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Wednesday, January 29, 2014



TOP CORPORATE NEWS

·        Bharti Airtel Q3 net up 4.5%, hit by tax provision

Bharti Airtel reported 4.55 percent growth in third quarter net profit quarter-on-quarter, impacted by exceptional loss on tax provisions. Year-on-year growth in profit was 115 percent.

·        RBI credit Policy: Repo rate up by 25 bps to 8%, CRR intact

In its third quarter review of monetary policy, the Reserve Bank of India (RBI) hiked repo rate by 25 basis points to 8 percent. The reverse repo rate now stands adjusted at 7 percent, while the marginal standing facility (MSF) rate and the Bank Rate at 9 percent. Cash Reserve Ratio or CRR has been left unchanged at 4 percent.

·        Maruti Q3 beats forecast, net up 1.6%; to expand in Gujarat

Maruti Suzuki   surpassed street expectations with the third quarter net profit rising 36 percent year-on-year, driven by strong operational performance, higher localisation and favourable forex. Quarter-on-quarter growth was 1.6 percent.

·        NTPC Q3 net profit at Rs28612.80mn


NTPC Ltd has posted a net profit of Rs. 28612.80 mn for the quarter ended December 31, 2013 as compared to Rs. 25967.60 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 165410.40 mn for the quarter ended December 31, 2012 to Rs. 195540.70 million for the quarter ended December 31, 2013.

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