Tag Archives: Company News
Bharti Airtel Q1 fell by 37% to Rs 762.2 crore
The biggest mobile phone carrier by subscribers, Bharti Airtel has recently announced reports saying that the company’s 10th successive quarterly profit reported a fall. Further, the company announced that the fall in profit is 37 percent at Rs 762.2 crore for the first quarter. The company reported a net profit of Rs 1,215.2 crore in [...]
SAIL’s first quarter net falls 18pct on forex losses
As per latest Business sector news, Steel Authority of India Limited [SAIL] has announced a marginal fall in net profit in the first quarter of this fiscal year on the back of forex losses. However, the first quarter sales were flat at Rs 10,640 crore over Rs 10,811 crore as compared to last year, quarterly [...]
OnMobile CEO Arvind Rao resigns
According to latest business news, the Managing Director and Chief Executive Officer [CEO] of mobile value-added services player OnMobile Arvind Rao resigns from his post. It is said in reports that his resignation comes after a analysis done by Amarchand Mangaldas & Suresh A. Shroff, Advocates and KPMG considered faults in some processes concerned to [...]
India to be an ally with China: Ratan Tata
As per latest business news, the chairman of Tata Group, Ratan Tata said in an interview that China’s better economic power is not a real point to consider but a way should be found by India to be a friendly relation with China. Talking to media, Mr. Tata said that India-China relations are not adversarial, [...]
Renault India plans one lakh sales by 2014
Technology sector news reveals that soon after the successful launch of Renault Duster in India, the car manufacturing company now plans to sell 30,000 cars in 2012. At present, Renault India is at the 13th spot in India’s top car manufacturers list and have just 0.24 percent share in the Indian automobile market. And the [...]
ICICI sells 4 billion Kingfisher loan to Srei Infrastructure Finance
As per latest business report, beleaguered Kingfisher Airlines is seeking repayment of its debts by selling assets held against their loans raising scope of outside investment. Loosing the hopes of lenders, as per source, one of Kingfisher’s lenders, ICICI Bank has sold about 4 billion rupees of the Kingfisher Airlines’s assets against debts to a [...]
Suzlon sells China plant for $60 million
Freshly business news, the world’s fifth largest India’s biggest wind power maker, Suzlon announced to combine development with an innovative partnership model with China. It is selling its Chinese subsidiary Suzlon Energy Tianjin to China Power (Tianjin) New Energy Development Company for $60 million. “We are re-aligning our strategy in the Chinese market with an [...]
Oracle says Keith Block to leave
The latest news, Oracle directed its executive vice president for North America sales and consulting, Keith Block to resign to pursue other opportunities in charge of criticizing his boss, Oracle Corp President Mark Hurd, company’s owner billionaire Larry Ellison said today, as per source report. Block is also responsible for make public the company’s Sun [...]
