Apr 24, 2014 04:14 PM
In a move to reward investors, tech giant Apple has approved an additional $30 billion share buyback by 2015 and declared a seven-for-one stock split on the back of strong iPhone sales that pushed its March quarter profit up 7 per cent. Apple increased
Apr 24, 2014 04:45 PM
To miss the target of USD 25 billion set for this fiscal India’s pharmaceutical exports registered slowest growth in at least 15 years at 1.2 per cent to USD 14.84 billion last fiscal amid growing tension with the US over intellectual property rig
Apr 24, 2014 04:55 PM
Finnish handset maker Nokia will not transfer its Chennai plant, which has become the focal point of two tax disputes, to Microsoft on Friday, which is when the acquisition is expected to be closed. This, however, does not mean that the plant is being l
Apr 24, 2014 07:57 PM
Infotech enterprises, a Hyderabad-based engineering solutions provider, on Thursday said its net profit during 2013-14 stood at Rs. 266 crore, an increase of 15 percent over last fiscal.The annual revenue of the company was Rs. 2, 206 crore, a jump of 17.
Apr 24, 2014 07:06 PM
Projected to rise from 242.66 mmscmd to 378.06 mmscmd India’s natural gas demand is likely to jump by over 55 per cent to 378 million standard cubic meters a day (mmscmd) by 2016-17 but its availability will be way short of the requirement.Natural
Apr 24, 2014 07:02 PM
The Enforcement Directorate (ED) has decided to register money laundering cases against those firms which are under the scanner of CBI, including Jindal Steel and Power Limited (JSPL) and Rathi Steel and Power. ED officials said the agency has issued di
Apr 24, 2014 04:32 PM
Cement maker ACC on Thursday reported an 8.67 per cent dip in consolidated net profit to Rs. 400 crore during the January-March quarter on higher input costs and lower realisations.ACC, which follows a January-December accounting year, had clocked a profit
Apr 24, 2014 03:43 PM
Deepak Fertilisers, the company that’s made a hostile bid for control of Vijay Mallya-promoted Mangalore Chemicals and Fertilizers Ltd (MCFL), on Friday said its stake in the company increased to 25.3 per cent after buying additional shares for abou
Apr 24, 2014 03:38 PM
State-owned life insurer LIC lowered its exposure in 15 blue-chip firms during the January- March quarter with sale of shares that are currently worth over Rs. 6,300 crore.At the same time, LIC increased stake in 12 Sensex firms by purchasing shares worth
Apr 24, 2014 03:14 PM
Amid widening demand-supply gap and increased requirement of dry-fuel, the country’s major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonnes (MT) in 2013.Handling of coking coal, which is used mainly for steel-making,
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