BS Reporter
BS Reporter
Page 538 - Bs Reporter/workspace/business Standard Web/video
Maruti Suzuki net jumps 42% on record sales
Posts Rs 1,226 cr profit; net sales up by 13% to Rs 13,575 cr
 "Maruti Suzuki net jumps 42% on record sales")
States to offload 82,000 tonnes of confiscated pulses into markets
Move expected to cool retail prices before Diwali
 "States to offload 82,000 tonnes of confiscated pulses into markets")
Axis Bank net profit up 19%
Asset quality remained largely stable with GNPA remaining flat on a sequential basis at 1.38%
 "Axis Bank net profit up 19%")
BoB: RBI may invoke bilateral pact for info from Hong Kong
RBI scanner on loopholes in systems at BoB
 "BoB: RBI may invoke bilateral pact for info from Hong Kong")
'Phase-III radio auction players to see payback period of 7-9 years'
Payback period means the time required for the amount invested in an asset to be repaid by the net cash outflow generated by the asset
 "'Phase-III radio auction players to see payback period of 7-9 years'")
Rules, rain and fake cigarettes hit tobacco growers
Illegal cigarettes, excessive regulation and poor monsoon are hurting them
 "Rules, rain and fake cigarettes hit tobacco growers")
Gujarat plant: Maruti to seek minority shareholders' nod
The proposed plant had faced resistance from a section of shareholders who objected to certain clauses related to the pricing of the cars to be manufactured at the plant
 "Gujarat plant: Maruti to seek minority shareholders' nod")
Cairn-Vedanta merger deal not to be reworked
There was speculation that the deal may be reworked for minority shareholders' satisfaction
 "Cairn-Vedanta merger deal not to be reworked")
Lupin's profit down 35%
Earnings of Lupin have been hurt in recent quarters by a slowdown in the pace of approvals to launch new drugs, afLer the US FDA overhauled the review process
 "Lupin's profit down 35%")
Vedanta net drops 41% on low commodity prices
Revenues drop 16% to Rs 16,349 crore on account of fall in crude oil and metal prices
Kanoria Chemicals & Industries re-enters textile business
In talks with garment firms to sell denim from its Ethiopian plant
 "Kanoria Chemicals & Industries re-enters textile business")
Airtel, Eaton seal tower sale deal in Burkina Faso
As part of the deal, Eaton Towers has acquired 2,500 towers from Airtel in four countries
 "Airtel, Eaton seal tower sale deal in Burkina Faso")
India tops China, becomes biggest gold consumer
India's jewellery consumption in Sept quarter increases 5% to 193 tonnes, the highest quarterly consumption since the March quarter of 2011
 "India tops China, becomes biggest gold consumer")
Canada pension body sets up shop in India
Plans to double India allocation
 "Canada pension body sets up shop in India")
IndiGo IPO subscribed 86% on Day-1
Institutional investor segment sees nearly three times demand
 "IndiGo IPO subscribed 86% on Day-1")
Sebi plans new rules for rating agencies
The regulator might also prescribe rules for fund houses to avoid concentration risks in a single debt security
 "Sebi plans new rules for rating agencies")
Govt to award 100 highway projects in PPP mode next year
According to new norms, land acquisition and environment clearances would be handed over to the private contractor prior to commencement of project
 "Govt to award 100 highway projects in PPP mode next year")
RBI to notify sovereign gold bond scheme soon
Apart from bonds, other schemes include gold monetisation and selling of gold coins
 "RBI to notify sovereign gold bond scheme soon")