NEW DELHI: As Reliance Industries nears completion of a significant capex cycle over next 12 months, return ratios are likely to improve in the medium term, driven by strong earnings accretion from core business and a rational strategy in telecom business, a brokerage said.

"RIL generated a dismal 7 per cent RoACE (Return on average capital employed) in FY2015 at the consolidated level, with an effective capital of $69 billion employed as of end-FY2015, including creditors for capital expenditure.

Banking stocks are gaining across the exchanges after the Reserve Bank of India (RBI) gave a nod to the banks to take control of debt-laden companies by existing debt into equity, if a debt restructuring fails to revive them within a timeframe.

In cases of restructuring of accounts, borrower companies are not able to come out of stress due to operational/ managerial inefficiencies despite substantial sacrifices made by the lending banks.

Shares of Tata Motors have shed about 10%, closing lower for seven consecutive trading sessions on weak March quarter performance and worries about a slowdown in China. The stock is down 28% from its highs (Rs 605) posted in February 2015.

China's share of overall JLR volumes came down from 28% in 9MFY15 to 15% in the March quarter. This was due to falling luxury car demand in China and the phasing out of imported Evoque and slower ramp up of the Made in China version.

South Korea's Hyundai Motor Group, squeezed by slowing sales, plans to cut domestic operating expenses, with the savings depending on its sales performance in the third and fourth quarters, a spokesman said on Tuesday.

Hyundai Motor Co and its sister company, Kia Motors Corp, saw their global annual sales drop 6% and 5%, respectively, in May. Hyundai Motor shares are down about 20% in 2015, making them the worst performer among major global automakers.

It pays to be at the helm of India’s largest information technology (IT) services provider. Literally. N Chandrasekaran, chief executive officer (CEO) and managing director of Tata Consultancy Services, received Rs 21.28 crore as total compensation in 2014-15, up 13.9 per cent from Rs 18.68 crore last year. This total remuneration for the financial year 2014-15 does not include dividends from 88,528 shares he owns in the company.

Chandrasekaran was also the highest salary receiver for FY15 when compared to CEOs of competing firms. His salary of Rs 21.28 crore (around $3.35 million) was higher than Infosys CEO Vishal Sikka’s $716,539 (around Rs 4.5 crore), T K Kurien, Wipro CEO’s annual salary of $1.5 million (around Rs 9.6 crore) and Cognizant’s Francisco D’Souza’s annual salary of $1.15 million (Rs 7.3 crore).

The government’s decision to auction coal linkages for non-regulated sectors is reason enough for Coal India’s investors to cheer.

The fresh auctions can lead to improved realisations for supplies to non-power sectors, which accounted for about 12% of Coal India’s FY15 production, as per analysts.

Mumbai, June 7: ICICI Bank, the country's second largest private bank, has decided to borrow considerably less in bonds in the current fiscal.

The lender will move a special resolution to seek shareholders' approval at the forthcoming annual general meeting for a borrowing limit of Rs 50,000 crore in bonds, much lower than the Rs 1,00,000 crore approved at the last meeting.

Mumbai: India’s largest lender, State Bank of India (SBI), managed to recover Rs.800-850 crore through a “loan resolution week” it organized from 25 to 31 May, a senior bank official said.

The loan resolution week was aimed at providing one-time settlement offers to defaulting borrowers to try and recover at least a part of loans that had turned bad.

Bengaluru: Amazon India is rapidly expanding services and incentives for third-party sellers and websites offering affiliate marketing and Amazon payments services, as it looks to offer a comprehensive set of support services and differentiate its offering from those of its rivals.

Amazon affiliates are third-party sites that help drive customers to the e-commerce platform for a fee.

One of the reasons Infosys Ltd had been a favourite with investors was its ability to punch far above its weight when it came to both profitability and cash flow generation.

In 2007-08, for instance, even though its revenue was 25.9% lower than that of Tata Consultancy Services Ltd, its operating profit was only 9.2% lower and its free cash flow was 18% higher.

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