New Delhi: LIC Housing Finance, the mortgage arm of insurance behemoth LIC, plans to mobilise funds through green bonds in the coming financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects,” … Read more
Over the halfway mark into the earnings season, nearly 190 companies will be announcing their December quarter earnings on Wednesday with Street keeping its eyes fixed on the results of Nestle India, Power Grid Corporation, Tata Consumer Products and Trent. Among other important results will be those by Fortis Healthcare, Gujarat Narmada Valley Fertilizers & … Read more
Mumbai: State Bank of India (SBI)’s profit fell 35% year on year due to provisions on wage and pension increases even as loan growth remained strong. Net profit fell to Rs 9164 crore in the quarter ended December 2023 from Rs 14,205 crore a year ago as the bank made a total of Rs 13,413 … Read more
Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year ago period. The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from … Read more
New Delhi: InterGlobe Aviation, the operator of India’s largest airline IndiGo, more than doubled its net profit in the December quarter, marked by robust demand during the peak travel season and imposition of a fuel surcharge. The airline, which commands more than 60% share of India’s domestic market, posted a profit of ₹2,998 crore in … Read more
It will be an action packed day for Street on Thursday with the unveiling of Union Budget 2024 and 86 BSE listed companies announcing their December quarter earnings. Among the Nifty companies Adani Enterprises, Adani Ports & Special Economic Zone and Titan Company will be the ones that will be watched out for. Among other … Read more
Fintech major PB Fintech, which operates and runs policybazaar, will report its third quarter results today. Analysts expect the company to report healthy revenue growth along with first-ever quarterly profit. The revenue is expected to rise 34% year-on-year, led by protection business due to operating leverage and normalised advertising spends. The profit is expected to … Read more
Mumbai: Bajaj Finance, India’s largest non-banking finance company by assets, reported a 22% increase in net profit for the quarter ended December 2023 to ₹3,639 crore from ₹2,973 crore a year earlier, driven by strong loan growth. Assets under management (AUM) grew 35% to ₹3.10 lakh crore during the quarter from ₹2.30 lakh crore a … Read more
Fintech major Paytm, which has shown considerable improvement in its quarterly earnings for the past few quarters, is expected to post solid revenue growth for the quarter ended December. Revenue from operations may grow 32% year-on-year, according to an average estimate of two brokerages. On a sequential basis, revenue may rise 8%. Losses during the … Read more
Leading private lender IndusInd Bank is expected to report healthy growth in net interest income (NII) for the quarter ended December on the back of solid loan growth. NII for the third quarter is likely to grow around 16% year-on-year, according to an average estimate of five analysts. The NII growth is likely to be … Read more
