Mumbai

Katrina Kaif not replaced as Veet brand ambassador

Katrina Kaif not replaced as Veet brand ambassador

Mumbai: Katrina Kaif has not been replaced by young actress Shraddha Kapoor as the brand ambassador for Veet hair remover, according to the company spokesperson.

Shraddha has been roped in to be part of an advertisement campaign but Katrina remains as the product's face.

"Our association with Katrina is the most vital one as she leads innovation and equity on the brand. As per the current plan in April we release a big news on celebration 10 years. The media is very well aware that she (Shraddha) is the addition to the roaster for the brand and is in not a replacement," a spokesperson for Veet said.

Katrina, 31, has been endorsing the product for seven years now.--PTI

Rupee rises 7 paise to 62.12 against dollar in early trade

Rupee rises 7 paise to 62.12 against dollar in early trade

Mumbai: The rupee strengthened by seven paise to 62.12 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market on selling of the American currency by exporters.

Forex dealers said gains made by other currencies against the US dollar overseas and a higher opening in the domestic equity markets also supported the rupee.

The rupee had ended 12 paise higher at 62.19 against the dollar in the previous session on Friday on the back of selling of the US currency by banks and exporters.

Meanwhile, the benchmark BSE Sensex rose by 131.93 points, or 0.45 percent, to 29,226.86 in early opening trade.--PTI

Sensex surges 132 points on buying by funds, better earnings

Sensex surges 132 points on buying by funds, better earnings

Mumbai: Continuing its upward journey for the fifth consecutive session, the benchmark BSE Sensex gained 132 points in early trade on Monday as funds and retail investors enlarged positions on hopes of pro-growth Budget and better third quarterly earnings by some bluechip companies.

Besides, a firming trend at other Asian markets buoyed trading sentiments here.

The 30-share index was trading higher by 131.93 points, or 0.45 percent, at 29,226.86 with all the sectoral indices, led by realty, metal, oil & gas and banking, leading the rise.

The gauge had gained 867.54 points in the previous four sessions.

Also, the National Stock Exchange index Nifty shot up by 34.90 points, or 0.40 percent, at 8,840.40.

Mumbai civic body demolishes ramp outside actor Shah Rukh Khan's house

Mumbai civic body demolishes ramp outside actor Shah Rukh Khan's house

Mumbai, Feb 14 : Residents living near Bollywood star Shah Rukh Khan's residence in Mumbai rejoiced after the city's main civic body demolished an illegal ramp outside his house, which was causing inconvenience to commuters.

As per reports, Brihanmumbai Municipal Corporation (BMC) workers and police reached Khan's residence, known as 'Mannat', in Bandra early on Saturday morning to raze the ramp.

The illegal ramp was constructed by Khan and closed off access to the lane adjoining the house, causing hindrance to residents.

Residents were perturbed as they were not being allowed to use that lane to go to Mount Mary's Church.

Sensex regains 29K-mark, Nifty tops 8800 level after SBI results boost

Sensex regains 29K-mark, Nifty tops 8800 level after SBI results boost

Mumbai - The benchmark Sensex gained 289.83 points to reclaim 29,000 mark and Nifty jumped 94 points to end above 8,800 level Friday on stellar SBI earnings, rising hopes of a pro-growth budget and positive global cues.

Logging their fourth successive session of gains, benchmark indices wrapped up the week in style after ending in the red for the preceding two weeks.

Shares of FMCG, healthcare, banking, auto and metal sectors were the major gainers of the day.

Country's largest public sector lender SBI today reported over 30 percent jump in net profit December quarter. Its shares zoomed nearly 8 percent, adding about 86 points alone to Sensex's 289.83 point surge.

M&M posts Q3 net profit of Rs 930.32 crore

M&M posts Q3 net profit of Rs 930.32 crore

Mumbai - Home-grown auto major Mahindra & Mahindra on Friday reported a consolidated net profit of Rs 930.32 crore for the third quarter ended December 31, 2014.

M&M had posted a consolidated net profit of Rs 1,230 crore in the same period last fiscal.

Its revenue stood at 18,371.91 crore in the latest quarter, as against 20,679.92 crore in the same period last fiscal, the company said in a regulatory filing.

The company said the figures are not comparable from the year-ago levels due to the merger of its associate companies.

Reliance Infrastructure signs MoU with US-based Innovari Inc

Reliance Infrastructure signs MoU with US-based Innovari Inc

Mumbai - Reliance Infrastructure has signed an agreement with US-based Innovari on expanding Automated Demand Side Management (ADSM).

The MoU, inked during US President Barack Obama's visit to India, will reduce power purchase for Reliance Infrastructure and ensure reduction in carbon footprints for consumers, Reliance Infrastructure said in a BSE filing.

"This further extends the existing strong business relationship between Reliance Group and companies from the United States such as Caterpillar, Bucyrus, Atlas Copco, Forst Solar, etc in areas of solar power, power generation equipment, LNG imports, coal mining, and entertainment," Group President, Corporate Affairs, A Sethuraman said.

SBI Q3 Net surges 30% on improved income; shares soar 6.8%

SBI Q3 Net surges 30% on improved income; shares soar 6.8%

Mumbai - Improvement in asset quality and high interest income pushed State Bank of India's net profit in December quarter by 30 percent to Rs 2,910 crore, boosting the shares of country's largest lender by 6.8 percent.

The bank had reported a net profit of Rs 2,234 crore in the October-December quarter of previous fiscal, SBI said in a statement.

The gross non-performing assets (NPAs) as a percentage of total advances came down to 4.90 percent at the end of third quarter from 5.73 percent in the year-ago period while net NPAs stood at 2.80 percent.

During the quarter, the net interest income increased by 9.20 percent to Rs 13,777 crore as against Rs 12,616 crore in the October-December period of last fiscal.

SpiceJet shares down 4% as Q3 loss widens

SpiceJet shares down 4% as Q3 loss widens

Mumbai: Shares of budget airline SpiceJet today fell by 4 percent after the company reported widening of net loss by a steep 59 percent during the third-quarter at Rs 275 crore.

The stock went down by 3.99 per cent to Rs 19.25 at the BSE.

The company announced its results post market hours yesterday.

In the middle of an ownership change, SpiceJet had yesterday reported a steep 59 percent rise in third-quarter net loss at Rs 275 crore on lower passenger numbers and a one-time cost of Rs 295 crore.

Sensex rises for 4th straight session, up 110 points

Sensex rises for 4th straight session, up 110 points

Mumbai: Continuing its rising streak for the fourth consecutive session, the benchmark BSE Sensex gained over 110 points in early trade Friday on the back of a firming trend in global market.

However, discouraging IIP and retail inflation data, limited the gains.

The 30-share barometer moved up by 110.17 points, or 0.38 percent, to 28,915.27 with healthcare, realty, metal, consumer durables, FMCG and banking sector stocks, leading the rally. The gauge had gained 577.71 points in past three sessions.

On similar lines, the National Stock Exchange index Nifty rose by 39 points, or 0.45 percent, to 8,750.55.

Rupee gains 26 paise to 62.05 Vs USD

Rupee gains 26 paise to 62.05 Vs USD

Mumbai: The rupee strengthened by 26 paise to 62.05 against the dollar in early trade Friday at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.

Forex dealers said besides selling of the American currency by exporters and banks, a higher opening in domestic stock market, supported the rupee.

The rupee had shed six paise to hit a fresh one-month low of 62.31 in yesterday's trade on persistent demand for the American currency from banks and importers in view of sustained foreign capital outflows.

Meanwhile, the benchmark BSE Sensex rose by 110.17 points, or 0.38 percent, to trade at 28,915.27 in early trade.--PTI

Rupee down 17 paise at 62.42 against US dollar

Rupee down 17 paise at 62.42 against US dollar

Mumbai: Extending losses for the fourth straight session, the rupee fell by 17 paise to 62.42 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market as the American currency strengthened overseas amid persistent foreign capital outflows.

Forex dealers said besides the dollar's gain against other currencies overseas, increased demand for the American unit from importers put pressure on the rupee but a higher opening in the domestic equity markets, capped the losses.

The rupee had declined by six paise to close at a fresh one-month low of 62.25 in yesterday's trade on persistent dollar demand from banks and importers.

Meanwhile, the benchmark BSE Sensex was trading higher by 151.91 points, or 0.53 per cent, to 28,685.88 in early trade.--PTI

Sensex rises 151 points ahead of IIP, inflation data

Sensex rises 151 points ahead of IIP, inflation data

Mumbai: Rising for the third straight session, the benchmark BSE Sensex gained over 151 points in early trade on Thursday as participants engaged in enlarging positions ahead of IIP and retail inflation data to be released later in the day.

Besides, expectations of faster economic reforms by the government and optimism over the forthcoming Budget, buoyed trading sentiments.

The 30-share index was trading higher by 151.91 points, or 0.53 percent, at 28,685.88 with stocks of auto, consumer durables, power, realty and capital goods sectors, leading the rise.

The gauge had gained 306.58 points in the previous two sessions.

On similar lines, the National Stock Exchange index Nifty rose by 36.30 points, or 0.42 percent, at 8,663.70.

Sensex rises 134 points; Nifty reclaims 8,600-mark

Brooklyn does not like being dropped to school by Beckham

Mumbai: The benchmark BSE Sensex rose over 134 points in early trade Wednesday on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.

The 30-share index gained 134.85 points, or 0.48 percent, to 28,490.47 with capital goods, consumer durables, banking, healthcare, power, auto and metal sector stocks, leading the rise.

The index had gained 128.23 points in the previous session.

Also, the National Stock Exchange index Nifty reclaimed the 8,600-mark by rising 47.10 points, 0.55 percent, to 8,612.65.

Brokers said value-based buying by investors as select shares turned attractive after recent losses and optimism over the upcoming Budget, influenced trading sentiments here.

Forex kitty high, but may not cushion extreme volatility: RBI

Forex kitty high, but may not cushion extreme volatility: RBI

Mumbai: RBI Deputy Governor H R Khan on Tuesday said though the country's forex kitty was at an all time high of USD 330 billion, there should be no complacency as no amount of reserves may be enough to fight extreme volatility.

"Foreign currency reserves have improved. Right now we're at USD 330 billion, highest ever. But there is also a view that no amount of foreign exchange reserves can cushion when there is extreme volatility or external shocks," Khan said, days after weekly data showed an over USD 6 billion jump in forex to an all-time high.

"We are much better placed. In terms of fool proofing our balance sheet we have done quite a few things," Khan said, referring to the jump in reserves.

Sensex surges 265 points; Nifty reclaims 8,600-level

Sensex surges 265 points; Nifty reclaims 8,600-level

Mumbai: After negative opening, the benchmark BSE Sensex bounced back smartly by 264.57 points and Nifty reclaimed 8,600-level on bouts of value buying in most sectors led by banking, auto, consumer durables, metal, power and FMCG in late morning deals.

Positive macro-outlook overlapped the market sentiment and Delhi election results where the Aam Aadmi Party was heading towards a landslide victory in Delhi Assembly polls, a broker said.

Shares from Midcap and SmallCap companies also supported the market gain.

Meanwhile, foreign portfolio investors sold shares worth a net Rs 660.30 crore yesterday, as per provisional data.

The Sensex opened at 28,122.48 and drifted to 28,044.49 before rebounding to a high of 28,522.71, quoting 28,491.96 at 1040hrs.

Rupee up 7 paise at 62.10 against dollar

Rupee up 7 paise at 62.10 against dollar

Mumbai: Recovering from nearly four-week low, the rupee on Tuesday rose by seven paise to 62.10 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of dollars by exporters.

Forex dealers said besides selling of the American currency by exporters and banks, dollar's weakness against other currencies overseas also supported the rupee.

They said, however, a lower opening of the domestic equity market capped the gains.

The rupee had lost 48 paise to end at nearly four-week low of 62.17 against the dollar yesterday due to capital outflows and fresh dollar demand from banks and importers.

Meanwhile, the benchmark BSE Sensex was down by 161.87 points, or 0.57 per cent, to 28,065.52 in early trade today.--PTI

Sensex down 286 points on Delhi exit poll forecast

Sensex down 286 points on Delhi exit poll forecast

Mumbai - The benchmark BSE Sensex extended losses for the seventh straight day by plummeting over 286 points in early trade today on sustained selling by funds and retail investors amid exit polls showing that the BJP may not be able to form government in Delhi.

Besides, discouraging third quarter earnings by some bluechip companies and weakness in the rupee, dampened trading sentiments.

The 30-share index tumbled by 286.49 points, or 0.99 percent, to 28,431.42. The gauge had lost 963.86 points in the previous six sessions.

In a similar fashion, the National Stock Exchange Nifty dipped below the 8,600-mark by falling 77.85 points, or 0.90 percent, to 8,583.20.

I wouldn't write India off: Gary Kirsten

I wouldn't write India off: Gary Kirsten

Mumbai - India's World Cup-winning coach Gary Kirsten feels it would be premature to write off the defending champions and said the holders have a good chance of retaining the title with skipper Mahendra Singh Dhoni at the helm.

"They are a quality outfit and I wouldn't write them off.

They have got one of the most successful captains ever and in terms of closing off the events, let's not discount the Dhoni factor. A lot of things have changed and shifted in his life at the moment but when it comes to these events, he steps up and he is at his best," Kirsten told reporters here.

Tata Motors' shares slump over 6% on disappointing Q3 earnings

Tata Motors' shares slump over 6% on disappointing Q3 earnings

Mumbai - Shares of auto major Tata Motors slumped over six percent Friday after the company reported 25.5 percent drop in consolidated net profit for the December quarter.

The stock tanked 6.24 per cent to Rs 552.75 on the BSE.

On the NSE, it fell sharply by 6.27 per cent to Rs 552.20.

The scrip was the top loser among the frontline stocks on both Sensex and Nifty.

"Tata Motors' Q3 FY15 results were below our estimates due to higher losses in the standalone business and lower than expected margins at JLR," said Bharat Gianani, Senior Research Analyst - Automobile, Angel Broking.




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