This move can suck liquidity out of the system and induce more risk
The bank’s Net Interest Margins (NIMs), that have largely remained in the tight range of 4.2-4.4 percent, slipped to the lower rung after more than a year.
Declining demand for sanitaryware category in India is also impacting several unorganised players based in Thangadh and Morbi regions of Gujarat
There are other ways of protecting small investors and dampening trading interest in a stock. Increasing margins is one key example.
The Indian tractor industry could clock strong double-digit volume growth this year provided monsoons pan out as well as expected, said Bharat Madan, CFO of Escorts in an interview to CNBC-TV18.
A remarkable swing in overseas performance is likely from January, says Pradeep Bajoria, MD of IFGL Refractories.
In an interview to CNBC-TV18, Vikram Udeshi, CFO of Jayant Agro-Organics spoke about the results and his outlook for the company.
Sanjay Bahl, Group CFO, Raymond is upbeat of topline in fourth quarter to be better than the third quarter which was impacted due to demonetisation. He expects liquidity to ease in the fourth quarter and benefit the tier 2 and tier 3 markets
IT firm to buy 100 percent stake in US-based Certon Software in an all cash transaction for $7.5 million. The company's management expects the acquisition to be marginally EPS accretive.
North Eastern Carrying Corporation has bagged a Rs 400-crore order from Tata Steel. In an interview to CNBC-TV18, Utkarsh Jain of North Eastern said the order from Tata Steel will be completed in three-four quarters.
The company reported one of their biggest order wins in its quarterly results. However, challenges related to moderate execution as well as volatility among top clients may be hitting revenues
Havells India CMD, Anil Rai Gupta, says the impact of demonetisation may not be seen in the fourth quarter. The electrical equipment manufacturer reported increased profit at 27.5 percent year-on-year in the quarter ended 2016.
In an interview to CNBC-TV18, Vimal Kejriwal, MD & CEO of KEC International spoke about demonetisation and its impact on the business.
The December sales for the automobile sector have been hit due to the demonetisation. Atul Auto reported a 36.18 percent decline in sales to 2,5556 units.
On demonetisation Vivek Gambhir, MD, Godrej Consumer Products Limited, had said that the India business is impacted by liquidity crunch more than demand crunch. Now, he is of the opinion that there will be pickup in demand in December and the company will grow in double digits.
Witnessed slowdown in sales in the first three days post demonetisation, says Pius Thomas, ED-Finance at Page Industries.
Tamboli Capital is into complex investments casting. Company's promoter Vaibhav Tamboli says, 90 percent of company's income comes from global markets. Company's margins are at record levels.
In an interview with CNBC-TV18, Manu Parpia, MD & CEO of Geometric, said 1 percent depreciation in rupee normally has 0.3-0.4 percent positive impact on margin.
EBITDA was down because of a drop in import parity price of Urea and topline was impacted due to discontinuation of one product, said Suresh Worrior, Director Finance, RCF.
Prakash Diwan of Altamount Capital Management said the second quarter numbers look good mainly because in the previous quarter the auto segment was weak. The concern is that the company has not yet been able to launch anything on the diesel side.
In an interview to CNBC-TV18, Arvind Kajaria, MD of Intrasoft Technologies spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, S Meenakshisundaram, CFO of Sundram Fasteners spoke about the results and his outlook for the company.
Westlife Development envisages doubling the number of restaurants by 2022 and plans investment of Rs 150-200 crore every year on it, says Vice Chairman Amit Jatia.
In an interview to CNBC-TV18, MP Taparia, MD of Supreme Industries spoke about the results and his outlook for the company.