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    ICICI Bank Q1 Net Rises 3.5% To Rs 2,605 Crore

    The country's largest private sector lender ICICI Bank on Thursday (27 July) reported a marginal rise of 3.5 per cent in consolidated net profit at Rs 2,604.73 crore for the first quarter of the current fiscal. The bank's net profit in the corresponding April-June quarter of 2016-17 stood at Rs 2,515.85 crore. Total income on consolidated basis rose to Rs 26,517.57 crore for the quarter...

    • 6 hrs ago
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    Cholamandalam Net Up 25% To Rs 207 Crore On Better NIM

    Financial services company Cholamandalam Investment & Finance on Tursday (27 July) reported a 25 per cent rise in June quarter net at Rs 207 crore helped by reduction in cost of funds and better net interest margin. "Our cost of funds has declined. Net interest margin also improved. This has led to a 25 per cent increase in our profit," chief financial officer Arul Selvan...

    • 6 hrs ago
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    Volkswagen India Exports Its 2,50,000th Car To Mexico

    Volkswagen India has announced that it has shipped out the 2,50,000th India-made car to Mexico till date. The range of cars exported includes locally-made left hand drive Polo and Vento cars, with the latter witnessing high demand in the geography resulting in a steep incline in exports over the years. In fact, the made-in-India Vento has gone on to become the third highest selling car in...

    • 7 hrs ago
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    Maruti Suzuki To Change Aftersales Services With Nexa Service Workshops

    India’s largest carmaker Maruti Suzuki accounts for half of the passenger vehicles sold in the country. The company over the years has maintained its supreme position on the back of new launches, strategic changes, readiness to deal external factors and its ability to decode emerging trends. Carrying the ‘first in the industry tag’ ahead, the carmaker is all set to...

    • 7 hrs ago
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    Idea Cellular Posts Third Straight Loss Amid Price War

    Idea Cellular Ltd, India's No. 3 telecoms firm, reported a third straight quarterly loss on Thursday (27 July), reeling in the wake of a price war wrought by upstart entrant Reliance Jio. The company reported a net loss of Rs 8.15 billion ($127.13 million) for the three months ended June 30 after posting a profit of 2.20 billion a year earlier. Analysts on average estimated a loss of...

    • 7 hrs ago
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    ONGC Takes Step To increase Natural Gas Production In Tripura

    The Oil and Natural Gas Corporation is taking steps to increase production of natural gas in Tripura, a top ONGC official said on Thursday (27 July). "We need to double our production for supply of gas to our proposed fertilizer plant in North Tripura district and to supply more gas to the existing gas based thermal power projects in the state", SC Soni, executive director...

    • 7 hrs ago
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    Food Processing Sector Attracted FDI Worth $183 Million In Last Two Months

    The food processing sector has attracted foreign direct investment (FDI) to the tune of $183 million in last two months, Union Minister Harsimrat Kaur Badal said on Thursday (27 July). "This year in the last two months (May-June 2017) alone, $183 million has already been attracted in the food processing sector in FDI," she said. Talking about investment flow...

    • 7 hrs ago
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    Shuttl Offers 'S.A.F.E.' Features For Commuters In Its Fleet

    Shuttl, India’s largest bus-aggregating platform, has announced the roll-out of ‘Shuttl S.A.F.E.’ (Secure Anxiety Free Experience) - a project which provides multiple safety checks to every commuter through embedded technology features that also ensures responsible behavior by its bus captains. Customized specifically for intra-city urban women commuters, the tech—based safety...

    • 7 hrs ago
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    IDFC Bank Q1 Net Jumps 65% To Rs 437 Crore On Lower Bad Loans

    Private lender IDFC Bank has reported a jump of 65.3 per cent in its net profit at Rs 437.59 crore for the first quarter ended June as bad assets declined and investment income rose. Net profit in the corresponding quarter in 2016 stood at Rs 264.76 crore. Total income increased to Rs 2,793.98 crore for April- June of 2017-18, as against Rs 2,188.6 crore in the year-ago period, the...

    • 7 hrs ago
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    TomorrowLand To Live Stream Its Concert For First Time In India

    Lithiyum, Hotel Ashok, New delhi is all set to be decked up in Tomorrowland colours, setting the scene before the live streaming from the Main Stage for the first time in India. A giant screen will ensure that Delhi grooves along with the mother of all electronic music festivals, with Tomorrowland headliners Afrojack, Alok, Tom Staar, Tom Kryder, Sunnery James & Ryan Marciano,...

    • 8 hrs ago

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