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Career Point PAT halves, revenue also down 4% in Q1

Consumer

13 August, 2013

Career Point PAT halves, revenue also down 4% in Q1

Tutoring services firm Career Point Ltd reported a sharp decline in net profit even as it had improved operating margins ......

Avendus Private Equity picks up stake in Helix-backed MT Educare

Consumer

13 August, 2013

Avendus Private Equity picks up stake in Helix-backed MT Educare

The private equity arm of Avendus Capital has picked up 1.21 per cent stake in K-12 tutoring and test preparation ......

News Roundup: GVK Power in talks for stake sale in airport business

Others

13 August, 2013

News Roundup: GVK Power in talks for stake sale in airport business

GVK Power & Infrastructure Ltd is in parleys to divest stake in its airport vertical and expects to close a ......

Indian Hotels cuts losses, clocks 6.6% revenue growth in Q1

Consumer

12 August, 2013

Indian Hotels cuts losses, clocks 6.6% revenue growth in Q1

Indian Hotels Company Ltd (IHCL), the country’s largest hotel operator that runs several hospitality brands such as Taj Hotels and ......

Sun Pharma posts strong operating results in Q1, settles $550M US patent case

Healthcare

12 August, 2013

Sun Pharma posts strong operating results in Q1, settles $550M US patent case

Sun Pharmaceuticals Ltd, the country’s largest drug-maker by market capitalisation, posted strong revenue and earnings growth for the first quarter ......

Marico's net up 27% with margin expansion, volumes drive revenue growth of 9%

Consumer

12 August, 2013

Marico's net up 27% with margin expansion, volumes drive revenue growth of 9%

Consumer products and services company Marico Ltd reported strong profit growth in the first quarter, led by better operating margins ......

SEBI adds clause for alternative investment funds looking to switch categories

General

12 August, 2013

SEBI adds clause for alternative investment funds looking to switch categories

Market regulator Securities & Exchange Board of India (SEBI) has amended its norms for alternative investment funds (AIFs) looking to ......

News Roundup: RCom to merge DTH arm with Sun Direct, to exit in proposed IPO of merged entity

Others

12 August, 2013

News Roundup: RCom to merge DTH arm with Sun Direct, to exit in proposed IPO of merged entity

Reliance Digital TV, the fully-owned subsidiary of Reliance Communications that runs its direct-to-home (DTH) operations, would merge with Sun Direct ......

Key highlights from the new Companies Bill

Others

08 August, 2013

Key highlights from the new Companies Bill

The upper house of the Parliament passed the Companies Bill on Thursday after much delay. The bill replaces Companies Act, ......

Aavishkaar makes final close of second venture fund at $94M

General

08 August, 2013

Aavishkaar makes final close of second venture fund at $94M

Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas and bottom-of-the-pyramid (BoP) space, has made the final ......