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India’s 7.3 Percent GDP Growth neck-and-neck with China’s
New Delhi, May 29 (IANS): India may have just fallen short of surpassing China as the fastest-growing emerging market economy in 2014-15, but its 7.3 percent growth is expected to have matched that of the Asian neighbour, according to…
MCL floats E-Tender to set-up 10 MT Capacity Coal Washery
Sambalpur, May 29: Mahanadi Coalfields Limited (MCL) today added another feather to its cap by floating the first e-tender ever to be done in the country for setting-up a Coal Washery of 10 million tonne capacity at MCL’s Lakhanpur area in…
BSE Sensex closes 329 Pts up; Nify ends at 8,433.65 Pts
Mumbai, May 29 (IANS): A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), provisionally closed on Friday with healthy gains during the day's trading.
It ended the day with gains of 329 points or…
Vodafone sells its 4 Percent Bharti Airtel Stake for $200 Million
New Delhi, May 29 (IANS): British telecom major Vodafone has sold its 4.2 percent stake in Bharti Airtel to Bharti Enterprises (Holding) for $200 million.
Vodafone said in a statement here that its decision to offload its stake in the…
Bosch net down 11.6 Percent at Rs.288 crore in Q4
Bengaluru, May 29 (IANS): The Indian subsidiary of German automotive major Bosch Ltd posted a net profit of Rs.288 crore for the fourth quarter of extended fiscal 2014-15, registering decline of 11 percent from Rs.326 crore in like period…
Japan’s Industrial Production grew 1 Percent in April
Tokyo, May 29 (IANS): Japan's industrial production rose one percent in April, the first increase in three months, Efe news agency reported.
However, the figures published on Friday by the ministry of economy, trade and industry, also…
BSE Sensex closes 66 Pts down; NSE ends at 8,319 Pts
Mumbai, May 28 (IANS): Disappointing results, May futures expiry and anxiety over policy rates cut led a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), to provisionally close 66 points or 0.24 percent…
Hindalco Q4 Net falls over 35 Percent to Rs.160 crore
New Delhi, May 28 (IANS): Aditya Birla-led aluminium makers Hindalco Industries on Thursday reported a 35.7 percent decline net profit for the fourth quarter ended March, caused by higher power, fuel and finance costs.
The company's net…
Bajaj Electricals posts Rs.46.90 crore Net Profit in Q4
Mumbai, May 28 (IANS): Bajaj Electricals posted a net profit of Rs.46.90 crore in the fourth quarter of 2014-15 against a loss of Rs. 10.65 crore in the corresponding timeframe in 2013-14. The net income from operations in the first three…
Tata Global Beverages’ Net Profit shrinks by 45.6 Percent
Kolkata, May 28 (IANS): Hit by adverse macroeconomic factors in Russia and Eastern Europe and delays in its operations in China, Tata Global Beverages' net profits fell by 45.6 percent during the 2014-15 fiscal at Rs.284.36 crore against…