The ratings agency said several auto ancillaries that have a high revenue dependence on Maruti's Manesar plant, may experience lower cash accruals and in some cases possible stress on their liquidity position during the lockout
IDBI Bank's first quarter net interest income rose 10% to Rs1,271 crore while fee based income grew 23% to Rs417 crore
A minor reshuffle of portfolios in the Union Cabinet is likely to bring back Chidambaram as finance minister while Sushil Kumar Shinde may be the next home minister
Chidambaram has taken a major share of the pie of the Empowered Group of Ministers and Group of Ministers after the exit of Pranab Mukherjee.
Chidambaram now heads seven out of the 15 Group of Ministers (GoM) and two Empowered Group of Ministers (EGoMs), followed by Defence Minister AK Antony who chairs three EGoMs and four GoMs.
Agriculture Minister Sharad Pawar, who a fortnight ago had threatened to pull out of government contending lack of say in governance to coalition partners, has been made chairman of one EGoM and three GoMs.
Prime Minister Manmohan Singh has also pruned the number EGoMs from the earlier 12 to six at present. Earlier, all the EGoMs were chaired by Mukherjee.
The list of GoMs has also been brought down to 15 from the earlier 27.
The six EGoMs wound up by the government include those on the Food Security Act, National Highways Development Project, issues related to SEZs, and under-recoveries of oil marketing companies.
Antony chairs the EGoMs on gas pricing, mass rapid transit systems, and ultra mega power projects, Chidambaram heads EGoMs on telecom spectrum allocation, and reforms in the Central public sector enterprises.
Pawar has been made the chairman of the EGoM on drought.