Business News

Last updated: Saturday, November 15, 2014 10:50:03 AM

BHEL Q1 net up 33 percent
New Delhi, July 21 (IANS) Bharat Heavy Electricals Ltd (BHEL), India's largest engineering and manufacturing enterprise in the infrastructure sector, announced Monday a 33 percent increase in its net profit in the first quarter of the current fiscal year over the comparable period of last year.

Monday, July 21, 2008 8:13:42 PM

Reddy group to source iron ore from Indonesia mines
Bangalore, July 21 (IANS) Mining and steel major Gala Janardhan Reddy (GJR) group has entered into a strategic alliance with PT Earthstone Resources of Indonesia to source iron ore from Sumatra mines for its greenfield integrated steel plant in Andhra Pradesh and export markets, said a top official here Monday.

Monday, July 21, 2008 8:13:25 PM

Sharp hike in bond yield lowers Canara Bank net
Bangalore, July 21 (IANS) Rising inflation and sharp increase in bond yield have lowered net profit of the state-run Canara Bank for the first quarter of the current fiscal by 49 percent year-on-year (YoY).

Monday, July 21, 2008 7:02:01 PM

Tech Mahindra net up 52 percent
Mumbai, July 21 (IANS)Tech Mahindra, one of the largest solution providers in the Indian telecom space, announced Monday a 52 percent growth in its profit after tax and 27 percent growth in revenue in the first quarter of the current fiscal over the comparable period of last fiscal.

Monday, July 21, 2008 7:01:13 PM

US adventure footwear brand hits Indian market
New Delhi, July 21 (IANS) The Indian footwear market, growing at an estimated 20 percent annually, has just made room for another reputed international brand.

Monday, July 21, 2008 6:54:44 PM

Indian Railways posts 18.04 percent Q1 revenue growth
New Delhi, July 21 (IANS) The Indian Railways earned a total revenue of Rs.195.49 billion in the first quarter of the current fiscal (April-June) as against Rs.165.61 billion in the comparable period of last year, representing a growth of 18.04 percent, a railways ministry statement said Monday.

Monday, July 21, 2008 6:52:53 PM

Bank asked to pay Rs.50,000 for not returning dishonoured cheque
New Delhi, July 21 (IANS) In an unprecedented order, a consumer court here Monday ruled that banks have to return a dishonoured cheque within 14 days to a person who has a savings account with it even if the consumer has a minimum balance in his account.

Monday, July 21, 2008 6:50:13 PM

Dr Reddy's posts 25 percent growth in first quarter
New Delhi, July 21 (IANS) Top Indian drug maker Dr Reddy's Laboratories earned a total revenue of Rs.15 billion ($350 million) and profit after tax (PAT) of Rs.1.3 billion ($31 million) in the first quarter of the current fiscal, the company said in a regulatory statement Monday.

Monday, July 21, 2008 6:47:48 PM

UCO Bank wants foreign tie-up in proposed subsidiary
Kolkata, July 21 (IANS) The city-based UCO Bank is scouting for a foreign partner in a financial services company it proposes to float shortly, a top official said here Monday.

Monday, July 21, 2008 6:47:22 PM

Malaysia woos Punjabi tourists with shopping extravaganza
Chandigarh, July 21 (IANS) Eyeing the rich Punjabi travellers, Tourism Malaysia Monday here announced its "Best of Malaysia - Mega Sale Travel Package".

Monday, July 21, 2008 6:45:17 PM

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