NDTV News - Profit

Chidambaram to woo investors in Dubai on Sunday

Sat, 25 May 2013 09:57:22 GMT

With a view to seek foreign investments, Finance Minister P Chidambaram will be visiting Dubai on Sunday, May 26, to sell India's growth story to sovereign wealth funds.

Chinese airline to get 8 Dreamliners; first expected in June

Sat, 25 May 2013 09:57:11 GMT

The China Southern Airlines will receive 8 Dreamliners, becoming the first airline in the country to use the Boeing 787 plane after the local aviation regulator gave its approval for the aircraft.

Rich country investors return home for stable cash income

Sat, 25 May 2013 09:04:25 GMT

The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appe...

GHCL Q4 net up 7 per cent at Rs 52.72 crore

Sat, 25 May 2013 07:39:46 GMT

Dalmia Group firm GHCL reported on Friday a marginal rise in its standalone net profit by 7 per cent to Rs 52.72 crore for the quarter ended March 31, 2013.

JB Chemicals Q4 net rises over two-fold to Rs 20 crore

Sat, 25 May 2013 07:25:36 GMT

JB Chemicals & Pharmaceuticals Ltd said on Friday that its net profit surged over two-fold to Rs 19.75 crore for the fourth quarter ended March 31, 2013.

HSIL's Q4 net rises 47 per cent to Rs 48 crore

Sat, 25 May 2013 07:00:49 GMT

Sanitary-ware and bathroom equipment maker HSIL Ltd reported on Friday a 46.99 per cent rise in its net profit at Rs 48.11 crore for the fourth quarter ended March 31, 2013.

Britannia Q4 net up 65.5 per cent at Rs 88 crore

Sat, 25 May 2013 06:58:49 GMT

Confectionery major Britannia Industries posted on Friday a 65.66 per cent rise in its net profit at Rs 87.85 crore for the fourth quarter ended March 31.

Icra Q4 net rises 5 per cent to Rs 25.50 crore

Sat, 25 May 2013 06:58:41 GMT

Credit ratings agency Icra reported on Friday a 5 per cent increase in its consolidated net profit at Rs 25.50 crore for the fourth quarter ended March 31.

Contain uncontrolled passion for gold, says Chidambaram

Sat, 25 May 2013 06:43:10 GMT

Finance Minister P Chidambaram has asked countrymen to contain their "uncontrolled passion" for gold and instead save in financial instruments.

NSE to implement transaction tax cut on equity futures

Sat, 25 May 2013 06:24:23 GMT

The National Stock Exchange will reduce the securities transaction tax (STT) on equity futures to 0.01 per cent from 0.017 per cent from June 1, the bourse said in a statement.

Markets week ahead: Shares to track GDP, foreign inflows

Sat, 25 May 2013 06:11:21 GMT

The government will release the March quarter GDP numbers on Friday, which is expected to confirm the economy grew at its slowest pace in a decade in fiscal year 2012-13.

Wall St week ahead: Investors look for signs in rally's break

Sat, 25 May 2013 05:56:34 GMT

The US stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path.

Wall Street posts first weekly loss since mid-April on Fed angst

Sat, 25 May 2013 05:52:18 GMT

The S&P 500 declined for a third day on Friday, with the three major US stock indexes posting their first negative week since the middle of April on lingering concern that the US central bank may scal...

Direct Taxes Code Bill in monsoon session, says Chidambaram

Fri, 24 May 2013 17:45:05 GMT

The Direct Taxes Code (DTC) Bill, which aims to overhaul the over 50-year-old I-T Act, is almost ready and will be taken up in the monsoon session of Parliament, Finance Minister P Chidambaram said on...

RBI to take steps to check excessive volatility in currency market

Fri, 24 May 2013 16:43:46 GMT

Amid the rupee nearly touching a 9-month low against the US dollar, the Reserve Bank of India (RBI) said on Friday that it will continue to take steps to check excessive volatility in the currency mar...

Crompton Greaves Q4 net down 75 per cent at Rs 25 crore

Fri, 24 May 2013 16:33:51 GMT

Avantha Group company Crompton Greaves (CG) reported on Friday a dip of about 75 per cent in its consolidated net profit at Rs 25.27 crore for the fourth quarter ended March 31.

COAI seeks cancellation of Tata Teleservices' GSM licences

Fri, 24 May 2013 16:33:46 GMT

The Cellular Operators Association of India (COAI) has approached the Department of Telecommunications (DoT) asking it to withdraw spectrum allocated to Tata Teleservices Ltd (TTSL) in 8 service areas...

Chidambaram asks investors to tap opportunities at home

Fri, 24 May 2013 16:03:36 GMT

India Inc should stop looking abroad and focus on tapping huge investment opportunities within the country, especially in the infrastructure sector, which offers long-term benefits, Finance Minister P...

AirAsia says India launch seen in fourth quarter, may order 50 more Airbus jets

Fri, 24 May 2013 15:20:21 GMT

Asia's largest budget carrier, AirAsia, may order an additional 50 Airbus A320 jets on top of its existing record order for 475 of the Airbus model, chief executive Tony Fernandes said on Friday.

SpiceJet net loss narrows to Rs 186 crore in Q4

Fri, 24 May 2013 15:20:15 GMT

Low-cost airline SpiceJet said on Friday that its net loss has narrowed to Rs 186 crore for the fourth quarter that ended on March 31, 2013, on the back of higher passenger traffic and fare hikes.

State Bank of India joins hands with Spanish bank

Fri, 24 May 2013 14:59:25 GMT

Indias largest lender State Bank of India (SBI) has that it has signed an agreement with Spain-based bank Banco Bilbao Vizcaya Argentaria, SA (BBVA), to support business operations of clients of both ...

HSBC chief urges acceleration of bank reform

Fri, 24 May 2013 14:51:41 GMT

HSBC chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoida...

AstraZeneca Pharma promoter to sell stake in Indian arm

Fri, 24 May 2013 14:19:22 GMT

AstraZeneca Pharma India said on Friday that its promoter AstraZeneca Pharmaceuticals AB Sweden plans to offload around 37 lakh shares through offer for sale route on May 28 to meet the Securities and...

RIL-BP reports huge gas discovery in KG-D6 block

Fri, 24 May 2013 14:04:45 GMT

Reliance Industries (RIL) announced on Friday a huge natural gas discovery in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.

Wall Street slips on Fed stimulus uncertainty

Fri, 24 May 2013 13:52:01 GMT

Wall Street fell for a third day on Friday, putting indexes on track for their first negative week since the middle of April, on lingering concern the Federal Reserve may scale back its stimulus measu...