Mukesh Ambani (File/IANS)

7 Indian firms in Fortune 500 list, IOC tops, RIL up 55 ranks

Mumbai :  Seven Indian companies feature in the US magazine Fortune 500 list of the world’s largest firms, with state-run Indian Oil Corp (IOC) remaining the top-ranked Indian company in the 2018 rankings and Reliance Industries Ltd (RIL) improving its position substantially. American retail giant Walmart tops the latest Fortune listing while Indian Oil jumped to […]

Tata Motors posts Rs 1,863 cr Q1 loss

Mumbai : Auto major Tata Motors on Tuesday reported a consolidated net loss of Rs 1,863 crore for the quarter ended June 30 on account of losses at its luxury car unit Jaguar Land Rover (JLR). The automobile major had earned a profit of Rs 3,200 crore in the year-ago quarter. According to the quarterly […]

US President Donald Trump (File Photo)

US economic growth hits fastest rate since 2014, Trump rejoices

Washington :  The US economy grew at a 4.1 per cent rate, the strongest pace in nearly four years during the second quarter, powered by a rebound in consumer spending, exports and firm business investment, the Commerce Department said on Friday. US President Donald Trump cheered the numbers, holding an impromptu press conference outside the […]

ICICI Bank’s Q1 standalone net loss at Rs 120 cr

Mumbai :  Private lender ICICI Bank on Friday reported a net loss of Rs 120 crore on a standalone basis for the first quarter of 2018-19. The lender had reported a net profit of Rs 2,049 crore during the corresponding period of the previous financial year. However, the banking major’s net interest income grew to […]