Tesco reports £5.74 bn annual net loss

Last Updated: Wednesday, April 22, 2015, 12:00

Britain`s biggest retailer, supermarket group Tesco, announced Wednesday that it had plunged massively into the red last year as it took a hit on the value of its property.

Spectrum auction belie zero loss presumptions, says Jaitley

Last Updated: Wednesday, March 25, 2015, 19:15

With the telecom spectrum auction fetching a record Rs 109,874 crore, Finance Minister Arun Jaitley on Wednesday took a jibe at Congress leader Kapil Sibal, saying the 'zero loss' theory has been belied.

Agri Minister briefs Jaitely about damages to rabi crops

Last Updated: Tuesday, March 24, 2015, 19:41

Agriculture Minister Radha Mohan Singh on Tuesday breifed his finance counterpart Arun Jaitley about damages in rabi crops in about estimated 181 lakh hectares across 13 states due to untimely rain and hailstorm.

CAG blames I-T Dept for Rs 1348 cr tax loss in pharma sector

Last Updated: Friday, March 20, 2015, 19:28

Coming down heavily on the I-T Department, CAG has said non-compliance of procedures for giving incentives to pharmaceutical firms, including Ranbaxy, Dr Reddy's and Piramal, resulted Rs 1,348.44 crore loss to the exchequer.

Barclays bank slides into annual net loss

Last Updated: Tuesday, March 3, 2015, 13:29

Barclays reported a loss after tax of £174 million ($268 million, 239 million euros) for 2014 compared with a net profit of £540 million the previous year.

RBS to slash investment banking after huge loss

Last Updated: Thursday, February 26, 2015, 17:47

Royal Bank of Scotland will end investment banking in the Middle East and Africa and "significantly" reduce its presence in Asia and the US after a seventh-straight annual loss, the state-rescued lender said Thursday.

World Bank wants more transparency in India's power subsidy

Last Updated: Tuesday, February 24, 2015, 23:03

World Bank today called for more transparency in India's power subsidy regime and suggested re-identification of the target population to improve the balance-sheets of losses-stricken discoms.

Crisil Q4 Net inches down to Rs 70.79 crore

Last Updated: Sunday, February 15, 2015, 16:30

Country's leading credit rating agency Crisil today reported a marginal decline in its consolidated net profit at Rs 70.79 crore for the quarter to December against Rs 70.92 crore in the same period last fiscal.

GMR Infra Q3 net loss widens to Rs 638.33 crore

Last Updated: Saturday, February 14, 2015, 23:55

GMR Infrastructure on Saturday reported a consolidated net loss of Rs 638.33 crore for the third quarter ended on December 31 due to higher finance cost.

Punj Lloyd posts net loss of Rs 148 crore in Q3

Last Updated: Friday, February 13, 2015, 22:39

The company had posted a net profit of Rs 1 crore for the corresponding quarter of the previous financial year, Punj Lloyd said in a statement.

SpiceJet shares down 4% as Q3 loss widens

Last Updated: Friday, February 13, 2015, 13:15

Shares of budget airline SpiceJet today fell by 4 percent after the company reported widening of net loss by a steep 59 percent during the third-quarter at Rs 275 crore.

Auditors flag 'doubt' over Spicejet's going-concern viability

Last Updated: Thursday, February 12, 2015, 21:47

With SpiceJet flying into Rs 275 crore quarterly loss, the beleaguered carrier's auditors have raised "significant doubt" over the 'going-concern' viability of the company saying its overall liabilities has outstripped total assets.