Equity benchmark Sensex surged over 150 points in early trade on Tuesday, tracking gains in index majors HDFC Bank, ICICI Bank and Tata Steel amid a positive trend in global markets. The 30-share BSE index was trading 155.51 points or 0.29 per cent higher at 53,007.78 in initial deals, whileContinue Reading
Axis Bank reported a 11 per cent on-year growth in net interest income to Rs. 7,760 crore in the reported quarter, which was also below Street’s estimate. Source linkContinue Reading
In Panama Papers and Paradise Papers leaks cases, undisclosed credits of Rs 20,078 crore and Rs 246 crore, respectively, have been detected. Source linkContinue Reading
So far, 2,29,074 persons have been evacuated from the affected areas, the government said in a statement. It said till now, 71 people have died in Raigad district, 41 in Satara, 21 in Ratnagiri, 12 in Thane, seven in Kolhapur, four in Mumbai and two each in Sindhudurg, Pune, WardhaContinue Reading
The profit figure came in lower than Rs 3,219 crore estimated by analysts in an ET NOW poll. Source linkContinue Reading
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Net interest income (NII) for the quarter rose 18 per cent year-on-year to Rs 10,936 crore from Rs 9,280 crore YoY. Source linkContinue Reading
During the quarter under review, the company said its total income rose to Rs 541.91 crore from Rs 422.29 crore a year ago. Source linkContinue Reading
LNG prices in the spot market have risen as high as $14 per metric million British thermal units (mmBtu), curbing demand and prompting many consumers to switch back to cheaper fuel oil. Source linkContinue Reading
Earnings before interest, tax, depreciation and amortisation grew 8 per cent YoY to Rs 2,847 crore as against Rs 2,644 crore Source linkContinue Reading