TOP CORPORATE NEWS

Motherson Sumi Systems Q4 profit rises 54% to Rs 302.5 cr

Motherson Sumi Systems has reported a 54.5 percent growth in net profit to Rs 302.5 crore in the quarter ended March 2014 on consolidated basis, driven by higher revenue and operational performance. The profit in corresponding quarter of last fiscal was Rs 195.8 crore.

Kalindee Rail declines on merger with Texmaco Rail

Kalindee Rail Nirman is locked at the lower circuit of 10% after the company said its board approved the merger with Texmaco Rail & Engineering.

Jewellery shares rally as RBI eases gold import rules

Jewellery makers have rallied by up to 20% after the Reserve Bank of India eased gold import rules by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports.

Bajaj Auto extends rally after Egypt lifts import ban

Bajaj Auto is trading higher by 3%, on reports that Egypt government has lifted the ban on imports of two-wheelers and three-wheelers into the country which was in effect since February 2014.

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