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Insurance firm valuations remain an enigma: CII-Towers Watson study

It noted insurers remain upbeat about the sector's prospects

June core sector growth slows to 3%

Partly due to higher base of last year; oil and gas output falls

April-June fiscal deficit at 51.6% of FY16 estimates

Total revenue receipts for April-June 2015 stood at Rs 1.41 lakh cr, or 12.4 per cent of the full-year target of Rs 11.41 lakh cr

Govt plans to close down Mahila Bank

Finance ministry to approach Cabinet in a month with such a proposal

Suzlon reports Rs 1,047-cr net

ICICI Bank net profit up 14%

Net profit increased to Rs 3,232 cr in the April-June quarter from Rs 2,832 cr in the corresponding quarter a year ago

Sarma director of L&T, CEO of hydrocarbon subsidiary

Hydrocarbon segment recorded a revenue of Rs 2,207 crore in the first quarter registering a growth of 42%

Shriram Transport Finance net rises 4.79%

The net interest income during the same period stood at Rs 1,150.67 crore recording a growth of 18.92%

Retail loans lead to bank credit growth

All banks which have have reported their April-June quarter numbers so far have said the growth in advances has been mainly coming in from the retail book

Cholamandalam Investment Q1 profit up 18%

Profit rises to Rs 110.25 crore; net income margin up 25 %

Rajendra Srivastava next ISB dean

Srivastava currently provost and deputy president (academic affairs) and professor of marketing at Singapore Management University

Karur Vysya Bank Q1 net up 10.24% to Rs 134 cr

Bank's total income up by 3.83% to Rs 1,518.50 cr

NIIF to be operational by Dec

Will function as sovereign wealth fund, arm's length from govt, says MoS Jayant Sinha

Banking stocks lead biggest market gain in 30 sessions

Government's capital infusion announcement, positive results help buoy sentiment

ABG Shipyard allots Rs 7.73 lakh to CDR lenders as part of debt recast package

Company to allot shares at a price of Rs 275.92 each on preferential basis

CESC to invest Rs 3000 crore in 500 MW renewable energy

Has reported a near-flat net profit of Rs 152 crore in the quarter ended June

Odisha may get SBI Caps, MSTC for mine auction

The central mines ministry had asked state govts to expedite auction of mineral blocks, recommended SBI Caps

Bharati Shipyard board okays name change to reflect focus on defence sector

Board also approves issuance of convertible warrants to lenders