Business, Companies, 1st Aug 2017, News & Stories from India

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Business Companies 01 Aug 2017

Business, Companies, 01 Aug 2017

Company's standalone total revenue during April-June quarter increased to Rs 231.7 crore from Rs 74.3 crore. (Photo: File)

Reliance Defence & Engineering Q1 standalone loss at 230.4cr

Shares of Reliance Defence and Engineering Ltd closed at Rs 61.95 a piece on BSE.

01 Aug 2017 7:55 PM

WhatsApp has some 200 million active users in India.

Paytm to launch messaging service by Aug-end to rival WhatsApp

Paytm's messaging service will let users send audio, video, pictures and texts.

01 Aug 2017 7:44 PM

The company reported a 44.10 per cent fall in consolidated net profit at Rs.626 crore for the quarter ended June 30.

JSW Steel Q1 net slips 44 per cent on flat prod, higher input costs

Total revenue during the quarter increased sharply by 24 per cent to Rs 15,977 crore.

01 Aug 2017 7:43 PM

Telecom sector has always been very competitive with telcos vying for market share.

Jio tactics will have telcos' revenues falling 10 per cent this fiscal

Jio's entry has wrecked financials of all the telcos as they are forced to lower prices on offerings.

01 Aug 2017 7:17 PM

The company had sold 5,32,113 units in July 2016.

Hero MotoCorp sales up 17.13 pc to 6,23,269 units in July

Hero MotoCorp said it was able to clock a robust six-lakh plus sales in July.

01 Aug 2017 6:24 PM

SBI and Samsung India on Tuesday announced the availability of Samsung Pay for higher variants of SBI debit card.

SBI, Samsung collaborate to advance Digital India initiative

Samsung Pay is currently available on Samsung smartphones and it enables consumers to make offline payments without a card.

01 Aug 2017 5:56 PM

Total two-wheeler sales were at 2,63,336 units last month as against 2,40,042 units in July 2016.

TVS Motor Co July sales up 9.34 per cent at 2,71,171 units

Domestic two-wheeler sales grew by 6.2 per cent to 2,19,396 units as against 2,06,605 units.

01 Aug 2017 5:51 PM

Public sector BSNL will set up as many as 1070 Wifi hot spots in rural exchanges in Kerala.

BSNL to come up with 1070 Wifi Hotspots in Kerala

BSNL is also planning to launch camera surveillance solutions in Kollam and Thrissur districts soon.

01 Aug 2017 5:00 PM

More mobile phone companies are gearing up to launch affordable 4G feature phone by the year-end.

Reliance JioPhone provokes other companies to launch 4G feature phones

More mobile phone companies are gearing up to launch affordable 4G feature phone by the end of 2017.

01 Aug 2017 4:43 PM

The bookings for all the new sectors are open for sale from August 1.

AirAsia India adds another A320 to its fleet

AirAsia India has inducted its 12th aircraft, which will be stationed in Bengaluru.

01 Aug 2017 4:39 PM

Ford India on Tuesday reported 46.96 per cent jump in total sales to 26,075 units in July in 2017.

Ford India sales surge by nearly 50 per cent in July

Domestic sales were up 18.96 per cent to 8,418 units in July as against 7,076 units in July, 2016.

01 Aug 2017 2:48 PM

Tata Motors said its overseas shipments last month were at 3,441 units compared to 5,371 a year ago, down 35.93 per cent.

Tata Motors sales move up 7 pc to 46,216 units in July

Sales of passenger vehicles in the domestic market grew 10.23 per cent to 14,933 units last month.

01 Aug 2017 2:21 PM

Shares of IT firm Tech Mahindra on Tuesday surged over 7 per cent after the company reported a 6.5 pe

Tech Mahindra shares surge by 7 per cent post Q1 earnings

Revenues of Tech Mahindra grew 6 per cent to Rs 7,336.1 crore in Q1 of 2017.

01 Aug 2017 1:29 PM

Sales of medium and heavy commercial vehicles grew by 10.32 per cent to 9,026 units as against 8,182 in the year-ago month.

Ashok Leyland sales up 14 per cent at 11,981 units in July

Light commercial vehicle sales rose 27.92 per cent to 2,955 units compared to 2,310 in July last year.

01 Aug 2017 12:45 PM

Flipkart on Tuesday said it has completed the merger with eBay India's operations.

E-Bay merges with Flipkart after Snapdeal snaps out of merger talks

In exchange of an equity stake in Flipkart, eBay invested USD 500 million and sold its eBay.in business to Flipkart.

01 Aug 2017 10:40 AM

SBI slashes interest rates on savings

As per a SBI official, about 90% of the savings account holders falls under the less than Rs 1 crore bracket.

01 Aug 2017 12:59 AM

The official also revealed that the owners have reversed the merger which was to take place between Snapdeal and Flipkart.

Snapdeal to fire 80 per cent staff

Drops merger with Flipkart, to use money from Freecharge sale.

01 Aug 2017 12:52 AM

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Farrukh Dhondy