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Oriental Bank of Commerce Q1 net up by 10% to Rs 391 cr

Oriental Bank of Commerce (OBC) today reported 10.3 percent rise in net profit to Rs 391.4 crore for the first quarter ended 30 June.

Tata group's Trent Q1 net jumps 25%

Tata group firm Trent reported 24.61 percent increase in its stand-alone net profit for the quarter ended 30 June at Rs 12.76 crore.

HCC posts net loss of Rs 31 crore

Engineering and construction major Hindustan Construction Company (HCC) reported a standalone net loss of Rs 30.99 crore for the first quarter ended 30 June as against a net profit of Rs 2.87 crore in the year-ago period.

India considers price controls for patented drugs

The medicines are beyond the reach of most of India's 1.2 billion people, 40 percent of whom live below the poverty line of $1.25 a day.

To avoid excess inventory, Bosch suspends Bangalore, Nasik plants

Auto-component manufacturer Bosch Ltd said in order to avoid unnecessary build up of inventory it would suspend operations of its manufacturing plants in Bangalore and Nasik.

Arvind Textiles posts net profit of Rs 32 crore

Textile firm Arvind posted a consolidated net profit of Rs 32.47 crore for the quarter ended 30 June, 2012.

Bata India Q1 net jumps 29% to Rs 53 crore

Footwear and accessories maker Bata India reported 28.45 percent increase in its standalone net profit for the quarter ended 30 June at Rs 52.65 crore.

Shriram Finance to enter debt market with NCD issue

Shriram Transport Finance Company Ltd (STFC) said that it has entered the debt capital market with a public issue of Secured Non Convertible Debentures (NCD) of face value of Rs 1,000 each.

Recruitment co MaFoi acquires e-learning firm

Ma Foi Strategic Consultants operating in the field of strategic consulting, market research and management education ventured into e-learning domain by acquiring 51 percent stake in Axis-V

Shriram Transport Finance to raise Rs 600 crore from NCDs

Non-banking finance company Shriram Transport Finance Company (STFC) announced plans to raise Rs 600 crore through secured non-convertible debentures.

GoM approves compensation package for Air India

A ministerial panel has approved an undisclosed compensation package from Boeing Co for delayed delivery of Dreamliner aircraft for state-run Air India, Aviation Minister Ajit Singh said on Wednesday.

Novartis Q1 net profit drops 28% to Rs 27 crore

Drug firm Novartis India said its net profit declined by 28.18 percent to Rs 26.98 crore for the first quarter ended June 30, 2012, over the same period of previous fiscal.

TCS inks deal with US firm for cloud solutions

The country's largest software services firm Tata Consultancy Services (TCS) on Tuesday said it has partnered with Savvis for its 'BaNCS' suite of banking products to be offered on a cloud-enabled hosted environment in North America.

Essar Ports Q1 net jumps 73% to Rs 69 crore

Ruias-promoted Essar Ports reported 73 percent rise in net profit at Rs 68.5 crore for the first quarter ended 30 June, driven by higher revenue.

Tata Global Beverages clocks in net profit of Rs 78 crore

Tata Global Beverages Ltd posted a consolidated net profit of Rs 77.69 crore for the first quarter ended 30 June 2012.

Yamaha ropes in Deepika Padukone as brand ambassador

Yamaha Motor had earlier announced it would launch its scooter Ray, targeted at young women, in September.

Dabur Q1 net profit jumps 17% to Rs 150 crore

FMCG major Dabur India reported 16.96 percent increase in its consolidated net profit for the quarter ended June 30 at Rs 149.40 crore on account of growth in health supplements, shampoos and foods.

Aurobindo Pharma gets USFDA approval for diabetes drug

Aurobindo Pharma said it has received final approval from the US health regulator to manufacture and market Metformin Hydrochloride tablets used for treating diabetes.

Indiabulls Financial Services' Q1 net profit jumps 7% to Rs 188 cr

Indiabulls Financial Service reported 7.1 percent rise in standalone net profit at Rs 188.1 crore for the first quarter ended 30 June, 2012

IOB looks to raise Rs 1,500 crore from government

Indian Overseas Bank (IOB) said it would require around Rs 1,500 crore recapitalisation support from the government in the current fiscal.

Crisil net marginally down at Rs 44 crore

The company attributed the fall in net to a one time gain arising out of sale of an investment in the year-ago period.

This Delhi street vendors' market is a global business model

In a matter of 15 minutes a deserted road facing the capital's Indira Gandhi Stadium complex comes alive with a colourful ensemble of clothing and other utilities. Street vendors gather here every Sunday to set up a bazaar which its promoters say could serve as a global model.