- 25 Jul 1410:32 PMGirindre Beeharry begins our breakfast by answering a question I haven't asked. "People often ask us about our motive," the soft-spoken country director of the Bill & Melinda Gates Foundation says.10:26 PMPunjab National Bank (PNB), the third-largest public sector bank in India, surprised the Street with its profit growth in the June quarter of FY15. The bank reported a 10 per cent year-on-year (y-o-y) growth in net profit at Rs 1,401 crore, higher than10:25 PMColgate-Palmolive posted lower-than-expected results for the June quarter. The key disappointment was halving of toothpaste volume growth to four per cent, compared with 7-11 per cent in the past four quarters.03:27 PMWhile straddling (capturing strong moves on either side) is a favourite strategy for playing Infosys results, one can probably trade the Wipro results simply by buying naked puts. Wipro has simply failed to impress with its performance.04:36 AMGlenmark Pharmaceutical's 20 per cent sales growth in the June quarter suggests the company lacks any major growth trigger in FY15. Sales growth in the first quarter has been marred by anaemic growth in the US, as no new products have been launched.03:48 AMJSW Energy's June quarter performance came in line with the Street expectations. However, most analysts remain bearish on the stock.12:48 AMA host of mid-sized Indian companies are hitting the bond street abroad with a vengeance, and bankers say most of these sub-investment grade companies are expected to raise around $4 billion debt in the next few months.12:40 AMOnline shoppers are zealous bargain hunters, creating a Catch-22 situation for portals: To discount or be profitable. But that is no deterrent for brands taking to the medium.12:38 AMSpectrum sharing was supposed to be the next big thing for the country's telecom sector: debt-laden service providers wouldn't have to set aside large sums of cash to buy spectrum in auctions, smaller players would be able to get a nationwide footprint12:35 AMDespite strong volume and revenue growth exhibited in the June quarter, TVS Motor disappointed on the profitability front.
- 24 Jul 1406:30 PMAmbuja Cements, sister-concern of ACC, has not fallen in line with its peers in the quarter ended June.02:16 PMDespite managements of both the companies denying it, the buzz of a merger between HDFC and HDFC Bank refuses to die down.12:38 AMThe online retailer Flipkart has always been greedy for headlines. This is an occupational hazard in the online space, where eyeballs and name recognition are too easily substituted for a solid balance sheet and a sensible business plan.12:36 AMCairn India has lined up a $3-billion capital expenditure programme to improve production from its known discoveries in Rajasthan. The company intends to deploy 81 per cent of this over FY15 and FY16 to boost production.
- 23 Jul 1406:14 PMDespite posting higher than expected sales for the June 2014 quarter, Hexaware has witnessed trimming of earnings estimates by most brokerages.03:10 PMDish TV's June quarter results were marginally below expectations with revenues growing 11% year-on-year and flattish on a sequential basis to Rs 640 crore led by higher average revenue per user (ARPU) and subscriber additions.12:46 AMA dividend bonanza from India's largest information technology company Tata Consultancy Services will come in handy for Tata Sons as it steps up investment in group companies.12:40 AMTwice this year the world awoke to rude shocks. On March 8, a plane mysteriously disappeared an hour after take-off from Kuala Lumpur and on July 17, another came crashing down in eastern Ukraine, shot down by separatists fighting the local government.12:35 AMAsian Paints posted another quarter of strong growth and outpaced Street expectations on Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin and net profit fronts.12:30 AMThe sale of assets by Jaiprakash Associates, the flagship of the Jaypee group, has been the cause for much speculation over the last few months.