Companies News - The Hindu- Page 2

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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SAT to hear on Sahara group attachment on Tuesday

Almost 70 per cent workers waste time finds survey

TCS wins $43 million contract from Norway Post

Pepsi rolls out new shape for bottle

Groupon willing to look at inorganic growth in India

ONGC to revamp 48 aging platforms

Poor response to Dredging Corp tax-free bonds

Volatile market conditions had a severe impact on the tax-free bond offers of Dredging Corporation of India (DCI), Jawaharlal Nehru Port Trust and

Bharti Airtel scrip tanks over 4 %

Bharti Airtel scrip on Wednesday fell over 4 per cent as investor sentiment remained bearish after a Delhi court summoned as accused the company’s

Cotton Corporation plans to sell 15 lakh bales

The government should sell it to domestic market, says SIMA

Icelandic bank's top executives indicted

Kaupthing chief Einarsson among nine charged Icelandic banker Sigurdur “Siggi” Einarsson, who ran Kaupthing bank until its collapse five years ago, is among nine former senior staff who have been charged in Reykjavik with orchestrating five large-scale market manipulation conspiracies.

Elder Pharma, Kose form JV

Elder Pharmaceuticals, on Tuesday, said it had formed a joint venture with Japan’s Kose Corporation to manufacture and sell cosmetics in India. Kose

ONGC inks MoU for Mangalore terminal

Oil & Natural Gas Corporation (ONGC) and its partners, Mitsui of Japan and BPCL, have signed an agreement to conduct a feasibility study for

Jakson Power signs pact with BARC

Jakson Power Solutions, on Tuesday, announced that it had signed a technology transfer agreement with the Bhabha Atomic Research Centre (BARC) for

Microsoft to set up Indian sales subsidiary

Microsoft is preparing to finally open a sales subsidiary in India, after more than twenty years of coordinating its sales in the country through

Ericsson, ST split joint venture

Telecom equipment maker Ericsson and semiconductor manufacturer STMicroelectronics, on Monday, announced plans to close down their four-year old

Mahindra launches electric car, e2o

Mahindra and Mahindra, on Monday, launched its all-electric four-seater passenger car, the e2o, with price starting at Rs.5.96 lakh. The car is

SFIO finalising report into alleged fraud at Reebok

The Serious Fraud Investigation Officer is finalising its report into the alleged financial irregularities at sportswear maker Reebok India, a senior

‘22,000 firms not registered as NBFCs committing financial frauds’

Sachin Pilot asks Reserve Bank of India to act fast

RIL to give up 4,266 sq. km of KG-D6 block

Reliance Industries has offered to relinquish about 55 per cent of the 7,645 square kilometre KG-D6 block in Bay of Bengal, much less than the area

Mercedes to hike prices by up to Rs 58 lakh from April

Luxury car maker Mercedes-Benz India will hike the prices of its entire range that will translate into an increase of up to Rs 58 lakh on imported

RIL to invest $27 bn in next four years: report

Reliance Industries (RIL) plans to invest about $27 billion in next four years across its core oil and gas and petrochemical businesses as also new

Honda to hike car prices by up to 2 p.c.

Honda Cars India Ltd (HCIL) will increase prices of its vehicles across models by up to 2 per cent from April to offset cost of OBD (on-board

Clear all dues before seeking licence renewal: DGCA

Aviation regulator DGCA wants grounded Kingfisher Airlines to clear all dues, including pending salaries of employees, before taking up for

AirAsia gets govt. approval for name of Indian JV

Gearing up to launch services in India in partnership with Tatas, Malaysia-based low-cost airline AirAsia has got the Ministry of Corporate Affairs

Motorola Mobility not closing India operations

Google owned Motorola Mobility has said that although it has no plans to expand its offerings in the country at present, it will continue its India

Stake sale in RCF fetches Rs.310 crore

The Central Government on Friday succeeded in mopping up about Rs.310 crore from the sale of 12.5 per cent of its stake in Rashtriya Chemicals and

M&M Group Q3 net up 51 %

The Mahindra & Mahindra (M&M) Group on Monday announced a 51 per cent rise in its consolidated net profit for the third quarter of 2012-13 at

Natco Pharma wins cancer drug case

Bayer's plea dismissed by the Intellectual Property Appellate Board

Birla blasts Centre’s policy inconsistency

Aditya Birla Group Chairman Kumar Mangalam Birla, on Monday, complained of the country’s inconsistency and lack of transparency in business policies.

Tata Global Beverages partners cardamom growers from the South

Tata Global Beverages (TGB), on Wednesday, inked a marketing arrangement with the South Indian Green Cardamom Company (SIGCC) to sell cardamom and

BS Enviro picks up majority stake in Skywater

BS Enviro Solutions Ltd., a subsidiary of BS Limited, on Monday, announced its acquisition of a majority (51 per cent) stake in Harbinger Capital

Brand TCS is now valued at $5 b

Tata Consultancy Services (TCS), on Monday, announced that it added $1,179 million in brand value in 2012, growing 28.9 per cent and in the process,

Nasscom sets $300 billion target by 2020

The National Association of Software and Services Companies (Nasscom), the apex body of the Indian business process outsourcing and software services

Bharti to raise $500mn through overseas bond market

Telecom major Bharti Airtel on Monday hit the overseas bond market to raise a minimum of USD 500 million, said merchant banking sources who are

Harley to assemble 3 models in India; price slashed

The U.S.-based iconic cult bike maker Harley-Davidson on Monday said it will start assembling three more models in India that will result in slashing

Microsoft launches latest version of Office 365

Software giant Microsoft, on Monday, launched the latest version of its Office 365 solution for businesses in India, which will enable them to access

SAIL hikes product prices by up to Rs. 500/tonne

SAIL, the largest domestic steel maker, has increased the prices for its products by up to Rs. 500 per tonne for March, the company’s chairman C.S.

‘We will not sell under cost’

At a time when airlines are dumping millions of seats at heavily discounted fares to create demand, the Wadia group’s GoAir is still sticking to

Musings of a contrarian investor

In his annual letter, Buffett plays up newspapers

Germany wants Google to pay publishers for news extracts

The German Parliament passed a law, which will force search engines such as Google and other news aggregators, to pay royalties to publishers for

Budget clears ambiguity over definition of FII, FDI

A committee will be constituted to work out details expeditiously

Greater purchasing power, investor confidence need of the hour, says India Inc.

The industries call for improving tax structure and eschewing progressive taxation

SEBI cautions investors, public against dealings with Sahara

Close on the heels of ordering attachment of bank accounts, investments and all other assets of two Sahara group firms and their promoters, including

USIBC wants FDI limit in defence hiked to 74%

Pitches for opening up of the e-commerce sector

Apollo Munich set to break-even this year

Apollo Munich Health Insurance Co. Ltd., a joint venture between Apollo Hospitals Group and Munich Health, an arm of Munich Re, is set to break-even.

Isuzu Motors plans unit in the South

Isuzu Motors India plans to establish a factory in South India to make light commercial vehicles and sports utility vehicles. Deputy Managing Director

Daimler promises a new variant every month

We are here to create a permanent institution: CEO

CCI drops case against LMW

The Competition Commission of India (CCI) has closed the case against textile machine maker Lakshmi Machine Works (LMW) for alleged abuse of dominant

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