After remaining stable for many weeks, the cost of borrowing for states inched up by 5 basis points to 7.64 per cent at Tuesday's auction when 15 of them raised Rs 25,700 crore from the market. The amount of debt raised today is a 13-week high and for the first time shows an annualised growth [...]
HDFC Asset Management Company Ltd (HDFC AMC) on Tuesday reported a 3 per cent increase in profit after tax (PAT) to Rs 369.5 crore for the three months ended December 2022. In comparison, the company had posted a PAT of Rs 359.7 crore in the same quarter of the preceding fiscal, HDFC AMC said in [...]
Full service carrier Vistara will continue to expand and expects to have a total of 70 planes by mid-2024, its chief Vinod Kannan said on Tuesday. The airline, a joint venture between Tata Sons and Singapore Airlines, reported an operating profit for the first time since inception in the three months ended December 2022. "The [...]
The finance ministry on Tuesday held a meeting with private sector lenders to review progress made by them under the flagship financial inclusion and social security schemes. "Dr. Vivek Joshi, Secretary DFS chaired a meeting today with the representatives of Private Sector Banks, Small Finance Banks and Payment Banks to review the progress made by [...]
Auto components maker Sona BLW Precision Forgings on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 107 crore for the third quarter ended December 31, 2022. The company reported a net profit of Rs 86 crore in the October-December quarter of the last fiscal. Revenue from operations rose to [...]
Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on [...]
CropLife India, an industry body of 16 agro-chemcial companies, has demanded that the government should provide tax sops in the upcoming budget on expenditures incurred for research and development (R&D). CropLife India would like to urge the government to "retain a uniform basic customs duty of 10 per cent for both technical raw materials and [...]
Inter-modal logistics firm Gateway Distriparks Ltd (GDL) on Tuesday reported a 15 per cent growth in its profit after tax at Rs 55.3 crore in December quarter over the same period last year. The company had recorded a PAT (profit after tax) of Rs 47.92 crore in the third quarter of FY22, GDL said in [...]
Sunteck Realty Ltd on Tuesday reported a 12 per cent increase in its sales bookings to Rs 396 crore on better demand. The company's sales bookings stood at Rs 352 crore in the year-ago period. "We had pre-sales of around Rs 396 crore in Q3 FY23, up 12 per cent on YoY (Year on Year) [...]
PNB Housing Finance on Tuesday reported 43 per cent growth in consolidated profit after tax (PAT) at Rs 269 crore for the third quarter ended December 31, 2022. The company's net profit was Rs 188 crore in October-December period of 2021-22. Loan asset stood at Rs 58,034 crore as on December 31, 2022, as compared [...]
