The Week that was...

The earnings season kicked off with a high on better than expected earnings from Infosys and IndusInd Bank.

July 12, 2013 6:54 IST | India Infoline News Service
In corporate news, the deadlock at Bajaj Auto’s Chakan plant near Pune continues for the third week as the meeting with Maharashtra Labour Minister did not lead to any conclusion.

There seems to be no respite for pharma companies. Britain’s drug regulator MHRA has recalled 16 medicines of Wockhardt after finding deficiencies in its Waluj plant near Maharashtra, three days after it issued an import alert.

The earnings season kicked off with a high on better than expected earnings from Infosys and IndusInd Bank.

The important cues to watch for next week is inflation and import and export data for the month of June. In global cues, investors will keep a watch out for the US Federal Reserve Beige Book report, which includes a summary and analysis of current economic conditions in each district and sector.

Top Stories

Infosys Q1 FY14 cons net profit at Rs. 23.74bn

IT bellwether Infosys has reported an about 4% increase in consolidated net profit at Rs. 2,374cr for Q1 FY14 as against a Rs. 2,289cr in the same period last year. Consolidated revenue for the Bangalore-based firm is up 17.2% at Rs. 11,267cr from Rs. 9,616cr in the year-ago period...Read More

Also watch: Infosys Q1 FY14 Review

Infy, Wipro, TCS: How do the annual reports stack up?

Infosys global sales head Basab Pradhan quits

Bernanke on Lessons Learned, and Prospects for the Future

Federal Reserve Chairman Ben Bernanke didn't signal any changes in the Fed's bond-buying program, which has kept long-term interest rates low and encouraged more borrowing and spending. He has reserved his comments for July 17-19 when he will address the House of Representatives Financial Services Committee and Senate Banking Committee. Meanwhile, the minutes from the Fed's June meeting showed many of the 12 Fed voting officials saying they need to see further improvement in the job market before mulling winding down the stimulus program...Read More

IMF's 13 commandments to pull EU out of crisis

Europe sees 6% dip in number of financial institutions

Oil Min: Gas price to be capped at $6.8/unit

Petroleum Minister Veerappa Moily said the new gas price is $6.8 per mmbtu. The statement comes after being criticised in all quarters on its recent decision to double gas prices...Read More

Petronas to sell 10% stake in Canadian shale assets to IOC

Oil cos to buy dollars from single PSU bank: RBI

HPCL, Rajasthan ink pact for refinery, petrochemical complex

RIL stops KG-D6 gas supply to GAIL’s LPG plants

Bajaj Auto Chakan plant deadlock enters 19th day

The deadlock at Bajaj Auto’s Chakan plant near Pune has now entered the third week even as the meeting with Maharashtra Labour Minister did not lead to any conclusion...Read More

India Ratings revises down auto sector outlook after 6 yrs

Maruti Suzuki may axe 200 workers

Bajaj Auto launches Discover 125T

Ambani + Mahindra = Epic TV

There’s a niche entertainment channel coming up next month and it’s sure to create history given the kind of investors involved. First, the channel ‘Epic TV’ was in the news last year when ex-Walt Disney’s Mahesh Samat set up the company in October 2012...Read More

RIL arm approaches SAT against Sebi in insider trading case

Another RPL…this time it’s Reliance Properties

RPL is back and this time it’s not about Reliance Petroleum. Public memory is not really short and investors would well recall Reliance Petroleum has been amalgamated with Reliance Industries. The RPL this time is Reliance Properties. Reliance Communications announced a demerger of the real estate held by RCom into a separate unit, Reliance Properties...Read More

RCom realty demerger: IIFL retains sell on rich valuations

Reliance Capital sells its 39.5% stake in DTDC for Rs. 158cr

IndusInd Bank Q1 FY14 net profit up 42% YoY at Rs. 3.35bn

IndusInd Bank Q1 FY14 net profit is up 42% year-on-year at Rs. 3.35bn. It has come in higher than IIFL's expectations of Rs. 3.23bn. The bank's net interest income is up 40% while net non-performing assets is down to 0.21% in the period under review...Read More

IndusInd Bank a buy post its Q1 FY14 results: IIFL

Q1 FY14 review: IIFL Inst Eq maintains buy on IndusInd Bank

IndusInd Bank in race to buy RBS India retail assets

Infy beats street; Nifty closes above 6000

It was another day of stellar gains for the Indian equity market. The benchmark indices continued their upswing on day two on strong set of results by Infosys...Read More

No tension! GDP, IIP numbers post market hours only

IIFL sees Re at 61.70/$ in July 15-19 week

Rekha Jhunjhunwala buys 60 lakh shares in Kesoram Industries

Flipkart raises $200mn via private equity funding

Rupee recoups losses, recovers 1.7% from all-time low

The rupee has strengthened 3% gainst the dollar on Friday after the Reserve Bank issued a directive banning banks from proprietary trading in currency futures. RBI, Sebi moved in tandem through policy measures to arrest the slide in rupee which hit a bottom of 61.21/$ on Monday...Read More

Why is the rupee weakening?

See WPI inflation at 6% if Re averages 58/$ in FY14: Crisil

Weak Re drags down India’s economic confidence: Study

Hotels may switch to dollar rates for foreigners

Forex earnings from tourism up Rs. 551cr in June

Weak Re to hit unhedged, int’l debt-ridden India Inc: Crisil

May IIP down 1.6%; manufacturing down 2% YoY

The index for industrial productivity for May stands at 167.6, which is 1.6% lower as compared to the same level last year...Read More

News Infocus

Admiration more important than profits for India Inc: Study

Tata Consultancy Services has topped a Fortune, Hay Group study on India’s most admired companies...Read More

Rising input cost top concern for Asia-Pacific biz: Study

Nasscom, Tatva tie-up to help women in corporate space

Q2’13 biz optimism slips marginally to 75%: Grant Thornton

While global business optimism stands constant at 27%, Indian confidence slipped marginally to 75% in Q2 from 78% in Q1 of 2013 The economy recovered some pace in Q1 (5.5%) having supposedly 'bottomed out in Q4 2012, reveals Grant Thornton’s International Business Report, a quarterly global business survey of more than 3,200 businesses in 44 economies...Read More

Care Ratings: Current environment not conducive for infra

India Inc hiring sentiment stays cautious in June: Naukri

The Naukri Job Speak index at 1230, is 7% lower in June if compared to May. However, the index shows an increase of 2% when compared to June 2012...Read More

Students duck pvt jobs; turn to govt: VistaMind

5 in 6 Indians use coupons while shopping online: Study

A survey by online portal cuponation.in has found that 75% people shop online. Five out of six survey respondents have admitted to using coupons while shopping...Read More

MS Dhoni: Trending new case study topic in B-Schools

45% of cos fear more complex attacks on IT infra: Survey

How security policies can protect firms from cybercriminals?

‘Businesses favour external social tools for collaboration’

See no impact of cloud services on IT budgets: Credit Suisse

Vani Bajaj's 3 tips to fashion entrepreneurs

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