Dalmia Bharat Q4 net zooms 94% at Rs 184 cr

Dalmia Bharat Ltd, manufacturer of Dalmia Cement has reported a steep jump of 94.16 per cent in its consolidated net profit at Rs 184.05 crore for the fourth quarter ended March. The company reported a net profit of Rs 94.79 crore in January-March a year-ago, Dalmia Bharat said in a BSE filing.

Total income during the quarter under review was at Rs 2,504.68 crore, up 15.29 per cent fr

Siemens India net flat in Q2

The Indian arm of German power distribution products maker Siemens Ltd on Wednesday reported Rs 186 crore net profit for its second quarter ending March 31, as against Rs 189 crore, registering flat year-on-year (YoY) growth.

In a regulatory filing on the BSE, the city-based company said sales revenue for the quarter under review (Q2) grew 24 per cent YoY to Rs 2,983 crore from R

Zee Entertainment's Q4 net profit up 42%

Zee Entertainment on Wednesday reported a substantial increase of 42 per cent in net profit for the quarter ended March 31.

According to a filing to the BSE, its net profit during the quarter rose to Rs 262 crore from Rs 184.39 crore reported for the corresponding period of 2015-16, while standalone total income grew 11.63 per cent to Rs 1,268 crore from Rs 1,135.85 crore reporte

Tata Motors` April global wholesales decline 9%

 Automobile major Tata Motors Group on Wednesday reported a decline of nine per cent in its global wholesales for April, including Jaguar Land Rover (JLR).

According to the company, its global wholesales including that of JLR for last month decreased to 73,691 units.

"Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in A

HCL Technologies fourth quarter consolidated profit jumps 28 percent, beats estimates

HCL Technologies Ltd , India's fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated fourth-quarter profit, as it added more clients in the quarter and revenue from software services rose.

Consolidated profit rose to 24.75 billion rupees ($383.57 million) for the quarter ended March 31, from 19.39 billion rupees a year earlier, the

Key Indian equity market indices open higher

Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.

The Sensitive Index (Sensex) of the BSE, which had closed at 30,248.17 points on Wednesday, opened higher at 30,309.71 points. Minutes into trading, it was quoting at 30,311.95 points, up by 63.78 points, or 0.21 per cent.

At the National Stock Exchange (NSE), the broader 51-scr

Tata Chemicals to acquire silica operation

 Tata Chemicals on Wednesday said it has signed a business transfer agreement with specialty inorganic materials producer Unnati Inorganics to acquire its undertaking of precipitated silica operation.

"Tata Chemicals Ltd has signed a business transfer agreement with Unnati lnorganics Pvt Ltd to acquire their undertaking of precipitated silica operation, on a slump sale

Hero MotoCorp fourth-quarter profit falls, misses estimates

India's Hero MotoCorp Ltd on Wednesday reported a 14 percent fall in its March-quarter net profit as a cash crunch following the government's ban on high-value currency notes hurt sales volume.

The world's largest two-wheeler maker posted a net profit of 7.18 billion rupees ($111.23 million), compared with 8.33 billion rupees a year earlier, while total income fell about 8

Petronet LNG Q4 profit nearly doubles to Rs 470.79 cr

Country's biggest liquefied natural gas importer Petronet LNG Ltd has reported its highest quarterly profit in fourth quarter of FY 17. Its standalone net profit after taxes (PAT) jumped 91.9 per cent to Rs 470.79 crore, as it raised terminal charges and processed more gas

. “The standalone net profit of the company stood at Rs 245.31 crore during the same period a year ago,

Alembic Pharma Q4 cons net up 4.4% at Rs 95.33 cr

Drug maker Alembic Pharmaceuticals on Wednesday reported a growth of 4.43 per cent in its consolidated net profit at Rs 95.33 crore in the fourth quarter ended March 31, 2017.

“The Vadodara-headquartered company had posted consolidated net profit of Rs 91.28 crore during the same period last year,” said Alembic Pharmaceuticals in a filing to the Bombay Stock Exchange.

Kirloskar Oil Engines Q4 net up 24% at Rs 44.22 cr

Kirloskar Oil Engines, the flagship company of the Kirloskar group, on Wednesday reported a 24.26 per cent decline in its standalone net profit at Rs 44.22 crore in the fourth quarter ended March 31, 2017.

“The company had posted standalone net profit of Rs 58.39 crore during the same period last year,” said Kirloskar Oil Engines in a filing to the Bombay Stock Exchange. T

Capital First Q4 net zooms 56% at Rs 69.23 cr

Financial services firm Capital First on Wednesday reported a 56.24 per cent growth in its standalone net profit at Rs 69.23 crore in the fourth quarter ended March 31, 2017. “The company had posted standalone net profit of Rs 44.31 crore during the same period last year,” said Capital First in a filing to the Bombay Stock Exchange.

The standalone total income of company r

Tata Motors global sales fall 4% in April

Auto major Tata Motors on Wednesday said that its global wholesales in April 2017, including Jaguar Land Rover, dipped 4 per cent year-on-year to 73,691 units. “Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in April, 2017 were at 18,844 units, lower by 36 per cent, over April 2016,” said Tata Motors in a filing to the Bombay Stock Exchange. Th

Monsoon forecast lifts Sensex, Nifty to new highs

 Key Indian equity indices -- the BSE Sensex and the NSE Nifty -- provisionally closed at new highs on Wednesday, as the government's weather forecaster predicted healthy monsoon rains.

The boost in market sentiments came after the India Meteorological Department (IMD) forecast an average monsoon with 100 per cent rainfall for 2017 from an earlier prediction of 96 per cent.

IndiGo's Q4 net profit down 25%

Budget passenger carrier IndiGo on Tuesday reported a decline of 24.6 per cent in net profit for the quarter ended March 31.

According to the airline, the net profit during the quarter fell to Rs 440.30 crore from Rs 583.78 crore reported for the corresponding period of 2015-16.

"For the last quarter, despite a 38 per cent year over year increase in fuel price

Markets open on a higher note on Wednesday

By Samantha Kareen Nair

Indian shares hit a record high on Wednesday as shares of consumer goods and agriculture-dependent companies rallied after the country's weather office forecast a higher monsoon rainfall than previously expected.

The broader NSE Nifty rose as much as 0.81 percent to a record high of 9,392.50, surpassing its previous milestone recorded on May 5.

SpiceJet to begin Kolkata-Surat flight on July 1

 Budget passenger carrier SpiceJet on Tuesday said that it will launch daily direct flight service between Kolkata and Surat.

According to the airline, the direct flights will be effective from July 1, 2017. 

"The schedule will be operational for the period 1st July 2017 to 31st August 2017," the airline said in a statement. 

India facing higher monsoon rains than forecast - IMD chief

NEW DELHI  India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the weather office said on Tuesday, raising prospects of higher farm and economic growth.

The state-run India Meteorological Department on April 18 forecast this year's monsoon rains at 96 percent of t

UCO Bank plans to raise Rs 75 cr capital

 State-run UCO Bank on Tuesday said it is planning to issue 75 crore equity shares during the current financial year in one or more tranches.

The bank's board in its meeting scheduled for Friday will consider the proposal of raising equity capital.

"The Board of Directors of our bank at its meeting scheduled to be held on May 12, 2017, will, inter alia, conside

RBI begins 'corrective action' for IDBI Bank over bad loans

MUMBAI   The Reserve Bank of India (RBI) has initiated "prompt corrective action" for state-run IDBI Bank over its high bad loans and negative return on assets, the lender said on Tuesday.

IDBI, in a filing to the stock exchanges, said the action "will not have any material impact" on its performance and expected it to help improve its interna

Godrej Consumer's Q4 consolidated net profit zooms 212%

The Godrej Consumer Products on Tuesday said its consolidated net profit for the fourth quarter (Q4) ended March 31, 2017 shot up by 212.33 per cent to Rs 389.91 crore.

According to the company, its net profit for the period stood at Rs 389.91 crore from Rs 124.84 crore reported during the corresponding period of last financial year.

The total income from operations of the c

Bharti Airtel posts smallest quarterly profit in four years on competition

By Sankalp Phartiyal

MUMBAI   Bharti Airtel, India's largest mobile telecoms network operator, reported its smallest quarterly profit in more than four years on Tuesday, as free services offered by upstart rival Jio sparked a price war which has eroded sales and margins.

The results highlight the turmoil in the world's second-biggest cellphone m

Vijaya Bank net Q4 profit zooms in FY 2016-17

State-run Vijaya Bank on Tuesday reported a net profit of Rs 204 crore for the fourth quarter of the financial year 2016-17, registering a whopping 187 per cent year-on-year (YoY) jump from Rs 71 crore in the like period a year ago.

In a regulatory filing in the BSE, the city-based bank said net profit for the fiscal 2016-17 shot up 97 per cent YoY to Rs 751 crore from Rs 382 crore in

IndiGo to fly to smaller cities in strategy shift

By Aditi Shah

MUMBAI   Indian airline IndiGo said it plans to start flying smaller planes to second-tier towns and cities later this year, in a shift in strategy for the carrier that has prided itself on the simplicity of running only one type of jet.

IndiGo, which has a fleet of 131 Airbus A320 aircraft, said on Tuesday it has placed a provisional

India to produce record food grains in 2016/17

NEW DELHI   India is likely to produce a record 273.38 million tonnes of food grains 2016/17, slightly higher than the previous estimate of 271.98 million tonnes, farm ministry said in a statement, as ample monsoon rains boosted crop yields.

The south Asian nation is likely to produce a record 97.44 million tonnes of wheat, higher than a previous forecast of