BSES, the power distribution company of Anil Dhirubhai Ambani group (ADAG), has sought closure of five government-owned power units and shifting their fuel allocation to other power plants. The move would bring down retail tariff costs by 5-7%.
Infotech Enterprises Limited, a Hyderabad-based engineering solutions provider, reported a 28.8% increase in net profit at Rs 69.83 crore for the fourth quarter ended March 2014, as compared with Rs 54.21 crore in the corresponding quarter of the previous
Change is constant, as ismanifest in the takeover battle for Mangalore Chemicals and Fertilizers (MCF).
Amazon, the world's biggest online retailer, today announced foray into apparel segment in the country, which is dominated by fashion focused portals such as of Myntra Jabong and others.
The profitability fell to Rs 400 crore compared with Rs 438 crore in the previous corresponding quarter. The company's sales turnover was marginally up at Rs 2,967 crore against Rs 2,906 crore last year.
South Indian Bank cloaked an all time high net profit of Rs 507.50 crore in FY 2013-14. This is against a net profit of Rs 502.27 crore in the previous financial year, registering a marginal growth.
Tata group hospitality major, Indian Hotels Company Ltd (IHCL), has sought market regulator Sebi's approval to raise Rs 1,000 crore through issue of debentures on rights basis.
Technology giant IBM has signed a contract with IT services firm Polaris Financial Technologies (FT) for using the US-based company's social software for a superior digital experience, improve workforce productivity and accelerate business growth.
Consumer goods maker Unilever reported higher first-quarter underlying sales on Thursday, despite a later Easter holiday that pushed some food sales into the second quarter.
Aiming to enhance its domain knowledge and expertise in life sciences, BPO services major Genpact plans to acquire Pharmalink Consulting, a global provider of regulatory services in life sciences, for an undisclosed amount.
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The company had reported a net profit of Rs 287 crore in the corresponding period last year.
South Korea's Hyundai Motor Co on Thursday missed analyst estimates by posting nearly flat net profit, as lacklustre US performance offset increased sales in Korea and China.
Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.
Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82% increase in advertising revenue.
The founder of Russia's leading social media network, a wunderkind often described as Russia's Mark Zuckerberg, has left his post as CEO and fled the country as cronies of President Vladimir Putin have made steady inroads into the company's ownership.
ultratech cementUltraTech Cement, the country’s largest cement producer, surprised analysts on Wednesday with its volume growth and profit after tax (PAT).
Deepak Fertilisers and Petrochemicals has launched an open offer for a 26 per cent stake in Mangalore Chemicals and Fertilizers (MCF), reviving after a hiatus the battle for one of the remaining jewels in Vijay Mallya's crown.
Rajiv BajajTaking a tough stance amid an impending strike at Bajaj Auto's Chakan two-wheeler factory, Managing Director Rajiv Bajaj says he is ready for a long-haul face-off with workers, even if that means production coming to a halt for six months.
The multi-billion dollar three-way deal of Novartis with GlaxoSmithKline (GSK) and Eli Lilly is likely to trigger merger control approvals from various anti-trust authorities, including a scrutiny by Competition Commission of India (CCI), industry