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New York,
Tuesday, March 19, 2013
Citigroup Inc has agreed to pay 730 million dollars in compensation to a group of investors who say they were misled by the bank in the years leading up to the financial crisis. The bank ag...
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New Delhi,
Tuesday, February 12, 2013
The Centre has decided to revive some of its sick undertakings, including several units of HMT, in the near future.
The Department of Public Enterprises Secretary, O. P. Rawat, said that...
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More on losses AND:
restructuring and recapitalisation
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Tokyo,
February 7, 2013
Sony Corp. on Thursday reported a net loss of 10.7 billion yen ($115.1 million) in the October-to-December quarter due to slumping television sales amid fierce competition in consumer electronics...
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Zurich,
February 5, 2013
UBS bank said on Tuesday that it made a net loss of 2.51 billion Swiss francs (2.76 billion dollars) last year, owing to fines for interest-rate rigging and restructuring costs. Switzerland...
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January 19, 2013
Domestic airfares have constantly risen to unaffordable levels from the beginning of 2012 since Kingfisher Airlines, India’s second largest airline by market share at one time, plunged into crisis.
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New Delhi,
December 2, 2012
Telecom operator Uninor narrowed its operating loss by half to around Rs 512 crore (Norwegian Krone 536 million) for the quarter ended September 30, 2012.
The company, in which Norwegian...
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New Delhi,
November 26, 2012
Motorola Mobility has shut down its India-specific product website as part of its global streamlining process.
“We are streamlining our business and support systems, and unfortunately, we...
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MUMBAI,
November 9, 2012
Impact of lower steel prices, and higher raw material costs
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NEW DELHI,
October 15, 2012
Tata Motors, on Monday, said its global sales declined by 4 per cent to 1,03,656 units in September as compared to the same month last year, mainly on account of lower passenger vehicle sales. Sal...
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CHENNAI,
September 13, 2012
Shares of Reliance MediaWorks nosedived by 7.2 per cent intra-day on the Bombay Stock Exchange to Rs. 61.40 from its previous close of Rs. 66.05 in the wake of reports that the U.S.-based Digital D...
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NEW DELHI,
August 10, 2012
Ranbaxy Laboratories posted an unexpected quarterly loss of Rs.586 crore ($106 million) as foreign exchange losses ballooned although sales in its key U.S. market more than doubled.Ranbaxy,...
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Germany,
August 1, 2012
German luxury automaker BMW AG said earnings fell 28 percent in the second quarter due to higher costs for staff and investments in new technology.
The fall in profit was partly due to on...
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Luxembourg/New Delhi,
February 6, 2013
ArcelorMittal, world’s largest steelmaker, has reported a net loss of USD 3.73 billion in 2012 which is largely due to USD 4.3 billion write down related to the company’s European businesses.<...
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Hyderabad,
January 22, 2013
Media house Deccan Chronicle Holdings Limited (DCHL) has reported a loss of Rs.1,040.41 crore during the 18-month period ending September 30, 2012, against a profit of Rs.162.58 crore reported dur...
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Houston,
December 3, 2012
Advanced Micro Devices (AMD) Inc is putting up for sale its Austin, Texas campus to raise cash, which analysts say is a positive move for the chip giant.
AMD said it will sell and lease b...
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Chennai,
November 29, 2012
Tyre major MRF on Thursday reported a 58.3 per cent decline in its net profits to Rs 164.76 crore for the fourth quarter ending September 30.
The Chennai-based company had reported a net...
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Hyderabad,
November 14, 2012
GMR Infrastructure Limited on Wednesday said its consolidated net loss widened to Rs. 179 crore for the quarter ended September 30 from Rs. 63 crore net losses registered during the same period a...
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MUMBAI,
November 7, 2012
Tata Power has reported a net loss of Rs.83.80 crore on a consolidated basis for the second quarter ended September 30, 2012, as compared to a net loss of Rs.1,187.32 crore in the corresponding pe...
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Mumbai,
October 2, 2012
Kingfisher Airlines on Monday night declared a partial lock-out with immediate effect and suspended till Thursday flight operations which came to a grinding halt following a strike by a section of...
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NEW DELHI,
August 23, 2012
Key files on decision missing, internal investigation determined
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NEW DELHI,
August 10, 2012
With the subsidy component for sale of petroleum products at subsidised prices from the government still to come, Indian Oil Corporation (IOC), on Thursday, announced the biggest quarterly net los...
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MUMBAI,
July 7, 2012
Can a defaulter owing a public sector bank Rs. 40 crore persuade that bank to sanction him Rs. 150 crore in further loans before paying back a rupee? Can he get that bank to lower his debt to less...
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