S. V. Krishnamachari
IBTimes India
Bengaluru, KA, India
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Pepsico bottler Varun Beverages improves profit margins; share price upgraded
For the quarter ended June 2017, Varun Beverages saw its operating margin expand and interest expenses shrink. → Read More
Tata Motors crashes on BSE over weak June quarter results
The share price of automobile maker Tata Motors tumbles almost seven percent on Thursday morning trade. → Read More
Pharma stocks led by Sun, Aurobindo drag Sensex, Nifty
Sun Pharma subsidiary Taro's weak June quarter performance led to a sharp decline in many pharma stocks on Wednesday. → Read More
J Kumar Infra branded shell company despite bagging Delhi, Mumbai metro projects
The Sebi list of 331 suspected shell companies includes J Kumar Infraprojects, a company that is executing various Delhi, Mumbai metro projects. → Read More
Crude oil prices for India rise by 12% in one month
The Indian basket of crude oil was at $51.60 per barrel on August 8 as against $46.12 almost a month ago. → Read More
Axis Bank follows SBI, Bank of Baroda, reduces interest rate on savings deposits
In a regulatory filing to the BSE, private sector lender Axis Bank said the rate has been slashed by 50 basis points to 3.50 percent. → Read More
Tata Steel, Hindalco, Vedanta gain despite Sensex, Nifty trading with losses
Tata Steel shares flared up on the bourses in response to strong June quarter (Q1) numbers and Hindalco arm Novelis reported upbeat Q1 data. → Read More
Rising rupee is a mixed bag for Indian economy
The Indian rupee closed at a two-year high against the US dollar on Friday. → Read More
NBFCs outperform banks when it comes to managing bad loans
The bad loans, or NPAs of non-banking financial companies (NBFCs), are far lower than that of banks, especially state-owned. → Read More
Biocon shares plunge after company gets Form 483 observations from US drug regulator
The US FDA issued Form 483 listing violations after inspecting Biocon's manufacturing unit in Bengaluru. → Read More
Indian stock markets among the best-performing globally in CY2017
The 50-scrip NSE Nifty gained 5.8 percent in July, the highest monthly gain in 16 months, driven by sustained dollar inflows, good progression of monsoon and GST. → Read More
Titan gains on upbeat June quarter results; PNB Housing, IOC also spurt
Titan was up almost 10 percent on the back of June quarter (Q1) results while PNB Housing gained close to 6 percent in early trade on Friday. → Read More
India plans to curb cheap tyre imports from China with anti-dumping duty
Truck and bus radial (TBR) tyre imports from China pose a threat to Indian companies such as Apollo, Ceat, MRF and JK. → Read More
GST woes: After manufacturing, services activity hits a new low in July
Both the PMI indices, manufacturing and services, slipped below the crucial threshold of 50 in July, says IHS Markit. → Read More
Trends in recent listings dim hopes for Cochin Shipyard investors
CDSL rallied sharply from its issue price of Rs 149 to more than Rs 400 but has since shed gains; AU Finance is also unable to sustain gains. → Read More
Markets cautious ahead of RBI's monetary policy meeting outcome
The Reserve Bank of India's monetary policy committee is expected to announce its decision today amid expectations of a 25 basis point cut in repo rate. → Read More
NDTV gets partial relief in income tax case; June quarter performance worsens
The news channel is embroiled in many cases, including ICICI Bank loan repayment and now income tax; its income has taken over the past few quarters. → Read More
Hero Motocorp. Honda, Suzuki, Eicher Motors post upbeat volume sales for July
Most of the two-wheeler companies saw domestic sales rising sharply in July, the first month of GST implementation. → Read More
Interest rate cut on savings deposits augurs well for banks, say Nomura analysts
If all banks reduce interest rate on savings deposits, public sector lenders stand to gain more than others. → Read More
Max calls off merger with HDFC Standard Life Insurance
The confirmation comes days after the insurer's parent HDFC said it will offload 9.5 percent through an initial public offering. → Read More