SKS Microfinance’s net loss mounted to Rs 385 crore in the quarter ended September 30, as shrinking income, rising expenses and higher provisions dragged India’s largest micro-lender’s earnings. It had registered a profit of Rs 80 crore during the same period last year. In the firs…

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Dalal street is expected to remain range-bound this week and corporate earnings and global cues, especially developments related to Greek debt turmoil, are likely to set the tone, say experts. The week will see stock-specific activity amid second quarter earnings announcements. Besides, …

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Prime minister bats for common standards to be implemented in all jurisdictions. If the richer decided to concentrate on the Greek tragedy and let the development agenda take a back seat on the opening day of the G20 summit here, the Indian government made it clear that any bailout shoul…

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Buy 150 million shares for Rs 2,000 crore in 73 BSE-500 companies. The equity market sentiment may be weak, but promoters seem to be showing confidence in their listed firms. Promoters of top corporate houses or groups such as Tata, Bajaj, Vedanta, Anil Ambani’s Reliance group, Mahindr…

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Retail loans increased: RBI data. Credit growth to the infrastructure sector has seen a decline in September, while retail loans increased significantly, according to data released by the Reserve Bank of India. The figures show a 20.3 per cent comedown on year-on-year credit growth to t…

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During high inflation times, calculate real returns to maximise wealth. Any investment advice is always on where to put one’s money. And rarely is an investor told about investment avenues and instruments that he needs to avoid. There are various reasons that have to be well thought ou…

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Board approves land purchase to set up one-million-unit plant in Gujarat. Hit by a month-long labour unrest at its plant in Manesar, coupled with a slowdown in automobile sales, Maruti Suzuki saw a 59.81 per cent decline in its net profit to Rs 240.44 crore for the quarter ended Septembe…

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European Commission President Jose Manuel Barroso has said Europe has moved closer to solving the eurozone debt crisis, as an agreement was reached in Brussels. Addressing the European Parliament in Strasbourg, Mr Barroso said the deal showed the EU could unite in the most difficult of t…

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A week after it breached double digits, India’s food inflation continued with its upward climb and was recorded at 11.43 percent for the week ended Oct 15, official data showed Thursday. The rise was due to a jump in prices of pulses, milk and vegetables. Food inflation had crossed…

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Gabriele Steinhauser and Sarah Dilorenzo, AP Business Writers, On Thursday October 27, 2011, 1:06 am EDT BRUSSELS (AP) — European leaders clinched a deal Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have…

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