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  • OROP to cost Rs 16k cr in FY16; to impact fiscal math: HSBC

    The government has "in principle" accepted OROP - a demand by India's defence personnel that uniform pension should be paid to armed force retirees with the same rank and same length of service.

  • Macquarie sees 60% upside in ICICI Bank, retains outperform

    Macquarie sees 60% upside in ICICI Bank, retains outperform

    "Growth continues to be led by retail loans, primarily mortgages, and should remain so near-to-medium term. Corporate credit remains lacklustre and to highly rated corporates (implying lower yields). Efficiency improvement remains a high priority and should see ICICI Bank sustain its profitability," it explains.

  • Aarti Industries Q1 net surges 47% to Rs 61 cr

    Aarti Industries Q1 net surges 47% to Rs 61 cr

    The company has reported a net profit of Rs 41.43 crore in same period last year. Total income for the quarter ended June 30, stood at Rs 683.07 crore.

  • ARC ratings affirms 'BBB+' rating on India

    ARC ratings affirms 'BBB+' rating on India

    The agency also affirmed its 'A-' foreign currency and 'A' local currency country ceilings for the country, it said in a report here today. "IndiaÂ’s stable ratings reflect our expectations for accelerating growth over the near- and medium-term.

  • 'Challenges for PSU banks remain despite uptick in economy'

    'Challenges for PSU banks remain despite uptick in economy'

    Capital needs are likely to increase substantially each year up until FY19, it said adding there were few indications of a meaningful recovery in earnings in the short-term, though stressed assets are likely to have peaked and NPL (non-performing loan) accretion is easing.

  • Govt can borrow more to revive investment cycle: Report

    Govt can borrow more to revive investment cycle: Report

    "A marginal fiscal slippage from the current stage to increase capital expenditure should not be viewed adversely as accelerating growth is equally important," India Ratings said in a report on Thursday.

  • Key takeaways from Reliance Industries' 41st AGM

    Key takeaways from Reliance Industries' 41st AGM

    Reliance Jio, the much-awaited 4G network hogged all the limelight at the 41st Reliance Industries‘ Annual General Meet held in Mumbai today.

  • FY15 current a/c deficit falls to 1.3% of GDP vs 1.7% YoY

    FY15 current a/c deficit falls to 1.3% of GDP vs 1.7% YoY

    The country‘s current account deficit for fiscal year 2014-15 eased to 1.3 percent of gross domestic product (GDP), compared to 1.7 percent in the year earlier, helped by relief on the trade account, which in turn was helped by falling oil prices and muted gold imports.

  • See downside risk to FY16 earnings growth assumption: CLSA

    See downside risk to FY16 earnings growth assumption: CLSA

    Mahesh Nandurkar of CLSA sees further downside risk to the 19 percent earnings growth assumption for FY16. Earnings growth in Q4FY15 for their coverage universe was negative 13.6 percent and the worst since June 2012, he said.

  • At 0% growth, FY15 earnings a picture of disaster

    At 0% growth, FY15 earnings a picture of disaster

    The complete overestimation of the previous fiscal‘s earnings growth also underscores the perils of relying on market forecasts based on earnings projections.

  • GDP grows 7.5% in Q4; overall FY15 growth at 7.3%

    GDP grows 7.5% in Q4; overall FY15 growth at 7.3%

    For the year as a whole, GDP grew 7.3 percent—a shade below the government‘s estimate of 7.4 percent—compared to 6.9 percent the previous year.

  • Agri crisis likely to drag FY15 GDP below 7.4% target

    Agri crisis likely to drag FY15 GDP below 7.4% target

    Fiscal year 2014-15 gross domestic product (GDP) growth rate, due at 5.30 pm this evening, may came in slightly lower than the government's advance estimate of 7.4 percent.

  • Simplex Infra Q4 net profit rises marginally to Rs 22 crore

    Simplex Infra Q4 net profit rises marginally to Rs 22 crore

    The company's total sales for the January-March period increased to Rs 1,563 crore from Rs 1,463 crore in the corresponding period, a growth of 6.83 percent .

  • Bombay Dyeing net profit falls 14% to Rs 179 crore

    Bombay Dyeing net profit falls 14% to Rs 179 crore

    Bombay Dyeing's net sales on standalone basis fell 33.78 percent to Rs 745.77 crore as against Rs 1,126.25 crore in March quarter of the previous fiscal. For the full fiscal, company's net profit marginally rose 0.90 percent to Rs 24.56 crore from Rs 24.34 crore in the year-ago period.

  • Saw few orders in FY15, expect pick-up this year: Texmaco

    Saw few orders in FY15, expect pick-up this year: Texmaco

    Texmaco Rail delivered posted a decent set of fourth-quarter numbers last week despite management claiming fiscal year 2014-15 was a ‘tough‘ year with hardly few orders coming in.

  • Britannia Industries Q4 profit up by 55% at Rs 167.25 cr

    Britannia Industries Q4 profit up by 55% at Rs 167.25 cr

    Bakery and dairy products maker Britannia Industries today reported a 55.35 percent increase in its consolidated net profit at Rs 167.25 crore for the quarter ended March 31, 2015.

  • Bajaj Allianz General Insurance net up 37% in FY15

    Bajaj Allianz General Insurance net up 37% in FY15

    In spite of two major catastrophes in FY15, including Jammu and Kashmir floods and the tropical cyclone Hudhud in eastern parts of the country, Bajaj Allianz continued with its good performance.

  • Vodafone India FY15 revenue at Rs 42,352 cr; data jumps 65%

    Vodafone India FY15 revenue at Rs 42,352 cr; data jumps 65%

    The country's second-largest telecoms firm said the number of 3G users increased 175 percent during the year.

  • See double-digit growth in infra sector ahead: CMIE

    See double-digit growth in infra sector ahead: CMIE

    Mahesh Vyas, MD and CEO of CMIE, says it is not practical to expect rapid implementation of road projects, especially in a country where there are issues such as land acquisition.

  • GVK suffers Q4 net loss at Rs 109 cr

    GVK suffers Q4 net loss at Rs 109 cr

    The company currently operates two international airports in the country in Mumbai and Bangalore. For the full year, the net loss widened to Rs 835 crore against Rs 369 crore in FY14.

  • Odds against Vishal Sikka's Infy strategy working: Gartner

    Odds against Vishal Sikka's Infy strategy working: Gartner

    In an exclusive interaction with CNBC-TV18‘s Kritika Saxena, Gartner‘s Partha Iyengar said a new strategy implemented by CEO Vishal Sikka was a ‘bold bet‘ but it cloud the firm‘s near- to medium-term outlook even more as it “ignored its struggling core business”.

  • Mar quarter earnings season starts on muted note: Barclays

    Mar quarter earnings season starts on muted note: Barclays

    Bhuvnesh Singh, Barclays said the Q4FY15 earnings season started on a muted note with equal 'beats' & 'misses' to consensus EPS forecasts.

  • Rs 5000cr in the bag, NTPC may announce buyouts this qtr

    Rs 5000cr in the bag, NTPC may announce buyouts this qtr

    With the power sector undergoing a churn -- several deleveraged power producers have been looking to sell assets -- state-run National Thermal Power Corporation has said it will deploy about Rs 5,000 crore and may announce acquisitions of a few power plants by the end of the current quarter.

  • Mahindra tractor sales decline 31% in March

    Mahindra tractor sales decline 31% in March

    The company had sold 17,673 units in same period of last year. Domestic tractor sales stood at 10,392 units, down 37 percent, from 16,571 units sold in March 2014.

  • Sebi to finalise regulations for start-ups by June

    Sebi to finalise regulations for start-ups by June

    To deepen capital markets, SEBI also pitched for allowing investment of pension money into various securities instruments and to create an enabling environment for REITs to flourish.

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