Consolidated net profit of Tata Motors, India’s biggest automobile company, dipped by a whopping 56 per cent in the final quarter of last financial year as China, Jaguar Land Rover’s biggest market, slowed down considerably.

The Mumbai-based company posted Rs 1,717-crore net profit for the quarter ended March, against Rs 3,918 crore in the corresponding quarter last year. Bloomberg had estimated Tata Motors to report a net profit of Rs 4,092 crore for the quarter.

Bharat Heavy Electricals (BHEL), the country’s largest power equipment manufacturer, has posted a 52 per cent drop in net profit during the fourth quarter ended March on slowdown in project execution. The company reported net profit of Rs 888.35 crore during the quarter against Rs 1,844 crore in the corresponding quarter in the previous financial year.

The major decline in profit came despite a 10.2 per cent cut in expenses to Rs 11,286 crore during the quarter. The company managed to pull down employee benefit expense by 31 per cent to Rs 915 crore from 1,320 crore in the corresponding quarter in the previous financial year.

Mahindra & Mahindra has launched the XUV500 after a facelift. Christened as the New Age XUV500, the car has been launched at the starting price of Rs 11.21 lakh (ex-showroom, Delhi).

The SUV was initially launched in the year 2011 and did wonders for the company’s sales chart, however for long, Mahindra XUV500 was expected to go under the scalpel for a much-needed refurbished look. Prior to this, company initiated a teaser on its website a day ahead of its launch displaying a tracker with the time remaining for its launch.

NEW DELHI: Search engine giant Google today said it aims to bring 20 million small and medium businesses in India online by 2017 through its mobile app, Google My Business (GMB).

The GMB app will help small and medium businesses (SMBs) create and manage their business information online across Google in English and Hindi for free, without having to invest in a website or a domain.

Japanese phone maker Sony on Tuesday launched the Xperia M4 Aqua with unique waterproof and dust-resistant features.

The M4 Aqua could be an enticing option for buyers looking for a good camera phone with a long battery life.

State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today reported 52% fall in standalone net profit at Rs 888.35 crore for the quarter ended March 31, 2015.

The state-owned firm had posted a net profit of Rs 1,844.59 crore in the year-ago period, it said in a BSE filing.

Benchmark indices have extended losses and are trading near day’s lower dragged by index heavyweight shares like Tata Motors, ITC and HDFC.

By 14:05, the Sensex was lower by 156 points at 27,489 and the Nifty slipped by 45 points at 8,325.

NEW DELHI: The Tata Group has virtually ruled out re-acquiring Air India when the government decides to divest in it.

"That was 14 years ago (when Tatas were keen on buying back AI.) Not now," Tata Sons-Singapore Airlines (SIA) JV Vistara chairman Prasad Menon told TOI.

Snapdeal, one of the largest e-commerce players in India, has snapped up MartMobi for an undisclosed amount. Based in Hyderabad, Martmobi helped vendors build mobile apps and sites. Snapdeal said the acquisition will help improve its mobile experience for sellers and customers on its marketplace.

India is Asia’s fastest-growing smartphone market, according to IDC, and mobile is the first point of access for many Internet users. For e-commerce platforms, this means it is essential to make mobile apps and sites that are not only easy to browse and purchase from, but also navigable for vendors managing large amounts of inventory and transactions.

Bengaluru: The Wipro Group, which comprises listed software services company Wipro Ltd and two privately held companies, has inducted Rishad Premji, son of billionaire chairman Azim Premji, to its highest decision-making body, the group executive council (GEC).

Rishad Premji, 38, was earlier this month brought on board the GEC, which shapes strategic priorities for both the information technology (IT) and non-IT business of Bengaluru-based Wipro, said a person familiar with the development.

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