Companies News - The Hindu- Page 16

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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No change in our base plan, says new MD of Ford India

Fuel efficient trucks from Leyland

Open offer for GSK Consumer

Promoters pledge UBHL shares

Bangalore firm to set up unit in airport city project

OVL set to enter Kashagan field

Air India eyes over Rs.2,500 crore from sale of Boeing 777s

After failing to find any lessor for its five Boeing 777s, the debt-laden Air India is now planning an outright sale of these aircraft to raise up to

CAG audit of RIL KG D6 hits another roadblock

The Comptroller and Auditor General (CAG) audit of KG-DWN-98/3, popularly known as KG D6, has once again hit a roadblock. The Mukesh Ambani-owned

Chitra Ramakrishna to be new CEO, MD of NSE

The National Stock Exchange (NSE) on Monday appointed Chitra Ramkrishna as Managing Director and CEO of the exchange with effect from April 1, 2013,

India outsourcing failure blamed for $2.3bn loss by UBS trader

Key controls for “detection of suspicious trading activity” failed at an India outsourcing unit, contributing to USD 2.3-billion loss caused by a

$2 b China Development Bank loan for Lanco Infra

Lanco Infratech has entered into an agreement with China Development Bank for a $2 billion (over Rs.11,000 crore) loan for its two power projects. In

Audi plans to start assembling of Q3 SUV in India

German luxury car maker Audi on Monday said it is looking to start assembling SUV Q3 in India at its Aurangabad plant. The car maker at present

Motorola Mobility shuts down India website

Motorola Mobility has shut down its India-specific product website as part of its global streamlining process. “We are streamlining our business and

India needs a new civil aviation strategy

Rolls-Royce is a world leader in manufacturing and support services for aircraft engines in the civil aerospace business, and also actively

LIC needs to have a policy for itself

Is the government taking Life Insurance Corporation of India’s (LIC) motto, Yogakshemam Vahamyaham, too seriously? The phrase attributed to Lord

Agonising wait of BHPV staff may end next year

The proposal is in advanced stage of consideration

RIL agrees to CAG scrutiny of expenses in KG-D6 gas block

Softening its stand on CAG audit, Reliance Industries has agreed to a scrutiny of its expenses in the flagging KG-D6 gas block by the official auditor

Yet to hear from Kingfisher: SBI chief

The airlines has not been servicing its Rs 7,000-crore working capital and long-term loans taken from 17 banks since January this year

No dilution of permission granted to Ikea: Mayaram

Swedish furniture major Ikea has already received the approval from the Department of Industrial Policy and Promotion (DIPP)

Volvo to launch new car in India by March-end

Luxury car major Volvo would launch its new car in Indian market by the end of March 2013, a top company official has said. The car ‘V40-Cross

Navratna status for RINL extended

The Government of India has approved extension of the ‘Navratna’ status of Rashtriya Ispat Nigam Limited, the corporate entity of the Visakhapatnam

Samsung launches Android-based camera

Samsung Electronics, on Friday, launched its first Android-based camera which would allow users to run applications in addition to shooting and

Siemens reports loss in Q4

Siemens has reported net loss of Rs. 55.7 crore in the fourth quarter ended September 30, 2012, as compared to net profit of Rs. 178 crore in the same

Apple iPad mini infringed patent, claims Samsung

Adds the iPad mini to a list of products it claims violate patents on radio signalling technologies

Tata Steel to shed 900 jobs in U.K.

Tata Steel has decided to axe 900 jobs at its British operations and close 12 sites, in what the company claims a restructuring move to improve

Four more coal blocks de-allocated

The Coal Ministry has decided to implement the findings of the Inter-Ministerial Group (IMG) and de-allocate four coal blocks given to 15 companies

Govt hopeful of achieving Rs 30,000 crore disinvestment target

Encouraged by the success of Hindustan Copper disinvestment, Finance Minister P. Chidambaram on Friday exuded confidence that the government would be

Hind Copper divestment sails through

Marking the inauguration of its Rs.30,000-crore disinvestment programme for the current fiscal, the government, on Friday, succeeded in offloading

Bharti Walmart suspends officials including CFO in the bribery allegations case

In the ongoing investigations by the US retail giant Walmart into the allegations of bribery and corruption, Bharti Walmart joint venture on Friday

AMD launches next generation chipsets

Global computer chip maker AMD, on Thursday, launched its next generation of chipsets offering faster processing, better graphics and affordable

BMW launches new version of X6

The vehicle is priced between Rs.78.9 lakh and Rs.93.4 lakh

REC plans to raise up to Rs.5,000 cr via tax-free bonds

Rural Electrification Corporation (REC) is planning to raise up to Rs.5,000 crore by selling tax-free bonds in the current fiscal. “...Company (REC)

iGATE moves with the time

The new model would involve billing only for successful transactions

U.S. firm invests in Tata Housing project

Tata Housing, a wholly-owned subsidiary of Tata Sons, on Thursday, announced an investment of Rs.240 crore by U.S.-based Portman Holdings into its

BMW launches new X6

German luxury car maker BMW on Thursday launched the new version of its crossover model X6 priced between Rs 78.9 lakh and Rs 93.4 lakh (ex-showroom,

SpiceJet to issue convertible bonds to promoter

SpiceJet will be raising additional funds through the issue of convertible debentures and / or warrants convertible up to a maximum of 52.177 million

New range of lighting solutions from Philips

With average prices of LED (light-emitting diode) lighting solutions dropping due to lesser manufacturing costs, Philips Electronics India Ltd. is

LIC, EPFO to fully subscribe to bond issue of Air India

Life Insurance Corporation of India (LIC) and the Employee Provident Fund Organisation (EPFO) have decided to fully subscribe to the Rs.7,400 crore

Car companies offer freebies to woo buyers

Dealers are reporting pile-up of stocks due to the slowdown

Centre to offload 4 % equity in Hind Copper on Friday

The Central Government will offload its 4 per cent share in Hindustan Copper Ltd. (HCL) on Friday, starting the Rs.30,000-crore disinvestment

OVL plans to raise $1 b via dollar bonds

ONGC Videsh Ltd. (OVL), the overseas arm of Oil & Natural Gas Corporation (ONGC), plans to raise about $1 billion through a dollar bonds issue

Honeywell Automation, Blue Dart parents to sell stakes

The promoters of Honeywell Automation India Ltd. and Blue Dart have decided to reduce their stakes in the respective companies to comply with the

Cap on investment by LIC raised to 30 %

The move goes against the policy norms of IRDA

Panel bats for aeronautics commission

A six-member committee on restructuring Hindustan Aeronautics Ltd seems to have made out a fresh case for an umbrella aeronautics body on the lines of

Reliance Life Insurance launches ‘face to face’ distribution channel

Anil Ambani owned Reliance Life Insurance on Wednesday announced the launch of `Face-to-Face’ distribution initiative to service its orphan customers

British Airways to expand flights network

British Airways on Wednesday announced that it will be expanding its flights network from Hyderabad and Chennai from summer 2013 to six flights

M&M open to more buys

Mahindra and Mahindra on Tuesday declared its readiness for acquisitions as opportunities presented themselves. The company also expressed confidence

Diageo makes open offer to buy USL shares

Diageo plc., maker of Johnnie Walker scotch whisky and Smirnoff vodka, has announced an open offer to acquire 26 per cent stake in United Spirits Ltd

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