The New Indian Express Business News

  • Business

    CPCL Registers Q3 Net Profit of Rs 33.97 crore

    CHENNAI: Chennai Petroleum Corporation, an Indian Oil Group company, recorded a net profit of Rs 33.97 crore for the October-December quarter of this fiscal. The city-based company had registered a net loss of Rs 680.52 crore during the same period of the previous fiscal. For the nine-month period ending December 31, 2015, net profit stood at Rs 505.08 crore as against a net loss of Rs 403.56 crore...

    • an hour ago
  • Business

    Ten Biggest Falls in Sensex History

    At the best of times, India's Sensex is like a plane in turbulence. Not good for the stomach. Here are the 10 biggest falls in the Indian stock market history

    • 2 hrs ago
  • Business

    80,000 Coolpad Note 3 Lite Devices Sold in 41 Seconds

    NEW DELHI: Chinese smartphone maker Coolpad on Thursday announced that it sold 80,000 units of Coolpad Note 3 Lite in 41 seconds during their first three flash sales on Amazon.The first flash sale saw 30,000 units going out in 21 seconds. The second and third flash sales proved a success too with 25,000 units each disappearing in a mere eight and 12 seconds, respectively."With 80,000...

    • 3 hrs ago
  • Business

    Indian Bank Q3 Net Tanks 85% at Rs 42.30 crore

    CHENNAI: Public sector Indian Bank today recorded a plunge of 84.75 per cent in net profit at Rs 42.30 crore for the third quarter ended December 31, 2015 on higher provisioning for bad loans. The city-based bank had registered a net profit of Rs 277.52 crore in the corresponding period of the last fiscal, Indian Bank Managing Director and CEO Mahesh Kumar Jain said. For the nine-month period...

    • 3 hrs ago
  • Business

    Market Meltdown: Sensex Plummets 807 Points to crack 23,000-mark

    MUMBAI: In a bloody carnage on Dalal Street, market benchmark Sensex plunged by 807.07 points today, its biggest fall in six months, to settle below 23,000-level after 21 months as fears of a global slowdown and disappointing quarterly numbers combined to batter investor sentiment. Total investor wealth, measured in terms of cumulative market value of all listed stocks, tanked by...

    • 3 hrs ago
  • Business

    Amuse Yourself in India in a Pocket-Friendly Way with OYO Rooms

    India is a magnificent place to travel around and enjoy a beautiful holiday whenever you need a break from your routine life. All you need is to explore the grace of your country and cherish it with all your heart. From the Himalayan Ranges at Kashmir to the beaches of Kanyakumari, India is a divine beauty. A country with various cultures, languages and traditions, usually the most...

    • 3 hrs ago
  • Business

    Natco Pharma Q3 Net Profit Rises Over Two-fold to Rs 37.15 crore

    NEW DELHI: Drug firm Natco Pharma today reported over two-fold jump in consolidated net profit at Rs 37.15 crore for the third quarter ended December 2015. The company had posted a net profit of Rs 14.34 crore during the same quarter of the previous fiscal as it was hit by a one-off item of Rs 1,513 crore paid for settlement of a legal dispute. Net sales of the company also...

    • 4 hrs ago
  • Business

    Voltas Q3 Net Profit Falls 49.52% to Rs 54.19 crore

    NEW DELHI:Tata group firm Voltas Ltd today reported 49.52 per cent decline in consolidated net profit at Rs 54.19 crore for the December quarter. The company had posted a consolidated net profit of Rs 107.37 crore in the same period last fiscal, Voltas said in a BSE filing. Net sales during the quarter under review rose by 38.57 per cent to Rs 1,301.14 crore as against Rs 938.97 crore in the...

    • 4 hrs ago
  • Business

    Worrying Imbalances Lurk Below India's High Headline Growth

    NEW DELHI/MUMBAI: India's turbocharged growth figures have been criticised by many analysts for giving too flattering a view of Asia's third-largest economy. Closer scrutiny reveals another reason to worry: it's the wrong kind of growth. Consumer spending was the main driver behind India's 7.3 percent growth in the October-December quarter, as a pick up in urban...

    • 4 hrs ago
  • Business

    Market Mayhem: Sensex Crashes 800 Points to crack 23,000-level

    MUMBAI: Market benchmark Sensex crashed below 23,000-level in pre-close session after nosediving over 800 points while the NSE Nifty broke 7,000-mark on massive sell-off in banks and persistent foreign fund outflows. The benchmark BSE Sensex slumped by over 800 points or 3.45 per cent to 22,950.90. The Nifty crashed 232.30 points or 3.21 per cent to 6,983.40. Barring Cipla, all the...

    • 4 hrs ago

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