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Canara Bank Net Profits plunge by 40 Percent
Bengaluru, Aug 5: Canara Bank reported a net profit of Rs.478.84 crore for the first quarter of 2015-16 fiscal, a fall of 40.6 percent in profits compared with the first quarter of 2014-15.
According to the unaudited standalone quarterly…
Karbonn to invest Rs.800 crore in Manufacturing in 3 Years
New Delhi, Aug 5: Domestic handset manufacturer Karbonn Mobiles on Wednesday said it had earmarked Rs.800 crore for investment in manufacturing over the next three years.
"As part of the investment initiative, we have tied up with Water…
Maruti Suzuki launches Much-awaited S-CROSS at Rs.8.34 lakh
New Delhi, Aug 5: Automobile major Maruti Suzuki on Wednesday launched its first premium cross-over "S-CROSS" vehicle priced between Rs.8.34 lakh and Rs.13.74 lakh (ex-showroom Delhi).
“There is a segment of customers in India who want…
Had 40% Market Share in Smartphones in June: Samsung
Kolkata, Aug 4: Citing market research data, electronic goods major Samsung on Tuesday claimed its market share in the Indian smartphone space has crossed 40 percent during June this year.
"Our market-share (in the smartphone segment) has…
Honda introduces 5 New Motorcycles in Indian Market
New Delhi, Aug 4: Two-wheeler major Honda Motorcycle and Scooter India (HMSI) on Tuesday introduced five new motorcycles - CBR 650F, CB Hornet, LIVO and new CBR 250R and 150R, across various segments in the Indian market.
"Today, we…
BSE Sensex gains 165 Points in Early Trade
Mumbai, Aug 5: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 164.61 points or 0.59 percent up during the morning session.
The wider 50-scrip Nifty of the National Stock…
BSE Sensex closes 115 Points down; Nifty ends Flat
Mumbai, Aug 4: Investor sentiments were subdued after the central bank maintained status-quo on key lending rates, leading to a barometer index of the equity markets provisionally closing more than 115 points down on Tuesday.
The bearish…
SBI rules out Interest Rate cut in Near-Term: Arundhati
Mumbai, Aug 4: On the day the RBI kept interest rates unchanged, calling on commercial banks to relay onward benefits of earlier rate cuts, government-run State Bank of India (SBI) on Tuesday ruled out any interest rate cuts soon for its…
Reliance Group concludes Multiplex sale, Debt cut by Rs.700-crore
Mumbai, Aug 4: Reliance MediaWorks, a part of the Anil Ambani-led group, on Tuesday said it has concluded the sale of its multiplex business in a cash-cum-debt transfer deal, which will cut its parent company's liabilities by Rs.700 crore.…
Monetary Policy: RBI leaves Key Interest Rates unchanged
Mumbai, Aug 4: India's central bank kept its key interest rates unchanged during its monetary policy review on Tuesday, sticking to its stand that further cuts will depend on commercial banks passing on the previous reductions to borrowers,…