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Core sector growth slows in July.
Published on Tuesday, September 2, 2014 6:18 PM

The growth of the eight core industries slowed in July, raising fears that Asia’s third biggest economy may fail to sustain the momentum from last quarter when it grew at the fastest pace in two and a half years. The core sector gauge which tracks production in eight key infrastructure industries rose 2.7 per cent in July weighed by con ...

Core sector growth slows   in July.
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Bajaj Auto sales up 8% in August
Published on Tuesday, September 2, 2014 4:08 PM

Bajaj Auto today reported 8 per cent increase in total sales in August at 3,36,840 units as against 3,12,188 units in the same month last year. Motorcycle sales during the month stood at 2,84,302 units as against 2,78,583 units in August 2013, the company said in a filing to the Bombay Stock Exchange.

Commercial vehicles sales were ...

Bajaj Auto sales up 8% in August
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Mumbai hit by power cuts
Published on Tuesday, September 2, 2014 5:15 PM

MUMBAI  - Power cuts hit large areas of Indian financial capital Mumbai on Tuesday following a technical glitch at an electricity generation unit, but back-up generators at banks and brokerages ensured that financial business was largely unaffected.

Tata Power Company Ltd  said the cuts, which began ...

Mumbai hit by power cuts
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Basel III deposit challenge looms over Islamic banks
Published on Tuesday, September 2, 2014 1:43 PM

By Bernardo Vizcaino

 As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

In most ways, Islamic banks look well-placed to cope with Basel III, which will ...

Basel III deposit challenge looms over Islamic banks
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TVS Motor sales up 46% to 2,27,482 units in August
Published on Tuesday, September 2, 2014 11:48 AM

Two-wheeler manufacturer, TVS Motor Company has reported a 46 per cent increase in its total sales at 2,27,482 units in August 2014. The Chennai-based company had sold 1,55,532 units in the same month last year, TVS Motor Company said in a filing to the Bombay Stock Exchange.

Total two-wheeler sales increased by 47 per cent to 2,17 ...

TVS Motor sales up 46% to 2,27,482 units in August
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Tata Motors August sales dips 18%
Published on Tuesday, September 2, 2014 11:02 AM

India’s leading automobile company Tata Motors Ltd on Monday announced that its total sales of Tata commercial and passenger vehicles (including exports) stood at 40,883 vehicles showing a decline of 18 per cent, as compared to 49,611 vehicles during the same period last year.

Further, the domestic sales of Tata commercial an ...

Tata Motors August sales dips 18%
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Cipla jumps 8.7 percent after key generic launch
Published on Tuesday, September 2, 2014 3:19 PM

 Market Eye - Shares in Cipla Ltd on Tuesday rose as much as 8.7 percent to a record high of 575 rupees after the drugmaker launched an anti-asthma inhaler in Germany and Sweden.

The inhaler is a generic version of GlaxoSmithKline Plc's  Advair.

Emkay Global upgraded the stock t ...

Cipla jumps 8.7 percent after key generic launch
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Govt seeks bids from banks to manage PFC, REC share sales
Published on Tuesday, September 2, 2014 9:51 AM

MUMBAI - The government on Monday invited bids from investment banks to manage planned share sales in state-run Power Finance Corp Ltd (PFC) and Rural Electrification Corp Ltd (REC), which could raise a combined $515 million.

The government, which owns 72.8 percent in PFC and 65.64 percent in REC, plans to se ...

Govt seeks bids from banks to manage PFC, REC share sales
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Balance of payments rises on robust dollar inflows
Published on Tuesday, September 2, 2014 10:40 AM

By Suvashree Choudhury and Neha Dasgupta

MUMBAI - India's balance of payments was in surplus for a third straight quarter in April-June, even though the current account deficit widened sharply from the previous quarter due to rising imports, data showed on Monday.

The balance of payments ...

Balance of payments rises on robust dollar inflows
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