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India’s Medical Device Industry can grow to $7.7 bn by 2016
The US-India Business Council (USIBC) Medical Device Trade Mission is "excited about the opportunities in India" from Prime Minister Modi's "Make in India, Innovate in India" initiatives and expects the sector to grow to $7.7 billion by…
Reliance Industries’ Net Profit up 4.4 Percent in First Quarter
Reliance Industries on Friday reported a net profit of Rs.6,222 crore (around $1billion) for the first quarter of the current financial year, which was up 4.4 percent over Rs.5,957 crore in the like quarter of last year.
But the company's…
Gold Price in India falls further to Rs.2,344 per Gram
Gold prices slid from Rs.2,380 to Rs.2,344 per gram on Friday, spurring sales of gold jewellery, said industry officials. A further fall in price is likely.
"Jewellery shops in southern Tamil Nadu are reporting brisk sales. According to…
BSE Sensex provisionally closes 247 Points down
A benchmark index of Indian equity markets, the 30-scrip Sensitive Index (Sensex), on Friday provisionally closed 247 points or 0.87 percent down. The wider 50-scrip Nifty of the National Stock Exchange (NSE) fell by 63.20 points or 0.74…
TVS Motor Net Profit up by 24 Percent in First Quarter
Two- and three-wheeler maker TVS Motor Company Ltd. on Friday said it closed the first quarter with a 24.8 percent growth in net profit.
In a statement, the company said it earned a total revenue of Rs.2,621.23 crore for the quarter ended…
Axis Bank Net Profit up by 19 Percent at Rs 1978 crore
Axis Bank on Friday said it closed the first quarter of the current fiscal with 19 percent growth in its net profit.
In a statement, the bank said it posted a net profit of Rs.1,978 crore for the quarter ended June 30, 2015, up from…
Bharti Airtel rolls out 4G Trial in 4 Cities in Odisha, Karantaka
Bharti Airtel rolled out fourth generation (4G) trials in four cities on Friday, a company statement said in New Delhi.
The cities are Rourkela in Odisha and Manipal, Udupi and Tumkur in Karnataka. With these launches, the company now…
Vodafone India starts 4G Trial Services at Selected Areas
Vodafone India has started fourth generation (4G) network trials in selected areas, the company said in New Delhi on Friday.
"We are now trialling 4G services across selected areas," the company said.
In India, Bharti Airtel has been…
Parliament logjam subdues sentiments; BSE Sensex down 134 Pts
The logjam in parliament and anxiety surrounding a rate hike in the US subdued the Indian equity markets on Thursday, with a barometer index closing the day's trade in the red.
A day after it gained 323 points, the 30-scrip sensitive index…
Textile Export target for 2015-16 up 14 Percent: Minister
The export target of textiles for the current financial year (2015-16) has been fixed at $47.5 billion, up 14 percent from 2014-15, parliament was told on Thursday.
"The export target for the current year has been fixed at $47.5 billion…