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ITC misses estimates with Q4 net profit of Rs2,361 crore
Fri, May 22 2015. 07 49 PM

ITC misses estimates with Q4 net profit of Rs2,361 crore

Sales came in at Rs9,188 crore, more or less in line with last year’s Rs9,145 crore
Rupee ends up 0.19% against dollar
Fri, May 22 2015. 06 37 PM

Rupee ends up 0.19% against dollar

The rupee closed at 63.52, up 0.19% against the dollar from its previous close of 63.64
No RBI nod required for FDI
Fri, May 22 2015. 05 32 PM

No RBI nod required for FDI

The central bank clarified that an Indian company receiving funds through the foreign direct investment route would not need its prior approval
SBI Q4 profit jumps 23% on strong treasury gains, lower provisioning
Fri, May 22 2015. 04 51 PM

SBI Q4 profit jumps 23% on strong treasury gains, lower provisioning

However, bad assets may not have improved much as the lender did huge restructuring and sold a chunk of its assets to ARCs
Live: Sensex up 165 points, Punj Lloyd gains 12% after results
Fri, May 22 2015. 04 50 PM

Live: Sensex up 165 points, Punj Lloyd gains 12% after results

Here are the key developments affecting the domestic and international markets today
Sebi picks Narayana Murthy to head panel on startup funding platform
Fri, May 22 2015. 03 35 PM

Sebi picks Narayana Murthy to head panel on startup funding platform

AIPAC will devise policy and rules for the new platform, and is modeled after other regulatory panels that advise Sebi on capital market policies
Asia’s fastest growing cities aren’t all in China; they’re in India
Fri, May 22 2015. 02 26 PM

Asia’s fastest growing cities aren’t all in China; they’re in India

Delhi will be the fastest growing city in Asia over the next five years, according to Oxford Economics
Britannia shares rise 12% after profit surges in Q4
Fri, May 22 2015. 02 15 PM

Britannia shares rise 12% after profit surges in Q4

Britannia reported a 54.7% jump in its net profit in the March quarter from the year-ago period, to Rs167.36 crore
Tata Steel shares fall 5% as Q4 results disappoints
Fri, May 22 2015. 01 50 PM

Tata Steel shares fall 5% as Q4 results disappoints

Liquidity and credit continue to be a challenge for our customers, said T.V. Narendran, MD, India and South East Asia of Tata Steel
IPL betting case: ED conducts searches in Delhi, Mumbai, Jaipur
Fri, May 22 2015. 01 21 PM

IPL betting case: ED conducts searches in Delhi, Mumbai, Jaipur

Sources say about 8-10 premises in these cities are being covered during the searches by the Enforcement Directorate

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