Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others

Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others

Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more

Sales of manufacturing cos grow 27.3 pc in December quarter: RBI data

Sales of manufacturing cos grow 27.3 pc in December quarter: RBI data

Aggregate sales of 1,701 listed manufacturing companies recorded a growth of 27.3 per cent in the third quarter of 2021-22 on an annual basis, aided by high sales growth in petroleum, non-ferrous metals, iron and steel, chemicals and textiles industries, according to RBI data released on Monday. RBI released the data on the performance of … Read more

Reliance Jio does most of the heavy lifting as retail biz struggles: RIL Q3 takeaways

Reliance Jio does most of the heavy lifting as retail biz struggles: RIL Q3 takeaways

MUMBAI: Reliance Industries, India’s largest conglomerate, showed signs of recovery in its oil-to-chemical business in the December quarter as the opening up of the economy helped improve demand, but the company’s retail business is still nursing from the impact of the Covid-19 pandemic. The oil-to-telecom giant reported better-than-expected consolidated net profit for the reported quarter … Read more

IL&FS to sell education arm to Lexington Holdings, pare Rs 600 crore debt

IL&FS to sell education arm to Lexington Holdings, pare Rs 600 crore debt

Mumbai: Lexington Equity Holdings Ltd., (LEHL) is set to take over IL&FS education arm Schoolnet India lt., after the committee of creditors approved the sale, two people aware of the development said. As per the deal, LEHL would service the entire debt of Rs 600 crore owed by Schoolnet and would pay a small equity … Read more