Power Transmission and Distribution services provider BS Ltd said revenue almost doubled in the first quarter of the current financial year. It reported a consolidated total turnover of INR 970 crore in the first quarter from Rs 502 cr in the same quarter of last year. Net profit jumped to Rs 24 crore from Rs […]
Taslima Nasreen, who was forced to leave Bangladesh after religious fundamentalists there objected to her writings, has accused ‘pseudo secular’ liberals in her host country India of being complacent about the threat of Islamist fundamentalist in India. “ISIS has planned to take over India by 2020. Pseudo-secular Indians might say, Atithi Devo Bhava,” Nasreen tweeted […]
SpiceJet today announced the addition of three new flights and 137 new connections to its current network. All of these new flights and connections are between cities currently served by the airline, and give passengers even more options to get from one place to another on the network on a single airline with a single […]
India Ratings and Research has downgraded Shree Renuka Sugars Limited to IND BB- from IND BBB- fearing liquidity problems caused by falling sugar prices. It also held out a bleak outlook for the sugar industry in general. “The downgrade reflects the likelihood of higher-than-expected liquidity concerns post Ind-Ra’s further interactions with SRSL’s management amid falling […]
Housing.com, which recently fired its founder and CEO Rahul Yadav, said it had appointed Jason Kothari as its Chief Business Officer and member of the Operating Committee to drive its overall strategy and growth in India. Jason, together with iCEO & COO Rishabh Gupta, will be reporting to the Operating Committee and the Board, the […]
Air India has increased the baggage allowance for domestic economy class passengers to 25 kg, or 10 kg more than what most private airlines in India offer. Air India said it was the only airline in India to offer so much as baggage allowance on domestic economy class tickets. “This offer is valid from Aug […]
Federal Bank said customers can now avail loans against fixed deposits through its online platform, and that the first 3,000 customers will get interest rate concessions. “Fed-E-Credit is an online loan against deposit, and is the first in the series of online loan products planned by the Bank,” it said. Through Fed-E-Credit, customers can apply […]
Activist Medha Patkar, who quit Aam Aadmi Party a few months ago over policies of Arvind Kejriwal, has come out in support of former AAP colleague Yogendra Yadav, who has been arrested by the central government for holding a protest without permission. “Narmada Bachao Andolan condemns the arbitrary arrest of Yogendra Yadav and other Saathis […]
The compliance window in the black money law has created more confusion and fear in the minds of the industry leaders, professionals, trading entrepreneurs, than giving any comfort of stress-free regime that treats the tax-payers with respect, the ASSOCHAM said. India’s black money law has tough provisions for those found to be holding assets and […]
Bosch Ltd, a supplier of technology and services, reported a 7.5% increase in net sales and income from operations in the first quarter of the financial year 2015-16 to Rs 2,532 crores. Profit Before Tax (PBT) increased by 17.8 percent and stood at Rs 516 crores. Profit After Tax (PAT) stood at INR 344 crores, […]
State Bank of India said its Net Profit increased by 10.25% from Rs 3,349 crores in last year to Rs 3,692 crores in the first quarter. SBI’s operating profit increased by 4.72% from Rs 8,788 crores in the same quarter last year to Rs 9,202 crores in the first quarter. Fee income increased by 12.86% […]
Yamaha Motor India today launched the YZF-R3 sports bike at the Budhha International Circuit near Delhi. The YZF – R3 will cost the Indian buyers Rs 3.23 lakh and will be available at select authorised Yamaha dealerships in two colour schemes – Racing Blue and Black Lightning. The all new Yamaha YZF – R3 mounts […]
Shree Uttam Steel and Power Ltd, a part of Uttam Galva Group and POSCO Korea, today signed a Memorandum of Agreement to set up an integrated steel manufacturing facility under a Joint Venture arrangement in India. The agreement was signed in Mumbai today. The memorandum of agreement is the first step of a process to […]
NDTV and TV Today said they had received show cause notices from the ministry of information and broadcasting for airing programs on the suitability of the death penalty for Yakub Memon, who was hanged to death last week. “The Company firmly believes that it has not violated any law while covering the said news and […]
Institutional Investor Advisory Services India Limited (IiAS) has said that many Indian companies are disregarding the boundaries imposed on related party transactions brought in by new SEBI norms brought in over the last few years by passing vague enabling resolutions. IiAS is India’s leading proxy advisory firm and offers voting recommendations on shareholder resolutions. It […]
IDBI Bank has reduced the interest rates on Retail Term Deposit by 40 basis points (0.4 percentage points) on fixed deposits with maturity of more than 6 months and up to 270 days. For maturity periods of over 271 days, it has reduced the interest rates by 25 basis points. Senior citizens would get interest […]
Construction major Shapoorji Pallonji Group has issued Rs 2,610 cr of bonds at an average price of 9.15%, making it one of the biggest asset-backed infrastructure project financing in India. “At Rs 2,610 crores, this is among the largest private sector infrastructure bonds issued in India and is the largest bond in the roads sector,” […]
The AirAsia Group is offering flights from India to Bangkok, Thailand and Kuala Lumpur, Malaysia at Rs 3,699 one-way, the company said. Celebrating its 300 million passenger milestone, the low-cost carrier is also offering domestic India flights for Rs 999 all in on certain routes. “The AirAsia Group affiliates with flight codes AK, FD, QZ, […]
Tube Investments of India Limited, part of the Murugappa Group and maker of BSA cycles in India, reported Q1 profit of Rs 95 cr against Rs 90 cr for the corresponding quarter in the previous year. On a standalone basis, the company’s revenue for the quarter was higher by 3% at Rs 1009 cr as […]
Toyota Kirloskar Motor today launched the 2015 Etios Xclusive billed as the “Real Sedan made by the makers of the World’s No. 1 Sedan, the Toyota Corolla Altis.” The Etios Xclusive starts from Rs. 7.82 lakhs before taxes in Delhi for the petrol variant and at Rs 8.93 lakh for the diesel variant. The 2015 […]
