Federer likely to skip Davis Cup fixture against Belgium

Johannesburg, Feb 14 - World number two Roger Federer is reportedly planning to skip Swizerland's Davis Cup tie to be played in March as the 17-time Grand Slam champion made no mention of it in his

Anderson backs 'world-class' Morgan post Boycott's criticism

London, Feb 14 - England pace spearhead James Anderson has backed out-of-form skipper Eoin Morgan to regain form, describing him as a world-class and destructive player ahead of the World Cup.

Earlier in the week, former England batsman Geoffrey Boycott had slammed misfiring skipper, calling him as a player who lacks cleverness while facing top-class bowlers of the World.

Boycott said that Morgan was not as good as he thinks.

In response, Anderson said that it was rich coming from him, adding that Morgan was a world-class player and had been for however many games he had played, the Mirror reported.

The right-arm pace bowler further said that they were just hopeful he could get some form as they had seen how destructive he could be when he was in form.

Sensex regains 29K-mark, Nifty tops 8800 level after SBI results boost

Mumbai - The benchmark Sensex gained 289.83 points to reclaim 29,000 mark and Nifty jumped 94 points to end above 8,800 level Friday on stellar SBI earnings, rising hopes of a pro-growth budget and positive global cues.

Logging their fourth successive session of gains, benchmark indices wrapped up the week in style after ending in the red for the preceding two weeks.

Shares of FMCG, healthcare, banking, auto and metal sectors were the major gainers of the day.

Country's largest public sector lender SBI today reported over 30 percent jump in net profit December quarter. Its shares zoomed nearly 8 percent, adding about 86 points alone to Sensex's 289.83 point surge.

BPCL reports Q3 net profit at Rs 551.16 crore

New Delhi - Bharat Petroleum Corporation Limited (BPCL) on Friday reported a net profit of Rs 551.16 crore for the December quarter on the back of full compensation for losses on fuel sales.

The company had reported a net loss of Rs 1,088.94 crore in the corresponding period of previous fiscal, BPCL said in a regulatory filing.

The government paid Rs 1,079.92 crore in cash subsidy while upstream oil producers like ONGC extended an assistance of Rs 2,332.88 crore to make up for all the losses that the firm had incurred on selling domestic LPG and PDS kerosene at rates lower than cost.

BPCL earned USD 1.54 on turning every barrel of crude oil into fuel in the quarter as compared to a gross refining margin of USD 1.76 per barrel in third quarter of previous fiscal.

M&M posts Q3 net profit of Rs 930.32 crore

Mumbai - Home-grown auto major Mahindra & Mahindra on Friday reported a consolidated net profit of Rs 930.32 crore for the third quarter ended December 31, 2014.

M&M had posted a consolidated net profit of Rs 1,230 crore in the same period last fiscal.

Its revenue stood at 18,371.91 crore in the latest quarter, as against 20,679.92 crore in the same period last fiscal, the company said in a regulatory filing.

The company said the figures are not comparable from the year-ago levels due to the merger of its associate companies.

Reliance Infrastructure signs MoU with US-based Innovari Inc

Mumbai - Reliance Infrastructure has signed an agreement with US-based Innovari on expanding Automated Demand Side Management (ADSM).

The MoU, inked during US President Barack Obama's visit to India, will reduce power purchase for Reliance Infrastructure and ensure reduction in carbon footprints for consumers, Reliance Infrastructure said in a BSE filing.

"This further extends the existing strong business relationship between Reliance Group and companies from the United States such as Caterpillar, Bucyrus, Atlas Copco, Forst Solar, etc in areas of solar power, power generation equipment, LNG imports, coal mining, and entertainment," Group President, Corporate Affairs, A Sethuraman said.

Pages

News in Focus

Latent View Analytics Share Price Target at Rs 560: ICICI Securities Upgrades Stock

Latent View Analytics is entering what ICICI Securities describes as a profit-accretive growth phase, prompting the brokerage to upgrade the stock to BUY from ADD.

How Free Spins Work: What Players Should Understand Before Using Them

Free spin offers are prominent hooks for online casinos. They represent a low-risk way to try online slot machines and win real money in the process.

State Bank of India (SBI) Share Price Target at Rs 1,076: Geojit Financial Services

State Bank of India continues to demonstrate operational resilience amid a challenging interest-rate environment, but stretched valuations are prompting caution.

Best Travel Insurance For a Schengen Visa

To get a Schengen visa, travellers must submit a travel insurance policy that fully complies with the mandatory guidelines set by the European Union.

ITC Share Price Target at Rs 400 After Cigarette Tax Shock: Motilal Oswal Research

Motilal Oswal Financial Services has shifted the investment outlook for FMCG major ITC Ltd, as the brokerage has downgraded the stock from BUY to Neutral with a revised target price of Rs 400, impl