Bajaj Electricals today reported a 11.94 per cent increase in net profit to Rs 22.87 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 20.43 crore in the same period last fiscal, Bajaj Electricals said in a BSE filing.

State Bank of India (SBI), the nation's top lender by assets, reported a 32% drop in first-quarter on Friday which was in line with estimates. The bank's bad loans rose slightly.

SBI shares rose more than 8.5% at 1320 hours after the results on the lower-than-expected rise in bad loans.

Patanjali Ayurved Ltd, founded by yoga guru Baba Ramdev, has successfully bid for setting up a modern food park at Mihan here.

Maharashtra Airport Development Company (MADC) earlier floated two global tenders (in May and July 2016), but failed to get any bidder.

Senior Bharatiya Janata Party (BJP) leader Brijpal Teotia and five others were seriously injured when they were attacked by armed assailants here on Thursday.

According to NDTV, the assailants fired at least 100 rounds using AK-47 assault rifles during the attack on Teotia.

Threatened with disqualification for not wearing vests bearing their country's name, Indian boxers at the ongoing Olympics have got their kits replaced as required by the International Boxing Association (AIBA) and will now compete without any hindrance.

The AIBA officials had pointed out the "technical flaw" after Manoj Kumar's victory in his light welterweight (64kg) opening contest against Lithuania's Evaldas Petrauskas on Wednesday night.

Leading stock exchange BSE today said it has got approval from the Corporate Affairs Ministry to establish BSE International Exchange and BSE International Clearing Corporation at Gujarat International Finance Tec-city (GIFT).

The exchange had signed an MoU with GIFT SEZ Ltd in January 2015 to set up the two entities at the GIFT city -- India's first International Financial Services Centre (IFSC).

Axis Bank and payments company Suvidhaa Infoserv, today launched 'Nano Credit' to offer pre-approved, instant and unsecured loans for the urban low income segment. The maximum loan amount is Rs 15,000 and is available to existing customers of Suvidhaa at 22,000 locations across the country.

A customer who utilises Suvidhaa's remittance or bill payment facilities can avail himself of loans up to Rs 15,000 with no paperwork within a few hours.

Country's largest carmaker Maruti Suzuki India (MSI) plans to bring more products with hybrid technology over the next few years as concern for safeguarding environment increases in India.

The auto major, which is facing capacity constraint, is also expediting the process to operationalise its upcoming Gujarat plant by early next year and start selling vehicles produced from the plant within this fiscal.

MUMBAI: Continuing its downward trend, the benchmark BSE Sensex fell almost 74 points in early trade on Thursday as investors engaged in profit-booking in recent gainers amid weak Asian cues.

Market sentiment was also influenced by investors treading cautiously ahead of June IIP and retail inflation data for July to be released on Friday.

The government has assured Air India of financial and other assistance urging the carrier to meet the targets spelt out in the new turnaround plan. The state-owned airline must improve on time performance (OTP), passenger load factor (PLF), capacity growth and monetise assets.

Air India chairman and managing director Aswani Lohani is understood to have asked the government to waive the guarantee fee charged to secure the airline’s loans and bonds.

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.