Companies News - The Hindu- Page 15

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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Festive season, a mixed bag for auto units

Hyundai Motor India sales down 2.2% in November

Maruti Suzuki’s November sales jump 12%

India Yamaha Motor sales up 14% in November

HCL Tech inks multi-million dollar deal with U.S. firm

Ranbaxy stops production of generic Lipitor

Alstom T&D reports strong growth in orders

Alstom T&D India has reported a total income of Rs. 683 crore in the second quarter ended September 30, 2012 against Rs. 1,055 crore in the same

Bharti Infratel to enter capital market to raise Rs.4,500 cr

Bharti Infratel Ltd., the telecom tower business of Bharti Airtel, is entering the capital market on December 11 with an initial public offer (IPO) of

JLR drives into India a new Range Rover

Tata Motors-owned Jaguar Land Rover, on Friday, launched its all new version of sports utility vehicle Range Rover with price starting from Rs.1.72

Union Bank cuts home, education loan rates

Union Bank of India, on Friday, reduced education loan rates by up to 2 percentage points, and a category of home loans by 0.25 percentage points, as

Sahara moves SC against SAT order

The Sahara Group, on Friday, moved the Supreme Court against the order of the Securities Appellate Tribunal (SAT) dismissing its appeal against market

Shares of Cinemax,PVR hog limelight

Shares of PVR and Cinemax witnessed heavy buying on the bourses after the board of PVR approved the purchase of entire 69.27 per cent stake from the

Dalmia Cement buys additional stake in Calcom

Dalmia Bharat Enterprises has informed the Bombay Stock Exchange that its subsidiary company, Dalmia Cement (Bharat) Limited, has approved acquisition

Infosys to list its ADS on NYSE

Infosys on Friday announced that it will be transferring the listing of its American Depository Shares (ADS) to the New York Stock Exchange (NYSE)

CCI rejects complaint against DLF

The Competition Commission of India (CCI), on Friday, rejected a complaint filed by Chennai-based DGCOM Buyers and Owners Association alleging abuse

HSBC’s proposed takeover of RBS India assets falls through

A proposed acquisition by global banking giant HSBC of another UK-based bank RBS’ Indian retail and commercial banking business has failed to

Maruti may start work on Gujarat facility early next year

Maruti Suzuki Ltd (MSL) may start ground work for its proposed manufacturing facility in Gujarat by early next year, a top official of the country’s

Rural India, market of the future

Tata companies are positioning themselves to take advantage

Bangladesh unit of Emami starts trial run

FMCG company Emami has commenced trial production at its first greenfield overseas venture in Bangladesh. The unit is coming up at Ghazipur in Greater

MRF to pay Rs. 19 as final dividend

MRF could achieve improved performance for the year ended September 30, 2012, despite fluctuations in raw material prices, increase in power and fuel

Shares of Apollo Hospitals tumble

Apollo Hospitals Enterprise’s shares tumbled 7.95 per cent to Rs. 805.35 on Thursday, accompanied with huge volumes on the Bombay Stock Exchange (BSE)

Elgi Equipments buys U.S. firm

Elgi Equipments, which manufactures air-compressors and automotive equipment, is expanding its global presence. It has acquired Patton’s Inc. of the

Tata Motors closes Jamshedpur CV plant for 3 days

Tata Motors has closed its Jamshedpur commercial vehicle (CV) manufacturing plant for three days from November 29 to December 1. Earlier this month,

Reduction of KG basin reserves by RIL unconvincing: DGH

The Directorate-General of Hydrocarbons (DGH) has refused to endorse the revised field development plan of Reliance Industries Ltd. (RIL) for

SAT rejects Sahara appeal against SEBI

The Securities Appellate Tribunal (SAT), on Thursday, rejected an appeal by the Sahara Group companies — Sahara India Real Estate Corporation Limited

REC’s tax-free bond issue to open on Dec 3

Rural Electrification Corporation (REC), on Thursday, said its public issue of tax-free bonds aimed at raising up to Rs.4,500 crore would open for

MRF reports 58.3 per cent decline in Q4 net profit

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

Tribunal dismisses Sahara group appeal against Sebi

The Securities Appellate Tribunal on Thursday dismissed an appeal by two Sahara group firms against Sebi in the high-profile case involving refund of

Aakash maker dismisses made-in-China controversy

Amid controversy over parts of the Aakash tablet being made in China, CEO of its manufacturing firm said he is “proud” that certain components of the

Air India on course for a turnaround

Achieves a substantial increase in number of passengers in November

Sundaram Infotech deal with Australian firm

As part of its expansion in the Australian market, Sundaram Infotech Solutions, the IT subsidiary of Sundaram Finance, has announced that it has

TCS bags large contract from U.K. Home Office

Tata Consultancy Services (TCS) has won a contract from the Home Office of the United Kingdom government to manage the technology needs and support

Abu Dhabi-controlled TAQA buys BP North Sea assets

British Petroleum (BP) is selling its interests in some North Sea oil and gas fields to TAQA, a company controlled by Abu Dhabi Water and Electricity

Subsidising imports should not be at our cost: Coal India

Coal India Limited on Wednesday said it has no objection to supply of subsidised imported coal to a certain set of power generators under price

SBI to set up 600 more cash deposit machines

Buoyed up by the customer response to its cash deposit machines, State Bank of India (SBI) has placed orders to procure an additional 600 such

London Mayor mocks France for comments against Arcelor

Mocking the French Government for asking steel giant ArcelorMittal to leave France, London Mayor Boris Johnson, who is on a visit here, on Tuesday,

Emami to step up marketing spend

Emami Ltd. is planning to increase its marketing spend by 35 per cent to achieve a 20 per cent growth in sales of its winter-care brands. “We are

Tata Motors makes an entry into Bangladesh car market

Tata Motors has made a foray into the Bangladesh new car market by introducing two sedans and a hatchback. The company has introduced compact sedan

Essar Energy H1 loss at Rs.1,585 cr

“Crude oil price volatility had an impact of $200 m (Rs.1,120 crore) on inventory”

Cinemax in talks with PVR

The promoters of Cinemax India are engaged in exclusive discussions with PVR Limited for a potential sale of their shares in the company. However, no

Maldives terminates GMR airport contract

Maldives on Tuesday said its cabinet has recommended termination of a contract given to GMR Group for developing Male Airport, a project awarded to

RIL overtakes TCS to become most valued company

Reliance Industries on Tuesday became the country’s most valued company, pushing IT major TCS to second spot in the domestic market capitalisation

AI appoints global real estate consultant to monetise assets

Air India has appointed a global real estate consultant to undertake a study of its real estate holdings in India and abroad with an aim to raise

Gulf Air to connect three more Indian cities

Gulf Air on Tuesday announced its plans of covering three more cities — Pune, Ahmedabad and Amritsar — and deployment of new A 321 state-of-the-art

IOC plans refinery on West Coast

State-owned Indian Oil Corporation (IOC) on Tuesday plans to set up a Rs. 30,000-crore refinery on the West coast in Gujarat or Maharashtra, as a part

Intel launches new processor series

Computer chip maker Intel on Tuesday launched a new series of processors, Itanium 9500, which the company claimed is over two-times faster than its

Ericsson sues Samsung for patent infringement

Swedish wireless equipment maker LM Ericsson has filed a lawsuit in the United States against Samsung Electronics Co. for infringing its patents,

Volvo to launch ‘V40 Cross Country’ by March

Volvo Auto plans to launch its new car, “V40 Cross Country”, in India by the end of March 2013 . Tomas Ernberg, Managing Director of Volvo Auto India,

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