2013 14

According to the CAPA India Aviation Outlook Report, Air India will likely post a full-year USD 700 million (or Rs 4,340 crore) loss while the two listed firms will together post a record USD 500 million (Rs 3100 crore) FY14 loss.

RBI Credit Policy: Leaves key rates unchanged, reflects no hawkish stance

The RBI in its first quarter (April-June, 2013-14) monetary policy left key rates unchanged hinting at rate cuts in future subject to market stability. With this, D Subbarao, the governor who had taken the central bank assignment in September, 2008; presented his last quarterly policy before he hangs up his boots in September this year.

HDFC Bk Q1 net up 30% on loan growth, shrs fall on NPA rise

India's second largest private sector HDFC Bank on Wednesday reported 30 percent year-on-year rise in its first quarter (April-June) net profit to Rs 1,844 crore, aided by a spike in the other income and robust loan growth. However, at 14:30 hrs HDFC Bank shares were down 3 percent to trade at Rs 659 on NSE. Read on...

Budget 2013-14: Steps be taken to widen tax base, says India Ratings' Pant

To increase revenue, steps should be taken to broaden tax base, mere increasing of tax rate will not solve the problem. Hiking tax rates will reduce compliance and give incentive to tax evasion. A low and stable tax regime is a necessary condition for improving the investment climate.

Lupin to sustain 'excellent' track record: Citi

Citigroup raises its target price of drug maker Lupin to Rs 640 from Rs 570, while maintaining its "buy" rating, after meeting with management. Lupin shares last up 3.1% at Rs 572.05.