Corporates

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.

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.

Panjim, Goa | May 24, 2013 18:20 (IST)

Japanese two wheeler giant Yamaha today said it expects the Indian market to become one of its top five markets by 2016 as it plans to roll out "many products" in the volume-driven mass segment here.

Mumbai | May 24, 2013 18:17 (IST)

Intensifying the price war in the fast-growing smartphone category in India, South Korean mobile handset maker Samsung Electronics launched its cheapest Galaxy series phone 'Star' on Friday priced at Rs 5,240.

New Delhi | May 24, 2013 17:54 (IST)

Jet Airways, which recently agreed to sell a 24 per cent stake to Gulf carrier Etihad, reported a wider quarterly loss, hurt by higher costs.

New Delhi | May 24, 2013 16:49 (IST)

McNally Bharat Engineering said on Friday that it has received a construction order worth Rs 277 crore.

New Delhi | May 24, 2013 13:31 (IST)

Antonio Helio Waszyk, the current chairman and managing director, shall step down from the position of managing director with effect from October 1, 2013, to take up a new assignment within the Nestle Group.

May 24, 2013 11:19 (IST)

Disgraced IT executive Phaneesh Murthy and his former employer iGate Corp will be sued by the firm's investor relations head for alleged sexual harassment, the victim's law firm said today.

May 24, 2013 11:08 (IST)

US-based outsourcing firm iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.

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.