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Colgate-Palmolive Q3 profit up 22% at Rs 159 cr

FMCG major Colgate-Palmolive India today posted 21.81% increase in net profit at Rs 159.41 crore for the third quarter ended December 31, 2015-16.The company had reported net profit of Rs 130.86 crore for the October-December period of the last fiscal.Its…

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RBI rejects 91-day treasury bids

The Reserve Bank of India (RBI) on Wednesday chose not to buy anything from the Rs 9,000 crore scheduled to be raised through 91-day treasury bills, as a cash surplus government did not want to offer higher interest rate for…

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India business confidence picks up in January

Business sentiment in India rose for the first time in three months to the highest since October 2015, as domestic orders strengthened at the start of the year, showed a survey by MNI Indicators. But, only 17 per cent of…

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India betters ranking in graft index

India has moved up nine spots on the Corruption Perceptions Index in 2015 to 76, from 85 in 2014, according to a new report by Transparency International. But, the jump in rankings should not be construed as an improvement, as…

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Bharti Infratel net profit up 12% at Rs 565 crore

Telecom tower company Bharti Infratel today reported 12 per cent jump in net profit to Rs 565 crore for the quarter ended December 31 on “aggressive” rollout of 3G and 4G networks by mobile operators.It had, in comparison, reported net…

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India's energy demand to double in next 25 years

India’s energy demand is likely to almost double in next 25 years as the economy is estimated to expand to $9 trillion by 2040, US oil major ExxonMobil said in its Energy Outlook 2040.”Through 2040, we see China, India and…

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Oil sector contracts to have 10% domestic purchase clause

To promote local manufacturing under the Make in India drive, the government on Wednesday announced a 10 per cent purchase preference for local content in all petroleum sector contracts. The tweak in the existing tender guidelines would aid increasing the…

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