Aug 23, 2012 08:20 PM IST
The Reserve Bank today said real lending rates nearly halved in FY12 to 3.8% from about 7% in the pre-crisis period of 2003-04 to 2007-08.
- Jul 17, 2012 11:52 AM IST
Pune-based non-banking finance company Bajaj Finance on Tuesday reported a 53% year-on-year jump in the first quarter net profit at Rs 139 crore, bolstered by higher rate of loan disbursals that grew 32% to about Rs 4,730 crore from a year ago.
- Jul 11, 2012 03:20 PM IST
India's top IT services provider Tata Consultancy Services is expected to put up a better first quarter performance than rival Infosys which will announce its first quarter results early Thursday.
- Jun 18, 2012 01:22 PM IST
The "India Shining" marketing slogan was created back in 2004 by the BJP and truly India Inc lived up to it for as many as seven years in a row. But sadly this is about to change and clear signs of it now visible from both market and macro data reported in last one year.
- May 30, 2012 01:58 PM IST
Colgate Palmolive India's fourth quarter net profit rose 15% year-on-year to Rs 131 crore, helped strong volume growth led by toothpastes and price hikes taken to offset price hikes.
- May 11, 2012 02:20 PM IST
Private sector lender Federal Bank on Friday reported a jump of 38% year-on-year in its fourth quarter (Jan-March, FY12) net profit, aided by higher interest income and lower provisioning. Net interest income or the difference between interest earned and paid out, rose nearly 10% to Rs 491 crore.
- Apr 26, 2012 06:00 PM IST
Mahindra Holidays and Resorts plans to aggressively tap India's tier II towns to expand its membership base as it aims to boost sales, and arrest fall in its profits.
- Apr 25, 2012 09:55 AM IST
India's third largest software services provider Wipro's consolidated net profit for the fourth quarter rose 7.7% year-on-year to Rs 1,481 crore, in-line with market expectations. However, shares plunged over 7% on opening on Wednesday after the street was disappointed with its muted guidance for the first quarter.
- Apr 17, 2012 02:05 PM IST
MindTree shares jumped over 10% on Tuesday after the software service provider reported better-than-expected earnings in the fourth quarter.
- Apr 17, 2012 12:05 PM IST
MindTree has reported a growth of 115.31% YoY and 13.7% QoQ in its net profit at Rs 68.9 crore for the fourth quarter of FY12.
- Apr 17, 2012 11:43 AM IST
Tata Motors' domestic passenger car business had a bumpy ride in 2011-12 (April-March). But its luxury Jaguar and Land Rover unit has seen strong sales growth overseas, especially since the launch of the Range Rover Evoque crossover. This has prompted CLSA to upgraded Tata Motors to a "buy" from its earlier "outperform" rating.
- Apr 02, 2012 04:30 PM IST
Maruti Suzuki's sales rose 3.3% in April at 1,25,952 units, up for the third consecutive month. But things haven't been as rosy for Maruti Suzuki for most of the last fiscal year. Demand for passenger cars slumped after a sharp rise in interest rates and several rounds of petrol price hikes.
- Apr 02, 2012 11:11 AM IST
Maruti Suzuki reported a lower-than-expected sales growth of 3.3% year-on-year in March as strong demand for its Swift and DZire cars was offset by a decline in sales across its mini, van and mid-size segments.
- Jan 13, 2012 02:05 PM IST
The Infosys shock of a flat fourth quarter guidance and a cut in current fiscal US dollar revenue growth on Thursday, has prompted many analysts to cut their fiscal 2013 revenue forecasts.
- Jan 12, 2012 03:40 PM IST
Technology bellwether Infosys reported a better-than-expected results for the third quarter, but disappointed the street with a flattish guidance for the fourth quarter and a cut in US dollar revenue forecast for the full year.
- Jan 12, 2012 09:17 AM IST
Infosys touched an intraday high of Rs 2,744 and an intraday low of Rs 2,642.90. At 09:16 hrs the share was quoting at Rs 2,652.65, down Rs 173.35, or 6.13%.
- Dec 15, 2011 02:50 PM IST
With nearly half of total revenues coming from exports, the recent sharp deprecation in rupee spells good news the pharma sector. The rupee has depreciated against the US dollar in recent months. It even breached the 54 mark against the US dollar on Thursday and was trading around Rs 54.18 in afternoon session.
- Oct 31, 2011 11:46 AM IST
Maruti Suzuki disappointed the street with much lower than expected second quarter results; the stock slid over 5% early on Monday as investors went for the exit.
- Oct 25, 2011 03:01 PM IST
Department store operator Shoppers Stop is expecting a sparkling Diwali and sees like-to-like sales growth in high single digits this fiscal, helped by pickup in volumes.
- Oct 21, 2011 11:43 AM IST
Bajaj Auto shares recovered on Friday, rising 1.4% at Rs 1,635.75 on NSE, after getting thumbs down by the street on Thursday following a mixed results announcement for July-September.
- Oct 12, 2011 02:00 PM IST
It took a beating over a disappointing first quarter and then uncertain global economic environment. However, Infosys shares have seen good momentum over the last one month rising over 15% as the rupee has depreciated.
- Oct 07, 2011 10:00 AM IST
India's economic growth is likely to remain below 8% in the coming quarters owing to aggressive monetary tightening and worsening global prospects, Citigroup said in a research report.
- Aug 12, 2011 02:00 PM IST
Chairman and managing director, KK Singh gave guidance for the next year that they would do 15% for both, margins and revenues. The company had begun an Intellectual Property (IP) oriented company and saw an improvement in its margins. The company’s order book is also getting healthier now, he added.
- Jul 29, 2011 05:07 PM IST
Japanese drug-maker Daiichi Sankyo today reported a 23.5% drop in net income to 25.30 billion yen (USD 326 million) for April-June, 2011, on account of weak sales by its Indian unit Ranbaxy Laboratory, coupled with earthquake-related damage costs.
- Jul 29, 2011 01:04 PM IST
India-focused mining group Vedanta posted record first-quarter core earnings, driven by continued strength in metals prices and higher zinc production.