The insurer expects claims to normalise to historic levels now that the pandemic has receded
Canara Bank expects less than 1 percent of the total restructured loan pool to slip into NPAs.
While junior employees will get their increments effective April 1, senior employees’ salary increases will be rolled out in July.
C Vijayakumar is confident that in the next five years, the industry’s growth will outpace its growth in the past five years. The IT services sector can definitely record double-digit growth, said the HCL Tech CEO
CFO Prateek Aggarwal said that at the back of the COVID-19 pandemic, enterprises across the board are accelerating their technology adoption and this process will take years to be completely digital.
For the quarter ended December 2019, the technology vertical, accounting for about 12.3 percent of the overall revenue, declined 3.7 percent sequentially.
Without divulging details about the $1.2 billion binding bid that Yes Bank received last week, Gill said it was backed by a "large US financial institution."
The fact that subscription revenues have gone up shows that the new tariff order has been beneficial to the broadcasters, Rahul Joshi, MD of Network18 Media & Investments and TV18 Broadcast said in an interview to CNBC-TV18 on the quarterly earnings.
Heavy debt and receivables stuck in the Uttar Pradesh EPC order impacted the finance cost of the company in Q1
In India, defence modernisation is another focus area for the company. The company recently signed Rs 300 crore defence contract.
Watch Rahul Joshi, Managing Director and Group Editor-in-Chief of TV18 and Network18 and Sudhanshu Vats, Managing Director, Viacom18 share details of the fourth quarter results in an interview with CNBC-TV18.
Managing Director SK Hota said going forward, every quarter is expected to be a better quarter.
JLR is facing stress and it is visible in the EBITDA margins, said SBICap's Mahantesh Sabarad.
'Should be able to reduce NPA to below 12 percent by March 31," said Rakesh Sharma, CEO of IDBI Bank.
Kumar said that the exposure is secured, serviceable and the cash flows are positive
Gagan Banga, Managing Director of Indiabulls Housing Finance, said the company has taken some small developers to the NCLT.
'Expect to be able to continue to drive profitable growth in Q4 and in FY20,' said CEO Vivek Gambhir.
Shoppers Stop crossed Rs 500 crore sales per month for the first time ever in December, CEO Rajiv Suri said.
'We remain interested in inorganic growth, we have the currency and we will continue to evaluate every opportunity that comes our way', HDFC Life's CEO Vibha Padalkar said.
TCS posted a 24 percent YoY rise in profit at Rs 8,105 crore for the third quarter.
The company reported weak earnings with a 38 percent fall in the revenue.
Hopeful of large corporate recoveries worth about Rs 2,000 crore from the accounts under insolvency, Bank of India chief Mohapatra is also banking on recovery from assets put up on sale and one-time settlement of NPAs.
SK Hota, the company's MD, added that liquidity was not an issue for retail home loan players.
Umang Vohra, Cipla's Managing Director, said some of the tender businesses are growing 40 percent lower than last year.
On the credit cost, Kumar said for the second quarter is at 1.99 percent, which is in line with the guidance of 2 percent for FY19.