Today, July 31, 2012, India’s Central Bank, the Reserve Bank of India (RBI) kept the key policy rates unchanged for the second time since June this year, saying lowering them would raise the inflationary pressure. Find below the key highlights of the ‘First Quarter Review of Monetary Policy 2012-13′, announced by the Reserve Bank today: [...]

Today Oil & gas producer Reliance Industries is expected report its first quarter results for the fiscal year 2012 – 2013. According to CNBC-TV18 estimates, Mekesh Ambani lead Reliance Industries Q1FY13 sales are likely to go up 8% at Rs 87,500 crore versus Rs 81018 crore, year-on-year, YoY whereas company’s PAT is seen down 22.7% [...]

India’s top IT services provider, Tata Consultancy Services (TCS) today declared its first quarter results for FY 2012 – 2013. TCS Q1 Results were slightly better than market expectations. TCS reported a net profit of Rs. 3280.5 crore (up 38% year-on-year and 12% sequentially) while revenue stood at Rs. 14,869 crore (up 38% year-on-year and [...]

Today after disappointing Q1 Results declared by Infosys, there was a sign of relief for the market when the May 2012 IIP data was declared. In May 2012, Country’s industrial output picked up more than expected. Data released by Government showed that in May 2012 Industrial production rose 2.4 per cent as compared to same [...]

Today, India’s second largest software services provider, Infosys declared its first quarter results for FY 2012 – 2013. In the quarter ended 30th June 2012, company’s consolidated net profit rose to Rs 2,289 crore (up 33% year-on-year while down 1% sequentially) as against market expectations of Rs 2,448 crore. Company’s revenues were barely in-line at [...]