FE Bureau | January 20, 2018 5:15 AM
The country’s largest telecom operator, Bharti Airtel, will spend `25,000 crore on capex in the next financial year, with majority of the spend to be utilised in India, where the company is in the midst of launching VoLTE services, as well as on expanding its network.
FE Bureau | January 20, 2018 5:09 AM
Jubilant Foodworks, the company behind Domino’s Pizza and Dunkin Donuts, posted a strong 230% year-on-year increase in net profit for the quarter ended December 31, 2017, to Rs 66 crore.
FE Bureau | January 20, 2018 5:04 AM
Cigarettes-to-hotel-to-FMCG major ITC on Friday reported a 16.75% year-on-year rise in its standalone net profit to Rs 3,090.20 crore for Q3FY18.
FE Bureau | January 20, 2018 4:59 AM
The Mukesh Ambani-led Reliance Retail on Friday reported an 82% jump in profit before depreciation, interest and taxes (PBDIT) to Rs 606 crore for Q3FY18, driven by improved performance across formats.
FE Bureau | January 20, 2018 4:54 AM
Wipro reported tepid results for Q3FY18 with flat revenues. However, the IT major remained confident about its prospects for 2018, saying the pipeline of deals remained strong with the digital segment accounting for 25% of its business.
FE Bureau | January 20, 2018 4:50 AM
Takes a one-time financial hit of Rs 317.50 crore due to insolvency of a client from energy, natural resources and utilities vertical
FE Bureau | January 20, 2018 4:43 AM
In a dampener to already slowed construction of the Rs 7,525-crore multi-purpose port and international transhipment terminal in Kerala — Vizhinjam Adani Port — its CEO Santosh Mohapatra has resigned.
FE Bureau | January 20, 2018 3:52 AM
HDFC Bank on Friday reported a 20% year-on-year (y-o-y) growth in net profit for the quarter ended December to Rs 4,642.6 crore on the back of an 18% y-o-y rise in income, despite an 89% jump in provisions.
FE Bureau | January 20, 2018 3:53 AM
Kotak Mahindra Bank on Friday reported a 19.72% rise in its standalone net profit to Rs 1,053.21 crore in the third quarter of FY18 compared to Rs 879.76 crore in the same period last fiscal.
FE Bureau | January 20, 2018 3:32 AM
Kotak Mahindra Bank reported a 20% rise in standalone net profit for the third quarter of FY18.
FE Bureau | January 20, 2018 3:26 AM
HDFC Standard Life on Friday reported a 14.77 % growth in Profit After Tax at Rs 207.32 crore against Rs 180.63 crore during the same period in the previous year.
FE Bureau | January 20, 2018 3:19 AM
IDFC Bank, a subsidiary of IDFC Ltd, on Friday reported a 23.6% year-on-year drop in its third quarter net profit to Rs 146.11 crore, hurt by lower income and higher expenditure.
FE Bureau | January 20, 2018 3:15 AM
Lending rates are set for a pause and then an upmove if the present liquidity conditions persist, Paresh Sukthankar, deputy managing director, HDFC Bank, told reporters after the bank’s Q3 results.
FE Bureau | January 20, 2018 3:04 AM
The initial public offering of Amber Enterprises concluded on Friday and was subscribed by a whopping 165 times.
FE Bureau | January 20, 2018 2:59 AM
Navi Mumbai based specialty chemicals company, Galaxy Surfactants is planning to raise around Rs 937 crore from its initial public offering (IPO). In 2011, Galaxy Surfactants had entered the capital markets to raise over Rs 200 crore through its initial share sale.
Ultratech reported revenue growth at 35% y-o-y primarily on volume growth aided by ramp up of JP assets.
DCB Bank reported strong growth this quarter. Operating Profit came in at Rs 123 crore. for Q3FY18 as against Rs 109 crore in Q3 FY17 registering robust growth of 12%.
FE Bureau | January 19, 2018 5:03 AM
Coal-based thermal power plants generated 87.8 billion units (BU) of electricity in December 2017 · about 2 BU less than the production in the corresponding month in 2016.
R Ravichandran | January 19, 2018 4:58 AM
UAE-headquartered KEF Infra, a pre-fabricated (prefab) building manufacturer with its plant at Krishnagiri in Tamil Nadu, has decided to set up end-to-end manufacturing plants in Hyderabad, Lucknow and Mumbai with an estimated investment of $300 million over the next two years to capitalise on the increasing demand for its prefab buildings across sectors.
Bhavik Nair | January 19, 2018 4:52 AM
ABJA will use the proceeds to refinance Tata Steel’s short-term debt, says S&P Global Ratings
FE Bureau | January 19, 2018 4:44 AM
In yet another day of heated arguments at the Mumbai bench of National Company Law Tribunal (NCLT), Tata Sons’ senior counsel Abhishek Manu Singhvi on Thursday countered Cyrus Mistry’s allegation that he was removed because he was a “crusader or a whistleblower” of the alleged mismanagement in AirAsia and Tata Power.
FE Bureau | January 19, 2018 4:38 AM
A sharp increase in operating costs, primarily due to rise in prices of pet coke and coal impacted the standalone net profit of UltraTech Cement, which came in lower by 25% year-on-year at Rs 423 crore for the three months ended December 31, 2017, in line with Street estimates.
Anushree Bhattacharyya | January 19, 2018 4:33 AM
Online classifieds portal Quikr India posted a 55% jump in its standalone revenues at Rs 63.7 crore in the previous financial year, according to filings with the Registrar of Companies (RoC) and research platform Tofler.
FE Bureau | January 19, 2018 4:30 AM
Biopharma major Biocon on Thursday said it has entered into a global partnership with Sandoz, a Novartis division, to develop, manufacture and commercialise multiple biosimilars in immunology and oncology.
FE Bureau | January 19, 2018 3:17 AM
Total assets grew by 36.2% year-on-year to Rs 2.65 lakh crore, deposits grew 29.7% to Rs 1,71,731.40 crore
FE Bureau | January 19, 2018 3:10 AM
Bankers need to protect their interest by strictly enforcing the covenants, properly pricing their risks, and reacting to early warning signals about the incipient stress building up with their borrowers, RBI deputy governor NS Vishwanathan said at an event organised by CARE Ratings on Thursday.
Shayan Ghosh | January 19, 2018 3:06 AM
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a petition by Monnet Ispat’s resolution professional against the ministry of coal for issuing a termination notice of its coal mine in Chattisgarh.
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