Business

Ashok Leyland posted a lower-than-expected 37.5 per cent rise in second-quarter profit on Tuesday due to higher raw material costs.

Profit was Rs 460 crore ($63.32 million) in the quarter ended September 30, compared with Rs 334 crore a year earlier, the company said.

Analysts had on an average expected a profit of Rs 513 crore, according to IBES

MUMBAI: The rupee recovered by 29 paise to 72.60 against the US currency in early trade Tuesday, owing to easing global crude oil prices and better-than-expected macro economic data on the domestic front. Besides, fund inflows by foreign investors and the US dollar's weakness

Fixed deposits (FDs), also known as term deposits, are secure investment instruments offered by banks, non-banking financial companies and post offices. In a fixed deposit, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump

From electronic money transfers or wire transfers to various banking transaction servcies, commercial banks today provide many digital services. Every banking transactions seem to be only a click away via your phone or computer. However, since online or digital

The tech industry's newest billionaires are a pair of brothers who started a software company in their parents' basement in Utah. Now Ryan and Jared Smith are selling Qualtrics International Inc. to European giant SAP SE for $8 billion -- and they'll get to keep running the business. Ryan,

Retail inflation rate eased to 3.31 per cent in October from a year earlier, government data showed on Monday, helped by a fall in food prices. Analysts polled by Reuters had forecast October's annual increase in the consumer price index at 3.67 per cent, compared with a downwardly revised 3.70 per cent in September.

Sujan Hajra,

Sun Pharmaceutical Industries, the country's largest drug maker by market capitalisation, posted a surprise quarterly loss on Tuesday, hurt by a one-time charge due to a legal settlement.

Net loss came in at Rs 219 crore ($30.15 million) for the quarter ended September

MUMBAI: Debt-laden Infrastructure Leasing and Financial Services (IL-FS) has started work on plans to sell off assets, part of a wider restructuring of the group, the company said on Monday. The government took control of IL-FS, a major infrastructure financing and

Debt-laden carrier Jet Airways will cut flights on less profitable routes and add capacity to more lucrative markets, as part of its effort to lower costs and boost revenues as it struggles to stay aloft.

Jet Airways, the country's biggest full-service carrier posted its third straight quarterly loss on Monday, hurt by higher

The Indian unit of China's largest bank, the Industrial and Commercial Bank of China, has set up a $200-million fund for investing in the promising Indian micro, small and medium enterprises, and ventures, a top official said here.

Zheng Bin, CEO of the Industrial and Commercial Bank of China (ICBC) India, on Monday gave an overview of the

Coal India's quarterly profit jumped more than eight-fold as the world's biggest coal miner produced more of the dry fuel, but profit fell slightly below analysts' expectations, its financial results showed on Monday.

Net profit climbed to Rs 3,085 crore ($423.2 million) in the second fiscal quarter ended September 30, from Rs 371 crore a year

The rupee dropped by 39 paise to settle at 72.89 against the dollar on Monday. as oil prices rebounded after Saudi Arabia announced plans to cut production and the dollar strengthened in global markets. The rupee opened lower at 72.74 and fell further by 57 paise to the day's low of 73.07 as crude oil prices surged over 1 per cent to reclaim $71

In a fillip to Apple CEO Tim Cook's big future plans for the Indian market, Apple has appointed Ashish Chowdhary, chief customer operations officer at Nokia Networks, as its India operation head, reliable industry sources told news agency

The Reserve Bank of India (RBI) is considering a loan restructuring package for small and medium sized businesses, as well as reviewing lending curbs on some banks, the Economic Times reported on Monday, in a move that could see the regulator bow to government pressure.

The RBI has barred 11 state-run banks from lending under the so-called

Consumer inflation stood at a 13-month low of 3.31 per cent in October, government data showed on Monday. This was lower than estimates of 3.67 per cent by analysts in a poll conducted by news agency Reuters, and within the Reserve Bank of India's medium-term

To cater to excess demand, Northern Railway, an arm of the Indian Railways, has announced new special trains. "In order to clear extra rush of passengers during festival season, Northern Railway in coordination with other Zonal Railways has planned to

The domestic stock markets traded from negative-to-flat in a volatile session on Tuesday despite positive macro-economic data. At 12:00 pm, the S-P BSE Sensex traded at 34,827.37, up 14.38 points or 0.04 per cent while the broader Nifty was at 10,495.60, with

Reliance Jio and Bharti Airtel, the two key telecom players in the country, offer a variety of prepaid and post-paid plans to cater to the needs of various customers. Under the category of sub-Rs 200 bracket, Reliance Jio has four prepaid recharge plans while Airtel has two

The rupee recovered by 29 paise to 72.60 against the US currency in early trade Tuesday, owing to easing global crude oil prices and better-than-expected macro economic data on the domestic front, reported news agency Press Trust Of  India. Besides, fund inflows by

Southern Railway said on Monday that it witnessed a 51 per cent rise in revenue totalling 2.72 crore during the Diwali festive season this year as against Rs 1.80 crore last year.

Twenty Suvidhas and 16 special fare special trains were run from Chennai to various parts of Tamil Nadu and also to Howrah, a press release from the Southern

Monday's session was marked with high volatility amid concerns on cash crunch, and mixed earnings

Conglomerate Tata Sons is conducting due diligence on Jet Airways as it explores the purchase of a controlling stake in the cash-strapped airline, Mint newspaper reported on Tuesday citing two people directly aware of developments. Saurabh Agarwal, chief financial officer of Tata

Retail inflation rate dropped sharply in October, giving the central bank leeway to allow easier lending policies, but plunging farm prices sent a stark warning to Prime Minister Narendra Modi about the challenges he faces in rural areas in next year's general election.

The rate, which includes food and energy prices, dropped in October

Gold prices recovered by Rs 80 to Rs 32,150 per 10 gram at the bullion market on Monday on revival of buying by jewellers to meet wedding season demand even as the precious metal weakened overseas, reported news agency Press Trust of India (PTI). The rupee depreciating

NEW DELHI: RBI Governor Urjit Patel is believed to have met Prime Minister Narendra Modi last week in a bid to work out a solution on contentious issues that have been flash point between the central bank and the government during the last few weeks. Sources

SBI or State Bank of India has asked its internet banking customers to register their mobile numbers with the bank by the end of the month. SBI internet banking customers, or customers who have subscribed to the bank's internet banking service,

Oil prices climbed on Monday as the world's biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply. Saudi Arabia's energy minister said Monday that oil-producing nations should cut output by one million barrels per day

Netflix Inc. said it will test a lower-priced version of its film and television streaming service in some markets to boost sales.

The company hasn't committed to lowering prices anywhere, but does want to experiment, Chief Executive Officer Reed Hastings said

The rupee is down more than 14% against the dollar so far this year

Indian Railways' Tatkal ticket booking provides reservation to passengers looking to travel at a short notice. It is available on payment of premium charges on a first-come-first-served basis. Passengers can book Tatkal tickets online via IRCTC (Indian