Vijaya Bank Q1 net jumps 21.9% to Rs 161.46 Cr
Published on Monday, July 28, 2014 6:27 PM
Leading medium sized public sector lender Vijaya Bank on Monday reported a growth of 21.9 per cent in its standalone net profit at Rs 161.46 crore for the first quarter ended June 30, 2014, helped by increase in net interest income. “The bank had posted the standalone net profit of Rs 132.46 crore in the corresponding period a year ago, ...
Dollar Tree to buy Family Dollar for $8.5 bln
Published on Monday, July 28, 2014 5:55 PM
Discount store chain Dollar Tree Inc said it would buy rival Family Dollar Stores Inc for about $8.5 billion, creating North America's biggest discount retailer. ...
Shares of Family Dollar, which has been under pressure from activist investor Carl Icahn to sell itself, rose almost 25 percent to $75.50 in premarket trad
L&T Q1 revenue $3.2 billion, beats analyst estimates
Published on Monday, July 28, 2014 5:35 PM
NEW DELHI/MUMBAI - Conglomerate Larsen & Toubro Ltd (L&T) reported a 10 percent rise in first-quarter revenue on Monday, reflecting a big increase in orders from international customers. ...
Revenue came in at 191.23 billion rupees ($3.2 billion) for the three months ended June 30, 10 percent higher
Havells India falls; depreciation, taxes weigh on earnings
Published on Monday, July 28, 2014 5:20 PM
Market Eye - Havells India Ltd falls 1.9 percent after April-June net profit lags estimates.
Additional depreciation due to changes in Companies Act and expiry of certain tax exemptions weighed on earnings, traders say.
(Reporting by Abhishek Vishnoi)
Hindustan Unilever sees no demand recovery though sales improve
Published on Monday, July 28, 2014 4:54 PM
By Nandita Bose ...
MUMBAI - Hindustan Unilever Ltd (HUL) sees no immediate sign of recovery in demand for consumer goods after a transport strike last year helped sales volume in April-June outgrow estimates for the first time in eight quarters.
HUL has been selling Rin detergent, Fair &am
Bank of Baroda gains; lower provisions help profits
Published on Monday, July 28, 2014 1:35 PM
Market Eye - Shares in Bank of Baroda gain 1.4 percent as April-June earnings at 13.62 billion rupees ($226.64 million) beat estimates. ...
Lower non-tax provisions and improved net interest income helped earnings, traders say.
Company executive says domestic net interest margin will reach
India's FII debt limit hike credit-positive, says Moody's
Published on Monday, July 28, 2014 11:51 AM
MUMBAI - India's measures to raise the investment limit for foreign institutional investors (FIIs) in government bonds is a positive for the country's credit profile since it will help stabilise domestic interest and currency rates, Moody's Investors Service said on Monday. ...
The credit rating
Foreign investors prefer Indian cyclicals, utilities - Macquarie
Published on Monday, July 28, 2014 12:03 PM
Market Eye - Macquarie says foreign ownership of BSE 200 index is steady at an all-time high of around 21 percent in June compared with May, with room to grow since unutilised portion is worth $152 billion for the index. ...
In April-June FIIs preferred cyclicals, while utilities gained 100 bp in overseas h
Reliance Power to buy Jaiprakash's hydropower business
Published on Monday, July 28, 2014 3:09 PM
NEW DELHI - Reliance Power Ltd will buy Jaiprakash Power Ventures Ltd's entire hydropower business, the companies said on Monday, in a deal that would make billionaire Anil Ambani's group the largest private hydropower provider in India. ...
Reliance CleanGen Ltd, which with Reliance Power is part of Amba