TOP CORPORATE NEWS
·
Bharti Airtel Q3 net up 4.5%, hit
by tax provision
Bharti Airtel reported 4.55 percent growth in third quarter net
profit quarter-on-quarter, impacted by exceptional loss on tax provisions.
Year-on-year growth in profit was 115 percent.
·
RBI credit Policy: Repo rate up by
25 bps to 8%, CRR intact
In its third quarter review of monetary policy, the Reserve Bank
of India (RBI) hiked repo rate by 25 basis points to 8 percent. The reverse
repo rate now stands adjusted at 7 percent, while the marginal standing
facility (MSF) rate and the Bank Rate at 9 percent. Cash Reserve Ratio or CRR
has been left unchanged at 4 percent.
·
Maruti Q3 beats forecast, net up
1.6%; to expand in Gujarat
Maruti Suzuki surpassed street expectations with the third
quarter net profit rising 36 percent year-on-year, driven by strong operational
performance, higher localisation and favourable forex. Quarter-on-quarter
growth was 1.6 percent.
·
NTPC Q3 net profit at Rs28612.80mn
NTPC Ltd has posted a net profit of Rs. 28612.80 mn for the
quarter ended December 31, 2013 as compared to Rs. 25967.60 million for the
quarter ended December 31, 2012. Total Income has increased from Rs. 165410.40
mn for the quarter ended December 31, 2012 to Rs. 195540.70 million for the
quarter ended December 31, 2013.
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