In an interview to CNBC-TV18, Nirav Sheth of Edelweiss Financial Services says the timing is not right to act on valuations.
Morgan Stanley downgrades Cipla Ltd to "underweight" from "equal-weight", citing slower growth prospects and valuations.
The recent government notification to ease steel import norms will not only increase inward shipment of the metal, but also add to woes of domestic firms battling demand slowdown, industry experts said today
Also, this is the first FDI deal in aviation space and has its own complexities. Other foreign carriers may switch gears after they find Indian government committed to attract foreign investors, they say.
United Bank of India reported net profit of Rs 44.7 crore in Q1FY14 against Rs 174 crore year on year. The bank would focus more on recoveries going ahead and has restructured accounts worth Rs 4,718 crore, says CMD Archana Bhargava.
A 10 percent growth in earnings for FY14 is expected over FY13. The market is banking on two essential tailwinds. First, the bountiful monsoons and the fact that the area under cultivation has gone up, which is expected to feed on the food and CPI, and second is the narrowing of trade and CAD
In an interview to CNBC-TV18, Isaac George, CFO, GVK said that power segment loss is around Rs 50 crore Q-o-Q.
The company had been posting decline in net income for the last 14 consecutive quarters. In the first quarter of the current financial year, however, it has been able to arrest sharp decline in net income.
The decks have been cleared for the much-delayed merger between Vedanta group companies Sesa Goa and Sterlite Industries, with final regulatory clearance received in the form of approval from the Bombay High Court.
Ford India today announced strengthening of the sales and marketing team with new appointments, including that of Raj Sarkar, who takes over as the Vice President of Marketing.
Cotton Corporation of India (CCI) has sold about 13.83 lakh bales (170 kg each) of the natural fibre in the 2012-13 season and will offload another 9.03 lakh bales in a gradual manner in the domestic market.
The government may hike import duty on both gold and silver going forward. Reacting to the centre‘s likely steps, S Subramaniam, CFO of Titan believes that arbitrage opportunities will increase.
Amid declining demand, the country's largest carmaker, Maruti Suzuki India, has enhanced its market share in the April-July period this fiscal to over 40 percent in the passenger vehicle segment.
Nepal's Supreme Court has lifted its stay order and allowed the government to go-ahead on power development agreement negotiation with Indian infrastructure major GMR for building the 900 MW upper Karnali Hydropower Project.
India‘s largest lender the State Bank of India shares on Monday hit 52-week low after its first quarter (April-June) standalone net profit dropped 14 percent year-on-year to Rs 3,241 crore. Net interest income (NII) or the difference between interests earned and paid out, inched up 3.5 percent to Rs 11,512 crore.
CNBC-TV18 reports that SBI-led consortium is examining other venues to recover KFA debt after taking possession of the airline's headquarters in Mumbai and putting up the property for auction.
In an attempt to boost crucial infrastructure projects in Maharahstra, Chief Minister Prithviraj Chavan has announced that projects to the tune of Rs 5,000 crore will be approved in 2013.
Five trade unions have told the government that if the issue of further disinvestment in Coal India is not resolved they might resort to industrial action.
Tradeindia.com, India's Largest B2B Marketplace, has launched a new section of Online Tenders. The section will offer in-depth information of Indian tenders to the users of the site. This free to use section will help Indian companies in knowing about various tenders floated in the market with option to search for the ones of their interest.
Muthoot Finance, which lends against gold, has filed the draft prospectus with market regulator Sebi for public issuance of secured non-convertible debentures (NCDs) of up to Rs 300 crore.
ZTE today announced that sales of the ZTE Open Firefox OS phone will start soon on the ZTE store on eBay US and UK.
Onion prices in India surged by a third on Monday to hit a record high on a supply squeeze due to last year's drought in key growing areas, and as this year's crop was damaged in some southern and northern states due to heavy rainfall.
The one-man probe committee headed by former Justice Mukul Mudgal was set up to look into lobbying activities in contravention of any Indian law and any other matter relevant to this issue by Walmart.
"L&T Construction has won new orders worth Rs 4,160 crore across various business segments in July and August 2013," the company said in a statement.
Shriram EPC is confident of a substantial reduction in its debt after it agreed to sell its holding in Sree Jayajothi Cements Ltd (SJCL) for Rs 1,400 crore.