Tag Archives: in

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 »

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 »

Central Bank of India Posts Rs 837-Crore Loss in Q3

New Delhi: Central Bank of India on Tuesday said it has registered a net loss of Rs 836.62 crore for the third quarter ended December. The public sector lender had clocked a profit of Rs 137.65 crore in the corresponding October-December qaurter of 2014-15. Total income of the bank decreased to Rs 6,911.62 crore during the third quarter of 2015-16, ... Read More »

Gold Discounts in India Hit Record Highs as Demand Falters

Mumbai: Indian gold traders say they are struggling to draw buyers despite offering record discounts over rallying international prices, as consumers wait to see if rates can fall further after the federal budget this month. The bullion industry expects the government to cut the record 10 percent import duty on gold in the annual budget for 2016/17 that will be ... Read More »

Crisil Posts Rs 87-Crore Net Profit in Q3

New Delhi: Crisil Ltd on Tuesday reported a 23 per cent growth in net profit at Rs 87.05 crore for the quarter ended December 2015. The company had posted a net profit of Rs 70.79 crore in the October-December quarter of last fiscal. Consolidated total income during the quarter was up 18 per cent at Rs 385 crore, Crisil said ... Read More »

PepperTap Shuts Down Operations In 6 Cities

Hyperlocal grocery delivery service PepperTap will be shutting down its operations in six Indian cities, which include three metros. The Gurgaon-based startup is ceasing operations in Ahmedabad, Chandigarh, Mumbai, Kolkata, Chennai, and Jaipur, and will lay off nearly 400 delivery staff from its fleet. A spokesperson told Gadgets 360 that only fifty of them were on payroll, and the rest ... Read More »

Google Now Offers Flood Alerts in India

Google on Tuesday announced that it will offer flood alerts in India through Google Public Alerts. The company said that users will be able to find flood alerts with river level information for over 170 areas in which Central Water Commission (CWC) has active observation stations. In a blog post, Google said the alerts will be available on Google Web ... Read More »

Vulnerabilities in Font Processing Library Impact Firefox, Linux: Report

Security researchers have found vulnerabilities in Graphite, also known as Libgraphite font processing library, that affects a number of systems. The vulnerabilities, if exploited, allow an attacker to seed malicious fonts to a machine. The Libgraphite library is utilised by Linux, Thunderbird, WordPad,Firefox, OpenOffice, as well as several other major platforms and applications. Security researchers from Cisco have posted an ... Read More »

Ratan Tata Invests in B2B Marketplace Moglix

Leading industrialist Ratan Tata has invested in Moglix, an e-commerce company specialising in B2B procurement of industrial products, continuing his slew of investments in startups across the world. This is Tata’s sixth investment this year after investing in five companies DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox last month. Tata has invested an undisclosed amount in the company and with his ... Read More »