ICICI Q4 profit tanks 76% on exceptional provision, NPA worsens

ICICI Bank ‘s fourth quarter earnings shocked the street on Friday with profit falling sharply by 76 percent to Rs 702 crore, impacted by exceptional provisioning of Rs 3,600 crore. Strong other income, operating profit and tax refund helped the company make profit during the quarter. Net interest income, the difference between interest earned and interest … More ICICI Q4 profit tanks 76% on exceptional provision, NPA worsens

Dabur Q4 net seen up 10%, Nepal issue may hit volume growth

Dabur is likely to report net profit at Rs 313 crore, up 9.8 percent in January-March quarter from Rs 285 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, revenue may jump 6.1 percent at Rs 2069 crore in Q4FY16 against Rs 1950 crore year-on-year. During the quarter, EBITDA is seen up 9.2 … More Dabur Q4 net seen up 10%, Nepal issue may hit volume growth

Maruti Q4 profit seen down 3.4%, discounts & yen may hit margin

Country’s largest car manufacturer Maruti Suzuki is likely to disappoint the street on April 26 by reporting contraction in profit and margin for January-March quarter. Profit is seen falling 3.4 percent year-on-year to Rs 1,240 crore in Q4, which may get impacted by lower margin, Revenue may increase 9.2 percent to Rs 14,885 crore in quarter … More Maruti Q4 profit seen down 3.4%, discounts & yen may hit margin

RBI must consult with govt over UDAY scheme, says Piyush Goyal

The Reserve Bank of India (RBI) should talk to the government over the Ujwal Discom Assurance Yojana (UDAY) scheme, said Minister of Power and Coal, Piyush Goyal. RBI, in a recent report contradicting the government, had said the discom scheme will have an adverse impact on the financials of state governments. “I do wish they … More RBI must consult with govt over UDAY scheme, says Piyush Goyal

This Earth Day, let’s get really big stuff done for our planet

The movement continues. We are now entering the 46th year of a movement that continues to inspire, challenge ideas, ignite passion, and motivate people to action. In 1970, the year of our first Earth Day, the movement gave voice to an emerging consciousness, channeling human energy toward environmental issues. Forty-six years later, we continue to … More This Earth Day, let’s get really big stuff done for our planet

China’s steel rally: False dawn or market shift?

hinese steel prices are enjoying a powerful rally, but the gains may just be a false dawn as the issue of excess capacity remains unresolved. Rebar futures in Shanghai soared 6 percent on Wednesday, extending a three-day winning streak to close at a 14-month high. Prices are more than 40 percent higher year-to-date thanks to … More China’s steel rally: False dawn or market shift?