Mumbai | May 23, 2013 23:06 (IST)
Drug maker Wockhardt Ltd said up to $100 million in annualised revenue could be lost as a result of a US Food and Drug Administration "import alert" on one of its plants, but said it should be able to restore most of that within 6 to 9 months by shifting production elsewhere.
New Delhi | May 23, 2013 22:56 (IST)
State-owned power equipment major Bhel reported on Thursday a 4.2 per cent drop in net profit at Rs 3,327.54 crore for the quarter ended March 31.
Hyderabad | May 23, 2013 22:56 (IST)
Glenmark Generics, a subsidiary of Glenmark Pharmaceuticals, is recalling multiple lots of three of its drugs from the US market due to "odd smell", according to US Food and Drug Administration.
May 23, 2013 22:55 (IST)
Jet Airways chairman Naresh Goyal on Thursday picked up an over 29 per cent stake in the private carrier from another promoter entity for about Rs 1,434 crore.
New Delhi | May 23, 2013 22:55 (IST)
Industrial steam turbine maker Triveni Turbines posted on Thursday a 23 per cent jump in standalone net profit at Rs 30.59 crore in the quarter ended March 31, 2013 on strong overseas sales.
New Delhi | May 23, 2013 22:29 (IST)
IT training firm NIIT Ltd reported on Thursday a steep 91 per cent decline in standalone net profit at Rs 3.83 crore for the quarter ended March 31, 2013, hit by drop in enrolments due to a weak market sentiment.
New Delhi | May 23, 2013 22:29 (IST)
Hindustan Copper reported on Thursday a 37 per cent rise in its net profit at Rs 188 crore for the quarter ended March 31, despite a decline in its total income.
New Delhi | May 23, 2013 21:45 (IST)
Former promoters of Ranbaxy on Thursday rebutted the current Japanese owner's allegations of hiding information on US probe into drug adulteration, saying they did not misrepresent any facts or falsify any data.
May 23, 2013 20:14 (IST)
Ranbaxy Laboratories founders termed Japanese company Daiichi Sankyo's allegations that former shareholders of the Indian company hid information regarding US regulatory probes as "false and baseless" in a statement released late on Thursday.
Mumbai | May 23, 2013 19:31 (IST)
Direct-to-home company Dish TV posted on Thursday a lower standalone loss of Rs 43.62 crore for its fourth quarter that ended on March 31, 2013 against a loss of Rs 49.02 crore for the same period last year.
Mumbai | May 23, 2013 18:42 (IST)
A Falcon 900 business jet belonging to Mukesh Ambani-led Reliance Industries Ltd (RIL) made an emergency landing with three passengers on board at the city airport due to an engine failure, airport authorities said on Thursday.
Mumbai | May 23, 2013 18:18 (IST)
Tata Steel Ltd, India's largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region.
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.
New Delhi | May 23, 2013 18:00 (IST)
A court will resume its hearing on Monday into complaints of emissions from India's biggest copper smelter plant, shut since the end of March, but will take a decision before May 31, a judge said on Thursday.
New Delhi | May 23, 2013 16:50 (IST)
Ssangyong Motor Co, part of the Mahindra Group, said on Thursday that it has received 80 billion Korean won (about Rs 400 crore) from its majority shareholder Mahindra & Mahindra Group in lieu of the new shares offered to the Indian firm.
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.
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 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.
Vienna | May 22, 2013 23:34 (IST)
Srei Infrastructure Finance Ltd is poised to buy the domestic banking unit of nationalised Austrian lender Hypo Alpe Adria for 65.5 million euros, according to an Austrian daily.
Mumbai | May 22, 2013 23:06 (IST)
Bangalore-headquartered private lender ING Vysya Bank said on Wednesday that it hopes to raise Rs 2,000 crore in fresh capital by the first half of next month through a mix of preferential share allotment to the promoters as well as a qualified institutional placement.