Business News
HCL Tech Q3 net profit up 59 pc at Rs 1,624 cr
IT services firm HCL Technologies on Thursday posted 59 per cent increase in net profit at Rs 1,624 crore for the quarter ended March 31, 2014.The Noida-based firm had posted a net profit of Rs 1,021 crore in the corresponding quarter of last fiscal…
Sensex rises to fresh record high; capital goods stocks gain
A benchmark index of Indian equities markets touched a new record high of 22,792.49 points for the second consecutive day on Thursday, surpassing the high of 22,740.04 points it touched on Wednesday.Healthy buying was observed in capital goods, banks and automobile stocks, while healthcare,…
RBI allows foreign investors to hedge currency risks
To improve risk mitigating environment in the country, the Reserve Bank of India (RBI) has allowed overseas investors to hedge their currency exposure.In its first bi-monthly policy, the central bank, in order to enhance hedging facilities for foreign investors in debt instruments, proposed to…
Grounded Kingfisher posts $132 million Q3 loss
Vijay Mallya's grounded Kingfisher Airlines has reported yet another quarterly loss as it had no income from operations. The airline has not flown in more than a year.The low-cost carrier on Wednesday said net loss was Rs 8.22 billion for its third quarter ended…
BSE Sensex falls on selling by funds, retail investors
The BSE Sensex fell over 90 points in opening trade on selling by foreign funds and retail investors, triggered by a weak trend in the Asian region. The 30-share index of the Bombay Stock Exchange fell by 90.36 points, or 0.44 per cent, to 20,423.49.…
Delhi Metro expansion to be funded by $1.95 bn Japanese loan
Japan on Saturday announced 200 billion yen ($1.95 bn) in new loans for extension of the Delhi Metro and two other projects as visiting Japanese Prime Minister Shinzo Abe and Prime Minister Manmohan Singh held talks in New Delhi on boosting economic and strategic cooperation.…
Bharti Airtel to acquire Warid's Congo operations
In a bid to strengthen its footprint in the African market, Bharti Airtel on Tuesday said it has entered into a definitive agreement with the Warid Group to acquire its Congo operations.The acquisition will make Airtel the largest mobile operator in the Republic of…
BSE Sensex regains 21,000 level after a gap of almost 3 years
Snapping a two-session losing streak, the benchmark BSE Sensex rose above the 21,000 level for the first time in nearly 3 years on Thursday following capital inflows ahead of the RBI's policy review next week.At 10.08 am, Sensex was up 254.46 points at 21022.34.…
Forex reserves rise from $1.51 bn to $279 bn
India's foreign exchange reserves rose by a healthy $1.51 billion to touch $279.240 billion in the week to October 11 on account of growth in a key component of the assets, the Reserve Bank said on Friday.This was the second straight week of gains.…
Jaguar Land Rover global sales up 28 per cent in August
Tata Motors-owned Jaguar Land Rover has reported a 28 per cent increase in its global sales in August this year at 27,852 units.The auto major's sales jumped 43 per cent in the China Region, 40 per cent in North America, 36 per cent in…
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