Britannia Q2 net profit jumps to Rs 270.46 cr
Britannia Industries has reported two-fold increase in its consolidated net profit at Rs 270.46 crore for the second quarter. “We have had a net profit growth of 177 percent at Rs 270.46 crore, out of which Rs 124 crore has come from sale of our land in Chennai. If you were to remove that, there... read more »
Tata Motors’ shares jump 4% despite weak earnings
MUMBAI, NOV 17: Shares of Tata Motors went up by nearly 4 per cent today, defying disappointing earnings, driven by improved margins at its flagship British arm JLR. Despite a negative opening, Tata Motors’ scrip rose 3.58 per cent to Rs 542.60 as the trade progressed at the BSE. On the NSE,... read more »
SBI may provide up to $1 billion loan for Adani’s Australia coal mine
Adani Enterprises’ $7 billion coal mine, rail and port project got a fillip on Monday, with the company signing an Memorandum of Understanding (MoU) with State Bank of India. The trading and infrastructure conglomerate signed a MoU to line up a loan of up to $1 billion from SBI for the... read more »
Headless body in two parts found in sacks
A headless body of a man chopped into two pieces was recovered from Southeast Delhi’s Ambedkar Nagar area on Sunday morning. While the torso was found in one gunny sack, the lower part of the body was found in another nearby. The head has not been found, police said. A case of murder has been... read more »
Flipkart to raise fresh funds at $10 billion valuation
MUMBAI: India’s largest online commerce player Flipkart is in the market to raise anywhere between $500 million and $1 billion in a fresh financing round, valuing the company at an... read more »
Modi’s ‘Make in India’ push to depend on Chinese steel
NEW DELHI: India’s steel consumption is expected to grow at its fastest pace in five years next year on Prime Minister Narendra Modi’s infrastructure push, but a scarcity of raw... read more »
Sensex, Nifty slip after hitting all-time highs
MUMBAI: Both the indices — Sensex and Nifty — slipped into negative zone after hitting all-time highs in early trade on fresh selling, mainly in capital goods and refinery stocks,... read more »
Domestic car sales decline 2.55% in October
NEW DELHI: Domestic passenger car sales declined 2.55 per cent to 1,59,036 units in October from 1,63,199 units in the year-ago month. Motorcycle sales last month also declined 8.73 per... read more »
Angry Arabs march in north Israel after shooting
KFAR KANA, Israel: Angry Arab-Israeli protesters took to the streets across the country on Sunday and police raised alert levels nationwide amid shock waves over the fatal shooting of a young... read more »
