IndusInd Bank net profit drops over 62% in March quarter, asset quality to blame

IndusInd Bank Wednesday reported a drop of over 62 per cent in March quarter net profit at Rs 360.10 crore. Net profit in the same quarter of 2017-18 financial year stood at... Read more »
“Don’t want ANMI, BBF to support 5 accused brokers in NSEL”: Open letter

Securities Appellate Tribunal allows stay on NSE fine in unfair access case

India’s National Stock Exchange (NSE) has received a partial stay on a $90 million regulatory fine for allegedly giving unfair access to its network servers, as an appellate tribunal on Wednesday announced... Read more »

ICRA lowers ratings of IDBI First Bank due to weak earnings of the bond programme

Domestic rating agency Icra Tuesday said it has downgraded long term rating of IDFC First Bank’s bond programme due to weak earnings and on higher provisions due to stressed exposures. The rating... Read more »

DHFL shares drop 18% after the NBFC struggles with liquidity and project finance loans

Dewan Housing Finance Corporation (DHFL) went down 18 per cent to Rs 107 in the early trade on Wednesday on the BSE after the non-banking finance company (NBFC) stopped accepting fresh public... Read more »

DLF reports 76% increase in net profit in its March quarter, shares up 6%

Realty major DLF on Tuesday achieved a 76 percent increase in its consolidated net profit at Rs 436.56 crore for the quarter ended March on higher sales. Its net profit was at... Read more »
benchmark equity index touches 3-month high Sensex closes 34,732, Nifty 10,244

India INX Global Access IFSC offers investors a pathway to global exchanges

India INX Global Access IFSC Limited (“Global Access”) a wholly owned subsidiary of BSE’s India INX, has broadened its horizons of being the preferred outbound gateway by providing connectivity to LME and other... Read more »

HPCL profit up 70% at ₹2,969.92 crore for March 2019 quarter

State-run Hindustan Petroleum Corporation Ltd (HPCL) reported a 70% rise in its net profit, helped by inventory gain and rupee appreciation that offset a dip in refinery margins. Net profit was at ₹2,969.92... Read more »

United Breweries Ltd net profit slumps 25.26% to Rs 67.92 crore in Q4 19; total expenses up 7.07%

United Breweries Ltd Tuesday suffered a 25.26% downfall in its standalone net profit of Rs 67.92 crore in its Q419 results.  The corresponding quarter last fiscal reported a Rs 90.88 crore net... Read more »

Digital forensics to help probe for wrong-doings at debt ridden IL&FS, 45 of its group firms shut

The Serious Fraud Investigation Office (SFIO) has been investigating the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) since last October. Now, they are turning to cyber forensics to dig in for more... Read more »

Tata Motors Q4 FY2019 drops 49 %, JLR business picks up pace

Tata Motors consolidated business (including commercial vehicles and Jaguar Land Rover) has recorded a downside of 49 per cent in profits in the last quarter of FY2019. Its net revenue in the same quarter stood... Read more »