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Govt sources say cess is a better option than high tax rate

The other option could have been to raise direct taxes, which did not find favour with the Centre

AP govt to issue fresh notification for selection of Amaravati developer

The consortium was formed by Ascendas-Singbridge Pte Limited and Sembcorp Development Limited

Torrent Pharma Q2 net down 59%

Revenues from the US market fell from Rs 712 crore in Q2 FY16 to Rs 322 crore in Q2 FY17

IPO update: PNB Housing half covered, Varun Beverages a third

PNB Housing' Rs 3,000-crore IPO closes on Thursday, while the Rs 1,100-crore issue of Varun Beverages will remain open till Friday

HUL net profit at Rs 1,095 cr, up 12% y-o-y

Net sales increased 1.5% year on-year, touching Rs 8,335.12 crore for the quarter under review

Pressure on US generics market drags Cadila Healthcare Q2 net

Cadila Healthcare Q2 standalone Net dips 82%; consolidated net down 29%

MCX to appoint new chairman; net up 23% in Q2

The Exchange's market share in commodity derivative space has increased to 89.49% as against 84.13% in Q2 FY2016

PFI ups stake in DHFL Pramerica insurance to 49%

Stake has been increased to the maximum limit allowed under FDI regulations

IDFC Bank Q2 net profit up 46% at Rs 388 crore

Net interest income stood at Rs 509.9 crore, slightly down from Rs 515.2 crore in first quarter of FY17

Jyothy Laboratories' Q2 net profit up 61%

Net sales of jumped by a marginal 6.64% to Rs 433.49 crore as against Rs 406.50 crore in same quarter

Pioneer Embroideries to invest Rs 30-crore on capacity expansion

The company's share price closed on Tuesday at Rs 70.60 apiece, a decline of 2 per cent from the previous day

PNB Housing Finance IPO subscribed 0.2 times on Day 1

The issue saw a positive response from the institutional investors on day one as the portion was subscribed 0.35 times

L&T Infotech announces the acquisition of Pune-based start-up AugmentIQ

It will gain access to MAXIQ which is currently servicing one of the world's largest credit bureaus, large banks

Public cloud most favoured by technologists in India: Microsoft

Technologists named IoT, data analytics and CRM among the most favored services to be hosted on public cloud

Adani Ports' standalone net profit dips by 13.48% in Q2FY17

The company's net income for the same period has declined by 16.52 per cent to Rs 1,301.87 crore as against Rs 1,559.67 crore

Zydus Wellness Q2 Net up 10.2% to Rs 32 crore

Gross margins increased by 140 basis points and reached 66.8 per cent

Alembic Q2 net dips 58%to Rs 119 crore

The company's net sales also dipped by 13.5 per cent to Rs 879 crore for the quarter under review

Hexaware Q3 net profit growth flat

For the quarter, the company reported US dollar revenue at $135.9 million up 4.8 per cent on QoQ basis

Arvind Ltd posts 20% jump in net profit at Rs 78 crore before exceptional items

Consolidated EBIDTA was up by 2% at Rs 232 cr for Q2, FY 2016-17 as against Rs 228 crore in the comparable quarter previous year

Symphony Ltd reports 36.58% rise in standalone profit in Q2FY17

Board of directors of Symphony declared second interim dividend by 50 per cent to Rs 1 per equity share of Rs 2