Business Fwire News - Page 7

Bajaj Fin Q4 net jumps 52% to Rs 164 crore

Non-banking finance company (NBFC) Bajaj Finance today reported a 52 per cent rise in net profit to Rs 164 crore for the March quarter boosted by sound growth in disbursements and core income growth.

General Motors optimistic of sales picking up with new launches

General Motors today said it is optimistic of its sales picking up with new launches, including the Chevrolet Enjoy, the new generation premium Multi Purpose Vehicle.

GVK Power & Infrastructure Q4 loss widens to Rs 171 crore

GVK Power and Infrastructure today said its consolidated net loss widened many folds to Rs 171.01 crore in the fourth quarter ended March, 2013, largely due to increased expenses and losses incurred in the power business.

Survey shows hiring activity in India rises in April

Indicating better labour market conditions, recruitment activities improved in April on the back of increased hiring in sectors such as BPO/ ITeS,culled engineering, education and healthcare, says Monster.com.

Muthoot Finance Q4 net falls 6%; shares drop over 5%

Gold financing company Muthoot Finance today posted 6 per cent fall in net profit to Rs 220 crore for the quarter ended March 31, 2013, compared to Rs 235 crore in the same period last year.

Dr Reddys Q4 net up 67% at Rs 571 crore

Drug firm Dr Reddy's Laboratories today reported a 66.58 percent rise in its net profit to Rs 570.89 crore for the quarter ended March 31, 2013 mainly on account of robust sales across all segments.

Bhel to set up manufacturing unit in Maha; to invest Rs 500 crore

State-run Bhel today said it will invest Rs 500 crore for setting up a manufacturing facility at Bhandara in Maharashtra.

How being a shareholder transformed Shakespeare's writing

Dr Bart van Es Faculty of Oxford University's Faculty of English Language and Literature argued that Shakespeare's decision in 1594 to buy a one-eighth share in the Lord Chamberlain's Men not only made him wealthy but meant that he got to know the actors he was writing for.

RPower Q4 net up 15% at Rs 266 crore

Reliance Power today posted 15 percent jump in its net profit at Rs 266.06 crore for the quarter ended March 31, 2013.

HC sets aside I-T notices issued to BSNL for filing fresh ITRs

The Delhi High Court has set aside two Income Tax notices ordering reopening of income assessment of BSNL for 2001-02 and 2002-03 on the grounds that the telecom PSU escaped assessment by claiming excessive depreciation on its assets.

Dena Bank's net profit halves to Rs 125.67 crore

The bank had reported net profit of Rs 254.79 crore over the same period (January-March) of the previous fiscal 2011-12.

WGC, India Post ink pact to offer discount on gold coins

The consumers can buy 99.9% pure, Swiss-manufactured gold coins in denominations of 1gm, 5gm, 8gm, 10gm, 20gm and 50gm.

Jubilant FoodWorks Q4 net up 12% at Rs 33cr; plans expansion

Food services major Jubilant FoodWorks today reported a 11.52 per cent rise in net profit at Rs 32.71 crore for the quarter ended March 31, 2013, mainly on account of an increase in number of Domino's Pizza stores.

Microsoft names insider Amy Hood as CFO

Microsoft Corp on Wednesday named Amy Hood, head of finance of its Office division, as its new chief financial officer.

SKS Microfinance Q4 net at Rs 3 crore

SKS Microfinance, India's only listed micro lender, today said it made Rs 2.70 crore net profit for the fourth quarter ended March 31, 2012.

Lupin Q4 net surges nearly three-fold to Rs 408 cr

Drug major Lupin Ltd today posted nearly three-fold increase in its consolidated net profit at Rs 408.1 crore for the fourth quarter ended March 31, 2013.

Firstsource Solutions Q4 net rises 74% to Rs 40 crore

Business process outsourcing firm Firstsource Solutions today reported 74.2 per cent jump in its net profit at Rs 40.2 crore for the fourth quarter ended March 31, 2013.

Infosys partners with SAP for mobile apps to enhance retail sales

Country's second largest software firm, Infosys today said it has partnered with enterprise solutions provider SAP for developing mobile applications for the retail industry.

Allahabad Bank Q4 net profit dips by 68%

Public sector Allahabad Bank Tuesday reported a 68.47 percent dip in net profit for the quarter ended March 31, 2013, to Rs.126.15 crore from Rs.400.22 crore in the corresponding year-ago period.

Allahabad Bank Q4 profit falls 68.5% at Rs 126.15 cr

The Kolkata-based bank proposed a dividend of 60 percent, or Rs 6, per share for 2012-2013.

South Indian Bank Q4 net up 26% at Rs 154 crore

South Indian Bank has reported a 26 per cent rise in net profit at Rs 153.83 crore for the fourth quarter of 2012-13 fiscal.<br /><br />

IOC raises Rs 1,700 cr through domestic bond issue

State-owned Indian Oil Corp (IOC) today said it has raised Rs 1,700 crore through a domestic bond issue at a new benchmark low interest rate of 8.14 per cent.

Airtel's Africa operations loss widens to Rs 485 cr

Telecom giant Bharti Airtel today said the net loss from African operations has widened to Rs 485.7 crore in the January-March quarter led by slowdown in economic activity and political instability

Bajaj bike sales down 12 percent in April

BAL said exports decreased by 22.89 per cent during the month at 1,30,329 units compared to 1,69,010 units in April 2012

Andhra Bank Q4 net at Rs 345 crore

Andhra Bank today reported a marginal jump of 1.5 percent in net profit at Rs 345 crore for the fourth quarter ended March 31, 2013.