Business Highlights of the Week Which You May Have Missed

Updated: Saturday, February 7, 2015, 6:22 [IST]

It was a busy week for the markets, particularly the earnings season which was worse than expected. Here is a quick round-up of what happened during the course of the week.

1) RBI Monetary Policy

The Reserve Bank of India kept policy rates steady in its monetary policy meet. It was largely expected that the central bank would not cut interest rates and the same happened. The country's central bank cut the SLR though.

Read more on the RBI's Monetary Policy Here

2) Poor Quarterly Results from Tata Motors

The results from Tata Motors was poor with net profits and margins falling way short of expectations. The net profit at the company came in at Rs 3,581 crores, as against analysts expectations of around Rs 4500 crores. Read more on the results Here

3) Indian Overseas Bank Posts Huge Quarterly Loss

Indian Overseas Bank reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due to higher provisions for bad loans. It is the first government owned bank to report a loss.

4) Tax Planning Season to End Shortly

In two months form now we will end the tax planning season.

GoodReturns.in had covered the 6 important ELSS schemes that you could buy. Read more about them Here

5) Business Confidence Index Up

India's business confidence index (BCI) moved up by 4.1 per cent in the third quarter of the current fiscal, economic think-tank NCAER said. Read more Here

6) Sony Boss Whose Emails Were Leaked Steps Down

Amy Pascal, the Sony executive whose emails were leaked during the North Korean movie hacking saga, is stepping down, the Hollywood studio announced . Read more on the story Here

7) Nifty Falls for 6th Straight Day

It has not been good for the Indian stock markets this week. On all 5 trading days of the weak the markets ended lower. Markets are now expected to take cues from this week's Delhi election and thereafter the Union Budget

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