Business
Bank of Baroda Posts Rs 710 Crore Net Income in First Earnings Since Merger
This is the first quarterly result of the bank after the forced amalgamation of Dena Bank and Vijaya Bank with it effective April 1.
Bharti Infratel Shares Jump by 5% After Strong Q1 Earnings
Bharti Infratel’s consolidated net profit grew by 39% year-on-year to Rs 887 crore for the June quarter on account of network expansion by mobile service providers.
Relief for Taxpayers after Deadline for Filing Income Tax Returns Extended By a Month to August 31
There have been demands for an extension in filing ITR date since issuance of tax deducted at source (TDS) statement for 2018-19 fiscal was delayed.
Rupee Slips 13 Paise to 69.05 vs US Dollar in Opening Trade
The rupee opened weak at 68.98 at the interbank forex market and then fell further to 69.05, down 13 paise over its last close.
SC to Pronounce Verdict in Amrapali Case Today, Over 42,000 Home Buyers Hope to Get Relief
The SC on May 8 said that it may give ownership rights of all the 15 prime residential properties of Amrapali to Noida and Greater Noida Authorities as it has failed to fulfill its obligations towards 42,000 home buyers.
Colgate Palmolive India Shares Jump Nearly 5% After Q1 Earnings
Colgate-Palmolive India’s profit in the June quarter fell 10.7% year-on-year to Rs 169.1 crore. However, the year-ago profit of Rs 189.5 crore had included an exceptional gain of Rs 34.1 crore.
DCB Bank Shares Crack 18% as Q1 Earnings Trigger Downgrades by Brokerages
DCB Bank’s profit grew by a lower-than-expected 17% to Rs 81.1 crore during the June quarter, while net interest income increased 11.7% to Rs 304.8 crore compared with a year ago.
Jalan Panel Suggests Transfer of Funds from RBI to Govt in Tranches Over 3-5 Yrs, Report Expected Soon
The six-member panel, headed by former RBI Governor Bimal Jalan, was originally supposed to submit the report in April, but it was delayed due to a lack of consensus.
Sensex, Nifty Start on a Cautious Note Amid Continued Foreign Fund Outflow
The 30-share index was trading 4.40 points, or 0.01 per cent, lower at 39,126.64 at 0930 hours, while the broader Nifty inched 2.20 points, or 0.02 per cent, higher to 11,664.80.
India to Launch Rules to End Gas Distributors' Monopoly in 34 Areas
The rules will be ready in three months, and implementation would take another three months as the regulator will first seek feedback from companies and the public.
Day After DHFL Warned It May Not Survive, Shares Plummet Nearly 33%
Housing finance firm DHFL has said the developments in last few quarters threaten its ability to continue as a going concern, as the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter of 2018-19.
State Bank of India Waives Off Charges on IMPS, NEFT and RTGS Transactions
Earlier, the bank had waived off the NEFT, RTGS transaction charges for the transfer of funds by the users.
Infosys Shares Inch Up Ahead of Q1 Results; Here’s What We Can Expect
A CNBC-TV18 poll expects Infosys to post a 2.8 percent growth in constant-currency terms boosted by a one-month contribution from the Stater NV, which Infosys had acquired in May from ABM Amro Bank.
BSNL Staff Salaries for June Have Been Paid, Ravi Shankar Prasad Tells Rajya Sabha
The PSU has been asked to take steps to improve performance and increase revenue while controlling expenses, Communications Minister Ravi Shankar Prasad said
IBM Closes $34 Billion Deal to Buy Red Hat to Boost Cloud Business
Underscoring the drive into high-margin businesses, IBM in October agreed to buy Red Hat, the company’s biggest acquisition in its more than 100-year history.
Govt to Soon Issue Clarification on Applicability of Surcharge on FPIs: FM Nirmala Sitharaman
Markets continued to tumble for the second straight session on Monday with the Sensex plummeting 793 points
