Coal India reported 14.78 per cent decline in consolidated net profit at Rs 3065.28 crore for the quarter ended June 30, 2016 against Rs 3596.93 crore in the same quarter last year. Consolidated total income from operations of the company also slipped by 5.62 per cent to Rs 18,421.87 crore for the quarter under review against Rs 19,518.08 crore in the same quarter last year.

The Central Board of Direct Taxes (CBDT) said assessees taking advantage of the Direct Tax Dispute Resolution Scheme, 2016, will be required to pay the taxes within the stipulated period to avail the relief under the scheme.

"The tax payable under the scheme should be paid to the credit of the government on or before the due date as specified in the scheme. The assessees are advised to pay the tax well on time so as to avail the relief under the scheme," Central Board of Direct Taxes (CBDT) said in an FAQ.

Hyundai Motor India on Tuesday launched an automatic variant of its premium hatchback Elite i20 priced at Rs 9.01 lakh (ex-showroom Delhi).

The new variant comes with 1.4 litre petrol engine with four speed automatic transmission besides additional safety features like six airbags, speed sensing auto door lock and height adjustable front seat belts.

Dr Reddy's Laboratories Limited has been listed as an index component of the Dow Jones Sustainability Indices (DJSI) 2016 in the Pharmaceuticals, Biotechnology and Life Sciences Industry Group.

The company was recognised for its corporate sustainability leadership and is the only pharmaceutical company in the Index of Emerging Markets.

New York: India’s top women bankers, State Bank of India chief Arundhati Bhattacharya, ICICI Bank head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based outside the US, according to a list by Fortune which is topped by Banco Santander’s boss Ana Botín.

Bhattacharya, 60, is ranked second on the list, while Kochhar comes in on the fifth spot and Sharma on the 19th position in the Fortune’s ‘50 Most Powerful Women International’ list, which has ranked the women based outside the US.

In the past five years, ITC's assets have grown 72 per cent to Rs 24,000 crore in tandem with its growth plans.

ITC's gross block of assets as of March 2016 stood at Rs 24,338 crore compared to Rs 14,099 crore as of March 2011; net fixed assets have grown from Rs 9,678 crore to Rs 16,700 crore.

Air India Express (AIE), the no-frills brand of Air India, is exploring a foray into the domestic market.

AIE presently serves migrant labour and business traffic between India and West Asia. Its main bases are in Kerala and it is preparing for expansion. That could include flights on domestic routes. While the immediate focus is on growing its business in established markets, it is hiring a consultant to prepare a network plan and evaluate all potential routes, domestic and international, which could be served profitably.

Homegrown auto major Mahindra & Mahindra on Monday launched a new Bolero with mHawk D70 engine priced at Rs 6.59 lakh (ex-showroom Mumbai) for the SLE BS4 variant.

Christened as 'New Bolero Power+', its engine delivers 13 per cent more power and 5 per cent more mileage over the existing Bolero, M&M said in a BSE filing.

MUMBAI: Set to dilute 12 per cent stake in ICICI Prudential Life Insurance through an IPO, country's biggest private sector lender ICICI Bank has said it will offload another 6 per cent in the insurance arm over the next three years.

ICICI Prudential Life Insurance, the country's first insurer to launch a public offer, has fixed IPO price band at Rs 300-334 per equity share to raise around Rs 6,000 crore.

HP is buying Samsung’s printer business for $1.05 billion in a move aimed at “disrupting” the dusty and stale printing industry.

The deal will see Samsung’s Printing Business Unit spun out independently, with HP picking up full 100 percent ownership in the business. The companies estimate it will take one year to close, pending the usual regulatory scrutiny, and, upon doing so, Samsung will make a reciprocal investment of between $100 million and $300 million into HP’s business.

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