-
Growth is believed to be accelerating in the current July-September quarter, fueled by still-free-spending consumers.
-
India faced its worst power crisis in over six years in April 2022 due to higher electricity demand because of a sudden heatwave, despite record production by CIL during the year ended March 2022. Yet, the majority of the thermal power plants had coal stocks at critical levels primarily because of logistical issues in coal transportation.
-
The company's mined metal production was at 2,48,000 tonnes in the corresponding quarter of previous fiscal.
-
IT solutions provider Infosys' profit beat analysts' expectations, rising 4.9 percent to Rs 3,606 crore in July-September quarter but reduced full year guidance considerably due to uncertain external environment.
-
Many analysts expect the economy to grow only moderately in the current quarter as companies remain hesitant to use their record profits for wage hikes, underscoring the challenges premier Shinzo Abe faces in pulling Japan sustainably out of stagnation with his "Abenomics" stimulus policies.
-
The demand during the corresponding period last year stood at 238.2 tonnes. In terms of value, the demand was up 5.8 percent to Rs 62,939 crore compared with Rs 59,480 crore in Q3 last year, Gold Demand Trends report of WGC said.
-
Despite a USD 1.7 billion rescue in May, its second major package in three years, persistent losses have meant Sharp is struggling to make the investments it needs to keep its screen business competitive.
-
The Coimbatore-based firm registered net profit at Rs 2.27 crore during the same period previous year.
-
Samsung said it would cancel all shares purchased through the buyback, its biggest to date, and planned to give shareholders 30 percent to 50 percent of its free cash flow over the next three years, primarily through dividends.
-
Consolidated revenue rose by 1.8 percent to Rs 588 crore in July-September quarter compared to Rs 577.6 crore in previous quarter.
-
Consolidated total income from operations grew by 23 percent to Rs 1,681 crore in the quarter ended September 2014 compared to Rs 1,365 crore in same quarter last year.
-
Analysts feel Sikka‘s failure to articulate a clear strategy could disappoint as the stock has run up sharply leading up to the results. The stock gained 15 percent since June 12 but year-to-date it underperformed peers - it rose 5 percent while its rivals TCS, Tech Mahindra and HCL Technologies shot up 23-33 percent, and Wipro rose 7 percent.
-
The cloud-based solutions provider has posted a profit after tax of Rs 4.14 crore, up 31.43 crore compared to Rs 3.15 crore in previous quarter. Revenue during the same period climbed 29 percent to Rs 27.08 crore from Rs 20.99 crore.
-
Last fiscal, Nevyeli Lignite Corporation had spent Rs 1,827.91 crore on capex, as against the target of Rs 1,687 crore. NLC's capex target for the 2014-15 is Rs 3,837.95 crore.
-
Cigarette business, which is the major driver for ITC - accounts for 40 percent of total revenues, will be closely watched by analysts. The street will watch cigarette volume trend post price hikes taken during the quarter and update on 64mm segment.
-
India's largest lender State Bank of India's (SBI) on Friday reported a forecast beating 30% year-on-year jump in its second quarter (July-September) net profit at around Rs 3,660 crore, aided by lower provisions against bad assets. However, the net interest income (NII) fell short of market expectation and rose 5.3% to Rs 10,973 crore.
-
Kerala-based gold loan company Manappuram Finance on Thursday reported more than 20% year-on-year drop in its second quarter (July-September) net profit at around Rs 108 crore in 2012-13; due to rise in borrowing costs and some operating expenditures.
-
Aided by other income and robust loan growth, state owned Central Bank of India's second quarter (July-September) net profit shot up 35% year-on-year to Rs 330 crore in 2012-13. Net interest income or the difference between interest earned and paid out, was up 9% y-o-y at Rs 1,516 crore.
-
Pubilc sector lender Canara Bank's net profit fell higher-than-expected 22 percent year-on-year to Rs 661 crore in the second quarter of current financial year.
-
Kolkata based state owned lender Allahabad Bank's second quarter (July-September) net profit plunged 52% year-on-year to Rs 234 crore in 2012-13. Higher provisions against bad loans eroded its profit margin.
-
Kerela-based State Bank of Travancore‘s (SBT) second quarter (July-September) net profit rose more than 16% year-on-year to Rs 136 crore in 2012-13. Net interest margin or the difference between interest earned and paid out in terms of percentage stood at 2.50% as against 2.48% in the previous quarter and 2.63% in Q2, FY12.
-
LIC Housing Finance (LICHF) on Wednesday reported a sharp rise in its second quarter net profit by 147% year-on-year to Rs 243 crore in 2012-13, on the back of lower provisions against bad loans. Net interest income or the different between interest earned and paid out, increased 6% y-o-y to Rs 354 crore.
-
The Reserve Bank of India on Tuesday left its key policy rate unchanged in its second quarter (July-September) monetary policy. However, it cut cash reserve ratio by 25 basis points to 4.25%.
-
India's second largest state-owned lender (in terms of total book size) Punjab National Bank's (PNB) second quarter (July-September) net profit fell nearly 12% year-on-year to Rs 1,066 crore in 2012-13.
-
India's largest private sector lender ICICI Bank on Friday reported a forecast beating 30% year-on-year jump in its second quarter net profit at Rs 1,956 crore, bolstered by robust loan growth and other income. Net interest income or the difference between interest earned and paid out, grew 35% to Rs 3,371 crore.
