Page 415 - Bs Reporter

Depression near Chennai coast may intensify into cyclone: IMD

Rains lashed across northern coast of Tamil Nadu on Monday

A Cyber espionage group that specifically targets Indian entities

Key targets include well-known financial institution, a large e-commerce firm, a top-five IT firm, two govt organisations

Tim Cook likely to open Apple's Hyderabad tech centre on Thursday

The visit was kept under complete wraps, so much so that the company management had informed Telangana govt that only a team from Apple was coming to launch the facility

Bhendi Bazaar redevelopment kicks off

Entire project aims to replace about 250 dilapidated buildings with 17 new towers, wide roads and modern infrastructure

Smartphone shipments dip 8.2% in Jan-Mar

However, shipments up 5.2% on y-o-y basis, as per IDC data; despite slow start, market to gain momentum going forward

Gender pay gap in India at 27%: Monster Salary Index

Men earned a median gross hourly salary of Rs 288.68 per hour while females earned just Rs 207.85; manufacturing found to be the most unequal sector

United Bank of India posts a net loss of Rs 413 cr

Higher NPAs, provisioning pull bank into red; a year ago, it had posed a profit of Rs 105.52 crore

Symphony Q3 net up 27% at Rs 46.52 crore

The net sales during during the quarter stood at Rs 137.15 crore, up 10%

Assocham urges government to repay loans on behalf of distressed farmers

Assocham president Sunil Kanoria said the government should commit maximum resources to the rural sector

PurpleHealth raises $100,000 from Katabole Technology Venture

The company, founded in 2014, is a 360-degree health and wellness platform

Invetech Launches Mobile App for Power Trading

Power trading has become a major activity after enactment of Electricity Act 2003

Motherson's Q4 net up 22%, stock jumps 8%

Net sales touch a record Rs 10,068 cr, up 8% from year-ago quarter

Navneet Promoters make strategic investment in SchoolWear.in

Firm plans to launch a range of school supplies such as uniforms and allied products, and facilitate fee payments across 500 schools

Gujarat's Havmor Ice Cream enters Delhi, North India

The company plans to invest Rs 100 crore over the next 36 months to augment its market presence as well as set up a 100,000 litres per day manufacturing plant at Faridabad

Bharat Forge Q4 standalone profit slips 19% y-o-y

Revenue for the quarter at Rs 1,030.5 crore degrew by 17% from Rs 1,243.9 crore in the corresponding quarter last fiscal

Hyderabad residential mkt prices set to rise 4% in 2016: JLL India

Strong demand for office space rubs off on demand for homes, Anuj Puri, chairman and country head, JLL India, says in report

Aurobindo receives approval for pain relief drug

The product has an estimated market size of $50 mn for 12 months to March 2016, according to IMS Health data

HSBC raises year-end Sensex target to 26,000

India's underperformance to MSCI Asia-ex Japan to end says the brokerage

Telangana steps up efforts to improve ease of doing business

The state fared poorly in the World Bank's country-level rankings announced last year

JK Tyre Q4 net up 9%

Company posted a record profit in a single year during the fiscal year ended March 31, 2016