Biocon R&D team is working on the second phase of the development of oral insulin, and Kiran Mazumdar-Shaw, Chairman & MD, Biocon, hopes that it becomes an approved product in the next 2-3 years.
27 Apr 2016, 11.59 am | Source: CNBC-TV18
The bank has assessed the status of the corporates, their current payment track record, their fundamentals, and the probability of the slippages, before taking a call on making the watch list, says V Srinivasan, Deputy MD of Axis ...
27 Apr 2016, 11.00 am | Source: CNBC-TV18
YES Bank has posted better-than-expected net profit at Rs 702.1 crore in January-March quarter, up 27.4 percent from Rs 551 crore in corresponding quarter last fiscal. It net interest income (NII) grew 27.1 percent at Rs 1241.4 cr...
27 Apr 2016, 10.30 am | Source: Moneycontrol.com
The cold storage chain recently reduced the fleet size of its trucks. Due to the downsizing, the margins have gone up and are at 26 percent which are sustainable, says AM Sundar, CFO, Snowman Logistics.
27 Apr 2016, 10.14 am | Source: CNBC-TV18
Net interest margins may decline on account of defaults.
27 Apr 2016, 9.58 am | Source: Moneycontrol.com
During the period, EBIT may come in at Rs 102 crore (12.2 percent) against Rs 100 crore (or 12.3 percent).
27 Apr 2016, 9.50 am | Source: Moneycontrol.com
During the period, EBITDA may stand at Rs 8640 crore against Rs 8474.8 crore quarter-on-quarter. In percentage terms, EBITDA may come in at 34.9 percent against 35.2 percent QoQ.
27 Apr 2016, 9.29 am | Source: Moneycontrol.com
Tata Group firm Rallis India today reported a 51% increase in its consolidated net profit at Rs 32.25 crore for the March quarter.
27 Apr 2016, 8.00 am | Source: PTI
Total income from operations increased to Rs 1,308.31 crore during January-March quarter of 2015-16 fiscal compared with Rs 1,192.89 crore in the previous year, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) said in a BSE f...
27 Apr 2016, 8.00 am | Source: PTI
V Srinivasan, Deputy MD, Axis Bank, expects the bank's credit cost to be around 125 basis points for the current year.
26 Apr 2016, 8.46 pm | Source: CNBC-TV18
Biocon's contract research arm Syngene International today reported a 19.6 percent rise in standalone net profit at Rs 66.5 crore for March quarter.
26 Apr 2016, 8.40 pm | Source: PTI
Telecom tower firm Bharti Infratel today reported 19 percent jump in net profit at Rs 662 crore for the quarter ended March 31, 2016, on the back of growth in network rollout by operators.
26 Apr 2016, 7.32 pm | Source: PTI
Unlike the competition, which offers 6 percent (Kotak Mahindra and Yes Bank on deposits above Rs 1 lakh and RBL 7.1 percent for above Rs 10 lakh), DBS will pay 7 percent even on Re 1 balance.
26 Apr 2016, 6.36 pm | Source: PTI
Sunil Kakar, chief financial officer of the bank, however, clarified in a briefing that the surge in NPA does not impact the Profit and Loss account as these loans had already been provided for.
26 Apr 2016, 6.15 pm | Source: CNBC-TV18
Telecom tower firm GTL Infrastructure today said its standalone net loss has narrowed down to Rs 92.75 crore in the March quarter.
26 Apr 2016, 6.10 pm | Source: PTI
Axis Bank, India's third-largest private sector lender, today said its fourth quarter net profit fell 1.2 percent, ahead of a CNBC-TV18 poll that had forecast profits to fall 7 percent to Rs 2,028 crore.
26 Apr 2016, 5.55 pm | Source: Moneycontrol.com
Total income in Q4 may slip marginally by 0.3 percent at Rs 264.3 crore against Rs 265.1 crore YoY. During the quarter, EBITDA may slip 22 percent at Rs 61.5 crore in Q4 versus Rs 79.3 crore (YoY) and margins may come in at 23.3 p...
26 Apr 2016, 5.21 pm | Source: Moneycontrol.com
During the period, EBITDA is down 12.6 percent at Rs 208 crore versus Rs 238 crore while operating profit margin (OPM) may come in at 12.6 percent versus 14.4 percent.
26 Apr 2016, 5.02 pm | Source: Moneycontrol.com
YES Bank is likely to see net profit at Rs 689 crore in January-March quarter, up 25 percent from Rs 551 crore in corresponding quarter last fiscal. During the period, net interest income (NII) may rise 24.2 percent to Rs 1214 cro...
26 Apr 2016, 4.34 pm | Source: Moneycontrol.com
Income from operations rose marginally to Rs 266.29 crore during the January-March period of the 2015-16 fiscal, compared with Rs 259.11 crore in the same period of 2014-15.
26 Apr 2016, 4.32 pm | Source: PTI
Total income of the bank was Rs 2,076.02 crore during the final quarter of 2015-16, slightly up from Rs 2,051.23 crore in the same period of the corresponding previous fiscal, SBM said in a regulatory filing.
26 Apr 2016, 4.00 pm | Source: PTI
During the quarter, total income rose 12.3 percent at Rs 15306 crore in Q4 against Rs 13624.8 crore year-on-year.
26 Apr 2016, 1.17 pm | Source: Moneycontrol.com
State Bank of Travancore (SBT) has reported a 67.6 percent decline in net profit at Rs 62.1 crore in the fourth quarter ended March due to a sharp increase in provisioning for bad loans.
26 Apr 2016, 1.10 pm | Source: PTI
The bank's slippages in Q4 of the last fiscal year stood at Rs 1800 crore, says Jeevandas Narayan, MD, State Bank of Travancore.
26 Apr 2016, 12.39 pm | Source: CNBC-TV18
Realisation rate, which was at Rs 12,200 for the fourth quarter of FY16, will remain at the same level for the first quarter of FY17, says DP Deshpande, MD of Tata Sponge Iron.
26 Apr 2016, 11.30 am | Source: CNBC-TV18
Borrowing costs should go down by 15-20 bps in FY17, while 70 percent of incremental borrowing will come from bond markets, says Gagan Banga, Vice Chairman & Managing Director of Indiabulls Housing Finance.
26 Apr 2016, 10.41 am | Source: CNBC-TV18
The company reported a profit of Rs 28.3 crore in the quarter gone by as compared to Rs 78 lakh in the previous quarter.
26 Apr 2016, 9.27 am | Source: CNBC-TV18
"The rise in profit was due to expansion of loan and increase in fee income. Also, we got benefit from increase in spreads in the period," IBHFL Vice-Chairman and Managing Director Gagan Banga told PTI.
26 Apr 2016, 8.30 am | Source: PTI
Cairn India in a conference call today cut its capex plan for the current fiscal by more than half to USD 100 million from USD 248 million.
25 Apr 2016, 10.28 pm | Source: CNBC-TV18
The company had a net profit of Rs 54.29 crore in the quarter ended March 31, 2015, the company said in a release. The company received orders worth Rs 1,830 crore in the first quarter of 2016 (January-March).
25 Apr 2016, 10.10 pm | Source: PTI