Yes Bank, India's fifth-biggest private sector lender by assets, reported a better-than-expected 25% increase in quarterly profit, and said it expected full-year credit costs to be at the lower end of its guidance range.

The bank said it saw credit costs at maximum 50 basis points for the fiscal year ending March, compared with its previous guidance of 50-70 basis points.

TVS Motor company today reported 19.42% increase in net profit at Rs 107.7 crore for the quarter ended December 31.

The firm had posted a net profit of Rs 90.18 crore for the same period of previous fiscal.

Desperate to maintain its stranglehold on the domestic car market, Maruti Suzuki, India’s largest car manufacturer, has started the process of setting up regional offices that will oversee real estate purchases for its future dealerships.

The company plans to buy properties and rent it out to its dealers instead of the latter making heavy investment in buying showroom spaces. This way, Maruti believes, it can minimise migration of investments by dealers who have been looking at opportunities in other commercial areas such as supermarkets or malls.

The suspected data breaches by few BPO staffers of Wipro in Kolkata is likely to impact the Bengaluru-based company’s relationship with the client TalkTalk for whom these employees were working for. The Kolkata police last week had arrested three employees of Wipro who were handling British telecom firm TalkTalk’s back-office operations out of India, on charges of stealing of customers’ data.

The recent arrest could be linked to the data breach that TalkTalk went through in October last year when around 157,000 of its customer data including their bank account details were stolen. "Following the October 2015 cyber attack, we have been conducting a forensic review to ensure that all aspects of our security are as robust as possible - including that of our suppliers," said a statement by TalkTalk published in British public broadcaster, BBC.

Selecting from over 100 applications for the much-touted position of the chairman and managing director of NTPC, the country’s largest power generation company, the Cabinet's appointments committee approved Gurdeep Singh for the post.

Singh is currently the managing director of Gujarat State Electricity Company Limited (GESC). Having started his career in NTPC in 1987, Singh has a profile consisting of major names in the sector—both public and private companies. He was earlier associated with Calcutta Electric Supply Corporation, Powergen and IDFC Projects in different capacities.

ICICI Bank, the country’s largest private sector lender, has reported net profit of only four per cent in the October-December quarter at Rs 3,018 crore on account of higher provisioning.

It is for the first time in the last 23 quarters that the lender has reported a net profit of only four per cent. Prior to this, the bank had been posting net profit of anywhere between 44-12 per cent.

Microsoft India today announced that it has extended the maternity leave for its women employees to six months from the current three months.

The new maternity policy will be effective from February 1, 2016 and also benefit all women employees who are currently on maternity leave.

MUMBAI: Top mortgage lender HDFC Ltd on Wednesday reported an 11 per cent rise in consolidated net profit at Rs 2,419 crore for the December quarter, driven by an uptick in commercial lending and better performance by subsidiaries.

HDFC vice-chairman and chief executive Keki M Mistry attributed the lower rise in net to "lower profit on sale of investments at Rs 57 crore against Rs 113 crore, lower income from leased properties, other income and higher depreciation compared to the previous year."

Bengaluru: Infosys Ltd has bought a minority stake in Waterline Data Science Inc., a start-up based in Delaware, US, which helps companies make sense of large data sets, for $4 million.

Infosys investment allows it to have “a minority holding, not exceeding 20% of the outstanding share capital of the company” and it expects to close its investment by 4 February, the company said on Thursday.

The Supreme Court on Wednesday slammed Sebi over its move to hear afresh the Financial Planning Supervisory Foundation’s (FPSF) plea for grant of approval to act as a self-regulatory organisation (SRO) for distributors of mutual fund products.

A bench headed by Justice Ranjan Gogoi said since the apex court was hearing the matter, the market regulator could not have decided to initiate a parallel proceedings and hear the issue afresh.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.