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Thu, 04/19/2018 - 01:51

Tata Sponge Iron reported a more than two-fold rise in its standalone net profit to Rs 46.70 crore for the fourth quarter ended March 31, 2018.

Thu, 04/19/2018 - 01:49

Commercial vehicle manufacturer Ashok Leyland is expecting revenue of around Rs 5,000 crore from its order book from the defence sector. The company will also launch over 20 new models of commercial vehicles this year. 

Thu, 04/19/2018 - 01:47

Debt-ridden Amtek Auto on Wednesday said it has signed a share purchase agreement with Nippon Steel and Sumitomo Metal Corporation to sell its stake in its joint venture (JV) company SMI Amtek Crankshaft.

Thu, 04/19/2018 - 01:44

Mid-sized software services firm Mindtree on Wednesday reported more than 87 per cent growth in net profit at Rs 182.2 crore for the quarter ended on March 31, 2018.

It had posted a net profit of Rs 97.2 crore in the year-ago period, the firm said in a statement.

Thu, 04/19/2018 - 01:35

The market snapped its nine-day winning spree as stocks closed lower on a day of high volatility. The Sensex fell 63.38 points, or 0.18 per cent to settle at 34,331.68 and the Nifty 50 shed 22.50 points, or 0.21 per cent to settle at 10,526.20. The BSE Mid-Cap and Small-Cap indices ended lower.

Thu, 04/19/2018 - 01:34

India has become the largest silver coin manufacturer in Asia, overtaking China. The share in silver coin manufacturing in the region moved up to 56 per cent in 2017 from 43 per cent in 2016.

Thu, 04/19/2018 - 01:29

The Reserve Bank of India (RBI) on Wednesday stoutly defended its revised framework on bad loans under which even a one-day default could lead to the account being classified as non-performing asset (NPA).

Thu, 04/19/2018 - 01:27

While the government, economists and bankers have come up with several theories explaining reasons for empty-ATMs in some states, a latest hypothesis attributes it to lower bank deposit growth this year leading to unavailability of sufficient cash with lenders.

Thu, 04/19/2018 - 01:27

Akshaya Tritiya sales were just 5 to 10 per cent up this time as higher gold prices forced buyers to tighten their purse strings. “The sales have not been very great.

Thu, 04/19/2018 - 01:26

Salaried people are likely to face the music for dodging taxes. The failure to comply with the income-tax laws and provisions could land them in trouble, said the I-T department.

Thu, 04/19/2018 - 01:23

Harried fund houses, which have a huge exposure to ICICI Bank, have met non-executive chairman MK Sharma after a litany of allegations surfaced against Chanda Kochhar and have discussed all the issues, including succession planning, according to a source.

Thu, 04/19/2018 - 01:20

Swinging into action for controlling the damage caused by cashless ATMs, the finance ministry asked the banks to fill up over 80 per cent of ATMs across the country latest by Thursday.

Wed, 04/18/2018 - 02:23

Non-banking financial company, Muthoot Capital Services, said its net profit increased to Rs 21.5 crore in the quarter ended March 2018 from Rs 11.1 crore in the year-ago period.

Wed, 04/18/2018 - 02:20

Aided by a bull run in the equity market and heavy inflows in equity mutual funds, India’s largest mutual fund, HDFC Asset Management Company, posted 31 per cent growth in net profit for financial year 2017-18.

Wed, 04/18/2018 - 02:15

The market opened higher as sentiment was boosted after the IMD predicted a normal monsoon this year. After an initial volatility, the key benchmark indices drifted higher and hit fresh intraday high and held firm in late trade.

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