DRL profit falls
Hyderabad, Oct. 29: Dr Reddy's Laboratories today reported a 16.82 per cent decline in consolidated net profit at Rs 574.1 crore for the second quarter ended September 30, because of muted growth in the US market and depreciation in the currencies of Russia and Ukraine. The company had posted a consolidated net profit of Rs 690.25 crore in the corresponding quarter last fiscal.
Esop norms
Mumbai, Oct. 29: Sebi has notified new Esop regulations, including the purchase of shares by employee welfare trusts from the secondary market, with adequate safeguards.
Moody's view
Mumbai, Oct. 29: Moody's today retained its negative outlook on the domestic banking system, citing high leverage in the corporate sector that may prevent any meaningful recovery in the asset quality.
World Bank
Washington, Oct. 29: India ranked 142 among the 189 countries surveyed for the latest World Bank's "Ease of Doing Business" report released today, a drop by two places from last year's ranking. Singapore topped the list.
Nielsen report
New Delhi, Oct. 29: Consumer confidence level in India dropped two points during the third quarter of this year with euphoria around the new government at the Centre settling down, although it continues to be the most optimistic nation, Nielsen has said.
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