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Cairn India Q4 profit up 18%

Thursday, 24 Apr 2014 | PNS | New Delhi

Cairn India on Wednesday reported an 18 per cent rise in its March quarter net profit as crude oil production from its showpiece Rajasthan fields soared.Net profit in the January-March quarter rose to Rs 3,035 crore, or Rs 15.85 per share, fromRs 2,564 crore, or Rs 13.41 a...

LIC invests Rs 13,357 cr in 12 Sensex firm

Thursday, 24 Apr 2014 | PNS | New Delhi

Sells shares worth Rs 6,313 crore in other 15 Sensex companies In a major reshuffle, Life Insurance Corporation (LIC) of India utilised the recent rally and reduced its stake in half of the companies comprising Sensex. The state-owed life insurer sold shares worth Rs 6,313 crore from 15 companies listed on...

Apple approves additional $30 billion share buyback

Thursday, 24 Apr 2014 | PTI | New York

In a move to reward investors, tech giant Apple has approved an additional $ 30 billion share buyback by 2015 and declared a seven-for-one stock split on the back of strong iPhone sales that pushed its March quarter profit up 7 per cent. Apple increased its share repurchase authorisation to $90...

Bharti Infratel Q4 net profit jumps 64% to Rs 472 crore

Thursday, 24 Apr 2014 | PNS | New Delhi

Bharti Airtel’s tower business unit Bharti Infratel today reported a 64 per cent jump in its consolidated net profit at Rs 472 crore for the quarter ended March 31, 2014, on the back of increased number of tenants on towers and other income. The company, in which Bharti Airtel has around...

Facebook Q1 result soars; CFO to step down

Thursday, 24 Apr 2014 | AP | New York

Facebook’s earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street’s expectations thanks to an 82 per cent increase in advertising revenue. It was the fourth quarter in a row that Facebook beat forecasts as it continues to barrel ahead in mobile advertising at a time when...

Nokia may keep Chennai plant out of $7.2 bn deal with MS

Thursday, 24 Apr 2014 | PTI | New Delhi

Finnish handset maker Nokia is likely to exclude its India factory from the $7.2 billion deal concluding on Friday to sell its mobile phone business to Microsoft Corp.Nokia will operate the Chennai plant, which is being excluded from the deal due to a tax dispute, as a contract manufacturing unit...

Bandhan to appoint consultants for banking foray soon

Thursday, 24 Apr 2014 | PTI | Kolkata

Bandhan Financial Services, the city-based micro-finance institution which got the in-principle banking licence from Reserve Bank of India, will shortly appoint consultants for facilitating its transformation into a bank. “We are talking to various consultancy firms like KPMG, BCG, McKinsey and Ernst & Young, among others, for appointing a consultant....

Cairn buys less than 2 % in share buy back

Thursday, 24 Apr 2014 | PNS | New Delhi

Cairn India has bought less than 2 per cent of the 17.09 crore shares it is looking to buyback to give the mining baron greater control over the nation’s largest private oil producer. Cairn on January 23 launched its first ever buy back of share for extinguishing them. The issue where...

Novartis buys GSK's cancer drugs for $16 bn

Wednesday, 23 Apr 2014 | PTI | London

Global pharma major Novartis will acquire GlaxoSmithKline plc's (GSK) cancer drugs portfolio for $16 billion and sell its vaccines business in return for $7.1 billion, apart from forming a joint venture for the consumer healthcare business in a three-part transaction. In separate statements, the two companies said they will combine Novartis'...

GSK-Novartis global deal not to impact India business: GSKCH

Wednesday, 23 Apr 2014 | PNS | New Delhi

GlaxoSmithKline Consumer Healthcare on Tuesday said the multi-billion dollar global deal between parent GlaxoSmithKline Plc and Swiss drug major Novartis won't affect its business in India. The two companies agreed to form a joint venture by combining Novartis' over-the-counter division with GSK's consumer business to create a business with $10 billion...


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Court proceedings end in a lighter vein

20 May 2018 | PNS

New Delhi: “Now, let us enjoy our holidays,” this is how the Supreme Court concluded the hearing on the Karnataka power row on Saturday. The courtroom burst into a bout of laughter as Justice AK Sikri, who headed the three-judge Bench, made the jovial remark ...

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Pb Co-op Dept recovers `6.5 cr from big time defaulters

24 May 2018 | PNS | Gidderbaha (Sri Muktsar Sahib)

Punjab’s Cooperation Department has, so far, recovered Rs 6.5 crore from the big-time defaulters...

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