NEW DELHI/BENGALURU Four unidentified men attacked the chief of India's largest state-owned steel firm, Steel Authority of India Ltd, with iron bars as he was driving home in a violent assault that he said on Thursday appeared linked to business dealings.
BENGALURU India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy.
MUMBAI/BENGALURU State Bank of India (SBI) joined its peers in flagging concerns about tough domestic economic conditions and the stress the auto sector is under, as the country's largest lender by assets missed expectations for quarterly profit.
* SBI shares down 2.7% after results
(Adds details from call, executive comments)
July 26 Indian shares edged lower for a seventh
straight session on Friday, with losses in energy and mining
shares outweighing gains in large cap finance stocks.
July 25 Indian shares rose on Thursday after
five sessions of losses, buoyed by gains in financial and
pharmaceutical stocks, while telecom tower operator Bharti
Infratel Ltd hit a near four-week high after a strong
July 24 Indian shares were on track for their
worst losing streak since mid-May on Wednesday amid
disappointing corporate earnings and after the International
Monetary Fund (IMF) cut its annual growth forecast for the
July 23 Indian shares inched higher in volatile
trade on Tuesday as a weaker rupee boosted IT stocks, but
lacklustre earnings from large cap companies capped gains.
MUMBAI/BENGALURU Kotak Mahindra Bank Ltd reported a 32.7% jump in its first-quarter profit on Monday, but its results fell marginally shy of estimates and it became the third private-sector Indian bank in a row to sound a cautionary note about the slowing pace of domestic growth.
MUMBAI/BENGALURU, July 22 Kotak Mahindra Bank
Ltd reported a 32.7% jump in its first-quarter profit
on Monday, but its results fell marginally shy of estimates and
it became the third private-sector Indian bank in a row to sound
a cautionary note about the slowing pace of domestic growth.