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Mission incomplete: Raghuram Rajan's overhaul of RBI
Published on Friday, February 12, 2016 6:14 PM

By Suvashree Choudhury and Neha Dasgupta

MUMBAI - In a video conference in mid-2014, Reserve Bank of India (RBI) governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81-year-old central bank.

The proposals, descr ...

Mission incomplete: Raghuram Rajan's overhaul of RBI
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Novartis India posts Q3 net profit at Rs 59.81 cr
Published on Friday, February 12, 2016 6:20 PM

Novartis India announced that it has posted a net profit at Rs. 59.81 crore for the third quarter ended December 31, 2015 as against a net loss at Rs. 1.18 crore for the third quarter ended December 31, 2014. The net sales of the company fell by 13.91 per cent to Rs. 183.38 crore during the period under review as compared to Rs. 213.02 crore ...

Novartis India posts Q3 net profit at Rs 59.81 cr
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IDBI Bank swings to Q3 loss of Rs 2,183.68 cr
Published on Friday, February 12, 2016 5:59 PM

IDBI Bank has reported a net loss of Rs 2,183.68 crore in the third quarter ended December 31, 2015 as total income fell while provisions jumped due to deteriorating asset quality. In Q3 FY 2014-15, net profit was Rs 102.79 crore, IDBI Bank said in a filing to the Bombay Stock Exchange (BSE). Net interest income climbed 8.8 per cent at Rs 1,5 ...

IDBI Bank swings to Q3 loss of Rs 2,183.68 cr
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IOC back in black; posts net profit of Rs 3,057 cr
Published on Friday, February 12, 2016 5:51 PM

Indian Oil Corporation, the country’s largest commercial enterprise, on Friday reported sharp turnaround in its third quarter earnings and posted a standalone net profit of Rs 3,056.86 crore for the quarter ended December 31, 2015. “The state-owned company had posted standalone net loss of Rs 2,636.80 crore for the quarter ended D ...

IOC back in black; posts net profit of Rs 3,057 cr
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Retail inflation hits 17-month high in January
Published on Friday, February 12, 2016 5:47 PM

NEW DELHI - India's annual consumer price inflation edged up to a 17-month high of 5.69 percent in January, driven up by higher food costs, government data showed on Friday.

Economists surveyed by Reuters had forecast retail inflation would ease to 5.4 percent from 5.61 percent in December.

...

Retail inflation hits 17-month high in January
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Indian steelmakers raise prices, but surge in value not likely
Published on Friday, February 12, 2016 4:57 PM

By Promit Mukherjee and Sankalp Phartiyal

MUMBAI/NEW DELHI - Some steelmakers have raised their prices after a recent government measure to rein in cheap imports, but a surge in value is unlikely as the country's production capacity is rising faster than its domestic demand growth.

New De ...

Indian steelmakers raise prices, but surge in value not likely
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Sun Pharma Q3 profit beats Street, to wind down JV with Merck
Published on Friday, February 12, 2016 5:09 PM

MUMBAI - India's largest drugmaker, Sun Pharmaceutical Industries Ltd, and Merck & Co Inc have agreed to call off their joint venture to develop branded generics for emerging markets due to changes in priorities, the Indian firm said.

Sun Pharma, the world's fifth-largest generic drugmaker, said i ...

Sun Pharma Q3 profit beats Street, to wind down JV with Merck
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HPCL seeks rare diesel imports - traders
Published on Friday, February 12, 2016 4:59 PM

By Jessica Jaganathan and Nidhi Verma

SINGAPORE/NEW DELHI - Hindustan Petroleum Corp Ltd is seeking diesel for import into the country for the first time in many years, at a time when demand for the fuel is rising in the domestic market, industry sources said on Friday.

It was not immediately ...

HPCL seeks rare diesel imports - traders
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Mahindra Q3 net profit falls 14 percent, misses estimates
Published on Friday, February 12, 2016 3:07 PM

NEW DELHI - Automaker Mahindra and Mahindra Ltd reported a 14 percent fall in quarterly net profit on Friday, missing analyst estimates, but said it expected a revival in the economy over coming quarters.

Mahindra, India's top utility vehicle maker, said net profit for the three months ended Dec. 31 was 8 ...

Mahindra Q3 net profit falls 14 percent, misses estimates
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