BSNL engineers Internet revolution in Moist-affected areas

Signalling a silent revolution underway in Maoist-affected areas of the country where internet data usage has crossed a record 400 gigabytes per day, state-run BSNL on Sunday said this achievement was a result of the central government's strategy of setting up a robust mobile communication network in areas affected by the left-wing extremist violence.

According to the telecom oper

Concerns over tensions in Middle East, inflation to drive equity indices

 Tensions in the Middle East, coupled with the release of key macro-economic inflation data points and the ongoing quarterly results season, are expected to determine the trajectory of equity indices next week.

Market observers opined that the rupee's value against the US dollar, along with crude oil prices and the direction of foreign funds, will also impact investors' r

Coal India`s net profit falls about 40% in Q2

Coal India Ltd (CIL) on Saturday reported close to 40 percent fall in its consolidated net profit to Rs 368.88 crore in the quarter ended September 30, 2017 as compared to Rs. 612.44 crore in the corresponding quarter last fiscal.

Its revenue from operations for the quarter stood at Rs 18,148.31 crore, up 4.19 percent from Rs 17,418.43 crore in the year-ago period.The miner produ

Birla Corporation net profit down to Rs 1.46 cr in Q2

Birla Corporation Ltd, an M.P. Birla Group company, on Saturday reported that its consolidated net profit fell to Rs 1.46 crore in the quarter ended September 30, as compared to Rs 65.43 crore in the corresponding period last fiscal.

Revenue from operation during the quarter stood at Rs 1,235.49 crore compared to Rs 1,079.83 crore in the year ago period as cement prices remained depre

Uflex clocks 6% half-yearly bottom line growth

Flexible packaging materials and solution company, Uflex Limited has registered a 6.12 per cent (year-on-year) growth in its consolidated net profit for the first six months of the ongoing fiscal (2017-18), a company statement said here.

The net profit for first half that ended on September 30, 2017, stood at Rs 187.3 crore as against Rs 176.5 crore in the previous fiscal.

Nalco posts Rs 235 cr profit in 2nd quarter

The National Aluminium Company Limited (Nalco) has achieved a net profit of Rs 235 crore for the second quarter in the financial year 2017-18, said a statement on Saturday.

According to the reviewed financial results for the second quarter taken on record by the Board in the meeting held here on Saturday, Nalco has achieved net profit of Rs 235 crore as against Rs 129 crore in the pre

 Reliance Infrastructure Q2 consolidated net profit at Rs 544 cr

 Reliance Infrastructure (RInfra) on Saturday reported a consolidated net profit of Rs 544 crore ($83 million) for the second quarter of 2017-18.

The company had posted a net profit of Rs 571 crore in Q2 of 2016-17. 

According to RInfra, its consolidated total income during the quarter under review increased to Rs 7,621 crore ($1.2 billion), against Rs 7,

L&T`s Q2 consolidated net profit climbs 32%

Engineering conglomerate Larsen and Toubro (L&T) on Saturday reported a rise of 31.86 per cent in its consolidated profit after tax (PAT) for the second quarter (Q2) ended September 30.

The company's PAT for the quarter stood at Rs 2,020.30 crore against Rs 1,532.15 crore reported during the corresponding quarter of the previous year.

Total income from operations for

Equity indices extend losses on subdued global cues, weak rupee

 Breaking a four-week rising streak, key Indian equity indices fell from their record high levels in the week just concluded as investors were spooked by weak global cues, a depreciating rupee and rising crude oil prices amid geo-political concerns.


The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) closed the week's trade at 33,314.56

Britannia Industries net profit up around 12% in Q2

Biscuit maker Britannia Industries on Saturday reported close to a 12 per cent increase in its consolidated net profit at Rs 261.03 crore during the quarter ended on September 30, 2017, as compared to Rs 234.05 crore in the year-ago period.

On a comparable basis, its consolidated revenue for the quarter stood at Rs 2,536.53 crore, up by 7.42 per cent from Rs 2,361.15 crore in the corr

Reliance Power clocks Rs 273 crore net profit in Q2

Reliance Power Limited, a Reliance Group company, on Saturday posted a net profit of Rs 273 crore for the second quarter (July-September) of 2017-18, a company statement said here.

The company had posted a net profit of Rs 272 crore for the corresponding quarter in 2016-17.

The total income of the company stood at Rs 2,380 crore for the second quarter of 2017-18.

D

DLF`s consolidated Q2 net profit down 91%

 Real estate major DLF on Friday reported a decline of 90.5 per cent in its consolidated net profit for the second quarter of 2017-18, at Rs 19 crore, as compared Rs 200 crore reported for the corresponding period of last fiscal.

"Post the enactment of RERA by various states, the company adopted a cautious approach by shutting down its sales in order to fully understand the

HCL posts Rs 28.55 crore profit in Q2

State-run Hindustan Copper Ltd (HCL) on Friday reported that its net profit jumped over four times to Rs 28.55 crore for the quarter ended September 30 as compared to Rs 6.77 crore in the year-ago period.

Its revenue from operations, in the quarter under review, stood at Rs 519.33 crore, up by 187 per cent from Rs 180.78 crore in the year-ago period.

The miner also reported

Nestle India Q3 profit climbs 23 percent as domestic sales rise

Noodles-to-chocolates maker Nestle India Ltd posted a 23 percent rise in third-quarter profit on Friday, buoyed by higher domestic sales.

Profit rose to 3.43 billion rupees ($52.64 million) in the quarter ended Sept. 30, from 2.78 billion rupees a year earlier, the Indian unit of packaged food giant Nestle SA said.

Domestic sales rose 3.7 percent to 23.41 billion rupees in t

BEML posts Q2 net profit of Rs 10.20 cr

The company reported standalone net profit during the quarter stood at Rs 10.20 crore compared to net loss of Rs 16.60 crore in the previous year quarter. Net revenue of the company rose substantially by 52.99 per cent at Rs 689.65 crore in July-September quarter of this fiscal as against Rs 450.79 crore in the corresponding period last year.

During July-September quarter, operating e

Bank of Maharashtra posts Q2 net loss of Rs 23.24 cr

The bank reported standalone net loss during the quarter stood at Rs 23.24 crore as compared to net loss of Rs 337.15 crore in the previous year quarter. Interest income of the bank declined by 2.62 per cent at Rs 2934.75 crore for the quarter ended September 30, 2017 as against Rs 3013.83 crore in the corresponding period last year.

During the July-September quarter, total income ros

Grovy India Q2 net profit jumps 42.86% at Rs 0.10 cr

The company reported standalone net profit of Rs 0.10 crore for the quarter ended September 30, 2017 as compared to Rs 0.07 crore in the same period last year, registering a year-on-year growth of 42.86 per cent. Net revenue of the company rose three fold by 5263.64 per cent at Rs 5.90 crore in July-September quarter of this fiscal as against Rs 0.11 crore in the corresponding period last year.

BSNL ties up with Fibre Home to manufacture telecom equipment

State-owned telecom service provider Bharat Sanchar Nigam Limited (BSNL) has signed a memorandum of understanding (MoU) with Fibre Home Pvt. Ltd. to jointly start manufacturing telecom equipment and optical fibre cable in BSNL factories.

BSNL has seven telecom factories with a large manpower (around 1,600) and elaborate infrastructure. The telecom factories are manufacturing several c

Axis Bank to raise $1.8 billion from investors including Bain Capital, LIC

MUMBAI  - India's Axis Bank Ltd is to raise 116.26 billion rupees ($1.8 billion) to further strengthen its capital base by selling shares and warrants to a group of investors including Bain Capital and top Indian insurer Life Insurance Corp (LIC).

Axis Bank said in a filing that its board had approved the sale of up to 172.63 million shares at 525 rupees each

Shivalik Rasayan Q2 net profit up 34.62% at Rs 1.05 cr

The company reported standalone net profit of Rs 1.05 crore for the quarter ended September 30, 2017 as compared to Rs 0.78 crore in the same period last year, registering a year-on-year growth of 34.62 per cent. Net revenue of the company declined moderately by 9.03 per cent at Rs 10.17 crore in July-September quarter of this fiscal as against Rs 11.18 crore in the corresponding period last ye

Quick Heal Technologies Q2 net profit up 8.15% at Rs 39.27 cr

The company reported standalone net profit of Rs 39.27 crore for the quarter ended September 30, 2017 as compared to Rs 36.31 crore in the same period last year, registering a year-on-year growth of 8.15 per cent. Net revenue of the company declined marginally by 1.79 per cent at Rs 104.53 crore in July-September quarter of this fiscal as against Rs 106.43 crore in the corresponding period last

Shri Kalyan Q2 net profit zooms 580.00% at Rs 0.34 cr

The company reported standalone net profit of Rs 0.34 crore for the quarter ended September 30, 2017 as compared to Rs 0.05 crore in the same period last year, registering a year-on-year growth of 580.00 per cent. Net revenue of the company rose moderately by 15.35 per cent at Rs 2.33 crore in July-September quarter of this fiscal as against Rs 2.02 crore in the corresponding period last year.<

Timken India Ltd Q2 net profit up 24.75% at Rs 37.25 cr

The company reported standalone net profit of Rs 37.25 crore for the quarter ended September 30, 2017 as compared to Rs 29.86 crore in the same period last year, registering a year-on-year growth of 24.75 per cent. Net revenue of the company rose moderately by 11.34 per cent at Rs 310.16 crore in July-September quarter of this fiscal as against Rs 278.57 crore in the corresponding period last y

Balmer Lawrie Q2 net profit down 5.39% at Rs 26.14 cr

The company reported standalone net profit of Rs 26.14 crore for the quarter ended September 30, 2017 as compared to Rs 27.63 crore in the same period last year, registering a year-on-year decline of 5.39 per cent. Net revenue of the company declined marginally by 4.86 per cent at Rs 371.27 crore in July-September quarter of this fiscal as against Rs 390.25 crore in the corresponding period las

P G Foils Ltd Q2 net profit down 31.13% at Rs 3.23 cr

The company reported standalone net profit of Rs 3.23 crore for the quarter ended September 30, 2017 as compared to Rs 4.69 crore in the same period last year, registering a year-on-year decline of 31.13 per cent. Net revenue of the company rose marginally by 1.66 per cent at Rs 58.10 crore in July-September quarter of this fiscal as against Rs 57.15 crore in the corresponding period last year.