Wind turbine maker Suzlon Energy posted a net loss of Rs 188 crore for the fourth quarter ended March 31, as against a net profit of Rs 314.9 crore in the year-ago period, hurt by continued turbulent times for the wind energy industry. In the fourth quarter of 2009-10, the group clocked …

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Hindustan Unilever (HUL) today reported the highest net profit growth in last fourteen quarters on the back of one time exceptional income in the March quarter. Hindustan Unilever Limited (HUL) announced its results for March Quarter 2010 and financial year ending on 31st March 2010. In …

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After reports that stated that the bank’s promoters have begun talks with large private sector banks for a possible merger, it has finally declared to to merge with ICICI bank. Both have agreed to a share swap of 1:4.72. In terms of quantity, every 118 shares of BoR will get 25 shar…

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Stock market responded swiftly to the judgement, with RIL shares shooting up by about five per cent to nearly Rs 1050 and that of RNRL tanked close to 20 per cent close to Rs 55. “RIL does not have absolute right over gas and price is subject to government approval… Since MoU…

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Software major Tata Consultancy Services (TCS) is all set to bag a £ 600 million outsourcing contract from the UK Government for managing a state-sponsored pension scheme that is still in the works. The duration of the contract, awarded by Personal Accounts Delivery Authority for its UK…

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Shares of RIL slipped by 2% to Rs1069, the stock had hit an intra-day low of Rs1021 in early trades. Reliance Industries shares hogged the limelight on the first day of the year after the company sold treasury shares (A treasury stock or reacquired stock is stock which is bought back by …

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Adhunik Metaliks seems to be on a roll, on Dec 7 ’09, received approval for diversion of forest land in Orissa for mining of iron ore from its captive mine. Today, Adhunik Metaliks announced signing of definitive agreements with India Infrastructure Fund (IIF), managed by IDFC Proj…

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ET: Shree Renuka Sugars on Tuesday said it is in talks with Balrampur Chini Mills to acquire promoters’ stake in the country’s second largest sugar firm. While Renuka Sugars is yet to offer any price, discussions between the two firms have started a month back. “The tal…

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Euro Multivision has allotted five qualified institutional bidders 43.69 lakh shares or 50% of the issue, Eit closed down almost 30% on its first day of listing. Euro Multivision, the Compact disc maker finally ended at Rs 53.55 against its issue price of Rs 75 per share. The stock had …

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MUMBAI: India’s Bharti Airtel said late on Wednesday it and South Africa’s MTN had called off talks for a planned tie-up due to the inability of the South African government to accept the deal in current form. Bharti said it will continue to look for international opportunit…

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