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http://www.moneycontrol.com
http://www.moneycontrol.com
SBI tanked more than 3 percent. Morgan Stanley is worried about State Bank of India's bad loan and has reduced target price to Rs 115 per share, implying 36 percent downside. It has also cut earnings per share (EPS) by 28-35 percent.
Global shares appear to be in the midst of a relief rally, which could go on for a bit more, but traders should tread with caution on the long side, says CNBC-TV18 Consulting Editor Udayan Mukherjee.
Ipca Labs already voluntarily suspended shipments of its APIs and formulations for the US market till USFDA inspection observations are resolved.
After its mega disinvestment plan appears to have come a cropper in fiscal year 2015-16, the government is expected to set out a more realistic target of Rs 40,000 crore in fiscal year 2017, sources have told CNBC-TV18.
It was impacted not only by weak exports but also by low sales of mini (Alto, WagonR) and Compact cars (Swift, Ritz, Celerio, Baleno and Dzire).
Indian manufacturing sector growth rose to a four-month high in January driven by rising inflows of new business orders from domestic as well as export clients, says a Nikkei survey.
According to Morgan Stanley, SBI's capital needed till FY19 is Rs 45000 crore, implying annual capital raises, which will be tough for the bank.
The street is very worried about order inflows and Middle East exposure. On both counts, LT has delivered decent numbers in Q3. Further, it has broadly maintained guidance on revenues and margins.
Bank shares have remained a pain point for the stock market over the past one year -- beset by NPA issues and weak credit demand -- and the pain is likely to continue for a while, says Andrew Holland of Ambit Investment Advisors.
A senior Congress leader, who declined to be identified, said talks with other "like-minded" parties was almost a certainty ahead of the session. The government is set to take a decision this week on the schedule of the session, which is likely to begin on February 23.
Embattled Sahara conglomerate has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed.
According to a Citi report, RBI is likely to keep key policy rates unchanged until the budget and go for a 0.25 percent easing in March or April this year.
US regulator conducted inspections in oral solid facilities of Aurobindio - Unit 3 and Unit 7. While the Unit 3 was cleared with no form 483 for observations, Unit 7 saw few observations from the regulator.
According to Deloitte, nearly USD 120 billion will come from the private sector. The government has already initiated two programmes with an initial outlay of USD 7.513 billion for 'Smart Cities Mission' and the 'Atal Mission for Rejuvenation of Urban Transformation (AMRUT)' for the upgradation of 500 existing cities.
With fuel prices down by two-thirds from the dizzying heights of mid-2014, when oil topped USD 100 per barrel, the once cash-strapped airline industry is now reaping record profits. Increased competition also have helped coax down once stubbornly high fares, the experts say.
The Moto X Force will be the most premium Motorola phone in the Indian market since its re-entry to the Indian market.
An email was sent to staff on Friday detailing the latest cost-saving measures, according to the sources who spoke on condition of anonymity.
The state government had formed the three-member committee last year to probe 'Putrajeevak Beej', an ayuvedic product which allegedly promises a male child.