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Profit Top 10: ICICI Bank Q1 net rises; BMW launches 3-Series in India

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Mumbai:
  • Warren Buffett: 10 invaluable tips for value investors
  • HDFC Bank overtakes SBI as India's most valued bank
  • Manesar plant to start only after employee safety is assured: Maruti Suzuki
  • BMW launches 3-Series; starts at Rs 28.9 lakh
  • ICICI Bank Q1 net up 36% to Rs 1,815 crore, stock gains
  • Sensex gains 199 points on ICICI, HDFC Bank; PSU lenders fall
  • SBI overseas bond subscribed 5.4 times, raises $1.25 bn
  • Barclays apologises for Libor scandal as profit rises
  • ITC to enter milk products segment
  • Airbus delays new passenger jet A350 after glitch
 

 

1) Warren Buffett: 10 invaluable tips for value investors

Warren Buffett seems to have formulated his basic investing philosophy fairly early on in the day and continues to refine it even today. Here are 10 tips for value investing.



 

2) HDFC Bank overtakes SBI as India's most valued bank

Private sector lender HDFC Bank on Friday surpassed SBI as the country's most valued bank with a total market valuation of about 1,37,500 crore. (Read more)




3) Manesar plant to start only after employee safety is assured: Maruti Suzuki

Maruti Suzuki, the largest car company, has started assessing the extent of damage at its Manesar plant. While the Company is yet to assess the overall damage to the Manesar facility, it remains concerned about the safety of its people. (Know why)

 

4) BMW launches 3-Series; starts at Rs 28.9 lakh

German carmaker BMW on Friday launched its 3 Series in India as part of a strategy to corner more market share, even as other luxury carmakers such as Audi and Mercedes – both, ironically, of German provenance – nip at its heels.  (Know more)

 

5) ICICI Bank Q1 net up 36% to Rs 1,815 crore, stock gains

ICICI Bank, India's biggest private sector lender, beat street estimates for a third straight quarter today. ICICI Bank shares jumped 3 per cent as profit and interest income estimates topped expectations. (Earnings)

 

6) Sensex gains 199 points on ICICI, HDFC Bank; PSU lenders fall

The BSE Sensex ended nearly 130 points off the day's high after a string of public sector lenders reported rising stressed assets in the June quarter. The Nifty index closed just below the 5,100 mark. (Market report)

 

7) SBI overseas bond subscribed 5.4 times, raises $1.25 bn

India's largest lender State Bank of India on Friday said it has successfully closed sales of an overseas bond, raising $1.25 billion. (Bond issue details)




8) Barclays apologises for Libor scandal as profit rises

British bank Barclays Plc pledged to repair the damage to its reputation caused by its part in the interest-rate rigging scandal that has rocked the banking industry, after beating forecasts with a 4 billion pound profit. (Read more)

 

9) ITC to enter milk products segment

Tobacco giant ITC on Friday said it is looking to enter the dairy products category, one of the few packaged food categories in which it is not yet present. (Details)




10) Airbus delays new passenger jet A350 after glitch

European planemaker Airbus delayed the introduction of its newest passenger jet, the carbon-composite A350, as parent EADS unveiled better-than-expected second-quarter earnings lifted by resilient demand for its existing range of jetliners. (Read why)



Story first published on: July 27, 2012 18:32 (IST)

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