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Author Archives: chundawat

Australian Open: Federer, Wozniacki in 3rd Round

Kyle Edmund will tumble out of the world’s top 20 after his comprehensive Australian Open defeat at the hands of Tomas Berdych in the first round. The British No 1, who reached the semi-finals last year, lost in straight sets 6-3, 6-0, 7-5. Roger Federer weathered a stern test from ... Read More »

Need to change crop pattern: Nitin Gadkari

Union Minister for Water Resources and River Development Nitin Gadkari today inaugurated the 9th International Micro Irrigation conference at Aurangabad in Maharashtra. 740 delegates including 100 foreign delegates from 56 countries and as many 100 agricultural scientists are attending the conference. Addressing the gathering, the Union Minister said that micro ... Read More »

Karnataka: Political situation still uncertain ​

Fate of Kumaraswamy government in Karnataka’s JDS-Congress government continues to hang in balance with reports of more Congress MLAs going incommunicado. According to media reports emerging from Bengaluru, around 11 legislators have gone missing and Congress leadership is unable to contact them. There are unconfirmed reports that these legislators could ... Read More »

UK Parliament rejects Brexit deal

  British Prime Minister Theresa May suffered a crushing defeat in Parliament over Brexit deal. May’s bid to get the Withdrawal Agreement, struck between Britain and European Union, passed by House of Commons was defeated by a margin of 202 to 432 – a majority of 230 votes. This is ... Read More »

Syndicate Bank creates separate vertical to recover NPAs

Syndicate Bank has created a separate vertical comprising around 1,200 of its existing staffers to recover its non-performing assets (NPAs) amounting to around Rs 27,000 crore. The ‘Stressed Asset Management (SAM)’ vertical would comprise legal as well as credit experts who would help branch managers to device plans to recover ... Read More »

Majestic Auto turns black in Q3

Majestic Auto has reported results for third quarter ended December 31, 2018. The company has reported a net profit of Rs 17.79 crore for the quarter under review against net loss of Rs 3.93 crore for the same quarter in the previous year. Total income of the company reported 17-fold ... Read More »

SpiceJet flags-off daily direct flight on Kolkata-Lilabari route

SpiceJet has launched a daily direct flight on the Kolkata-Lilabari route, under the regional connectivity scheme, ‘Ude Desh ka Aam Nagrik’ (UDAN). The passengers from Lilabari can now travel to a host of other domestic and foreign cities via multiple onward connections from Kolkata. The flight SG-3345 will leave Kolkata ... Read More »

LIC cuts stake in Colgate Palmolive

Life Insurance Corporation (LIC) has cut its stake in Colgate Palmolive (India) by over 2% by selling 55.18 lakh shares in the open market. LIC had 7.03% stake in Colgate-Palmolive earlier, which came down to 5% after selling shares between November 1, 2017, and January 14, 2019. Colgate Palmolive (India) ... Read More »

Jay Bharat Maruti reports 20% fall in Q3 net profit

Jay Bharat Maruti has reported results for third quarter ended December 31, 2018. The company has reported a fall of 19.91% in its net profit at Rs 11.22 crore for the quarter under review as compared to Rs 14.01 crore for the same quarter in the previous year. However, total ... Read More »