NEW DELHI: The million-dollar question on every Indian economist’s mind is when the country shall return on a path of sustainable growth after the deep scars left by the COVID-19 crisis. Saugata Bhattacharya, chief economist at Axis Bank, and a veteran when it comes to analysing the vicissitudes of economic cycles, believes that the proverbial … Read more
(BoB) swung back to a profit in the quarter ended June 2021 led by a growth in retail loans and a strong growth in other income. The bank reported a net profit of Rs 1,209 crore from a loss of Rs 864 crore a year ago on the back of a 16% growth in net … Read more
NEW DELHI: Larsen & Toubro is likely to report a multi-fold surge in its net profit, largely on the back of a weak year-ago base. On a sequential basis, profit may actually halve, analysts said. Nomura India noted that execution weakened for the engineering, procurement and construction ( ) companies like L&T during the June … Read more
NEW DELHI: Private lender on Saturday reported a 78 per cent year-on-year (YoY) rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last year. Net interest income (NII) for the quarter rose 18 per cent year-on-year to Rs 10,936 crore from Rs 9,280 … Read more
NEW DELHI: Shares of were trading marginally higher in Wednesday’s trade ahead of its June quarter results later in the day. The second-largest IT major is expected to report a 24-30 per cent year-on-year rise in profit on a 17-18 per cent growth in revenues. The IT firm is seen upping its FY22 revenue growth … Read more
We did see a setback in between for a couple of months but we are back with a bang and we are starting to build our rural distribution even further, says Varun Berry, MD. You managed to outperform your peers in Q4, you have managed to do so in Q1 as well. In fact, you … Read more