First Quarter

Alibaba beats quarterly revenue estimates

Consumer purchases on Alibaba’s Taobao and Tmall marketplaces bounced back, helped in part by the 618 shopping festival, a key shopping event in China, in June.

Q1 GDP: Localised lockdowns during the second wave of COVID-19 helps construction activity to grow by 68.3% y-o-y

Financial, real estate and professional services sector manages to achieve 98.5% of pre-pandemic level (April-June quarter of FY2019-2020) in terms of gross value addition

Q1 GDP: India's economy grew 20.1 percent in April-June quarter; manufacturing sector the bright spot

The GDP print of 20.1 percent is at par with consensus estimates. As per a poll of 41 economists by news agency Reuters, India’s GDP was expected to rise 20 percent in April-June 2021

Q1 GDP data | Private consumption rises sharply but still below pre-Covid levels, government spending down

As compared to Q1 of FY21, household consumption rose 19.35 percent in the April quarter, but still remained 11 percent lower than what it was two years back in Q1 FY20. On the other hand, spending by the government fell 4.77 percent in the latest quarter.

LG Elec says Q1 operating profit likely up 82 percent

LG said January-March operating profit was likely 922 billion won ($812.98 million), compared with a 518 billion won average forecast from a Thomson Reuters I/B/E/S survey of 24 analysts. Revenue likely rose 9.7 percent from a year earlier to 14.7 trillion won.

United Breweries Holdings Q1 net rises 13 fold to 29.47 cr

Total income from operations rose 34.13 percent to Rs 96.23 crore during the June quarter as against Rs 71.74 crore in the same period a year ago, United Breweries (Holdings) Ltd said in a BSE filing today.

Worst is over for diamond industry: Lypsa Gems

Lypsa Gems is going to issue 21 lakh fresh shares to investors at Rs 81 per share. Promoter stake will fall to 33 percent from 36 percent post issuance of shares.

Railways biz doing well but exports slowing down: Timken India

The business from railways, which contributes roughly 22 percent to total revenues is doing reasonably well for Timken India but exports are slowing down, says MD Sanjay Koul.

ONGC Q1 net off 21% to Rs 4,232cr; revenues slip to Rs 17,784cr

State-owned Oil and Natural Gas Corp (ONGC) today reported a 21 per cent drop in its June quarter net profit as oil prices slumped and its output fell.

Industry expects economy to grow at healthier pace

According to Assocham Secretary General D S Rawat, while a durable pick-up in investment activity remains elusive, consumption will continue to provide the main support to aggregate demand and Indian economy may grow at a healthier pace in coming quarters.

Whirlpool Q1 net profit up 26% at Rs 122 cr

The company had posted net profit of Rs 96.83 crore during the same period of the previous fiscal.

Aim to reduce debt to Rs 430 cr from Rs 700 cr: Time Techno

In an interview with CNBC-TV18, Anil Jain said that the company's volume growth has been more than 13 percent in the first quarter of this fiscal and expects it to be in the excess of 10 percent for the year.

Aim to reduce debt by Rs 200 cr this fiscal: NCC Ltd

In an interview with CNBC-TV18, YD Murthy, Executive VP of Finance at NCC said that the company plans to reduce its debt by around Rs 200 crore and expects to bring down finance cost by Rs 90 crore in this fiscal.

Hiking kerosene price by 50p/L every month, says HPCL CMD Surana

In an interview with CNBC-TV18, MK Surana, CMD of HPCL said that the first quarter GRM does not include inventory gains.

Veteran fund mgr: Richly-valued stocks will get more expensive

The global economy is likely to face strong deflationary pressures over the medium to long term and central banks' easy money policies to counter this trend will likely have implications for stocks, says Chandresh Nigam, MD and CEO of Axis Asset Management Company.