Q3 Performance: IndusInd Bank net rises 5% on IL&FS exposure

Private sector lender IndusInd Bank on Wednesday posted a 5.2% increase in net profit to Rs 985.03 crore for the third quarter ended December 31, 2018.

IndusInd Bank, IndusInd Bank Q3 Performance, IL&FS exposure News

We expect no loss on the SPVs of IL&FS: Romesh Sobti, MD and CEO, IndusInd Bank

In an interaction with reporters after the announcement of the bank’s Q3 results, managing director and CEO Romesh Sobti said the classification of IL&FS as a standard or non-standard asset doesn’

IL&FS, SPVs of IL&FS, IndusInd Bank, PCR regime, IL&FS crisis News

Ratios of stressed advances, GNPA converging, says RBI

The ratios of stressed advances as a share of all loans and gross non-performing assets (GNPAs) in the system are converging as a result of the February 12 circular, says the Reserve Bank of India’s

RBI, GNPA, FSR, GNPA ratio, Stressed advances News

Analyst Corner: Acceleration in sales growth expected for Agro Chemicals

Agrochemical Industry is showing initial signs of recovery post severe pressures witnessed in the past 3 years mainly due to adverse timing & spatial distribution of rainfall, lower than expected pest

Agro Chemicals, Agrochemical Industry, DAGRI, BYRCS, CAGR News

Analyst Corner: Maintain ‘Buy’ with Target Price of Rs 1,255 on HCL Technologies

We recently hosted HCL Tech’s (HCLT) CFO for investor meetings. The discussions covered organic business and Mode-3 strategy (esp. the recent product acquisition).

HCL Technologies, HCLT, BFSI outlook, IBM products, Target Price of HCL Technologies News

PNB Metlife, ESAF tie up for life insurance distribution

The alliance will enable PNB MetLife to reach both existing and new ESAF SFB customers with insurance products, while ESAF SFB will be able to provide its customers an access to a wide array of life i

PNB Metlife, ESAF, life insurance distribution, life insurance products News

Glad tidings: Corporate bond issuances at eight-month high in December

Banks were reported as the biggest borrowers, as they raised more than Rs 24,000 crore in the month

Corporate bond issuances, NSDL, RBI, Urjit Patel, Rural Electrification Corporation, NABARD News

Caught in red tape: Export of soyabean meal to China unlikely this fiscal

The export of rapeseed meal and soyabean meal to China is unlikely to resume during the current financial year as the procedure for registration with the Ministry of Agriculture (MoA), China, is too c

Export of soyabean meal, rapeseed meal, soyabean meal, South Korea, china, Ministry of Agriculture  News

Higher realisation from auctions gives relief to tea planters hit by wage rates

Higher realisation from auctions is seen providing some relief to tea plantations in India hit by the rise in wage rates, said a report by Icra. India is the second largest producer of tea in the worl

wage rates, Icra, tea plantations in India, Tea Board of India, tea export News

M&M arm sets up grape pack house unit at Nashik

The grape packhouse facility is expected to maintain the freshness of grapes, through a cold chain from its arrival

M&M, Mahindra Group, MASL, British Retail Consortium, exporters of grapes News

Goldman Sachs’ last million-share man exits partnership era fades

He took on the sheriff of Wall Street, Eliot Spitzer. He jousted with an angry Congress. He contained scandals that, at times, reached into the bank’s innermost sanctums.

Markets News

Oil pares gain as jump in fuel supplies clouds outlook on demand

Oil gave back some of its gains Wednesday as the U.S. government reported a big jump in fuel inventories, clouding the outlook for petroleum demand.

Markets News

Crypto Currencies May Need Rules to Protect Consumers, says EU Regulator

While some jurisdictions have courted the nascent digital assets industry, others have been outright hostile.

Markets News

Gold Monetisation Scheme: RBI amends eligibility criteria for deposits; check details

Reserve Bank of India (RBI) on Wednesday amended the Gold Monetisation Scheme, 2015 with respect to the eligibility criteria of making deposits.

Commodities News

Mutual funds AUM in India abysmally low at 11% of GDP versus 100% in US; stellar growth on cards?

Even as mutual funds asset base continues to swell in India on the back of robust inflows, experts point out that the total AUM is still very low at about 11% of the country’s GDP, and there is a po

Markets News

Infosys gains 2.5% after firm says share buyback, special dividend on Jan 11 meeting agenda

Shares of India’s major IT behemoth Infosys gained on Wednesday morning, after the firm said that share buyback and special dividend will be on its agenda when the firm meets on January 11th.

Markets News

DB Corp, HT Media, Jagran Prakashan shares surge up to 15% as govt hikes ad rates by 25%

Ministry of Information and Broadcasting said that it has decided to revise the advertisement rates with the hike of 25% over and above the existing rate structure for advertisement in print media by

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Petrol, diesel prices kept unchanged for second day; petrol at Rs 68.50 per litre in Delhi

In Mumbai, the petrol today is retailing at Rs 74.16, while diesel price is priced at Rs 65.12 per litre in Mumbai, no change from yesterday's price.

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Rupee gains 17 paise to 70.04 per US dollar in early morning trade

In debt markets, the 10-year government bond yield was trading at 7.53% from its previous close of 7.532%. Bond yields and prices move in opposite directions.

tax saving you can save tax under these sections of income tax act News

Share market highlights: Sensex ends 232 points higher, Nifty above 10,850; Axis Bank, ITC shares surge

Share market highlights: The Sensex and Nifty made a smart recovery in the afternoon trade on Wednesday, buoyed by a strong rally in financials. Sensex closed 231.98 points higher at 36,212.91, while

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Asia stocks rise on trade-thaw hopes; Dollar slips: Markets wrap

Asian stocks rallied Wednesday following gains in the U.S. amid optimism on the potential for progress in trade talks between Washington and Beijing. Treasuries steadied after their recent slide and t

Markets News

Xiaomi plunges after billions of shares are unlocked for sale

Many Xiaomi Corp. investors, who could only watch as the stock shed $14 billion in market value, are now able to join in on the selling.

Markets News

Oil prices: Crude climbs to 3-week high as trade talks fuel demand optimism

A separate government report scheduled for release on Wednesday is expected to show American crude stockpiles declined by 2.7 million barrels last week, according to the median estimate in a survey of

Markets News

Dollar gains as euro falls, but outlook stays weak

The dollar rose on Tuesday, rebounding from a nearly three-month low in the previous session amid expectations of a pause in the U.S. interest rate hiking cycle, as investors focused on the risk of a

Dollar, forex, euro, european central bank, doanld trump, US interest rate,  Jerome Powell News

Oil prices rise over 2 per cent on trade talk optimism

Oil prices rose more than 2 percent on Tuesday, supported by hopes that crude demand may rise more quickly if talks between U.S. and Chinese officials resolve the trade dispute between the world's two

Oil prices, WTI crude oil futures, Xi Jinping,  trade deal, Donald Trump, Wilbur Ross News

Analyst Corner: Bandhan Bank-Gruh Finance merger fills product, services vacuum

The Boards of Bandhan Bank and Gruh Finance announced a merger of the two entities wherein shareholders of the latter would receive 568 shares of the former for every 1,000 shares held.

Markets News

Analyst Corner: ‘Neutral’ rating on Tata Power with TP of Rs 72

After about a year-long competitive bidding process, BEST DISCOM found it economical to extend the existing PPA with Tata Power’s Trombay and hydro power plants due to transmission constraints in Mu

Commodities News
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