Bata India net surges 27% to Rs 36 cr in January -March quarter

Leading footwear major Bata India Ltd has reported a growth of 27.3 per cent in its standalone net profit after taxes (PAT) at Rs 35.93 crore for the fourth quarter ended March 31, 2017. “The standalone PAT of the company stood at Rs 28.22 crore during the same period a year ago,” said Bata India Ltd in a filing to the Bombay Stock Exchange. Further, the standalone total income of t

Skipper Q4 net jumps 46 pc to Rs 52.78 crore

Power Transmission and distribution major Skipper Limited has reported a net profit of Rs 52.78 crore for the fourth quarter ending March 17', up by 46 per cent over last year's profit of Rs 36.12 crore during the corresponding period. "Our profit was higher than sales, partly due to the Rs 16.37 crore income from forward contracts in this quarter attributed to better profitability

Vedanta posts Jan-Mar quarter net profit at Rs 2,988 cr

Billionaire Anil Agarwal-led mining conglomerate Vedanta Ltd has reported its net profit at Rs 2,988 crore for the fourth quarter, ended March 31, 2017, mainly on account of higher revenue and production volumes. The mining and energy group had reported a net loss of Rs 21,104 crore during the same quarter of previous year, Vedanta Ltd said in a filing to the BSE. Further, the consolidated tota

Nifty crosses 9,500-mark for first time

The wider 51-scrip Nifty of the National Stock Exchange (NSE) crossed the 9,500-mark for the first time during the mid-afternoon trade session on Tuesday.

Around 2 p.m., the NSE Nifty traded at 9,503.50 points -- up 58.10 points or 0.62 per cent. 

According to market observers, positive global cues, coupled with healthy macro-economic data and expectations of a normal m

Punjab National Bank posts fourth-quarter profit as bad loans ease

NEW DELHI/MUMBAI   Punjab National Bank   reported on Tuesday a fourth-quarter net profit of 2.62 billion rupees ($41 million) as its bad loans eased.

Bad loans as a percentage of total loans eased to 12.53 percent at end-March, from 13.7 percent three months earlier, and 12.9 percent a year ago, the lender said in a statement.

New Delhi-based

Homes of ex-finance minister P. Chidambaram, son searched in criminal probe

By Douglas Busvine and Rupam Jain

NEW DELHI   The Central Bureau of Investigation (CBI) searched the homes of former finance minister P. Chidambaram and his son on Tuesday, in a probe into suspected criminal misconduct related to approvals of investment deals.

The dawn raids marked an escalation in pressure by central investigators against Chidamba

Skipper secures new orders worth Rs 500 cr

Skipper Limited, one of the renowned Power Transmission & Distribution and Polymer Pipes & Fittings manufacturing players in India has said that it has secured new orders worth approximately Rs. 500.21 Crores in its Engineering & Infrastructure business segment.

The company said in a filing to the Bombay Stock Exchange that it has secured fresh new orders worth approx. Rs.

Yes Bank, Bureau of Energy Efficiency in PFI pact

Yes Bank signed a pact with Bureau of Energy Efficiency to become the participating financial institution (PFI) to avail risk guarantee under the partial risk guarantee fund for energy efficiency, reported PTI. The partial risk guarantee fund for energy efficiency (PRGFEE) is a risk sharing mechanism that provides Yes Bank with a partial coverage of risk involved in extending loans to energy ef

Sensex hits all-time high in record-setting spree

By Arnab Paul

Indian shares continued their record-setting spree on Tuesday, hitting all-time highs for the third time in five sessions, as investors remained bullish about the prospects of a good monsoon.

Monsoon rains are expected to arrive on the southern Kerala coast on May 30, two days ahead of the schedule, a source from the weather office said on Tuesday.

In

TCS to commence share buy back from Thursday

 IT major Tata Consultancy Services (TCS) on Monday said it will commence its Rs 16,000 crore share buy back program from Thursday.

The company said that it will start the process after securities markets regulator Sebi gave its approval to the share buy back plan.

According to a regulatory filing with BSE, the IT major through letter dated May 12, 2017 has re

ICICI Bank, HDFC reduce home loan rates

Private sector lenders ICICI Bank and HDFC on Monday reduced their interest rates on home loans.

Private sector lender ICICI Bank reduced its interest rates by up to 30 basis points (bps) for home loans of up to Rs 30 lakh.

"With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. Salaried women borrowers will get

Colgate-Palmolive India`s Q4 income up 2.32%; profit declines

Colgate-Palmolive (India) on Monday reported a rise of 2.32 per cent in its total income from operations for the fourth quarter (Q4) ended March 31. However, the net profit after tax declined marginally by 0.48 per cent.

According to the company, its total income from operations for the January-March quarter stood at Rs 1,176.71 crore -- up 2.32 per cent -- from Rs 1,150.07 crore

Gabriel India Q4 profit up 5.5% to Rs 22 cr

Automotive components manufacturer Gabriel India Ltd on Monday reported an increase of 5.5 per cent in its standalone net profit after taxes (PAT) at Rs 22.07 crore for the fourth quarter ended March 31, 2017. “The standalone PAT of the company stood at Rs 20.92 crore during the same period a year ago,” said Gabriel India Ltd in a filing to the Bombay Stock Exchange on May 15, 2017.

South Indian Bank Q4 net up 3.5% at Rs 75.54 cr

Private sector lender South Indian Bank on Monday reported a marginal growth of 3.52 per cent in its net profit at Rs 75.54 crore in the fourth quarter ended March 31, 2017, driven by increase in net interest income.

“The bank had posted net profit of Rs 72.97 crore during the corresponding quarter of the previous year,” said South Indian Bank in a filing to the Bombay Sto

Sensex ends at record closing high

Indian shares ended at a record closing high on Monday, after government data last week showed that consumer inflation in April eased to its lowest in at least five years, reviving a debate on whether the central bank should cut interest rates.

The benchmark BSE Sensex closed up 0.44 percent at 30,322.12. The broader NSE index ended 0.47 percent higher at 9,445.4.

(Reporting

ICICI Bank reduces home loan rates by 30 bps

 Private sector lender ICICI Bank on Monday said that it has reduced interest rates by up to 30 basis points (bps) for home loans of up to Rs 30 lakh.

"With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. Salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent," the private sector

Mining group Vedanta posts fourth-quarter profit helped by higher revenue

Vedanta Ltd  the Indian unit of diversified energy group Vedanta Resources PLC , reported a consolidated quarterly profit, as revenue surged, driven by improved commodity prices and higher zinc volumes.

Consolidated net profit stood at 29.88 billion rupees ($466.09 million) in the fourth quarter ended March 31, compared with a loss of 211.04 billion rupees a year earlier, the met

IT professionals must embrace machine learning skills: Report

Amid reports of lay-offs in the Indian IT landscape, IT professionals must go for acquiring new-age machine learning skills at a time when open source tools are now dominating the analytics landscape, a new report said on Monday.

According to a report released by Bengaluru-based analytics school Jigsaw Academy, acquiring analytics skills in the "Data Age" will boost car

HDFC Bank issues perpetual debt instruments worth Rs 8000 cr

HDFC Bank has said that it has issued unsecured Basel III compliant, Perpetual Debt Instruments in the nature of debentures for inclusion in Additional Tier I Capital amounting to Rs.8000 Crore.

“The bank has allotted on May 12, 2017 on a private placement basis 8.85% Unsecured, Subordinated, Fully Paid-Up, Non-Convertible, Basel III compliant, Perpetual Debt Instruments in the

Karnataka Bank Q4 profit clocks 30% at Rs 138.37 cr

Mangalore-headquartered private sector lender Karnataka Bank Ltd has reported a significant growth of 29.6 per cent in its standalone net profit at Rs 138.37 crore for the fourth quarter ended March 31, 2017.

The bank had posted standalone net profit of Rs 106.79 crore in the corresponding quarter of previous fiscal, said Karnataka Bank Ltd in a filing to the BSE.

Further, t

Central Bank of India net loss narrows to Rs 591.77 cr in Q4

Country’s one of the oldest and largest commercial lender Central Bank of India has reported that its standalone net loss narrowed to Rs 591.77 crore in the January-March quarter of FY 17. The bank had posted standalone net loss of Rs 898.04 crore in corresponding quarter of previous fiscal, said Central Bank of India in a filing to the Bombay Stock Exchange.

Total income of the

Jammu & Kashmir Bank Q4 loss widens to Rs 554.30 cr

Jammu & Kashmir Bank Ltd has reported that its net loss widened to Rs 554.30 crore in the January-March quarter of FY 17, on the back of rise in bad loans. It had posted standalone net loss of Rs 56.02 crore in the corresponding quarter of previous fiscal, said Jammu & Kashmir Bank in a filing to BSE.

Further, the total income of the bank remained almost flat at Rs 1,802.74 cr

GST sub-rates, earnings results to influence equity markets

 Clarity on GST sub-rates along with ongoing quarterly results season and a firm rupee are expected to influence investors' sentiments in the equity markets, market observers have opined.


According to analysts, the outcome of the GST Council's meet, slated to be held on May 18-19 in Srinagar, will be a "crucial determining" factor for indices' m

Amazon sale gets more customers in tier-2&3 cities

Leading e-tailer Amazon claimed it acquired more new customers from tier-2 and tier-3 cities across the country during its four-day 'Great Indian Sale' that concluded on Sunday.

"Our customers' acquisition drive in 2017 saw 235 per cent annual growth in tier-2 and tier-3 cities during the four-day sale since May 11," said the Indian subsidiary of the US-base

Sensex rises; 10-year bonds hit four-week high on easing inflation

MUMBAI  Indian shares rose on Monday, while the benchmark 10-year bond hit its highest in four weeks, after consumer inflation in April eased to its lowest in at least five years, reviving a debate on whether the central bank should cut interest rates.

Meanwhile, the rupee rose to 64.0275 per dollar, its strongest since April 27, on expectations of additional for