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The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea to pump in Rs 25,000 cr, reports Rs 4,973 cr loss

The pro-forma revenue derived without considering the alignment of accounting policies, stood at Rs 12,023 crore.

15 Nov 2018 10:32 AM IST

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 4:35 PM IST

The Subhash Chandra-led Essel Group is diversifying into the cruise shipping segment and has drawn up plans to invest up to USD 2 billion in the business.

Chandras to sell 50 pc of Zee Entertainment, reap Rs 8,758 cr

At Tuesday's closing price of Rs 438.2 per share, total holding is worth Rs 17,517.49 crore.

14 Nov 2018 10:27 AM IST

Toshiba currently expects an annual net profit of 145 billion yen, up 45 percent from an earlier estimate, on sales of 5.4 trillion yen.

Toshiba to shed troubled assets, cut jobs; shares jump nearly 12 per...

Toshiba cut its annual operating profit forecast to 60 billion yen from the previous estimate of 70 billion yen.

8 Nov 2018 10:40 AM IST

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 11:16 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

SBI net profit slips 69 per cent to Rs 576 crore in Q2

The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal.

5 Nov 2018 4:34 PM IST

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 2:44 PM IST

Apples performance for the July-through-September period and its revenue outlook for holiday season evidently werent enough to ease investors concerns. Apples performance for the July-through-September period and its revenue outlook for holiday season evidently werent enough to ease investors concerns.

Apple's 4Q, change in iPhone sales disclosure jar investors

The latest models costing USD 1,000 and more are popular enough to keep propelling profits ever higher.

3 Nov 2018 12:54 PM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

IOC Q2 profit drops 12.6 per cent on forex losses, low margins

The company suffered a foreign exchange loss of Rs 2,600 crore in the quarter as rupee depreciated.

2 Nov 2018 6:20 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank Q2 net profit jumps 83 per cent to Rs 790 crore

The bank had registered a net profit of Rs 432 crore in the July-September quarter of 2017-18.

2 Nov 2018 5:07 PM IST

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 1:24 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal Q3 net income declines 25 pc to USD 0.9 billion

The company's gross debt was at USS 13.0 billion as of September 30, 2018.

1 Nov 2018 2:56 PM IST