India Inc earnings hit record Rs 2.4 trillion in Q2

India’s top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. Illustration: Uttam......

HDFC Bank writes off Rs 3,100-crore NPAs in Q1

The bank expects to have better recoveries in Q2FY22 as restrictions are lifted and economic activity gathers steam. The country’s largest private lender HDFC Bank’s bad-loan......

Fintechs may shift to secure products after RBI order on consumer loans

Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured......

Q2 GDP is pegged at 5.8%

Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points......