india

Sensex slips on profit booking after climbing past the 50,000 mark

Index slides 0.34% to close at 49,625 The S&P BSE Sensex slid on Thursday as investors booked profits after the equity benchmark scaled the 50,000 points mark for the first time. Expectations that companies will reported improved earnings for the third quarter, combined with sustained purchases by Foreign Institutional Investors (FIIs) have buoyed stocks in […]

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SBI Q2 profit surges 52% to ₹4,574 crore

Lender reports increase in net interest income, decline in bad loans; slippages rise in agri, SME loans State Bank of India (SBI) on Wednesday reported second-quarter net profit jumped 52% to ₹4,574 crore as net interest income rose and the lender cut its provision for bad loans. Operating profit (excluding exceptional items) rose 12% to […]

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MRPL Q2 net profit at ₹36 crore

The gross revenue from operations stood at ₹9,686 crore Mangalore Refinery and Petrochemicals Ltd (MRPL) has declared a net profit of ₹36 crore during the second quarter of 2020-21 as against a loss of ₹574 crore in the corresponding period of the previous financial year. The gross revenue from operations stood at ₹9,686 crore during […]

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HCL Q2 net profit rises 18.5% on digitisation push

Firm plans hiring, increments this year HCL Technologies on Friday said its net profit for the second quarter ended September 2020 grew 18.5% to ₹3,124 crore driven by a push for digitisation. The company said it planned to implement salary increments in addition to a “significant number of hirings” during the current year. The company’s […]

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KSINC records profit for the first time

Targets ₹100-crore revenue this fiscal The Kerala Shipping and Inland Navigation Corporation (KSINC), which incurred a ₹98-lakh loss in 2018-19, has for the first time since its inception, recorded a profit of ₹1 crore in 2019-20, Additional Chief Secretary Viswas Mehta, Chairman of the Corporation, said on Thursday. The public sector undertaking focusses on water […]

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BoM Q2 profit jumps over fourfold to ₹115 cr.

Bad loans provision falls to ₹404 crore State-owned Bank of Maharashtra reported a net profit of ₹114.66 crore for the second quarter, mainly due to fall in provisioning, as compared to ₹27 crore reported during the same period of the previous year. Provision for bad loans fell sharply to ₹404 crore for the quarter as […]

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Wipro’s net jumps 35.1% in Q2

Firm sees early signs of recovery in manufacturing and healthcare verticals Wipro has reported a sharp 35.1% jump in its net profit to ₹2,552.6 crore in the second quarter compared to the same period the previous year. On a quarter-on-quarter basis, net profit grew 6.2%. The tech firm said it hit the mid-point of its […]

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City Union Bank Q1 profit rises 15%

Slippages lower than in Mar. quarter Private sector lender City Union Bank Ltd. reported a standalone net profit of ₹162 crore for the first quarter ended June 2019, representing a 15% growth over the year-earlier period, despite an increase in provisioning. “We were able to post 15% growth in our net profit due to the […]

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SBI reports ₹2,312 net profit in Q1

The bank’s gross NPAs declined to 3.07 per cent in June compared to 5.29 per cent in June 2018. The State Bank of India, the country’s largest bank, on Friday posted a standalone net profit of ₹2,312.02 crore for the first quarter of current fiscal, mainly driven by higher income and reduction in bad loans. […]

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Bharti Infratel Q4 net profit flat at ₹608 cr.

Bharti Infratel’s consolidated net profit remained flat at ₹608 crore for the quarter ended March 31, 2019 as against a net profit of ₹606 crore in the same period a year ago, amid consolidation in the telecom industry. For the full year 2018-19 too, the consolidated profits remained flat at ₹2,494 crore. The consolidated revenue […]