Posts in category Economic Times
Wipro maintains momentum in deal wins amid a tough quarter (19-07-2024)
Like some of the larger peers, it showed a marginal uptick in the banking, financial services, and insurance (BFSI) vertical, the largest vertical contributing 34% to the revenue durng the quarter. While its revenue guidance for the September quarter looks a bit more optimistic than its forecast for the June quarter, demand revival is likely to take a few more quarters.
US stocks open lower amid selloff, global tech outage (19-07-2024)
Wall Street's primary indexes declined at the opening bell on Friday as investors shifted focus away from prominent semiconductor and large-cap tech stocks, amidst concerns over the effects of a widespread global tech outage.
BPCL posts 73% fall in net profit on lower fuel prices, softer refinery margins (19-07-2024)
Last year, despite a drop in crude oil prices, it clocked extraordinary gains. This year however, a pre-election price cut of Rs 2 per litre in petrol and diesel ate into those gains.
Rupee hits record low against dollar on corporate demand; closes at 83.662 (19-07-2024)
“The local currency opened stronger because foreign portfolio investors inflows worth Rs. 5000 crores, and weakened during the day due to a fall in domestic equities and recovery of the dollar index”, said Dilip Parmar, a foreign exchange analyst at HDFC Securities.
Patanjali Foods Q1 Results: Net profit nearly triples YoY to Rs 263 cr; revenue drops 8% (19-07-2024)
Patanjali Foods Q1 Results: Revenue from operations declined 8% year-on-year to Rs 7,173 crore in the June quarter, compared with Rs 7,767 crore a year ago. The company's profit growth benefited from stable edible oil prices and consistent performance in its food and FMCG categories. Additionally, emerging sales channels like e-commerce and quick commerce have further contributed to this positive trend.
CreditAccess Grameen net profit rises 15% YoY to Rs 398 crore (19-07-2024)
The lender's total income for the quarter was 29% higher year-on-year at Rs 1,513 crore on a gross loan portfolio of Rs 26,304 crore, which expanded nearly 21% year-on-year
UltraTech’s consolidated PAT remains flat as weak pricing offsets volume growth (19-07-2024)
Even though relatively muted demand and weak pricing impacted profitability of the country’s largest cement producer, the hit was offset by some of the other costs declining as compared to the previous year
Blue Dart Express Q1 Results: Profit slips 13% to Rs 53 crore (19-07-2024)
The company had logged a net profit of Rs 61.28 crore in April-June FY24, according to a regulatory filing by Blue Dart Express
ICICI Lombard Q1 PAT up at Rs 580 crore on motor, health insurance boost (19-07-2024)
General insurance, especially the motor and health segments, has seen rapid growth in the country in recent years with a rise in vehicle sales and improved awareness following the Covid-19 pandemic and resultant medical costs