Business

Aviation 5/20 rule anarchic, but rules are rules: Minister

Thu, 04/28/2016 - 18:34

New Delhi, April 28 (IANS) Even as a new civil aviation policy is set to be unveiled soon, the minister in charge feels the 5/20 rule for carriers, stipulating five years' operations and a fleet of 20 aircraft as a pre-requisite to fly overseas, is anarchic and that he will change it if he has his way.

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ACC net profit down 4 percent in Q1

Thu, 04/28/2016 - 18:26

Mumbai, April 28 (IANS) Cement maker ACC, which follows the calendar year in its accounting system, Thursday said it posted a decline of 4 percent in its consolidated net profit during the January-March quarter at Rs. 226.95 crore from Rs.236.54 crore in the same period last year.

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Morocco can be India's window to Africa, EU, North America

Thu, 04/28/2016 - 18:20

New Delhi, April 28 (IANS) Morocco, which has free trade pacts with countries in North America and Europe, can be a window for Indian businesses in these regions, according to a Moroccan business delegation on a visit to India.

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Reserve Bank proposes match-making platform for loans

Thu, 04/28/2016 - 18:00

Mumbai, April 28 (IANS) The Reserve Bank of India (RBI) wants to allow peer-to-peer lending, a popular concept in developed countries where the borrower and the credit-seeker are matched on a platform for negotiating unsecured loans.

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Essilor India achieves 20 percent sales growth in FY16

Thu, 04/28/2016 - 17:54

Kolkata, April 28 (IANS) The world's leading ophthalmic lens maker Essilor India has achieved over 20 percent growth in sales in the last fiscal and expects to maintain the same growth rate in the current fiscal, an official said on Thursday.

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Dabur's Q4 net up 16.6 percent

Thu, 04/28/2016 - 17:42

New Delhi, April 28 (IANS) Helped by good growth across key categories like oral care, home care, foods and hair oils, Dabur India posted net profit of 16.6 percent for the fourth quarter (January-March) of 2015-16, a company statement said here on Thursday.

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India can gain from China's waning grip on apparel world: World Bank

Thu, 04/28/2016 - 17:34

New Delhi, April 28 (IANS) With China losing sheen as the global leader in the apparel market, India needs to take specific steps like lowering input duties and extending market access to fill that space, otherwise be cornered by southeast Asian countries, the World Bank has said.

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UN body expresses optimism on Bangladeshi economy

Thu, 04/28/2016 - 17:30

Dhaka, April 28 (IANS) A UN body on Thursday expressed its optimism about Bangladesh's potential though it trimmed its growth forecast for 2015-16 fiscal (July 2015-June 2016) at 6.8 percent.

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HCL Technologies standalone net up 7 percent

Thu, 04/28/2016 - 16:38

Mumbai, April 28 (IANS) IT services company HCL Technologies on Thursday said it posted a rise of 7.07 percent in its standalone net profit for the quarter ending March 31, 2016, at Rs.1,675.45 crore against Rs.1,564.74 crore in the same period of 2015.

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'All nook and corner to come under Road network by 2019'

Thu, 04/28/2016 - 16:06

New Delhi, April 28 (IANS) The government is serious about bringing radical changes in road conditions in the country and, by 2019, it will ensure no nook and corner of the country remains uncovered under the road network, the Lok Sabha was told on Thursday.

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