Rupee falls for 3rd day; foreign fund inflows key.
Published on Wednesday, April 23, 2014 7:25 PM

By Swati Bhat

MUMBAI - The rupee weakened for a third consecutive session on Wednesday, falling below the 61 to the dollar mark for the first time in more than a month, hurt by good demand for the greenback from importers and by continued weakness in Asian currencies.

Most emerging Asian curr ...

Rupee falls for 3rd day;     foreign fund inflows key.
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Mastek Q4 net dips 44% at Rs 11.32 cr
Published on Wednesday, April 23, 2014 7:23 PM

IT services company Mastek Ltd on Wednesday announced it has reported a decline of 44.15 per cent in its consolidated net profits at Rs 11.32 crores for the fourth quarter ended March 2014, weighed down by increase in expenditure. “The consolidated net profit of the company stood at Rs 20.27 crore during the same period a year ago,&rdqu ...

Mastek Q4 net dips 44% at Rs 11.32 cr
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Cairn India consolidated Q4 net up 18% at Rs 3,035.44 cr
Published on Wednesday, April 23, 2014 6:49 PM

Oil and gas exploration and production company Cairn India on Wednesday reported that its consolidated net profit for the fourth quarter ended March 31, 2014 grew by 18.40 per cent at Rs 3,035.44 crore from the same period a year ago driven by a rise in other income. In Q4 FY 2012-13, the company had posted a consolidated net profit of Rs 2,5 ...

Cairn India consolidated Q4 net up 18% at Rs 3,035.44 cr
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DLF slides 3 percent, underperforms rivals
Published on Wednesday, April 23, 2014 6:14 PM

 Market Eye - Shares in DLF, India's biggest real estate developer, fell 2.99 percent, sharply under-performing a 0.4 percent gain in the Nifty and posting their sixth decline in the past seven sessions.

Traders say DLF is being hit by perceptions of its ties with the ruling Congress party, which is ...

DLF slides 3 percent, underperforms rivals
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HDFC Bank clarifies on buzz over JM Financial stock soars on buzz of merger with HDFC Bank
Published on Wednesday, April 23, 2014 5:26 PM

HDFC Bank today said about the news appeared in a leading financial daily "JM Financial stock soars on buzz of merger with HDFC Bank". “HDFC Bank Ltd has clarified that the news/rumor appearing in a financial daily is untrue and that there are no such negotiations taking place with the Bank in this regard,” the company s ...

HDFC Bank clarifies on buzz over JM Financial stock soars on buzz of merger with HDFC Bank
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Yes Bank Q4 net up 18.8% at Rs 430.2 cr
Published on Wednesday, April 23, 2014 4:32 PM

Private sector lender Yes Bank on Wednesday reported that its standalone net profit rose by 18.8 per cent at Rs 430.2 crore in the fourth quarter ended March 31, 2014 from the same period a year ago amid a healthy growth in income. In Q4 FY 2012-13, the lender had posted a net profit of Rs 362.2 crore, Yes Bank said in a filing to the Bombay ...

Yes Bank Q4 net up 18.8% at Rs 430.2 cr
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State Bank of Bikaner and Jaipur Q4 net up 33% at Rs 237.6 cr
Published on Wednesday, April 23, 2014 3:27 PM

State –run lender, State Bank of Bikaner and Jaipur on Wednesday reported that its net profit for the fourth quarter ended March 31, 2014 rose by 33.3 per cent at Rs 237.63 crore from the same period a year ago as interest income and other income climbed. In Q4 FY 2012-13, the public sector bank had posted a net profit of Rs 178 crore, ...

State Bank of Bikaner and Jaipur Q4 net up 33% at Rs 237.6 cr
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Credit Suisse upgrades Mahindra & Mahindra to 'outperform'
Published on Wednesday, April 23, 2014 5:29 PM

 Market Eye - Credit Suisse upgrades Mahindra and Mahindra(M&M) to "outperform" from "neutral," saying its four-wheeler autos and commercial vehicles will benefit from even a short-lived economic recovery, while the auto-maker has "undemanding valuations."

The investment ...

Credit Suisse upgrades Mahindra & Mahindra to 'outperform'
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Rupee weakens past 61/dollar to One-month low
Published on Wednesday, April 23, 2014 11:03 AM

MUMBAI  - The rupee weakened past the key 61 per dollar mark on Wednesday to hit a one-month low, tracking losses in regional currencies and hurt by good demand for the greenback from oil importers.

The partially convertible rupee was trading at 61.01/02 per dollar by 9:23 a.m., after hitting as much as ...

Rupee weakens past 61/dollar to One-month low
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