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 »
ICC awards: Mitchell Johnson wins top two accolades
Australia fast bowler Mitchell Johnson has been named both the cricketer of the year and Test cricketer of the year by the International Cricket Council. Johnson, 33, also won cricketer of... read more »
Inflation drops to 5-year low of 1.77% in October
Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77% in October. The Wholesale Price Index (WPI) based inflation was at... read more »
Delhi Electricity Regulatory Commission Withdraws Power Tariff Hike
The Delhi Electricity Regulatory Commission or DERC has withdrawn the power tariff hike of up to seven per cent in the national capital which was announced last night, according to the... read more »
Reliance Infra exits Mumbai Metro Phase II, blames govt for not meeting promises
Mumbai: Blaming the Maharashtra government for “non-fulfilment of certain critical obligations”, Reliance Infrastructure (RInfra) today walked out of the contract to develop the... read more »
Excise duty on petrol, diesel hiked, prices not to rise
To boost the exchequer’s finances and help contain fiscal deficit — the amount of money that the government borrows to fund its expenses — the Centre on Thursday hiked the excise duty on both... read more »
