NDPMS Wealth Management

DLF' income from operations declined by 4 percent at Rs 1,956.09 crore during July-September quarter of 2013-14 fiscal compared with Rs 2,039.54 crore in the corresponding period of last fiscal. India's largest realty firm DLF  reported 28 percent fall in its consolidated net profit at Rs 100.05 crore during second quarter of the current fiscal due to lower sales and higher interest and tax outgo. The company had posted a net profit of Rs 138.51 crore in the year-ago period, DLF said in a statement. Income from operations declined by 4 percent at Rs 1,956.09 crore during July-September quarter of 2013-14 fiscal compared with Rs 2,039.54 crore in the corresponding period of last fiscal. Total expense grew to Rs 1,527.22 crore during the second quarter of the current fiscal from Rs 1,476.89 crore in the year-ago period. Finance cost increased to Rs 609.08 crore from Rs 522.42 crore, while tax outgo also rose to Rs 85.47 crore from Rs 39.38 crore during the period under review. D...

The RBI macroeconomic report released ahead of its monetary policy review on Tuesday lowered FY14 and FY15 growth forecast and raised WPI inflation forecast for this fiscal year. The Reserve Bank of India's Macroeconomic Survey released on Monday lowered FY14 growth forecast to 4.8 percent from 5.7 percent, thus fuelling street fears that governor Raghuram Rajan will resort to a hawkish stance while announcing the monetary policy on Tuesday. Also Read: RBI may hike interest rate, MSF rate cut likely RBI may hike interest rate, MSF rate cut likely. The report also lowered FY15 growth forecast to 5.8 percent from 6.5 percent and warned that both wholesale and consumer price inflation (WPI & CPI) are likely to stay above comfort level in the second half of this fiscal. While it raised FY14 average WPI forecast to 6 percent from 5.3 percent, it lowered FY15 WPI forecast to 5.5 percent to 5.7 percent. The central bank is widely expected to increase the repo rate by 25 basis ...