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07:50 Explained: What impacts petroleum prices

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  • जनवरी में सोने के आयात में वृद्धि, 1.55 अरब डालर पर पहुंचा

    14 February, 2015 2:14 AM 8

    नयी दिल्ली : रिजर्व बैंक द्वारा पाबंदियों में ढील दिए जाने से जनवरी में सोने का आयात 8.13 प्रतिशत बढकर 1.55 अरब डालर रहा. जनवरी, 2014 में 1.44 अरब डालर मूल्य के सोने का आयात किया गया था. सोना आयात बढने से चालू खाते का घाटा प्रभावित होता है. पिछले साल दिसंबर में सोने का आयात 7.39 प्रतिशत बढकर 1.34 अरब डालर रहा था. रिजर्व बैंक और सरकार ने कहा है कि चालू खाते के घाटे का स्तर आरामदायक

  • SAIL profit rises

    13 February, 2015 7:27 PM 17

    Steel Authority of India Ltd. (SAIL) has reported an 8.7 per cent rise in its net profit at Rs.579.10 crore in the quarter ended December 31, 2014, against Rs.532.60 crore in the corresponding period of the previous year. Total income from operations was lower Rs.11,107.32 crore against Rs.11,473.12 crore. Interim dividend SAIL said its board has approved

  • Marginal rise in M&M third quarter profit

    13 February, 2015 7:25 PM 10

    Automotive major, Mahindra & Mahindra (M&M) reported a marginal rise in its standalone net profit for the third quarter of 2014-15 at Rs.942 crore (Rs.934 crore) on a lower revenue of Rs.10,188 crore (Rs.11,295 crore). During the period, the operating margin was down at 11.7 per cent (14 per cent). The company sold 49,724 utility vehicles (market share

  • Retailers hit by ‘Peter Pan Syndrome’

    13 February, 2015 7:06 PM 13

    A just-released study from Yale University points out that corruption and lower enforcement reduces adoption of productivity-enhancing technology among retailers in India. The Yale study was based on a survey of 1,948 Indian retailers, who are part of a $500 billion industry that is growing at 8-10 per cent per annum. It found that firms tended to remain

  • BGR Energy net at Rs. 14.51 crore

    13 February, 2015 7:04 PM 9

    BGR Energy Systems, a leading EPC, BoP and power equipment manufacturing company, posted 18.3 per cent growth in revenues at Rs.988.57 crore in the third quarter ended December 31, 2014, against Rs.835.79 crore in the same period in the previous year. The profit after tax stood at Rs.14.51 crore against Rs.28.50 crore in the year-ago period. However

  • IOC loss widens in Q3

    13 February, 2015 7:03 PM 14

    Indian Oil Corporation reported an almost three-fold increase in its net loss at Rs.2,637 crore in the three months ended December 31, 2014, mainly due to piling up of inventory losses after international crude prices slumped. The company incurred the loss despite government compensating it for selling some fuel products at state-set prices. The company

  • Sang Fei to step up presence in Indian smartphone space

    13 February, 2015 6:36 PM 23

    Chinese mobile handset manufacturer Sang Fei Communications, which owns and manufacturer Philips mobile phones, is betting big on the growing Indian smartphone market. The company, which entered the Indian smartphone market in May, 2014, is planning to launch four new smartphone models by the end of the year. With these new product launches, the company

  • SBI net profit surges on improved income

    13 February, 2015 6:28 PM 18

    State Bank of India (SBI), on Friday, reported a 30.24 per cent increase in its net profit to Rs.2,910 crore for the third quarter ended December 31, 2014, up from Rs.2,234 crore in the corresponding quarter in the previous fiscal. While net interest income increased by 9.20 per cent to Rs.13,777 crore from Rs.12,616 crore, non-interest income improved

  • India to be power surplus in 2019: Goyal

    13 February, 2015 6:28 PM 25

    Reassuring industry and foreign investors that they would not be energy starved, the government, on Friday, said the country would be power surplus in 2019, and several measures were underway to achieve the goal. “India will be power surplus in 2019, and we are taking all necessary steps. From the current one trillion units of energy generation, we can double

  • Low fare offer fromJet Airways for Valentine’s Day

    13 February, 2015 5:43 PM 9

    Jet Airways has announced discounted fares on international routes starting Rs.8,773 (all inclusive) and customised travel packages for domestic destinations for immediate travel on the occasion of Valentine’s Day. Special fares are offered on Jet Airways flights from India to Paris, Singapore, Bangkok, Hong Kong, Ho Chi Minh City, Colombo and Kathmandu