Tuesday, October 15, 2013

Business & Economy News for October 15, 2013

· Reliance net up a tad at 1.5%

· TCS shares at all-time high ahead of Q2 results

· FinMin wants to raise revenue through 3G auctions to tame

CAD

· Cairn wants to squeeze the last drop out of Barmer

· Bajaj Corp Q2 net down 6.22% at Rs 36.01 cr

· RIL first Indian firm to clock Rs 1-lakh-cr sales in a quarter

· In a first for a PSU, IOC buys 1 mn barrels of crude from Sterling

Oil's Nigerian fields

· ONGC's foreign arm to acquire 12% stake in Brazil block

· Tech Mahindra goes for growth by acquisition

· Reliance Retail sales up 31% in Q2

· IndusInd Bank net rises 32% on high interest, fee incomes

· India inflation rises to 7-month high

· Fortis to sell Quality Healthcare to Bupa for $355 mn

· Weak earnings outlook for capital goods companies

· NTPC plans to set up new mining unit for fuel security

· Reliance Infra to enter Nifty Midcap 50

· Nomura Singapore buys 11.74 lakh shares of Karnataka Bank

· CPI inflation quickens to 9.84% in September: Government

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