Companies
Piramal Group chairman Ajay Piramal addresses a press conference in Mumbai on Wednesday. Photo: Shashi Ashiwal
Piramal to acquire U.S. firm for Rs. 3,400 crore
Piramal Healthcare will acquire 100 per cent stake in U.S.-based Decision Resources Group and it would be funded by an equal mix of debt and equity.
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A ‘Dream Yuga' from Honda
Honda, on Tuesday, announced plans to focus on mass volume bike segment by launching 110cc motorcycle ‘Dream Yuga', priced at Rs.44,642. The Japanese bike-maker, which has signed Bollywood actor A...
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GIC Housing to pay Rs. 4.50
GIC Housing Finance has reported a net profit of Rs. 19.98 crore for the fourth quarter ended March 31, 2012, against Rs.16.58 crore in the same period in the previous year. Total income stood at R...
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Facebook raises IPO price as offering nears
The social networking company said in a regulatory filing that it expects to sell its stock for between $34 and $38 per share. That’s higher than a previous range of $28 to $35.
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Mercedes not to play the price game
Mercedes Benz India (MBI) will not play the price game to increase its market share, Director Sales and Marketing Debashis Mitra said.“It's a short-term measure which can bring in quick gai...
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CHENNAI,
May 15, 2012
MARG Q4 net at Rs. 15 crore
MARG Limited, an infrastructure company, registered a rise of 8.6 per cent in its total income at Rs. 391.91 crore for the fourth quarter ended March 31, 2012, up from Rs. 360.71 crore in the same...
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KOLKATA,
May 15, 2012
Suzuki may use Indian 2-wheeler unit as global export hub
Suzuki Motor Corporation may use India as an export hub for its mass segment two-wheelers, which has been launched by its Indian subsidiary Suzuki Motorcycle India Private Ltd (SMIPL).SMIPL...
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NEW DELHI,
May 15, 2012
New M-Class SUV from Benz
Mercedes-Benz, on Tuesday, introduced its third generation M-Class sports utility vehicle (SUV), promising better fuel efficiency and superior performance. Priced at Rs.56.90 lakh and Rs.66...
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NEW DELHI,
May 14, 2012
Reliance Ind termed credit negative
Global credit rating agency Moody's has downgraded Reliance Industries Ltd (RIL) as credit negative following the downward revision in the company's assessment of natural gas reserve.
Las...
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CHENNAI,
May 14, 2012
Ashok Leyland net down
A combination of factors, predominantly the depressed market in the South, dented the bottom line of Ashok Leyland with the net profit declining by 10.3 per cent, to Rs.565.98 crore in 2011-12.»
CHENNAI,
May 14, 2012
Royal Sundaram records 29 % top line growth
Royal Sundaram Alliance Insurance Company Limited has achieved a strong top line growth of 29 per cent by underwriting Rs. 1,479.79 crore GWP (gross written premium) during 2011-12, as compared to...
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CHENNAI,
May 14, 2012
Yamaha to set up plant near Chennai
Two-wheeler manufacturer Yamaha, on Monday, said that it would be setting up a factory in Tamil Nadu at an investment of Rs.1,500 crore, which would be made over five years. It also announced that...
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Mumbai,
May 14, 2012
Moody's downgrades three top private sector banks and LIC
Moody's, on Monday, downgraded three top private sector banks — ICICI Bank, HDFC Bank and Axis Bank — on growing concerns over the country's sovereign debt ratings and low level of cross-border di...
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New Delhi,
May 14, 2012
Passenger woes mount as pilots' stir enters seventh day
With the agitation by a section of Air India pilots entering the seventh day on Monday, the airline's flight schedule went haywire and woes of passengers mounted with the cancellation of 14 intern...
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May 13, 2012
CIL caught in a cobweb
Seldom in recent times has the public sector Coal India Ltd. (CIL) been caught in a predicament as it finds itself now. The Maharatna company, which marked its footprints in the equity markets with...
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Divi's Lab to pay Rs. 13 per share
J&K Bank to pay Rs.33.50
Chambal Fertilisers to pay Rs. 1.90
Bonfiglioli to expand
Dr. Reddy's Q4 net profit up 38 % at Rs.423 crore
Ricoh unveils new range of laser printers
SAIL goes mine hunting in Mongolia
JPMorgan in shock $2 b loss on derivatives
CHENNAI,
May 15, 2012
Ennore LPG terminal awaits CRZ clearance
The LPG import terminal project of IndianOil Petronas Pvt Ltd (IPPL) near Chennai that can help in speeding up cooking gas supplies to millions of households in the South, especially Tamil Nadu, i...
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NEW YORK,
May 15, 2012
Moody's lowers ratings of 26 Italian banks
Moody's Investors Service, on Monday, downgraded the debt ratings of 26 Italian banks as they struggled with the effect of the weak economy and government austerity measures. The move me...
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HYDERABAD,
May 15, 2012
Adopt lead bank concept, IRDA chief tells insurers
Insurance companies need to improve their products and post-sale services to ensure that they are demand-driven, Chairman of Insurance Regulatory and Development Authority (IRDA) J. Hari Narayan s...
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MUMBAI,
May 14, 2012
L&T Q4 net profit rises 14 %
Larsen & Toubro (L&T), on Monday, reported a 14 per cent growth in net profit for the fourth quarter of 2011-12 at Rs.1,920 crore (Rs.1,686 crore) on 21 per cent higher revenue of Rs.18,4...
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CHENNAI,
May 14, 2012
Orchid Pharma to pay Rs. 3
Orchid Chemicals and Pharmaceuticals (Orchid Pharma) has reported a lower turnover of Rs. 490.78 crore (standalone) in the fourth quarter ended March 31, 2012, against Rs. 509.25 crore in the same...
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NEW DELHI,
May 14, 2012
Bajaj launches Discover 125 ST
Bajaj Auto, on Monday, launched the ‘Discover 125 ST' bike that promises performance of a sports bike and comfort and economy of a commuter motorcycle. Built on a new platform, the new bike is pow...
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New Delhi,
May 14, 2012
Uninor terms TRAI’s revised recommendations as “cosmetic”
Terming Telecom Regulatory Authority of India’s (TRAI) revised recommendations for spectrum auction as “cosmetic changes”, telecom firm Uninor on Monday said the solutions for the problems will ha...
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Mumbai,
May 14, 2012
Moody’s downgrades LIC’s rating
Global credit rating agency Moody’s on Monday downgraded the country’s leading financial institution, Life Insurance Corporation of India (LIC), following its recent investments in the oil and gas...
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May 13, 2012
Talking Business: A long-haul trip at low-cost
Virgin Atlantic, promoted by the colourful Sir Richard Branson, is known to be a customer-focussed airline that has brought many innovations to the industry. Whether it is the Premium Economy c...
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CHENNAI,
May 12, 2012
Essar Oil Q4 net loss at Rs. 515 cr
Essar Oil has achieved a 29 per cent jump in its gross revenue for the fourth quarter ended March 31, 2012 at Rs. 19,160 crore as compared to Rs. 14,846 crore in the same period in the previous ye...
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Adidas seeks probe into Reebok India
GVK group calls APP's bluff
Telenor's investment failure will have political implications: Norway
Indian Bank Q4 net down 21%
ONGC-Cairn notifies major oil find in KG basin
JLR ups sourcing in U.K. by £1 b
Twelve Kingfisher flights cancelled
Latest in this section
Piramal to acquire U.S. firm for Rs. 3,400 crore
GIC Housing to pay Rs. 4.50
MARG Q4 net at Rs. 15 crore
Mercedes not to play the price game
Ennore LPG terminal awaits CRZ clearance
Suzuki may use Indian 2-wheeler unit as global export hub
Moody's lowers ratings of 26 Italian banks
New M-Class SUV from Benz
A ‘Dream Yuga' from Honda
Adopt lead bank concept, IRDA chief tells insurers
A ‘Dream Yuga' from Honda
Facebook raises IPO price as offering nears
Bajaj launches Discover 125 ST
Piramal to acquire U.S. firm for Rs. 3,400 crore
New M-Class SUV from Benz
Suzuki may use Indian 2-wheeler unit as global export hub
Ennore LPG terminal awaits CRZ clearance
Adopt lead bank concept, IRDA chief tells insurers
Yamaha to set up plant near Chennai
Mercedes not to play the price game
