New Delhi: India's fourth-largest software services exporter HCL Technologies on Friday reported 28 per cent rise in consolidated net profit at Rs 1,915 crore for the second quarter ended December 2014 on growth in European business as well as life-sciences and healthcare verticals.
The city-based firm, which follows July-June fiscal year, had posted a net profit of Rs 1,496 crore in the year-ago period, it said in a BSE filing.
Consolidated revenues grew by 13.4 per cent at Rs 9,283 crore in the October-December 2014 quarter as against Rs 8,184 crore in the same quarter of the previous fiscal.
New Delhi: Drug major Dr Reddy's Laboratories on Thursday reported 7.09 per cent decline in its consolidated net profit at Rs 574.53 crore for the quarter ended December 2014.
The company had posted a consolidated net profit of Rs 618.42 crore in the October-December period of the previous financial year, it said in a BSE filing.
However, consolidated net sales rose 8.75 per cent to Rs 3,843.10 crore during the quarter under review as against Rs 3,533.76 crore a year earlier, it added.
Revenue from the global generics segment also grew 7.81 per cent to Rs 3,169.22 crore in the third quarter of FY15. It was Rs 2,939.58 crore in the same period of previous fiscal.
New Delhi, Jan. 29 - India's Ambassador to the US, Dr. S. Jaishankar took charge as the new Foreign Secretary on Thursday, replacing Sujatha Singh whose tenure has been curtailed by nearly seven months.
"As I take over, I am happy to work with all of you. I am honoured that I have been assigned with this responsibility," said Jaishankar.
The decision was taken last night by the Appointments Committee of the Cabinet chaired by Prime Minister Narendra Modi.
As per the order issued by the Department of Personnel and Training, Dr. Jaishankar will have tenure of two years from the date he assumes charge.
New Delhi : More than 64 percent of 15.3 crore LPG consumers in the country have joined the ambitious PAHAL scheme to receive cash subsidy in their bank accounts so they can buy the cooking gas at market price.
"Over 9.35 crore LPG consumers have joined the scheme so far," Oil Minister Dharmendra Pradhan told reporters here.
Consumers joining the scheme, which was launched all over the country from January 1, has swelled from 24 per cent to 64 percent, making it the world's largest direct cash transfer scheme.
New Delhi, Jan. 28 - Prime Minister Narendra Modi on Wednesday paid tribute to freedom fighter Lala Lajpat Rai on his birth anniversary.
The Prime Minister took to twitter to honour the leader.
"Punjab Kesari Lala Lajpat Rai was a unique personality who was ahead of his time. I salute this proud son of India on his birth anniversary," he posted.
Born in 1865, Lala Lajpat Rai was leader in the fight for independence. He was popularly known as 'Punjab Kesari' and was also called 'Sher-E- Punjab'. (ANI)
New Delhi, Jan 27 : Shahrukh Khan has responded to the speech of US president Barack Obama after he quoted actor's DDLJ's famous "Senorita" dialogue.
The 49-year-old actor took to Twitter to express his happiness and posted, "Proud 2 b part of the gender and religion equality speech of Pres. Obama. Sad he couldn't do the Bhangra... next time Chaiyya Chaiyya for sure."
While addressing the crowd at the Siri Fort Auditorium on the last pit stop of his three-day visit to India, President Obama said he remembered his previous visit in 2010 and "dancing the Bhangra" with his wife, Michelle Obama at an event in Mumbai.
New Delhi: Johnson Controls plans to acquire 25.74 percent stake in Hitachi Home & Life Solutions (India) Ltd through an open offer for an estimated price of Rs 575 crore.
In a public announcement to Hitachi's shareholders, Johnson Controls said it would acquire little over 70,00,990 shares at an offer price of Rs 821.38 per share amounting to Rs 575.04 crore.
In a BSE filing, the company has proposed to launch open offer to acquire "up to 70,00,990 fully paid-up equity shares of face value of Rs 10 each of the target company representing 25.74 percent of fully diluted voting equity share capital."
New Delhi, Jan 26 : Godrej group chairman Adi Godrej on Monday said the Indo-US CEO Meet will lead to a tremendous rise in the level of mutual investment and trade between India and the U. S.
"The level of mutual investment and trade will rise dramatically. I don't think it will be necessarily felt only year one, but five years from now, the effects of this visit will be extremely positive. The world is convinced that India is the country of the future," Adi Godrej told ANI.
He said that the Indo-US CEO Meet will give tremendous momentum to the business relations of the two largest democracies of the world.
New Delhi - Overseas investors have pumped in a staggering over Rs 21,000 crore in Indian capital markets since the beginning of the month owing to easing inflation and rate cut by Reserve Bank of India (RBI).
Foreign Institutional Investors (FIIs) have bought shares worth Rs 5,992 crore (USD 977 million) till January 23, while bought debt worth 15,336 crore (USD 2.5 billion) taking the total investment to Rs 21,328 crore (USD 3.45 billion), latest data with Central Depository Services Ltd (CDSL) showed.
New Delhi - The combined market valuation of top eight Sensex companies surged by Rs 62,074.5 crore in the week gone by, with Infosys, Coal India and HDFC Bank emerging as the star performers.
Except TCS and ITC, rest of the eight companies, including ONGC, RIL, SBI, ICICI Bank and HUL saw a rise in their market capitalisation (m-cap).
The market valuation of Infosys zoomed by Rs 11,473.24 crore to Rs 2,54,277.52 crore.
CIL's value soared by Rs 10,106.18 crore to Rs 2,48,801.59 crore and HDFC Bank added Rs 10,008.07 crore to Rs 2,52,111.44 crore.
New Delhi, Jan. 26 - Prime Minister Narendra Modi on Monday extended greetings to everybody on the occasion of Republic Day.
The Prime Minister took to twitter to greet the nation.
"Greetings to everyone on Republic Day," he posted, also tweeting the message in Hindi.
January 26, 2015, marks 66th Republic Day of the nation. (ANI)
New Delhi: Buoyed by the market response to its Tizen OS-based smartphone in India, tech giant Samsung plans to manufacture the 'Z1' at its Noida facility soon.
The South Korean firm, which is the world's largest smartphone player, had launched the device earlier this month in India.
"The compelling proposition of an easy to use and clutter free interface (of Z1), along with premium design has met wide consumer acceptance... The Z1 will be manufactured in company's Noida plant in UP," Samsung India Vice President Marketing (Mobile and IT) Asim Warsi told PTI.
New Delhi: Among the fastest growing tablet markets in the world, India is expected to see over 40 million users of the smart device this year, although the popularity of phablets may restrict that growth, research firm eMarketer said.
Phablets are devices with screen size in the range of 5-7 inches.
The firm estimates the number of tablet users in one of the world's largest Internet market to grow by 24.8 percent in 2015 to touch 40.4 million.
The figure includes all individuals who use a tablet at least monthly this year, whether they own their own or not, it added.
New Delhi: No-frills carrier AirAsia India has said it will pursue its growth plans at full throttle from March with the induction of more aircraft and expansion of the route network.
As part of its summer schedule from March to October, which is yet to be finalised, the budget carrier would be looking at 100 frequencies per week and adding one aircraft every month in the fleet, AirAsia India chief executive Mittu Chandilya said here last week.
"Full expansion will take place from March when we introduce more flights and new routes. We also plan to induct one aircraft per month... From March," Chandilya said.
New Delhi, Jan. 25 - U.S. President Barack Obama and First Lady Michelle Obama on Sunday reached New Delhi for their three-day visit of India.
Prime Minister Narendra Modi was at the Air Force Station at Palam to greet the visiting dignitaries. The three shared pleasantries before President Obama sat in his presidential vehicle 'The Beast' and left for his hotel ITC Maurya.
The others who were present to greet President Obama at the airport included Minister of State (Independent Charge) for Power, Coal and Renewable Energy Piyush Goyal and Indian Ambassador to the US, S Jaishankar, among others.
New Delhi, Jan 25 : Prime Minister Narendra Modi on Sunday extended his best wishes to the nation and the Election Commission on the occasion of National Voters' Day.
Prime Minister Modi took to twitter to extend his greetings via a series of tweets.
"Greetings to my fellow citizens on National Voters' Day. I also convey greetings to ECI, which was formed on this day in 1950."
"I urge all voters across India to make full use of this year's theme of 'Easy Registration, Easy Correction."
"Recent elections through years have witnessed increased turnout, especially among women and young voters. This is a wonderful sign."
New Delhi : Telecom operator Aircel has announced a scheme offering 10 paise per minute calls to its pre-paid subscribers within its network.
The scheme will also offer free music download for first 30 days from the date subscribers opts for it.
"We are delighted to launch yet another industry first product, Unlimited STD On-net calls at 10 paise per minute bundled with limitless music free for 30 days," Aircel Chief Marketing Officer Anupam Vasudev said in a statement.
New Aircel customers can get this pack by opting for recharge from Rs 71 to Rs 149 with a validity of 30 days.
New Delhi - Budget carrier SpiceJet today said the government has approved its "reconstruction and revival" plan submitted to the Civil Aviation Ministry on January 15.
"The company has on January 22, 2015 received the approval of the competent authority, the Ministry of Civil Aviation, Government of India, for the 'scheme of reconstruction and revival for the takeover of ownership, management and control of SpiceJet Ltd' by Ajay Singh in accordance with the application made by the company," the airline said in a filing to the BSE today.
New Delhi - High 3G spectrum base price of Rs 3,705 crore recommended by inter-ministerial panel Telecom Commission and less quantum of airwaves being put for auction will adversely impact development Indian mobile networks, global telecom body GSM Association said Thursday.
"The GSMA is concerned by the action of the Telecom Commission to increase reserve prices for India's 2100MHz (3G) spectrum auction next month ? almost 36 per cent higher than those recommended by the Telecom Regulatory Authority of India (TRAI)," GSMA's Chief Regulatory Officer Tom Phillips said in statement.
Telecom regulator TRAI last month recommended base price of Rs 2,720 crore per Mhz for 3G.
New Delhi - A Mumbai-bound Air India flight from London was diverted to Budapest in Hungary Thursday night following a technical snag.
The flight landed at Budapest Airport safely and the passengers have been taken care of, an Air India spokesperson told PTI here.
The AI plane took off from London at its scheduled time 1330 hrs (1900 hrs IST) and landed safely in Budapest at 1752 hrs local time (1022 hrs IST), he said.
According to sources, the flight, AI-130 from London to Mumbai, was diverted to Budapest due to technical problem in one of the engines.