Business Fwire News - Page 3

Tata Power Q2 net profit at Rs 74.97 cr, Mundra, Maithon plants help

Total income increased 14 percent to Rs 8,764.69 crore due to operations of all units at its Mundra and Maithon plants, Tata Power said.

Bombay Dyeing suffers Q2 net loss at Rs 62 cr

The company had posted a net loss of Rs 27.74 crore during the same period of previous fiscal.

MTNL narrows Q2 net loss to Rs 947 cr

MTNL had last reported narrowing of loss in fourth quarter ended 31 March 2011.

REC Q2 net profit up 16% at Rs 1,111 cr

Total income of the company rose to Rs 4,210.42 crore for the period as against Rs 3,291.85 crore in the same period last fiscal (2012-13).

Nalco Q2 net profit jumps manifold to Rs 179 cr

The company's chemicals business, which dislodged aluminium from being the main business in Q2, increased by 49 percent to Rs 965.50 crore.<br /><br />

US, EU resume negotiations to grow bilateral trade and investment

The negotiations are taking place against the backdrop of European pique over reported US electronic espionage, and were delayed due to the U.S. government shutdown.

United Bank of India books loss of Rs 489 cr in Q2

The Kolkata-based state-owned lender had earned a net profit of Rs 144.63 crore for the same period of 2012-13.

Air India plane to Kochi with minister on board returns after snag

The pilots, as a precautionary measure, informed the air traffic control tower at Delhi and sought permission to land.

Maruti Suzuki India reports increase in October sales

Country's largest carmaker Maruti Suzuki India (MSI) reported 1.91 per cent increase in total sales for October at 1,05,087 units as against 1,03,108 in the October last year.

SpiceJet to expand international reach next year

The carrier is starting a Bangalore-Bangkok direct flight from Friday.

JPMorgan settlement could cost bank close to $9 bn

JPMorgan Chase & Co's preliminary $13 billion mortgage settlement with the US government could end up costing the bank as little as $9 billion after taxes, because the majority of the deal is expected to be tax deductible, two sources said.

Citi India posts loan growth of 7.4% at $7.1 bn in Q3

Meanwhile, Citigroup's allowance for loan losses stood at $20.6 billion in September quarter.

Airtel, Idea, Vodafone hike mobile internet rates

The companies did not specify the date or time from when these rates were changed.

India's struggling sugar mills seek solace in ethanol

Mills were supplying ethanol at around Rs 38 per litre in the latest tender, with imported gasoline costing Rs 46 per litre.

Kingfisher Strong wins Asia's best strong beer award

United Breweries Limited on Thursday said its beer brand Kingfisher Strong has been recognised as 'Asia's Best Strong Lager Beer' at the prestigious World Beer Awards- 2013 held in UK recently.

Oil spill: ONGC fixes leaky pipeline off Mumbai coast

The leak was plugged by morning and ONGC teams were using chemicals to control the small quantity of oil floating on the sea surface.

Indian Oil sole bidder for Haldia Petrochemicals

RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.

After metros, burrp! to launch in 41 cities across India

The new cities where the website will be launched are mostly tourist destinations.

Lupin launches generic ophthalmic solution in US market

Drug major Lupin today said it has launched the generic version of Allergan Inc's Zymaxid Ophthalmic Solution in the US market with 180 days of marketing exclusivity.<br /><br />

Survey: Employment in Britain's manufacturing sector at its peak

The British manufacturing sector continued to expand during September with employment surging to a 28-month peak, said a market sensitive report.

15 kg gold, Rs 3 lakhs robbed from finance company office in Nashik

The five men entered the Manappuram Gold Loan office in a busy locality on Nashik road last evening and first disconnected the CCTVs, telephone lines and siren while holding the staff at gun point.

Now, IKEA to sell solar panels for homes

Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide.

CIC questions Civil Aviation Min on international routes to airlines

The Central Information Commission has directed the Civil Aviation Ministry to disclose reasons for allotting international routes to Indian operators.

Philanthropy can't be forced: Azim Premji on mandatory CSR

Referring to the issue related to Corporate Social Responsibility (CSR), which has been made mandatory by the new laws that govern companies, IT czar Azim Premji today said philanthropy cannot be forced and it has to be spontaneous.

Telenor India says it has broken even in two more zones

Telenor's Indian unit has achieved breakeven in two more telecommunication zones it operates in, the unit's chief executive Yogesh Malik said on Thursday.

Asia-Pacific to need 200,000 pilots, technicians: Boeing

Leading the region in projected demand for new pilots and technicians is China with 77,400 pilots and 93,900 technicians.

ONGC approves $560 mn Rajasthan investment plan

ONGC, which holds the remaining 30 percent interest in the block, did extensive studies before approving of the EOR investment plan.