GIC reports 19.7 % drop in net profit to Rs 603.37 crore in its March quarter

General Insurance Corporation (GIC Re) of India Thursday suffered a 19.7 per cent fall in standalone net profit at Rs 603.37 crore in the last quarter of the fiscal ended March 2019.... Read more »

Bank of Baroda reports net loss of Rs 991 crore in March quarter

State-owned Bank of Baroda Wednesday reported a net loss of around Rs 991 crore in the Q419. The bank had suffered a net loss of Rs 3,102.34 crore in the previous quarter... Read more »

Lok Sabha elections counting starts, results will decide India’s PM

The Lok Sabha elections 2019 will be a deciding factor for the fate of 8,049 candidates. The counting of votes started at 8 am across 542 Lok Sabha constituencies at various counting booths. Election... Read more »

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 »

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 »

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 »

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 »