Business

Public sector lender State Bank of India chairman Pratip Chaudhuri today said the lender's margins in overseas business were under pressure. However, NPA levels of the bank in the fourth quarter last fiscal remained low compared to third quarter.

Tata Motors today said it has raised 350 million Singapore dollars (about Rs. 1,525 crore) through issue of securities in Singapore, mainly for redemption of preference shares.

Nobody knows which was the first app to be downloaded from Apple’s iPhone App Store on 11 July 2008, but the total number of downloads passed 50 billion on Wednesday, signifying the rapid growth of a business created by the explosive spread of smartphones over the past five years.

The rupee today lost 21 paise to 54.98 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas.

MG George Muthoot, chairman, The Muthoot Group, has more than 55 years of industry experience and is the 3rd generation head of the group. Muthoot shares his best and worst leadership decisions and talks about other leadership issues with HT.

Tata Motors today said it has raised 350 million Singapore dollars (about Rs. 1,525 crore) through issue of securities in Singapore, mainly for redemption of preference shares.

Diversified business conglomerate ITC today posted a 19.4% year-on-year rise in its net profit for three months from January till March 2013 to R1,927.98 crore, from Rs. 1,614.36 crore during the same period last year, driven by robust performance in cigarettes, FMCG and agriculture businesses.

India remains opposed to the European Union’s emission norms for airlines even as European Commission said it may fine Air India and Jet Airways for not sharing emission data. A senior aviation ministry official said that the matter will be taken-up with the commission.