Fraud-hit IndusInd Bank on Wednesday reported a Rs 2,329 crore loss for the March quarter, its worst performance ever, as the interim management opted to go for a deep-clean exercise beyond recognising the impact of wrong accounting practices. Photograph: Anushree
InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. Photograph: Danish Siddiqui/Reuters The company’s profit after tax in
‘We are looking at what kind of products, diagnostics or other solutions we can offer to become a well-rounded player in a particular disease area globally.’ IMAGE: Text. Photograph: Kind courtesy Zydus Lifesciences Ahmedabad-based Zydus Lifesciences has recently forayed into
India’s mango exports to the US are registering healthy growth, and irradiation operations at a key mango treatment facility in Mumbai have been normalised after a brief disruption due to a data recording error earlier this month, an official said
Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. Photograph: Francois Lenoir/Reuters With the
The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company. “The proposed transaction
With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken. IMAGE: Laborers along the roadside eat a donated meal by
The discord between the Samsung workers affiliated to the Samsung India Thozhilalar Sangam and the company management over wage hike has been amicably resolved with the company agreeing to increase the wages, Tamil Nadu Labour Minister C V Ganesan informed
Private equity and venture capital investments dropped to $4.7 billion in April this year on heightened uncertainty and high valuation expectations of sellers, a report said on Monday. Illustration: Uttam Ghosh/Rediff The overall amount invested is 6 per cent lower
Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT stocks and a weak trend in global markets after rating downgrade of the US by Moody’s Ratings. Photograph: Francis
