project is considered as one of the most important development projects in Makkah.
The research could further complicate plans by oil companies to explore an area that some geologists say could hold up to 14 billion barrels of petroleum, or more than the entire proven reserves in the Gulf of Mexico.
It was the second time since February that Tesla has temporarily shut down its production line for the Model 3 at its Fremont, California plant.
Biocon earned about 22 per cent of its revenues from the US in 2016-17.
This is the first among 12 companies mentioned in the Reserve Bank of India’s first list of corporate defaulters that will go in for liquidation.
Musk's claim about profit and cash flow hinges on a rapid rise in production of the Model 3 sedan, Tesla's latest vehicle to have experienced production delays.
Senior counsel CA Sundaram contended the code bars promoters and the company acting in consort with it from making any offer.