Tata Motors Q1 net profit falls 57% at Rs 2,260 cr

The company said higher volumes in both standalone as well as Jaguar Land Rover business more than offset by the adverse forex impact of Rs 2,296 crore and adverse commodity derivatives impact of Rs 167 crore in the operating profit mainly in the JLR business.

Waiting For a Crisis?

A recent report by ratings agency ICRA Ltd says banks' share in consumer credit shrunk from 66 per cent to 55 per cent in the past six years. NBFCs increased their share from 14 per cent to 19 per cent during the same period.

Indian Railways to rake in Rs 11k crore with ad-wrapped trains

The vibrant blue color of other trains will be replaced by ad-wrappings, which the ministry of railway has planned in a bid to mop up revenue for the cash-strapped transporter.

WhatsApp is going to share your phone number with Facebook

The move is a subtle but significant shift for WhatsApp, used by more than 1 billion people around the world. When it was acquired by Facebook for an eye-popping $21.8 billion two years ago.

Indian economy to grow 7.9% this fiscal: Goldman Sachs

The global financial services major said the GDP is expected to improve gradually and for the April-June quarter it may slow a tad to 7.8 per cent, in part due to unfavourable base.

Sat Aug 27 10:01:07 IST 2016
 

From The Magazine

Psusaurus

Last year, the government provided budgetary and extra budgetary support of Rs 92,000 crore to its companies and only got back Rs 56,000 crore as dividends. Here's why it shouldn't keep throwing more money into this bottomless pit.

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Union Budget 2016-17