Prefer Eicher Motors for long term: Sandeep Shah

Sandeep Shah of Motilal Oswal Private Wealth Management is of the view that one may prefer Eicher Motors for long term. Sandeep Shah of Motilal Oswal Private Wealth Management told CNBC-TV18, " Divis Laboratories has a fairly strong cramp business...

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Buy oil gas stocks on corrections: Sandeep Shah

Sandeep Shah of Motilal Oswal Private Wealth Management is of the view that one may buy oil & gas stocks on corrections. Sandeep Shah of Motilal Oswal Private Wealth Management told CNBC-TV18, "In oil & gas the structural story is clearly...

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Stay invested in HDFC Bank, IndusInd Bank: Sandeep Shah

Sandeep Shah of Motilal Oswal Private Wealth Management is of the view that one may stay invested in HDFC Bank and IndusInd Bank. Sandeep Shah of Motilal Oswal Private Wealth Management told CNBC-TV18, "We continue to remain bullish on the private...

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Goldman inks $1.2-bn deal over US bond claims

The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement yesterday with the Wall Street powerhouse. Goldman Sachs has agreed to a settlement worth USD 1.2 billion to resolve claims that it misled US mortgage...

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Buy ONGC, says CK Narayan

CK Narayan of Growth Avenues is of the view that one may buy Oil and Natural Gas Corporation. CK Narayan of Growth Avenues told CNBC-TV18, "Oil and gas clearly is one of the spaces alongside with banking. I think banking will surely contribute significantly...

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Buy HDFC on declines, says CK Narayan

CK Narayan of Growth Avenues advises buying Housing Development Finance Corporation at lower levels. CK Narayan of Growth Avenues told CNBC-TV18, " ITC and  Housing Development Finance Corporation (HDFC) from a market perspective two completely...

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Buy Sun Pharmaceuticals, Lupin: Sandeep Shah

According to Sandeep Shah of Motilal Oswal Private Wealth Management, one may buy Sun Pharmaceuticals and Lupin. Sandeep Shah of Motilal Oswal Private Wealth Management told CNBC-TV18, "If you continue to own  Sun Pharmaceutical and  Lupin...

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Forex reserves rise by $ 43.3 m to $ 319.3 bn

Reserves had fallen by USD 643.3 million to USD 319.347 billion in the week to August 8, while it had dropped by USD 573.5 million to USD 319.99 billion in the week to August 1 after touching close to the life-time high of USD 321 billion in the previous...

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Raghuram Rajan, Nachiket Mor deserve better

I  have so far resisted commenting on other journalists and their views but this once I am violating myself given rule. The myriad articles accusing RBI governor Raghuram Rajan of bringing his school fellow and friend Nachiket Mor into the RBI as...

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Central and east Gujarat expected to receive rain in next 2 to 3 days

There seems some respite for the people of Gujarat observing dry weather for the last 4 to 5 days. According to Skymet Meteorology Division in India, rain is expected in central and east Gujarat in the next 2 to 3 days. Northern and western parts will...

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Modi for impetus to exports, promotion councils for states

The states will soon be allowed to form their own Export Promotion Councils, Prime Minister Narendra Modi said today as he underscored the need for the Centre and states to work in tandem to give a fresh thrust to exports. He also stressed upon the need...

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Sun Pharma unit recalls mutiple lots of capsules from US

The recalled drug bottles were distributed by Caraco Pharmaceutical Laboratories, Ltd in the US while manufactured in India by Sun Pharmaceutical Industries Ltd. Caraco Pharmaceutical Laboratories, a unit of Sun Pharma , has initiated a recall of...

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Chlorophyll: Creating brands for the digital world

Brand consultancy Chlorophyll celebrated its 15th anniversary. Setup in 1999 by Kiran Khalap, Anand Halve & Madan Bahal, Chlorophyll has worked on prominent brands including Unilever, Mahindra Two Wheelers & Meru Cabs. Storyboard caught up with...

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Low growth, high inflation not acceptable: Arun Jaitley

Jaitley was speaking at a BJP forum meeting here, his second engagement in the nation's financial capital after becoming the finance minister. Finance Minister Arun Jaitley Saturday said the current situation of high inflation and low growth has to...

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Welspun to invest Rs 15K cr in solar, wind energy segments

Welspun Group, one of the largest domestic solar power producers, is betting big on the sector and has plans to invest Rs 15,000 crore to take its capacity to 1.75 GW over the next three years. The city-based diversified company, which is also the world's...

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MERC grants 25-yr power distribution licence to Tata Power

In a major decision, state electricity regulator Maharashtra Electricity Regulatory Commission (MERC) has granted 25 years distribution licence to  Tata Power for supplying power in city and suburban areas. MERC in its order has allowed Tata...

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Amid increasing competition, Apollo says hold market share

Apollo Tyres  has obtained an enabling resolution to raise USD 200 million and will look to fuel its growth through the organic route, Neeraj Kanwar, vice chairman and managing director of the firm has said. Also read: How the Apollo, Cooper Deal...

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What's riding on Tata Zest?

Tata Motors finally launched the much awaited Zest this week. The compact sedan is the company's first new passenger vehicle in four years and also the first to be launched under its new strategy to turnaround the company's weak domestic business. Animesh...

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Talking creativity with FCB's Jonathan Harries

FCB's Vice Chairman and Global Chief Creative Officer, Jonathan Harries was in the country this week. He spoke with Storyboard Editor Anant Rangaswami on setting a global benchmark for creatives in a network, the necessity of right brain and left brain...

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Skymet forecasts good showers for TN AP after 48 hours

A cyclonic circulation is likely to come up over south coastal Andhra Pradesh and adjoining Bay of Bengal region. The northeast-southwest trough extending from south Chhattisgarh to north Tamil Nadu is expected to move further inwards. As a result,...

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Godrej Ind Q1 profit up 46% on strong operating performance

"Despite delayed monsoon, agri businesses registered sustained momentum in revenues and marked improvement in profitability while Godrej Properties reported healthy financial performance during the quarter with revenues and net profit growing by 49 percent...

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Tata Steel shuts Odisha plant due to raw material crunch

The suspension of operations at Sukinda and Bamnipal would mean more than 6,000 job cuts, the company said. Tata Steel  Ltd has shut down one of its ferro alloys plants in Odisha due to a raw material shortage linked to the suspension of a mining...

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Gold tumbles by Rs 340 on fall in demand, global cues

In Delhi, gold of 99.9 and 99.5 per cent purity plunged by Rs 340 each to Rs 28,760 and Rs 28,560 per 10 grams, respectively. Snapping a three-day rising streak, gold prices tumbled by Rs 340 to Rs 28,760 per 10 grams in the national capital today...

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CBI investigates IDBI Bank loan to Kingfisher Airlines

The CBI has registered a preliminary enquiry registered against IDBI Bank for sanctioning a loan to debt-laden Kingfisher Airlines. The investigating agency is enquiring as to how the bank approved a Rs 950 crore loan to Kingfisher Airlines considering...

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Repco Home Finance Q1 net profit rises 11.2%

It had stood at Rs 22.31 crore during the year ago period, Chennai-based Repco Home Finance said in a statement. For the financial year ending March 31, 2014, net profit stood at Rs 110.10 crore. Repco Home Finance  has registered a 11.2 percent...

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Dena Bank Q1 net slips 57% on lower other income, NPA jumps

Asset quality of the bank deteriorated with the gross non-performing assets (NPA) rising 151 basis points year-on-year (up 88 bps quarter-on-quarter) to 4.21 percent and net NPA increasing by 120 basis points on yearly basis (up 59 bps sequentially)...

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Adani Ent turns corner, Q1 net at Rs 557 cr; revenue up 43%

Gujarat-based Adani Enterprises , which is engaged in the businesses of power, ports, agro and trading, has turned profitable with the first quarter consolidated net at Rs 556.7 crore on strong revenue growth and operational performance and despite exceptional...

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Eicher Motors' Q2 profit may double to Rs 184 cr: Edelweiss

Edelweiss estimates Eicher Motors' revenues to grow 31 percent year-on-year. "Revenue growth is expected to be driven by a sharp 87 percent YoY volume growth in Royal Enfield and 4 percent volume growth in commercial vehicles," it says. Moneycontrol...

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'Will intervene when innocents are facing massacre'

President Barack Obama today said the US would intervene everytime it could to prevent "massacre of innocent people", justifying his decision to carry out targeted airstrikes in Iraq against Islamist militants. "The US cannot and should not intervene...

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13th Meeting of the FSDC Sub Committee - New Delhi

A meeting of the Sub Committee of the Financial Stability and Development Council (FSDC) was held today in New Delhi. Dr. Raghuram G Rajan, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by Dr. Arvind Mayaram, Finance...

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