Tata Motors Q1 cons net likely flat; revenue seen up 6%
India's largest commercial vehicle maker Tata Motors will report its first quarter earnings later on Wednesday. The company, which also owns the British luxury Jaguar and Land Rover brands, will continue to report a loss in its standalone operations, amid a slump in CV demand and slow passenger vehicle sales.
Lupin Q1 net up 43%, revenues rise lower-than-expected 10%
Lupin 's first quarter (April-June) net profit grew higher-than-expected 43 percent year-on-year to Rs 401 crore, but revenues rose lower-than-expected 10 percent on yearly basis to Rs 2,476 crore, sending shares 6 percent lower.
Hailing the announcement of Raghuram G Rajan as the new RBI Governor, India Inc today said the appointment of the former IMF Chief Economist will help bring the economy back on growth path.
Financial Tech up 5.6% as NSEL discloses stock positions
Financial Technologies shares gained nearly 20-22 percent in afternoon trade after National Spot Exchange (NSEL) disclosed stock position as on July 31 and revealed names of the borrowers. NSEL said that total value of commodities lying in the warehouse as of July 31 was Rs 6052 crore as against the outstanding dues of Rs 5544 crore.
IDFC to diversify asset base to beat infra slowdown
Non-banking finance company IDFC today said it plans to diversify its asset base in order to overcome the impact of slowdown in the infrastructure sector. "We have to see asset diversification beyond infrastructure," Executive Chairman, Rajiv B Lall said at an event organised by Indian Merchants' Chamber here.
Steps RBI, government can take to stabilise rupee
The rupee's fall to record lows has raised chances that the Reserve Bank of India will take more steps to support the currency, as a strategy built on tightening rupee money markets and raising short-term interest rates has had limited effect.
Government takes steps to curb ponzi schemes
Taking steps to crackdown on ponzi schemes, the government on Tuesday said the RBI has advised banks to carry out quick reviews of accounts opened in the names such as market agencies and retail traders, especially those cases where large number of cheque books have been issued.
The Aam Aadmi Party today announced the names of six candidates, including a retired Delhi Police constable and former leaders of Congress and BJP, for the Delhi Assembly polls slated later this year.
Jet Airways-Etihad Airways deal to end this month: Sources
The much awaited Jet -Etihad deal is likely to be completed this month, exclusive sources told CNBC-TV18. The deal, say sources will get the Cabinet Committee on Economic Affairs nod soon.
Tribunal quashes Sebi order against NSDL in IPO scam
The Securities Appellate Tribunal (SAT) today quashed a regulatory order against top depository NSDL, which was passed by Sebi in December 2008, but implemented about two-and-a-half years later in July 2011 after initially being dismissed as 'null and void'.
Indian banks borrowed Rs 60.80bn via MSF on Aug 6: RBI
Indian banks borrowed 60.80 billion rupees (USD 993.5 million) from the Reserve Bank of India's marginal standing facility (MSF) window on August 6, higher than Rs 49.71 billion on August 5.
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