Audi's much awaited baby SUV, the Q3 is finally here in India with bookings to start from April end and deliveries in May. The Q3 promises to bring in Q5/Q7 quality at a relatively affordable package. The Q3 will initially be launched with a 2.0-litre TDI engine producing 176PS of power mated to a 7-speed S-tronic box, with the 2.0-litre TFSI scheduled for later this year. Audi will also be...
07:36 PM, Apr 10, 2012
New Delhi: India's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. Gross domestic product rose 6.1 per cent in October to December compared with a year earlier, a lower than expected increase, figures from the federal statistics office showed. That marked a sharp pullback from 6.9 per cent...
02:13 AM, Mar 01, 2012
New Delhi: Finance Minister Pranab Mukherjee on Wednesday termed the third quarter GDP number of 6.1 per cent as "disappointing" but expressed the hope that economy will register a growth of 7 per cent for the entire fiscal. "No doubt, it is disappointing 6.1 per cent... but not unexpected," he said. "If, I take first quarter, second quarter, third quarter taken together, it is also indicating a downward trend," he...
01:37 AM, Mar 01, 2012
New Delhi: India's Gross Domestic Product (GDP) has dipped sharply to 6.1 per cent in the third quarter ending December 2011. The growth is the lowest in almost two years and analysts say the outlook is ominous if the Centre and the Reserve Bank of India (RBI) don't take remedial action immediately. The GDP growth is the slowest in 11 quarters. It was 6.9 per cent in the previous quarter...
11:31 AM, Feb 29, 2012
Mumbai: Kingfisher Airlines has reported a 75 per cent jump in its net loss to Rs 444 crore for the December quarter from a year earlier amid high fuel cost and a weaker rupee, said the company in a statement. The airline which has discontinued operations on its low cost arm Kingfisher Red also saw its revenues drop 5 per cent to Rs 1547 crore. "Steep depreciation of the Indian...
09:56 AM, Feb 16, 2012
Mumbai: Tata Motors on Tuesday reported 40.51 per cent jump in consolidated net profit to Rs 3,406 crore for the quarter ended December 31, 2011. The company had posted a net profit of Rs 2,424 crore in the corresponding period last financial year, Tata Motors said in a statement. The consolidated revenue during the third quarter also increased by 43.95 per cent to Rs 45,260 crore from Rs 31,442 crore...
06:51 PM, Feb 14, 2012
Mumbai: Despite reporting nearly Rs 40-crore loss in the December quarter due to a 90 per cent spike in fuel costs, no-frills carrier SpiceJet on Monday ruled out increasing fares. "We are not looking at increasing our fares now, as the market dynamics does not allow us that. Also, we are confident of improving earnings going forward, and we hope to improve our revenues further from the 41 per cent...
11:13 PM, Feb 06, 2012
Mumbai: Third largest (among listed companies) software services provider Wipro has reported a consolidated net profit of Rs 1,456 crore in the third quarter of FY12, a growth of 12 per cent as compared to Rs 1,299.9 crore in the previous quarter. Consolidated revenue jumped 11 per cent to Rs 9,997 crore from Rs 9,007 crore quarter-on-quarter. Numbers were better than analysts' expectations; CNBC-TV18 poll had expected revenues at Rs...
08:58 AM, Jan 20, 2012
Mumbai: HDFC Bank on Thursday reported a 31 per cent growth in its net profit at Rs 1,429.66 crore for the December quarter, mainly on account of increase in interest income and lower provisioning for bad loans. The bank's net profit in the October-December 2010 was Rs 1,087.83 crore. During the quarter, net interest income of the bank rose 12 per cent y-o-y to Rs 3,116 crore, HDFC Bank said...
06:49 PM, Jan 19, 2012
Mumbai: Infosys, the second largest software services exporter, reported a better than street expected numbers in the third quarter of FY12 but the company disappointed with its dollar revenue guidance for FY12. The company posted a net profit of Rs 2,372 crore in the third quarter, a growth of 24.5 per cent as compared to Rs 1906 crore in the previous quarter. Its revenues moved up 14.8 per cent to...
09:15 AM, Jan 12, 2012
This week on 'Overdrive' we bring you an exclusive drive of all new Audi Q3 and all the motoring news of the world. ...
06:26 PM, Jul 09, 2011
Mumbai: Market leader Reliance Industries Ltd (RIL) on Friday announced a 28.14 per cent growth in its net profit at Rs 5,136 crore for the third quarter of the current financial year. The Mukesh Ambani-led company had a net profit of Rs 4,008 crore in the same period last year. The net turnover of the company increased to Rs 59,789 crore from Rs 56,856 crore in the corresponding quarter of...
05:53 PM, Jan 21, 2011
Bangalore: Wipro Ltd surprised markets with the resignations of the joint-CEOs of its information technology business, after reporting profit growth rates which lagged rivals Infosys Technologies Ltd and Tata Consultancy Services. India's third-ranked software services exporter said company veteran TK Kurien was taking over as the new chief executive of the unit. "The joint CEO structure was one of the key factors that successfully helped us navigate the worst economic...
11:39 AM, Jan 21, 2011
Mumbai: India's third largest IT software exporter Wipro has announced its results for the quarter ended December 2010. It has reported net profit at Rs 1,319 crore as against Rs 1,276 crore, a growth of 3.4 per cent on quarter-on-quarter basis (QoQ). Consolidated revenues went up to Rs 7,829 crore from Rs 7,731 crore and dollar denominated global IT revenues rose 5.6 per cent to $1.34 billion (QoQ). Global IT...
11:07 AM, Jan 21, 2011
Mumbai: Country's largest software firm Tata Consultancy Services (TCS) on Monday posted 29.93 per cent jump in consolidated net profit at Rs 2,369.83 crore for the third quarter ended December 31, 2010. The company has announced 200 per cent dividend. It has declared the third interim dividend of Rs 2 per equity share of Re 1 each. TCS had recorded net profit of Rs 1,823.90 crore in the October-December 2009...
06:33 PM, Jan 17, 2011
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
