Mumbai, Oct. 25 Hit by higher fuel costs and the lean season drop in passenger traffic, Jet Airways reported a net loss of Rs 384.5 crore for the second quarter ended September 30 against a net profit of Rs 28.3 crore in the year-ago period. …

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India’s biggest energy group, Reliance Industries Ltd, beat market forecasts with a 7.4 per cent rise in quarterly profit on Thursday, helped by stronger than expected refining margins. The leading petrochemicals maker, which runs a 660,000 …

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MUMBAI: The Tata group’s shareholding is set to cross the half-way mark in Tata Motors. This is due to the huge under-subscription to the Tata Motors’ rights issue, which has resulted in the Tatas picking up the unsubscribed portion in addition to their entitlement. Consequently, the…

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MUMBAI: IL&FS Realty Fund, a private equity fund managed by Infrastructure Leasing and Financial Services (IL&FS), has picked up 30% stak in JB Pharma SEZ for $15 million (Rs 75 crore). Two nationalised banks — State Bank of India (SBI) and State Bank of Mysore — have financ…

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MUMBAI – Yes Bank has posted a net profit of Rs 63.62 crore for the quarter ended on Sep 30, 2008, up by 40.50 per cent against Rs 45.28 crore for the quarter ended on Sep 2007. Interest earned increased 61.36 per cent to Rs 489.66 crore in Jul-Sep quarter of 2008 compared with Rs 3…

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MUMBAI: Life Insurance Corporation(LIC) today said that it has sold 1,68,974 equity shares of Bhuruka Gases Limited. The shares were sold at a rate of Rs 41 per share, constituting 1.20 per cent of the paid-up capital of the company, LIC said in a press release issued here. …

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NEW DELHI/BANGALORE: GR Gopinath, vice-chairman of Kingfisher Airlines, is believed to be considering an offer to buy back Air Deccan as he is reportedly unhappy over the alliance Kingfisher has struck with Jet Airways. …

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A sharp recovery in the global markets drove Indian stocks listed on American bourses to gain over USD 11 billion collectively in a single day led by IT major Wipro. The shares of 16 Indian companies listed on Nasdaq and the New York Stock Exchange have collectively seen a value increase …

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Tata Motors’ UK subsidiary, Tata Motors European Technical Centre plc, has acquired a 50.3% holding, at an acquisition cost of Kroner 12 million (Rs.9.40 crores), in Miljø Grenland/Innovasjon, Norway, which specialises in the development of innovative solutions for electric vehicles. T…

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MUMBAI: The ministry of external affairs is planning to hike passport fees by at least Rs 199, according to a ministry official. This follows the ministry inking a 6-year outsourcing deal with Tata Consultancy Services that is worth around Rs 1,000 crore. …

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