Airtel acquires strategic stake in Juggernaut Books

Bharti Airtel, one of Indias largest telecommunications service providers, announced on Monday that it has acquired a strategic stake in Juggernaut Books, a popular digital platform to discover and read high quality, affordable books and to submit amateur writing.

The investment is in line with Airtel's endeavour to build an open content ecosystem and bring world-class digital con

Want to upgrade Royal Enfield community with new 650 cc twins: Eicher CEO

Royal Enfield, known for its iconic 350 cc Bullet, is now all set to upgrade to the next level of performance bikes -- Interceptor and Continental GT -- both powered by 650 cc twin engines. And the company wants country's market for high-power motor cycles to grow.

In a candid interview with IANS here, Siddhartha Lal, the CEO and Managing Director of Eicher Motors, the mother comp

VMS Industries Q2 net profit down 31.34% at Rs 0.46 cr

The company reported standalone net profit of Rs 0.46 crore for the quarter ended September 30, 2017 as compared to Rs 0.67 crore in the same period last year, registering a year-on-year decline of 31.34 per cent. Net revenue of the company declined substantially by 36.75 per cent at Rs 27.73 crore in July-September quarter of this fiscal as against Rs 43.84 crore in the corresponding period la

The Hi-Tech Gears Q2 net profit jumps 57.86% at Rs 9.14 cr

The company reported standalone net profit of Rs 9.14 crore for the quarter ended September 30, 2017 as compared to Rs 5.79 crore in the same period last year, registering a year-on-year growth of 57.86 per cent. Net revenue of the company rose moderately by 13.53 per cent at Rs 133.29 crore in July-September quarter of this fiscal as against Rs 117.41 crore in the corresponding period last yea

Chembond Chemicals Q2 net profit zooms 134.26% at Rs 2.53 cr

The company reported standalone net profit of Rs 2.53 crore for the quarter ended September 30, 2017 as compared to Rs 1.08 crore in the same period last year, registering a year-on-year growth of 134.26 per cent. Net revenue of the company declined marginally by 2.74 per cent at Rs 53.90 crore in July-September quarter of this fiscal as against Rs 55.42 crore in the corresponding period last y

Maggi compliant with latest FSSAI norms, no ash added: Nestle

FMCG major Nestle India said today that Maggi complied with the latest guidelines of food safety regulator FSSAI and it does not add any ash to its popular noodles. District administration of Shahjahanpur, UP, had slapped a fine on Nestle India and its distributors last week after Maggi had allegedly failed to pass the lab test and found ash content above the permissible limits for human consum

Atul Auto Ltd Q2 net profit up 22.88% at Rs 16.97 cr

The company reported standalone net profit of Rs 16.97 crore for the quarter ended September 30, 2017 as compared to Rs 13.81 crore in the same period last year, registering a year-on-year growth of 22.88 per cent. Net revenue of the company rose moderately by 11.35 per cent at Rs 158.90 crore in July-September quarter of this fiscal as against Rs 142.70 crore in the corresponding period last y

Rico Auto Inds. Q2 net profit down 7.22% at Rs 12.59 cr

The company reported standalone net profit of Rs 12.59 crore for the quarter ended September 30, 2017 as compared to Rs 13.57 crore in the same period last year, registering a year-on-year decline of 7.22 per cent. Net revenue of the company rose moderately by 12.73 per cent at Rs 270.68 crore in July-September quarter of this fiscal as against Rs 240.12 crore in the corresponding period last y

Bengal Tea & Fabrics Q2 net profit down 94.35% at Rs 0.10 cr

The company reported standalone net profit of Rs 0.10 crore for the quarter ended September 30, 2017 as compared to Rs 1.77 crore in the same period last year, registering a year-on-year decline of 94.35 per cent. Net revenue of the company declined substantially by 33.28 per cent at Rs 34.61 crore in July-September quarter of this fiscal as against Rs 51.87 crore in the corresponding period la

Eon Electric Q2 net profit down 71.43% at Rs 0.26 cr

The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2017 as compared to Rs 0.91 crore in the same period last year, registering a year-on-year decline of 71.43 per cent. Net revenue of the company declined moderately by 8.06 per cent at Rs 39.48 crore in July-September quarter of this fiscal as against Rs 42.94 crore in the corresponding period last y

Salil Parekh right choice for top job at Infosys: IT experts

Salil S Parekh's experience in handling multi-cultural work environment combined with his strong grip on technology and sales make him the perfect choice for leading Infosys, say IT industry experts, reported PTI. Parekh was named as the CEO and Managing Director of Infosys and is slated to take charge at the helm of India's second largest IT firm on January 2, 2018 for a period of five

Vijaya Bank to raise Rs 1,300 cr via bonds in FY18

Public sector lender said today that its board has approved raising Rs 1,300 crore via bonds in the current fiscal under the Basel III global capital adequacy norms. "...the board has accorded its approval for raising Rs 1,300 crore by way of additional tier 1 bonds under Basel III for the financial year 2017-18 (revised additional capital requirements amounting to Rs 1,000 crore in additi

Biocon bags USFDA approval for Ogivri

Biocon Ltd. has said that the U.S. Food and Drug Administration (FDA) has approved Mylan's Ogivri™ (trastuzumab-dkst), a biosimilar to Herceptin® (trastuzumab), co-developed with Biocon. Ogivri has been approved for all indications included in the label of the reference product, Herceptin, including for the treatment of HER2-overexpressing breast cancer and metastatic stomach canc

JSW Energy bags PPAs of 208MW

JSW Energy Limited has said that it has successfully secured PPAs aggregating to 208MW. This consists of 176MW PPA with Haryana Power Purchase Centre to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company Ltd., a 100% subsidiary of the Company and 32MW under Group Captive scheme to be supplied from the Ratnagiri plant of the Company.

“With

Hero MotoCorp registers 6 lakh sales in November 2017

Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer has said that it has registered six lakh-plus sales for the seventh consecutive month this fiscal (FY’18). Sustaining its strong sales performance in this fiscal, Hero MotoCorp clocked 605,270 units in the month of November 2017, registering a growth of 26 per cent over the corresponding month last year (November 2016)

Tata Motors clocks 58% sales growth in November 2017

Tata Motors Limited, a leading global Automobile manufacturer has announced strong sales numbers in November 2017 continuing its turnaround trend of the past few months. The Commercial and Passenger Vehicles sales performance in domestic market in November 2017 was at 52,464 units, a growth of 58 per cent, over last year due to growing demand across segments, introduction of new products and st

Stock-specific buying pushes equity indices higher

 Healthy buying in IT, metals and healthcare stocks pushed the key Indian equity indices higher during the mid-afternoon trade session on Monday.

According to market observers, a surge in stocks of IT major Infosys, along with other index heavyweights like Tata Motors, Bharti Airtel, HDFC and Hindustan Unilever added to the upward trajectory of the key indices.

At 1 p.m

Coal India`s supplies to power plants up by 9.2%

Coal India Ltd (CIL) on Sunday said coal supplies to power utilities increased by 9.2 per cent to 290.59 million tonnes (mt) during April to November period of the current fiscal compared to 266 mt during same period last year.

"On the back of higher rake loading, CIL's coal supplies to power utilities of the country posted a healthy 9.2 per cent growth at 290.59 mt during Ap

Growth, healing: New CEO faces twin tests at India`s Infosys

MUMBAI -  Investors on Monday cheered the appointment of Infosys Ltd's new chief executive, in hopes the Indian IT services firm can move past a costly boardroom spat, though questions remain over how the new boss will navigate strained corporate ties internally.

After well over a decade with Capgemini, Salil Parekh is returning to India to head Infosys, where he is

Those opposing bullet train can take bullock carts: Narendra Modi

Prime Minister Narendra Modi on Sunday said those opposing the bullet train project should travel on bullock carts.

Modi made the comment while lashing out at the Congress for its criticism of the Rs 1.1 lakh crore project -- which he said was "a negligible price" -- connecting Ahmedabad and Mumbai and to be built by Japan.

He said the Congress government

Monetary policy review to drive key equity indices

The central bank's upcoming monetary policy review, combined with the direction of foreign fund flows are expected to drive investors' sentiments in the equity markets in the coming week.

Market observers opined that other factors such as the rupee's movement against the US dollar, global crude oil prices and further economic reforms will impact investors' risk-ta

JSW Energy secures PPAs aggregating to 208 MW

 JSW Energy on Saturday said that it has secured PPAs (power purchase agreements) aggregating to 208 MW.

According to the company, the PPAs consists of two agreements, one with the Haryana Power Purchase Centre and the other one under the "group captive scheme".

"This (PPAs) consists of 176 MW PPA with Haryana Power Purchase Centre to be supplie

Strategic port in sight, Sushma pays visit to Iran

On the eve of the inauguration of the first phase of the strategic Chabahar port in Iran, a critical part of a trade route to connect to landlocked Afghanistan and beyond to Central Asia bypassing Pakistan, External Affairs Minister Sushma Swaraj on Saturday paid a visit to Tehran and met her Iranian counterpart Javad Zarif in Tehran.

According to a statement issued by the Extern

Cash, gold seized in tax raids on Bengaluru medical labs

The Income Tax (I-T) Department has seized Rs 1.4 crore and 3.5 kg gold and jewellery during raids conducted on five medical labs and two In Vitro Fertilisation (IVF) clinic doctors during the last three days, said a top tax official on Saturday.

"The raids on the five medical diagnostic centres and two IVF clinics/doctors in the city also detected secret foreign bank accoun

LN Mittal meets Mamata at her residence in Kolkata

Prominent global steel company ArcelorMittal's Chairman and CEO Lakshmi Niwas Mittal met West Bengal Chief Minister Mamata Banerjee at her residence here on Saturday.

During her meeting with Mittal, she is believed to have invited the billionaire industrialist to attend the Bengal Global Business Summit to be held in January.

Incidentally, Banerjee had met the