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Reliance Industries Ltd revises petition, seeks government action on arbitration notice
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A day after the oil ministry slapped a notice of $1.2 billion, or about Rs 7,000 crore, on Reliance Industries Ltd (RIL) for a sharp fall in gas output from its showcase Andhra offshore field,
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Loop Telecom invokes India-Mauritius bilateral investment treaty
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Mauritius-based Capital Global and Kaif Investment, investors of Loop Telecom have invoked the India-Mauritius bilateral investment treaty, joining the league of other telecom companies including Vodafone
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Cipla may cut prices of other cancer drugs too
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Domestic pharma major Cipla may extend its "affordable and humanitarian" pricing strategy on other anti-cancer drugs in its portfolio, even as domestic generic companies
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KEC Net Sales increases by 29.9pc
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KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, announced its audited results for the financial year (FY) 2011-12 and unaudited results for the fourth quarter (Q4) ended March 31, 2012.
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Airtel FY12 revenues up by 20pc
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Telecom major Bharti Airtel has announced its consolidated IFRS results for the fourth quarter and year ended March 31, 2012.
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Audi launches new A4 model
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German luxury car manufacturer Audi Thursday launched a new version of its A4 model in the country. It encompasses several new features, including 10 percent improved fuel efficiency,
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Abbott ties up with Syngene
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Abbott, one of India's largest health care companies, Thursday announced plans to establish its first nutrition research and development center in the country in collaboration with Syngene, India's leading contract research
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Bosch to invest Rs.300 crore for capacity expansion
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Global supplier of automotive and industrial products and services Bosch group would invest Rs.300 crore to expand production capacity and headcount
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Britannia to target housewives to boost snacks sales
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Britannia Industries would be targeting women, especially housewives, to boost sales of snacks to maintain its leadership in the cracker segment, a top company
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TCL launches two new facilities
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Tata Chemicals Ltd. (TCL), a leading manufacturer of chemicals, fertilizers and food additives, has announced the successful installation of its two new facilities
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Chatterjee group’s move questioned
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The move of the Chatterjee group to approach the International Council of Arbitration for resolution of transfer of 155 million shares of Haldia Petrochemicals Limited (HPL) in its favour was questioned by HPL counsel, Mr Pratap Chatterjee in Calcutta High Court today.
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IIFCL full-year net doubles to Rs 678 cr
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Infrastructure lender, India Infrastructure Finance Company Ltd (IIFCL), has reported a 105 per cent increase in net profit for the year ended March 31, 2012 at Rs 678 crore (Rs 330 crore).
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Sony India plans to hire 500
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Despite an estimated global loss of $2.9 billion and plan of laying off 10,000 workers globally, Sony is looking at increasing its workforce in India by 500 in the current financial year.
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Wipro profit up 7.7% at Rs 1,481 crore
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IT major Wipro on Wednesday reported 7.7% increase in consolidated net profit at Rs 1,480.9 crore for the fourth quarter ended March 31.
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Wipro net up eight percent in fourth quarter
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Wipro Ltd has posted a net profit of Rs.14.81 billion (Rs.1,481 crore) for fourth quarter (January-March) of fiscal 2011-12, registering an eight percent increase year-on-year
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Wipro projects flat IT revenue for first quarter
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Wipro Ltd has projected an average revenue of USD 1.54 billion for the first quarter (April-June) from its global IT services business, indicating a flat sequential growth under the International Financial Reporting Standards
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France's Thales eyes big in India's metro, rail projects
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French defence, aerospace and technology giant Thales sees a huge opportunity in India's public transport sector and plans to bid for upcoming metro and rail projects across the country,
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Sony to roll out four new DSLR cameras
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Sony will roll out four new digital still cameras in the next couple of months in a bid to increase its market share in the segment, a top company
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Cera Sanitaryware net up 20%
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Cera Sanitaryware Ltd on Wednesday said its sales income for the financial year ended March 31, 2012, has increased by 32 per cent and profit after tax (PAT) by 20 per cent
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LG Electronics posts USD 394 mn operating profit
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LG Electronics has posted 448.2 billion won (USD 394 million) in operating profit for the first quarter, a regulatory filing showed
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Single digit salary hike in store for Wipro employees
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Wipro employees could expect a single digit salary hike this year. Mr Pratik Kumar, Executive Vice-President, Human Resources, Wipro Ltd, said the company
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Ericsson India’s revenues down 55%
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The uncertainty in the Indian telecom sector is now beginning to reflect on global equipment vendors’ revenues.
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TalentSprint raises Rs 20 cr from Nexus Venture
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TalentSprint, a skill development institute, has raised Rs 20 crore in Series A equity funding from Nexus Venture Partners.
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Kerala Communicators ties up with Conax
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Kerala Communicators Cable Ltd (KCCL) has tied up with content security provider Conax. The deal will facilitate smooth digital migration and advanced service offerings for the 200-operator-strong KCCL. Currently
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Aurobindo gets FDA nod for olanzapine tablets
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Aurobindo Pharma Ltd has received final approval from the US Food and Drug Administration to manufacture and market Olanzapine tablets.
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