When it comes to companies making a wrong choice in hiring an employee, India figures among the top-four countries worldwide and the cost of one single bad recruitment could be over
Rs. 20 lakh, says a survey.
India’s largest power producer, NTPC Ltd, on Friday reported a 68% year-on-year rise in standalone net profit to R4,381.61 crore for the three months ended March 2013 against R2,593 crore a year-ago.
IT hardware company HCL Infosystems on Friday reported a standalone net loss of Rs. 14.96 crore for the quarter ended March 31, 2013 against a net profit of Rs. 20.02 crore in the year-ago period.
ArcelorMittal SA, the global steel-making giant, has reported a loss for the first quarter, even as restructuring efforts are beginning to pay off and the steel market is stabilizing after a sharp decline in mid-2012.
With gas output from its flagship KG-D6 fields dipping to an all-time low, Reliance Industries chairman Mukesh Ambani has said the company will invest over $5 billion in "a series of projects" to reverse the trend.
Godrej Properties today reported 34% increase in its consolidated net profit at Rs. 53.2 crore for the fourth quarter of 2012-13 fiscal on lower tax outgo.
Only three Indian dealmakers figure among 100 top tech investors on Forbes Midas List, far outdistanced by China with 17 top dealmakers in the Asian venture market.
Punjab National Bank (PNB) on Thursday reported 20.5% year-on-year decline in its net profit for the January-March quarter to R1,131 crore from
Rs. 1,424 crore registered in the corresponding period of the previous fiscal, due to higher provisioning on account of bad loans.
HT reports.
The Supreme Court today dismissed plea challenging Vedanta-Cairn deal and said that the Centre and ONGC's decision on the $8.5 billion deal was taken after due deliberation.
The SEBI should come out with a mechanism to verify the genuineness of investors, who had invested in the Sahara Group, and start refunding money to them, the Supreme Court said today.
Pharmaceutical major Ranbaxy Laboratories on Wednesday reported 89.91% year-on-year decline in its consolidated net profit to Rs. 125.75 crore for the first quarter ended March, mainly due to absence of contribution from exclusivities. The comapny had posted had posted a net profit of Rs. 1,246.76 crore during the corresponding period previous year.
Shahnaz Husain’s name is synonymous with the beauty-care industry in India. She founded a company in the 1970s named after herself, and has grown it into a billion-dollar global brand over the years, in the process gaining a reputation for shrewd business acumen. Zofeen Maqsood reports.
The government has approved Rs. 17,500 crore ($3.24 billion) for the Delhi-Mumbai Industrial Corridor (DMIC) project, which is estimated to cost around $100 billion overall, minister of state for commerce and industry D Purandeswari said today.
Global banking major HSBC has said it may face "significant" penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its Indian unit, among other cases.
India appears to be failing its startup companies which are struggling to find investors. It is easy to set up an online business in India but very difficult to do business.