Idea Cellular Q3 net profit, Ratan Tata invests in FirstCry and more

Key business news events for the day

• 1/5

Stop Rs 1,000 notes without security thread: RBI to banksThe RBI on January 21, 2016 said it has received complaints about notes of Rs 1,000 denomination without the security thread being in circulation and has asked banks not to issue them in case these are found.

• 2/5

Need pvt investments to boost economy: Jaitley Confident of utilising the headroom available to the Indian economy, Finance Minister Arun Jaitley said it needs some additional growth engines and the focus now is on reviving private investments. Inviting foreign players to invest in the infrastructure space, he exuded confidence that the stuck reform measures like GST would go through as the numbers in the Upper House will change favourably soon.

• 3/5

Idea Cellular Q3 net profit misses estimates Idea Cellular Ltd, country's third-biggest mobile phone operator, said quarterly net profit fell 0.4 per cent, missing expectations, weighed down by higher finance charges. The company, which in December launched its 4G services in select cities, said it had raised its capital expenditure estimate for the fiscal year to March to Rs 7,500 crore ($1.1 billion), from Rs 6,000-6,500 crore guided previously.

• 4/5

Ratan Tata invests in baby care platform FirstCry Industrialist Ratan Tata has invested in baby care eCommerce platform FirstCry, continuing the slew of investments he has made in various startups globally. The Chairman Emeritus of Tata Sons and Senior Advisor to IDG Ventures India, has invested an undisclosed amount in his personal capacity into Brainbees Solutions, which owns the FirstCry.com brand, the company said in a statement.

• 5/5

Raghuram Rajan says monetary policies alone cannot change the worldSeeking to allay concerns over volatiltiy in currency and stock markets, RBI Governor Raghuram Rajan said things would stabilise and emphasised that monetary policies alone cannot change the world. While expressing optimism that people will look at stable emerging markets, including India, Rajan said the falls in these economies are actually 'markets' problem' and not of the economy.