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 […]
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 […]
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 […]
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 […]
New Delhi, Oct 15: India may achieve about 76 per cent of the target of having 175 gigawatts of renewable power generation capacity by the scheduled date of 2022 as it faces myriad challenges, Wood Mackenzie said Monday. India is targetting 100 GW of solar capacity and 75 GW of wind power by 2022. “Even […]
New Delhi, Oct 14: The telecom department has restricted enrolment of test subscribers on network of a new mobile operator to 5 per cent of its network capacity during trial phase and testing period to maximum six months. “The number of test subscribers that can be enrolled by a licensee in licensed service area (LSA […]
New Delhi, Oct 14: The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, an SBI Ecowrap report said. “CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a month-on-month basis, rural food inflation has registered a decline, even as headline registered an […]
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 […]
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 […]
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 […]