Companies News - The Hindu- Page 5

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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Calcutta HC orders winding up of Dunlop India

Vedanta Resources Q3 revenue up 7 pc at $3.5 bn

Jet-Etihad deal gets ministerial push

‘Vodafone issue will be resolved shortly’

LG Electronics sinks to loss

Toyota recalls vehicles for faulty air bags, wipers

Circor opens facility in Coimbatore

Circor Flow Technologies India Private Limited, a wholly-owned subsidiary of Circor International, has opened a manufacturing facility in Coimbatore

Samsung to grow share in AC pie

Samsung Electronics is looking at 50 per cent growth in market share for its air-conditioners (ACs) by the end of 2013, even as the company focuses

Oil India stake sale on Feb 1

The Central Government will offload its 10 per cent equity in Oil India Ltd (OIL) on Friday. The decision was taken at a meeting of the Empowered

Marginal rise in IOB’s profit

Indian Overseas Bank has reported a 7.60 per cent rise in its net profit at Rs. 116.50 crore in the third quarter ended December 31, 2012, against Rs.

AI to hive off ground handling, MRO units

Air India has announced plans to hive off its ground handling and maintenance, repair and overhaul (MRO) subsidiaries with effect from February 1 to

I-T officials submit report on Nokia

Income Tax officials have sent an interim report on the tax evasion charge against cellular phone manufacturer Nokia India to the department’s

Philips to sell lifestyle entertainment biz

Royal Philips Electronics has signed an agreement with Japan’s Funai Electric to sell its audio, video, multi-media and accessories businesses for 150

Vodafone-DoT collision course could jeopardise 2G spectrum auctions

Vodafone calls auctions illegal, discriminatory; DoT under SC directions, plans to proceed regardless

Trivitron acquires ETA Star Healthcare

Medical equipment maker Trivitron Healthcare has announced reinforced foray into the Middle East market by converting an existing joint venture with

Oil company facing protests in Bardhaman meets Partha Chatterjee

Senior officials of Essar Exploration and Production Ltd, whose employees are facing protests by locals over a land dispute in the State’s Bardhaman

SpiceJet launches flights to Guangzhou in South China

The city is home to one of the biggest Indian expatriate communities

Idea Cellular Q3 net up 14 %

Idea Cellular, a part of the Aditya Birla group, has reported a 14 per cent growth in consolidated net profit at Rs.229 crore for the third quarter

L&T Finance net up on one-time gain

L&T Finance Holdings has reported 215 per cent growth in consolidated profit after tax at Rs. 294.6 crore for the quarter ended December 31, 2012,

SBM to raise funds via private placement

State Bank of Mysore is to raise Rs.70-80 crore by way of private placement of equity to mutual funds, insurance companies and other bodies approved

Sterlite net profit up 30 % at Rs.1,191 crore

Vedanta group firm Sterlite Industries, on Tuesday, reported over 30 per cent growth in consolidated net profit at Rs.1,191.41 crore for the quarter

Move to expand LPG network on hold

The state-owned oil marketing companies have put on hold an ambitious proposal to expand their cooking gas marketing network by appointing 7,000 new

GMR synchronises Kamalanga Thermal plant

The GMR Group said it has synchronised the first unit of its 1050 mega watt (MW) coal-fired power plant at Kamalanga village in Orissa with the

Air India puts up Dreamliners for sale, leaseback

With the probe into incidents involving B-787 Dreamliners likely to take some more time to be wrapped up, Air India has decided to put up for sale and

India to review delays in POSCO project

POSCO is also in discussion with SAIL for a 3 m tonne capacity steel plant in Jharkhand

TCS Chennai duo win Cerebration 2013 quiz

‘The biggest game-changers in crunch quizzing situations are memory recall and, of course, luck’

ING Vysya Bank profit up 36 %

ING Vysya Bank on Monday reported a net profit of Rs.162 crore in the third quarter ending December 2012, an increase of 36 per cent over the previous

NLC posts good show in Q3

Neyveli Lignite Corporation has registered 8.95 per cent growth in lignite production in the third quarter ended December 31, 2012, at 56.01 lakh

No selling stake to overseas carriers, says GoAir CEO

Low-cost flier Go Airlines (India) is not interested in selling its equity stake to foreign capital just for accessing funds. It is also not

Sundaram Finance deposit base crosses Rs. 1,400 crore

Sundaram Finance has announced that it has crossed the Rs. 1,400 crore mark in respect of deposits to reach Rs. 1,412 crore as on December 31, 2012.

LMW net profit declines

Though there were signs of improvement during recent months, it would take time for the spinning mills to decide on investments.

GSK forms JV with Biological E

The joint venture would bear the costs of the candidate vaccine that was expected to enter Phase-I development in two years.

Etihad delegation to meet Sharma over possible Jet stake sale

A delegation of the Abu Dhabi-based carrier Etihad Airways, which is expected to buy stake in Jet Airways, will meet Commerce and Industry Minister

Trouble at Jet Airways

Trouble is now brewing at Jet Airways, with over 700 technicians quietly protesting against “extreme work conditions”. These technicians, stationed

Panel formed to examine applications for CIL restructuring

The Coal Ministry has formed a panel to examine the applications received for appointing consultants for restructuring of the Coal India (CIL). The

Adani Ports: Quarterly earnings up

Adani Ports and SEZ Ltd. today reported a 12.52 per cent growth in consolidated net profit at Rs 361.09 crore for the third quarter ended December 31,

Won’t go by Kingfisher’s “empty promises“: AAI

Spelling fresh trouble for beleaguered Kingfisher Airlines, the Airports Authority of India (AAI) has said it will not go by the “empty promises” of

JSW Steel net drops 19 per cent

Restricted supply of iron ore and high input prices saw JSW Steel report a 19 per cent drop in its net profit for the third quarter of 2012-13 at Rs.

LG Electronics India eyes 20 pc revenue growth in 2013

Consumer durables major LG Electronics India on Monday said it expects revenues to grow by 20 per cent in 2013, riding on robust performance by its

OVL gets partners’ nod for Kashagan stake buy

ONGC Videsh Ltd. (OVL), which trumped a strong bid by arch-rival China National Petroleum Corp to bag a stake in Kazakhstan’s giant Kashagan oilfield,

India to review delays in the $12 billion POSCO project

India on Monday told South Korea that it would review the delays that had kept hanging the implementation of the $12 billion POSCO project, the

RIL goes for overseas funds

Reliance Industries, which is sitting on over Rs. 75,000 crore in surplus cash, on Monday launched issue of bonds in Hong Kong and Singapore markets

Hinduja group acquires Belgium media firm

Expanding its presence in Europe, UK-based global conglomerate Hinduja group has signed a deal to acquire Belgian media company Alfacam, which

UN group okays new video format to save bandwidth

U.N. telecommunications agency said its members had agreed upon a new compression format that could dramatically cut the amount of Internet bandwidth

Tension-free Ratan Tata sweet-tweets

“The first few weeks of life after retirement have been wonderfully pleasant. There has been more time to be at home, play with my dogs and catch upon

Grundfos to expand

Grundfos Pumps India, a wholly-owned subsidiary of the Denmark-based Grundfos Holding A/s, is planning to expand its operations by setting up an

SBI to open second branch in China

To cater to the growing trade with India

Godrej Consumer to divest food biz in Indonesia

Godrej Consumer Products Ltd. (GCPL), on Friday, said it had inked a pact with private equity firm Creador to divest its non-core food business in

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