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Alibaba currently has 25,000 engineers on staff, it says, and says the new research infrastructure will help them meet a goal of two billion customers within two decades.

Alibaba poised to launch record-breaking USD 13.4 bin Hong Kong share...

The deal would be the world's biggest cross-border secondary listing - will be seen as a boost for Hong Kong.

13 Nov 2019 4:43 PM IST

$At the Railway Wagon Manufacturers Meet in the city Jindal Stainless Head Sales Vijay Sharma said, \Jindal Stainless holds a 70 per cent market share in the stainless steel wagon segment.$ Business

Jindal Stainless reports Q2 profit at Rs 52 crore

The company clocked standalone net revenue of Rs 3,170 crore compared to Rs 3,068 crore in the same period.

12 Nov 2019 12:54 PM IST

The Cabinet on Wednesday relaxed rules for state-owned Coal India Ltd for extraction of natural gas.

Business

Coal India Q2 net profit up 14 pc to Rs 3,522 crore

The company's net profit stood at Rs 3,084.54 crore in the year-ago period, it said in a regulatory filing.

12 Nov 2019 9:43 AM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Business

Bank of Baroda net profit jumps to Rs 737 cr on higher NII

The bank had reported a profit after tax of Rs 149 crore in the same period last year on a standalone basis.

9 Nov 2019 12:36 PM IST

During the quarter, the company sold a total of 1,10,824 vehicles as against 1,41,163 units in the corresponding period last fiscal, down 21 per cent.

Business

M&M Q2 profit down 78 per cent at Rs 368 crore

The company had posted a PAT of Rs 1,708.92 crore for the same quarter last fiscal.

8 Nov 2019 3:23 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Business

PNB posts profit of Rs 507 crore in Q2

The state-owned lender had posted a loss of Rs 4,532.35 crore during the same quarter a year ago.

5 Nov 2019 2:20 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

Business

HDFC Q2 net profit up 76 per cent at Rs 1,749 crore

Total income (standalone) increased to Rs 13,494.12 crore from Rs 11,256.96 crore a year ago.

4 Nov 2019 3:32 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

Business

Bank of India post Rs 266 crore profit in Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

1 Nov 2019 1:48 PM IST

Business

HDFC Q3 net profit stood at Rs 2,114 crore

The company had posted a net profit of Rs 5,300 crore in the October-December quarter of the last financial year.

29 Jan 2019 4:02 PM IST

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.

Business

Canara Bank December-quarter profit soars 152 per cent

The lender's net profit came in at 3.18 billion rupees ($44.70 million) for the three months ended Dec 31, 2018.

28 Jan 2019 3:17 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Business

Videocon Industries, ICICI Bank shares fall up to 3 per cent

The scrip of Videocon Industries Ltd went down by 2.73 per cent to close at Rs 2.85 on the BSE.

24 Jan 2019 5:44 PM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

Yes Bank net profit falls 7 pc to Rs 1,002 cr in Dec quarter

The bank's net interest income grew 41.2 per cent year-on-year (y-o-y) to Rs 2,666.4 crore.

24 Jan 2019 4:12 PM IST