New India Assurance Q1 net rises 42% to Rs 441 crore

Domestic premium of the company went up by 14 per cent to Rs 3,877 crore in Q1FY16 against Rs 3,398

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July is now fifth busiest high-grade month on record

US investment-grade issuers raised US$132.252bn selling bonds in July, making it the fifth busiest month on record and the third

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Greek stock market says to reopen on Monday

Earlier on Friday, the exchange said the decree from the Finance Ministry was the only obstacle to resuming trade on

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Windows 10 gets 14 million installation on first day

Microsoft said that some 14 million people installed the Windows 10 operating system in the first 24 hours, calling the

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Suzlon posts Q1 net profit of Rs 1,047 crore

Wind turbine maker Suzlon Energy Ltd today posted consolidated net profit of Rs 1,047.41 crore for the quarter ended on

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Twitter interface now available in six Indian languages

Twitter said it has added four more Indian languages in which the popular micro-blogging website can be used.           Read

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Ujjivan Financial Services plans to raise Rs 500 crore via NCDs in FY16

Microfinance lender Ujjivan Financial Services today said it is planning to raise Rs 500 crore this fiscal through non-convertible debentures.

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Tyagi attended RBI’s board meet but may not have taken oath

Ajay Tyagi, additional secretary in the finance ministry, attended Reserve Bank of India’s Chennai earlier this month, but may not

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ITC chairman questions NGO funding

ITC chairman Y C Deveshwar said that foreign funded non-government organisations with vested interests were prodding the government to increase

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Life Insurance Council gets executive council

Life Insurance Council has got its first executive committee elected today           Read More

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New India Assurance Q1 profit up 42% at Rs 441 cr

New India Assurance saw a 42% increase in its profit after tax on account of reduction in incurred claims and

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Dow, S&P dragged down by poor earnings from Exxon, Chevron

The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron,

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Leading NBFCs are bigger than many PSBs

Slowly but steadily, non-banking finance companies (NBFCs), such as Shriram Transport Finance and Bajaj Finance, are claiming the ground vacated

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Sarma appointed director of L&T, CEO of hydrocarbon subsidiary

L&T today appointed Subramanian Sarma as non-executive director and also the CEO & Managing Director of its wholly-owned subsidiary –

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FM radio phase 3 auction rakes in Rs 714 cr in 20 rounds

The phase three FM radio auction that started on July 27 will continue well into next week           Read More

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Baltic indices double but shipping companies not enthused

Baltic indices have been in a recovery mode since the last few months with Baltic Dry Index even doubling to

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L&T: Profit miss in Q1 a blip

Larsen & Toubro (L&T)’s June’15 quarter (Q1) performance was a big miss on the profit front. While revenues at Rs

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Govt could compromise on Land Bill 2015

There could be substantial dilution of even the amended version passed by the Lok Sabha           Read More

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Govt to infuse additional Rs 800 crore into Air India

The Finance Ministry today sought Parliament’s nod for making an additional equity infusion into Air India worth Rs 800 crore,

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Vyapam: SC asks CBI to inform it on taking over maximum cases

The Supreme Court today told CBI to inform it in three weeks about taking over of investigation of maximum number

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After last year’s high, slow start to PM Relief Fund inflow

Collections for the Prime Minister’s National Relief Fund (PMNRF) appear to have been slow at Rs 134.7 crore in the

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Cigarette back-up plan will reap benefits soon: Deveshwar

ITC’s back-up plan to offset the losses on account of tight regulation on cigarettes business would reap benefits soon, its

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CBI Court convicts Canara Bank official for six years

The Additional District & Sessions Judge and Special Judge for CBI Cases today convicted an official of Canara Bank and

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Govt to bar sale of sub-standard stainless steel, utensil makers face uncertain future

BIS hallmark mandatory from 3 months from date of official notification, stainless steel manufacturers welcome move Read More

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Banking stocks lead biggest market gain in 30 sessions

Banking stocks ran the show on Friday as shares bounced back after the government announced a capital infusion plan for

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600th Dell exclusive store launched

Dell India, announced the launch of its 600th Dell Exclusive Store (DES), inaugurated by Phil Bryant, Vice President – Consumer

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Delhi Development Authority gets new vice chairman in former Joint Secretary Revenue Arun Goel

Arun Goel has taken over as the new vice chairman of the Delhi Development Authority, replacing Balvinder Kumar.           Read

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TCS exploring feasibility of expanding into Africa

In an interview, Ravi Viswanathan, president for growth markets for TCS said that they were looking at ‘feasibility of expanding

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Options market sees oil price fall despite OPEC confidence

OPEC seem confident in recovery of oil prices, but the derivatives market is geared for an alternative scenario: a fall

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Ascendas India acquires multi-tenanted IT building in Hyderabad for Rs 294 crore

Ascendas India Trust has announced acquiring an IT building housing large multinationals in Hyderabad for Rs 294 crore.           Read

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Facebook’s solar-powered data-beaming drone set to take off

Mark Zuckerberg, founder of the social-networking site Facebook, on Friday announced the completion of its first full-scale drone, the ‘Aquila’.

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Get ready to test 8,650-8,700 on Nifty: Sandeep Wagle

Nifty is ready to move towards 8,650-8,700 range, says Wagle. On the downside, 8,450 on the index may not be

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Oil falls after OPEC comments imply no supply cut

Badri said rising demand would prevent a further fall in oil prices and suggested cuts in OPEC output would have

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Zinc futures drop 0.28% on weak global cues

At the Multi Commodity Exchange, zinc prices for delivery in August declined 35 paise, or 0.28 per cent to Rs

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Commexes’ turnover up 14.92% till July 15 of FY16

The turnover of the commodity exchanges rose 14.92 per cent to Rs 19.82 lakh crore till July 15 of this

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