Mumbai | May 23, 2013 18:09 (IST)
Hit by a decline in sales, higher depreciation and interest outgo, JSW Steel reported on Thursday a sharp 61.56 per cent decline in consolidated net profit to Rs 295.91 crore for the fourth quarter ended March, 2013.
Mumbai | May 23, 2013 17:28 (IST)
Reserve Bank of India governor Duvvuri Subbarao went against the suggestion of a majority of external members of the apex bank's monetary policy committee that recommended no change in repo rate at the annual monetary policy statement for 2013-14 on May 3.
May 23, 2013 16:48 (IST)
The bank's total restructured book now stands at Rs 43,100, Soundara Kumar, deputy managing director, told Reuters by telephone from Kolkata.
New Delhi | May 23, 2013 16:48 (IST)
India's current account deficit is expected to show some improvement in the January-March period at 4-4.5 per cent of its gross domestic product (GDP), but is likely to worsen again in the current quarter due to sluggish exports, high gold demand and seasonal rise in imports, Nomura has said.
Kolkata | May 23, 2013 16:47 (IST)
State Bank Of India chairman Pratip Chaudhuri said on Thursday that the bank continues to face challenges in the mid and small-sized companies segment.
Mumbai | May 23, 2013 16:30 (IST)
Indian gold futures jumped more than 1 per cent on Thursday aided by a weaker rupee and firm global trends, while premiums on physical gold eased due to some supply from bullion importing agencies.
May 23, 2013 15:54 (IST)
Finance Minister P. Chidambaram said fears the Federal Reserve would start reversing its U.S. monetary stimulus programme were unfounded but his remarks failed to prevent steep falls in domestic markets on Thursday.
New Delhi | May 23, 2013 15:02 (IST)
This is a landmark transaction for Vedanta, and it believes this represents one of the largest corporate high yield bond issuances out of Asia ex-Japan, the natural resources giant said adding that it is the fourth successful bond transaction.
May 23, 2013 14:40 (IST)
Wockhardt shares crashed 20 per cent on Thursday after the U.S. Food and Drug Administration issued an Import Alert for the drug maker's Aurangabad unit. Wockhardt has three plants in Aurangabad.
May 23, 2013 14:10 (IST)
The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year.
Mumbai | May 23, 2013 13:51 (IST)
The decision, taken on Wednesday, has not yet been formally intimated by the Finance Ministry, but the current tranche will enable the companies to report quarterly profits at their earnings next week, officials at the three companies, who declined to be named, said.
May 23, 2013 13:50 (IST)
The BSE Sensex plunged 375 points in afternoon trading on Thursday after State Bank of India reported disappointing results for the March quarter.
New Delhi | May 23, 2013 13:29 (IST)
Separate clarifications have been sought on the deal, which involves a 24 per cent stake purchase in Jet by Etihad and is the first investment by a foreign carrier in an Indian airline, by capital markets regulator Sebi (Securities and Exchange Board of India) and fair trade watchdog CCI (Competition Commission of India).
May 23, 2013 13:28 (IST)
State Bank of India shares plunged on Thursday after India's biggest lender posted lower than expected profits in the fourth quarter ending March.
May 23, 2013 13:06 (IST)
The BSE Sensex traded off the day's low after Finance Minister P Chidambaram said the Fed statement on the possible scaling back of the bond buying programme has been "misunderstood".
May 23, 2013 12:45 (IST)
The California-based law firm, Aiman-Smith & Marcy, said that iGate's head of investor relations Araceli Roiz was pregnant with Murthy's child.
May 23, 2013 12:38 (IST)
In a bid to calm stock markets, Finance Minister P Chidambaram on Thursday said the Fed statement on the possible scaling back of the bond buying programme has been "misunderstood".
May 23, 2013 12:26 (IST)
The recall by the largest US automaker affects certain 2013 Cadillac SRX models equipped with 18-inch wheels.
May 23, 2013 12:14 (IST)
Oracle, majority owned by Oracle Corp, attracted demand of nearly four times its share sale of 4.4 million shares, according to exchange data, surprising investors who had shorted the stock for arbitrage in anticipation of tepid demand.
May 23, 2013 11:58 (IST)
The company, however, said in the absence of a clear cut Indian government policy relating the auto industry such as fuel policy and import tariff, it is adopting a wait and watch strategy before deciding on setting up of a new diesel engine plant in the country or launching more hybrid cars.