Archive for Business
Bharti Airtel Q1 profit up 24% on Africa tower assets sale
Bharti Airtel , the country's largest telecom operator, surpassed analysts' estimates on Tuesday with first quarter profit surging percent sequentially to Rs 1, crore. The bottomline was boosted by one-time…
HDFC Bank, Snapdeal launch e-commerce credit card
HDFC Bank and Snapdeal on Monday launched the country's first co-branded e-commerce credit card in partnership with Visa. Snapdeal said that the move is aimed at encouraging more people from…
Users will ‘like’ it: Myntra aims to become Facebook of fashion
Online fashion site Myntra wants to turn itself into a fashion network where users can invite friends, form a group, chat, upload photos and seek out the opinion of friends…
To battle Flipkart and Amazon, Snapdeal set to raise $500 mn from Alibaba, SoftBank, Foxconn
Beijing - Online marketplace Snapdeal is set to raise $500 million (Rs 3, crore) in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of…
Factory growth bucks Asia trend, speeds to six-month high in July – PMI
NEW DELHI: Indian manufacturing activity expanded at its fastest pace in six months in July as new export orders accelerated, a business survey showed on Monday. The Nikkei Manufacturing Purchasing…
Larsen & Toubro posts over 37% slide in Q1 profit
Larsen & Toubro Ltd reported on Friday a net profit of Rs 600 crore for its first quarter, more than a third down on the previous year, and the engineering…
Tata Mutual Fund renames, restructures existing scheme
MUMBAI: Tata Mutual Fund has restructured its already existing monthly income fund with added features and renamed it as Regular Savings Equity Fund. "Tata Regular Savings Equity Fund is part…
Uber to Invest $1 Billion in India in Next 9 Months
Uber Technologies Inc will invest $1 billion in India in the next nine months as the online ride hailing company is bullish on the Indian market. Uber said it would…
Sunil Mittal of Bharti Airtel earned 324-times of median staff pay last year
Telecom czar and Bharti Airtel Chairman Sunil Bharti Mittal has got a total pay package of Rs crore for the latest fiscal, an amount which is a huge 324 times…
Airtel Launches 4G Trials in Shillong
The country's largest private telecom operator Bharti Airtel on Thursday rolled out latest 4G technology in Meghalaya's capital Shillong, the first in North East. "Bharti Airtel Ltd, a leading global…
Nestle India falls after company reports first loss in over three decades
NEW DELHI: Shares of Nestle India fell per cent in intraday trade on Thursday after the company on Wednesday posted its first loss in over three decades for the quarter…
SpiceJet in talks with Boeing, Airbus for $11 billion jet deal
NEW DELHI: Budget airline SpiceJetBSE % Ltd is in talks with Boeing Co and Airbus Group to acquire about 100 new narrow-body jets, its chief financial officer said on Wednesday,…