Liquor manufacturer United Spirits Ltd (USL) on Wednesday reported a standalone net loss of Rs 1,799.28 crore for the three months ended March 2015 on account of increasing debt and liabilities.
India is the new hunting ground for cash-rich Gulf carriers who have been hiring pilots, cabin crew and engineers in droves to cater to their ever increasing fleets.Sources said Gulf carriers – primarily Etihad and Qatar Airways – have poached over a 100 pilots
Petroleum minister Dharmendra Pradhan spoke to HT on a range of issues from excise duty hikes to a new exploration policy.
Corporate sentiment towards Indian business climate and future expectations have fallen to pre-Narendra Modi levels according to a Deutsche-Borse survey.
The Confederation of Indian Industry cited lack of domestic demand and subdued global economic conditions as two key problems plaguing the industry though, it said, the government wouldn’t be able to do much about either of these.
State-owned gas utility GAIL India today reported a 53 % drop in March quarter net profit as it sold less gas.Net profit in January-March at Rs 510.75 crore, or Rs 4.03 a share
The crisis-hit Indian group, Sahara has entered the fray for buying its own Grosvenor House hotel, which was put on sale by its lender Bank of China after a 'technical default'.
Tata's Jaguar Land Rover division loses most of its profitability owing to a new found reluctance to falunt wealth in China.
Snapping its two-day fall, the BSE Sensex Wednesday recovered by 33 points to close at 27,564.66 points on late buying in banking, FMCG and oil stocks after recent falls and hopes of rate cut by the Reserve Bank.
The rupee continued to decline for the third consecutive day against the US currency by slipping 3 paise to close above the 64-mark after nearly two weeks on dollar demand from importers coupled with higher greenback overseas.
It could take India about three years to improve its ranking on World Bank’s Ease of Doing Business list, Onno Ruhl, World Bank’s country director for India has said.
SBI Chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon founder Kiran Mazumdar-Shaw and HT Media Chairperson Shobhana Bhartia are among the world's 100 most powerful women, according to the Forbes' annual list which is topped by German Chancellor Angela Merkel.
International operations are bleeding Air India (AI) heavily, and the national carrier looks set to post another large loss in the year ended March.
Tata Motors missed street expectations as fourth quarter consolidated net profit plunged 56% year-on-year to Rs 1,717 crore, the company revealed on Tuesday.
Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the US.