Shares of Equitas Holdings and Ujjivan Financial Services — holding companies of two south-based small finance banks (SFBs) —on Friday slumped to their lifetime lows after the Reserve Bank of India (RBI) directed both fir
ICICI Bank on Friday reported a 56% year-on-year (y-o-y) fall in its standalone net profit to Rs 909 crore for the September quarter owing to a 39% y-o-y decline in non-interest income to Rs 3,156 crore.
Chennai-headquartered Indian Overseas Bank (IOB) on Friday reported a net loss of Rs 487.26 crore for the July-September quarter, against a net loss of Rs 1,222.50 crore in the same quarter last fiscal, thus paring the loss b
Kerala-based NBFC Manappuram Finance on Friday said it is in the process of diversifying into a slew of verticals like commercial vehicles loan, affordable housing finance and MSME sector lending, beyond its core areas of gol
Slower-than-projected growth in revenue, especially tax and disinvestment receipts, resulted in the Centre’s fiscal deficit in the first six months of this fiscal to be about Rs 5.95 lakh crore, or 95.3% of the full-year ta
Maruti Suzuki India (MSIL) on Thursday reported a near 10% year-on-year decline in net profit to Rs 2,240 crore for the quarter ended September, mainly due to a flat top line, higher commodity costs and a weaker rupee.
The Gujarat government had approached the SC following a high-powered committee’s recommendations allowing higher tariffs and a 100% pass-through of tariffs to consumers, which would require an amendment to the existing PPA
The Reserve Bank of India should release a sector-wise break-up of agricultural credit, experts said on Thursday, stating that this would help result in a more productive use of the funds for the sector.
The competitive pressure on the company since the commercial launch of Reliance Jio which has led to a tariff war continues unabated and was reflected in the earnings of the India business, where it posted a net loss of Rs 1,
The Bharat Heavy Electrical (BHEL) stock skid 7.4% on Thursday as the company missed street earnings forecasts, even as it reported a 60.5% year-on-year (y-o-y) rise in net profit to Rs 185.2 crore for the three months to Sep
The second edition of the India Mobile Congress, which began on Thursday, saw the heads of the country’s three biggest telecom operators share their vision for the sector which is going through a turmoil financially.
Private-sector lender Yes Bank on Thursday reported a net profit of Rs 964.7 crore for the quarter ended September, down 3.8% from the corresponding figure in the same quarter last year, as provisions shot up 110% year-on-yea
The country's groundnut crop is likely to come down to 37.35 lakh tonne for the season 2018-19 from 53.75 lakh tonne the previous season, according to estimates released by the Solvent Extractors Association of India (SEA) on
General insurance companies posted a 12.8% year-on-year growth in their gross direct premium underwritten at Rs 81,824.66 crore for the first six months of the current financial year, against Rs 72,546.43 crore in the year-ag
Bharti Airtel’s UK subsidiary Airtel Africa on Wednesday announced that a group of six global investors led by Warburg Pincus, Temasek, Singtel and SoftBank Group International will invest $1.25 billion (around Rs 9,141 cro
Emphasising on the urgent need to move to a cleaner fuel as early as possible, the Supreme Court on Wednesday directed that only Bharat Stage VI (BS-VI) vehicles shall be sold across the country from April 1, 2020.
In order to address the renewable energy sector’s anxiety stemming from low tariffs discovered in the recent auctions, seen by many as unviable, more flexibility should be introduced in market design, tariff structuring and
Software company Wipro on Wednesday posted a 9.9% decline in its audited consolidated net profit (quarter-on-quarter) for the July-September period despite benefits for the rupee depreciation and a major big deal win.
IndiGo co-founder and interim CEO Rahul Bhatia, in an investor call, on Wednesday said that the airline will look at any opportunity that the current aviation market throws up along with its growth strategy of growing organic