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IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank loss widens to Rs 3,602 crore in Q2

Total income of the bank was also down at Rs 6,162.14 crore in the reported quarter as against Rs 8,302.42 crore.

14 Nov 2018 11:05 AM

E-commerce major Snapdeal

Snapdeal trims losses to Rs 613 crore, confident on hitting profits

The consolidated revenue from operations declined to Rs 436.1 crore for 2017-18 as against Rs 903.8 crore in FY17.

7 Nov 2018 5:46 AM

Cipla today said its subsidiary in the Netherlands will pump in up to euro 16.8 million (nearly Rs 120 crore) to form a joint venture with its Iranian distributor

Cipla warns of headwinds in second half after second-quarter profit...

Shares of the company declined as much as 7.7 per cent, in their sharpest intraday drop since November 2017.

5 Nov 2018 9:14 AM

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI puts up 11 NPA accounts for sale to recover Rs 1,019 crore

SBI has reported a hefty loss of Rs 4,876 crore for the June quarter due to higher NPAs or bad loans.

5 Nov 2018 5:49 AM

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar

The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.

2 Nov 2018 7:54 AM

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank third-quarter profit slumps 61 per cent

Net profit came in at 1.26 billion rupees for quarter ended Dec 31, compared with 3.22 billion rupees a year ago.

24 Jan 2018 11:07 AM

Board of Idea Cellular approved raising about Rs 3,250 cr from entities under promoter Aditya Birla Group.

Idea posts wider Q3 loss at Rs 1284.5 crore

Revenue from operations came in at Rs 6,509.6 crore for the quarter ended December 2017.

24 Jan 2018 9:38 AM

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Vijaya Bank Q3 net tanks 65.45 per cent to Rs 79.56 crore

Bank's total income also declined 7.09 per cent to Rs 3,450.81 crore in quarter under review from Rs 3,714.37 crore.

24 Jan 2018 7:26 AM

Wipro posts third-quarter profit fall

Revenue from Wipro's IT services segment rose marginally to 132.35 billion rupees.

19 Jan 2018 11:02 AM

Air India and its subsidiaries have nearly 20000 employees. Among them Air India has only 11,500 employees. Air India management has not offered their employees for voluntary buyouts, an Air India spokesperson said..

Air India's projected net loss for 2017-18 less than 2016-17

Airline has been making an operating profit of Rs 105 crore during 2015-16 and Rs 215 crore during 2016-17.

3 Jan 2018 6:49 AM

Uber Technologies Incs warring board members have agreed to investment by SoftBank Group Corp in the ride-services company. (Photo: AFP)

Uber's fourth-quarter loss narrows to USD 1.1 billion: source

The company had previously reported third-quarter net loss of $1.46 billion on net revenue of $2 billion.

14 Feb 2018 5:26 AM

Last month Idea announced plans to raise a total 67.5 billion rupees ahead of proposed merger

Idea Cellular Q4 net loss widens nearly 3-fold to Rs 930.6 crore

The operating revenue dropped 24.47 per cent to Rs 6,137.3 crore in the March quarter of FY18.

28 April 2018 10:11 AM