Business

Biocon net up 79 percent in fourth quarter

Wed, 04/27/2016 - 21:48

Bengaluru, April 27 (IANS) Biotech major Biocon Ltd. has posted consolidated net profit of Rs.361 crore for the fourth quarter (January-April) of fiscal 2015-16, registering a whopping 79 percent growth year-on-year (YoY) from Rs.201 crore in the like period a year ago.

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Infosys invests in US-based data solution firm

Wed, 04/27/2016 - 21:46

Bengaluru, April 27 (IANS) Global software major Infosys Ltd. on Wednesday announced investing an unspecified amount in US-based data software firm Trifacta which enables non-technical users to transform data for analysis.

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Rules will be changed to promote timber farming: Minister

Wed, 04/27/2016 - 21:42

New Delhi, April 27 (IANS) The environment ministry will soon change rules to explore opportunities in timber farming, which as of now is largely prohibited, union minister Prakash Javadekar said on Wednesday.

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Cabinet nod for Rs.3000 crore investment in Bharat Oman Refineries

Wed, 04/27/2016 - 21:20

New Delhi, April 27 (IANS) The union cabinet on Wednesday permitted oil marketer Bharat Petroleum Corporation Ltd. (BPCL) to increase its investment in Bharat Oman Refineries Ltd. (BORL) up to a maximum of Rs.3,000 crore to further increase the capacity of BORL's Bina refinery in Madhya Pradesh.

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Subrata Roy's freedom linked to sale of Sahara assets: SC

Wed, 04/27/2016 - 21:12

New Delhi, April 27 (IANS) The Supreme Court on Wednesday said the possibility of Sahara chief Subrata Roy's release from jail would depend on the outcome of the first round of auction of Sahara's assets by market regulator SEBI.

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India-UAE insurance regulators' cooperation MoU approved

Wed, 04/27/2016 - 21:04

New Delhi, April 27 (IANS) The government on Wednesday approved a memorandum of understanding (MoU) to enhance cooperation between India's insurance regulator and Insurance Authority of United Arab Emirates (UAE).

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Travelkhana.com says delivered five lakh meals

Wed, 04/27/2016 - 20:44

New Delhi, April 27 (IANS) Transit food ordering marketplace Travelkhana.com on Wednesday said it had delivered more than five lakh meals to travelling passengers since October 2015.

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Bankruptcy code cleared by parliamentary panel: Jaitley

Wed, 04/27/2016 - 20:36

New Delhi, April 27 (IANS) The proposed Bankruptcy and Insolvency Code has been cleared by a joint parliamentary standing committee and is likely to be discussed in the current budget session, Finance Minister Arun Jaitley said on Wednesday.

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Shell opens global in-house IT centre in Bengaluru

Wed, 04/27/2016 - 20:26

Bengaluru, April 27 (IANS) Global oil and gas major Shell's Indian arm Shell India Markets on Wednesday inaugurated its in-house global IT centre here, with plans to recruit 1,000 professionals in 2016 and thousands more by 2020.

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Norway's Telenor takes $368 mn write-down on India operations

Wed, 04/27/2016 - 19:54

New Delhi, April 27 (IANS) Norwegian telecom giant Telenor has cut the valuation of its India operations by nearly $375 million and said its operations in the country were under pressure, even as it looks forward to acquiring spectrum in the upcoming auctions at reasonable rates.

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Funds for '3P India' in 2014-15 budget not utilised: Jayant Sinha

Wed, 04/27/2016 - 19:50

New Delhi, April 27 (IANS) The finance ministry has said the government could not utilise the funds earmarked in the 2014-15 budget for '3P India', as the proposed entity for the public-private-partnership projects was not established during that fiscal.

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Steel prices have fallen 27-30 percent in two years

Wed, 04/27/2016 - 19:48

New Delhi, April 27 (IANS) The government on Wednesday said steel prices in the country have fallen by 27-30 percent in the last two years, and are among the lowest internationally.

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