Net

L&T Net Profit Rises 15% To Rs 2,352 Crore In December Quarter

Business | Edited by Peter Noronha | Wednesday January 22, 2020

The infrastructure major's Q3 gross revenue grew 6 per cent to Rs 36,243 crore; the international revenue during the quarter stood at 12,871 crore, constituting 36 per cet of the total revenue during the period. The consolidated profit after tax (PAT) from continuing operations for the quarter ended December 31, 2019 stood at Rs 2,161 crore, a g...

Axis Bank Profit Rises 5% To Rs 1,757 Crore In December Quarter

Business | Written by Abhishek Vasudev | Wednesday January 22, 2020

Axis Bank's core income - net interest income - or the difference between interest earned on loans and interest expended on deposits rose 15.16 per cent to Rs 6,453 crore.

Western Railway Nets Rs 104 Crore In Fines From Ticketless Travellers

India News | Press Trust of India | Wednesday January 22, 2020

Western Railway recovered Rs 104.10 crore in fines from ticketless and irregular travellers between April to December 2019, officials said on Tuesday.

Jio Witnessed 22 Million Heavy Voice Subscribers Churn in Last Quarter: SBI Caps Securities

Indo-Asian News Service | Monday January 20, 2020

Reliance Jio witnessed churn of 22 million heavy voice subscribers and its ARPUs have not improved despite tariff hikes as most of the subscribers are on the 84-day plan, analyst firm SBI Caps Securities has said, adding that net subscriber adds were muted due to churn of heavy voice users.

Kotak Mahindra Bank Profit Rises 24% To Rs 1,596 Crore In December Quarter

Business | Written by Abhishek Vasudev | Monday January 20, 2020

Kotak Mahindra Bank's core income or the net interest income, the difference between interest earned and interest expended, came in at Rs 3,429.53 crore.

HDFC Bank Slips On Rise In Bad Loans

Business | Edited by Peter Noronha | Monday January 20, 2020

Post market hours on Friday, HDFC Bank reported a stellar 32.8 per cent increase in its net profit for the quarter ended December 31, 2019. The private lender posted a consolidated net profit of Rs 7,416.5 crore in the third quarter of this fiscal, as opposed to Rs 5,585.8 crore in the corresponding quarter last fiscal. Net interest income (NII), t...

TCS Weakens On Muted Q3 Numbers

Business | Edited by Peter Noronha | Monday January 20, 2020

Post market hours on Friday, the country's largest software services company reported net profit of Rs 8,118 crore in the quarter ended December 2019, marking an increase of 0.9 per cent from profit of Rs 8,042 crore in the previous quarter. TCS' revenue from operations rose 2.25 per cent to Rs 39,854 crore from Rs 38,977 crore in the previous quar...

Reliance Industries Declines Post Record Q3 Numbers

Business | Edited by Peter Noronha | Monday January 20, 2020

The net profit of Reliance Jio Infocomm, the telecom arm of Reliance Industries, rose 62 per cent to Rs 1,350 crore in December quarter, Reliance Industries said. Reliance Jio's revenue rose 28 per cent to Rs 13,968 crore. The net profit of the retailventure, Reliance Retail Ventures more than doubled to Rs 1,757 crore and revenue rose 27.4 per cen...

HDFC Bank Profit Rises Nearly 33% To Rs 7,416 Crore In December Quarter On Higher Income Growth

Business | Edited by Peter Noronha | Saturday January 18, 2020

Net interest income (NII), or the difference between interest earned on loans and that paid on deposits, grew 12.6 per cent from Rs 12,576 crore to Rs 14,172.90 crore, driven by a 19.9 per cent increase in advances and 25.5 per cent in deposits, HDFC Bank said in a statement.

Reliance Jio Net Profit Jumps 62% To Rs 1,350 Crore In December Quarter

Business | Edited by Peter Noronha | Friday January 17, 2020

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, said, -Jio has continued on its unprecedented growth journey receiving overwhelming customer response for best in class mobile connectivity services. We are delivering on our promise to be the driver of digital revolution in the country. Jio is also de...

After Centre's Jeff Bezos Snub, An Amazon Offer, A Retreat: 10 Points

India News | Edited by Deepshikha Ghosh | Friday January 17, 2020

Jeff Bezos, snubbed by the government during his three-day India visit, put out a statement today promising to create an additional 10 lakh jobs in the country by 2025. The Amazon CEO, whose request for a meeting with Prime Minister Narendra Modi was reportedly rejected a month back, said: "I fall more in love with India every time I return here." ...

US Video Game Spending Fell in 2019, Call of Duty: Modern Warfare Bestselling Game of Q4 2019, Says NPD Group

Agence France-Presse | Friday January 17, 2020

Americans spent less on video games last year as new consoles were readied for launch and Google took to streaming titles from the cloud, reports NPD Group.

MS Dhoni Starts Training With Jharkhand Ranji Squad After Being Left Out Of BCCI Annual Contract

Press Trust of India | Thursday January 16, 2020

MS Dhoni began practising with the Jharkhand Ranji Trophy squad on Thursday amid fresh speculation on his future.

ISL: Odisha FC Come From Behind To Beat Hyderabad FC 2-1

Indo-Asian News Service | Wednesday January 15, 2020

ISL: Marcelinho gave Hyderabad FC an early lead in the first minute but Aridane Santana netted a brace to help Odisha FC complete a comeback.

Disney+ Grosses Nearly $100 Million on Mobile in Its First 2 Months: Sensor Tower

Indo-Asian News Service | Wednesday January 15, 2020

Disney has generated an estimated $97.2 million in user spending, as per a Sensor Tower report. In terms of downloads, Disney+'s second month garnered 13.5 million, or 33 percent, of the 40.9 million installs it's seen since launch.