HDFC Bank on Monday reported 20.1 per cent growth in net profit to Rs. 3,356.8 crore for the third quarter of the current fiscal on higher interest income.

The private sector bank had a net profit of Rs. 2,791 crore in the October-December quarter of last fiscal.

The government announced the list of awardees of civilian gallantary awards Padma Vibhushan, Padma Bhushan and Padma Shri on the eve of the Republic day.

Actor Rajinikanth, media baron Ramoji Rao, former J&K Governor Jagmohan and spiritual guru Sri Sri Ravi Shankar will be awarded the Padma Vibhushan.

The earnings season so far has been by and large disappointing with most heavyweights not living up to expectations —TCS, Wipro, ITC and Idea Cellular have all turned in numbers that were below estimates — and just a couple of strong performances from Infosys and Reliance Industries. A sluggish economy, in which there is very little investment taking place and unutilised capacity remains high, has virtually killed the demand for capital goods.

2015, a slow year: Tata Motors underperformed the Sensex by 20% last year as the high-margin China market slowed down, new model ramp-up was slower than market expectations and JLR margins came down from 19% in F2Q15 to 12% in F2Q16. Despite a mixed macro outlook for 2016, we believe TTMT will have a better year ahead.

Jaguar’s best phase ever: We introduce the Morgan Stanley Proprietary model cycle index and note that Jaguar is embarking on its most ambitious model cycle since 2000, and we expect 34% FY15-18 volume CAGR (compound annual growth rate) in the brand.

NEW DELHI: Indian Railways is targeting a higher share of non-railway revenue in the next five years to augment tariff-based operations. Railways Minister Suresh Prabhu has asked SBI Cap, the investment banking arm of the State Bank of India, to draw up a plan that will lean heavily on asset monetisation and providing end-to-end solutions to customers.

The other element of improving railway finances over the medium term is the creation of a holding company structure for the organisation that will allow the Railways to leverage its companies more for both raising resources and also keeping them within the organisation, Prabhu told ET. SBI Caps is in charge of this process as well.

Adani Gas-Indian Oil combine, GAIL Gas, Gujarat Gas and Bharat Petroleum Corp Ltd​ (BPCL) are among 18 companies that have bid for licence to retail CNG to automobiles in 20 cities like North Goa and Bhatinda.

Of the 34 cities that oil regulator Petroleum and Natural Gas Regulatory Board​ (PNGRB) had offered in the sixth round of bidding, 56 bids from 18 companies were received for 20 cities, official sources said.

Switzerland is "extremely keen" on greater cooperation in India's fight against suspected black money stashed in Swiss banks and is putting in place a new law on automatic information exchange that will take about a year to come into force, Finance Minister Arun Jaitley has said.

Till the time the new law comes into force, the Swiss government will continue to provide account details as per the evidence provided by the Indian authorities under an existing arrangement, he added.

The Congress Party on Monday dubbed the government's move to recommend President's rule in Arunachal Pradesh as 'unconstitutional' and alleged that it exposed the dictatorial tendencies of Prime Minister Narendra Modi and his people.

Congress leader Sandeep Dikshit accused the Central Government of playing with fire in a 'sensitive' border state.

Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships.

"Both categories of new banks have important roles to play as India has a very large untapped market.

Mumbai: BSE, the oldest stock exchange in Asia, has set the ball rolling on an initial public offering (IPO) and started discussions with intermediaries to begin work on its listing, two people aware of the development said.

The move comes after the Securities and Exchange Board of India (Sebi) issued a notification regarding the amendments to the Stock Exchanges and Clearing Corporations, or SECC, regulations on 1 January. The amendments were aimed at making it easier for exchanges to list.

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