Newsmakers: CIL net profit, Ford launches Figo Aspire and more

Coal India Q1 net profit falls 6.6%
PSU Coal India's consolidated net profit dropped by 6.6 per cent to Rs 3,764.34 crore in the April-June quarter ended June 30, 2015 due to higher expenses. Also, the government will sell 10 per cent stake in Coal India through a public offer, which could fetch about Rs 23,400 crore to the exchequer.

DLF raises Rs 1,000 crore through debentures
DLF has raised Rs 1,000 crore through issuance of non-convertible debentures as part of its strategy to boost internal cash flows. "The issuance of non-convertible debentures (NCDs) worth Rs 1,000 crore was completed yesterday," sources said.

Ford launches Figo Aspire, priced starting Rs 4.9 lakh
Ford India has launched Figo Aspire priced between Rs 4.90 lakh and Rs 8.24 lakh (ex-showroom price Delhi) to take on Maruti Suzuki, Hyundai and Honda in the fast growing compact sedan segment. The vehicle will be available in both petrol and diesel engine options.

RBI seen intervening as rupee falls to near 2-year low
The Reserve Bank of India (RBI) started to sell dollars through state-owned banks at around the 64.85 level to slow rupee's slide after the currency hit a 23-month low amid fears of a currency war following China devaluing yuan, three traders said.

Amid currency war fears, China cuts yuan rate again
China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and accusations that Beijing was giving an unfair advantage to its struggling exporters. The central parity rate of yuan, weakened by 1,008 basis points, or 1.6 per cent, to 6.3306 against the US dollar, narrowing from Tuesday's 2 per cent. The currency fared worse in offshore trade, touching 6.57.