Finance

Kotak Bank Q2 net profit at Rs 942 crore

New Delhi,: Private player Kotak Mahindra Bank today reported consolidated net profit of Rs 942 crore for the second quarter ended September 30, 2015-16. The Group has posted a profit after tax of Rs 718 crore in the July-September quarter of the 2014-15 fiscal. “The results for the quarter and half year ended September 30, 2015 include operations of erstwhile ... Read More »

Sensex trades flat in morning session

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading flat at 13.86 points or 0.05 percent up during the morning session. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 4.25 points or 0.05 percent up at 8,116 points. The Sensex of the S&P Bombay Stock Exchange (BSE), which ... Read More »

RBI allows NRIs to subscribe to National Pension System

Mumbai: To enable Indians living abroad to access old age income security, Reserve Bank Thursday allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS). “It has now been decided, in consultation with the Government, to enable National Pension System (NPS) as an investment option for NRIs under FEMA, 1999,” RBI said in a notification here today. NRIs ... Read More »

InterGlobe Aviation IPO flies high, over-subscribed 6.15 times

Mumbai: The Rs 3,018-crore public offer of IndiGo’s parent InterGlobe Aviation, the biggest IPO in nearly three years, elicited robust response as the issue got over- subscribed 6.15 times on the last day of bidding Thursday. The IPO generated demand worth over Rs 18,000 crore, as it received bids for 18,53,10,405 shares against the total issue size of 3,01,22,088 shares, ... Read More »

NSE, BSE to conduct 60-minute ‘Muhurat Trading’ on Diwali

New Delhi: Leading stock exchanges NSE and BSE will conduct a special session for ‘Muhurat Trading’ on account of Diwali on November 11. Trading would be conducted between 1745 hours and 1845 hours on the day, NSE said in a circular. “…A special live trading session shall be held on Wednesday, November 11, 2015 on account of Muhurat trading on ... Read More »

Zica hopes for the Messi effect

Come January and Zica, the newest hatchback from the Tata Motors’ stable, will hit the road. Expected to be priced at around Rs 4,00,000, Zica is being positioned as a competitor to the Hyundai Grand i10 and Maruti Suzuki Celerio. It is also the first launch after Lionel Messi came on board as brand ambassador for Tata Motors, a relationship ... Read More »

Sony Max enters the ring

After being home to the Indian Premier League for eight years, Multi Screen Media’s (MSM) live events and Hindi movie channel Sony Max is all set to air India’s first ever domestic wrestling league. Promoted by ProSportify, a sports events company run by Vishal Gurnani and Kartikeya Sharma, the Pro Wrestling League (PWL) goes on air on December 10, with ... Read More »

Younger consumers don’t have loyalty issues: Nick Foley

Landor, a global brand strategy firm, has just released its list of top 10 global agile brands, which has Samsung on top, followed by Android, Wikipedia and Google. Nick Foley, its president, South East Asia Pacific & Japan,Landor discusses agility, millenials and Indian brands withPurva Chitnis Why are most brands in the list technology driven brands? They are the most ... Read More »

Foreign investors want govt to defer Coal India stake sale

Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low. Foreign investors such as Fidelity, Wellington Management and BlackRock have also conveyed that they might look at selling their holding in Coal India since the share ... Read More »

Kendriya Bhandar to sell imported tur dal in Delhi from Oct 15

  To boost availability and check rising prices, state-run Kendriya Bhandar will start selling imported tur dal at its 100 locations in Delhi from October 15, while sale of the commodity at Mother Dairy’s 300 Safal outlets will begin from this weekend. State-owned MMTC has floated a fresh tender for import of 2,000 tonnes of tur dal, to be delivered ... Read More »