Eveready's Q4 net dips 27 percent

Kolkata , May 6

Battery maker Eveready Industries on Friday announced that its standalone net profit in the January-March quarter of 2015-16 fell by 27 percent to Rs.4 crore as against Rs.5.45 crore in the same quarter of 2014-15.

ArcelorMittal's $6.5 bn Jharkhand project hangs in balance

Ranchi , May 6

The fate of ArcelorMittal's 12-million tonne, $6.5 billion steel project in Jharkhand appears to be hanging in the balance as a new clause has been put up by the company for which there is no approval yet, state government officials said here on Friday.

Sensex loses 148 points in early trade

Mumbai , May 6

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Friday was trading 148.73 points or 0.59 percent lower during the morning session.

Vedanta to set up steel plant in Jharkhand

Ranchi , May 6

Mining conglomerate Vedanta on Friday signed an MoU with the Jharkhand government to set up a steel plant of one million tonnes capacity in the state.

SBI unveils mobile payment service in Bengaluru

Bengaluru , May 6

Country's largest commercial bank State Bank of India (SBI) on Thursday unveiled a mobile-based payment service to its internet banking and debit-card customers in association with global electronic payments firm Visa.