FE Bureau

Farm credit flows need better monitoring: Experts

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.

Economy News

Airtel beats estimates with Rs 119-crore profit, gain of Rs 1,013 crore helps in 23% rise in net

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,

Industry News

BHEL shares slump as Q2 net misses estimates

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

Industry News

JSW Steel posts near-three times jump in Q2 netto Rs 2,087 crore

JSW Steel reported a near-three times jump in its consolidated net profit on a year-on-year basis to `2,087 crore in the three months ended September 2018, beating analyst estimates on all fronts.

Industry News

Indian Mobile Congress: Ambani outlines potential, Birla and Mittal rue financial health of telecom sector

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.

Industry News

Yes Bank Q2 net falls 4%; bank has an exposure of Rs 2,620 crore to some SPVs of IL&FS group

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

Industry News

Groundnut output may plunge to 37L tonne

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

Commodities News

After Hours: Daniel Mazon, VC and MD Philips India

A peek into the personal life of Daniel Mazon, VC and MD Philips India

Industry News

General insurers’ H1 gross direct premium rises 12.8 per cent

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

Money News

Airtel Africa to raise $1.25 billion from SoftBank, five others

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

Industry News

Supreme Court’s deadline stays, only BS-VI vehicles can be sold from April 2020

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.

Supreme Court, BS-VI vehicles,  BS-IV norms, BS­VI technology, non-BS-VI vehicles News

Policy flexibility to open renewable energy sector to bond market: Experts

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

Economy News

Kerala floats dividend pension plan for diaspora returnees, person working overseas can deposit a specific amount

The Kerala government has floated a dividend pension scheme for its diaspora returnees, which is also counted to fetch the much-needed resources for the state’s infrastructure development.

Money News

Poor show by Wipro as the tech giant sees 9.9% drop in net profit in September quarter

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.

Industry News

Bajaj Auto margins under pressure, net profit grows 3.6%

Bajaj Auto on Wednesday reported a 3.6% year-on-year (y-o-y) increase in standalone net profits at Rs 1,152.5 crore in the July-September quarter on the back of higher revenues and other income.

Industry News

IndiGo’s CEO Rahul Bhatia says open to acquiring airlines

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

IndiGo, IndiGo CE Rahul Bhatia, Jet Airways, Air India acquisition, IndiGo market share  News

New beginning: Cyrus Mistry announces start-up fund on 2nd anniversary of ouster from Tata Sons

The intent to deliver profit with positive social impact will be embedded in each of the ventures we promote or partner with...Mistry Ventures will focus on providing mentorship and infusing unique capability sets to help sta

Industry News

Bharti Infratel July-Sept net profit falls 6%

Bharti Infratel, the telecom tower arm of Bharti Airtel, on Wednesday reported a 6% year-on-year (y-o-y) decline in net profit at `600 crore for the July-September quarter this fiscal.

Bharti Infratel, Bharti Airtel, Ebitda margin, Indus Towers, Vodafone-Idea merger News

Plunging profits: IndiGo reports Rs 652-crore net loss

Interglobe Aviation on Wednesday reported net loss of Rs 652 crore for the quarter ended September against a profit of Rs 551 crore in Q2FY18.

IndiGo, IndiGo net loss, New Delhi,  indigo Q2FY19, ATF prices, indigo Q1FY19 results News

BSNL and Ericsson tie up for 5G use cases

State-owned telecom operator BSNL and Ericsson on Wednesday announced inking of a memorandum of understanding (MoU) under which both companies will work on developing new 5G use cases, knowledge sharing on 5G technology conce

BSNL Ericsson tie up, Ericsson 5G Center of Excellence, Digital India initiatives, 5G technology  News

Essar Steel bidding: Majority of lenders may vote for ArcelorMittal’s bid

ArcelorMittal’s revised bid promises at least Rs 42,000 crore to the financial creditors; bidding results will be computed by Thursday

Industry News

National Education Policy: Indian education system needs an action plan make it at par with global standards

Intervention will vary from state to state and there will have to be sufficient flexibility in central schemes to accommodate differences amongst states

National Education Policy,  Indian education system, Right to Education Act, no-detention policy,  school education sector News

UDAY discoms: Why states must do their part on last-mile distribution of power and take politics out of it

While the Centre must resolve issues on thermal power generation, coal sector reforms, deployment of smart meters, and transmission, and states have to do their part on last-mile distribution and take politics out of power pr

UDAY discoms, Anil Swarup, discom debt, FRBM act, UDAY launch,  News

Digital banking: Imparting comprehensive digital literacy is crucial in changing times

As part of customer protection, RBI has directed banks to make good the loss on account of unauthorised digital transactions if customers report the same on time

Digital footprints, Digital banking, digital literacy, PMJDY, India Post Payments Bank , digital wallets, RBI, PPI News

SBI General Insurance posts 28% rise in Q2 profit

SBI General Insurance posted a 28.4% increase in its net profit to Rs 104 crore for the quarter ended September, largely due to improved underwriting profits across segments.

Markets News

Asset quality improves as Kotak Bank reports 15% rise in Q2 profit

Kotak Mahindra Bank on Wednesday reported a 15% year-on-year (y-o-y) rise in its standalone net profit to Rs 1,142 crore for the quarter ended September because of a 16.3% y-o-y growth in the net interest income (NII) to Rs 2

Kotak Mahindra Bank, Kotak Mahindra Bank Q2 profit,  NPA, CASA, Karur Vysya Bank News

Analyst Corner: Revising Oberoi Realty rating to‘buy’; TP Rs 550

Oberoi Realty (OBER IN) revenue grew 95% Y-o-Y and was down 33% Q-o-Q to Rs 600 crore, below our estimates on lower revenue recognition from the Esquire project, Goregaon (Rs 110 crore in Q2 vs Rs 400 crore in Q1FY19).

Markets News
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