Regulatory requirement on private jet`s international operations eased

Civil aviation regulator on Thursday said that "certified" private jet operators will not require its approval to undertake international operations.

The development comes after the Directorate General of Civil Aviation (DGCA) revised
earlier regulations. The revised regulations shall come into effect from December 15, 2017.

"Indian aircraft operators a

Jet Airways Group`s Q2 net profit at Rs 71 cr

The Jet Airways Group on Thursday reported a net profit of Rs 71 crore for the second quarter (Q2) of 2017-18, backed by growth in capacity, revenues as well as accompanying reduction in non-fuel costs.

According to the Jet Airways Group, its net debt reduced by Rs 194 crore during the same quarter.

"The weak demand in the Gulf continues, whilst low fares as well as yie

Emami to acquire strategic stake in Helios Lifestyle

 FMCG major Emami Ltd on Thursday said it will make a strategic investment in Helios Lifestyle Pvt Ltd, owner of the male grooming brand 'The Man Company', with an acquisition of 30 per cent equity stake for an undisclosed consideration.

The acquisition of stake by the company is significant as it marks the its entry in the fast-growing online male grooming segment.

Union Bank of India seeks at least $155 million in share sale: sources

MUMBAI  - State-run Union Bank of India launched a share sale to institutions on Thursday to raise at least 10 billion rupees ($155 million), sources with direct knowledge of the matter told Reuters.

If demand is strong, the deal can be increased by up to another 10 billion rupees, with the proceeds aimed at helping the bank to boost its capital ratio, said the s

Equity indices trade higher; metals, auto stocks top gainers

Extending gains for the second consecutive session, key Indian equity indices on Friday traded on a higher note as positive cues from the Asian markets and value buying in metals, auto and banking stocks gave a boost to investors' sentiments.

Top gainers on the BSE market breadth were Tata Steel, Maruti Suzuki, HDFC Bank, Bharti Airtel and SunPharma.

At 1 p.m., the wider

Siemens to manaufacture solar PV inverters in India

German manufacturing conglomerate Siemens' Indian arm on Thursday announced plans to start making solar photovoltaic (PV) inverters in the country that will initially serve the domestic market.

The company said in a release that the Sinacon PV inverter will be manufactured at its Kalwa plant near Mumbai. 

"Siemens India launched with Sinacon PV a new generation

Toyota Kirloskar Motor likely to hike prices from January

 Automobile manufacturer Toyota Kirloskar Motor on Thursday said that it will likely hike prices across its models by up to three per cent from January 2018.

According to the company, it considered the price rise after reviewing input and freight costs periodically, which is also a general industry phenomenon.

"There has been an increase in the cost of manufacturin

Astron Paper and Board Mill Limited`s IPO opens on December 15

MUMBAI, December 07, 2017: Astron Paper and Board Mill Limited (“Company”) which is engaged in manufacturing of kraft paper, is launching its initial public offering (“IPO” or the “Issue”). The Issue opens on December 15, 2017 and closes on December 20, 2017, with a price band of Rs. 45/- to Rs. 50/- per Equity Share of face v

Ginni Filaments posts Q2 net loss of Rs 1.89 cr

The company reported standalone net loss during the quarter stood at Rs 1.89 crore compared to net profit of Rs 5.05 crore in the previous year quarter.  Net revenue of the company declined moderately by 6.67 per cent at Rs 170.16 crore in July-September quarter of this fiscal as against Rs 182.32 crore in the corresponding period last year.

During July-September quarter, operati

Xchanging Solutions posts Q2 net profit of Rs 1.05 cr

The company reported standalone net profit during the quarter stood at Rs 1.05 crore compared to net loss of Rs 1.99 crore in the previous year quarter. Net revenue of the company declined substantially by 30.68 per cent at Rs 12.61 crore in July-September quarter of this fiscal as against Rs 18.19 crore in the corresponding period last year.

During July-September quarter, operating e

Haldyn Glass Q2 net profit down 30.03% at Rs 2.05 cr

The company reported standalone net profit of Rs 2.05 crore for the quarter ended September 30, 2017 as compared to Rs 2.93 crore in the same period last year, registering a year-on-year decline of 30.03 per cent. Net revenue of the company declined moderately by 14.62 per cent at Rs 39.60 crore in July-September quarter of this fiscal as against Rs 46.38 crore in the corresponding period last

Charges framed against 11 ex-MPs in cash-for-query scam

Paving the way for a trial, a court here on Thursday framed charges against 11 former MPs in connection with the 2005 cash-for-query case.

Delhi Police has chargesheeted the 11 -- Chhatarpal Singh Lodha (BJP), Anna Saheb M.K. Patil (BJP), Pradeep Gandhi (BJP), Suresh Chandel (BJP), Chandra Pratap Singh (BJP), Ram Sewak Singh (Congress), Manoj Kumar (RJD), Narender Kumar Kushwaha

Anuh Pharma Q2 net profit up 1.85% at Rs 4.96 cr

The company reported standalone net profit of Rs 4.96 crore for the quarter ended September 30, 2017 as compared to Rs 4.87 crore in the same period last year, registering a year-on-year growth of 1.85 per cent. Net revenue of the company rose moderately by 10.47 per cent at Rs 55.31 crore in July-September quarter of this fiscal as against Rs 50.07 crore in the corresponding period last year.

ArcelorMittal`s $1 billion India joint venture to get green light next week - sources

NEW DELHI  - State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters.

The decision to approve the deal was reached after talks between ArcelorMittal's billionaire Chairman Lakshmi Mittal, India

November online recruitment activity registers 24% y-o-y growth

Online recruitment activities in the month of November registered a year-on-year (y-o-y) growth rate of 24 per cent with the home appliances sector in the lead with 72 per cent growth, a report said here on Thursday.

According to the Monster Employment Index, online hiring in banking/financial services, insurance increased to 56 per cent in November 2017 from 34 per cent in Octob

Nifty rises most in over six months; banks gain

India's NSE index rose the most in more than six months on Thursday, recovering from recent losses, as lenders such as State Bank of India gained on expectation that the government would soon reveal details of a recapitalisation plan.

The Nifty closed up 1.22 percent at 10,166.70, in its biggest single-day gain since May 25.

The benchmark BSE Sensex ended 1.08 percent hi

Asian Hotels (West) posts Q2 net loss of Rs 0.21 cr

The company reported standalone net loss during the quarter stood at Rs 0.21 crore as compared to net loss of Rs 3.17 crore in the previous year quarter. Net revenue of the company rose marginally by 4.34 per cent at Rs 31.49 crore in July-September quarter of this fiscal as against Rs 30.18 crore in the corresponding period last year.

During July-September quarter, operating expenses

Cineline India Q2 net profit down 4.03% at Rs 2.62 cr

The company reported standalone net profit of Rs 2.62 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 4.03 per cent. Net revenue of the company declined moderately by 8.18 per cent at Rs 5.84 crore in July-September quarter of this fiscal as against Rs 6.36 crore in the corresponding period last year

Precision Wires Q2 net profit jumps 41.85% at Rs 7.66 cr

The company reported standalone net profit of Rs 7.66 crore for the quarter ended September 30, 2017 as compared to Rs 5.40 crore in the same period last year, registering a year-on-year growth of 41.85 per cent.

Net revenue of the company rose substantially by 45.77 per cent at Rs 306.78 crore in July-September quarter of this fiscal as against Rs 210.45 crore in the corresponding pe

Hotel Leela Venture posts Q2 net loss of Rs 24.44 cr

The company reported standalone net loss during the quarter stood at Rs 24.44 crore as compared to net loss of Rs 45.73 crore in the previous year quarter. Net revenue of the company rose marginally by 1.27 per cent at Rs 158.39 crore in July-September quarter of this fiscal as against Rs 156.41 crore in the corresponding period last year.

During July-September quarter, operating expe

Hackers to exploit AI technology for data breaches in 2018: Symantec

Cyber-criminals will use Artificial Intelligence (AI) and Machine Learning (ML) to explore victims' networks in 2018, global cyber security leader Symantec said on Thursday.

Furthermore, the Internet of Things (IoT) devices will be hijacked and used in Distributed Denial of Service (DDoS) attacks, warned Tarun Kaura, Director, Product Management, APJ, Symantec.

Almondz Global Securities Q2 net profit jumps 100%

The company reported standalone net profit of Rs 0.12 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 100.00 per cent. Net revenue of the company declined marginally by 3.39 per cent at Rs 6.55 crore in July-September quarter of this fiscal as against Rs 6.78 crore in the corresponding period last yea

Arshiya posts Q2 net loss of Rs 22.45 cr

The company reported standalone net loss during the quarter stood at Rs 22.45 crore as compared to net loss of Rs 24.89 crore in the previous year quarter. Net revenue of the company rose substantially by 25.80 per cent at Rs 24.04 crore in July-September quarter of this fiscal as against Rs 19.11 crore in the corresponding period last year.

During July-September quarter, operating ex

SPEL Semiconductor posts Q2 net profit of Rs 0.69 cr

The company reported standalone net profit during the quarter stood at Rs 0.69 crore compared to net loss of Rs 2.31 crore in the previous year quarter. Net revenue of the company rose substantially by 25.74 per cent at Rs 11.43 crore in July-September quarter of this fiscal as against Rs 9.09 crore in the corresponding period last year.

During July-September quarter, operating expens

Kridhan Infra Q2 net profit down 90.63% at Rs 0.03 cr

The company reported standalone net profit of Rs 0.03 crore for the quarter ended September 30, 2017 as compared to Rs 0.32 crore in the same period last year, registering a year-on-year decline of 90.63 per cent. Net revenue of the company declined substantially by 39.30 per cent at Rs 19.85 crore in July-September quarter of this fiscal as against Rs 32.70 crore in the corresponding period la