Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Photo, Video

10:14 Renault's futuristic EZ-Pro is a delivery vehicle that looks like a lunchbox

122

09:52 Ideas for Profit: Strong financials, attractive valuation make Automotive Axles a long-term buy

100

11:10 India ranks third globally in terms of number of family-owned businesses

100

07:05 Jawa releases new teaser video to showcase exhaust note of upcoming bike

28

Business

All category news

  • Aurobindo Pharma Q2 profit falls 22% YoY to Rs 611.43 crore; revenue rises to Rs 4,751.4 crore

    12 November, 2018 1:37 PM 40

    Aurobindo Pharma reported a net profit of Rs 611.43 crore for the September quarter. This implies a fall of 22 percent from the profit reported during the same quarter. The company reported a revenue of Rs 4,751.4 crore during the quarter, a rise of 7 percent from the previous year’s revenue of Rs 4,435.89. The earnings before interest, taxes, depreciation

  • Tata Motors group global sales up 5.62% in October

    12 November, 2018 12:20 PM 46

    Global wholesales of all passenger vehicles in October 2018 were at 65,217 units, lower by 2 percent, as compared to 66,361 units in the same month last year. Tata Motors reported a 5.62 percent increase in its group global wholesales, including Jaguar Land Rover, at 1,09,597 units in October 2018. Tata Motors' group global wholesales in October last year were at 1,03,761 units

  • Retail inflation softens to 3.31% in October versus 3.7% in September

    12 November, 2018 12:07 PM 47

    India’s retail inflation grew 3.31 percent in October compared to 3.70 percent in September, driven by a relatively slower rate of increase in food and fuel prices. Retail inflation, measured by Consumer Price Index (CPI), stood at 3.58 percent in September last year. CPI is the main price gauge that the Reserve Bank of India (RBI) tracks

  • Buy J K Cement; target of Rs 883: Motilal Oswal

    12 November, 2018 11:34 AM 43

    Grey cement volumes (incl. clinker) declined by 3% YoY to 1.87mt and white cement volumes by 2% YoY to 0.29mt in 2QFY19. Grey cement realizations stood at INR4,005/ton (+5% QoQ) and white cement realizations (incl. putty) at INR11,664 (+4% YoY; -1% QoQ). Revenue declined 1% YoY to INR11b in the quarter. We value white cement at 10x Sept’20 EV/EBITDA

  • Lupin launches generic pneumonia drug in US

    12 November, 2018 11:27 AM 54

    Drug firm Lupin said on Monday it has launched the generic Atovaquone oral suspension, which is used for the prevention and treatment of pneumonia, in the US market. The company has launched its Atovaquone oral suspension USP, 750 mg/5 ml, having received an approval from the United States Food and Drug Administration (USFDA) earlier, Lupin said in a filing

  • Jet Airways narrows Q2 net loss to Rs 1,291.9 crore QoQ; revenue rises to Rs 6,161.1 crore

    12 November, 2018 11:26 AM 48

    Jet Airways posted a net loss of Rs 1,291.97 crore for the September quarter. The number cannot be compared with that of previous year as it had reported a net profit of Rs 49.6 crore during the September quarter of last year. The net loss has narrowed as compared to previous quarter’s loss of Rs 1,323 crore. The revenue was reported at Rs 6,161.15 crore

  • OnePlus to set up R&D centre in Hyderabad

    12 November, 2018 10:26 AM 53

    Premium smartphone maker OnePlus will be setting up a Research and Development centre and an experience centre here, a senior Telangana government official said on Monday. "OnePlus is setting up R&D Centre and also experience centre in Hyderabad. As of now they are looking for space for setting up the R&D centre," Jayesh Ranjan Principal Secretary IT and Industries

  • Accumulate VRL Logistics; target of Rs 322: Dolat Capital

    12 November, 2018 10:03 AM 42

    For Q2FY19, the revenue from operations grew 14.4%YoY to ` 5,169.9mn; de-grew 2.2% QoQ from ` 5,284.7mn. EBITDA declined 3%YoY to ` 541mn; declined 10.2% QoQ from ` 602mn. EBITDA Margin decreased by 188Bps YoY to 10.5%; a decrease of 94bps QoQ. Operating expenses increased 19.2% YoY to ` 3,651mn, a decrease of 2.1% QoQ. The increase in operating expenses

  • Bajaj to sell imported Husqvarna until local manufacturing begins

    12 November, 2018 9:34 AM 50

    Bajaj will now introduce fully imported models of Husqvarna in India as part of its intensive brand building measure. Bajaj Auto, India’s third largest two-wheeler maker, has revised the launch plan of its iconic Husqvarna bike in India. The Pune-based maker of Pulsar and Avenger range of motorcycles will now introduce fully imported models of Husqvarna

  • Silver futures up by 0.52% on global trend

    12 November, 2018 9:30 AM 39

    Silver prices were higher by 0.52 percent to Rs 37,071 per kg in futures trade Monday after speculators built up fresh positions amid positive global cues. At the Multi Commodity Exchange, silver for delivery in December was up by Rs 191, or 0.52 percent, to Rs 37,071 per kg in a business turnover of 582 lots. Likewise, the white metal for November gained