Revenues

  • Apple's profit climbs along with iPhone sales, but iPad sales slump 2 days ago

    San Francisco: Apple on Tuesday reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results. The California-based company posted a profit of $7.7 billion on revenue of $37.4 billion in the three months period to June 28, an...
  • Microsoft to overtake Yahoo for the first time in ad revenues: Survey July 16, 2014

    New York: Microsoft is expected to overtake Yahoo for the first time in digital advertising revenues, a research firm said today. The survey by eMarketer represents a setback for Yahoo's effort to return to its glory days as an Internet pioneer. The report said Google will extend its domination of...
  • Infosys first quarter profit up 21.6 per cent, beats estimates July 11, 2014

    Mumbai: Infosys Ltd (INFY.NS), India's second-largest software services exporter, posted a 21.6 per cent increase in quarterly net profit, beating estimates, as it won new outsourcing contracts from overseas clients. Consolidated net profit for the quarter ended June 30 rose to Rs 2,886 crore from Rs 2374 crore in the same...
  • Three revenue officials booked for submitting fake certificates June 20, 2014

    An FIR was on Friday registered against three revenue department officials for allegedly submitting fake educational certificates while applying for their jobs. The report was registered after a complaint was received by District Magistrate M K Swami B alleging that the three 'Lekhpals'--Nandji Ram, Sitaram Verma and Ramshankar Singh, who were working...
  • Indian Railways freight revenues increases by 7.05 per cent June 18, 2014

    New Delhi: The Indian Railways on Wednesday reported an increase of 7.05 percent in revenues at Rs 16,405.26 crore from ferrying 180.63 million tonnes of different commodities during April-May 2014. The railways had carried 171.84 million tonnes freight generating revenues of Rs 15,324.25 crore during the corresponding period last year. According to...
  • Two get 10 years jail term for submitting fake documents for government job May 14, 2014

    Two persons, including a woman, have been sentenced to ten years of rigorous imprisonment for submitting fake documents to get a government job in 2008. Additional Session Judge Pradeep Mittal on Tuesday held Arun Chouhan (33) and Vandana (38) guilty under section 420 and 467 and sentenced them to 10 years...
  • US Internet ad revenue surpasses broadcast TV for the first time April 11, 2014

    New York: For the first time, US Internet advertising revenue has surpassed that of broadcast television thanks to sharp growth in mobile and digital video ads. That's according to a report from the Interactive Advertising Bureau, which said Thursday that Internet advertising revenue rose 17 per cent to a record $42.8...
  • Revenue official arrested for taking Rs 25000 bribe March 13, 2014

    A woman revenue official was on Thursday arrested for allegedly accepting a bribe in Rajasthan's Sriganganagar district. Rajpal Kaur, posted as Patwari-Suratgarh tehsil, had allegedly demanded a bribe of Rs 25,000 from one Mahendra Singh for transferring land of his father in his name in the revenue records, officials said. Kaur, had...
  • Revenue official arrested for taking bribe March 11, 2014

    Anti-Corruption Bureau sleuths on Tuesday arrested a revenue official for allegedly accepting a bribe of Rs 10,000 in Rajsamand district, an ACB official said. Lal Singh, posted as Patwari at Devgarh tehsil, had demanded the bribe from Chunni Lal Khateek for transferring a land in revenue records, he said here. After verification...
  • India can quadruple revenue from Africa by 2025 March 10, 2014

    New Delhi: India can quadruple revenue from Africa to $160 billion by 2025 through expanding its presence in sectors like information technology, agriculture, infrastructure, pharmaceuticals and consumer goods, says a McKinsey report. "There is a large opportunity for Indian retailers in Africa, more in terms of apparel, fashion products, etc," Vice-Chairman...
  • Sugar worth Rs 70 cr seized after mill owner fails to pay dues to cane growers March 5, 2014

    Revenue officials have attached sugar worth Rs 70 crore from sugar mill after its owner failed to pay dues of cane growers. "Due to non clearance of dues of the farmers, district authorities issued recovery certificate against Titawi sugar mill but they failed to pay the amount," Ramkishan Sharma, Additional District Magistrate...
  • Raise our share in tax revenues, Shivraj Singh Chouhan tells Centre February 18, 2014

    Madhya Pradesh Chief Minister Shivraj Singh Chouhan has sought a raise in the state government's share in the central tax revenues from the existing 30 per cent to 50 per cent. The Chief Minister made this demand during a meeting with the members of the 14th Finance Commission held in the...
  • Two arrested with fake currency notes in Muzaffarpur February 9, 2014

    Two people were arrested on Sunday with fake currency notes of face value Rs.3.98 lakh in Bihar's Muzaffarpur district, police said. They were arrested by the Directorate of Revenue Intelligence (DRI) at Maithi when they were on their way to deliver the counterfeit notes at Bettiah, the district headquarters of West...
  • Bureaucrat found in possession of Rs 70 crore assets suspended February 2, 2014

    The Madhya Pradesh government has suspended a senior Revenue Department officer after he was found in possession of assets worth around Rs 70 crore, suspected to be acquired through corrupt means. Ravikant Dwivedi, a Joint Commissioner in Revenue Department, was suspended on Saturday night after Lokayukta police last week raided his...
  • Vyapam scam: Bureaucrat found in possession of assets worth Rs 70 crore January 31, 2014

    Lokayukta Police on Thursday uncovered details of nearly two dozen properties worth at least Rs 60-70 crore possessed by a senior Revenue Department officer, who is suspected to have acquired them through corrupt means. The case came to light when personnel of the anti- corruption watchdog raided the residence of Ravikant...
  • Bharti Airtel Q3 net profit jumps 115 per cent to Rs 610 crore January 29, 2014

    New Delhi: Led by growth in data revenues, country's largest telecom operator Bharti Airtel's net profit rose 115.1 per cent to Rs 610 crore for the quarter ended December 2013. The company had reported a net profit of Rs 284 crore in the corresponding period last financial year, the company said...
  • Yahoo's fourth quarter revenue slides as ad prices dip again January 29, 2014

    San Francisco: Yahoo Inc's online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace. Yahoo's overall revenue fell 6 per cent in the last three months of the year to...
  • I-T finds irregularities in Virbhadra's agricultural income: Report January 4, 2014

    New Delhi: Income Tax authorities in Himachal Pradesh have found irregularities in the agricultural income filed by Chief Minister Virbhadra Singh. According to reports, IT authorities have allegedly stumbled upon revelations that tonnes of apples from Virbhadra Singh's orchards were transported in oil tankers and on two wheelers. National daily, The...
  • Policemen unearth ill-gotten assets worth Rs 1 crore from revenue official December 19, 2013

    Lokayukta Police on Wednesday seized alleged disproportionate assets worth over Rs 1 crore after conducting raids at two residences of a revenue official in Jabalpur. "The raids were conducted simultaneously at Santosh Singh Thakur's places in Jabalpur's Shukla Nagar and Bhedaghat areas," DSP of Lokayukta Police MS Dhurve told reporters. From Bhedhaghat...
  • Sushil Modi hits back, says defective notification caused revenue loss December 15, 2013

    Under fire from JD(U) for allegedly causing revenue loss by lowering VAT on certain goods six years ago, former deputy chief minister Sushil Kumar Modi sought to avoid blame saying the loss had taken place due to defective notification and demanded a CBI probe in the matter. "The revenue loss had...
  • Apna Dal leader Anupriya Patel gives privillege motion notice to Speaker December 5, 2013

    Apna Dal national general secretary and MLA Anupriya Patel on Wednesday gave a privilege motion notice to Speaker Mata Prasad Pandey, over registration of fake cases against her by the police. "I have met the Speaker and informed him about the incident on December 3 at my constituency Rohaniya in Varanasi,"...
  • Tata Motors beats analyst's estimates, records 71 per cent Q2 profit November 8, 2013

    India's biggest automaker by revenue Tata Motors Ltd has beaten analyst estimates by posting a 71 per cent jump in profit, its first quarterly gain in a year, as buoyant sales at luxury unit Jaguar Land Rover Ltd received a lift from new models. Tata Motors, part of the $100 billion...
  • US budget deficit down to USD 680 bn, lowest in 5 years October 31, 2013

    Washington: For the first time in five years, the US government has run a budget deficit below USD 1 trillion. The government said on Wednesday that the deficit for the 2013 budget year totalled USD 680.3 billion, down from USD 1.09 trillion in 2012. That's the smallest imbalance since 2008, when...
  • Twitter says revenue potential limited in India October 20, 2013

    Washington: As it gears up for the much-touted USD one-billion IPO next month, Twitter says revenue generation may be limited in international operations and its inability to offer full features in markets like India may adversely impact its business and results. According to a latest regulatory...
  • Google shares break $1,000 barrier as mobile pays off October 18, 2013

    San Francisco: Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company's continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc. Shares of the world's No. 1 search company rose more than 13 percent to hit an...
  • HCL Tech revenue growth lags peers, but profit soars October 17, 2013

    Bangalore: HCL Technologies(HCLT.NS), India's number 4 IT services exporter, reported quarterly revenue that grew at a slower pace than that of its rivals, sending its shares lower though profit beat market expectations by rising 64 percent. HCL relies heavily on contracts to manage data centres and networks for revenue growth, whereas...
  • Yahoo's net revenue dips along with ad prices October 16, 2013

    San Francisco: Yahoo Inc's net revenue dipped slightly in the third quarter as prices for its display ads remained under pressure. Yahoo shares were up 16 cents at $33.54 in after market trading on Tuesday after initially rising more than 4 per cent. Yahoo also announced it would sell fewer shares than...
  • Infosys Q2 net profit rises to Rs 2407 cr vs Q1 net profit of Rs 2,374 cr October 11, 2013

    Mumbai: Bangalore: IT major Infosys on Friday reported a 1.6 per cent rise in consolidated net profit to Rs 2,407 crore for the second quarter ended September 30, 2013, on the back of large deals and increased sales from Big Data and Cloud. The Bangalore-based firm had reported a net profit...
  • Government eyes Rs 11,000 crore revenue through spectrum auction September 24, 2013

    New Delhi: The Department of Telecom is likely to conduct the third round of spectrum auction by January 2014 and expects to garner a minimum revenue of about Rs 11,000 crore this fiscal, a top official said. Replying to a query on expected time-line for the next round of spectrum auction,...
  • Real Madrid reveal record revenues prior to Gareth Bale deal September 6, 2013

    Madrid: Real Madrid said they posted record revenue of more than half a billion euros (dollars) for a second straight season in 2012-13. The world's richest club says it earned 521 million euros ($684 million) - a 1.2 percent increase from the previous year - for a profit of 37 million...