Business

Siemens' net profit drops 22.5% in Q1

Fri, 08/05/2016 - 20:24

Mumbai, Aug 5 (IANS) Siemens said on Friday posted net profit of Rs 130.03 crore for the April-June quarter, down 22.5 percent as compared to Rs 168.25 crore clocked during the corresponding period a year ago.

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GST to boost long-term growth: World Bank economist

Fri, 08/05/2016 - 20:02

Kolkata, Aug 5 (IANS) With the Rajya Sabha passing the Goods and Services Tax (GST) Bill, World Bank Chief Economist Kaushik Basu on Friday said the new tax regime will usher in long-term economic benefit, though there could also be short-term price jerk or inflation.

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Coal India secures 96% booking for auction for CPPs

Fri, 08/05/2016 - 19:10

Kolkata, Aug 5 (IANS) Coal India Ltd (CIL) secured a booking of 18.07 million tonnes (mt) of coal against the offer of 18.86 mt in the recently-concluded coal linkage e-auction for captive power plants (CPPs), a company official said on Friday.

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Heavy rains lash Mumbai, road, rail, air traffic hit

Fri, 08/05/2016 - 18:36

Mumbai, Aug 5 (IANS) Heavy rains since Friday morning led to waterlogging in many parts of the city and suburbs, and disrupted rail and road traffic and flight operations, officials said.

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LeEco to invest Rs 1,330 crore on content aggregation in India

Fri, 08/05/2016 - 18:32

New Delhi, Aug 5 (IANS) A day after launching Super3 series of televisions, Chinese internet conglomarate LeEco is likely to invest nearly Rs 1,330 crore into media-entertainment industry for content aggregation, sources said here on Friday.

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Railways lost Rs 1,602 cr due to concessions

Fri, 08/05/2016 - 18:26

New Delhi, Aug 5 (IANS) Indian Railway suffered a revenue loss of Rs 1,602 crore in the year 2015-16 over various concessions being given to passengers.

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Micromax Canvas Unite 4 Plus launched at Rs 7,999

Fri, 08/05/2016 - 17:54

New Delhi, Aug 5 (IANS) Domestic smartphone-maker Micromax on Friday launched Unite 4 Plus smartphone for Rs 7,999, thus extending its successful regional language-based Canvas Unite Series in the country.

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Boeing 787, 737 parts-manufacturing contract awarded to CIM Tools

Fri, 08/05/2016 - 17:50

New Delhi, Aug 5 (IANS) Global aircraft manufacturer Boeing on Friday said it has awarded a contract for manufacture of titanium machined parts and aluminium assemblies for the 787 Dreamliner and 737 airplanes to Bengaluru-based CIM Tools.

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Latest innovations on display at PharmaLytica

Fri, 08/05/2016 - 17:40

Hyderabad, Aug 5 (IANS) Latest technologies in analytical lab equipment and quality control are on display at the third edition of PharmaLytica, which began here on Friday.

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Marico's Q1 net profit rises to 17.23%

Fri, 08/05/2016 - 17:26

Mumbai, Aug 5 (IANS) Fast moving consumer goods (FMCG) major Marico on Friday reported a rise of 17.23 per cent in its consolidated net profit for the first quarter (Q1) ended June 30.

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