Mumbai | May 26, 2013 14:13 (IST)
Naresh Goyal-promoted Jet Airways is likely to raise Rs 253 crore through divesting its 5 per cent stake of the promoter to meet the Sebi norms of 25 per cent public float, which is likely to be done before May 30.
Mumbai | May 26, 2013 13:35 (IST)
England-based Chinese food chain YoYo Noodle plans to invest 25 million pounds (over Rs 210 crore) over the next five years to open as many as 200 outlets in India.
New Delhi | May 26, 2013 13:20 (IST)
Indian Oil Corporation (IOC) has turned down a proposal to buy back shares as part of the government's 10 per cent disinvestment plan saying that the company already has a huge debt, and no money to spare.
New Delhi | May 26, 2013 12:05 (IST)
After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of $132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10.
New Delhi | May 26, 2013 11:36 (IST)
As many as 16 Indian companies have made it to the list of top 100 software vendors in the emerging markets, commanding a combined revenue of $797 million, according to a PwC report.
New Delhi | May 25, 2013 18:01 (IST)
Japanese car giant Nissan will recall 22,188 units of the Micra and the Sunny in India due to faulty braking system, as part of a global exercise to rectify the problem.
Beijing | May 25, 2013 15:27 (IST)
The China Southern Airlines will receive 8 Dreamliners, becoming the first airline in the country to use the Boeing 787 plane after the local aviation regulator gave its approval for the aircraft.
New Delhi | May 25, 2013 13:09 (IST)
Dalmia Group firm GHCL reported on Friday a marginal rise in its standalone net profit by 7 per cent to Rs 52.72 crore for the quarter ended March 31, 2013.
New Delhi | May 25, 2013 12:55 (IST)
JB Chemicals & Pharmaceuticals Ltd said on Friday that its net profit surged over two-fold to Rs 19.75 crore for the fourth quarter ended March 31, 2013.
New Delhi | May 25, 2013 12:30 (IST)
Sanitary-ware and bathroom equipment maker HSIL Ltd reported on Friday a 46.99 per cent rise in its net profit at Rs 48.11 crore for the fourth quarter ended March 31, 2013.
New Delhi | May 25, 2013 12:28 (IST)
Confectionery major Britannia Industries posted on Friday a 65.66 per cent rise in its net profit at Rs 87.85 crore for the fourth quarter ended March 31.
New Delhi | May 25, 2013 12:28 (IST)
Credit ratings agency Icra reported on Friday a 5 per cent increase in its consolidated net profit at Rs 25.50 crore for the fourth quarter ended March 31.
Mumbai | May 24, 2013 22:03 (IST)
Avantha Group company Crompton Greaves (CG) reported on Friday a dip of about 75 per cent in its consolidated net profit at Rs 25.27 crore for the fourth quarter ended March 31.
New Delhi | May 24, 2013 22:03 (IST)
The Cellular Operators Association of India (COAI) has approached the Department of Telecommunications (DoT) asking it to withdraw spectrum allocated to Tata Teleservices Ltd (TTSL) in 8 service areas and put them up for auction.
Monaco | May 24, 2013 20:50 (IST)
Asia's largest budget carrier, AirAsia, may order an additional 50 Airbus A320 jets on top of its existing record order for 475 of the Airbus model, chief executive Tony Fernandes said on Friday.
Mumbai | May 24, 2013 20:50 (IST)
Low-cost airline SpiceJet said on Friday that its net loss has narrowed to Rs 186 crore for the fourth quarter that ended on March 31, 2013, on the back of higher passenger traffic and fare hikes.
Mumbai | May 24, 2013 20:29 (IST)
Indias largest lender State Bank of India (SBI) has that it has signed an agreement with Spain-based bank Banco Bilbao Vizcaya Argentaria, SA (BBVA), to support business operations of clients of both the banks.
London | May 24, 2013 20:21 (IST)
HSBC chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance.
New Delhi | May 24, 2013 19:49 (IST)
AstraZeneca Pharma India said on Friday that its promoter AstraZeneca Pharmaceuticals AB Sweden plans to offload around 37 lakh shares through offer for sale route on May 28 to meet the Securities and Exchange Board of India (Sebi) norms on minimum public shareholding.
New Delhi | May 24, 2013 19:34 (IST)
Reliance Industries (RIL) announced on Friday a huge natural gas discovery in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.