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.
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.
Tyre maker Ceat on Tuesday reported 32.83% increase in consolidated net profit to Rs. 64.90 crore for the fourth quarter ended March 31 from Rs. 48.86 crore during the corresponding period last year.
Did you know that water, thrown up in the process of extraction of oil and gas from rocks, can be turned fit for human consumption and that too at an affordable cost? Anurag Bajpayee and Prakash Narayan Govindan, founders of US-based Gradiant, are doing it. Yashwant Raj reports.
DEN Networks Ltd, a leading Indian cable distribution company, has raised a total of $180 million (about R1,000 crore) through mix of preferential placement and qualified institutional placement (QIP).
In order to ramp up its production capabilities to meet the rising demand for quality paper across India, JK Paper is looking to develop new facilities in Myanmar and Vietnam to source pulp.
Integrated pharmaceutical and lifesciences company Jubilant Life Sciences (JLS) reported an 18% increase in income from the operations to R1,392 crore during the quarter ended March 31, 2013.