Vodafone India revenues also rose by 1.17 per cent to GBP 4.32 billionfrom GBP 4.27 billion. Photo:AP
Vodafone India’s FY’13 adjusted operating profit at Rs 1,853 crore
Vodafone India, the country’s second largest mobile operator, on Tuesday said its adjusted operating profits rose by more than three-fold to GBP 221 million (about Rs 1,853 crore) for the year end...
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GM India to hike prices by up to Rs 10,000 from June 1st week
General Motors India on Tuesday said it will raise the prices of its entire range of vehicles to offset the increase in logistic costs following hike in diesel rates.
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ADCOM launches budget smartphones in India
Technology products importer Advantage Computers India Pvt Ltd (ADCOM) on Tuesday launched a range of affordable android powered smartphones in India.
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Latest in this section
GM India to hike prices by up to Rs 10,000 from June 1st week
Vodafone India’s FY’13 adjusted operating profit at Rs 1,853 crore
ADCOM launches budget smartphones in India
We were in a relationship: Phaneesh Murthy
New Pak govt may consider importing electricity from India
Nasscom says sacking Phaneesh right decision
iGate sacks CEO Phaneesh Murthy after sexual harassment claim
Power deficit States can get electricity from surplus regions
Essar Energy exercises call option to buy Essar Oil shares
Gateway Hotels on expansion mode
Bangalore,
May 21, 2013
We were in a relationship: 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 filed a sexual harassment case against him. P...
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Bangalore,
May 21, 2013
Nasscom says sacking Phaneesh right decision
Nasscom Chairman K. Natarajan on Tuesday said iGate board has taken a right decision to sack its president and CEO Phaneesh Murthy over alleged sexual harassment, emphasising that a “quick and dec...
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2 comments
NEW DELHI,
May 20, 2013
Power deficit States can get electricity from surplus regions
The government, on Monday, said power surplus States could transfer surplus electricity to ones grappling with shortage through a new system.
“The surplus power from the States can be tra...
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4 comments
HUBLI,
May 20, 2013
Gateway Hotels on expansion mode
The Gateway Hotels and Resorts, part of the Taj Group of Hotels, is on an expansion mode. If implementation goes as planned, it will have ten more hotels operational in the country in the next two...
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New Delhi,
May 20, 2013
Chidambaram for merger of PSU banks
Finance Minister P. Chidambaram on Monday favoured mergers in the banking industry so that India can have two-three global sized banks.“There are other sectors that may well need restructur...
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6 comments
NEW DELHI,
May 20, 2013
NTPC set to ink pact for Sampur project in Sri Lanka
With differences over the operation and maintenance (O&M) charges and the gross heat rate issues in the power purchase agreement (PPA) sorted out, NTPC is all set to ink agreement for the exec...
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Chennai,
May 20, 2013
Input costs hit India Cements net
A combination of factors, predominantly the acute power shortage in the southern States coupled with a softening in cement prices, dented the bottom line of The India Cements Ltd. in 2012-13, with...
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Mumbai,
May 20, 2013
Samsung launches Galaxy Grand Quattro in India
Aimed at maintaining its leadership position in the Smartphone segment in the country, Korean handset maker Samsung Electronics on Monday announced the launch of its Galaxy Grand Quattro, priced a...
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2 comments
May 20, 2013
E-commerce & idli profitability
There is nothing that conjures a sense of schadenfreude more than seeing the mighty fall. Or from watching an industry reach for the stars, and fall sharply short. Accordingly, much ink...
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5 comments
Mumbai,
May 19, 2013
Just Dial’s Rs. 950 cr IPO opens tomorrow
The estimated Rs. 950 crore IPO of local search engine Just Dial will begin from Monday and is one of the largest initial public offers by an Indian Internet company.The IPO, which does not...
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Cobrapost: NABARD chief gives clean chit to co-operative banks
New drug price regime to alter structure
Corruption is a growth business
‘RBI should be sole regulator for home loans’
Onus on RBI, SEBI to create awareness against ponzi schemes
Facebook traffic plateaus but profit potential looks up
NIIT Technologies fourth quarter profit up 22 %
Land, a key issue in tapping shale gas potential: ONGC chief
Tribunal directs cement firms to deposit Rs.630 cr
Islamabad,
May 21, 2013
New Pak govt may consider importing electricity from India
Pakistan’s new government will consider importing 1,000 MW of electricity from India as part of a short to medium-term strategy to end power outages, according to a media report on Tuesday.
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CHENNAI,
May 21, 2013
iGate sacks CEO Phaneesh Murthy after sexual harassment claim
IT services company iGate, on Monday, announced the sacking of its President and CEO Phaneesh Murthy following a complaint of sexual harassment by a subordinate employee. A statement issued by the...
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16 comments
MUMBAI,
May 20, 2013
Essar Energy exercises call option to buy Essar Oil shares
Essar Energy plc’s 100 per cent subsidiary Essar Energy Holdings Ltd. Mauritius (EEHL) has agreed to purchase 32,947,191 shares in Essar Oil, representing a 2.41 per cent interest (including Globa...
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NEW DELHI,
May 20, 2013
Global retailers can open warehouses in States opposing FDI
Global retailers such as Walmart and Tesco can set up warehouses and cold storages as well as source products from small and medium enterprises (SMEs) in States which have not permitted FDI in the...
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NEW DELHI,
May 20, 2013
GEECL wins 25 % stake in ONGC’s Raniganj CBM block
Great Eastern Energy Corporation Ltd. (GEECL), on Monday, said it had won a 25 per cent stake in Oil and Natural Gas Corporation’s (ONGC) Raniganj coal-bed methane (CBM) block in West Bengal.<...
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Chennai,
May 20, 2013
City Union Bank net up 15 %; to pay 100 % dividend
City Union Bank has reported a 14.9 per cent rise in its net profit at Rs. 322.02 crore for the year ended March 31, 2013, against Rs. 280.25 crore in the previous financial year. Total income ros...
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Mumbai,
May 20, 2013
27 per cent rise in Apollo Hospitals fourth quarter net profit
Apollo Hospitals Enterprise, on Monday, reported a 27.3 per cent rise in its net profit at Rs.75.52 crore for the fourth quarter ended March 31, 2013, mainly on account of robust performan...
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May 20, 2013
Things can only improve from here
“We are no more old generation private sector bank,” says K. Venkataraman, Managing Director of Karur Vysya Bank. Indeed, the 97-year-old bank has evolved with time. And, it is keen on m...
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May 20, 2013
A mixed picture
Economic data released over the past two weeks send out confusing signals. The IIP data (index of industrial production) for March 2013, released on May 10, was on the face of it, positive. It sho...
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New Delhi,
May 19, 2013
Fin Min implements amnesty scheme for service tax defaulters
Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges.
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