New Delhi, Apr 22 (PTI) Business confidence index improved in the January-March period of this year and would remain buoyant in the coming months, a survey by economic think-tank NCAER said on Friday. The Business Confidence Index (BCI) increased for the third consecutive quarter by 14.9 per cent on a quarter-on-quarter basis from 124.4 points [...]
IT services company HCL Technologies on Thursday reported over a three-fold jump in its consolidated net profit for the fourth quarter ended March 2022 at Rs 3,593 crore as it struck an optimistic note about the "buoyant" market environment and "strong momentum across verticals and service lines" to guide for 12-14 per cent revenue growth [...]
Mumbai, Apr 21 (PTI) Rallis India, a subsidiary of Tata Chemicals, on Thursday reported a consolidated loss of Rs 14 crore for the March quarter due to multiple challenges, including in seeds business. The company has posted a consolidated profit after tax of Rs 8 crore during the corresponding quarter of the previous financial year, [...]
New Delhi, Apr 21 (PTI) IT services company HCL Technologies on Thursday saw its net profit zoom to Rs 3,593 crore for quarter ended March 2022, and struck an optimistic note about "buoyant" market environment citing "strong momentum across verticals and service lines". The net profit was Rs 1,102 crore in the year-ago period. HCL [...]
New Delhi, Apr 21 (PTI) ICICI Lombard General Insurance Company on Thursday reported 10 per cent decline in net profit at Rs 313 crore for the fourth quarter ended March 2022.The non-life insurer had posted a net profit of Rs 346 crore in the corresponding period of 2020-21. The gross direct premium income (GDPI) of [...]
New Delhi, Apr 21 (PTI) Domestic demand for tyres is projected to grow 7-9 per cent in 2022-23 but the rise in input prices is expected to keep industry margins under pressure, according to ratings agency ICRA. Factors like gradual easing of supply related constraints in the passenger vehicle OE (original equipment) segment, improving growth [...]
Mumbai, Apr 21 (PTI) Origination of personal loans, where a borrower avails credit without any security, doubled during the 2021 festive season as compared to three years ago, indicating an increased propensity among people to celebrate using such instruments, a report said on Thursday. Personal loan origination in value terms doubled to over Rs 1.47 [...]
Telecom Sector Shows High Discrepancy Trends in Q4-21 MUMBAI, India, April 21, 2022 /PRNewswire/ -- First Advantage Corporation (NASDAQ: FA), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, announced the publication of its India Employment Screening Trends Report, which is a compilation of anonymized data and [...]
FMCG major Nestle India Ltd on Thursday reported a 1.25 per cent decline in its net profit to Rs 594.71 crore for the first quarter ended March 2022, mainly due to rising input costs. The company, which follows January-December financial year, had posted a profit of Rs 602.25 crore in the same period a year [...]
Washington, Apr 21 (PTI) The successful macroeconomic management of the Covid-19 pandemic has resulted in a strong recovery of India’s economy because of which the country is in a better position to face the economic fallout of the current Ukrainian crisis, a top official from the International Monetary Fund has said. Observing that India represents [...]
