UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, said its Q1 revenue rose by 23.3% to Rs.1,306 million in Q1FY16. PBT for the quarter stood at ₹183 million, up 43.8% compared to Rs.127 million in the corresponding quarter last year. The Company’s PAT […]
The State Bank of India said it has fixed certain “control gaps” in its Hong Kong branch that led to a fine of Rs 6.17 cr by the local regulator. ‘”The control gaps related to the past and have since been remediated with appropriate enhancements in policies and procedures,” SBI said. “HKMA (Hong Kong Monetary […]
The shipping corporation of India(SCI) one of the largest Indian shipping Company, declared its financial results for Q1 ending 30th June 2015 noted a net profit of Rs 163.54 crores as compared to a net profit of 49 crore registered in Q1 ended 30th June 2014. The company had marked a net profit of Rs. […]
India came third in the number of candidates who took the CFA or Chartered Financial Analyst exam in June, organizers said. Of the 125,443 candidates who sat for the exams globally, 10,651 were from India, CFA Institute said. A total of 57,476 candidates passed the exams. Only the United States (30,715) and China (21,057) had […]
Indirect Tax Collections figures for the first four months of the financial year have pointed to an increase in the tax collection as compared to last year. Indirect tax collection for April-July 2015 registered increased by 37.6% over the same period last year, says the release published by CBEC. For July 2015, increase in indirect […]
IDBI Bank reported a net profit of Rs 135 Crore for the quarter ended June 30, 2015 and Rs 873 Crore for year ended March 31, 2015 as against Rs 106 Crore for the quarter ended June 30, 2014 registering a growth of 27%. Total business (deposits and advances) as of June 30, 2015 stood […]
IndusInd Bank said it has raised a total of Rs 5,081 cr by selling 6 cr (60 mln) shares to its promoters and qualified institutional investors. “The raised capital will be used to support the Bank’s growth and also augment total Capital Adequacy Ratio. The QIP issue addressed to foreign and domestic institutional investors was […]
QUAAditya Birla Nuvo, the diversified business company, reported a 10% increase in its first-quarter revenue to Rs 6,820 crore, while net profit rose 50% to Rs 397 crore. EBITDA rose 31% to Rs 1,671 crore. Financial Services Aditya Birla Financial Services (ABFS) assets under management (AUM) grew by 29% to USD 28.9 billion (Rs 173,170 […]
Power Transmission and Distribution services provider BS Ltd said revenue almost doubled in the first quarter of the current financial year. It reported a consolidated total turnover of INR 970 crore in the first quarter from Rs 502 cr in the same quarter of last year. Net profit jumped to Rs 24 crore from Rs […]
SpiceJet today announced the addition of three new flights and 137 new connections to its current network. All of these new flights and connections are between cities currently served by the airline, and give passengers even more options to get from one place to another on the network on a single airline with a single […]
India Ratings and Research has downgraded Shree Renuka Sugars Limited to IND BB- from IND BBB- fearing liquidity problems caused by falling sugar prices. It also held out a bleak outlook for the sugar industry in general. “The downgrade reflects the likelihood of higher-than-expected liquidity concerns post Ind-Ra’s further interactions with SRSL’s management amid falling […]
Housing.com, which recently fired its founder and CEO Rahul Yadav, said it had appointed Jason Kothari as its Chief Business Officer and member of the Operating Committee to drive its overall strategy and growth in India. Jason, together with iCEO & COO Rishabh Gupta, will be reporting to the Operating Committee and the Board, the […]
Air India has increased the baggage allowance for domestic economy class passengers to 25 kg, or 10 kg more than what most private airlines in India offer. Air India said it was the only airline in India to offer so much as baggage allowance on domestic economy class tickets. “This offer is valid from Aug […]
Federal Bank said customers can now avail loans against fixed deposits through its online platform, and that the first 3,000 customers will get interest rate concessions. “Fed-E-Credit is an online loan against deposit, and is the first in the series of online loan products planned by the Bank,” it said. Through Fed-E-Credit, customers can apply […]
The compliance window in the black money law has created more confusion and fear in the minds of the industry leaders, professionals, trading entrepreneurs, than giving any comfort of stress-free regime that treats the tax-payers with respect, the ASSOCHAM said. India’s black money law has tough provisions for those found to be holding assets and […]
Bosch Ltd, a supplier of technology and services, reported a 7.5% increase in net sales and income from operations in the first quarter of the financial year 2015-16 to Rs 2,532 crores. Profit Before Tax (PBT) increased by 17.8 percent and stood at Rs 516 crores. Profit After Tax (PAT) stood at INR 344 crores, […]
State Bank of India said its Net Profit increased by 10.25% from Rs 3,349 crores in last year to Rs 3,692 crores in the first quarter. SBI’s operating profit increased by 4.72% from Rs 8,788 crores in the same quarter last year to Rs 9,202 crores in the first quarter. Fee income increased by 12.86% […]
Yamaha Motor India today launched the YZF-R3 sports bike at the Budhha International Circuit near Delhi. The YZF – R3 will cost the Indian buyers Rs 3.23 lakh and will be available at select authorised Yamaha dealerships in two colour schemes – Racing Blue and Black Lightning. The all new Yamaha YZF – R3 mounts […]
Shree Uttam Steel and Power Ltd, a part of Uttam Galva Group and POSCO Korea, today signed a Memorandum of Agreement to set up an integrated steel manufacturing facility under a Joint Venture arrangement in India. The agreement was signed in Mumbai today. The memorandum of agreement is the first step of a process to […]
NDTV and TV Today said they had received show cause notices from the ministry of information and broadcasting for airing programs on the suitability of the death penalty for Yakub Memon, who was hanged to death last week. “The Company firmly believes that it has not violated any law while covering the said news and […]
