Indian steel firms can meet railways` needs: government panel

NEW DELHI  - Indian steel companies can meet the needs of the country's railways and local rail market entrants such as Jindal Steel and Power Ltd should be given a chance, a government panel said in a document seen by Reuters.

Jindal Steel told the committee this month it could supply up to 600,000 tonnes of rails per year to Indian Railways, which recently

Coca-Cola India plans to be $2.5 bn FMCG by 2020

Coca-Cola's Indian arm on Monday announced plans to become a fast moving consumer goods (FMCG) giant worth $2.5 billion by 2020, the realisation of which would involve some restructuring.

To this end, the company aims to open one million new outlets by 2020, a Coca-Cola release said here. It currently distributes its products through two million outlets across 25 Indian states.

Infosys to modernise mainframe computing system of enterprises

Software major Infosys on Monday said it was partnering with global IT major Hewlett Packard Enterprise (HPE) to modernize mainframe computing system of enterprises worldwide.

"Our mainframe modernisation solution with HPE's mission critical computing systems will offer enterprises an integrated platform to transform their legacy applications to the latest hardware and softwa

ITC looks at FMCG segment as growth driver

 ITC Ltd sees growth opportunity in the fast moving consumer goods (FMCG) space as it is expanding the portfolios in the segment, a company official said on Monday.

"Opportunity is the biggest in the FMCG segment. That is where our internal capabilities can be leveraged... we will look at newer and newer areas as we go along," company CEO Sanjiv Puri said.

Acc

Ashok Leyland ties up with Hino Motors for engine technology

Commercial vehicle major Ashok Leyland Ltd on Monday said it has entered into a Mutual Cooperation Agreement with Japan's Hino Motors Ltd for engine technology.

In a statement issued here, Ashok Leyland said under the agreement, it will utilise Hino's engine technology for Euro-VI development. The Indian company will also support in development of Hino's engine parts purch

Indices maintain upward trajectory, gain for 8th consecutive session

 Continuing with their upward trajectory, the key indices of the Indian equity markets -- the S&P BSE Sensex and the NSE Nifty50 -- gained for the eighth straight session on Monday.

According to market observers, healthy buying was witnessed in banking, consumer durables and capital goods stocks.

The wider Nifty50 of the National Stock Exchange (NSE) provisionally c

Aegon Life Insurance appoints Vineet Arora as new MD, CEO

Aegon Life Insurance on Monday said it has appointed Vineet Arora as its new Managing Director and Chief Executive Officer, effective January 2018.

Arora will replace K.S. Gopalakrishnan, who left the company on November 17.

Chief People Officer of Aegon Life Insurance, Saba Adil, will serve as the interim in-charge and Principal Officer, the company said in a statement.

Essar sells Aegis to CSP for $300 mn

Essar sells Aegis to CSP for $300 mn

Essar Global on Monday said it has sold the business process outsourcing (BPO) company Aegis to Singapore-based investment firm Capital Square Partners (CSP) for $300 million (approximately Rs 2,000 crore).

According to the Essar Group, the transaction was made by AGC Holdings Limited (AGC) Mauritius which is a wholly owned portfolio comp

Kiri Industries Q2 net profit up 18.34% at Rs 30.07 cr

The company reported standalone net profit of Rs 30.07 crore for the quarter ended September 30, 2017 as compared to Rs 25.41 crore in the same period last year, registering a year-on-year growth of 18.34 per cent. Net revenue of the company declined moderately by 6.55 per cent at Rs 226.69 crore in July-September quarter of this fiscal as against Rs 242.58 crore in the corresponding period las

GRP Q2 net profit down 13.19% at Rs 2.37 cr

The company reported standalone net profit of Rs 2.37 crore for the quarter ended September 30, 2017 as compared to Rs 2.73 crore in the same period last year, registering a year-on-year decline of 13.19 per cent. Net revenue of the company declined by 0.35 per cent at Rs 80.10 crore in July-September quarter of this fiscal as against Rs 80.38 crore in the corresponding period last year. During

Lenovo tops Indian tablet market with 94% growth

While the Indian tablet PC market recorded a 4 per cent decline (Year-on-Year) in the third quarter this year, Lenovo captured 20.3 per cent share to lead the segment, witnessing 94 per cent growth over the previous quarter, market research firm CMR said on Monday.

Acer grabbed the second spot with 16 per cent market share in terms of unit shipments.

"Over a period of t

Penalise companies for failing to protect data: Huawei

 With a viable and immediate solution to the growing problem of data breach eluding the international community for years, governments the world over should consider instituting a system of incentives and disincentives whereby companies failing to protect personal data could be penalised, suggests Chinese technology giant Huawei's global head of cybersecurity John Suffolk.

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Ecoplast Q2 net profit down 14.29% at Rs 0.54 cr

The company reported standalone net profit of Rs 0.54 crore for the quarter ended September 30, 2017 as compared to Rs 0.63 crore in the same period last year, registering a year-on-year decline of 14.29 per cent. Net revenue of the company declined by 5.22 per cent at Rs 23.43 crore in July-September quarter of this fiscal as against Rs 24.72 crore in the corresponding period last year.

Goldiam International Q2 net profit down 86.57% at Rs 0.74 cr

The company reported standalone net profit of Rs 0.74 crore for the quarter ended September 30, 2017 as compared to Rs 5.51 crore in the same period last year, registering a year-on-year decline of 86.57 per cent. Net revenue of the company declined substantially by 29.27 per cent at Rs 25.85 crore in July-September quarter of this fiscal as against Rs 36.55 crore in the corresponding period la

Shaily Engineering Q2 net profit jumps 58.60% at Rs 6.36 cr

The company reported standalone net profit of Rs 6.36 crore for the quarter ended September 30, 2017 as compared to Rs 4.01 crore in the same period last year, registering a year-on-year growth of 58.60 per cent. Net revenue of the company rose substantially by 23.50 per cent at Rs 78.82 crore in July-September quarter of this fiscal as against Rs 63.82 crore in the corresponding period last ye

Vadilal Enterprises Q2 net profit zooms 611.11%

The company reported standalone net profit of Rs 1.28 crore for the quarter ended September 30, 2017 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year growth of 611.11 per cent. Net revenue of the company declined marginally by 1.51 per cent at Rs 110.61 crore in July-September quarter of this fiscal as against Rs 112.31 crore in the corresponding period last

Synthiko Foils Q2 net profit jumps 83.33% at Rs 0.11 cr

The company reported standalone net profit of Rs 0.11 crore for the quarter ended September 30, 2017 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year growth of 83.33 per cent. Net revenue of the company rose substantially by 24.28 per cent at Rs 5.63 crore in July-September quarter of this fiscal as against Rs 4.53 crore in the corresponding period last year

Oriental Carbon Q2 net profit down 15.45% at Rs 12.42 cr

The company reported standalone net profit of Rs 12.42 crore for the quarter ended September 30, 2017 as compared to Rs 14.69 crore in the same period last year, registering a year-on-year decline of 15.45 per cent. Net revenue of the company rose moderately by 8.59 per cent at Rs 74.72 crore in July-September quarter of this fiscal as against Rs 68.81 crore in the corresponding period last yea

Transformers & Rectifier Q2 net profit down 70.73% at Rs 2.81 cr

The company reported standalone net profit of Rs 2.81 crore for the quarter ended September 30, 2017 as compared to Rs 9.60 crore in the same period last year, registering a year-on-year decline of 70.73 per cent. Net revenue of the company declined substantially by 36.70 per cent at Rs 165.80 crore in July-September quarter of this fiscal as against Rs 261.93 crore in the corresponding period

Divya Jyoti Industries Q2 net profit down 61.11%

The company reported standalone net profit of Rs 0.07 crore for the quarter ended September 30, 2017 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year decline of 61.11 per cent. Net revenue of the company declined substantially by 50.22 per cent at Rs 14.50 crore in July-September quarter of this fiscal as against Rs 29.13 crore in the corresponding period la

PSP Projects Q2 net profit jumps 97.20% at Rs 12.66 cr

The company reported standalone net profit of Rs 12.66 crore for the quarter ended September 30, 2017 as compared to Rs 6.42 crore in the same period last year, registering a year-on-year growth of 97.20 per cent. Net revenue of the company rose substantially by 79.74 per cent at Rs 139.55 crore in July-September quarter of this fiscal as against Rs 77.64 crore in the corresponding period last

Indosolar posts Q2 net loss of Rs 45.17 cr

The company reported standalone net loss during the quarter stood at Rs 45.17 crore as compared to net loss of Rs 31.61 crore in the previous year quarter. Net revenue of the company declined moderately by 6.27 per cent at Rs 100.62 crore in July-September quarter of this fiscal as against Rs 107.35 crore in the corresponding period last year.

During July-September quarter, operating

Arihant Capital Q2 net profit jumps 65.13% at Rs 6.44 cr

The company reported standalone net profit of Rs 6.44 crore for the quarter ended September 30, 2017 as compared to Rs 3.90 crore in the same period last year, registering a year-on-year growth of 65.13 per cent. Net revenue of the company rose triple digit by 140.02 per cent at Rs 28.25 crore in July-September quarter of this fiscal as against Rs 11.77 crore in the corresponding period last ye

ICEX launches 50-cents diamond futures contract

MUMBAI  - The Indian Commodity Exchange (ICEX) on Monday launched 50-cents diamond futures contracts, the exchange said in a statement.

The 50 cents contracts for expiry in February, March and April 2018 are expected to attract more industry players as half carat diamonds are used in jewellery, the exchange said.

In August, ICEX had launched world's

L&T Construction bags order worth Rs 3752 cr

L&T has said that its construction arm has won orders worth Rs 3572 crore across various business segments. Transportation Infrastructure Business has been awarded a prestigious contract worth Rs 1358 crore for the construction of a new South Parallel runway, apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities)