The company's growth was driven by a decline in total expenses, lower finance cost and higher other income.
Events to keep an eye out for...
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Industry body Amfi to hold meeting to decide on road map.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
Sensex ended strong, Tata Steel, HUL climb higher.
Now, you can own a two-wheeler for Rs 18.5 per day
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Markets under pressure; IT financials grab spotlight.
Thirty-two-year-old Sudhir Kumar Chaudhary, who has devoted his life to Sachin Tendulkar, has vowed to cheer the Indian cricket team wherever it plays in India.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
The entry of the deep-pocketed conglomerate is expected to heighten competition.
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
Last year, the software giant launched a cloud adoption programme for SMBs.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
SBI comes second and Bharti Airtel is third
From PhonePe to Jio, everyone wants to be a Super App but it is still unclear if they will actually work in India.
There will be tripartite pact with member, bank/housing agency and EPFO.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
In an apparent bid to offset BJP candidate Pragya Thakur's controversial statement against slain IPS officer Hemant Karkare, Modi heaped praises on Mumbai police.
'The outcome of next year's assembly elections, macroeconomic indicators/corporate earnings growth and global events could keep the markets choppy.'
Repeat business from existing clients is not coming easily and companies are still in the process of building digital capabilities
Sensex rises, Nifty ends at record high; RIL shares rally.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
