Profits

IT Adoption Can Help Indian Economy Grow

IT adoption increases profits by 30 percent, profitability by 3 percent and employment by more than 30 percent as per IDF study.

Exclusive: Suresh Prabhu's tweets won't save Indian Railways; with rock bottom op ratio, it's never been this bad

Train accidents in the recent past, unending passenger complaints, and falling revenues are some of the issues that will haunt the railway minister in the upcoming Union Budget presentation on 1 February

Toshiba shares fell as watchdog suspects misreporting of profits by $339.59 million

Toshiba Corp shares fell more than five percent in early trade on Wednesday after media reported the security watchdog suspects the Japanese conglomerate of misreporting profits by 40 billion yen ($339.59 million) over three years.

LG Electronics registers drop in profits as smartphone business bleeds money

LG Electronics Inc said on Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, hit by sluggish sales in its money-losing smartphone business.

Mobile network equipment maker Ericsson in crisis as profits drop 94 percent

The crisis at Ericsson deepened on Wednesday when the world's biggest maker of mobile network equipment reported a 94 percent plunge in quarterly operating profit and tumbling sales at its core networks division.

Larsen & Toubro reports 18.55% increase in consolidated net profit

Engineering major Larsen & Toubro (L&T) on Wednesday reported 18.55 percent increase in consolidated net profit at Rs 2,453.64 crore for the March quarter, and added that it expects 12-15 percent rise in revenues this fiscal.

SoftBank's profits drop, Snapdeal GMV sees 90% increase in FY'16

Japanese telecom giant SoftBank said its investee companies in India -- Snapdeal, Oyo Rooms, Ola and Hike -- saw good traction even though its own profits dropped 27 per cent for the fiscal ended March.

Don't mock the Maharaja: Air India no longer 'loss-making' airline, says govt

Efficient functioning and reduction in operational costs has helped national carrier Air India turn from a loss-making airline into an "operational profit unit"

Costs are down: Citigroup reports highest quarterly profit in nearly eight years

Citigroup reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off.

Are equity MFs losing flavour?

Most smart investors over the years have credited equities over debt instruments, as the reason for their success as investors. But, are equity Mutual Funds (MFs) loosing it's ground?