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HDFC Bank Q3 Net Profit Up By 20% On Strong NII
India's largest private sector bank reported a 20.31 percent increase in the net profit for the third quarter of the financial year 2018-19 to Rs 5,585.85 crore as against Rs 4,642.60 crore in the same quarter of the previous year.

SEBI Disallows L&T's Rs 9,000 Share Buyback Plan
Larsen and Turbo (L&T) Limited on Saturday said in a stock exchange filing that the market regulator SEBI (Securities and Exchange Board of India) has asked it not to proceed with its share buyback plan worth Rs 9,000 crore. The permission

Crude Oil Price Hits Two-Month High On China's Plan For Trade Truce With The US
International oil prices hit its two-month high after Bloomberg reported that China was planning on offering to buy US products to balance the trade deficit between the two largest economies in the world. According to the report, Beijing has offered to

Indian Railways Set To Enter $200 Bn Global Semi High Speed Market With Train 18
Even as the government is yet to approve the debut of commercial operation of the ambitious "Train 18" between Varanasi and Delhi, the Indian Railways is planning its entry into the global market for coaches and wagons. PTI reported citing senior

Jaitley Hints At Relief For Farmers In Upcoming Interim Budget
At the CNBC-TV18 India Business Leader Awards, Finance Minister Arun Jaitley said that the farming sector has been distressed and the markets would understand if a government approach on the same is rational and not populist one. Through video conferencing from

Wipro Q3 profit Jumps 30%; Announces 1:3 Bonus Shares
Wipro Ltd reported a 20 percent increase in net profits for the third quarter of the financial year 2018-19 on Friday after market hours at Rs 2,510 crore ($353 million) from Rs 1,931 crore in the year-ago period. The IT giant's

By 2030, India's GDP May Surpass USA's: Report
A research report by the UK-based Standard Chartered Bank showed that by 2030, seven out of the ten largest economies in the world will be those that we now call emerging or developing economies. It also predicts that China will become

Double Digit Salary Hike This Year In India; Most In Asia
Employee base in Indi may cheer as the country is expected to see salary hike in double digits this year as per the global consulting firm. But this shall be limited to just 5%, i.e. net hike or real wage growth

Jaitley May Break Tradition And Present Full Budget Instead On Feb 1
On Thursday, FM Arun Jaitley made a strong case that due to the several challenges confronting the economy, the budget which otherwise has to be an interim one due to the general elections this year may well go beyond the usual

Sun Pharma Slumps 12% After Another Whistleblower Complaint, Pharma Stocks Stressed
The share price of Sun Pharmaceuticals Ltd fell as much as 12 percent to hit a low of Rs 370.20 apiece on NSE following the reaction to a new complaint from a whistleblower against a promoter of the company. Moneylife Magazine

Rupee Hits A Month Low On Fiscal Concerns; Upbeat Dollar
The domestic currency opened the trading day lower as there is optimism surfacing on the US-China trade talks front, which lifted both the dollar and crude oil price.At the time of reporting, the rupee was trading lower 0.06% at 71.07 against

PM Rojgar Protsahan Yojana Benefits 1 Crore Employees
The flagship programme launched to benefit employees through incentising employers has since its launch benefited 1 crore employees by providing 12% contribution on behalf of employers towards EPF and EPS scheme for a period of 3 years for those who become

Reliance Industries Reports A 8.8% Jump In Q3 Net Profit
Petro-chemicals to telecom conglomerate Reliance Industries Limited (RIL) reported an 8.8 percent increase in its net profit to Rs 10,251 crore for the December 2018 ended quarter when compared to Rs 9,690 crore in the year-ago period. The company's revenue grew

HUL Records A 9% Increase In Q3 Profit To Rs 1,444 Crore
Hindustan Unilever Ltd (HUL) reported a 9 percent increase in its profits for the third quarter of the financial year 2018-19 on a year-on-year basis. For the December-ended-quarter, the FMCG major's profit rose to Rs 1,444 crore from Rs 1,326 crore

Process Of Transfer And Refund Of Shares From IEPF To Get Easier: Report
As per the news daily report, the process of transfer and refund system, in case of shares and dividends lying with the government's Investor Education and Protection Fund (IEPF) is likely to get overhauled and hence made easier, over the next

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