IndusInd Bank Q2 profit rises 4.6% to Rs 920 cr

New Delhi, Oct 15: Private sector lender IndusInd Bank has reported 4.6 percent year-on-year growth in second quarter profit to Rs 920.25 crore, dented by sharp rise in provisions. Profit in the quarter ended September 2017 stood at Rs 880.1 crore. The bank said excluding one-off prudential contingent provision, profit increased 25 percent YoY. Net […]

Sensex rises 132 points, Nifty reclaims 10,500

Mumbai, Oct 15: Benchmarks began the week on a good note as investors shrugged off any negativity from global markets and a rising crude. In fact, they also looked past the rise in inflation in consumer price as well. The Sensex ended the day over 130 points higher, while the Nifty reclaimed 10,500 and closed […]

Liquidity crisis triggered by IL&FS to have deeper impact on NBFCs: Moody’s

Liquidity crisis triggered by IL&FS to have deeper impact on NBFCs: Moody’s

Mumbai, Oct 15: Non-bank financial companies (NBFCs) are likely to be impacted significantly if the liquidity situation, triggered by IL&FS default, continues to remain tight, according to a report. Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries are facing liquidity crisis and has defaulted on debt repayment. The default by IL&FS has also impacted […]

WPI inflation rises to 5.13 pc in September

New Delhi, Oct 15: Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September […]

Expect three more quarters of losses for telecom industry: COAI

New Delhi, Oct 14: The telecom sector is likely to experience three more quarters of losses, hurt by high levies and “unsustainable tariffs”, a top official of industry body COAI has said. “Under the current scenario, I see at least another three plus quarters of losses. Why? Because personally, I do not think the present […]

Modi to meet top global CEOs today, discuss oil scenario

Modi to meet top global CEOs today, discuss oil scenario

New Delhi, Oct 14: Prime Minister Narendra Modi will Monday brainstorm with chief executives of top global and Indian oil and gas companies on emerging energy scenario, with ripples from US sanctions on Iran and volatile oil prices threatening growth. The third annual meeting would also deliberate on ways to revive investment in oil and […]

Q2 results, fund flows, macro data to drive markets this week, say experts

Mumbai, Oct 14: The second-quarter earnings result season, along with the direction of foreign fund flows and macro-economic data points, are expected to determine the trajectory of key Indian equity indices next week. Market analysts said that crude oil prices coupled with rupee’s strength against the US dollar will also influence the market moves. “The […]