Newsmakers: Maruti earnings, third-gen Moto G launch and more

Maruti Suzuki Q1 profit: Country's largest carmaker reported a 56.49 per cent rise in its standalone net profit at Rs 1,192.92 crore in the first quarter riding on high volumes, favourable foreign exchange and cost reduction efforts.

SpiceJet Q1 earnings: The budget airline reported a net profit of Rs 71.8 crore ($11.2 million) for the three months ending June, after cutting costs and flying more passengers.

HDFC posts profit in Q1: Country's largest mortgage lender said its consolidated net profit during the first quarter ended June, 2015-16, stood at Rs 2,204.29 crore.

Sensex closes lowest in more than a month: The markets pared early gains made in the morning trade and were unable to recover from Monday's steep sell-off with the Sensex ending 102 points lower at 27,459.23 and the Nifty dipping by 24 points to stand at 8,337. 

Rs 420 cr penalty on Hyundai: Coming down hard on carmakers found to be restricting sale of spare parts in open market, fair trade regulator CCI imposed a penalty of Rs 420.26 crore on Hyundai Motor India and asked two others-Reva and Premier-to 'cease and desist' from anti-competitive practices.

Third-gen Moto G launched: Motorola launched its third-generation Moto G smartphone for Rs 11,999 at its global launch in Delhi on Tuesday. The phone will be available exclusively on Flipkart.com starting July 28 midnight.

Oil hits 4-month low: Crude oil futures hit four-month lows after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted.

PNB Q1 earnings: Punjab National Bank, country's fourth-biggest state-run lenderby assets, reported a 49 per cent drop in quarterly profis.

Union Bank Q1 net profit falls: The nation's sixth-biggest state-run lender by assets, reported a smaller-than-expected 22 per cent fall in quarterly profit even as bad loans rose.

OnePlus 2 in India from August 11: The company said the device will be launched in India from August 11. The OnePlus 2 64 GB will be available for Rs 24,999 exclusively on Amazon. The 16 GB OnePlus 2 with 3GB RAM will be available later this year.