Companies News - The Hindu- Page 19

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.

Other Articles

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Financial Times up for sale?

Century Seeds changes hands

Maruti chooses QlikView to improve operational efficiency

NTPC told to sign FSA before November 30 deadline

Hinduja owned Gulf Oil to acquire US-based Houghton International for $1.05 bn

Bharti Airtel Q2 net profit falls 29 %

AI employees to get salaries before Diwali

All Air India employees will get their salaries for September and October before Diwali (November 13) and the productivity-linked incentive (PLI) for

Sharp rise in Reliance Capital net

Reliance Capital has reported a consolidated net profit of Rs.401 crore for the second quarter ended September 30, 2012, as compared to Rs.33 crore in

Hindalco Q2 net drops 29 per cent

Hindalco reported a 29 per cent drop in its net profit for the second quarter of 2012-13 at Rs. 359 crore on lower revenues of Rs. 6,164 crore (Rs.

Tata Power consolidated loss narrows to Rs.84 cr

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

Air Arabia to expand operations in India

Air Arabia, an international airline from Sharjah, is seeking to operate flights to over 20 airports in India and has been lobbying for additional

Nokia, Idea tie up for content access

Nokia has entered into a partnership with Idea Cellular to make its Nokia Store and Nokia Music service accessible to Idea Cellular’s consumers and,

Volkswagen enters used car business

Commences foray with the introduction of 15 dealerships

SKS raises Rs.200 cr via securitisation

SKS Microfinance has announced microfinance securitisation of Rs.200 crore. The announcement comes in the light of issuance of revised securitisation

EGoM to decide price band for Nalco stake sale

The Empowered Group of Ministers on disinvestment, on Wednesday, will decide on the price band for offloading 12.5 per cent government equity in

Canara Bank profitability takes a hit

Hit by higher operating costs and mounting non-performing assets (NPA), Canara Bank, on Tuesday, reported a 22 per cent decline in net profit during

Central Bank’s Q2 net up 35 %

Central Bank of India has reported a net profit of Rs.330 crore for the second quarter ended September 30, 2012, up 35.25 per cent as compared to

Andhra Bank reports flat growth in Q2

Andhra Bank has reported a growth of 3.2 per cent in its net profit during the second quarter ended September 30, 2012, to Rs.326 crore from Rs.316.12

Mahindra Holidays buys 49 % stake in Infinity Hospitalities

Mahindra Holidays & Resorts India Ltd. (MHRIL), on Tuesday, said it had acquired 49 per cent stake in Infinity Hospitalities Group Company Ltd.

Union backs sacked workers of Maruti Manesar unit

The worker’s body of Maruti Suzuki India’s Gurgaon plant has thrown its weight behind the sacked colleagues of the Manesar unit who are going on a

Workers protest as Hyundai remains defiant

15 arrested while seeking reinstatement of employees dismissed four years ago

NPAs dent Vijaya Bank’s profitability

Higher provisioning for bad loans during the quarter ended September, 2012 dented the net profit of Vijaya Bank. The bank reported a net profit of

Madras Cements PAT at Rs. 133 cr

Madras Cements has reported a marginal increase in net profit at Rs.132.89 crore in the second quarter ended September 30, 2012, against Rs.123.01

Cipla Q2 net up 62 per cent

Cipla reported a 61.8 per cent rise in its net profit at Rs.500.01 crore for the quarter ended September, 2012, up from Rs.308.97 crore in the

Marginal rise in RPower’s second quarter profit

Reliance Power reported a net profit of Rs.240 crore for the second quarter ended September, 2012 against Rs.235 crore in the corresponding period of

Wheels India unveils aftermarket brand

Company is keen to give a reliable and branded product with warranty

5.1 % maiden interim from Max Life

Max Life Insurance, on Monday, announced its maiden interim dividend of 5.1 per cent for its shareholders. Max Life Insurance has decided to

Poor demand, rising costs pull down India Cements’ net profit

Poor demand, rising power cost and increase in freight charges have all combined to pull the PAT (profit after tax) of The India Cements Ltd. (ICL)

Inpex picks up 26% stake in KG Basin block of ONGC

Oil and Natural Gas Corporation (ONGC) has joined hands with Japan’s largest oil and gas company Inpex Corporation for development of its Krishna

CBI awaits AG’s advice in Airtel, Vodafone case

CBI is still awaiting advice of the Attorney General in the case of alleged irregularities in awarding extra spectrum to Airtel and Vodafone after

Spectrum auction: Tata Teleservices withdraws application

High cost of spectrum made Tata Teleservices to take this decision, says sources

TDSAT asks Govt to reduce Uninor bank guarantee by 50%

Telecom tribunal TDSAT has directed the government to reduce by 50 per cent the Rs 630 crore Financial Bank Guarantee (FBG) submitted by Uninor at the

Audit a contractual obligation; RIL will abide by it: Moily

Amidst a row over CAG audit of Reliance Industries’ KG-D6 gas field spendings, Petroleum Minister M Veerappa Moily on Monday said audit was a

We would love to charge less

In the two years that Neil Mills has been at the helm of SpiceJet as its CEO, he has seen it all. Cost pressures, cut-throat competition,

iPhone 5, a Veblen good in India

No matter the design, features, or price, the latest Apple iPhone has always been “ the new phone” to watch out for. Latest analyses have judged the

CBI files charge sheet against private airline

The CBI has filed a charge sheet in a Delhi court against Paramount Airways Private Ltd, former CMD of Oriental Insurance Co. Ltd and four others for

‘A mind at peace is good for health and business’

CII National Quality Summit concludes on a spiritual note

RIL welcomes CAG’s view on audit

Reliance Industries Ltd. (RIL), on Saturday, reiterated its stated position on CAG audit. In a statement, it said, ``RIL has at no time contested the

IL&FS receives LoI for UAE project

IL & FS Engineering Services, the construction and engineering arm of IL & FS, received a letter of intent from the company’s Prime Terminals

1:4 rights issue at Rs. 20 a share from City Union Bank

City Union Bank has finalised its plans to come out with a rights issue of equity shares. At a meeting of the board of directors held on Saturday, it

LMW to be headed by Sanjay Jayavarthanavelu

Sanjay Jayavarthanavelu, Managing Director of Lakshmi Machine Works (LMW), has been re- designated as the Chairman and Managing Director of the

Tube Investments’ second quarter profit down

Tube Investments of India reported a 9 per cent rise in its sales for the quarter ended September 30, 2012, at Rs. 925 crore against Rs. 846 crore for

Some striking employees have returned to work: Hyundai management

Carmaker Hyundai, whose factory near here is witnessing a strike since Tuesday by a section of the employees, said that there was a drop in the number

Our value lies in marrying the domain and processes

The CEO of the IT Business of Wipro, T. K. Kurien, and Senior Vice-President (Advanced Technologies), Shaji Farooq, give their perspective of

There is very real FDI interest: SpiceJet CEO

“At the moment we are talking to prospective girlfriends”

Ajuba Solutions opens new facility in Chennai

Plans to start business development office in the U.K.

Jet bringsdown loss

Rising airfares helped Jet Airways (India) bring down its losses in the second quarter of this financial year. The airline reported a net loss of

General Motors launches premium hatchback model Sail U-VA

General Motors India on Friday launched its premium hatchback Chevrolet Sail U-VA priced between Rs. 4.44 lakh and Rs 6.62 lakh (ex-showroom Delhi).

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