Private sector lender Karnataka Bank has posted a 10.13 per cent rise in net profit at Rs 133.85 crore for the first quarter of the current fiscal. The bank had reported a net profit of Rs 121.54 crore in the April-June quarter of 2016-17. The total income of the bank increased to Rs 1,547.93 crore as against Rs 1,434.96 crore a year ago, it said in a regulatory filing.........
See full articlePrivate sector DCB Bank has reported a 39 per cent increase in net profit at Rs 65 crore for the first quarter ended June 30. The bank had reported a net profit of Rs 47 crore in the corresponding quarter of 2016-17. Total income during the quarter under review stood at Rs 319 crore, up 34 per cent from Rs 237 crore a year ago, the bank said in a BSE filing............
See full articleReliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a decline of 39.1 per cent in its net profit for the first quarter (Q1) of 2017-18. The company's net profit stood at Rs 1.84 crore for the quarter ended June 30, 2017, down from Rs 3.02 crore in the corresponding quarter of last fiscal.........
See full articleTata Consultancy Services (TCS) , India's biggest software services exporter, posted an almost six per cent fall in first-quarter profit, hurt by volatile currencies. Consolidated net profit dropped to RS 5,950 crore ($923.20 million) in the three months to June 30, from Rs 6,318 crore, a year earlier, TCS said on Thursday...........
See full articleShares of Sintex Industries surged nearly 14 per cent in Thursday’s trade after Morgan Stanley bought nearly 36 lakh shares in the company in a bulk deal on Wednesday. Data showed Morgan Stanley (France) SAS bought 35,69,625 Sintex shares on Wednesday at an average price of Rs 28.95. Besides, Adroit Financial Services was seen buying 31,40,067 of the company’s shares at Rs 28.39...........
See full articleFMCG firm Bajaj Corp on Wednesday reported a 5.32 per cent increase in standalone net profit at Rs 54.97 crore for the first quarter ended June 30. The company had reported a net profit of Rs 52.19 crore in the same quarter a year ago..........
See full articlePrivate sector lender IndusInd Bank’s first quarter net profit rose 26 per cent on healthy interest income as the bank bucked the industry norm to grow its advances book at a fast clip. The bank’s net profit rose to Rs 836.55 crore in the quarter ended June, compared with Rs 661.38 crore in the year-ago quarter..................
See full articleReliance Industries (RIL) hit an over 9-year high of Rs 1,525, up 2% on BSE in early morning trade. The stock was trading at its highest level since January 17, 2008. Thus far in the calendar year 2017, it outperformed the market by surging 41% as compared to 19% rise in the S&P BSE Sensex..............
See full article