Infosys Q3 net profit rises 37.6% to Rs 51.29 billion

  New Delhi, Jan 12: Information technology giant Infosys on Friday said its net profit for the quarter ended December 2017 rose 38% sequentially to Rs 51.29 billion as against Rs 37.26 billion in previous quarter. On sequential terms, revenue rose 1.3% to Rs 177.94 billion as compared to Rs 175.67 billion in September quarter. […]

‘States not aligning mobile tower rules with DoT norms’

  New Delhi, Jan 12: Telecom operators continue to face problems in installing mobile towers in states due to tough rules being imposed on them which are also not aligned with central government norms, industry body TAIPA said today. “Except five states — Haryana, Jharkhand, Rajasthan, Kerala and Odisha — none of the states have […]

India’s growth momentum gathered pace in Dec: Morgan Stanley

India’s growth momentum gathered pace in Dec: Morgan Stanley

  New Delhi, Jan 11: Economic indicators like PMIs, vehicle sales and steel demand suggest that growth momentum in India has gathered pace in December, says a report. However, prices are also on an uptrend with retail inflation likely to have firmed up further to 5.4 per cent in December owing to a lower base […]

Infosys, HDFC lift market to fresh record close

  Mumbai, Jan 11: Benchmark indices were off day’s high in late trade but still managed to end at fresh record closing high on Thursday. Infosys and HDFC Group stocks helped the Nifty close above 10,650 level for the first time. The holding of record high levels by the market indicated that investors seem to […]

IndusInd Bank Q3 net profit rises 25% on year to Rs 936 cr

IndusInd Bank Q3 net profit rises 25% on year to Rs 936 cr

  New Delhi, Jan 11: IndusInd Bank on Thursday reported a rise of 25% in Q3 net profit to Rs 936 crore in the October-December quarter on a yearly basis for the financial year 2017-2018 while the net NPAs (non-performing assets) saw an increase of 10% in three months. The prominent private sector lender IndusInd […]

India has enormous potential, says World Bank, projects 7.3% growth in 2018

India has enormous potential, says World Bank, projects 7.3% growth in 2018

  Washington, Jan 10: With an “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” compared to other emerging economies, the World Bank said, as it projected country’s growth rate to 7.3 per cent in 2018 and 7.5 for the next two years. India, despite initial setbacks from demonetisation and Goods and Services Tax […]

Oil hits highest since 2014 amid optimism over tightened supply

  New York, Jan 10: Oil surged to the highest intraday level since December 2014 amid optimism global markets are finally tightening. Futures extended gains to as much as 1.7 percent in New York. A key U.S. government report on Wednesday is expected to show crude stockpiles dropped for an eighth straight week. That would […]