Business

Jubilant Life Reports Rs 117-Crore Net profit in Q3

New Delhi: Jubilant Life Sciences on Tuesday reported a net profit of Rs 116.93 crore for the third quarter ended December 31. The company had posted a net loss of Rs 11.16 crore during the same period of previous fiscal. Net sales of the company stood at Rs 1,337.04 crore for the third quarter, from Rs 1,430.25 crore in the ... Read More »

Essar Oil Sees 7-Fold Jump in Q3 Net Profit to Rs 364 Crore

New Delhi: Essar Oil on Tuesday reported a seven-fold jump in its third quarter net profit at Rs 364 crore on account of record refining margins. The company’s net profit stood at Rs 52 crore in the same period a year ago, it said in a statement. However, total revenue declined 37 per cent to Rs 13,947 crore as oil ... Read More »

Fear of Losing Jobs Recedes in India, Says Survey

Seventeen per cent of Indian employees fear about losing their jobs. This is the finding of a survey by global human resource consulting firm Randstad conducted during the December quarter. In the September survey, 23 per cent of employees had expressed fear about job security. The survey also revealed positive sentiment among Indian employers for 2016: A staggering 90 per ... Read More »

MOIL December Quarter Net Plunges 88%

New Delhi: State-run MOIL’s standalone net profit plunged 88 per cent to Rs 13 crore for the quarter ended December due to lower income. The company had reported a net profit of Rs 108 crore in the corresponding quarter of the previous fiscal, it said in a filing to the BSE. The company’s income from operations declined 59.7 per cent ... Read More »

Equity MF Inflows Hit 20-Month Low of Rs 2,914 Crore in January

New Delhi: Equity mutual funds witnessed in January inflows worth Rs 2,914 crore, the lowest level in the last 20 months, mainly on account of weakness in stock markets and appreciation in gold prices, says a report. This was the second successive month when the flows for local equity mutual funds. According to a Deutsche Bank research report, equity MFs ... Read More »

PFS Q3 Net Rises 27% to Rs 69 Crore

New Delhi: PTC India Financial Services (PFS) on Tuesday said its net profit grew by 27 per cent to Rs 69.45 crore during the quarter ended December 2015. Its net profit during the corresponding quarter last year stood at Rs 54.81 crore. The company’s total revenue for the quarter ended December increased by 17 per cent to Rs 248.06 crore ... Read More »

Apollo Tyres Q3 Net Up 51% to Rs 278 Crore

New Delhi: Apollo Tyres on Tuesday reported a 51.35 per cent increase in consolidated net profit at Rs 278.5 crore for the third quarter ended December 31, 2015. The company, which on Tuesday announced appointment of former CAG Vinod Rai and ex-CEO of Pirelli Tyres Francesco Gori to its Board of Directors, had posted a consolidated net profit of Rs ... Read More »

Aurobindo Pharma Q3 Net Profit at Rs 535 Crore

New Delhi: Aurobindo Pharma today reported a consolidated net profit at Rs 535 crore for the third quarter ended December 31, 2015. The company had posted a consolidated net profit of Rs 384 crore in the same period last fiscal, Aurobindo Pharma said in a BSE filing. Net sales during the period under review stood at Rs 3,432.08 crore. In ... Read More »

Banking, Financial Services Segment Ahead of Company’s Overall Growth: TCS

New Delhi: Allaying concerns regarding demand slowdown in banking and financial services (BFS) vertical, the country’s largest IT firm Tata Consultancy Services (TCS) on Tuesday said the segment continues to grow well and is “ahead of the overall company growth”. Yesterday, TCS’ rival Cognizant had given a bleak revenue outlook for the first quarter and 2016, citing a “soft start ... Read More »

Axis Bank Appoints V Srinivasan as Deputy MD

New Delhi: Private lender Axis Bank on Tuesday said it has appointed V Srinivasan as deputy managing director of the bank. The bank has received approval from RBI for re designation of V Srinivasan as the deputy managing director for three years, with effect from December 21, 2015, Axis Bank said in a statement. Prior to this, he was executive ... Read More »