Corporates

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.

Hyderabad | May 22, 2013 22:58 (IST)

NCC Ltd (formerly Nagarjuna Constructions) said on Wednesday that its net profit for the quarter ended March 31 soared over two fold to Rs 12.3 crore.

New Delhi/Mumbai | May 22, 2013 18:36 (IST)

Larsen and Toubro Ltd, India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop.

New Delhi | May 22, 2013 17:52 (IST)

Phaneesh Murthy, the disgraced former chief executive of iGate Corp, may lose as much as $15.09 million (about Rs 84 crore) in severance benefits after being sacked by the US-based firm for professional misconduct.

May 22, 2013 17:03 (IST)

Larsen and Toubro shares dropped nearly 6 per cent on Wednesday after India's biggest engineering and construction firm posted lower than estimated profits for the March quarter. This was the biggest single day fall in L&T shares since January 2010.

New Delhi | May 22, 2013 16:55 (IST)

Essel Group company Zee Entertainment Enterprises (ZEEL) posted on Wednesday a 10.66 per cent increase in consolidated net profit at Rs 180.35 crore for the quarter ended March, 2013.

May 22, 2013 13:25 (IST)

Larsen and Toubro, India's biggest engineering and construction firm posted below estimates profits for the March quarter, sending its shares down by nearly 3 per cent.

London | May 22, 2013 01:35 (IST)

European Union regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.

May 22, 2013 01:21 (IST)

Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganisation and created a unit aimed at growing its market share in future mobile technologies.

Tampa, Florida | May 21, 2013 23:57 (IST)

Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year.

New Delhi | May 21, 2013 23:26 (IST)

Srei Infrastructure Finance Ltd said on Tuesday that its board has approved to raise Rs 1,500 crore by public issue of debentures in one or more tranches during the current fiscal year.

Cork/Dublin | May 21, 2013 23:15 (IST)

Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the US Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

New Delhi | May 21, 2013 23:01 (IST)

Helped by deferred tax benefits of Rs 159.33 crore, JSW Ispat Steel, an associate firm of JSW Steel, reported on Tuesday a standalone net profit of Rs 94.16 crore for the fourth quarter ended March, 2013.

New York | May 21, 2013 22:37 (IST)

India-born former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court on Tuesday by arguing that the case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him.

New Delhi | May 21, 2013 20:34 (IST)

Real estate firm Prestige Estates Projects reported on Tuesday a more than two-fold jump in its standalone net profit at Rs 89.03 crore for the quarter ended March, 2013.

Chandigarh | May 21, 2013 19:50 (IST)

Dismissed workers of Maruti Suzuki Workers' Union demanded release of over 100 workers who were arrested by the Haryana Police on May 19 during a protest demonstration in Kaithal.

Mumbai | May 21, 2013 19:11 (IST)

Software exporter Tech Mahindra reported on Tuesday a 25 per cent increase in its consolidated net profit at Rs 377.24 crore for its fourth quarter that ended on March 31, 2013.

Mumbai | May 21, 2013 18:46 (IST)

Essar Energy Plc on Tuesday signed a $1 billion financial cooperation agreement with the China Development Bank and PetroChina International Co Ltd, according to a document seen by Reuters.