Shares of Tata Motors have shed about 10%, closing lower for seven consecutive trading sessions on weak March quarter performance and worries about a slowdown in China. The stock is down 28% from its highs (Rs 605) posted in February 2015.

China's share of overall JLR volumes came down from 28% in 9MFY15 to 15% in the March quarter. This was due to falling luxury car demand in China and the phasing out of imported Evoque and slower ramp up of the Made in China version.

South Korea's Hyundai Motor Group, squeezed by slowing sales, plans to cut domestic operating expenses, with the savings depending on its sales performance in the third and fourth quarters, a spokesman said on Tuesday.

Hyundai Motor Co and its sister company, Kia Motors Corp, saw their global annual sales drop 6% and 5%, respectively, in May. Hyundai Motor shares are down about 20% in 2015, making them the worst performer among major global automakers.

It pays to be at the helm of India’s largest information technology (IT) services provider. Literally. N Chandrasekaran, chief executive officer (CEO) and managing director of Tata Consultancy Services, received Rs 21.28 crore as total compensation in 2014-15, up 13.9 per cent from Rs 18.68 crore last year. This total remuneration for the financial year 2014-15 does not include dividends from 88,528 shares he owns in the company.

Chandrasekaran was also the highest salary receiver for FY15 when compared to CEOs of competing firms. His salary of Rs 21.28 crore (around $3.35 million) was higher than Infosys CEO Vishal Sikka’s $716,539 (around Rs 4.5 crore), T K Kurien, Wipro CEO’s annual salary of $1.5 million (around Rs 9.6 crore) and Cognizant’s Francisco D’Souza’s annual salary of $1.15 million (Rs 7.3 crore).

The government’s decision to auction coal linkages for non-regulated sectors is reason enough for Coal India’s investors to cheer.

The fresh auctions can lead to improved realisations for supplies to non-power sectors, which accounted for about 12% of Coal India’s FY15 production, as per analysts.

Mumbai, June 7: ICICI Bank, the country's second largest private bank, has decided to borrow considerably less in bonds in the current fiscal.

The lender will move a special resolution to seek shareholders' approval at the forthcoming annual general meeting for a borrowing limit of Rs 50,000 crore in bonds, much lower than the Rs 1,00,000 crore approved at the last meeting.

Mumbai: India’s largest lender, State Bank of India (SBI), managed to recover Rs.800-850 crore through a “loan resolution week” it organized from 25 to 31 May, a senior bank official said.

The loan resolution week was aimed at providing one-time settlement offers to defaulting borrowers to try and recover at least a part of loans that had turned bad.

Bengaluru: Amazon India is rapidly expanding services and incentives for third-party sellers and websites offering affiliate marketing and Amazon payments services, as it looks to offer a comprehensive set of support services and differentiate its offering from those of its rivals.

Amazon affiliates are third-party sites that help drive customers to the e-commerce platform for a fee.

One of the reasons Infosys Ltd had been a favourite with investors was its ability to punch far above its weight when it came to both profitability and cash flow generation.

In 2007-08, for instance, even though its revenue was 25.9% lower than that of Tata Consultancy Services Ltd, its operating profit was only 9.2% lower and its free cash flow was 18% higher.

Bengaluru: On 4 June, Natarajan Chandrasekaran, chief executive officer of India’s largest software exporter Tata Consultancy Services Ltd (TCS) flew to New York.

Unlike his earlier visits to the US—the largest market for TCS and other Indian IT firms—he was not scheduled to meet any clients. In the evening, Harrick M. Vin, TCS’s chief scientist and global head of innovation and transformation, and a few other executives joined Chandrasekaran at the upscale Mandarin Oriental hotel in Manhattan to showcase what some within the company bill as one of the most significant technological innovations to come out of the $15 billion company: An artificial intelligence (AI) technology platform.

NTPC is becoming analysts' favourite. Despite a 5% fall in net profit in the fourth quarter of 2014-15, experts are getting bullish on the counter. This is because with improving coal availability, higher pay load factor (PLF) — a measure of capacity utilisation—and reduced regulatory uncertainty, the worst is behind NTPC.

Getting past its coal woes has brought major relief for NTPC. The central government has re-allocated NTPC five coal blocks, which got cancelled because of the apex court verdict on coal block allocation. Now, NTPC has 10 coal blocks.

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