Wednesday, 29 May 2013

Tata Motors net profit falls 36.7 pct, beats forecasts

Tata Motors net profit falls 36.7 pct, beats forecasts

Tata Motors net profit falls 36.7 pct, beats forecasts

MUMBAI | Wed May 29, 2013 7:09pm IST. MUMBAI (Reuters) - Tata Motors Ltd(TAMO.NS) posted a 36.7 percent fall in fourth-quarter net profit, a smaller-than-expected drop, as a jump in sales at its Jaguar Land Rover (JLR) subsidiary offset falling profit at its ...
ONGC Q4 net slumps 40 percent, lags expectations

ONGC Q4 net slumps 40 percent, lags expectations

MUMBAI | Wed May 29, 2013 6:39pm IST. MUMBAI (Reuters) - Oil & Natural Gas Corp(ONGC.NS) posted a 40 percent slump in quarterly profit, lagging expectations, as lower average crude prices during the period and higher costs and write-offs hurt margins ...
Cipla Q4 net drops 8.2 per cent to Rs 268 crore

Cipla Q4 net drops 8.2 per cent to Rs 268 crore

Mumbai: Drugmaker Cipla Ltd, India's fifth largest drugmaker by sales, reported an 8.2 per cent drop in quarterly net profit, lagging Street estimates, as sales growth in its key domestic market slowed down. The Mumbai-based company said its standalone net ...
US Dollar ends higher against rupee

US Dollar ends higher against rupee

Mumbai, May 29 (PTI) The US dollar ended higher against the Rupee at 56.17/18 per dollar and the Pound Sterling finished higher at Rs 84.74/76 per pound at the close of the Interbank Foreign Exchange Market (Forex) today. Following are the Interbank ...
More trouble for Ranbaxy as drug boycott to continue

More trouble for Ranbaxy as drug boycott to continue

After the US and Indian authorities, the medicines manufactured by Ranbaxy Laboratories are now under the scanner of hospitals, too. Mumbai's leading Jaslok Hospital has already put up a notice advising its doctors to avoid prescribing Ranbaxy drugs, ...
Europe remains a threat to world economy: OECD

Europe remains a threat to world economy: OECD

The recession in Europe risks threatening the world's economic recovery, a leading international body warned on Wednesday. In its half-yearly update, the Organisation for Economic Cooperation and Development said that protracted economic weakness in ...
Stranded: Kingfisher Airlines lenders to go slow on asset monetisation

Stranded: Kingfisher Airlines lenders to go slow on asset monetisation

Bankers may not immediately move ahead with revaluing or monetising Kingfisher Airlines brand even as a consortium of lenders struggles to recover dues from the Mallya Group, say sources. This may delay recovery of dues since the brand formed a large ...
Cognizant beats Infosys to No.2 tech co spot

Cognizant beats Infosys to No.2 tech co spot

Infosys moved further away from bellwether status last year, surrendering the number two position to Cognizant, going by the latest Gartner report on the Indian IT industry. The report, released Tuesday, revealed that the total revenue of the top five Indian IT ...
Ministerial panel nod for coal regulator

Ministerial panel nod for coal regulator

This comes at a time when govt parallel looking at ways to open up coal mining for private sector. It will now be sent to Union cabinet for final approval. Add to My Page. Read more on: Government | cabinet | coal regulator | mining operations. email this article ...
Markets close in red, banks slump ahead of GDP data, HDIL tanks

Markets close in red, banks slump ahead of GDP data, HDIL tanks

Snapping a three-day winning streak, the Indian share markets fell ahead of quarterly economic growth data and the expiry of May derivative contracts later this week. The BSE Sensex closed at 20147.64, down 0.07 percent, while the Nifty closed at 6104.30, ...