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FDI norms simplified: Composite cap on overseas investment notified

India Infoline News Service | Mumbai | July 30, 2015 21:06 IST

Insurance, pension, retail and pharmaceuticals are set to be the beneficiaries following the introduction of composite cap in the FDI policy; foreign portfolio investors can invest up to 49% under automatic route in these sectors.

Top News of the day

India Infoline News Service | Mumbai | July 30, 2015 18:23 IST

ITC Ltd has posted a net profit of Rs. 22654.40 mn for the quarter ended June 30, 2015 as compared to Rs. 21863.90 million for the quarter ended June 30, 2014.

Top insurance news of the day- July 30, 2015

India Infoline News Service | Mumbai | July 30, 2015 18:22 IST

National reinsurer GIC RE is hopeful of collecting Rs. 100 crore premium form the recently launched nuclear insurance pool this financial year.

Top mutual fund news of the day- July 30, 2015

India Infoline News Service | Mumbai | July 30, 2015 18:19 IST

Tata MF has approved the merger of Tata MIP Plus Fund with Tata Retirement Savings Fund - Conservative Plan, w.e.f. August 28.

Moody's expects RBI to cut rate

India Infoline News Service | Mumbai | July 30, 2015 18:17 IST

Moody's reportedly said there is room for rate cut and expressed hope that the central bank would reduce it by 0.25 per cent to push growth

See less slippages in the steel cos: OBC

India Infoline News Service | Mumbai | July 30, 2015 18:06 IST

The bank is hopeful that in the coming quarters, there will not be any slippages from the steel companies because of the various measures the government has taken.

Essel Propack Q1 net profit jumps 45.7%

India Infoline News Service | Mumbai | July 30, 2015 18:05 IST

The consolidated revenue from global operations during the quarter was up at Rs. 574.6 crore, as against Rs. 548.7 crore in Q1FY15.

See pressure on Q2 but eyes 6-10% volume growth in FY16: Dabur

India Infoline News Service | Mumbai | July 30, 2015 18:02 IST

The company sees that with the festive season starting from Q3, the first half of the fiscal will be under pressure but on annualised basis, the volume growth will be within the range of 6-10 percent.

Gujarat Pipavav Q1 net profit at Rs. 80.4 crore

India Infoline News Service | Mumbai | July 30, 2015 17:59 IST

The total income stands at Rs. 184.6 Crore.

Top Economy News of the day

India Infoline News Service | Mumbai | July 30, 2015 17:31 IST

Mobile telephony services may have been given the status of essential services in 2013, but telecom operators continue to battle cell site closures across India.

LIC reduces stake in Maruti to 6.22%

India Infoline News Service | Mumbai | July 30, 2015 17:27 IST

A report says that LIC has sold 61,31,781 shares over a period of two years between May 17, 2013 and July 29, 2015 in the open market.

TVS Motor advances on future growth plans

India Infoline News Service | Mumbai | July 30, 2015 17:22 IST

The company plans to launch three new models - a new four-stroke Moped, a new TVS Victor and Apache 200cc, in the next six months.

Dr.Reddy's Laboratories surges 5% on Q1 results

India Infoline News Service | Mumbai | July 30, 2015 17:20 IST

The Group has posted a net profit of Rs. 6256.50 million for the quarter ended June 30, 2015 as compared to Rs. 5503.90 mn for the quarter ended June 30, 2014.

Greaves Cotton Q1 revenue at Rs. 381 crore

India Infoline News Service | Mumbai | July 30, 2015 17:20 IST

EBIDTA Margin for the year improved to 16.4% in Q1 FY16from 11.1% of Q1 FY15.

Maggi instant wipeout! Crisis leads to first ever-quarterly loss for Nestle

India Infoline News Service | Mumbai | July 30, 2015 17:08 IST

IIFL believes that the Maggi issue does not have a material impact on the fair value of the company though concerns remain about other structural issues. The cost of production and of recalling and destroying Maggi has been pegged at Rs4.5bn, which has been shown as exceptional item. Thus, individual P&L expense heads are lower to that extent and therefore are not strictly comparable.

Castrol India slips 0.5% despite 48% growth in Q1

India Infoline News Service | Mumbai | July 30, 2015 17:04 IST

The company posted 48.3 percent growth in June 2015 quarter net profit at Rs. 184 crore when compared with Rs. 124 crore in the corresponding quarter a year ago.

Strides Arcolab jumps; clocks heavy profit in Q1

India Infoline News Service | Mumbai | July 30, 2015 17:02 IST

The company's Q1FY16 net profit more-than-doubled to Rs. 41.86 crore when compared with Rs. 18.99 crore in Q1FY15.

Nestle India climbs 2.5% despite loss in Q2

India Infoline News Service | Mumbai | July 30, 2015 16:59 IST

The company incurred a net loss of Rs. 64.40 crore in the quarter ended June 2015 when compared with a net profit of Rs. 288 crore in the corresponding quarter a year ago.

Fed meet outcome: What does the fineprint indicate?

India Infoline News Service | Mumbai | July 30, 2015 16:58 IST

For now, Fed has retained interest rates at near-zero level, which has now been at a record low for six-and-a-half years. The US central bank's decision to cut the rate to such a low level in December 2008 was aimed at boosting growth in the economy amid the global financial crisis.

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Recent Reports

Revival some time away

India Infoline Research Team / 10:30, Jul 13, 2015

Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14

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