Companies News - The Hindu- Page 11

Wipro posts 7.2 per cent rise in Q2 net profit

PTI Consolidated net profit of India's 3rd largest software services firm is Rs 2,235.4 crore

People walk in and out of a HDFC bank branch File Photo: Reuters

Mobile banking will overtake net banking: HDFC

PTI The bank reported 17.46 lakh mobile transactions worth over Rs. 5,686 crore, making it the market leader in the segment.

With new features, BlackBerry refocusses itself

B. Pradeep Nair While enterprise is at the core, consumer gets more attention

President & CEO of Automobili Lamborghini Stephan Winkelmann poses with a car during the inauguration of the company's showroom in Bengaluru.

Lamborghini bets big on Indian market

Pradeesh Chandran CEO of Lamborghini talks about India as an emerging market and the road ahead for the company.

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Power generation at Dabhol plunges on dwindling gas supplies

Samsung sells 10 million Galaxy devices in India

Mahan-1 unit of Essar Power goes on stream

Titan ups open offer price for Wheels India shares

Top-level re-jig at Toyota Kirloskar

Binani to dilute 40 % stake in cement venture

Promoters sell 2.11 % stake to fund Suzlon CDR

The promoters of Suzlon Energy, led by Chairman and Managing Director Tulsi Tanti, have sold 2.11 per cent of their holding to mobilize Rs. 63 crore

CCEA nod for 12.5% stake sale in RCF

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its nod for sell-off of 12.5 per cent of the Centre’s equity stake in Rashtriya

DGCA to ask for more details from Kingfisher on its finances

With the airline owing money to its staff, banks, airports and tax authorities, the sources said all these stakeholders needed to be convinced that the carrier’s interim revival plan was viable.

Classic Ferrari set to become world’s most expensive car

A 1960 classic Ferrari could fetch a whopping four million pounds and become one of the world’s most expensive cars when it is auctioned next month.

No need for CAG audit of CBM blocks: Rangarajan panel

Amidst a row over CAG audit of Reliance Industries’ KG-D6 gas block, the Rangarajan Committee has said official auditor CAG need not audit RIL’s CBM

12 FDI proposals worth Rs.802 cr cleared

Rejects M&M’s proposal to form a JV with Israel’s Rafael Advanced Defence System

Facebook under tax spotlight

Facebook has become the latest multinational to come under the spotlight for its tax affairs after figures revealed it paid just 2.9 million pound in

ISP kicks off Burnpur project of SAIL

‘Hot’ production of the sinter plant at IISCO Steel Plant (ISP), Burnpur commenced on Monday,with the facility producing the first batch of iron

ACC revamps supply chain management

ACC Ltd. has embarked on an initiative to improve the efficiency of its supply chain, which include 10,000 trucks that carry cement from its plants to

3 steel PSUs looking to acquire iron ore assets in Brazil

Rashtriya Ispat Nigam, NMDC and MOIL, under the Steel Ministry, are looking to acquire iron ore assets in Brazil, the world’s second largest exporter

Lenovo eyes15 per cent share in large enterprise biz

Leading PC maker Lenovo is looking to increase its market share in the large enterprise business segment to 15 per cent by 2013. “ Today, we have

Essar Ports commissions terminal at Paradip

Essar Ports has announced the commissioning of its 16 million metric tonnes per annum dry bulk terminal at Paradip in Odisha, taking the aggregate

Iranian ties put CPCL in a spot after U.S. sanction

For standalone refinery Chennai Petroleum Corporation Ltd (CPCL), the presence of an Iranian stakeholder is turning out to be an issue in the wake of

Air India ferries record 50,000 passengers in single day: official

National carrier Air India flew a record number of passengers last Friday when it carried over 50,000 in a single day on its national and

Axed TCL staff seek PM intervention

Some employees allege the management has been ignoring notices from the Delhi Labour Court for negotiations

SEBI bans Dilip Pendse from capital market

The Securities and Exchange Board of India (SEBI) on Monday restrained Dilip S. Pendse, former Managing Director of Tata Finance Ltd (FTL), from

Elder Pharma inks pact with Russia’s Holding PharmaEco

Elder Pharmaceuticals on Monday signed an agreement with Russia’s Holding PharmaEco for bilateral co-operation in the healthcare sector. The

Kingfisher submits interim revival plan

Kingfisher Airlines is understood to have submitted an interim revival plan to the Directorate General of Civil Aviation (DGCA), seeking approval to

SBI General Insurance premium soars to Rs 425.47 crore in Apr-Nov

SBI General Insurance has garnered premium of Rs 425.47 crore in the first eight months (April-November) of the ongoing financial year, a rise of 219

Kingfisher submits interim revival plan

Kingfisher Airlines is understood to have submitted an interim revival plan to the Directorate General of Civil Aviation (DGCA), seeking approval to

HCL Infosystems, ESi in pact for emergency management software

IT hardware maker HCL Infosystems on Monday partnered ESi Acquisitions to distribute the US-based firm’s crisis information management software (CIMS)

Smartphone to soon double up as car keys

Keep misplacing your car keys? Just wave your smartphone to unlock the door! Engineers at South Korean automobile major Hyundai have invented a new

Paramount Airways working on revival plan

With a British court awarding Rs 1,650 crore compensation in a law suit, the defunct Paramount Airways is working on a revival plan and talking to

Man who made the elephant dance

“Well, what’s new?”, asked the legendary J. R. D. Tata as Ratan Tata walked into his room on March 23, 1991, for his regular Monday meeting. “Nothing

Audacious, yet humble

Ratan Tata’s legacy goes much beyond the Tata Group; much beyond industry in general. It is a legacy on which New India needs to be built. Ratan Tata

‘Tata created new competencies’

Business historian, Gita Piramal on Ratan Tata’s legacy: What are Mr. Tata’s major contributions to the group? He created and embedded new

Sistema’s ties with India will continue

Cancellation of licence by court is a setback to our business in India, says Yevtushenkov

Maruti acquires 600 acres for future expansion in Gujarat

Maruti Suzuki India on Saturday said it has started spadework to set up its second facility in Gujarat with acquisition of another 600 acres, in

Sesa Goa buys remaining stake in Liberia project

Vedanta Group firm Sesa Goa on Friday said it had acquired the remaining 49 per cent stake in Liberia’s Western Clusters project for $33.5 million

IIFCL tax-free bond issue opens on Dec. 26

India Infrastructure Finance Company Limited (IIFCL), a public sector enterprise, is entering the market with a public issue of tax-free bonds to

Tea Board cancels 156 licences

The Tea Board of India, on Friday, cancelled the permanent licences of 156 tea exporters for non-performance. Many of the exporters were found to be

Cognizant to acquire 6 German cos

It expects annualised revenue of $100 m from C1 Group firms

Gulf Oil completes Houghton acquisition

Hinduja Group’s Gulf Oil Corporation Ltd. (GOCL), through a step-down subsidiary structure in the United Kingdom and the U.S., has completed the

FDI cap raised for asset reconstruction companies

The prohibition on investment by FII in ARCs will be removed

Obama vows to press ahead on fiscal cliff solution

President Barack Obama says he’ll press ahead with Congress to prevent across-the-board tax increases set to strike taxpayers Jan. 1 after Republican

GoAir’s new flights from Kolkata

GoAir has announced services from Kolkata to Ahmedabad, Bagdogra and Guwahati, with one-way fares ranging from Rs. 2,099 to Rs. 3,799 on advance

New Dreamliners for five routes

Minister asks AI to run it as a commercial entity

Vodafone seeks licence extension for 3 circles

Vodafone India on Thursday said it had sought extension of its licence period for Delhi, Mumbai and Kolkata circles, which were coming up for renewal

Lenovo launches ‘IdeaPad Yoga’

While the 13 inch IdeaPad costs Rs. 84,290, the 11 inch convertible is Rs. 61,790.

Darjeeling tea charity auction fetches Rs.3.8 lakh

The charity auction of Darjeeling tea evoked good response on Thursday with a total of Rs.3.8 lakh being raised in the process through the sale of 35

Sabeer Bhatia’s next, real estate software

Hotmail co-founder’s new venture is for commercial realty

Rajarhat SEZ to generate 16,500 jobs

The Information Technology Special Economic Zone (IT-SEZ) to be set up by Tata Consultancy Services (TCS) at Rajarhat in the north-eastern fringes of

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