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After the government has showed its intentions of deregulating the prices of diesel in the Indian market several car makers are anxiously watching the government's move as a large chunk of the future strategy of the company will depend on the decision of the government. Experts are of a view that the price differential among the two i.e. petrol and diesel will decide how will the auto majors would like to launch their diesel models in the Indian market.

Part of the State Bank group, State bank of Mysore (SBM) has announced a 35 per cent increase in its net profit for the quarter ending June 30. In money terms, it is at Rs. 111.39 crore said the Bangalore-based bank.

The operating profit of the bank for the quarter was at Rs 269.96 crore that is 55 per cent higher than the same period for the last year. Most of the growth came from the growth in the net interest income that increased by 60.8 per cent.

In money terms that stood at Rs.386.15 crore.

National Stock Exchange (NSE) has launched a new volatility index. This would do the business on a real-time basis and will allow the investors to hedge their portfolios without getting involved with the risks related to this kind of investment.

It is for the first time that India is going to have such an index which will also deal with the details on a real time basis.

On Monday, one of India's leading private sector bank, HDFC bank said that it has seen a 34 per cent rise in its quarterly profit.

This is inline with the street estimates and has happened because of strong sales on the corporate and retail loan segment pushed by a fast growing Indian economy.

HDFC bank, which is also listed on New York has seen a 40 per cent growth in the field of gross advance during the April-June quarter as compared to the same quarter during last year. In money terms , it stood at $31 billion.

Knowledge-based outsourcing firm, PharmARC Analytics Solutions Ltd is looking forward to hit the markets for raising fresh capital. The KPO has till now been funded by private equity firm, Baring.

PharmARC focuses in the pharmacy and the health care vertical and wants to use the capital for further growing itself. Talking to private VC magazine, VC Circle the company said that it is ready for stake sales or multiple sources if and when the need arises.

India stock markets ended on a choppy session to finally end in the end on Monday. Lack of support from the global counterparts was the reason behind this followed.

While the capital goods gained the banking index was offsetting the losses and so was the situation in the FMCG and the reality stocks as well.

In the morning the markets showed a subdued trend and moved in a very narrow range. The attempts were made to pull up the markets but they became weak as the European markets did very lit to push up the sentiments.