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Axis Bank Q4 net profit falls 43% over spike in provisioning for bad loans

Private sector lender Axis Bank reported a sharp fall in net profit for March quarter (Q4) and FY2017 due to higher provisioning for bad loans.

Apr 26, 2017

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Wipro chairman Azim Premji, other promoters poised to get 178 crore bonus shares

Wipro chairman Azim H Premji holds 9.34 crore shares while other family members and body corporates hold the rest.

Apr 26, 2017

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ICICI Prudential Life Insurance shares plunge over FY2017 results

Shares of ICICI Prudential Life Insurance are down 4.32 percent a day after the largest private insurer reported modest rise in net profit for FY2017.

Apr 26, 2017

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Talent solutions company Pontoon opens Bengaluru office

Pontoon currently has 50 employees and this is set to grow to about 200 in the next 18 to 24 months.

Apr 26, 2017

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HSBC wins mandate on $100 billion Saudi Aramco IPO

Europe's biggest bank joins peers including JPMorgan Chase & Co and Morgan Stanley on the deal.

Apr 25, 2017

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Wipro declares 1:1 bonus issue, hints at share buyback; Q4 IT revenues rise 3.9% YoY; guidance for Q1 comes at $1,915-$1,955 million

Surprising many, Wipro declares bonus shares in the ratio of 1:1, skips final dividend and plans share buyback in July; Q4 IT revenues rise 3.9% YoY and 2.7% QoQ.

Apr 25, 2017

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TCS, Tata Steel, Tata Motors shed Rs 30,000 crore in market cap since April 6

Of the 17 listed Tata Group entities, TCS, Tata Motors and Tata Steel are the biggest in terms of market capitalisation.

Apr 25, 2017

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Infosys opens delivery centre in Croatia

The Croatian facility is the latest location across 16 regions in Europe that Infosys has opened as part of its commitment to client servicing and local job creation.

Apr 25, 2017

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Amul brand owner Gujarat Cooperative Milk Marketing Federation's sales rise 18% for FY2017

Gujarat Cooperative Milk Marketing Federation (GCMMF) is India's largest dairy cooperative and sells milk and related products under Amul brand.

Apr 25, 2017

reliance industries, reliance jio, ril share price, reliance jio 4g data plan, bharti airtel telenor, indian stock markets

Reliance lifts Jio investment above $30 billion after record year

Mukesh Ambani-controlled Reliance Industries announced record profit for the 2016-17 financial year, and said the additional investment is required for its fibre network as it expands Jio's 4G reach.

Apr 25, 2017

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Reliance Industries reports upbeat results for March quarter

Mukesh Ambani-controlled Reliance Industries reports 12 percent rise in consolidated net profit and 44 percent growth in revenues for March (Q4) quarter.

Apr 24, 2017

Reliance Industries trading with gains ahead of Q4 results; Sensex up 260 points

Controlled by Mukesh Ambani, Reliance Industries will be keenly tracked for its gross refining margins and Reliance Jio data.

Apr 24, 2017

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HDFC Bank Q4 net profit rises 18%, employee strength falls by 6,000; provisioning for bad loans almost doubles

HDFC Bank reports Rs 3,990 crore net profit for Q4, an increase of 18 percent, but employee headcount falls and provisioning for NPAs rises more than 100 percent.

Apr 21, 2017

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India's civil aviation market slows down after a period of hyper growth

There is a steady decline in domestic air traffic growth from the earlier >20 percent levels to 15-16 percent for the past two months.

Apr 21, 2017

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Wipro 'sacks' hundreds of techies for non-performance

The exact number of techies "sacked" in the fourth quarter of the just-concluded FY 2017 was not known as the company is in "silent period" ahead of its results on April 25.

Apr 21, 2017

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