FE Bureau

Chola profit rises 49% to Rs 305 crore

Cholamandalam Investment and Finance Company (Chola), the financial services arm of the Murugappa Group, on Tuesday reported a 49.5% rise in its net profit at Rs 305 crore for the second quarter against Rs 204 crore in the sa

Industry News

After ten quarters of losses, Bank of Maharashtra posts Rs 27-crore profit in July-September

After 10 consecutive quarter of losses, Bank of Maharashtra has posted net profit of `27 crore during the Q2FY19. The bank had reported a net loss of `23.24 crore in the same quarter previous year.

Banking & Finance News

Lenders seek bids for Coastal Energen

Lenders to Coastal Energen, led by State Bank of India (SBI), on Tuesday sought bids for a 51% stake in the company for the second time in five months.

Banking & Finance News

Clear FRP dues and then crush: Maharashtra farmers to sugar mills

Nearly 20 sugar factories in the state still owe farmers Fair and Remunerative Price (FRP) dues to the tune of `125 crore and their crushing licenses for the season of 2018-19 have been withheld by the State Sugar Commissione

Industry News

Recovery in natural rubber prices unlikely in 2019 due to demand-supply fundamental

Demand-supply fundamental along with other factors do not favour a recovery in natural rubber (NR) prices during 2019, Jom Jacob, senior economist of Association of Natural Rubber Producing Countries (ANRPC) said here on Tues

Commodities News

Housing Finance: Regulator sanctions Rs 11,135 crore to HFCs in just 19 days

NHB data show the run-down rate for home loans at around 25% — implying the duration of about four years, compared with contracted maturities of 10-20 years.

Industry News

Essar Steel: Ruias may go to court on offer by ArcelorMittal

The Ruias, who have offered to pay `54,389 crore to clear their dues to the lenders of Essar Steel, are likely to challenge the resolution plan submitted by ArcelorMittal, persons close to the Ruias confirmed to FE.

ruias, ruias news, National Company Law Tribunal News

Rupee rescue: India and Japan sign record $75-billion currency swap deal

India and Japan on Monday signed a pact to raise the scope of a bilateral currency swap arrangement to a record $75 billion, aimed at bringing in greater stability in the foreign exchange and capital markets, amid a slide in

rupee. rupee news, rupee news now News

Arvind to list brands, engineering businesses by January 2019

The listing of the brands and engineering businesses of Arvind will be done in January 2019, Kulin Lalbhai, executive director, told a news channel on Monday.

National Company Law Tribunal's News

Big connectivity boost: Metro rail projects on in 15 cities, says HS Puri

The metro rail policy also enables greater private participation and innovative financing through transit-oriented development and value capture finance.

Infrastructure News

India Cements to acquire Springway Mining for Rs 183 crore, set up MP unit

As part of its strategy to become a pan-India player and to cash in on the expected strong revival in cement demand, south India's leading cement player India Cements has announced that it will be acquiring Springway Mining,

Industry News

Tata Trusts withdraws writ against I-T department’s notices

On April 26, 2018, the Bombay High Court had stayed the income tax department notices to six Tata Trusts to show cause as to why their registration, under Section 12A of the Income Tax Act, should not be cancelled.

Industry News

Tata Power consolidated Ebitda down 4.5% in Q2, margins decline 275 bps

Power purchase costs rose 13.05% Y-o-Y to Rs 1,706 crore, while fuel costs rose 4.90% to Rs 2,653 crore.

Industry News

Union Bank posts Rs 139-crore net on lower provisioning in Q2

Union Bank of India on Monday reported a surprise net profit of `139 crore for the September quarter of FY19 on lower provisioning for bad loans. The bank had reported a net loss of `1,531 crore in the corresponding period of

union bank of india, Q2FY18, News

HDFC AMC net profit jumps 15% to Rs 206 crore

HDFC Asset Management Company (AMC) posted a 15% increase in its net profit at `205.9 crore for the three months ended September on the back of similar growth in revenues. Revenue of HDFC AMC for the quarter rose 13% to `515.

HDFC, HDFC Asset Management Company, HDFC AMC, AUM News

HDFC Bank gets RBI nod to retain Aditya Puri as MD & CEO for two more years

The Reserve Bank of India (RBI) has given its approval to reappoint Aditya Puri as managing director and chief executive officer of HDFC Bank till October 2020.

RBI, RBI NEWS, latest news, important news

SBI to sell 26% stake in arm to form payments joint venture with Hitachi

State Bank of India (SBI) on Monday said it has signed an agreement with Japan’s Hitachi Payment Services to sell a 26% stake in subsidiary SBI Payment Services and form a joint venture (JV) for a card acceptance and digita

Industry News

Wealth Wish-List: A diversified investment portfolio can help you get rich faster

In Asia, Africa and the Middle East, many economies are experiencing rapid growth, allowing people to benefit from new found wealth and, as a result, new opportunities.

Markets News

Gujarat APMCs to go on strike from November 1

Saurashtra APMC Vepari Association has asked Gujarat chief minister and agricultural minister to implement the AASHA Umbrella scheme in the state. The farm body is awaiting reply from the government.

Commodities News

Ayodhya’s Ram Janmabhoomi-Babri Masjid Title Suit: UP govt wanted speedy hearing, SC says list for January

Solicitor General Tushar Mehta, who appeared for the UP government before a bench of Chief Justice of India Ranjan Gogoi and Justices S K Kaul and K M Joseph, said it was over a hundred-year-old dispute and should be accorded

India News

Festive season: Bad news for car & bike industry! Lower than expected sales this year

Demand is all but fizzling out say dealers; sales during the Navratri period have been down by 10-20%.

Industry News

Modi’s farm irrigation scheme: Are big funds serving the purpose? Data tells a sad story

When Prime Minister Narendra Modi launched PMKSY in July 2015 and set the target to complete the 99 projects by December 2019, the total cost was estimated at Rs 77,595 crore, including Rs 29,000 crore for command area develo

Economy News

Earnings season: India Inc reels under input costs, margins pressured

Companies have found it difficult to push through volumes and very few have been able to take price hikes to pass on the increase in raw material costs.

Industry News

Distant Dream: Home buyers stay away despite new launches, hefty discounts

Builders are keeping their fingers crossed since 2018 is the first year after two years of disruptions — demonetisation and RERA and GST.

Economy News

The Rupee conundrum: Exports may go up but oil imports set to surge, inflation & deficit could worsen

Falling Rupee may help exports, but oil imports are set to surge while inflation and deficit could worsen

Opinion News

Data connectivity: How IoT can make Indian cities smart

With cheaper data plans and higher mobile penetration, many more services will be provided through cloud sourcing or a mobile-first strategy.

Industry News

Why you should have an accident insurance cover

Payout after an accident depends upon the kind of injury one suffers: If an accident causes death, the claim payout would be 100% of the sum insured, and for permanent partial disability, it could be up to 75% of the sum assu

Insurance News
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