Business, Companies, 27th Oct 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 05:42 PM IST

Business Companies 27 Oct 2017

Business, Companies, 27 Oct 2017

Total income during July-September quarter stood at Rs 11,994.64 crore, down from Rs 12,187.12 crore in the same quarter a year ago.

Canara Bank Q2 net profit down 27 per cent to Rs 260 crore

Net profit for the first half of the fiscal declined to Rs 511.78 crore from Rs 585.86 crore.

27 Oct 2017 7:42 PM

The ITC stock closed 0.32 per cent up at Rs 269.35 on BSE.

ITC Q2 net up 6 per cent at Rs 2,640 crore, cigarettes hit by high tax

Company's total income during the second quarter of 2017-18 was Rs 10,258.13 crore.

27 Oct 2017 7:32 PM

ICICI Bank reported a 34 per cent fall in the September-quarter. (File Photo)

ICICI Bank posts 34 per cent fall in Q2 net profit

Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September.

27 Oct 2017 5:30 PM

Net profit fell to 20.58 billion rupees in the quarter ended September 30, from 31.02 billion rupees a year earlier.

ICICI Bank second-quarter profit falls, lags estimates

Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September.

27 Oct 2017 5:18 PM

Vedanta Ltd and the Adani Group may bid for the Bunder diamond project in Madhya Pradesh. (File Photo)

Vedanta, Adani likely to bid for Bunder diamond project in MP

In August 2016, Rio Tinto announced it would not proceed with the development of Bunder due to commercial considerations.

27 Oct 2017 4:49 PM

Idea Cellular Chairman Kumar Mangalam Birla.

Aditya Birla Fashion and Retail posts Rs 10 crore loss for Q2

It had reported net profit of Rs 65 crore in July-September quarter of last financial year.

27 Oct 2017 4:40 PM

Indian Railways has started its National Solar Mission.

Indian Railways launches its first set of solar plants in Delhi

Project part of govt's National Solar Mission in which Railways plans to commission 1,000 MWp solar plants.

27 Oct 2017 4:22 PM

Jaypee Infratech, part of debt-ridden Jaypee group, has defaulted on Rs 526.11 crore outstanding loan to IDBI.

Jaypee Infra insolvency: IRP floats EoI for resolution plans

Apex court extended time from October 27 to November 5 for company to deposit Rs 2,000 crore.

27 Oct 2017 4:20 PM

India’s biggest cigarette maker ITC Ltd posted a nearly 6 per cent rise in quarterly profit on Friday. (File Photo)

ITC second-quarter profit rises about 6 per cent

The company, said its expenses for the quarter fell about 39 per cent to Rs 63.14 billion.

27 Oct 2017 3:47 PM

Paytm is a major player in digital wallet segment.

Mobile wallets will enable unlimited transfer of funds: Paytm

Company says RBI guidelines released this month will enable mobile wallets to gain access to more functionalities.

27 Oct 2017 3:36 PM

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

Indian Oil records 18 per cent jump in Q2 net profit

Revenue from operations climbed about 10 per cent to Rs 1.11 trillion, the company said on Friday.

27 Oct 2017 3:01 PM

Samsung will introduce the second edition of its voice-powered digital assistant 'Bixby' next year that will work on multiple devices.

Samsung Bixby 2.0 to cater to multiple devices

This will help the global smartphone leader further strengthen its position against companies like Google, Apple and Amazon.

27 Oct 2017 2:47 PM

OYO had last month raised over Rs 1,600 crore in a fresh round of funding led by SoftBank Vision Fund, Sequoia India.

OYO calls off acquisition talks with ZO Rooms

OYO operates in more than 230 cities across India, Malaysia and Nepal.

27 Oct 2017 2:39 PM

Net sales rose 21.8 per cent to Rs 21,438.1 crore for the quarter under review, as against Rs 20,048.6 crore a year ago.

Maruti Suzuki Q2 net profit grows 3.4 pc to Rs 2,484 cr

The company's stock was trading at Rs 8,171.45 per scrip, up 1.18 per cent on BSE.

27 Oct 2017 2:31 PM

Net NPAs also rose to 1.04 per cent of assets as of September 2017-end as compared to 0.29 per cent in the comparable period of 2016-17.

Yes Bank shares tank nearly 10 per cent after Q2 earnings

Gross non- performing assets grew to Rs 2,720.34 crore during the second quarter of 2017-18.

27 Oct 2017 1:37 PM

Infosys has standardised the severance packages of employees. (Photo: PTI)

Infosys 'rationalises' severance packages of employees

This move comes after Infosys recently gave a clean chit to controversy regarding severance pays of Rajiv Bansal and David Kennedy.

27 Oct 2017 1:36 PM

Amazon shares soared Thursday after the Internet giant reported earnings that topped expectations. (Photo: AFP)

Amazon records 34 per cent jump in revenue on Whole Foods deal, Alexa

The Seattle-based company has grown from its online retail roots to cloud computing, streaming video, artificial intelligence and more.

27 Oct 2017 12:11 PM

Vedanta, Adani may bid for $9 bn Indian diamond mine left by Rio

Madhya Pradesh was likely to invite bids in first week of November to explore deposit.

27 Oct 2017 11:17 AM

Twitter Inc said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year. (Photo: AFP)

Twitter says it could turn first-ever profit, shares soar

Twitter has put in efforts to hook people through live-streaming deals, like professional golf and news programs.

27 Oct 2017 10:01 AM

United Spirits on Friday reported an 85.57 per cent increase in its net profit at Rs 153.1 crore for the quarter ended September 30. (Photo: Pixabay)

United Spirits records 85 per cent rise in Q2 net profit

The company's brands include those of McDowell's No 1 family, Royal Challenge, Antiquity and Black Dog scotch, among others.

27 Oct 2017 9:49 AM

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Mohan Guruswamy