Shantai Industries Q2 net profit down 28.57% 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 0.14 crore in the same period last year, registering a year-on-year decline of 28.57 per cent. Net revenue of the company declined moderately by 18.72 per cent at Rs 14.76 crore in July-September quarter of this fiscal as against Rs 18.16 crore in the corresponding period last

Market Creators Q2 net profit down 90.48% at Rs 0.02 cr

The company reported standalone net profit of Rs 0.02 crore for the quarter ended September 30, 2017 as compared to Rs 0.21 crore in the same period last year, registering a year-on-year decline of 90.48 per cent. Net revenue of the company rose moderately by 10.96 per cent at Rs 1.62 crore in July-September quarter of this fiscal as against Rs 1.46 crore in the corresponding period last year.<

Prestige Estates Q2 net profit down 28.44% at Rs 50.90 cr

The company reported standalone net profit of Rs 50.90 crore for the quarter ended September 30, 2017 as compared to Rs 71.13 crore in the same period last year, registering a year-on-year decline of 28.44 per cent. Net revenue of the company rose substantially by 25.72 per cent at Rs 599.60 crore in July-September quarter of this fiscal as against Rs 476.94 crore in the corresponding period la

City Union Bank Q2 net profit up 16.99% at Rs 144.76 cr

The bank reported standalone net profit of Rs 144.76 crore for the quarter ended September 30, 2017 as compared to Rs 123.74 crore in the same period last year, registering a year-on-year growth of 16.99 per cent. Interest income of the bank rose by 6.35 per cent at Rs 840.88 crore for the quarter ended September 30, 2017 as against Rs 790.67 crore in the corresponding period last year. During

Arvind Q2 net profit down 37.40% at Rs 42.11 cr

The company reported standalone net profit of Rs 42.11 crore for the quarter ended September 30, 2017 as compared to Rs 67.27 crore in the same period last year, registering a year-on-year decline of 37.40 per cent. Net revenue of the company rose marginally by 1.01 per cent at Rs 1,493.11 crore in July-September quarter of this fiscal as against Rs 1,478.13 crore in the corresponding period la

Coal India to legally examine show cause notices served to subsidiary

 Coal India is going to "legally" examine the show cause notices issued by the Odisha government to its subsidiary - Mahanadi Coalfields Ltd - carrying penalty of Rs 20,169 crore for violating mining plans, environmental norms and other regulations, a top company official said on Wednesday.

"We have to get it examined legally and we have to see what are the legal p

Tata Elxsi, Blackberry to help firms develop secure solutions

 Global technology and design services provider Tata Elxsi on Wednesday announced it was collaborating with BlackBerry to help companies develop secure solutions for automotive, industrial and medical industries and network communication using BlackBerry "QNX" technologies.

Tata Elxsi will provide integration and customisation services for embedded software solutions fr

JSW Energy bags order from Power Company of Karnataka Ltd

JSW Energy said that it has received order from Power Company of Karnataka Ltd (PCKL) for supply of 200 MW power. “The company has successfully secured an order from Power Company of Karnataka (PCKL) for supply of 200 MW power on short term basis for the period from November 8, 2017 to May 31, 2018.” It said in a filing to the Bombay Stock Exchange.

The company's Q2FY1

Adani Power signs PPA with Bangladesh Power Development

Adani Power said that it has signed power purchase agreement with Bangladesh Power Development board. The company's wholly owned subsidiary Adani Power (Jharkhand) has signed a long term power purchase agreement (PPA) for net capacity of 1496 MW with Bangladesh Power Development board for 25 years, it said in a filing to the Bombay Stock Exchange.

The power supply under the PPA wi

PayPal launches India operations

 Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a decade, the company said.

In a statement issued here PayPal Holdings, Inc, said: "At launch, Indian consumers can use PayPal to shop online at some of India's most popular businesses.

"Merchants offering PayP

SAIL to focus on value products to suit market needs: Chairman

SAIL plans to come up with a range of quality products in the market and wants to focus on value addition along with volume growth, its chairman P K Singh said as per the PTI report. Citing stiff competition in the market, Singh said value addition to products and processes along with tailoring the quality as per market needs will prove to be a game changer for SAIL.

The PSU steel gia

Cyient recognized at CII Industrial Innovation Awards 2017

Cyient, a global provider of engineering, manufacturing, geospatial, and network and operations management services to global industry leaders, has said that it has been recognized by the CII Industrial Innovation Awards 2017 as one of the ‘Top 26 Innovative Organizations’ in India. Instituted by CII in 2014, the CII Industrial Innovation Awards recognize and celebrate innovative In

Infosys and Adecco redefine future of staffing

Infosys and the Adecco Group, a leading global HR Solutions provider, are transforming the staffing industry by bringing together the power of data, domain, technology and speed to create a brand new business in the world of staffing, the Bangalore-based company said in a press release. “This is fundamental for introducing new innovations that help the Adecco Group unlock the opportunitie

ABB to expand its traction transformer business: Reports

Swiss engineering group ABB has said that it will expand its traction transformer business in India to drive competitiveness. India's expansion is aligned with growth in railways and metro network, the company said in a statement. As per reports, ABB has announced a strategic realignment of its global transformer manufacturing, engineering and service footprint to enhance competitiveness in

Hero MotoCorp unveils Xpulse Concept motorcycle in Milan

Hero MotoCorp Ltd., the motorcycle leader has said that it has unveiled the Xpulse Concept motorcycle as a world premier at the EICMA in Milan, Italy. An Adventure Concept bike, the Xpulse Concept provides a glimpse into Hero’s plans to expand further into higher engine capacity segments. The Company’s motorsport division, the Hero MotoSports Team Rally, also presented its plan for

Qatar Foundation sells its 5% stake in Bharti Airtel for $1.48 bn

Qatar Foundation Endowment (QFE) on Wednesday announced the block sale, through its Asia-Pacific regional holding company Three Pillars Pte Ltd (TPPL), of the entire 5 per cent stake it holds in Bharti Airtel.

According to industry sources, the value of the sale was around $1.48 billion (Rs 10,120 crore).

The trade was priced at Rs 481 per share, a discount of around three p

Glaxo Smithkline Healthcare net up 4.3% in Q2

GlaxoSmithkline Consumer Healthcare Ltd on Tuesday reported a Rs 192-crore net profit for the second quarter (Q2) of fiscal 2017-18, registering a marginal 4.3 per cent annual growth from Rs 184 crore in the same period last year.

Sequentially, however, the net profit for Q2 is 46 per cent up from Rs 132 crore posted in the last quarter.

In a regulatory filing on the BSE, th

Short-covering, Asian markets buoy domestic indices

Short-covering, along with positive Asian markets and healthy buying in pharma stocks led the key domestic equity indices to trade on a flat-to-positive note during the noon session on Wednesday.

According to market observers, healthy buying support was witnessed for the banking, IT and capital goods counters, whereas heavy selling was seen in consumer durables, metals and oil and gas

Indian Overseas Bank Q2 net loss at Rs.1,222 cr, total income goes down

 Public sector Indian Overseas Bank (IOB) on Tuesday said it closed the second quarter of the current fiscal with a higher net loss of Rs 1,222.50 crore, up from Rs.765.13 crore posted during the corresponding quarter of the previous year.

In a regulatory filing in the BSE, the bank also said its total income stood at Rs 5,610.35 crore for the quarter ended September 30, 2017 dow

Axis Bank to consider fundraising plan on Nov 10

MUMBAI  - India's Axis Bank will hold a board meeting on Friday to consider raising funds through a sale of shares or equity-linked securities, it said on Tuesday.

Any fundraising approved by its board would be put to shareholders for a vote, India's seventh-biggest lender by assets said in a stock exchange filing.

It did not provide further det

IndiGo takes responsibility for assault on passenger as India probes incident

NEW DELHI - IndiGo said on Wednesday it takes responsibility for an incident in which its security staff manhandled a passenger at New Delhi airport, a day after the event prompted the government to launch an investigation into India's biggest airline.

In a video, widely shared on social media and televised on local news channels, at least two IndiGo staff members

GoAir adds 15 flights in winter schedule

Budget carrier GoAir on Tuesday said that it has added 15 flights to its network during the current winter schedule.

According to the airline, starting October 29, 2017, GoAir operated its first daily flight between Jammu and Leh and also increased frequencies between Mumbai and Patna and Delhi to Chandigarh amongst other sectors. 

"This is in sync keeping in mind

HCL preparing tender for MDO to developing Singhbhum mines

Hindustan Copper Ltd (HCL), which is looking to quadruple copper ore production, is preparing tenders to appoint mining development operator to reopen Rakha mine and develop the new Chapri-Sideshwar mine at the Singhbhum copper belt in eastern India, a top company official said on Tuesday.

"We are in the process of preparing tenders to appoint a mining development operator for Ra

Dhampur Sugar Q2 net profit jumps 52.68% at Rs 62.75 cr

The company reported standalone net profit of Rs 62.75 crore for the quarter ended September 30, 2017 as compared to Rs 41.10 crore in the same period last year, registering a year-on-year growth of 52.68 per cent. Net revenue of the company rose substantially by 20.70 per cent at Rs 786.36 crore in July-September quarter of this fiscal as against Rs 651.48 crore in the corresponding period las

Ad-Manum Finance Q2 net profit up 21.21% at Rs 0.40 cr

The company reported standalone net profit of Rs 0.40 crore for the quarter ended September 30, 2017 as compared to Rs 0.33 crore in the same period last year, registering a year-on-year growth of 21.21 per cent. Net revenue of the company rose moderately by 16.06 per cent at Rs 3.83 crore in July-September quarter of this fiscal as against Rs 3.30 crore in the corresponding period last year.