SML Isuzu’s Q2 profit up 42%
Chandigarh
SML Isuzu Ltd (formerly Swaraj Mazda Ltd) has approved un-audited financial results for the quarter ended September 30 and half year ended September 30, 2016 (H1). The profit before tax for Q2 touched Rs 13.21 crore, an increase of 42%. Also, profit after tax for Q2 is Rs 9.69 crore against Rs 6.36 crore, an increase of 52% over last year. Net revenue for Q2 reached Rs 304.60 crore as against corresponding quarter’s net revenue of Rs 268.90 crore. TNS
New Delhi
Airtel appoints Vani Venkatesh as CEO, Retail
Airtel has appointed Vani Venkatesh as CEO - Retail, to strengthen subscriber touch points of telecom business. Venkatesh takes over from Rohit Malhotra, who after over nine years with the company in various senior roles, has decided to pursue opportunities outside of Airtel, the company said. PTI
New Delhi
SBI plans to raise Rs 5,000 cr via bonds
SBI plans to raise Rs 5,000 crore through issuance of long-term bonds in domestic and overseas markets to finance infrastructure and affordable housing in the current fiscal. PTI
New Delhi
Yatra, Uttarakhand in pact for homestays
Online travel company Yatra.com on Tuesday said it has signed an agreement with the Uttarakhand government to promote homestays and highlight the state’s unique tourist attractions. Under the MoU, Yatra will promote all the state tourism-approved homestays, wherein guests (travellers) can rent a room in the home of a local family (host) or the entire house, the company said. PTI
New Delhi
IndiGo’s net profit jumps 24% to Rs 140 cr
Budget carrier IndiGo’s parent InterGlobe Aviation on Tuesday posted a nearly 24% rise in its net profit at Rs 139.85 crore in the three months ended September 2016, mainly aided by higher passenger revenues. Its total revenue from operations surged to Rs 4,166.93 crore in the latest September quarter. PTI
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