Aided by low fuel costs and an increase in revenue Jet Airways posted a record Rs 467 crore consolidated profit in the third quarter of 2015-16. The airline’s consolidated profit had risen by Rs 3 crore in the corresponding period a year earlier.
India has more than a billion mobile connections but only about 250 million 3G subscriptions. While slow internet speeds and sporadic connectivity issues are a challenge for e-commerce and app-based companies, there seems to be a blessing in disguise.
In the absence of any immediate positive triggers, benchmark indices ended the week on a dismal note, as weakness in global equities weighed on the domestic markets.
When taking a home loan, lenders usually force borrowers to take an insurance cover from them. This helps them to recover the outstanding in case the borrower passes away and they also earn a handsome commission.
With the takeover of Anil Ambani group's cement companies for Rs 4,800 crore, Birla Corporation is set to become an aggressive player in the sector, by looking at similar merger-and-acquisition opportunities.
RMZ Corp, the Bengaluru-based developer backed by Qatar Investment Authority (QIA), plans to increase its office property portfolio by six times in the next five years through development, acquisition and aggregation.
With the alleged higher stock inventory of Kesh King waning for retailers and wholesalers after Emami Ltd integrated the product under its own distribution model, the company will start production of the hair oil from its own plants across India by
In a first in the company’s 60-year history, and reflecting the change in payment and banking industry due to technology, Visa rolled out Visa Developer platform that lets developers access to payments technology, products and services by Visa.
After the dismal performance of Tata Steel in the December quarter, the company’s new plant at Kalinganagar has been placed under the lens.
The Pradhan Mantri Fasal Bima Yojana, hailed as one of the most farmer-friendly crop insurance schemes of independent India, has run into rough weather in Punjab.
Debt burden of the firm had mounted to Rs 2,916 crore in March 2015. Net sales stood at Rs 3,111 crore.
With Bandhan now a bank, and a number of microfinance institutions (MFIs) set to become small finance banks, smaller microfinance institutions are witnessing a sharp rise in bank funding.
The government’s main policy think tank, the National Institution for Transforming India (NITI) Aayog, wants two new members in view of the increasing workload. It currently has three members, besides the vice-chairman.
If a recent recommendation of the Reserve Bank of India (RBI) on crop loan subsidy is approved by the government, agricultural loans are set to become as costly as home loans or car loans.
Insurance uptake is high among older people, says a survey by standalone health insurer Max Bupa Health Insurance.
While the big companies may be struggling with the US drug regulator, the Vadodara-based mid-sized pharmaceutical firm Alembic Pharmaceuticals has managed to grow its share of exports, the bulk of which is to the US, more than threefold in the last five
If popular perceptions are to be believed, the fairer sex is often perceived to be investing more money in pampering themselves.
India is keen to establish refinery and bunkering operations in Sri Lanka, Petroleum Minister Dharmendra Pradhan said today and hoped the country will once again be in a position to export petroleum products to Bangladesh with the commissioning of Paradip
Premiums for general insurance products under the natural catastrophe segment could see a rise in premiums, in the wake of a rise in the number of incidents in this segment such as floods and earthquakes in the past two years.
Coal India Ltd (CIL) subsidiary Mahanadi Coalfields Ltd (MCL) has unveiled a Rs 20,000 crore capital expenditure (Capex) plan to reach the envisaged output of 250 million tonne (mt) by 2020. MCL is tipped to be CIL’s biggest producer, overshooting