Beats estimates again; wireless Ebitda growth accelerates to 37% y-o-y: There was little not to like about Idea’s Q3 earnings report even as the bears are likely to focus excessively on the weak voice RPM (revenue per minute) trajectory. We stay positive even as performance in the near term will likely be driven by developments on the two key externalities – spectrum auctions and R-Jio news flow.

Country's largest car maker Maruti Suzuki India (MSI) today reported 13.9% increase in total sales at 1,16,606 units in January 2015 as against 1,02,416 units in the same period last year.

The company said its domestic sales increased by 9.3% during the month to 1,05,559 units as against 96,569 units in January 2014.

Tata Motors today reported a 5.19% increase in total sales at 42,582 units in January, as against 40,481 units in the same month last year.

Domestic sales of Tata commercial and passenger vehicles grew by 5.35% at 38,621 units as compared to 36,657 units in January 2014, Tata Motors said in a BSE filing.

Auto major Mahindra & Mahindra reported six per cent decline in total sales at 39,930 units in January.

It had sold 42,685 units in the same month last year, the company said in a statement.

India’s third largest two-wheeler maker Bajaj Auto on Monday reported a 12% decline in total motorcycle sales in January at 246,955 units as against 281,390 units posted in the same month last year.

Exports grew 4% during the reporting month at 142,992 units as compared to 137,644 last January.

HDFC Bank is likely to raise Rs 10,000 crore on Tuesday. The private lender is said to have appointed Bank of America Merrill Lynch to manage the share sale. The bank is considering a part-American depository receipt (ADR) issue and part-qualified institutional placement. Fund raising through the ADR route would be a smart move, as these are trading at a 10 per cent premium to domestic shares. Also, the fund-raising regime through this route has recently been eased.

Moving expeditiously to resume the process of mines allocation, the mines ministry has appointed investment banker SBI Capital Markets to suggest rules for auctions and the bidding parameters for selection.

SBI Capital Markets is the investment banking arm of State Bank of India.

As the prolonged Sebi-Sahara battle continues, the Securities and Exchange Board of India (Sebi) has revised lower the expenditure it intends to recover from the business group to Rs 25.88 crore in the current financial year towards money spent on identifying the investors and making refunds.

According to the court orders, Sahara was asked to bear the costs incurred by Sebi in identifying the investors and repayment of refunds to them, which has been an uphill task for the capital markets watchdog.

Mobile numbers will soon become an integral part of a person’s identity as the Narendra Modi government moves ahead to provide government services using the digital platform.

In his tweet address to the 18th National Conference on e-Governance, Prime Minister Narendra Modi wrote, “While we look at e-Governance, let us think about ‘mobile first’ and thus give importance to m-Governance (mobile governance),” he tweeted.

Prime Minister Narendra Modi on Saturday hailed scientists for the successful test-firing of 'Agni V' and said the missile is a prized asset for the country's forces.

"Successful test-firing of Agni V from a canister makes the missile a prized asset for our forces. I salute our scientists for their efforts," he tweeted.

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