DLF becomes LEED certified provider of green commercial space

DLF's 31 office buildings across major cities and a shopping mall at Noida, comprising a total of 28.5 million sq ft area, have 'LEED' certification, becoming a leading provider of green commercial space, reported PTI. LEED (Leadership in Energy and Environmental Design) is the world's most widely used and recognised green building rating system.

DLF, in a statement, s

Sun Pharma voluntarily recalls two lots of Riomet

Sun Pharmaceutical Industries Ltd. has said that it is voluntarily recalling two lots of Riomet® (Metformin Hydrochloride Oral Solution), 500 mg/5mL, to the retail level (Class II Recall). This product is manufactured for SPII by a contract manufacturer. The Riomet® (Metformin Hydrochloride Oral Solution) has been found to be contaminated (Scopulariopsis brevicaulis).

The cont

Key Indian equity indices trade lower during afternoon session

The key Indian equity indices on Monday was trading lower in the afternoon session on Monday.

The 30-scrip Sensitive Index (Sensex), was trading 131.97 points or 0.39 per cent lower, while the wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 43.10 points or 0.41 per cent lower at 10,346.60 points.

The Sensex of the BSE, which opened at 33,640.51 points,

Data, derivatives and direction of funds to steer equities

 GDP data for the second quarter of the 2017-18 fiscal, along with expiry of derivatives and the movement of foreign funds, are expected to be the main indicators to give direction to the key Indian equity indices in the upcoming week.

Apart from global cues, over the coming weeks, markets will seek direction from future events like the Reserve Bank of India policy meet duri

ATMA-Rubber Board working to improve natural rubber quality

 The Automotive Tyre Manufacturers Association (ATMA) is working with Rubber Board to improve the quality of natural rubber and those who are making poor quality sheet rubber would be identified, said a top official.

"ATMA is working with Rubber Board on improving quality of natural rubber. Indian tyre manufacturing is converging to the world in research and development

Equities rise on DII inflows, lingering effects of Moody`s upgrade

Pursuing the optimism on a sovereign ratings upgrade of the Indian government's bonds by US credit rating agency Moody's last week, the key Indian equity indices rode the bulls with a further thrust given by continued buying by domestic institutional investors.

Market observers were of the view that investors awaited the comments from another ratings agency Standard &

Jindal Steel could win a slice of rail tender: sources

NEW DELHI - A clause in India's global tender for steel rails, part of a $130 billion overhaul of its railways, could help Jindal Steel and Power Ltd win up to 20 percent of the work, sources said.

The world's fourth-largest rail system is undergoing a five-year overhaul to replace ageing tracks, improve efficiency and end a spate of deadly train accidents, in

Skyline Millars posts Q2 net loss of Rs 0.16 cr

The company reported standalone net loss during the quarter stood at Rs 0.16 crore compared to net profit of Rs 0.53 crore in the previous year quarter.  Net revenue of the company rose two fold by 245.45 per cent at Rs 1.14 crore in July-September quarter of this fiscal as against Rs 0.33 crore in the corresponding period last year.

During July-September quarter, operating expen

Excel Industries Q2 net profit jumps 60.26% at Rs 11.01 cr

The company reported standalone net profit of Rs 11.01 crore for the quarter ended September 30, 2017 as compared to Rs 6.87 crore in the same period last year, registering a year-on-year growth of 60.26 per cent. Net revenue of the company rose moderately by 6.02 per cent at Rs 130.02 crore in July-September quarter of this fiscal as against Rs 122.64 crore in the corresponding period last yea

Saksoft Q2 net profit zooms 200.00% at Rs 4.38 cr

The company reported standalone net profit of Rs 4.38 crore for the quarter ended September 30, 2017 as compared to Rs 1.46 crore in the same period last year, registering a year-on-year growth of 200.00 per cent. Net revenue of the company rose moderately by 6.83 per cent at Rs 13.92 crore in July-September quarter of this fiscal as against Rs 13.03 crore in the corresponding period last year.

Alexander Stamps Q2 net profit up 6.25% at Rs 0.17 cr

The company reported standalone net profit of Rs 0.17 crore for the quarter ended September 30, 2017 as compared to Rs 0.16 crore in the same period last year, registering a year-on-year growth of 6.25 per cent. Net revenue of the company declined substantially by 57.74 per cent at Rs 1.31 crore in July-September quarter of this fiscal as against Rs 3.10 crore in the corresponding period last y

Equities extend gains for 7th session aided by IT, durables stocks

Ending in the positive territory for the seventh consecutive session, key Indian equity indices on Friday extended gains on the back of broadly positive global markets and value buying in consumer durables, oil and gas as well as IT stocks.

According to market observers, hopes of a potential sovereign ratings upgrade by a US ratings agency due later in the evening kept investors'

Aircel denies reports it is partly shutting ops

MUMBAI - Telecom carrier Aircel on Friday denied local media reports that it was partly shutting down its operations, saying it was making efforts to build a profitable business.

"Media reports about Aircel as regard insolvency or shutting down operations in 14 circles is completely speculative & misleading," Aircel said in a statement.

Earlier

Rajshree Sugars posts Q2 net loss of Rs 2.58 cr

The company reported standalone net loss during the quarter stood at Rs 2.58 crore compared to net profit of Rs 6.51 crore in the previous year quarter.  Net revenue of the company declined substantially by 35.23 per cent at Rs 124.51 crore in July-September quarter of this fiscal as against Rs 192.22 crore in the corresponding period last year.

During July-September quarter, ope

Indian Hume Pipe wins order worth Rs 120 cr

Indian Hume Pipe Company, a leading manufacturer of hume steel pipes, on Friday said the company has bagged a work order of Rs 119.73 crores from Public Health & Municipal Engineering Department, Govt. of Andhra Pradesh.

“The company has secured work order of Rs 119.73 Crores from Public Health & Municipal Engineering Department, Govt. of Andhra Pradesh - Ongole Municipa

All India bank strike on December 27 for wage revision in IDBI Bank

The two major unions in the banking sector - All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) - on Friday announced sector wide strike on December 27 in support of wage revision in IDBI Bank.

In a joint statement issued here, the two unions said they have been taking up the matter repeatedly with IDBI Bank management and with the c

HDFC Life looks to raise exposure to infrastructure stocks

MUMBAI  - HDFC Standard Life Insurance Co. is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads.

Funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of road and housing projects, Pra

Sunil Healthcare Q2 net profit down 53.80% at Rs 0.79 cr

The company reported standalone net profit of Rs 0.79 crore for the quarter ended September 30, 2017 as compared to Rs 1.71 crore in the same period last year, registering a year-on-year decline of 53.80 per cent. Net revenue of the company declined by 5.58 per cent at Rs 22.85 crore in July-September quarter of this fiscal as against Rs 24.20 crore in the corresponding period last year.

Reliance Industries Limited`s arm closes sale of assets to BKV Chelsea

Reliance Industries Limited has said that its arm Reliance Marcellus II, LLC a subsidiary of Reliance Holding USA, Inc. has closed recently announced sale of its interest in certain upstream assets; which were operated by Carrizo Oil & Gas, Inc to BKV Chelsea LLC, an affiliate of Kalnin Ventures.

In a transaction announced on October 06, 2017, Reliance agreed to sell its entire wo

BEML pays Rs 18 cr dividend to government

 State-run Bharat Earth Movers Ltd (BEML) on Thursday said it has paid Rs 18 crore as 80 per cent dividend to the Union government for fiscal 2016-17.

"The 80 per cent dividend for the last fiscal is the highest in the last five years and as against 40 per cent paid for the fiscal 2015-16," the company said in a statement here.

BEML Chairman and Managing Direc

Reliance Energy lodges 11 power theft cases in Mumbai this month

Reliance Energy said on Thursday it has detected 11 cases pertaining to theft of power, illegal distribution and customers and damage to power network and instruments in the city this month so far.

While six cases were filed by Reliance Energy's Central Division Vigilance Team, four were lodged by the East Division and one by the South Division in the city, said a spokesperson.

IT, auto stocks lift key Indian equity indices higher

 Value buying in consumer durables, IT and auto stocks lifted the key Indian equity indices during the mid-afternoon session on Friday despite weak global cues.

According to market observers, index heavyweights like Infosys, Mahindra & Mahindra, Bajaj Auto and Power Grid (on BSE) added to the upward trajectory.

At 1 p.m., the wider Nifty50 of the National Stock Exch

SBI to launch YONO lifestyle-cum-banking app, portal

State Bank of India (SBI) will unveil the country's first integrated lifestyle and banking digital platform on Friday to be launched here by Finance Minister Arun Jaitley, according to a statement from the public sector bank.

YONO, the acronym for 'You Only Need One', will be the first digital banking platform to offer customised products and offers from over 60 e-com

Indian refiners processed record oil volume in October - government

NEW DELHI - Indian refiners processed a record 5.2 million barrels per day of oil in October as the world's third biggest oil consumer added extra capacity to meet the rising fuel demand, government data showed on Thursday.

The world's third biggest oil importer sees its diesel and gasoline consumption rising by about two-thirds by 2030, oil minister Dharmendr

IndiGo to add 8 extra flights from January 1

Budget carrier IndiGo on Thursday said it will operate eight additional flights across its network with effect from January 1, 2018.

The airline said it will operate new flights between Hyderabad-Jammu and Jaipur-Jammu amongst other routes. It will add new frequencies from Hyderabad to Varanasi and Jaipur.

"With increasing demand from regional sectors, we are pleased to