US economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years.
Accruals from licence fee payments in the telecom sector have fallen from Rs 3,975.6 crore in the first quarter to Rs 3,450 crore in the third quarter of the current fiscal, the Parliament was informed today.
With the GDP growing by 7 percent in the third quarter, India Inc said the economy is getting back on track yet reforms are needed to revive investments and push demand hit by note ban.
According to the statement, standalone generation stood at 13,022 MUs (million units) in Q3 FY'17, as against 12,032 MUs during the same quarter of FY'16.
Speaking to CNBC-TV18, Madhavan Menon, MD, Thomas Cook said the company was affected by demonetisation for a short period and bookings for 2017 summer season is back to normal.
Infrastructure major IVRCL today reported narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016.
Ramky Infrastructure today returned to black posting a net profit of Rs 27.63 crore in the third quarter ended December 2016.
PC Jeweller today posted a 27.39 percent fall in its standalone net profit at Rs 106.97 crore in third quarter of 2016-17 due to poor domestic sales following demonetisation.
Agrochemicals maker PI Industries today posted a 32.65 percent jump in standalone net profit at Rs 93.97 crore in the third quarter of 2016-17 on lower expenses and tax outgo.
Tours and travel firm Cox & Kings today reported a 84.81 percent decline in its consolidated net profit at Rs 15.23 crore for the third quarter ended December 2016.
Diversified firm Godrej Industries today reported a consolidated net profit of Rs 89.95 crore for the third quarter ended December 31, 2016.
Fortis Healthcare today reported a net profit of Rs 453.29 crore for the third quarter ended December 31, 2016-17.
Speaking to CNBC-TV18, Irfan Razack, CMD of Prestige Estates said that the company will not be able to meet its FY17 new sales guidance and will have to scale it down.
The company had clocked a net loss of Rs 25.33 crore for the corresponding quarter of 2015-16 fiscal, it said in a BSE filing.
Diversified PSU Balmer Lawrie & Co today reported a net profit of Rs 26.08 crore for the third quarter ended December 31, 2016, against Rs 33.47 crore in the year-ago period.
The state-run trading firm MMTC today reported a net profit Rs 74 crore for the third quarter to December, much higher than the Rs 19.89 crore a year ago, on account of higher income.
Petronet LNG Ltd, India's biggest liquefied natural gas importer, has more than doubled its net profit to Rs 397 crore in the third quarter ended December 31 as it handled record volumes of imported gas.
Aluminium maker Nalco today recorded a 2.67 percent dip in its standalone net profit at Rs 143.92 crore for the third quarter ended December 2016.
GlaxoSmithKline (GSK) Consumer Healthcare Ltd today reported a 8.25 per cent decline in its standalone net profit at Rs 136.41 crore for the third quarter ended on December 31, 2016, on the account of lower sales.
Bakery and dairy product maker Britannia Industries today reported 4.59 percent increase in consolidated net profit at Rs 220.49 crore for the third quarter ended December 31, 2016.
Group Chairman Vivek Chaand Sehgal said Motherson Sumi recorded highest-ever quarterly revenue and best-ever net profit in Q3FY17. adding, the company looks to garner more from global units. For this, it plans to set up 9 new plants, of which 6 will be based globally, he said.
Speaking to CNBC-TV18, Shalabh Mittal, MD and CEO of Mercator said that the company is focused on deleveraging its balancesheet and has brought down debt to Rs 2,000 crore against Rs 3,000 crore in the first 9 months of FY17.
In an interview with CNBC-TV18, Gurdeep Singh, CEO-Consumer Business, Reliance Communication said that it was a difficult quarter for the telecom industry given the unprecedented competition intensity.
Speaking to CNBC-TV18, Sam Ghosh, ED and group CEO at Reliance Capital said that the company will reduce its debt through stake sales and intends to bring down to Rs 5,000 crore in FY18.
Bank of Baroda has a decent pipeline for loan growth and is not looking to cut its lending or deposit rates currently, says MD and CEO PS Jayakumar,