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Cairn India Q1 net falls 24 Percent with Crude Price drop
Oil major Cairn India on Tuesday reported a 24 percent drop in its net profit for the first quarter ended June caused by the drop in international crude oil prices.
The company's net profit during April-June at Rs.835 crore was lower than…
Union Cabinet approves interest subvention on Crop Loans
The union cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a scheme for interest subvention for public sector banks, private banks, cooperative banks, regional rural banks and NABARD for providing short-term crop loan…
Toshiba CEO Hisao Tanaka resigns over Accounting Scandal
Hisao Tanaka, chief executive officer and president of Japanese electronics giant Toshiba, resigned on Tuesday after the company was found to have overstated its profits for the past six years.
His predecessors Norio Sasaki and Atsutoshi…
BSE Sensex provisionally closes more than 230 Points down
Major first-quarter results and the start of the monsoon session of parliament subdued the Indian equity markets, with a barometer index provisionally closing more than 230 points down on Tuesday.
The benchmark index of the Indian equity…
Go online! E-stores a Shopping Haven for Youngsters
Craving for branded crop tops, skirts, dresses, tops, jumpsuits, shirts, shoes, bags, accessories and more to spruce up your wardrobe for college, but have limited pocket money? Online fashion stores are turning out to be a haven for…
BRICS Countries launch New Development Bank in Shanghai
The New Development Bank (NDB) of BRICS launched business in Shanghai on Tuesday. The BRICS countries include the world's major emerging economies: Brazil, Russia, India, China and South Africa.
Chinese Finance Minister Lou Jiwei, Shanghai…
Infosys retains 10-12 Percent Revenue Growth Forecast
Software major Infosys has maintained its annual revenue guidance, or expected rise in income, at 10-12 percent for this financial year -- or what it had projected in April. In dollar terms, though, the guidance has been revised upward by…
IMF appoints Maurice Obstfeld as New Chief Economist
Christine Lagarde, managing director of the International Monetary Fund (IMF), late Monday announced the appointment of Maurice Obstfeld as the IMF's economic counsellor and director of the research department.
Obstfeld succeeds Olivier…
BSE Sensex closes 43 Points down; Bank Stocks fall
Investors were anxious on the eve of parliament's monsoon session and the ongoing quarterly results season which dented sentiments and led a barometer index to close in the red on Monday.
The barometer 30-scrip sensitive index (Sensex) of…
India to log 236 mn Mobile Internet Users by 2016: IAMAI
India is projected to have 236 million mobile internet users by 2016, with the figure reaching 314 million by 2017, a report said here on Monday.
The country will have over 500 million internet users by 2017 as compared with over 350…