Wednesday, January 20, 2016
RIL reported 38.7% YoY growth in net profit at Rs. 7,290 crore for the quarter ended December 31. Other expenditure decreased by 12.9% to Rs. 8,549 crore ($ 1.3 billion) as against Rs. 9,811 crore incorresponding period of the previous year due to lower fuel prices.
IDFC Bank is in advanced talks to acquire Royal Bank of Scotland's (RBS) corporate banking portfolio in a deal worth up to INR 3,000 crore, reports a business daily.
The company reported net loss of Rs. 106.38 crore for the quarter ended December 31, 2015. The company’s revenue stood at Rs. 1131.7 crore registering growth of 15.77% yoy.
The company recorded a rise of 35% in its net profit at Rs. 35.3 crore for the quarter ended December 31, 2015 as compared to Rs. 26.1 crore for the quarter ended December 31, 2014.
Reliance Power Ltd posted a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 3518.10 mn for the quarter ended December 31, 2015 as compared to Rs. 2544.40 mn for the quarter ended December 31, 2014.
The airline is set to place a big fleet order and is in talks with both Airbus and Boeing for the same, Chairman Ajay Singh told a Business TV channel in an interview on Monday.
The company will announce its Q3 results today. IIFL expects the company’s net profit to fall 4.5% to Rs. 432 crore yoy. The company’s Q3 net profit is likely to plunge 4.2% qoq.
The company will announce its Q3 results today. IIFL expects net revenue to plummet 35.70% to Rs. 138 crore yoy. IIFL forecasts the company’s net profit for Q3 FY16 to nosedive to Rs. 5.9 crore, declining at a rate of 64.20% yoy; however, it sees a rise of 3.5% qoq.
The IT company will announce its Q3 results today.According to IIFL estimates, the company is expected to report net revenue of Rs. 840 crore at 7.7% growth rate on Y-o-Y basis.
JSW Energy Ltd, the Sajjan Jindal-led firm, will announce its financial results today. IIFL expects the company’s net profit to decline 18% to Rs. 319.60 crore yoy; Q3 net profit is expected to fall 37.2% qoq.
The company is eyeing for business with lndian Railways and Ministry of Defence and recently got Vendor Registration from Defence and Railway Authorities.
The company secured letter of award for four laning of end of Moran Bypass to Bogibeel Junction of NH-37 in the State of Assam under SARDP-NE Package (II).
The company will expand gas supply operations in South India, as per media reports.
Petrol price in Delhi was increased by 96 paise per litre and diesel by 53 paise.
Axis Bank,DHFL,Gati,JSW Energy,Reliance Infrastructure,KPIT Technologies,South Indian Bank,NIIT,Sasken Communication Technologies,Tata Elxsi,Tata Sponge Iron,Ultratech Cement, Indiabulls Housing Finance,Indiabulls Ventures,Istreet Network, Abc Bearings,Edelweiss Financial Services,Triveni Engineering & Industrie,Ashirwad Capital,Assam Petrochemicals,Bharat Bhushan Share & Commodity Brokers Ltd,Gandhi Special Tubes,Geecee Ventures,High Street Filatex, Lee & Nee Softwares (EXPORTS),MENON Bearings,Refex Industries,Mafatlal Finance,Swasti Vinayaka Art And Heritage Corporation,Tayo Rolls, VMT
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The FIIs were net sellers of Rs.8.57 bn in the cash segment on Tuesday. The domestic institutional investors (DIIs) were net buyers of Rs.13.86 bn as per the provisional figures released by the NSE.
is likely to join three oil marketing companies - to set up a mega refinery cum petrochemical complex on the western coast. (BS)
got competition watchdog CCI's approval to acquire seven brands from consumer healthcare firm Johnson and Johnson. (ET)
Looking to add $1bn in revenues from inorganic growth to reach its target turnover of $5bn by 2018, says it is open to late stage specialty assets. (BS)
's instant noodles brand Yippee is inching closer to become a Rs 10bn brand, making the most out of the controversy that hit rival Nestle's Maggi. (BS)
The Supreme Court restrained the government from going ahead with any further disinvestment of its stake in , the management of which is under the control of a Vedanta subsidiary. (BS)
aims to operate its largest grassroot refinery at Paradip at the full 15MTPA capacity from next fiscal, a top company official said. (BL)
said that it has entered into a joint development agreement with Pratap Sarnaik’s Vihang Group to develop 15 acres of land off Ghodbunder Road in Thane. (BL)
has raised Rs 2bn by issuing Basel-III compliant bonds. (ET)
fixed the price band between Rs 180-186 per share for its initial public offer (IPO) which will hit the capital market on January 27. (ET)
The International Monetary Fund kept India's growth projection unchanged at 7.3% in the current fiscal and 7.5% in the next, even as it cut world economic outlook to 3.4% for 2016. (BS)
Mineral bearing states Odisha, Karnataka, Gujarat, Rajasthan and Maharashtra have put 16 iron ore and 23 limestone mines under the hammer for the first phase of auction. (BL)
The government will consider a new power tariff policy which aims at promoting clean energy, better regulation of discoms and faster rollout of investments. (ET)