Idea Cellular posts third straight loss amid price war

Idea Cellular Ltd, India's No. 3 telecoms firm, reported a third straight quarterly loss on Thursday, reeling in the wake of a price war wrought by upstart entrant Reliance Jio.

The company reported a net loss of 8.15 billion rupees ($127.13 million) for the three months ended June 30 after posting a profit of 2.20 billion a year earlier. (http://bit.ly/2u1iLpF )

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India`s falling trade deficit opens space to reduce gold import tax: government official

India's falling trade deficit is giving the world's second-biggest gold consumer room to lower its import duty on bullion, a commerce ministry official said on Thursday.

A reduction in import duty would make gold cheaper in the local market and could boost demand, supporting global prices now trading near their highest in six weeks. Spot gold prices are rebounding this month a

Suraj posts Quarterly result net profit of Rs 0.17 cr

Net revenue of the company declined marginally by 4.45 per cent at Rs 40.12 crore for the quarter ended June 30, 2017 as against Rs 41.99 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses dropped by 8.99 per cent to Rs 36.44 crore from Rs 40.04 in year ago period.

Other Income dipped by 86.67 per cent at Rs 0.02 crore versus (Jun'16 Rs 0.15 cr

ACGL Quarterly result net down 7.58% at Rs 5.85 cr

Automobile Corporation of Goa, engaged in the manufacture of components, sub-assemblies for various range of automobiles, on Thursday reported a 7.58 per cent decline in its standalone net profit at Rs 5.85 crore for the first quarter ended June 30, 2017, compared to net profit of Rs 6.33 crore in the previous year quarter. Net revenue of the company rose moderately by 14.01 per cent at Rs 128.

Mphasis Quarterly result net profit up 28.44% at Rs 164.80 cr

Mphasis, a Bangalore-based IT services company, on Thursday reported a 28.44 per cent growth in its standalone net profit at Rs 164.80 crore for the first quarter ended June 30, 2017, compared to net profit of Rs 128.31 crore in the previous year quarter. Net revenue of the company rose moderately by 10.18 per cent at Rs 785.99 crore for the quarter ended June 30, 2017 as against Rs 713.39 cror

Cholamandalam Investment logs Quarterly result net up by 25%

Non-banking finance company (NBFC) Cholamandalam Investment and Finance Company Limited on Thursday said it closed the first quarter with a growth of 25 per cent in its net profit.

The company in a statement issued here said it has logged a net profit of Rs 206.58 crore for the quarter ended June 30, 2017 -- up from Rs 165.73 crore posted during the corresponding period of the pr

Sensex flat; derivatives expiry weighs

Indian shares pared gains to end little changed on Thursday, after touching record highs earlier in the day, as investors turned cautious ahead of the expiry of futures and options contracts at the end of the session.

The broader NSE Nifty closed nearly unchanged at 10,020.55, after earlier rising as much as 0.94 percent to an all-time high.

The benchmark BSE Sensex was litt

Book Ola ride from Zomato app

Ride-hailing app Ola and food delivery platform Zomato on Thursday announced a partnership in which users will be able to book an Ola ride to the restaurant from the Zomato app.

Zomato will integrate Ola APIs into its app and enable easy access to customers looking for eating-out options.

"This partnership with Zomato brings increased convenience, seamless mob

Exide Industries Quarterly result net dips 3.59% at Rs 189 cr

Battery manufacturer Exide Industries today reported a 3.59 per cent decline in net profit at Rs 189 crore for the quarter ended June. It had posted a net profit of Rs 196.05 crore in the corresponding period a year ago, the company said in a filing to the Bombay Stock Exchange. Total income grew by 4.80 per cent to Rs 2,389.57 crore during the quarter under review as against Rs 2,279.93 crore

Dr Reddy`s Quartly result profit slumps on pricing pressures in U.S.

Dr. Reddy's Laboratories Ltd said its first-quarter profit more than halved from a year ago, as regulatory hurdles and pricing pressures in its biggest market, the United States, dragged on the drugmaker's earnings.

Export-driven Indian drugmakers have been working on making high-value complex generics to offset growing competition in the United States. But their ability to ne

Ganesh Benzoplas Quarterly Result net profit up 31.71% at Rs 6.77 cr

Net revenue of the company rose moderately by 7.39 per cent at Rs 36.05 crore for the quarter ended June 30, 2017 as against Rs 33.57 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 19.17 per cent to Rs 24.06 crore from Rs 20.19 in year ago period. Other Income dipped by 62.50 per cent at Rs 0.06 crore versus (Jun'16 Rs 0.16 crore).

Info Edge buys stake in Wishbook Info services

Info Edge, which runs online job portal Naukri.com, said that it has invested Rs 3.5 crore in Wishbook Infoservices through its wholly-owned subsidiary. "As part of the companys strategic investments, the acquisition (of stake) would help the company to diversify its presence into a new line of business within the Internet services industry," Info Edge said in a BSE filing.

Nintendo stocks rise 7% post Quarterly results

Nintendo stocks rose over 7 per cent at the Tokyo Stock Exchange on Thursday as investors welcomed the company's return to profit in the first quarter of the 2017 fiscal year.

Nintendo stocks closed 7.6 per cent higher on Thursday at 38,490 yen ($346), a day after the company posted better-than-expected results owing to the strong performance of its new Switch console and new

ONGC intensifies exploration of gas in Tripura

The state-owned ONGC has stepped up exploration activities in Tripura to unearth more gas to set up a fertilizer plant and to augment power generation, an official said.

"Currently total drilling rig strength has been increased to seven and one more rig will be deployed soon to step up the exploration of gas in Tripura," Oil and Natural Gas Corp's Executive Director

IDFC Bank first-quarter profit rises 65 percent; bad loans ratio falls

 IDFC Bank reported a 65 percent rise in quarterly profit on Thursday, helped by higher interest income and as the bad loans ratio fell from a year earlier.

Net profit rose to 4.38 billion rupees ($68.31 million) in its fiscal first quarter ended June 30 from 2.65 billion rupees a year earlier, the bank said.

Gross bad loans as a percentage of total loans rose to 4.13 p

RBI lifts restriction on foreign investment in Indraprastha Gas

The Reserve Bank (RBI) said that it has lifted restrictions on foreign investment in Indraprastha Gas Limited as the earlier limit has been enhanced by the company. The RBI said the company has passed necessary resolutions of its Board of Directors and General Body under Foreign Exchange Management Act (FEMA) to raise the foreign investment limit to 30 per cent, from 24 per cent earlier.

Axis Bank extends CEO Shikha Sharma's term by three years

 Axis Bank Ltd, India's seventh-biggest lender by assets, has re-appointed Shikha Sharma as its chief executive officer and managing director, putting to rest media speculation that she might be leaving the bank for another job.

Sharma's re-appointment is for a period of three years and is effective June 1, 2018, the bank said on Thursday. http://bit.ly/2eQ4ytL

Bharat Financial Inclusion Ltd operations return to normalcy with 99.9%

Bharat Financial Inclusion Limited’s operations return to normalcy with 99.9% collection efficiency for loans disbursed post Jan 1, 2017; cashless disbursals soar to 98% in June 2017

Mumbai, July 26, 2017: Bharat Financial Inclusion Limited (earlier ‘SKS Microfinance Limited’)’s operations have returned to norma

Businesses blindsided by unclear GST rules

NEW DELHI  - India's nationwide Goods and Services Tax (GST) was meant to unify the $2 trillion economy and make it easier for companies to transact across state borders. Nearly a month on, many are finding that doing business is more complicated than ever.

Ambiguous rules under the new, multi-rate sales tax that went into effect on July 1 have left firms con

Maruti Suzuki`s Quarterly Result net profit up by 4.4 per cent

Car major Maruti Suzuki India Ltd on Thursday said it closed the April-June quarter with 4.4 per cent increase in its net profit.

The company closed the first quarter of the current fiscal with a net profit of Rs 1,556.4 crore, up from Rs 1,490.9 crore registered in the corresponding period last year, an official statement here said.

The company's total income

Element leverages TCS`s experience to deliver Xcelerate™

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization has said that Element Fleet Management has leveraged TCS’s experience in Digital ReimaginationTM to deliver Xcelerate™, Element’s next-generation fleet management system, for its 2,800+ customers in the US, Canada and Mexico.

Element’s vision for the Xc

PNB ties up with Bajaj Allianz General for distribution

Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches, reported PTI. Under this agreement, Bajaj Allianz General Insurance will offer personal lines of insurance products such as health, personal accident, home, motor and travel along with commercial line of insurance products such as property, mar

With 2bn users, Facebook profits up 71% in Quarterly Result

Clocking over two billion monthly active users (MAUs), Facebook has posted a net income of $3.89 billion in second quarter of 2017 -- up 71 per cent from the same quarter last year.

Riding on increased mobile video ad sales, Facebook stocks hit record high as total revenue was up 44.8 per cent to $9.32 billion, the company said in a statement late Wednesday.

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HDFC net profit down by nearly 17% in Quarterly Result

The Housing Development Finance Corporation Ltd (HDFC) on Wednesday reported a 16.83 per cent fall in its standalone net profit to Rs 1,555.74 crore in the quarter ended June 30, as compared to Rs 1,870.73 crore in the year-ago period.

In a statement, the company said in the quarter ended June 30, 2016, the Corporation sold shares of HDFC ERGO General Insurance Company to ERGO In

Nifty50 crosses 10,100-mark, Sensex surges over 250 points Nifty50 crosses 10,100-mark, Sensex surges over 250 points

Creating yet another record on the domestic bourses, the NSE Nifty50 breached the 10,100-mark during the mid-afternoon trade session on Thursday.

At 12.21 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded higher by 79.65 points or 0.79 per cent at 10,100.30 points. 

The other benchmark index -- the BSE Sensex -- too, surged over 250 points.