The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more
New Delhi: Domestic equity markets ended the week on a higher note, extending the gains on the back of upbeat earnings from India Inc and supportive global cues. Both benchmark indices – BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index … Read more
South Korea’s Samsung turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Shares of the world’s largest memory-chip and smartphone maker rose 2.5 percent after preliminary results for the second quarter were announced, versus a 1.5 percent rise … Read more
NEW DELHI: Reliance Retail reported a 74 per cent growth in net profit in the second quarter of the current fiscal year to Rs 1,695 crore compared to Rs 973 crore for the same quarter last year, the company said on Friday. The company said its revenue for the July-September months was up to Rs … Read more
NEW DELHI: HDFC Bank, India’s largest lender by market capitalisation, may report 4-17 per cent sequential growth in net profits and 8-20 per cent in year-on-year terms. Revenues for the bank may grow 4-7 per cent quarter-on-quarter and 12-14 per cent year-on-year, said analysts. The lender is scheduled to publish its numbers on Saturday. “After … Read more
MUMBAI: HCL Technologies today reported mixed bag earnings for the quarter ended September. While the company was able to beat Street’s estimate on the bottom line, its topline growth failed to impress. The Noida-based IT services major reported a 1.7 per cent sequential growth in consolidated net profit to Rs. 3,259 crore and a 2.9 … Read more