Business News About Companies In India

MoneyControl

Avenue Supermarts Q2 net profit up 47.5% YoY to Rs 322.6 crore
The net profit remains flat on a sequential basis as Avenue Supermart reported a net profit of Rs 323.06 cr in the June quarter.
- 2 days ago 12 Oct 19, 11:00am -
Infosys Q2 key takeaways: Earnings meet Street expectations; company raises growth guidance
The company has declared an interim dividend of Rs 8 per equity share. The record date for dividend is October 23 and payment date is October 30, 2019.
- 3 days ago 11 Oct 19, 12:07pm -
Rallis India Q2 PAT seen up 8.8% YoY to Rs. 92.8 cr: Emkay
Net Sales are expected to increase by 10 percent Y-o-Y (up 15.4 percent Q-o-Q) to Rs. 719.2 crore, according to Emkay.
- 3 days ago 11 Oct 19, 12:04pm -
PI Industries Q2 PAT seen up 53.4% YoY to Rs. 112.4 cr: Emkay
Net Sales are expected to increase by 16.6 percent Y-o-Y (up 11.8 percent Q-o-Q) to Rs. 843 crore, according to Emkay.
- 3 days ago 11 Oct 19, 12:02pm -
Dhanuka Agritech Q2 PAT may dip 8.1% YoY to Rs. 50.6 cr: Emkay
Net Sales are expected to increase by 6 percent Y-o-Y (up 85.6 percent Q-o-Q) to Rs. 406.4 crore, according to Emkay.
- 3 days ago 11 Oct 19, 12:00pm -
Coromandel International Q2 PAT may dip 3.1% YoY to Rs. 374.4 cr: Emkay
Net Sales are expected to increase by 5 percent Y-o-Y (up 146.8 percent Q-o-Q) to Rs. 5,258.7 crore, according to Emkay.
- 3 days ago 11 Oct 19, 11:58am -
HDFC AMC Q2 Net Profit seen up 57% YoY to Rs. 323 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 10.4 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 531 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:55am -
Cholamandalam Investment Finance Company Q2 Net Profit may dip 0.3% YoY to Rs. 304 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 11.2 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 812 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:53am -
Bajaj Finserv Q2 Net Profit seen up 52.6% YoY to Rs. 1,817 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 29.9 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 12,602 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:49am -
Bajaj Finance Q2 Net Profit seen up 77.6% YoY to Rs. 1,640 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 42.8 percent Y-o-Y (up 5.5 percent Q-o-Q) to Rs. 3,897 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:46am -
Infosys Consolidated September 2019 Net Sales at Rs 22,629.00 crore, up 9.8% Y-o-Y
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- 3 days ago 11 Oct 19, 11:44am -
Infosys Standalone September 2019 Net Sales at Rs 19,666.00 crore, up 7.48% Y-o-Y
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- 3 days ago 11 Oct 19, 11:44am -
Kotak Mahindra Bank Q2 Net Profit seen up 32.3% YoY to Rs. 1,511 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 23.7 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 3,326 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:43am -
SBI Q2 Net Profit seen up 41.7% YoY to Rs. 1,338 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 10.6 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 23,124 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:34am -
Axis Bank Q2 Net Profit seen up 108% YoY to Rs. 1,643 cr: KR Choksey
Net Interest Income (NII) is expected to increase by 18.6 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 6,207 crore, according to KR Choksey.
- 3 days ago 11 Oct 19, 11:32am -

Business Today

Mind-mining with start-ups: How an Rs 10 drink revolutionised beverages in rural India
The company doesn't sell directly to bars. It markets via distributors. A well thought out distributor strategy has now made the company stand out in many parts of the southern market.
- 15 hours ago 13 Oct 19, 10:18am -
Air India says jet fuel payment issues to be sorted out soon with oil PSUs
Air India also assured its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue.
- 15 hours ago 13 Oct 19, 9:39am -
Passenger vehicles export increases by 4% in April-Sept; Hyundai leads with over 1.03 lakh units dispatched
Hyundai Motor India Ltd (HMIL) led the segment, followed by Ford India and Maruti Suzuki India (MSI) at second and third positions respectively.
- 17 hours ago 13 Oct 19, 7:59am -
Bangladesh, Nepal ahead of India as growth in South Asia slows down: World Bank
In Nepal, GDP growth is projected to average 6.5 per cent over this and next fiscal year, backed by strong services and construction activity due to rising tourist arrivals and higher public spend…
- 17 hours ago 13 Oct 19, 7:40am -
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Torrent Pharma recalls 74k bottles of hypertension treatment tablets from US, Puerto Rico
Torrent Pharma recalls drugs from US, Puerto Rico: As per the report, Torrent Pharma Inc is recalling 17,088 bottles of Losartan Potassium /Hydrochlorothiazide tablets, USP 50mg/12.5mg from the sa…
- 18 hours ago 13 Oct 19, 7:15am -
FM Nirmala Sitharaman to meet PSB CEOs on Monday; fund flow to NBFC, MSME likely to be reviewed
Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base.
- 18 hours ago 13 Oct 19, 7:01am -
FPIs withdraw over Rs 6,200 crore from Indian capital markets in October so far
Overseas investors were net buyers in the preceding month and had infused a net sum of Rs 6,557.8 crore in the domestic capital markets (both equities and debt), according to the data.
- 18 hours ago 13 Oct 19, 6:44am -
Suzuki Motorcycle overtakes Hero MotoCorp to become third-largest scooter-maker: SIAM
Honda Motorcycle & Scooter India (HMSI) continues to be the undisputed leader in the segment followed distantly by Chennai-based TVS Motor Company.
- 18 hours ago 13 Oct 19, 6:29am -
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IRCTC to make stock market debut on Monday
The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times at a price band of Rs 315-320 per share.
- 19 hours ago 13 Oct 19, 5:57am -
Eight of top 10 firms add Rs 80,943 crore in m-cap; RIL leads the way
The m-cap of Reliance Industries Ltd (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore, the most among the frontline entities.
- 19 hours ago 13 Oct 19, 5:34am -

Business Standard

Morgan Stanley, ex-employees' fund bet on India's warehousing space
Morgan Stanley has also set up a platform with Bengaluru-based developer Puravankara Projects for industrial parks
- 6 hours ago 13 Oct 19, 6:45pm -
E-commerce firm Shopmatic buys CombineSell for an undisclosed amount
Shopmatic had previously acquired a 50.1% stake in retail management and point of sale solution provider Octopus
- 8 hours ago 13 Oct 19, 5:00pm -
Airbus hopes govt will resolve Pawan Hans situation 'very quickly'
As the disinvestment process has begun, PHL has put its fleet expansion plans on hold
- 15 hours ago 13 Oct 19, 9:45am -
Fuel payment issues with oil PSUs will be resolved soon: Air India
The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue
- 16 hours ago 13 Oct 19, 9:05am -
Consumer discounts unsustainable, will go down post October: Maruti Suzuki
The company also expects current month to be better in terms of sales as compared with the same period last year.
- 18 hours ago 13 Oct 19, 7:10am -
Keeping us out of 5G will be a loss to industry, users: Huawei India CEO
Chen said it is now an "accepted fact that Huawei's technology is much ahead of the industry", and that the company is a "frontrunner in 5G".
- 20 hours ago 13 Oct 19, 5:20am -
Essar leads India Inc deleveraging; pays off Rs 1.4 trillion: Prashant Ruia
Despite deleveraging, the group still has a fairly substantial portfolio of assets and companies in the five sectors of energy, infrastructure, metals and mining, services and technology
- 20 hours ago 13 Oct 19, 5:20am -
Suzuki Motorcycle overtakes Hero MotoCorp to be third largest scooter maker
Suzuki Motorcycle India Pvt Ltd (SMIPL) has overtaken Hero MotoCorp to be the third largest scooter maker by sales in the first half (H1) of the current fiscal, according to a latest data by auto indu…
- 20 hours ago 13 Oct 19, 5:05am -
IRCTC to make stock market debut on Monday after raising Rs 645 cr in IPO
The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times
- 20 hours ago 13 Oct 19, 5:05am -
Eight of top 10 most-valued companies add Rs 80,943 cr in m-cap, RIL leads
The m-cap of Reliance Industries Ltd (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore
- 20 hours ago 13 Oct 19, 4:51am -
India's biggest telecom show may not feature Ambani vs Mittal this year
However, in a first, Home Minister Amit Shah is expected to inaugurate the India Mobile Congress, scheduled from October 14 to 16
- 1 day ago 12 Oct 19, 7:56pm -
Aavishkaar Group to catapult into Asia, Africa with latest capital infusion
Group Founder and Chairman Vineet Rai attempts to make the next leap as the largest impact platform in the two continents
- 1 day ago 12 Oct 19, 7:16pm -
In FY20, the focus is on downstream exports, says Tata Steel BSL
The plant boasts of churning out quality downstream products.
- 1 day ago 12 Oct 19, 6:37pm -
Auto sector needs a bigger boost: Nissan's new COO Ashwani Gupta
Those who worked with Gupta recall that his success at the top becomes evident as he prefers to lead from the front.
- 1 day ago 12 Oct 19, 6:23pm -
Lamborghini puts retail network in top gear with Huracan Evo Spyder
Last year, Lamborghini sold around 45 cars, higher than other sports car brands such as Ferrari and Aston Martin
- 1 day ago 12 Oct 19, 6:01pm -

Financial Express

newFITSO: This sports facilities provider aims to get people fitter
This full-stack sports facilities provider aims to get people fitter by playing sports
- 4 hours ago 13 Oct 19, 9:25pm -
newShopmatic: Everyone can sell online on this e-commerce venture
Shopmatic helps business owners manage the full spectrum of what is required to grow their businesses, says the company’s CEO & co-founder, Anurag Avula
- 4 hours ago 13 Oct 19, 9:19pm -
newFacebook needs to share gains if it wishes to go further
Facebook can start compensating its users for monetisation of their data by paying them back in Libra.
- 4 hours ago 13 Oct 19, 9:03pm -
newBest noise-canceling over-ear headphones for every budget
With the festive season around the corner, Sudhir Chowdhary puts together a list of noise-cancelling over-ear headphones for every budget which are as good for gifting as for self-pampering.
- 4 hours ago 13 Oct 19, 8:38pm -
newGoogle Maps: Search for public toilets near you just got easier
57,000 such public amenities added to Google Maps across numerous Indian cities
- 4 hours ago 13 Oct 19, 8:38pm -
newMan vs Machine: Leadership in the age of artificial intelligence
The success of leadership lies in deploying AI in smart ways that would benefit the business
- 4 hours ago 13 Oct 19, 8:38pm -
newWill artificial intelligence take over from the doctor one day?
In the grand scheme of things, it’s about incorporating AI into every procedure of a surgery/ treatment.
- 4 hours ago 13 Oct 19, 8:38pm -
newFive steps to feel good about your investment portfolio
The earlier you start, the easier the saving will be.
- 5 hours ago 13 Oct 19, 8:20pm -
DMart profit rises 48% on better margins, higher revenue
The national super market chain's earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter rose 33.24% from the year-ago period to `517 crore on higher sale
- 1 day ago 12 Oct 19, 9:13pm -
Fresh investments in infra sector in September lowest yet in FY 2019-20
Between July and September of the financial year 2019-20, fresh investment announcements stood at Rs 1.8 lakh crore, which is the lowest compared with the second quarter of the previous two financial…
- 2 days ago 12 Oct 19, 2:08am -
Bank of Baroda MF arm to merge with BNP Paribas AMC
Stock of Bank of Baroda on Friday ended at Rs 90.80 up 3.42%, on the BSE.
- 2 days ago 12 Oct 19, 2:07am -
Rs 2,397-crore Religare fraud case: Ex-Ranbaxy promoters Malvinder Singh, Shivinder sent to 4-day custody
Singh brothers and three others — former chairman and MD of Religare Sunil Godhwani, Kavi Arora and Anil Saxena — were arrested for allegedly misappropriating funds.
- 2 days ago 11 Oct 19, 10:57pm -
BPSL lenders seek NCLAT order for JSW Steel to execute resolution plan without delay
JSW Steel has offered to pay Rs 19,350 crore to financial creditors and Rs 350 crore to operational creditors in its bid that was approved by the National Company Law Tribunal (NCLT) on September 5.
- 2 days ago 11 Oct 19, 10:56pm -
Series-D Round: Club Factory raises $100 million in funding
The company claims to follow an ‘open-platform strategy’— one that allows direct contact between buyers and sellers, while facilitating any legally qualified seller to trade on the platform.
- 2 days ago 11 Oct 19, 10:55pm -
DIPAM invites advisors for strategic sale of BPCL and four other PSUs
Besides its 53.29% stake in BPCL, the core group of secretaries on disinvestment has recently approved the sale of its 63.75% stake in Shipping Corporation, 30% in Container Corporation of India (Conc…
- 2 days ago 11 Oct 19, 10:55pm -

LiveMint

‘Listing brings out governance of a firm better than if it is privately held’
Organically, we should continue to grow at 20% but where we will be 2-3 years from now will depend on when we do larger acquisitions, says Ashok Soota, executive chairman, Happiest Minds
- 6 hours ago 13 Oct 19, 6:40pm -
Jayakumar’s term at Bank of Baroda ends, another extension unlikely
A replacement for Jayakumar’s position will be announced in a day or two, said a finance ministry official.The end of Jayakumar’s term comes at a time when the state-run bank is still in the proce…
- 6 hours ago 13 Oct 19, 6:39pm -
Rural slowdown may weigh on HUL’s growth in second quarter
Weakness in sentiment, stress in agriculture segment have continued to affect rural demand, say analysts.HUL may witness tepid growth in sales volume in Q2 amid subdued demand in the rural markets
- 7 hours ago 13 Oct 19, 5:50pm -
Skewed gas rates may upset ONGC’s pricing formula in new block
ONGC may now charge buyers $6-7 per mmBtu as gas prices remain subdued due to a global supply glut.ONGC plans to begin natural gas production from the deepwater block KG-DWN-98/2 in about two to three…
- 7 hours ago 13 Oct 19, 5:37pm -
CarDekho to raise $100 mn from Autohome at $700 mn valuation
Existing investor Sequoia Capital may join the latest funding round amid growing demand for used cars.CarDekho has seen strategic investor interest despite a slowdown in automobile sales
- 8 hours ago 13 Oct 19, 4:48pm -
Bahrain’s Investcorp leads funding round in fashion retailer Bewakoof
Investcorp provided nearly 90% of funding in the latest round, which saw Bewakoof.com raise ₹80 crore.Bewakoof.com is a direct-to-consumer online fashion retailer that focuses mainly on theme-based…
- 8 hours ago 13 Oct 19, 4:44pm -
Clash of business models as war for the grocery basket escalates
Alibaba-backed BigBasket and SoftBank-backed Grofers are the leading online grocers.New entrants Swiggy and Dunzo hope to leverage their capacity for quick delivery from offline stores
- 8 hours ago 13 Oct 19, 4:38pm -
The hard thing about selling groceries online
How BigBasket’s Hari Menon resisted the pressure to pivot, stuck to an inventory-led grocery model, and was vindicated.If a customer can’t fill a basket with everything he needs, he will go to ano…
- 9 hours ago 13 Oct 19, 4:00pm -
DLF sells 376 completed flats worth <span class='webrupee'>₹</span>700 cr in Gurugram housing project
The company has launched the second phase of its luxury residential project Ultima.The second phase of this project comprises ready-to-move-in 3-4 bedroom apartments, priced at ₹1.6 crore onwards
- 12 hours ago 13 Oct 19, 12:52pm -
One arrested for snatching purse of PM Modi's niece, stolen items recovered
Damayanti Ben's purse containing cash of ₹50,000 and two mobile phones were wrenched from her grasp by two persons.Damayanti Ben Modi is the daughter of the prime minister's brother Prahlad Modi.
- 12 hours ago 13 Oct 19, 12:43pm -
Air India faces mass resignation ahead of divestment
Around 120 Airbus A-320 pilots tendered their resignation after their demands pertaining to the salary hike and promotion were not paid heed to by the AI management.This came in the backdrop of the Ce…
- 13 hours ago 13 Oct 19, 11:43am -
Realty bites: Indian property slump leaves beleaguered banks exposed
A slump in the residential property market is leaving many builders struggling to repay loans to shadow lenders.The fallout could spread to mainstream banks that have lent money to the shadow lenders…
- 13 hours ago 13 Oct 19, 11:31am -
IRCTC to make stock market debut on Monday
The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times at a price band of ₹315-320 per share.The category meant for qualified institutional buyers (QI…
- 14 hours ago 13 Oct 19, 10:54am -
DLF clocks <span class='webrupee'>₹</span>700 crore of home bookings in its ready New Gurugram project
Ultima’s first phase was launched around 2013 with a total inventory of 400 units.The bookings were registered on the first day earlier this week, in the second phase of its premium Ultima project,…
- 16 hours ago 13 Oct 19, 9:26am -
Consumer offers at peak, will go down post October: Maruti Suzuki
Maruti Suzuki, which is offering cash discounts and extended warranties on various models, witnessed its sales jump by 18-20% last month as compared with July and August.Offtake of vehicles, including…
- 16 hours ago 13 Oct 19, 8:45am -

Economic Times

Trade setup: After Friday's zigzag show, what's in store on Monday
Nifty is likely to see the 11,360 and 11,405 levels act as strong resistance points.
- 16 hours ago 13 Oct 19, 9:18am -
Brave new world: India capex in the pits; US buyback boom bottoming out
In 2018, 14 out of 15 major asset classes finished lower, with cash outperforming everything.
- 17 hours ago 13 Oct 19, 7:34am -
Is the world economy sliding into first recession since 2009?
Debate over how close the world is to its first recession since 2009 may start swirling.
- 18 hours ago 13 Oct 19, 6:45am -
FPIs pull out over Rs 6,200 crore in October so far
Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities.
- 19 hours ago 13 Oct 19, 6:20am -
Quarterly earnings, global trends to be major drivers for equities this week: Experts
Markets may also react to industrial output data released Friday evening.
- 19 hours ago 13 Oct 19, 6:13am -
IRCTC to make stock market debut on Monday
The shares will be listed on the BSE and the National Stock Exchange (NSE).
- 19 hours ago 13 Oct 19, 5:38am -
Inflation data, Q2 results may keep equities jittery
"Dismal IIP numbers suggest pressure on the rupee and more rate cuts coming."
- 19 hours ago 13 Oct 19, 5:33am -
The market’s favorite megabank is surrounded by a lending crisis
Investors pile into HDFC Bank’s stock, convinced it will emerge winner from India’s financial woes.
- 20 hours ago 13 Oct 19, 5:26am -
Eight of top 10 firms add Rs 80,943 crore in m-cap; RIL leads
The m-cap of Reliance Industries (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore.
- 20 hours ago 13 Oct 19, 5:17am -
Festival fails to buoy gold demand; China awaits trade verdict
Gold imports plunged 68 per cent year-on-year in Sept to their lowest in over three years.
- 20 hours ago 13 Oct 19, 4:40am -
The week that was in 10 stocks: DHFL, LVB take big hit; 6 BSE500 stocks hit new highs
Below are the top stocks and sectors that buzzed through the week.
- 21 hours ago 13 Oct 19, 4:21am -
US-China trade truce, macro data, Q2 numbers among key factors steering D-Street next week
Here are five key factors that are likely to chart market direction in the week ahead.
- 21 hours ago 13 Oct 19, 4:11am -
Dalal Street week ahead: Nifty may struggle to sustain an upward bias
The 11,197-11,270 zone will act as a key support over the coming days.
- 1 day ago 12 Oct 19, 2:11pm -
Bank fraud: ED attaches assets of over Rs 4,000 crore of Bhushan Steel
The central probe agency said it has attached land, building, plant and machinery of the firm located in Odisha under the provision of the Prevention of Money Laundering Act (PMLA). .
- 2 days ago 12 Oct 19, 12:36pm -
Avenue Supermarts Q2 profit surges 48% YoY to Rs 323 crore; misses Street estimates
The firm had posted a net profit of Rs 218.69 crore in the corresponding quarter last year.
- 2 days ago 12 Oct 19, 10:00am -