Business

Drugmaker Dr Reddy's Laboratories posted an over seven-fold rise in first-quarter net profit on Thursday, handily beating market expectations, aided by the launch of a generic version of an opioid addiction drug.

Net profit came in at Rs 476 ($69.31 million) in the quarter ended June 30, compared with Rs 66.6 crore a year earlier, the company said.

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Ambuja Cements posted a 27 per cent increase in second-quarter profit on Wednesday, beating market estimates, helped by higher cement sales and lower expenses.

Standalone profit rose to Rs 499 crore ($72.60 million) in the quarter ended June 30, from Rs 392 crore a year earlier, the Mumbai-based company said.

Analysts on average had expected a

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of 11 nights and 12 days to Rameshwaram, Madurai, Kovalam, Trivandrum, Kanyakumari,  Tiruchirapalli and Tirupati. The name of the package is Dakshin Bharat Yatra. The 'Bharat

Yes Bank Ltd beat analysts' estimates for quarterly profit on Thursday, helped by higher interest income and growth in its corporate banking division. Net profit rose to Rs 1,260 crore ($183.43 million) in the first quarter ended June 30, from Rs 966 crore. Analysts were expecting Rs

Reliance Jio, the Mukesh Ambani-led telecom company, has released a spree of offers. Reliance Jio will also next month be releasing JioPhone 2, the second generation of JioPhone, the flagship feature phone of the company. Under the JioPhone Monsoon

Fixed deposits or FDs, the fixed income instruments which are highly popular among customers, are of two types: regular FDs with the facility of premature withdrawal and tax-saving FDs which do not have the facility of premature withdrawal. Fixed deposits with premature withdrawal

India's largest-selling car maker, Maruti Suzuki India Ltd, posted a rise of nearly 27 per cent in first-quarter profit on Thursday, boosted by higher sales volumes, but missed street estimates. The company, majority-owned by Japan's Suzuki Motor Corp, reported profit of Rs 1,975 crore

The world's largest two-wheeler maker, Hero MotoCorp Ltd, posted a lower-than-expected quarterly profit on Wednesday, hit by higher cost of materials. Profit after tax fell slightly to Rs 909 crore ($132.2 million) in the first quarter ended June 30,

AirAsia is offering international flight tickets from fares starting as low as Rs. 2,510. AirAsia's offer on flight tickets is valid till July 29, 2018. The travel period for AirAsia's sale is from November 1, 2018 to August 13, 2019, according to its

AirAsia India and GoAir are offering discount on domestic flight tickets. Under the offer, AirAsia India is offering flight tickets from Rs. 1,399. The latest offer of AirAsia is valid till July 29, 2018, according to AirAsia's website, airasia.com. The scheme, the

State-run Canara Bank Ltd reported a surprise 11.9 per cent rise in first-quarter net profit on higher interest income while its bad-loan provisions increased slightly. Net profit was Rs 281 crore ($40.9 million) for the three months ended June 30, compared with Rs 252

Bengaluru: India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year's general election, but rising oil prices pose the biggest downside risk, a Reuters poll of economists showed. The over $2 trillion

IRCTC, the ticketing arm of Indian Railways, allows refund on a booked train ticket under certain conditions. While IRCTC allows refund through online and offline modes in case of cancellation of a regular train ticket, no refund - or money back - is permitted in

JSW Steel Ltd reported a better-than-expected first-quarter net profit on Wednesday, boosted by higher steel prices and robust domestic demand. Net profit for the quarter ended on June 30 was at Rs 2,366 crore ($344.3 million), a nearly four-fold jump from the same quarter a year ago, the company said. That compared with an average estimate of Rs

Amid a rise in global crude oil prices and a falling rupee - both of which happened for a second day in a row - petrol and diesel prices were on Wednesday kept unchanged across the four metro cities, according to Indian Oil Corporation (IOC), the largest fuel retailer of the

Share Market Update: At 11 am, the Sensex traded at 37,012.38 with a gain of 154.15 points or 0.42%.

Reversing its two-day losing streak, gold recovered by Rs 10 to Rs 30,850 per 10 grams, driven by a firm trend overseas amid scattered buying by local jewellers, reported news agency Press Trust of India. Silver also strengthened by Rs 155 to 39,480 per kg on

The S-P BSE Sensex opened on Wednesday at a fresh record high of 36,928.06 while the Nifty50 started the session at 11,148.40. In the first few minutes of the trade, the Sensex traded at 36,871.94, up 46.84 points or 0.13 per cent. The Nifty50

Have you filed your income tax return (ITR) If not, you have to file your I-T return by July 31 in order to avoid penalty up to Rs 10,000. The Income Tax Department has provided seven ITR forms - ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR

Fixed deposits or term deposits offered by banks are popular among customers because of the simple reason that they fetch higher interest rates than other savings schemes. Another reason for the popularity of bank fixed deposits is the convenience with which they can be created. Banks

Singapore/New Delhi: Reliance Industries is looking to sell more naphtha, bringing its total naphtha exports through tenders for August lifting at 185,000 tonnes, traders said, the highest monthly spot volumes offered by the company since February.

However, some 60 per cent of the August volumes were considered off-specification as the grade does

Even as global oil prices extended their gains for a third straight day on Thursday, local fuel retailers did not hike petrol, diesel prices. Thursday's prices, which came into effect from 6 am, were kept unchanged for the second day in a row, according to

Domestic carriers GoAir and SpiceJet are offering low fares and discounts on flight tickets. GoAir is offering flight tickets from an all-inclusive fare of Rs. 1,050, the airline said on its website goair.in. GoAir's discount offer on flight tickets is valid

Top banks today require their customers to maintain a certain minimum average balance in their savings accounts. Customers failing to maintain this minimum balance average, also known as monthly average balance or MAB, are charged a penalty

State-run power plant equipment maker Bharat Heavy Electricals on Wednesday reported a standalone net profit of Rs 156 crore ($22.68 million) for the quarter ended June 30. Despite the nearly doubling of the net profit on a year-on-year basis, the net profit

The IPO or initial public offer of HDFC Asset Management Company (AMC) opened for subscription on Wednesday. It is the most profitable AMC and the second largest in terms of assets under management (AUM) with a 14 per cent market share. By 2:08 pm, the 1.88 crore issue had received 92.16 lakh bids.

The government has said that it is aware of reports suggesting unavailability of cash in "several ATMs" across the country. Cash availability and ATM functionality is being monitored regularly to ensure sufficient availability of cash in ATMs,

India’s ministries of finance and power are discussing a plan to sell government’s stake in hydro-power producer NHPC Ltd. to its state-run peer NTPC Ltd., the nation’s biggest electricity generator by capacity, according to people familiar with the matter.

The

Domestic stock markets concluded a choppy session on Wednesday on a mixed note, with the BSE Sensex registering a third record closing high in a row. National Stock Exchange (NSE) benchmark index Nifty, however, closed on a flat note. BSE benchmark index Sensex closed 33 points higher at 36,858 - a fresh record closing high - while the 50-scrip

Asian Paints Ltd, India's biggest paint maker by market capitalisation, on Tuesday reported first-quarter profit above analysts' expectations, helped by double-digit volume growth in its decorative paint business.

Net profit rose about 31 per cent to Rs 558 crore ($81.02 million) in the three months ended June 30 from Rs 427 crore a year earlier,