Ratings agencies ICRA and Crisil downgraded Dewan Housing Finance Corp Ltd’s (DHFL) commercial paper to their lowest ratings on Wednesday after the lender failed to make payments on bonds due this week.... Read more »
India Inc’s business confidence has fallen 9.1% to 115.4 points in quarter four (Q4) of the financial year (FY) 2018-19, as per a survey by the National Council of Applied Economic Research... Read more »
The country’s largest lender SBI has aims to grow 10-12 percent in the current financial year, with green shoots of revival in credit demand and better recoveries of loans. In the latter... Read more »
Bharti AXA Life Insurance Monday recorded a 25 per cent increase in its new business premium to Rs 911 crore in the financial year ended March 2019. The private sector company has... Read more »
As the talks with ArcelorMittal to form auto-grade JV firm is postponed, state-owned SAIL has started talking to other global players, a top company official said. SAIL is closely working with a... Read more »
State-owned lender Oriental Bank of Commerce (OBC) on Saturday said it plans to collect an estimated Rs 3,000 crore through the sale of equity shares to qualified institutional investors. The board of... Read more »
Shares of PC Jeweller were trading lower for the fourth straight day, dropped 10 per cent to Rs 77.80 on the National Stock Exchange (NSE) on Thursday on the back of heavy... Read more »
State-owned mining and metals firm MMTC Thursday said its net profit dropped 8.26 per cent to Rs 11.76 crore in the March 2019 quarter. The company had recorded a net profit of... Read more »
State-owned NBCC Ltd Thursday secured a 7 per cent decline in consolidated net profit to Rs 142.45 crore for the quarter ended March 31, 2019. Its net profit was at Rs 153.37... Read more »
Telecom operator Bharti Airtel Thursday said its average revenue per user was up 6.5 per cent to Rs 123 in the January-March quarter which is still not at a comfortable level for... Read more »