Bajaj Auto, the country’s third biggest two-wheeler maker, reported a five per cent decline in net profit for the December quarter, hit by falling demand for its motorcycle range in the domestic market.

The Pune-based company posted net profit of Rs 861 crore, against Rs 905 crore in the same quarter a year before. The profit, however, beat the market estimate of Bloomberg, which expected it to be Rs 836 crore.

The earnings of Tata Consultancy Services (TCS) for the quarter ended December last year met industry estimates but failed to impress analysts, unlike the earnings of its peer, Infosys.

TCS’ net profit and revenue narrowly missed the Bloomberg consensus estimates of Rs 5,493 crore and Rs 24,534 crore, respectively. The company paid 100 per cent variable pay, which might have hit its profit for the quarter.

New Delhi: After choosing not to take the lifeline in 2013, GMR Infrastructure Ltd has now written the roads ministry asking for its payments in a key roads project to be rescheduled if it is to restart work on it, two of the ministry’s officials said on condition of anonymity.

The move comes 10 months after the government approved a policy to allow road developers strapped for finances to reschedule their financial commitments including the up-front so-called premium they pay the National Highways Authority of India (NHAI) for the rights to build highways and collect toll.

India will press the US for not extending the provisions of the country’s Border Security Act – which almost doubled the H1B and L1 visa fees – beyond 2015, when Prime Minister Narendra Modi meets US President Barack Obama later this month.

A senior official told The Indian Express that the visa concerns and long-pending totalisation agreement are the two major issues India wants to resolve during the visit of the US President in Delhi to attend the Republic Day ceremony on January 26.

State Bank of India (SBI), country's largest bank, is expected to end the third quarter (October-December) with a total home loan outstanding of Rs 1,52,905 crore.

The bank is sanctioning about 800 home loans with average sanctions of Rs 150 crore daily, making it the largest player in the retail banking space, once dominated by private players.

The Narendra Modi government’s move to allow dual use of social and commercial infrastructure in non-processing areas of special economic zones (SEZs) will give a boost to the land monetisation plans of Adani Ports and SEZ Ltd (ADSEZ), which already has an operational SEZ at Mundra and a large area. This area is yet to be leased.

In a gazette notification on January 2 to amend the SEZ Rules, 2006, the commerce ministry has allowed dual use both by the SEZ and the domestic tariff area entities of “social or commercial infrastructure and other facilities”, within non-processing areas.

The premium promised by the government for natural gas produced in geologically challenging conditions must be linked to the prevalent market prices of a basket of alternative liquid fuels, with a discount factor that would reduce progressively, allowing the price to come close to arm’s length price over a period of three to five years, major private sector explorers have argued.

Air India kicked off a virulent fare war across the domestic network on Monday, cutting economy class fares up to half compared to Saturday’s rates, undercutting both low-cost and full-service carriers.

The move comes a few days after Vistara launched services in India, between three cities to begin with.

Benchmark indices are likely to open higher tracking the gains in select Asian peers. Some volatility may be expected later in the session as consumer inflation for the month December rose to 5% from 4.38% in the previous month, primarily due to a rise in food prices.

Traders would read the increase of 3.8% in industrial production for the month of November with some caution as it is over a negative base.

Korean automaker Hyundai's new sports utility vehicle will be bigger than Ford Ecosport, which is the bestseller in the sub-four meter segment.

Slated for launch in the second half of this calendar year, the all-new SUV from Hyundai will be pitted against the Ford SUV but will be "roomier, more powerfull and have the characteristics of a true SUV," said a top Hyundai India official.

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