Utility vehicle and tractor segment market leader Mahindra & Mahindra today posted an estimate-beating net profit rise of 22 per cent in the second quarter, driven by surging demand for diesel-driven SUVs. The Mumbai-based company posted a net profit of Rs 902 crore during the quarte…

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While the airline owed HPCL Rs 341 cr as of Sept, the bank guarantee was worth Rs 434 cr Kingfisher Airlines’ tryst with bad news continues. Hindustan Petroleum Corporation Ltd (HPCL), to which Kingfisher Airlines owed crores in jet fuel dues, has encashed the bank guarantee provided …

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Stock markets to remain closed on Wednesday (10-24-12) on account of Vijaya Dashami …

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27th March – Wednesday – Holi 29th March – Friday – Good Friday 19th April – Friday – Ram Navmi 24th April – Wednesday – Mahavir Jayanthi 1th May – Wednesday – May Day 9th August – Friday – Ramzan ID 15th Aug…

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ING Vysya Bank has rallied 6% to Rs 472, its historical high, on reporting 30% year-on-year jump in net profit at Rs 150 crore in the second quarter of current financial year on the back of sound growth in core income. Net interest income (NII) rose 22% to Rs 369 crore, against Rs 304 cr…

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New Delhi: Aviation regulator DGCA on Saturday suspended the flying licence of beleaguered Kingfisher Airlines for failing to come up with a viable plan for its financial and operational revival and resolve the impasse with its employees over payment of their salary dues. The Directorate…

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U.S. stocks fell, after a three-day advance in the Standard & Poor’s 500 Index (SPX), as Google (GOOG) Inc. pulled down technology shares after reporting third-quarter profit and sales that missed estimates. Google dropped 8.1 percent after the earnings report was filed inadverte…

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Telecom Commission says refarm all spectrum in 900-MHz band to 1,800-MHz band operators? association warns tariffs would rise In a major setback to incumbent telecom operators Bharti Airtel, Vodafone, Idea Cellular, BSNL and MTNL, the Telecom Commission today decided all spectrum given t…

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Even as the BSE Sensex has risen about eight per cent since September 6, a day before the current rally began, or about 21 per cent year-to-date, all is not lost. If one considers the market capitalisation to gross domestic product (GDP) ratio, which is frequently used by many large inves…

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Markets have been on an upward trajectory on the back of positive sentiments across the globe and policy initiatives by the Indian government. While remaining bullish about the prospects, R Venkataraman, managing director and chief executive officer of IIFL, tells Puneet Wadhwa there is a…

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