Tata Motors has reported 9 per cent increase in global sales for last month to 94,201 units, including that of Jaguar Land Rover (JLR) vehicles. The company had sold 86,288 units in August 2016, Tata Motors said in a statement. In the passenger vehicles category, global sales stood at 58,858 units last month as against 56,104 units during the same period in 2016, a growth of 5per cent.<
Jet Airways on Tuesday reported a rise of 106.72 per cent in its net profit for the first quarter of 2017-18.
According to the company, its net profit rose to Rs 53.50 crore from Rs 25.88 crore reported for the corresponding quarter of 2016-17.
Jet Airways Chairman Naresh Goyal said: "Jet Airways took several focused measures to revitalise its business and realise great
State-run Indian Bank is in the process of appointing a merchant banker to initiate the process of diluting the government's holding, an official said on Tuesday.
To conform with SEBI regulations, the bank is required to bring down government holding to 75 per cent from 82 per cent by March 2019.
"We are in the process of appointing a merchant banker for the purpose
Emami Double Bull Cement, manufactured by Emami Cement Limited, targets taking up its market share to 10 per cent in all regions of its operations by March 2019.
The company aims to achieve the target with increased production capacity to 6 million tonnes per annum (MTPA) by 2018-19, said Vivek Chawla, CEO, Emami Cement Limited.
"Presently, there is 60 million tonnes of
Healthy macro-economic industrial production data, along with broadly positive Asian markets buoyed the key Indian equity indices -- the BSE Sensex and the NSE Nifty 50 -- during the mid-afternoon trade session on Wednesday.
According to market observers, brisk buying was witnessed in healthcare, banking and oil and gas stocks.
At 12.35 p.m. the wider 51-scrip Nifty50 of the
Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said that its construction arm has won orders worth Rs 2,525 crore across its various business segments.
"The construction arm of L&T has won orders worth Rs 2,525 crore across various business segments," the company said in a stock exchange filing.
L&T said its metallurgical
India's largest realty firm DLF said that it has received the environment clearance for its Rs 240 crore commercial project which is to come up in Patto village, Goa. The proposed commercial complex, to be constructed on a 18,120 square meter plot, would have eight small screen multiplexes for small gatherings and it will be the first of its kind in Goa.
The DLF's proposal was
National Buildings Construction Corporation India (NBCC) on Tuesday said it has been awarded contracts worth Rs 3,020 crores wherein it is working as project management consultant and will get consultancy fee on the project cost at 6.50 per cent and revenue booking from the projects will start from September, 2017.
“Redevelopment of ITPO Complex into Integrated Exhibition-Cum-Co
Investors' hopes for healthy macro-economic numbers, along with positive global cues on the back of easing geo-political tensions, lifted the key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- on Tuesday.
On provisional closing basis, the 30-scrip Sensitive Index (Sensex), gained 277 points or 0.87 per cent.
The wider 51-scrip Nifty of the National Stock
NTPC Ltd said that it will commence commercial operation at Unit 2 of 660 MW of Mouda Super Thermal Station, Stage-II (2 X 660 MW) with effect from 18.09.2017. “Unit#2 of 660 MW of Mouda Super Thermal Station, Stage-II (2 X 660 MW) will be declared on commercial operation w.e.f 00:00 Hrs of 18.09.2017,” the company said in a filing to the Bombay Stock Exchange. Further, Unit 1 of 66
India's fuel demand fell 6.1 percent in August compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 15.75 million tonnes in August, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday.
Sales of gasoline, or petrol, were 0.8 percent lower from a year earlier at 2.19 million tonnes.
Steel Exchange India said that it has received an approval for the voluntary delisting of company equity shares from Calcutta Stock Exchange (CSE). “The Board of Directors of the Company at its meeting held on September 11, 2017, inter alia, had approved the voluntary delisting of company equity shares from Calcutta Stock Exchange (CSE),” the company said in a filing to the Bombay S
JSW Steel has reported a marginal fall of 1 per cent in its crude steel production at 13.37 lakh tonnes for August. It had produced 13.52 lakh tonnes of crude steel in the same month a year ago and 12.78 lakh tonnes in July 2017. Production of flat-rolled products rose by 1 per cent to 9.79 lakh tonnes last month, from 9.71 lakh tonnes in August 2016, it said in a BSE filing.
Country's largest steel maker SAIL said that it will raise USD 350 million from overseas market. The company has entered into a pact with State Bank of India (SBI) for arranging the amount via external commercial borrowings (ECB). In a statement, SAIL said it would raise USD 350 million and the borrowing would have a tenure of seven years.
The money raised will be used by the stee
Although Samsungs flagship device Galaxy Note 7 witnessed a sad demise last year owing to exploding batteries, users in India still trust the brand and almost two-third of Note users say they would consider buying the new Note device.
According to a survey conducted by market research firm IPSOS, nine out of 10 Samsung Galaxy Note users in India said they were satisfied with their dev
NTPC Limited has said that 40 MW out of 50 MW of its Rojmal Wind Energy Project in Gujarat has been commissioned. With this, the total installed capacity of NTPC on standalone basis has become 44482 MW and that of NTPC group has become 51698 MW. “Further, we wish to inform that Unit#2 of 250 MW of Nabinagar Thermal Power Project (4 X 250 MW) of Bhartiya Rail Bijlee Company Ltd.
Crest Ventures Limited has said that it has acquired 76,686 Equity Shares held by Fuhse River Limited in Classic Mall Development Company Private Limited ('CMDCPL'), its Associate Company, at a consideration of Rs. 13,68,50,000. “Subsequent to the above acquisition, the equity shareholding of CVL (including the investment held by the wholly owned subsidiary) in CMDCPL has increase
Paytm Payments Bank (PPB) has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card, reported PTI. With the PPB Digital debit card, customers will now be able to transact at all merchants who accept credit and debit cards. The RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with PPB. Exi
E-commerce giant Amazon India on Monday said it has created over 22,000 seasonal job positions across its network in the country during the upcoming festive season.
According to the company, the additional positions have been created at its fulfillment centres, sorting centres, delivery stations and customer service sites in Mumbai, Delhi, Hyderabad, Chennai, Bengaluru, Ahmedaba
Airline major Jet Airways on Monday said that it plans to induct Harsh Mohan in its board as a nominee of its partner Etihad Airways.
"Harsh has gained wide aviation experience and financial acumen from his past associations in the aviation field and is currently the Chief Group Support Services Officer at Etihad Aviation Group," said Naresh Goyal, Chairman Jet Airways at th
Software major Infosys on Monday said it has completed the acquisition of the London-based digital studio Brilliant Bascis Holding Ltd for 7.5 million pounds (Rs.63 crore) in an all-cash deal.
"Through this acquisition, we expand our worldwide connected network of Digital Studios, which are focused on meeting the needs of global clients for digital transformation solutions to mee
Reliance Jio on Monday told the Indian telecom regulator that Bharti Airtel had made "purposeful endeavour to confuse" the Telecom Regulatory Authority of India (TRAI) regarding interconnection usage charges (IUC).
"Airtel has purposefully endeavoured to confuse the issue by adjusting this recovery against its IUC pay-out of around Rs 24,750 crore, which Airtel has alre
The key Indian equity indices on Tuesday afternoon was trading higher ahead of the macro-data scheduled later in the day.
The 30-scrip Sensitive Index (Sensex), was trading 157.97 points or 0.50 per cent higher soon after opening.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 47.85 points or 0.48 per cent higher at 10,053.90 points.
Tata Steel UK on Monday said it has separated itself and a number of affiliated companied from the British Steel Pension Scheme (BSPS), following the regulator's confirmation on its pensions deal. "Tata Steel UK has received confirmation from the Pensions Regulator that it has approved a Regulated Apportionment Arrangement (RAA) in respect of the British Steel Pension Scheme InterGlobe Aviation Ltd, the owner of IndiGo airlines, said its board had approved issuance of equity shares up to 33.6 million to qualified institutional buyers. The placement includes issue of fresh equity shares of up to 22.4 million and offer for sale of up to 11.2 million shares by promoters, including Rakesh Gangwal and Chinkerpoo Family Trust, InterGlobe said in a stock exchang
Tata Steel UK on Monday said it has separated itself and a number of affiliated companied from the British Steel Pension Scheme (BSPS), following the regulator's confirmation on its pensions deal.
"Tata Steel UK has received confirmation from the Pensions Regulator that it has approved a Regulated Apportionment Arrangement (RAA) in respect of the British Steel Pension Scheme
InterGlobe Aviation Ltd, the owner of IndiGo airlines, said its board had approved issuance of equity shares up to 33.6 million to qualified institutional buyers.
The placement includes issue of fresh equity shares of up to 22.4 million and offer for sale of up to 11.2 million shares by promoters, including Rakesh Gangwal and Chinkerpoo Family Trust, InterGlobe said in a stock exchang