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... 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... 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... 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... 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... 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... Read more »

Bharat Forge Q4 net profit increases threefold to Rs 299.5 crore

Auto components major Bharat Forge on Monday achieved a nearly threefold jump in its standalone net profit to Rs 299.5 crore for the March quarter. The company had reported... Read more »

Bank of India records Rs 252 cr Q4 profit as a result of reduction of bad loans

State-run Bank of India Thursday achieved a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to reduction of bad loans. The bank had reported... Read more »

PNB Housing shares drops 5% after PNB cancels stake sale

Shares of PNB Housing Finance dropped over 5 percent on Friday after Punjab National Bank (PNB) has called off the deal to sell its stake in the company. PNB... Read more »

Infosys to allocate 50 million shares as an incentive to employees

India’s second largest IT firm Infosys Thursday said its board has curated an ‘Expanded Stock Ownership Program 2019’ that proposes to allocate five crore shares to incentivise employees based... Read more »