New Delhi, Aug 1 State-owned Punjab & Sind Bank on Monday reported an 18 per cent growth in net profit at Rs 205 crore in the April-June quarter of..
The minister explained to the House that the gap is generally on account of factors other than inadequacy of power availability in the country, such as constraints in the distribution network, financial constraints, commercial reasons, forced outage of generating units etc.
Rating agencies and the central Bank expect India’s GDP to have grown 18-22 percent in Q1 FY22, but this is in comparison with a low base a year ago when economic activity was devastated by the pandemic-induced lockdowns
According to a report by Colliers International India, Q2 2016 witnessed the residential sector on the cusp of a recovery, as the top six cities – Bengaluru, Pune, Mumbai, Gurgaon, Noida and Chennai – R
Capital First today reported 45.7 per cent rise in net profit to Rs 45.18 crore for the first quarter ended June 30.
The company's Q1 net profit was up 38 percent at Rs 91.9 crore and total income increased by 11.9 percent at Rs 1,120.8 crore, on sequential basis.
The country's first quarter (April-June) gross domestic product in fiscal year 2015-16 slipped from 7.5 percent in the previous quarter to 7 percent (January-March). A poll of economists had forecast growth to come in at 7.5 percent.
The 0.5 percent expansion in July-September compares with the median estimate for a 0.4 percent increase and followed 0.9 percent growth in April-June, data showed on Thursday.
Makaan.com Property Index ["MPI"] for April-June 2013 reveals a silver lining for the real estate industry that has been experiencing the absence of buyers.
The Reserve Bank of India (RBI) governor D Subbarao stood with the majority opinion of the Technical Advisory Committee (TAC) and refrained from tweaking the policy (repo) rate in the first quarter (April-June) of the monetary policy review announced on July 30.
Britannia's operating margin for April-June came in at 7.7 percent, up from 4.7 percent a year ago, which Vinita Bali, MD, said, was due to improvement in product mix and higher price realisation, apart from cost management.
India's banking behemoth - the State Bank of India (SBI) is expected to report a fall of 5 percent year-on-year in its first quarter (April-June) net profit to Rs 3,565 crore. Net interest income (NII) or the difference between interest earned and paid out, is likely to grow at a muted pace of just 2 percent to Rs 11,288 crore.
South-based realty company Sobha Developers reported a growth of 11 percent year-on-year growth in its first quarter (April-June, FY14) consolidated net profit to about Rs 50 crore.
Israel-based Taro's first quarter net income declined 7 percent, while revenue fell 4 percent, which the company said was due to a one-time charge taken to meet contractual obligations.
Jaguar Land Rover's profit is expected to rise 22 percent year-on-year, while revenue is seen up 8 percent. However, Tata Motors' standalone operations are likely to report a loss of Rs 400 crore, while revenue is seen down 18 percent.
The Domino's Pizza and Dunkin' Donuts restaurant chain operator's same-store sales grew just over 6 percent in April-June, sharply lower than the 22.3 percent growth in the year ago quarter and Ravi Gupta, CFO, says the company is taking taking steps to encourage consumption.
State-owned Canara Bank first quarter (April-June, FY14) net profit nearly remained flat at Rs 792 crore as against Rs 775 crore a year back, up merely 2 percent year-on-year. A spike in provisions and contingences, which grew 119 percent y-o-y to Rs 916 crore capped the bank‘s profit margin.
South-based state-owned lender Canara Bank is likely to report 4 percent year-on-year growth in its first quarter (April-June) net profit at 807 crore. Net interest income or the difference between interests earned and paid out, may grow 17 percent to Rs 2,163 crore, according to an average poll estimate by CNBC TV18.
Thangamayil's first quarter net profit declined 9 percent YoY, which LGY Kumar, GM - Finance, said was because of one-time loss in inventory due to fall in gold prices and expenses were also higher.
Bhaskar Bhat, MD, said that while the onus of exporting gold lies on bullion bankers from whom it buys gold, Titan too is exploring export opportunities now.
The company's net sales in April-June were up 17 percent to Rs 853 crore.
India's largest ICICI Bank's first quarter (April-June, FY14) net profit is likely to rise 24 percent year-on-year to Rs 2,252 crore. Net interest income or the difference between interest earned and paid out, may increase 21 percent y-o-y to Rs 3,850 crore.
Shoppers Stop opened 20 outlets in April-June and is well positioned for a steady growth trajectory, said, Govind Shrikhande, MD.
The RBI in its first quarter (April-June, 2013-14) monetary policy left key rates unchanged hinting at rate cuts in future subject to market stability. With this, D Subbarao, the governor who had taken the central bank assignment in September, 2008; presented his last quarterly policy before he hangs up his boots in September this year.
State-owned Allahabad Bank's first quarter (April-June) net profit dropped nearly 20 percent year-on-year to Rs 413 crore, dented by a spike in bad loans. Net interest income (NII) or the difference between interest earned and paid out, was little changed at Rs 1,312 crore compared with Rs 1,306 crore a year ago.