Marico Q2 net may rise 18% at Rs 101.3 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September) earnings estimates for the FMCG sector. The brokerage house expects Marico to report a 34.8 percent degrowth quarter-on-quarter (up 18 percent Y-o-Y) in net profit at Rs 101.3 crore.Revenues...

23.07 | 0 komentar | Read More

SC orders Sahara to submit property deeds worth Rs 20000 cr

The Supreme Court on Monday came down heavily on the Sahara Group asking the company to stop playing hide and seek. The apex court asked Sahara to submit original property deeds worth Rs 20,000 crore to the Securities and Exchange Board of India (Sebi)....

23.07 | 0 komentar | Read More

Improved order inflows to boost margins, performance: KEC

The management of KEC International is hopeful of an ever better performance in the coming quarters. The company posted a 34 percent surge in its net profits to Rs 22 crore in the quarter-ended in September. Ramesh Chandak, its managing director and...

23.07 | 0 komentar | Read More

Jindal Stainless Q2 net loss widens to Rs 412 cr

Hit hard by the rise in finance costs and rupee depreciation, Jindal Stainless ' (JSL) net loss has widened to Rs 412 crore during the second quarter ended September 30, 2013.The company had reported a net loss of Rs 152 crore in the corresponding quarter...

23.07 | 0 komentar | Read More

Parekh report likely to recommend Rs 5/l diesel price hike

Immediately hike fuel prices including diesel by Rs 5/l, focus on deregulating prices, and no need to tinker with the current import parity pricing of petroleum products. That's the gist of the recommendations Kirit Parikh will make to the government...

23.07 | 0 komentar | Read More

Blue Star Q2 profit rises 3.43% to Rs 7.52 cr

Air conditioning and commercial refrigeration major Blue Star today reported 3.43 percent increase in profit at Rs 7.52 crore for the second quarterended September 30, 2013.    The company had posted a profit of Rs 7.27 crore in the...

23.07 | 0 komentar | Read More

Govt mulls Rs 10000cr fund for electric vehicles: Sources

To boost the development of electric vehicles in the country, government is mulling a massive Rs 10,000 crore fund. The heavy industries ministry is working on a proposal, which will shortly be sent to the finance ministry for approval following which...

23.07 | 0 komentar | Read More

Sugar mills officials' arrest may impact functioning: ISMA

The standoff between the Uttar Pradesh government and the sugar mills has worsened. Officials of some sugar mills have been detained by the police that irked the industry, which alleges that arrests have been made without any proper reason. Abinash...

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Apollo Hospitals Group partners with KKR to raise Rs 550 cr

Healthcare major Apollo Hospitals said it has entered into a partnership with American private equity fund Kohlberg Kravis Roberts (KKR) to raise Rs 550 crore to repay promoters' debt and build more hospitals."The partnership involves a Rs 550 crore...

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Parekh recos must, but govt may stay away till polls: Pros

The Kirit Parekh panel will submit its recommendations to oil minister Veerappa Moily on October 30. According to sources, the committee is likely to recommend a one-time hike of Rs 5 per litre going forward.However, analysts are wary of the implementation...

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Freight earnings of Railways up by about 9%

Railways have earned Rs 43,457.78 crore from freight traffic during the first six months of the current fiscal, compared to Rs 39,882.99 crore during the same period last year, marking an increase of 8.96 percent. Railways carried 511 million tonnes...

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Coalgate: CBI will stand by FIR against Kumar Mangalam

The Central Bureau of Investigation (CBI) will stand by the FIR against Aditya Birla group chairman Kumar Mangalam Birla and former coal secretary PC Parakh in the coal blocks allocation scam when it files a status report in the Supreme Court on Tuesday...

23.07 | 0 komentar | Read More

DoT finalises MA guidelines; formal announcement shortly

The government is close to approving a new merger and acquisition (M&A) policy for Indian telecom service providers that proposes to allow arrangements or amalgamations that would have a market share of up to 50 percent. This crucial change is apparent...

23.07 | 0 komentar | Read More

Brewing recipe for success: Starbucks eyes long-term growth

It's a year to the day that coffee-chain Starbucks decided to give India a whiff of its world-famous blends. CNBC-TV18's Vineetha Athrey travels to Tata Starbucks' plantation in coorg to find out what's cooking for year-two.This luscious Tata Coffee...

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Malaysia's Petronas to set up USD 50 mn plant near Mumbai

Malaysia's Petronas today said it will invest USD 50 million in setting up a lubricant plant near Mumbai.Petronas Lubricants International, the lubricants manufacturing and marketing arm of Malaysia's national oil and gas company Petronas, signed a land-lease...

23.07 | 0 komentar | Read More

Weather in major airports in India on 22nd October 2013

Indira Gandhi International Airport, Delhi No Delays Sky will be clear. Temperature would be near normal and winds will blow from south easterly direction. Guru Ram Das Jee International Airport, Amritsar No Delays Sky will be partly cloudy. Temperature...

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Weather and weather derivatives

Indian economy is an agrarian one, wherein as much as almost 20 % of the GDP is wiped out during a year of bad monsoon. Research shows, more than 80% of the business activity in the world is dependent on weather. So while we can protect ourselves by...

23.07 | 0 komentar | Read More

TCS wins multi-million dollar IT deal from Bombardier

IT services major TCS has bagged a multi-million dollar deal from leading rail vehicles maker Bombardier Transportation for managing IT infrastructure of its newly commissioned data centres."The multi-year, multi-million deal, is the first that TCS...

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India's steel output growth at 4.7% lags world average

Steel production growth in India fell short of the world average in September with the country clocking 4.7 percent growth compared to the world average of 6.1 percent.According to World Steel Association (WSA), India's steel output grew to 6.54 million...

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Privatisation of 6 major airports likely ahead of LS polls

Civil Aviation Ministry is hopeful of completing the process of privatising six major airports, including those at Chennai and Kolkata, within a time-frame and ahead of the 2014 general elections. The Ministry's move to hand over these airports, developed...

23.07 | 0 komentar | Read More

Daiwa MF announces change in investor relations officer

Daiwa Mutual Fund has announced that Mr Mohammed Pardawala has resigned as investor relations officer of Daiwa AMC effective end of business hours on September 30, 2013. Further, Mr Sanjay Nair, manager customer service of Daiwa AMC has been designated...

23.08 | 0 komentar | Read More

Franklin Templeton MF declares dividend under two schemes

Franklin Templeton Mutual Fund has announced dividend under the dividend option of Direct Plan and Regular Plan of Franklin India Opportunities Fund and Franklin India Infotech Fund. The record date for declaration of dividend is October 18, 2013.The...

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SBI Magnum Balanced Fund declares dividend

Oct 14, 2013, 08.37 PM IST SBI Magnum Balanced Fund announces dividend, for which the record date for dividend is October 18, 2013.. kill_source=true; kill_footer=tru...

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Reliance Mutual Fund declares dividend under two schemes

Oct 14, 2013, 08.42 PM IST Reliance Mutual Fund announces dividend under two schemes, for which the record date for dividend is October 17, 2013.. Like this story, share it with millions of investors on M3 ...

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Hero to hike scooter production to boost mkt share

Oct 14, 2013, 08.46 PM IST Over the next few months, Hero MotoCorp plans to take their overall scooter production to around 75,000 units per month as compared to 55,000-60,000 units that they currently do. Like this...

23.08 | 0 komentar | Read More

DWS Money Plus Fund announces change in exit load

Oct 14, 2013, 08.46 PM IST DWS Money Plus Fund announces change in exit load, with effect from October 14, 2013 kill_source=true; kill_footer=true; kill_header=true;...

23.08 | 0 komentar | Read More

After EOW, ED now files case against NSEL

After the Economic Offences Wing, it is now the Enforcement Directorate (ED) that has swung into action. The ED has registered a case against NSEL promoters, board of directors based on sections invoked by the Mumbai EOW, reports CNBC-TV18's Aastha Maheshwari.Also...

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Weather forecast for the week in India from 14th Oct to 20th Oct

After good showers in many parts of the country last week, this week will be a comparatively drier with rainfall figures dropping down significantly. Let's have a look at the weather forecast for the week in India: North India As winds have changed...

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Senate debt deal 'very possible': Sen. Bob Corker

The expectation that a debt deal may be forthcoming from talks between Senate Majority Leader Harry Reid and Republican leader Mitch McConnell is "very possible," Sen. Bob Corker, R-Tenn., told CNBC on Monday."I've had some good conversations early this...

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EOW eyes sweeping powers to tackle Jignesh Shah: Srcs

As investigations gather steam and the details get murkier, the Economic Offences Wing (EOW) of Mumbai Police is contemplating flexing muscles against Jignesh Shah, the Chairman and CEO of the Financial Technologies Group.Sources have confirmed that...

23.08 | 0 komentar | Read More

Weather forecast for the week in India from 7th Oct to 13th Oct

North and northwest India - The weather is expected to be warm and dry in Delhi and north India for almost entire week, except on Friday, the 11thwhen light showers could lash many parts of Delhi, Punjab, Haryana and northwest U.P. This will happen as...

23.07 | 0 komentar | Read More

SBI Mutual Fund announces changes

SBI Mutual Fund has announced change in minimum new purchase amount, additional purchase amount and redemption amount under the following schemes with effect from  October 03, 2013.Accordingly, the revised provisions will be: SBI Magnum Equity...

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Religare Invesco Arbitrage Fund declares dividend

Religare Invesco Mutual Fund has announced dividend under the dividend option and direct plan - dividend option of Religare Invesco Arbitrage Fund, an open ended equity scheme. The record date for declaration of dividend is October 10, 2013The amount...

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ICICI Pru Multiple Yield Fund-Sr 2 Plan E declares dividend

Oct 07, 2013, 08.09 PM IST ICICI Prudential Multiple Yield Fund - Series 2 - Plan E announces dividend, for which the record date is October 10, 2013 kill_source=tru...

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Canara Robeco MF announces change in fund manager

Canara Robeco Mutual Fund has announced change in the fund management responsibilities under Canara Robeco Monthly Income Plan, Canara Robeco Balance, Canara Robeco InDiGo Fund and Canara Robeco Gold Savings Fund with effect from October 07, 2013.Accordingly,...

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See lower short term rates; MSF cut as indicated: Axis Bank

The Reserve Bank (RBI) on Monday slashed the marginal standing facility (MSF) by 50 basis points (bps) to 9 percent. Srinivasan Varadarajan, executive director of Axis Bank feels that the steps were in line with the central bank's indications earlier....

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Fag end monsoon rain may boost wheat production

Rain during September in wheat producing areas in the north could boost the output well over the previous record of 94.88 million tones produced in 2011-12. According to agriculture experts, rain in parts of Punjab, Haryana and west Uttar Pradesh during...

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RBI move to lower short-term rates; see repo hike: HDFC Bk

The Reserve Bank (RBI) on Monday reduced the marginal standing facility (MSF) by 50 basis points (bps). Ashish Parthasarthy, head treasurer of HDFC Bank expects a fall in short-term rates by almost 50 basis points in the near-term. The reaction will...

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Repo rate may surge; RBI must bring OMCs back in mkt: Pros

The Reserve Bank of India on Monday cut the marginal standing facility (MSF) rate by 50 bps to 9 percent . Speaking to CNBC-TV18 on the central bank moves going forward, Samiran Chakraborty of Standard Chartered says there is no harm if the RBI...

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Cap infusion in PSU banks to push consumer sentiment: Takru

Banking secretary Rajiv Takru believes the move taken by the government to infuse Rs 14,000 crore into the public sector banks will boost the growth and the consumer sentiment. The steps are taken so that PSU banks could offer loans at cheaper rates...

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