News: Stories

Suzlon will declare its fourth quarter earnings today . The company’s profit is expected to slump to Rs 132 crore from Rs 214 crore. Order inflows and commentary on investment scenario will be the key things to watch out for.

Watch out for Crompton Greaves in trade today. The stock is at a three-year low and the company will be declaring earnings today.

A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers have all given huge discounts of up to Rs 50,000 on petrol models for a limited period.

Finance ministry sources have told Bloomberg UTV that the government cannot prop up rupee in the short term. The Indian currency is correcting itself, and may slide further before finding an appropriate level.

The rupee yesterday staged a smart recovery, after touching a new low of 56.40 earlier in the day, closing at 55.64 against the dollar.

National Telecom Policy (NTP) is likely to be finalised today. If the Cabinet approves the policy, roaming charges will be abolished, which will help users to retain the same mobile number across the country.

Indian indices, like the rupee, trended lower and ended near their days low yesterday. A sharp plunge in rupee to record low cost the top stock exchange NSE its trillion-dollar market capitalisation tag, while BSE managed to hold onto this status just by a whisker.

A crude shock – literally so to say for the common man! Petrol prices were hiked by Rs 7.50 per litre last evening, while diesel has been untouched. This price hike is steepest in a decade.

The National Award winning actress seems to have become the favourite of not only cine-goers, but also brands. The actress, who was reported to accept an endorsement deal for a Kerala-based apparel brand just two days back, has signed yet another contract with PepsiCo. The actress will be endorsing the company's snack brand Aliva's new range of products.

The depreciating rupee also has a cascading impact on the pharma space.