Kingfisher stocks plunge 20 percent but pull up in noon trade
Tweet New Delhi: Shares of beleaguered Kingfisher Airlines which fell nearly 20 percent in early trade Tuesday managed to pull up by 7 percent in afternoon trade even as the airline’s chief executive met the regulator over the huge number of flight-cancellations. Ruling out any punitive action against the airline at this point of time, [...]
Tweet Mumbai: Mukesh Ambani-led Reliance Industries Friday said its subsidiary, Reliance Holding USA, has issued bonds worth $1 billion to be used as capital expenditure. “We are delighted to see the strong interest shown by high quality global investors in RIL’s credit. The transaction was well executed despite the short time-window and a volatile global [...]
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Tweet New Delhi: Jubilant FoodWorks (JFL), which operates pizza vendor Domino’s, Wednesday reported a 55.47 percent increase in net profit at Rs.29.47 crore for the third quarter ended Dec 31, 2011 and said it would start operating its Dunkin’ Donuts stores in the country next quarter. Net sales stood at Rs.276.97 crore during the quarter [...]
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Tweet Gurgaon: Global nutrition major Nestle sees potential growth for its food products that meet specific dietary needs not met through normal diets in India due to changing lifestyle. “With the impact of economic growth and changing lifestyles in India, the need for science-based nutrition in products that we consume everyday is going to be [...]
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Tweet Mumbai: India’s foreign exchange reserves increased by $673.4 million to $293.93 billion for the week ended Jan 27, Reserve Bank of India data showed. The forex reserves have risen for the second week after six straight weeks of decline. They had increased by $731.8 million for the week ended Jan 20 after slumping by [...]
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Tweet Chennai: Two- and three-wheeler maker TVS Motor Company Ltd closed last month with a five percent sales growth compared to January 2011. Announcing the monthly sales figures Wednesday, the company said it had sold 173,514 untis (171,112 two-wheelers and 2,402 three-wheelers) last month, up from 165,152 units (two-wheelers 161,725 and three-wheelers 3,427) sold in [...]
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Tweet Mumbai: Telecom firm Idea Cellular Monday reported a decline of 17.3 percent in its consolidated net profit for the third quarter of the current fiscal at Rs.201 crore from Rs.243 crore in the like period of 2010-11. The Aditya Birla Group-promoted firm's consolidated total income rose by 27.18 percent in the period under review [...]
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Tweet Lusaka: Bharti Airtel Tuesday launched its 3.75G platform in Zambia, enabling customers to experience high speed mobile broadband access and make video calls and watch television live. "3.75G technology will give our customers the opportunity to interact with data in a different way," said Fayaz King, managing director, Airtel, Zambia. "This is why Airtel [...]
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Tweet Bangalore: Infosys Ltd posted net profit of Rs.2,372 crore (Rs.23.7 billion) for the third quarter (October-December) of this fiscal (2011-12), registering a record 33 percent year-on-year (YoY) growth as per the Indian accounting standard. In a regulatory filing Thursday, the IT bellwether said its consolidated revenues for the quarter (Q3) under review increased to [...]
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Tweet New Delhi: India Tuesday allowed 100 percent foreign equity in single brand retail, notifying the norms that among other things said all wholly-owned international brands will need to source 30 percent of their requirements locally. The government justified the move, saying that foreign direct investment (FDI) in single brand will attract investments in production [...]
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