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.


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.


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.


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.


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.


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.


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.


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.


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.


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.