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Cabinet nod for 4,072 towers in LWE areas for INR 7,330 crore

By   /  May 24, 2018  /  Business  /  Comments Off on Cabinet nod for 4,072 towers in LWE areas for INR 7,330 crore

New Delhi, May 23 (IANS): To empower security personnel and people staying in the country’s Left Wing Extremist (LWE) areas, the Cabinet on Wednesday approved the setting up of an additional 4,072 mobile towers at an investment of Rs 7,330 crore, IT and Law Minister Ravi Shankar Prasad said here on Wednesday. “This is the […]

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Indian Oil Q4 net at INR 5,218 cr. up 40% on inventory gain

By   /  May 22, 2018  /  Business  /  Comments Off on Indian Oil Q4 net at INR 5,218 cr. up 40% on inventory gain

New Delhi, May 22 (IANS): State-run oil marketer Indian Oil Corp (IOC) on Tuesday posted a 40.25 per cent rise in profit at Rs 5,218.10 crore for the fourth quarter ended March, mainly on the back of inventory gains, as per a company announcement. The country’s largest oil marketing firm had recorded a net profit […]

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SBI posts Q4 loss of INR 7,718 cr. on provisions; gross NPAs up

By   /  May 22, 2018  /  Business  /  Comments Off on SBI posts Q4 loss of INR 7,718 cr. on provisions; gross NPAs up

Mumbai, May 22 (IANS): Reflecting the continued pressure on state-run banks, State Bank of India (SBI) on Tuesday posted a loss of Rs 7,718 crore for the fourth quarter ended March, mainly due to increased provisioning, the bank said in a stock exchange filing. The country’s largest lender had recorded a profit after tax (PAT) […]

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Five Indian brands among world’s top 100 luxury goods companies – report

By   /  May 22, 2018  /  Business  /  Comments Off on Five Indian brands among world’s top 100 luxury goods companies – report

New Delhi, May 22 (IANS): Five Indian brands feature among the 100 largest luxury goods companies in the world, a Deloitte report said on Tuesday. The Indian companys in the list are Titan Company (ranked 28th), Kalyan Jewellers India (37th), PC Jeweller (43th), Joyalukkas India (49th), Tribhovandas Bhimji Zaveri (89th), said the report named “Global […]

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New air passenger-friendly norms soon

By   /  May 22, 2018  /  Business  /  Comments Off on New air passenger-friendly norms soon

New Delhi, May 22 (IANS): Domestic air passengers will soon be able to avail full refunds and additional compensation for flight delays, cancellations as the government on Tuesday put in the public domain a new ‘passenger charter’ for eliciting comments, suggestions before notifying them. The new air passenger charter seeks to amend current norms for […]

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Rupee falls 12 paise to fresh 16-month low against dollar

By   /  May 21, 2018  /  Business  /  Comments Off on Rupee falls 12 paise to fresh 16-month low against dollar

Mumbai, May 21 (PTI): The rupee declined 12 paise to a fresh 16-month low of 68.12 against a strengthening US dollar in early trade on Monday after China and the US struck a deal to avert a trade war. Traders attributed the rupee’s fall to increased demand for the dollar from importers and banks after […]

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Samsung Galaxy A, J series devices with ‘Infinity Display’ now in India

By   /  May 21, 2018  /  Business  /  Comments Off on Samsung Galaxy A, J series devices with ‘Infinity Display’ now in India

New Delhi, May 21 (IANS): Aiming to disrupt India’s mid-segment smartphone market, Samsung India on Monday launched four new smartphones in its Galaxy “A” and “J” series with “Infinity Display” — a bezel-less screen for an immersive viewing experience. “These phones are aggressively priced and with these launches, we will consolidate our leadership position in […]

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HP leads Indian large format printer market in Q1 2018

By   /  May 21, 2018  /  Business  /  Comments Off on HP leads Indian large format printer market in Q1 2018

New Delhi, May 21 (IANS): HP Inc. has emerged as the leader in the Indian large format printer (LFP) market with 37.7 per cent share as the segment posted strong growth in the first quarter of 2018, market research firm International Data Corporation (IDC) said on Monday. A large part went to several other brands […]

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Nifty ends below 10,600-mark; down 86 point

By   /  May 20, 2018  /  Business  /  Comments Off on Nifty ends below 10,600-mark; down 86 point

Mumbai, May 19 (PTI): Extending losses for the fourth straight session, the NSE Nifty dropped 86 points to end at 10,596 due to persistent selling in some key sectors. A mild selling was seen in sectors like metal, pharma, infra, banking and auto. Higher crude oil prices and concerns over fiscal health mainly dented investors’ […]

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Rupee in recovery mode, gains 10 paise more to 67.70 against dollar

By   /  May 17, 2018  /  Business  /  Comments Off on Rupee in recovery mode, gains 10 paise more to 67.70 against dollar

Mumbai, May 17 (PTI): Belying fears about surging crude prices, the rupee managed to hold its ground against the US currency for the second-straight day, gaining by 10 paise to end at 67.70 a dollar. The Indian currency proved surprisingly resilient despite a sharp surge in global crude prices which alarmingly touched a high of […]

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