Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for non performing assets (NPA) fell by 2.9% to Rs 27,318.2 crore. For PSBs, it fell by 11.6% to … Read more
Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter. The healthcare provider reported a Profit After Tax (PAT) of Rs 125 crore in the July-September quarter a year ago. Revenue from operations rose to Rs … Read more
Matrimony.com’s Rs 72 crore share buyback, which was announced earlier in September, has opened for eligible shareholders on Wednesday, October 30 and will be available till November 6. “This is to inform you that Matrimony.com Limited (the “Company”) has dispatched the Letter of Offer for the Buyback to eligible shareholders holding Equity Shares on the … Read more
Infosys and Wipro delivered better than expected sequential growth in dollar denominated revenue for the September quarter. The difference in their performance was on the front of profitability and the total contract value of new deals. While Infosys disappointed on these parameters, Wipro surpassed analysts’ estimates on profits, profitability and also reported a revival in … Read more
State-owned Indian Overseas Bank on Thursday posted a 24% surge in net profit to Rs. 777 crore in the second quarter ended September 2024, due to interest income and onboarding of new customers. The bank had earned a net profit of Rs. 625 crore in the same quarter a year ago. The bank earned an … Read more
Ace investor Ashish Kacholia has bought a 2.52% stake in the smallcap stock Jyoti Structures, according to the shareholding pattern for quarter ended June 2024, following which the stock closed 4.8% higher at Rs 26.75 on BSE. According to the data available on BSE, Ashish Kacholia holds nearly 2.2 crore shares in the company. For … Read more
Three Adani Group stocks viz. Adani Green Energy, Adani Energy Solutions and Adani Total Gas are eligible for inclusion in the derivatives segment as per the new criteria for the entry into the futures & options (F&O). Securities and Exchange Board of India (Sebi) on Friday tweaked the entry and exit criteria for stocks via … Read more
The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense. The ratio was 4.9% in the June quarter for a sample of 2,695 companies excluding banks, finance companies, and oil and … Read more
Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period. The lender’s net interest income (NII) for the reporting quarter rose 21% year-on-year to Rs 3,005 crore as against Rs 2,491 crore in the same … Read more
New Delhi: UnitedHealth Group topped second-quarter expectations but remained cautious on its outlook for the year as it continued to eat costs from a massive cyberattack to its Change Healthcare business. The health care giant on Tuesday stuck to its projections of adjusted earnings between $27.50 and $28 in 2024, the same outlook it released … Read more