Page 1244 - Business Finance

ITC net profit rises 3.85% in Q3

FMCG major ITC Ltd on Wednesday reported a 3.85 per cent year-on-year (y-o-y) growth in its standalone net profit to Rs 3,209.07 crore for the third quarter ended on December 31, 2018 as compared to Rs 3,090.20 crore in the corresponding period last year.

Moody's upgrades IDBI Bank rating on improved solvency

Moody's Investors Service Wednesday upgraded IDBI Bank's rating by two notches to 'Ba2' citing improved solvency of the bank following significant capital infusion. Moody's also revised outlook on the bank to positive, saying given the high amount of non-performing loan (NPL) recognition already done, we expect the NPL formation rate to significantly decline. On January 21, IDBI received Rs 5,030 crore from the allotment of new shares to the Life Insurance Corporation of India. This follows the receipt of Rs 14,500 crore in capital from the previous tranche on December 28, 2018. Moody's Investors Service upgrades the long-term foreign currency senior unsecured rating of IDBI Bank to Ba2 from B1. The long-term local and foreign currency bank deposit ratings of IDBI was also upgraded to Ba2 from B1, the agency said in a statement. Ba2 rating implies non-investment grade speculative, while B1 implies highly speculative grade. "The capital infusion will enable the bank to increase ...

Oil prices up 1 percent on supply outlook

LONDON (Reuters) - Oil prices rose about 1 percent on Wednesday as U.S. crude stocks fell and official data indicated slowing growth in U.S. shale oil output in the coming years.

Gold holds steady as equities slip

(Reuters) - Gold held steady on Wednesday after posting its best daily gain in two weeks in the previous session, with investors drawn to bullion as global equities slipped on economic growth fears and the U.S.-China trade dispute.

Procter & Gamble's skin, fabric care brands drive sales beat

(Reuters) - Procter & Gamble Co's quarterly revenue and profit topped Wall Street estimates on Wednesday, driven by price increases and robust demand for fabric care products and premium skin care brands.

Integrated Capital Services consolidated net profit declines 83.53% in the December 2018 quarter

Sales decline 63.29% to Rs 0.29 crore

Asian Paints standalone net profit rises 19.28% in the December 2018 quarter

Sales rise 26.44% to Rs 4536.05 crore

TVS Motor Company standalone net profit rises 15.57% in the December 2018 quarter

Sales rise 26.10% to Rs 4663.98 crore

Kirloskar Industries standalone net profit declines 28.51% in the December 2018 quarter

Sales decline 1.96% to Rs 2.00 crore

Shree Cement standalone net profit declines 9.61% in the December 2018 quarter

Sales rise 20.75% to Rs 2780.63 crore

MT Educare reports consolidated net profit of Rs 2.35 crore in the December 2018 quarter

Sales rise 20.25% to Rs 49.71 crore

Alembic Pharmaceuticals consolidated net profit rises 30.04% in the December 2018 quarter

Sales rise 21.21% to Rs 1018.15 crore

Havells India standalone net profit rises 0.67% in the December 2018 quarter

Sales rise 28.11% to Rs 2518.43 crore

Vinyl Chemicals (I) standalone net profit declines 3.52% in the December 2018 quarter

Sales rise 26.57% to Rs 137.81 crore

Asian Paints consolidated net profit rises 14.60% in the December 2018 quarter

Sales rise 24.26% to Rs 5293.99 crore

InfoBeans Technologies consolidated net profit declines 5.88% in the December 2018 quarter

Sales rise 23.07% to Rs 30.57 crore

Confidence Petroleum India standalone net profit rises 144.30% in the December 2018 quarter

Sales rise 67.60% to Rs 237.37 crore

TGV Sraac standalone net profit rises 78.69% in the December 2018 quarter

Sales rise 16.34% to Rs 318.05 crore

HDFC Standard Life Insurance Company standalone net profit rises 18.48% in the December 2018 quarter

Sales rise 27.26% to Rs 6897.68 crore

Genus Power Infrastructures standalone net profit rises 74.28% in the December 2018 quarter

Sales rise 45.90% to Rs 292.08 crore