The Hindu
Logo of State Bank of India. File photo
SBI Q4 net falls 18.5 p.c.; shares tank 7 p.c.
Country’s largest bank SBI on Thursday reported a 18.54 per cent decline in net profit at Rs. 3,299 crore for the fourth quarter ended March 31, 2013 on account of lower interest income, causing i...
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Ranbaxy shares dive over 9% on bourses in morning trade
Following the news, shares of the company opened the day on a weak note and further tanked 9.3 per cent to Rs. 391 on the BSE. At NSE, the stock tumbled 9.37 per cent to Rs. 390.65.
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L&T Q4 net down 7 %
Announces 1:2 bonus and Rs.18.50 per share dividend
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Related: Hydrocarbon biz to be transferred to subsidiary
Latest in this section
SBI Q4 net falls 18.5 p.c.; shares tank 7 p.c.
Phaneesh Murthy to be sued for sexually harassing iGate employee
Ranbaxy shares dive over 9% on bourses in morning trade
Google slashes business app rates for Indian SMBs
L&T Q4 net down 7 %
Hydrocarbon biz to be transferred to subsidiary
RBS Financial launches Real Estate Services in India
Just Dial issue over-subscribed 12 times
Ranbaxy pumps in $300 m globally for products safety
Phaneesh may lose $15 million in benefits from iGate
New Delhi,
May 23, 2013
Phaneesh Murthy to be sued for sexually harassing iGate employee
Sacked iGate Corp Chief Executive Phaneesh Murthy will be sued for sexually harassing the firm’s investor relations head and allegedly making her pregnant, the law firm representing the victim sai...
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MUMBAI,
May 22, 2013
Hydrocarbon biz to be transferred to subsidiary
The board of directors of Larsen & Toubro Ltd. (L&T) on Wednesday approved a proposal to transfer all assets and liabilities of its hydrocarbon business into a wholly-owned subsidiary, L&a...
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Mumbai,
May 22, 2013
Just Dial issue over-subscribed 12 times
In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue on Wednes...
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New Delhi,
May 22, 2013
Phaneesh may lose $15 million in benefits from iGate
Phaneesh Murthy, the disgraced former chief exe...
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Washington,
May 22, 2013
Apple CEO defies US Senate on tax avoidance
Apple has called for US corporate tax rates to be reduced to "single digits" after it admitted sheltering at least $30bn of international profits in Irish subsidiaries that pay no tax at...
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2 comments
BANGALORE,
May 22, 2013
I’m a victim of extortion, claims Phaneesh Murthy
A day after being sacked from his position as iGATE CEO, Phaneesh Murthy claimed on Tuesday that he was a victim of “extortion” by an employee who has alleged sexual harassment by him. Participat...
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MUMBAI,
May 22, 2013
China seeks more exports from India
The Prime Minister of China, Li Keqiang, during his visit here , urged the Indian business community to have greater trade ties with his country to address the problem of trade imbalance between t...
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1 comment
MUMBAI,
May 22, 2013
Tech Mahindra Q4 net up
Tech Mahindra on Tuesday reported a 25 per cent increase in its consolidated net profit at Rs.377.24 crore for the quarter ended March 31, 2013, against Rs.302.50 crore in the year-ago period.
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KOLKATA,
May 21, 2013
SAIL gears up for fast-tracking ISP modernisation
In a bid to fast-track the modernisation of its IISCO Steel Plant (ISP), Steel Authority of India Ltd. (SAIL) has flagged the issues that need to be addressed for timely completion of the Rs.16,00...
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Mumbai,
May 21, 2013
Ashwin is brand ambassador for CavinKare
India off-spinner Ravichandran Ashwin has been roped in by FMCG firm CavinKare to endorse its entire range of dairy products.
The lanky 26-year-old Chennai bowler would also be the brand...
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Vodafone India revenue up 10 % in 2012-13
We were in a relationship: Phaneesh Murthy
Nasscom says sacking Phaneesh right decision
Power deficit States can get electricity from surplus regions
Gateway Hotels on expansion mode
Chidambaram for merger of PSU banks
NTPC set to ink pact for Sampur project in Sri Lanka
Input costs hit India Cements net
Samsung launches Galaxy Grand Quattro in India
CHENNAI,
May 22, 2013
Google slashes business app rates for Indian SMBs
Google India has reduced the prices of its online business applications for small and medium businesses (SMBs), even as it looks to stem growing competition from players such as Zoho Corp, potenti...
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1 comment
NEW DELHI,
May 22, 2013
RBS Financial launches Real Estate Services in India
RBS Financial Services, a part of the Royal Bank of Scotland group, on Wednesday, announced the launch of Real Estate Services (RES) in India. This new initiative follows the launch of Wealth Pla...
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NEW DELHI,
May 22, 2013
Ranbaxy pumps in $300 m globally for products safety
Leading drug company Ranbaxy Laboratories on Wednesday said it had invested almost $300 million across manufacturing facilities to ensure safety and efficacy of its products in the global markets.
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New Delhi,
May 22, 2013
No cartelisation by telecom operators: Vodafone
Disputing CAG’s allegations of telecom operators forming cartels during recent spectrum auctions, Vodafone India on Wednesday said if all the players in the industry did not participate than it ca...
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WASHINGTON,
May 22, 2013
Immigration bill retains clause banning client site placement of H1-B workers
The ‘killer provision’ of ban on client site placement for H1-B workers, which may prove to be detrimental to the interests of major Indian IT companies, remains in place despite a last-minute dea...
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NEW DELHI,
May 22, 2013
Oil marketing firms under CCI scanner for price fixing
The Competition Commission of India (CCI)has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices.
The Director-General, the investigation a...
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1 comment
MUMBAI,
May 22, 2013
Mistry hosts Chinese Premier at TCS
Chinese Prime Minister Li Keqiang’s visit to Tata Consultancy Services (TCS) offshore development centre here on Tuesday highlights the position accorded to the information technology (IT) sector...
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1 comment
WASHINGTON,
May 22, 2013
U.S. panel accuses Apple of dodging billions in taxes
Apple, the top U.S. computer and smart phone manufacturer, used a complex web of offshore entities to avoid billions in taxes, a Senate panel has alleged.
The electronics giant’s rootless...
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CHENNAI,
May 21, 2013
AirAsia India arrival will shake up market, feels OTAs
Online travel agencies (OTAs) are eagerly looking towards the arrival of AirAsia India to bolster growth at a time when the depreciation of the rupee and domestic airline capacity constraints have...
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New Delhi,
May 21, 2013
GM India to hike prices by up to Rs 10,000
General Motors India on Tuesday said it will raise the prices of its entire range of vehicles by up to Rs 10,000 from first week of June to offset the increase in logistic costs following hike in...
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