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IndianOil Q4 net up three-fold
Government-owned IndianOil, the country’s largest oil marketing company, has reported a more than three-fold increase in fourth-quarter net profit even as its annual profit dipped 47 per cent to Rs 3,954.62 crore due to the impact of an entry tax in Uttar Pradesh, petrol losses and a higher interest burden. Net profit for the quarter ended March stood at Rs 12,670.43 crore against Rs 3,905.2

Banks' net interest margins to remain under pressure
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too.

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RBI intervening frequently in INR forwards

The Reserve Bank of India (RBI) has been seen intervening in the rupee forward markets, alongside its defence of the spot rupee, possibly to replenish its FX reserves and to replace domestic rupee

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Mutual fund news: Facebook, Bill Gross, Vanguard
Invest for the long term and keep daily news in perspective. It's easy to get sucked into a negative mindset, with troubles at Facebook and JPMorgan Chase in the headlines.

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RBI: selling dollars to oil cos an option

The Reserve Bank of India (RBI) may consider directly selling dollars to oil marketing companies in an attempt to arrest a further fall in the rupee, which has hit record lows for seven consecutive

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RBI says reserve money grew 6.7 pct y/y in May 18 week

The Reserve Bank of India said on Wednesday year-on-year reserve money growth was 6.7 percent in the week to May 18, compared with 17.5 percent a year ago. The currency in circulation grew

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