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Falling global crude prices bolster economic outlook
Published on Tuesday, October 21, 2014 4:49 PM

By Rajesh Kumar Singh

NEW DELHI  - Falling crude oil prices have helped lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.

In China, a short hop across the Himalayas, slumping consumer demand has sparked fears of deflatio ...

Falling global crude prices bolster economic outlook
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Govt decision to deregulate diesel is 'credit positive'- Moody's
Published on Tuesday, October 21, 2014 4:04 PM

MUMBAI - India's decision to remove price controls on diesel and to raise natural gas prices signals fiscal discipline and is a "credit positive" step, although the overall impact could be limited, Moody's Investors Service said on Tuesday.

"The decision to fully deregulate diesel price ...

Govt decision to deregulate diesel is 'credit positive'- Moody's
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Govt orders Financial Tech to absorb NSEL, liabilities
Published on Tuesday, October 21, 2014 4:31 PM

MUMBAI - The government on Tuesday ordered trading software provider Financial Technologies (India) Ltd to fully absorb its defunct unit National Spot Exchange Ltd (NSEL) and assume the outstanding liabilities of the troubled commodities bourse.

With NSEL obligations running at close to $900 million, shares i ...

Govt orders Financial Tech to absorb NSEL, liabilities
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Jindal Saw Q2 net profit soars over 3-fold to Rs 74.60 cr
Published on Tuesday, October 21, 2014 2:21 PM

Jindal Saw reported a 239 per cent rise in net profit at Rs 74.60 crore for the quarter ended September 2014, on higher sales. The company, which produces pipes used in different industries, had clocked a net profit of Rs 22 crore for the corresponding period a year ago, the company said in a filing to the Bombay Stock Exchange.

Ne ...

Jindal Saw Q2 net profit soars over 3-fold to Rs 74.60 cr
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United Spirits posts Rs 56cr loss in June quarter
Published on Tuesday, October 21, 2014 2:18 PM

Liquor firm United Spirits Ltd on Monday reported that it has swung to a net standalone loss of Rs 56 crore in the quarter ended June 30, 2014 as sales declined amid a slowdown in Asia’s third biggest economy. In the June 30 ended quarter of 2013, the firm posted a standalone net profit of Rs 118 crore, United Spirits Ltd said in a fili ...

United Spirits posts Rs 56cr loss in June quarter
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Just Dial Q2 net up 9.9% at Rs 31 cr
Published on Tuesday, October 21, 2014 2:16 PM

Local search engine Just Dial Ltd on Monday reported that its net profit for the second quarter ended September 30, 2014 climbed by 9.9 per cent at Rs 31 crore from the same period a year ago as revenue rose at an impressive pace. In Q2 FY 2013-14, the firm posted a net profit of Rs 28.66 crore, Just Dial Ltd said in a filing to the Bombay St ...

Just Dial Q2 net up 9.9% at Rs 31 cr
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HCL Infosystems Q2 net loss narrows to Rs 45.3 cr
Published on Tuesday, October 21, 2014 2:22 PM

IT hardware firm HCL Infosystems has today said that its consolidated net loss has narrowed to Rs 45.3 crore in the quarter ended September 2014. The company had posted a consolidated net loss of Rs 72.4 crore in the same quarter, last year, the company said in a filing to the Bombay Stock Exchange.

The total income of the company ...

HCL Infosystems Q2 net loss narrows to Rs 45.3 cr
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HDFC Bank net profit up 20 percent, lags estimates
Published on Tuesday, October 21, 2014 1:45 PM

MUMBAI  - HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.

Net profit rose to 23.81 billion rupees ($388.51 million) in its fiscal secon ...

HDFC Bank net profit up 20 percent, lags estimates
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Adani Group shares gain; seen benefiting from coal measures
Published on Tuesday, October 21, 2014 11:57 AM

 Market Eye - Adani Enterprises  gains 2 percent, while Adani Power is up 4 percent.

As part of the measures on coal allocations, India allowed state-run companies to retain captive coal mines.

Adani Group has contracts to develop and operate those mines with state-run firms.
...

Adani Group shares gain; seen benefiting from coal measures
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