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Latest News:

Adani Power, Financial results

Adani Power reports net loss of Rs 325 crore in Q3

New Delhi: Adani Power on Friday reported a consolidated net loss of Rs 325 crore against a profit of Rs 101.75 crore in the same period last year due to lower merchant tariff and prior quarter income recognised in the year-ago quarter.

Income from o... Read More

Motherson Sumi Systems, stock market

Motherson Sumi to buy Finland’s PKC Group for $609 million

New Delhi: Shares of Motherson Sumi Systems rallied nearly 4 per cent in Friday’s session after the company said its wholly-owned subsidiary will acquire Finnish company PKC Group for around Rs 4,150 crore.

In a filing to BSE, Motherson Sumi said i... Read More

mindtree, shareholders' , stock market ,Earnings Announcement

Mindtree Q3 net profit falls 26.7% to Rs. 103 cr

New Delhi: IT firm Mindtree today posted a 26.7 per cent decline in consolidated net profit at Rs. 103.1 crore for the quarter ended December 31. The Bengaluru-based firm's net profit stood at Rs. 140.7 crore in the year-ago period.

Its revenues grew... Read More

Federal Bank

Federal Bank’s net rises 26% to Rs 206 cr in December quarter

New Delhi: Private sector Federal Bank on Thursday posted a 26.4 per cent rise in net profit at Rs 205.65 crore for third quarter ended December 31, as higher interest income and fewer slippages helped reap gains.

The bank had registered a net profit... Read More

L& T Hydrocarbon

L&T Hydrocarbon bags orders worth Rs 1,700 crore

Mumbai: Infrastructure heavyweight Larsen & Toubro (L&T) today said its subsidiary L&T Hydrocarbon has bagged orders worth Rs 1,700 crore in its construction services vertical.

"L&T Hydrocarbon, a wholly-owned subsidiary of Larsen & Toubro, has won o... Read More

Yes Bank, Financial results

Yes Bank net soars to Rs 882 cr

Mumbai: Private sector Yes Bank Ltd on Thursday said it closed the third quarter of the fiscal with higher net profit.

In a regulatory filing with the BSE, Yes Bank said it has posted a net profit of Rs 882... Read More

Axis Bank, Financial results

Axis Bank Q3 net profit plunges 73% to Rs 580 cr

Mumbai: Private lender Axis Bank on Thursday reported a whopping 73 per cent decline in net profit at Rs 580 crore for the October-December quarter on account of rise in bad loans.

Net profit for the same quarter in the last fiscal stood at Rs 2,17... Read More


NPS may grow at 35-40% in FY17, says PF regulator

Mumbai: Pension fund regulator PFRDA is expecting National Pension System (NPS) to grow at a rate of 35-40 per cent in the current fiscal, a top official said on Thursday.

"NPS has been growing at around 35 per cent per annum in terms of both AUM and... Read More


Govt to infuse Rs 1,894 cr capital into SBI

New Delhi: The government, which is infusing Rs 1,894 crore capital into State Bank of India, has asked the country's largest lender to take necessary regulatory approvals for the fund infusion.

This is the part of Rs 7,575 crore capital infusion ann... Read More


Sensex fall over 100 points; Nifty holds 8400 amid pressure

Mumbai: The BSE Sensex fell over 100 points led by losses in banking and IT stock, while the Nifty50 index breached the 8,400 mark. Sensex made a low of 27,196.2 and the Nifty fell as much as 38 points to 8,397.05.

Losses in banking shares were led b... Read More