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Last updated: 23 Feb, 2017  
 Industry News


'Amazon top site in India, will keep investing in tech and infra'
SME Times News Bureau | 29 Apr, 2017
Banking on the e-commerce proliferation in India, Amazon founder and CEO Jeff Bezos assured people that the company will keep investing in technology and infrastructure in the country.
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Kotak Mahindra to buy out Old Mutual stake in Kotak Life
SME Times News Bureau | 29 Apr, 2017
Kotak Mahindra Bank on Friday said it has entered into an agreement to purchase the entire 26 per cent equity held by Old Mutual plc, UK, in Kotak Mahindra Old Mutual Life Insurance Ltd (Kotak Life) for Rs 1,292.7 crore.
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'UDAN scheme to create 100 airports over the next 2-3 years'
SME Times News Bureau | 29 Apr, 2017
Union Minister Jayant Sinha on Friday said that central government's regional air connectivity scheme -- UDAN -- which was launched on April 27 is slated to create additional 100 airports over the next 2-3 years.
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IDFC's Q4 net profit up 4 percent
SME Times News Bureau | 29 Apr, 2017
IDFC on Friday reported a rise of 3.84 per cent in its consolidated net profit for the fourth quarter of 2016-17.
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Ujjivan Small Finance Bank aims Rs 2,500 cr deposits in 2017-18
SME Times News Bureau | 29 Apr, 2017
Ujjivan Small Finance Bank (SFB), the wholly-owned subsidiary of Ujjivan Financial Services Ltd, on Friday said it is targeting a deposit base of Rs 2,500 crore in 2017-18.
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Biocon net declines 62 percent in Q4
SME Times News Bureau | 28 Apr, 2017
Biotechnology major Biocon Ltd has posted Rs 127 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17 as against Rs 333 crore in the same period year ago, registering a whopping decline of 62 percent year-on-year (YoY).
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Kotak Mahindra Bank's stand-alone Q4 net profit up 40 pc
SME Times News Bureau | 28 Apr, 2017
Kotak Mahindra Bank on Thursday reported a rise of 40 percent in its stand-alone net profit for the fourth quarter (Q4) of fiscal 2016-17.
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Review petition filed with SC over BS III vehicles' order
SME Times News Bureau | 28 Apr, 2017
The Society of Indian Automobile Manufacturers (SIAM) on Thursday said that it has approached the Supreme Court to plead for a review of its judgement issued over the BS III vehicles.
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BMW to be Aditya Birla Group's choice of mobility
SME Times News Bureau | 28 Apr, 2017
BMW Group on Thursday said that it has entered into an international alliance with the Aditya Birla Group to be its preferred premium mobility supplier.
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HIL net up 37.5 percent in 2016-17
SME Times News Bureau | 28 Apr, 2017
HIL Ltd of C.K. Birla group has posted Rs 54.6 crore net profit for fiscal 2016-17, registering 37.5 percent annual growth from Rs.39.7 crore year ago.
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  Customs Exchange Rates
Currency Import Export
US Dollar
65.55
63.85
UK Pound
84.25
81.45
Euro
70.65
68.20
Japanese Yen 60.45 58.40
As on 30 Apr, 2017
  Daily Poll
Is Rupee appreciation a cause of concern for Indian exports?
 Yes
 No
 Can't say
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