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Vedanta Q3 net declines 99% to Rs 18 crore

Vedanta reported 99% decline in its consolidated net profit in Q3FY16 compared to a year ago to Rs 17.91 crore, slightly above analysts? estimates, due to subdued oil and metal prices as market conditions continued to remain challenging.Revenue declined 22.6%…

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Infosys parks $4 million in US-based Waterline Data Science

InfosysBSE 1.99 % has parked $4 million in US-based data science startup Waterline Data Science, marking its seventh early-stage investment over the past 12 months, as India’s second largest software exporter starts to display increasing aggression towards making bets in…

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Fed keeps rates unchanged, wary eye on global markets

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, signaling it had accounted for a stock market selloff but wasn’t ready to abandon a plan to tighten monetary…

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Gold bonds pick up pace but it?s a long race ahead

After a dull start in November, the government?s sovereign gold bonds scheme seems to have found some favour with investors in the second phase of its roll-out this month, attracting subscription for 2,790 kg worth Rs 726 crore, according to…

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Gold bonds pick up pace but it?s a long race ahead

After a dull start in November, the government?s sovereign gold bonds scheme seems to have found some favour with investors in the second phase of its roll-out this month, attracting subscription for 2,790 kg worth Rs 726 crore, according to…

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Gold bonds pick up pace but it?s a long race ahead

After a dull start in November, the government?s sovereign gold bonds scheme seems to have found some favour with investors in the second phase of its roll-out this month, attracting subscription for 2,790 kg worth Rs 726 crore, according to…

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To boost liquidity, China pumps in $52 billion

China?s central bank said today it was funnelling 340 billion yuan ($52 billion) into the financial system, the second injection in three days to meet the surging demand for funds ahead of the Lunar New Year holiday.On Tuesday, the People?s…

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Maruti Q3 net up 27% at Rs 1,019 cr

Riding on a 15 per cent growth in sales volume, Maruti Suzuki, the country?s largest carmaker has reported a 27 per cent year-on-year (y-o-y) jump in net profit for the quarter ended December 2015 (Q3 FY16). Profit for the quarter…

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