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...
How Indian Economy Fares Globally Ahead Of Union Budget 2020
Business | Edited by Peter Noronha | Monday January 20, 2020
India and China had the same GDP in 1950 and China's GDP per capita lagged countries such as Cambodia, Kenya and Sierra Leone as late as the 1960s. China witnessed a meteoric rise from the late 1970s to become the world's second largest economy, next only to United States, as the path-breaking reforms initiated by Deng Xiaoping propelled the largel...
Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea
Business | Edited by Peter Noronha | Friday January 17, 2020
It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...
Sensex, Nifty Remain Subdued As Banking Stocks Drag
Business | Edited by Peter Noronha | Friday January 17, 2020
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
Markets Likely To Have A Muted Opening
Business | Edited by Peter Noronha | Friday January 17, 2020
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
Markets Erase Gains After Touching Record Highs As Metal Stocks Lose Sheen
Business | Edited by Peter Noronha | Thursday January 16, 2020
The S&P BSE Sensex index had crossed the 42,000 mark for the first time, buoyed by the fact that US and China signed the first phase of a trade deal. The BSE benchmark index rose as much as 186.72 points to touch 42,059.45 in the first hour of trade. The broader NSE Nifty benchmark index also climbed to an all-time high of 12,389.05, up 45.75 point...
From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget 2020
Business | Written by Peter Noronha | Wednesday January 15, 2020
As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's fastest-growing major economy for four years, India was predicted to emerge as the third largest economy after the US and China. But that script has gone awry in t...
A Summary Of Key Railway Announcements Since Merger With Union Budget
Business | Edited by Peter Noronha | Tuesday January 14, 2020
This marked the end of an era in rail budget-making; a long cherished 92-year-old history of separate rail and general budgets came to an end.
Infosys Zooms After Posting Stellar Q3 Numbers, Clean Chit To Top Brass
Business | Edited by Peter Noronha | Monday January 13, 2020
The Bengaluru-based IT services company also raised its revenue guidance in constant currency terms for the ongoing financial year to range of 10-10.5 per cent from 9-10 per cent guided earlier. The results were declared after market hours on Friday.
Nifty Fails To Sustain Record High, Closes At 12,257; Sensex Rises 147 Points
Business | Edited by Peter Noronha | Friday January 10, 2020
The gains have however been muted compared to the tear-away rally witnessed in the previous session. The Sensex had galloped by as much as 634.61 points or 1.55 per cent and the Nifty had raced ahead by 190.55 points or 1.58 per cent on Thursday.
Sensex Hovers At 41,500, Nifty Off Record Highs; Banking Stocks Drag
Business | Edited by Peter Noronha | Friday January 10, 2020
At 2.30 pm, the BSE Sensex had shaved off 270 points from its intra-day highs of 41,775 to trade at 41,505, higher by 45 points or 0.1 per cent, and the Nifty was quoting at 12,226, up 10 points, after touching a life-time high of 12,311. The broader markets were outperforming the benchmark indices, with the BSE midcap and Smallcap indices adding 0...
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...
How Indian Economy Fares Globally Ahead Of Union Budget 2020
Business | Edited by Peter Noronha | Monday January 20, 2020
India and China had the same GDP in 1950 and China's GDP per capita lagged countries such as Cambodia, Kenya and Sierra Leone as late as the 1960s. China witnessed a meteoric rise from the late 1970s to become the world's second largest economy, next only to United States, as the path-breaking reforms initiated by Deng Xiaoping propelled the largel...
Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea
Business | Edited by Peter Noronha | Friday January 17, 2020
It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...
Sensex, Nifty Remain Subdued As Banking Stocks Drag
Business | Edited by Peter Noronha | Friday January 17, 2020
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
Markets Likely To Have A Muted Opening
Business | Edited by Peter Noronha | Friday January 17, 2020
Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.
Markets Erase Gains After Touching Record Highs As Metal Stocks Lose Sheen
Business | Edited by Peter Noronha | Thursday January 16, 2020
The S&P BSE Sensex index had crossed the 42,000 mark for the first time, buoyed by the fact that US and China signed the first phase of a trade deal. The BSE benchmark index rose as much as 186.72 points to touch 42,059.45 in the first hour of trade. The broader NSE Nifty benchmark index also climbed to an all-time high of 12,389.05, up 45.75 point...
From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget 2020
Business | Written by Peter Noronha | Wednesday January 15, 2020
As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's fastest-growing major economy for four years, India was predicted to emerge as the third largest economy after the US and China. But that script has gone awry in t...
A Summary Of Key Railway Announcements Since Merger With Union Budget
Business | Edited by Peter Noronha | Tuesday January 14, 2020
This marked the end of an era in rail budget-making; a long cherished 92-year-old history of separate rail and general budgets came to an end.
Infosys Zooms After Posting Stellar Q3 Numbers, Clean Chit To Top Brass
Business | Edited by Peter Noronha | Monday January 13, 2020
The Bengaluru-based IT services company also raised its revenue guidance in constant currency terms for the ongoing financial year to range of 10-10.5 per cent from 9-10 per cent guided earlier. The results were declared after market hours on Friday.
Nifty Fails To Sustain Record High, Closes At 12,257; Sensex Rises 147 Points
Business | Edited by Peter Noronha | Friday January 10, 2020
The gains have however been muted compared to the tear-away rally witnessed in the previous session. The Sensex had galloped by as much as 634.61 points or 1.55 per cent and the Nifty had raced ahead by 190.55 points or 1.58 per cent on Thursday.
Sensex Hovers At 41,500, Nifty Off Record Highs; Banking Stocks Drag
Business | Edited by Peter Noronha | Friday January 10, 2020
At 2.30 pm, the BSE Sensex had shaved off 270 points from its intra-day highs of 41,775 to trade at 41,505, higher by 45 points or 0.1 per cent, and the Nifty was quoting at 12,226, up 10 points, after touching a life-time high of 12,311. The broader markets were outperforming the benchmark indices, with the BSE midcap and Smallcap indices adding 0...
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