Weighed down by a steep decline in global crude oil prices, which hurt the profitability of its core refining business, Reliance Industries Ltd (RIL) on Friday reported a 4.5 per cent drop in its consolidated net profit for the quarter ended December 2014.

In line with market expectations, net profit for the quarter was Rs 5,256 crore, compared with Rs 5,502 crore in the year-ago period. The company’s standalone net profit stood at Rs 5,085 crore, down 7.72 per cent and the first such drop in the past nine quarters.

NEW DELHI: The Supreme Court on Friday allowed Mukesh Ambani's RIL six weeks' time to respond to the CAG report on gas pricing from the KG basin.

The SC also allowed petitioners, including CPI leader Gurudas Dasgupta, to file response on government's new guidelines on gas pricing.

Facebook has tied up with Alibaba-owned Chinese mobile browser – UCWeb, to grow its active user base in India by allowing people to stay connected to the social network even if they don’t download its app on their smartphones. Once users turn-on the feature, they will get notifications from Facebook through UC Browser even when it is closed. This move will help the users to get the Facebook’s notifications directly in UC Browser.

As per TechCrunch report, UCBrowser currently holds 41.23 percent market share of the Indian market, so signing up with UCWeb can also help Facebook to attract more people in India.

Anupam Shrivastava has been appointed the chairman and managing director (CMD) of state-run BSNL from January 15, a company statement said here Friday.

Mr. Shrivastava has been appointed CMD of BSNL for a period of five years or till the time of superannuation at the age of 60 years, it said.

Private sector lender Axis Bank reported 18.4 per cent rise in its net profit to Rs. 1,899.76 crore for the third quarter ended December FY15.

The third largest private sector bank’s net profit in the corresponding October-December quarter of FY14 stood at Rs. 1,604.11 crore.

Chinese tech giant Lenovo today unveiled the country’s most affordable 4G LTE smartphone, priced at Rs 6,999 as it looks to cash in on the booming demand for high-speed data services.

Lenovo’s A6000 was unveiled at the CES in Las Vegas last week. The device has been aggressively priced to compete with Xiaomi’s Redmi Note 4G (Rs 9,999) and Yu’s maiden device — Yureka (Rs 8,999).

The challenge facing the Bharatiya Janata Party (BJP) in Delhi – bigger than winning the hearts of the city’s sizeable Dalit population or negating Arvind Kejriwal’s ‘disclosure a day’ against its leaders – is to get its middle class support base to the polling booths on the day of voting on February 7.

The Securities and Exchange Board of India (Sebi) on Thursday notified the Prohibition of Insider Trading (PIT) Regulations, 2015to replace a two-decade framework.

In addition to broadening the definitions of unpublished price-sensitive information (USPI), insider and connected persons, the legal perspective suggests graver consequences for company officials involved in selective exchange of information.

State-owned Bharat Heavy Electricals Limited (BHEL) has bagged a contract from the Karnataka Power Corporation Limited (KPCL) for setting up a Combined Cycle Power Plant (CCPP), valued at Rs 1,202 crore on engineering, procurement and construction (EPC) basis. The contract involves supply and commissioning of a fuel-efficient Advanced-class Gas Turbine.

Private sector lender YES Bank plans to seek approval from regulators for entering into the asset management and primary dealership business.

“With a view to complete the overall bouquet of financial products to its customer franchise, the bank plans to set up an asset management company (AMC), primarily to channelise the savings of retail investors in equity and debt capital markets.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.