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  • PM Modi pitches India as favourite investment destination at Fintech Festival in Singapore

    14 November, 2018 3:28 AM 49

    Prime Minister Narendra Modi said on Wednesday that financial inclusion has become a reality for 1.3 billion Indians as he pitched India as a favourite destination for investment at the Fintech Festival here. Modi became the first world leader to address the festival which was launched in 2016 and is in its third edition. "Financial inclusion has become

  • Stocks in the news: M&M, Tata Steel, Sun Pharma, NMDC, Hindalco, JSPL, Zee Entertainment

    14 November, 2018 2:43 AM 46

    Coffee Day Enterprises | Cox & Kings | Vodafone Idea | Dilip Buildcon | NMDC |PTC India and Mahanagar Gas are stocks, which are in news today. Results Today: Mahindra and Mahindra, Coffee Day Enterprises, Cox & Kings, Vodafone Idea, Indian Hotels, Infibeam, JK Lakshmi Cement, Motherson Sumi, Page Industries, PC Jeweller, Rain Industries, SpiceJet, Ujjivan

  • Nalco H1 operating profit goes up by four-fold

    13 November, 2018 9:30 PM 94

    New Delhi: National Aluminium Company Limited (NALCO), posted a turnover of Rs 5,952 crore in the first half of FY 2018-19, rising by 42 growth H1 of FY 2017-18. The net profit of the company has gone up from Rs 364 crore in H1 of the previous fiscal (2017-18) to Rs 1197 crore during the first half of 2018-19, registering a growth of 229 percent, an official

  • Amazon announces new headquarters split for New York, Virginia

    13 November, 2018 4:49 PM 44

    Amazon announced on November 13 it would split its "second headquarters" between New York City and northern Virginia, investing some $5 billion in the two locations for the US online giant. "These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come," Amazon chief executive

  • Cipla acquires US-based Avenue Therapeutics for $215 million

    13 November, 2018 4:20 PM 43

    Cipla, India's fourth-largest drug maker on November 13, said its subsidiary , InvaGen Pharmaceuticals has entered into definitive agreements to acquire Nasdaq-listed speciality business firm Avenue Therapeutics for up to $215 million. The acquisition will give Cipla access to specialty drug Tramadol delivered intravenously (IV) to manage post-operative

  • Dalmia Cement to invest Rs 2,500 cr on new mfg units in Odisha

    13 November, 2018 1:53 PM 41

    Dalmia Cement (Bharat) said it will invest over Rs 2,500 crore in Odisha for setting up new manufacturing plants in Rajgangpur and Cuttack. DCBL has proposed to set up a new unit of 2.25 million tonne per annum cement manufacturing plant and 3 mtpa clinker manufacturing capacity at Rajgangpur. Once commissioned, the company's total capacity in Rajgangpur

  • Zee Entertainment promoters to sell up to 50% stake to strategic partner

    13 November, 2018 1:43 PM 47

    The promoters plan to pursue disruptive technological development and transform the business into tech-media by divesting the stake. The promoters of Zee Entertainment Enterprises will sell up to 50 percent of their stake in the company to a strategic partner. In a filing with the exchange, the promoters cited plans "to pursue disruptive technological

  • Hindustan Copper Q2 profit rises 23% to Rs 35 cr

    13 November, 2018 1:35 PM 48

    The company had posted a profit of Rs 28.55 crore in the year-ago period. State-run Hindustan Copper posted 23.3 percent rise in profit at Rs 35.23 crore for the quarter ended September 30, 2018. The company had posted a profit of Rs 28.55 crore in the year-ago period, Hindustan Copper said in a BSE filing. The profit for the period is "from continuing

  • Sri Lanka SC stays Maithripala Sirisena's order to sack parliament

    13 November, 2018 1:30 PM 46

    Sirisena dissolved parliament on November 9 night and called a general election for January 5, two weeks after removing his coalition prime minister Ranil Wickremesinghe. Sri Lanka's Supreme Court on November 13 stayed President Maithripala Sirisena's decision to dissolve parliament until next month in a further twist in the country's political crisis

  • OMC, aviation stocks gain up to 5% as crude price slips below USD 70/bbl

    13 November, 2018 10:20 AM 47

    Share prices of oil marketing companies gained more than 3Â percent, while aviation companies share ended with gains upto 5 percent as global crude oil prices slipped below 70 mark. Oil prices shed more than 1 percent on Tuesday, with Brent crude is trading below USD 70 and WTI Crude is below USD 60 per barrel. At the end, Interglobe Aviation was at Rs 973.90, up 2.68 percent