Kolkata: Rating agency ICRA Ltd on Friday announced a 21.64 percent rise in its net profit to Rs.27.49 crore for the quarter ended March 31, 2013 from Rs.22.60 crore for the same period a year ago.

The firm's total income for the fourth quarter last fiscal stood at Rs.56.41 crore compared to Rs.52.96 crore for the same period previous fiscal, reflecting growth of seven percent, it said in a release here.

"The growth in operating revenue was mainly led by debt ratings, besides NSIC (National Small Industries Corporation)/SME (Small and Medium Enterprise) business ratings, even as bank...

Mumbai: Jet Airways on Friday said that its shareholders have approved the company's plans to offload 24 percent stake to Abu Dhabi-based Etihad Airways for around $379 million (Rs.2,058 crore).

According to the company, the deal was ratified at an extraordinary meeting of Jet's shareholders held here. However, the adoption of a new set of rules relating to 'articles of association' was...

Mumbai: YES BANK, India’s fourth largest private sector Bank, has entered into a strategic agreement with The International Finance Corporation (IFC), a member of the World Bank Group, for participating in its flagship Global Trade Finance Program (GTFP).

Through this programme, YES BANK will be extended credit guarantees by IFC to cover its payment risks under trade instruments issued by...

New Delhi: The smartphone maker, BlackBerry which will launch the BlackBerry Messenger service for the Android and iOs users this summer, has decided to follow steps of Apple, Samsung and Nokia as BB will start selling BlackBerry Z10 and BlackBerry Curve 9220 on EMI in India, beginning this weekend. This scheme will mostly target the youth.

For easy payments, BlackBerry has tied up with a...

Mumbai: The Bombay Stock Exchange (BSE) benchmark index for the Indian equities markets on Friday was trading up in the morning session.

The 30-scrip sensitive index (Sensex) of the BSE which opened at 19,765.32 points was trading at 19,689.80 points, up by 15.47 points or 0.08 percent from previous closure at 9:33 am.

The 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was...

Mumbai: A benchmark index of the Indian equities markets closed Thursday's trade nearly two percent down on reports that the US may reverse its monetary stimulus programme that spooked markets across the world.

Finance Minister P. Chidambaram's statement that US Federal Reserve chairman Ben Bernanke's comments had been "misunderstood or misinterpreted" and that "he (Bernanke) has clearly...

New Delhi: State-run gas distributors Indraprastha Gas Ltd (IGL) Thursday reported an over 4 percent rise in net profits year-on-year for its fourth quarter ended March 31.

The Company has posted a net profit of Rs.83.52 crore for the quarter in question, as compared to Rs.79.99 crore for the quarter ended March 31, 2012.

It recorded a net profit of Rs.354.1 crore for the year ended March...

New Delhi: The Securities and Exchange Board of India (SEBI) celebrates its silver jubilee on Friday amid calls that the capital market regulator needs to follow global standards and improve market intelligence, technology and talent pool to beef up the enforcement processes, protect investors and allow the launch of more investment products.

Prime Minister Manmohan Singh and Finance Minister...

Mumbai: The number of viewers turning up to watch a film in the multiplexes has been reducing day by day, thus affecting the box-office collection of the various films in the first half of the year (2013), accounting for a loss of over Rs 170 crore. So, the multiplex owners have decided to reduce the price of the tickets.

Keeping in mind the falling collection, BIG Cinemas has cut down the...

Seoul: The South Korean multi-national company, Samsung launched the fourth version of Galaxy S series, S4 in the month of March and now the company openly declares it to be the fastest selling smartphone in the global market because of the sales touching the 10 million mark.

On Thursday, May 23, Samsung said that S4 will give give direct competition to its rival Apple. Also, the smartphone...