- 28 May 1612:42 AMHindustan Petroleum Corporation Limited (HPCL)'s performance for the quarter ended March, like that of Bharat Petroleum Corporation Limited (BPCL), was impressive and much ahead of estimates.12:09 AMEven if Apple Inc never made an actual move to buy Time Warner Inc, a tentative approach shows that the iPhone maker is serious about getting into media content.
- 27 May 1610:22 PMState Bank of India (SBI) chairman Arundhati BhattacharyaLike its peers, State Bank of India (SBI), too, lagged the Street’s already muted expectations and witnessed a sharp surge in provisions towards bad and doubtful debts in the March quarter10:21 PMPower Grid has consistently delivered 18-20 per cent quarterly year-on-year revenue growth for 12 quarters and, more often than not, outperformed the Street’s expectations. This trend was partially broken in the FY16 fourth quarter (Q4) results.09:21 PMLenovo needs to get a grip in mobile. The tech giant is a trailblazer for Chinese firms going global but the ill-judged takeover of Motorola's old handset business is testing that reputation.03:53 PMSBI chairman Arundhati BhattacharyaThe country's largest lender, State Bank of India may have reported a 66% drop in net profit at Rs 1263 cr in Q4, but investors have welcomed the numbers with a 6% hike in the stock.09:43 AM(From left to right) R Shankar Raman, CFO, L&T and S N Subrahmanyan, Deputy MD & President, L&T at the announcement of company's results in Mumbai (pic: Kamlesh Pednekar)The market's euphoric reaction to L&T's quarterly results clearly06:45 AMIndia Inc’s revenues grew at the fastest clip over the past six quarters in the three months ending March (Q4). This uptick was largely volume-led, as pricing power continued to be weak.05:32 AMShree Cement's results for the quarter ended March were not much different from those of ACC, UltraTech, and Ambuja Cement. All the four companies saw strong improvement in sales volumes, which made up for the decline in realisations.03:44 AMThe strong March quarter performance of Tata Steel was primarily led by an uptick in profitability in India business and decline in losses in European operations.03:31 AMExports have been a worry for Cummins India and the pain continued in the March quarter (Q4).03:09 AMThe rumour mills have been working overtime on Essel Group Founder and Chairman Subhash Chandra's political aspirations.02:21 AMInvestors have been asking questions about Alibaba's accounting for months. Now the US Securities and Exchange Commission (SEC) is too. The Chinese e-commerce group has disclosed it is under investigation.12:22 AMBharat Petroleum Corporation (BPCL) posted a net sales at Rs 44,146 crore for the March quarter, down 14 per cent over the year-ago quarter. Inventory loss was at Rs 990 crore against Rs 1,430 crore in the year-ago period.
- 26 May 1601:45 PMA flurry of deals between big automakers and ride hailing and transportation start-ups is rewriting the playbook in the contest to control the future of personal transportation.12:30 PMDuring my hour-long commute to work, I receive umpteen number of calls and messages which are mostly work-related. Now, being a responsible driver of a humble no-frills car, I tend to avoid using my phone which leads to missing important calls.08:01 AMReserve Bank of India (RBI) Governor Raghuram Rajan Reserve Bank of India (RBI) Governor Raghuram Rajan’s insistence on a “deep surgery&" to help banks regain health has uncovered that nearly half of the lenders’ stressed07:14 AMThe two years of Bharatiya Janata Party rule hasn’t made much difference to the financial fortunes of corporate India.05:44 AMCement stocks, in the limelight in April after good volume growth numbers in the quarter ended March, have lost steam and cracked by three to 11 per cent since.05:29 AMAfter two lacklustre quarters, Bajaj Auto on Wednesday took the Street by surprise, especially on the revenue and operating fronts.