Business News

Last updated: Tuesday, September 23, 2014 10:48:04 PM

Edelweiss net up 52 percent in first quarter
Mumbai, July 11 (IANS) Investment banking major Edelweiss Capital Ltd has announced a consolidated net profit of $15.94 million (Rs.637.8 million) for the first quarter this fiscal, compared to $10.48 million (Rs.419.30 million) for the corresponding quarter the previous year, recording a growth of 52 percent.

Friday, July 11, 2008 6:52:46 PM

Bajaj Allianz targets Rs.1.2 bn premium from health cover
Kolkata, July 11 (IANS) Private life and health insurance player Bajaj Allianz Life Insurance is expecting a premium income of Rs.1.2 billion from health cover this fiscal, a senior company official said here Friday.

Friday, July 11, 2008 6:27:45 PM

IIT Madras signs pact with US firm
New Delhi, July 11 (IANS) Nuance Communications Inc. of the US Friday signed an agreement with Indian Institute of Technology (IIT) Madras's teNet Group to enter into a strategic relationship to develop various innovative applications.

Friday, July 11, 2008 6:27:20 PM

Weaker rupee causes Infosys losses worth Rs.800 mn
Bangalore, July 11 (IANS) Infosys Technologies Ltd incurred a loss of Rs.800 million in the volatile forex market due to 5.6 percent depreciation of the rupee during the first quarter this fiscal, a top company official admitted here Friday.

Friday, July 11, 2008 5:55:09 PM

Chandigarh's software exports rise 600 percent in three years
Chandigarh, July 11 (IANS) Software exports from the city grew 600 percent over the past three years to Rs.4 billion, a top official here said Friday.

Friday, July 11, 2008 5:53:12 PM

Rising inflation hit bourses hard
Mumbai, July 11 (IANS )The Indian equities market was bruised badly on the last day of the trading session of the week on the back of rising inflation and crude oil prices. Technology, oil, banking, power stocks were worst hit.

Friday, July 11, 2008 5:51:36 PM

Market closes 457 points down
Mumbai, July 11(IANS) The Indian equities market closed deep in red once again.

Friday, July 11, 2008 4:19:01 PM

India's institutional, business environment poor
New Delhi, July 11 (IANS) India's institutional and business environment is 'poor', according to the World Trade Indicators (WTI) 2008 released here Friday.

Friday, July 11, 2008 4:16:53 PM

Sintex shelves plans to manufacture garments
Ahmedabad, July 11 (IANS) Kalol-based plastic products manufacturer Sintex Industries Ltd has shelved plans to set up a garment manufacturing facility, company officials say.

Friday, July 11, 2008 3:57:53 PM

Go Air to cut another 300 flights
Mumbai, July 11 (IANS) Go Air, the Wadia Group-promoted low cost carrier (LCC) is likely to cut another 300 flights from August in the wake of sky-rocketing oil prices.

Friday, July 11, 2008 2:39:05 PM

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