Opposition parties on Tuesday demanded a roll-back of the central government's decision to increase the price of subsidised cooking gas by Rs 4 per cylinder every month.
Raising the issue during Zero Hour, Congress member K.C. Venugopal said the government is working on speedy elimination of subsidy on cooking gas which will affect the common people of the country.
Trent, the retail arm of the Tata group, on Monday reported a substantial 63.73 per cent year-on-year growth in standalone net profit at Rs 38.15 crore for the first quarter ended June 30, 2017. “The company had registered standalone net profit of Rs 23.30 crore in the April-June quarter of the previous fiscal, Trent said in a filing to the Bombay Stock Exchange.
Repco Home Finance (RHF) said that it is planning to raise Rs 180 crore by issuing secured, redeemable, non-convertible debentures (SRNCD) on private placement basis. “The Board of Directors of the Company on August 04, 2017, the Board, inter alia, will consider an issue of Secured, Redeemable, Non-Convertible, Non-Cumulative Debentures (SRNCD) to eligible investors on private placement b
Zydus Cadila said that it has received the final approval from the United States Food & Drug Administration (USFDA) to market Temozolomide Capsules in strengths of 5 mg, 20 mg, 100 mg, 140 mg, 180 mg, and 250 mg. Temozolomide capsules is a chemotherapy drug used in the management of brain tumors, the company said in a filing to the Bombay Stock Exchange.
The group also received th
Ashok Leyland, the second largest commercial vehicle maker in India, has reported 14 per cent increase in total sales at 11,981 units in July on Tuesday. "Total sales in July grew by 14 percent to 11,981 units compared with 10,492 units sold in same month last year," the company said in a filing to the Bombay Stock Exchange.
Light commercial vehicle sales increased 28 per ce
By Sankalp Phartiyal and Nivedita Bhattacharjee
MUMBAI/BENGALURU - Japan's SoftBank is still keen to take a stake in Indian e-commerce firm Flipkart and is in talks to invest up to $2 billion in the company through its Vision Fund, a source familiar with the matter said on Tuesday.
Softbank had hoped to secure a sizeable stake in Flipkart by engineering
Automobile major Maruti Suzuki India on Tuesday reported a rise of 20.6 per cent in its monthly sales for July 2017.
According to the company, its total sales during the month rose to 165,346 units from 137,116 units sold during the corresponding month of 2016.
Maruti's domestic sales edged higher by 22.4 per cent to 154,001 units from 125,778 units.
Leading engineering firm, Vascon Engineers Ltd has said that it has received Letter of award from Transcon Sheth Creators Private Limited, a domestic Entity for the work of civil construction, finishing, electrical and firefighting work of Residential Building no 3 and 4 (Ground plus 23 Floors) in Malad (W) amounting to Rs. 80.41 crores.
“The work has to be completed within 24 m
Cyient, a global provider of engineering, manufacturing and operations management services has said that it has been conferred with the 'Leaders in Corporate Innovation' award at the 13th Indo-American Corporate Excellence (IACE) Awards ceremony conducted by the Indo-American Chamber of Commerce (IACC) in Mumbai.
“The 'Leaders in Corporate Innovation' award recog
MUMBAI - The Reserve Bank of India re-allocated the portfolios handled by deputy governor S.S. Mundra after his retirement on Monday, assigning banking supervision to N.S. Vishwanathan, who already oversees regulation for lenders.
Vishwanathan will also be in charge of the department of non-banking, covering areas outside of core lending. The rejigged portfolios could
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization has said that it has been recognized as a prominent ‘Technology Partner’ at the prestigious 2017 Manufacturing Leadership 100 Awards for the fourth time in the past five years.
“TCS was praised for its key role as IT Services partner for customers, Boeing, Flowserv
Indian shares on Tuesday closed at their highest ever level for a second session in a row as automakers such as Eicher Motors Ltd advanced on upbeat monthly sales a day before a key central bank policy meeting.
The broader NSE Nifty ended up 0.37 percent at 10,114.65, while the benchmark BSE Sensex closed 0.19 percent higher at 32,575.17.
The gains come a day before the Rese
Automobile major Tata Motors' whole-time directors and key managerial personnels saw a downward revision in their remuneration during last fiscal, the company's annual report said.
According to the Annunal Report for 2016-17, remuneration of its Executive Director Ravi Pisharody, who has recently quit the company had decreased by 17 per cent to Rs 2.3 crore in 2016-17.
Toyota Kirloskar Motor on Monday reported a rise of 43 per cent in its domestic sales for July.
According to the company, it sold a total of 17,750 units in the domestic market in July.
"We are thankful to the government for the biggest indirect tax reform of the nation, which has helped us maintain the double digit growth this month," said N. Raja, Direc
The estimated tea production in India for June has decreased by 2.81 per cent to 143.02 million kg as compared to 147.15 million kg in the corresponding month last year, according to data provided by Tea Board India.
Darjeeling tea production was the worst hit in June due to ongoing indefinite strike as crop production fell by 89.47 per cent to 0.14 million kg as compared t
Leading e-tailer Snapdeal on Monday said it was terminating strategic discussions to sell its stake, ostensibly to rival Flipkart, as it had decided to pursue an independent path.
"As we have been exploring strategic options over the months, we have decided to pursue an independent path and terminate all strategic discussions, said a Snapdeal spokesperson in a statement, wit
NEW DELHI - InterGlobe Aviation, owner of India's IndiGo airlines, reported a record quarterly profit on Monday powered by growth in passenger revenue but warned that delays in deliveries of Airbus's new A320neo aircraft were affecting margins.
IndiGo is among several carriers facing delays in receiving planes from Airbus due to problems with new engines