Business, Companies, 25th Oct 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 04:11 AM IST

Business Companies 25 Oct 2017

Business, Companies, 25 Oct 2017

At a floor price of Rs 94 a piece, sale of 5 per cent stake would fetch about Rs 800 crore to the exchequer. (Photo: DC/File)

NLC Divestment: Institutions bid for Rs 1,000 cr worth shares

Govt has already raised over Rs 19,000 crore through minority stake sale in PSUs in current fiscal.

25 Oct 2017 6:09 PM

The company had posted a net profit of Rs 65.87 crore during the July-September quarter of previous fiscal.

Emami Q2 net profit surges 50 per cent to Rs 99 crore

Total income increased by 6.97 per cent to Rs 633.46 crore as against Rs 592.16 crore.

25 Oct 2017 5:45 PM

Tata Starbucks is planning three Starbucks cafe stores in Kolkata in early 2018.

Kolkata to get three Starbucks Coffee shop by early 2018

Starbucks entered India with the opening of its first store at Horniman Circle in Mumbai in 2012.

25 Oct 2017 5:30 PM

Paytm, digital wallet provider, has started its own payments bank. (Photo: AFP)

Paytm adds over 120,000 physical KYC points in India

RBI's new guidelines say all prepaid instruments need to ensure their customers are KYC-enabled.

25 Oct 2017 5:22 PM

Total income came down by 5.13 per cent to Rs 2,365.06 crore for the reported quarter as against Rs 2,493.04 crore in the year-ago period.

IDFC Bank Q2 net slides 40 per cent to Rs 234 crore

Company's net profit in the same quarter of the previous fiscal stood at Rs 387.76 crore.

25 Oct 2017 4:41 PM

Hindustan Unilever Ltd posted a 16 per cent rise in quarterly profit on Wednesday, beating estimates. (File Photo)

Hindustan Unilever posts 16 per cent rise in Q2 profit

Net sales during the quarter under review stood at Rs 8,199 crore as against Rs 8,335 crore in the year-ago period.

25 Oct 2017 4:39 PM

NCLAT on Wednesday adjourned the hearing on the plea filed by McDonald's estranged partner Vikram Bakshi for a fair valuation of his stake at the Indian Joint venture CPRL.(Photo: PTI)

McDonald's-Bakshi row: NCLAT adjourns hearing till Nov 16

NCLAT adjourned the hearing on Vikram Bakshi's plea for a fair valuation of his stake at the joint venture CPRL.

25 Oct 2017 3:47 PM

Gross bad loans as a percentage of total loans stood at 2.47 per cent at end-September.

Kotak Mahindra Bank second-quarter profit rises, meets estimates

Net profit rose to 9.94 billion rupees in quarter ended Sept 30, from 8.13 billion rupees a year earlier.

25 Oct 2017 1:53 PM

The stock went down 3.3 per cent to Rs 883.30 on BSE. At NSE, shares of the company dipped 3.65 per cent to Rs 881.10.

HCL Tech shares down nearly 4 per cent after Q2 earnings

Company maintained its 2017-18 revenue growth forecast at 10.5-12.5 per cent in constant currency terms.

25 Oct 2017 1:08 PM

Reliance Communications (RCom) is reportedly going to shut down major parts of its wireless operations in the next one month, citing “creative destruction” by Reliance Jio. (Photo: PTI)

RCom may shut wireless biz in 1 month due to 'creative destruction' by Jio

Reliance Jio has been offering voice calls practically free of cost and data packs at rock-bottom prices.

25 Oct 2017 11:58 AM

Vodafone India joined hands with mobile handset firm Micromax to launch a 4G smartphone at an 'effective price' of Rs 999. (File Photo)

Vodafone, Micromax tie up to launch 4G smartphone at 'effective price' of Rs 999

Reliance Retail is offering JioPhone in partnership with Reliance Jio against fully refundable deposit of Rs 1,500.

25 Oct 2017 9:53 AM

HCL Technologies Ltd posted a 9.5 per cent rise in second-quarter profit in 2017. (File Photo)

HCL Q2 net profit leaps 9.5 per cent on software services sector

Analysts on average expected the company to post a profit of Rs 21.59 billion, Thomson Reuters data showed.

25 Oct 2017 9:29 AM

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Mohan Guruswamy