Business News

Last updated: Saturday, August 01, 2015 9:38:02 PM

Idea Cellular net profit up 19.8 percent
New Delhi, Jan 22 (IANS) Telecom major Idea Cellular's net profit for the quarter ended Dec 31 zoomed 19.8 percent to Rs.2.84 billion (Rs.284 crore), compared to Rs.2.37 billion a year ago, an official statement said Thursday.

Thursday, January 22, 2009 6:41:44 PM

Ranbaxy posts Rs.6.8 bn losses in fourth quarter
New Delhi, Jan 22 (IANS) Leading drug maker Ranbaxy Laboratories Thursday reported a net loss after tax of Rs.6.8 billion for the quarter ended Dec 31, against a profit of Rs.1.88 billion during the like period the previous year,

Thursday, January 22, 2009 6:37:34 PM

Virgin Mobile launches 'New Thumb Rule' SMS offer
Bangalore, Jan 22 (IANS) Mobile service provider Virgin Mobile Thursday announced the India launch of 'New Thumb Rule', its latest SMS proposition that allows subscribers to send 100 national and 100 local SMSes free-of-cost daily after paying for the first three messages of each type.

Thursday, January 22, 2009 6:36:42 PM

TVS Motor posts net loss of over Rs.9 mn
Chennai, Jan 22 (IANS) Two-wheeler manufacturer TVS Motor Co posted a net loss of Rs.9.58 million (Rs.95.8 lakh) on sales of Rs.8.52 billion (Rs.852 crore) for the quarter ended Dec 31, it announced Thursday.

Thursday, January 22, 2009 6:20:01 PM

Reliance Industries net drops 8.75 percent in third quarter
Mumbai, Jan 22 (IANS) Reliance Industries Ltd, India's largest private company, Thursday reported a 8.75 percent drop in net profit for the quarter ended Dec 31, but managed to beat forecasts as analysts had expected a much steeper fall in the bottomline.

Thursday, January 22, 2009 6:05:04 PM

Reliance Power logs Rs.1.06 bn profit in third quarter
New Delhi, Jan 22 (IANS) Reliance Power, a part of the Anil Dhirubhai Ambani Group, Thursday reported a consolidated net profit of Rs.1.06 billion ($21.6 million) for the quarter ended Dec 31.

Thursday, January 22, 2009 5:58:39 PM

Satyam's Raju diverted Rs.74 bn for personal gain: Prosecutor
Hyderabad, Jan 22 (IANS) Disgraced Satyam Computer Services founder B. Ramalinga Raju and former chief financial officer Vadlamani Srinivas will remain in police custody till Friday evening, a court ruled Thursday, as prosecutors said Raju had diverted Rs.74 billion (Rs.7,400 crore/$1.48 billion) from his company for personal wealth.

Thursday, January 22, 2009 5:56:08 PM

Markets fail to build on firm opening
Mumbai, Jan 22 (IANS) Indian equities markets failed to build on their morning gains Thursday as a key index shed most of the day's gains in afternoon trade to close 0.39 percent higher than its previous close.

Thursday, January 22, 2009 5:27:10 PM

Less jobs created in IT, hospitality, financial services: Assocham
New Delhi, Jan 22 (IANS) Job creation dipped 38 percent in three critical sectors in the quarter ended December 31, 2008, an industry lobby report released Thursday said.

Thursday, January 22, 2009 4:36:42 PM

Raju diverted Rs.74 bn for personal gain: Prosecutor
Hyderabad, Jan 22 (IANS) Disgraced Satyam Computer Services founder B. Ramalinga Raju and former chief financial officer Vadlamani Srinivas will remain police custody till Friday evening, a court ruled Thursday, as prosecutors said Raju had diverted Rs.74 billion (Rs.7,400 crore/$1.48 billion) from his company for personal wealth.

Thursday, January 22, 2009 4:19:38 PM

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