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HDFC Bank PAT grows on other income, asset quality weakens: Key Q3 takeaways
MUMBAI: Private lender HDFC Bank beat Street estimates by a wide margin when it posted a 32.8 per cent year-on-year (YoY) rise in December quarter profit on Saturday, on the back of higher interest and fee income.

The Q3 profit figure came in at Rs 7,416.48 crore, higher than a Rs 7,070 crore estimate analysts had projected in an ET Now poll.

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LTTS net profit rises 10% to Rs 204 crore in Q3
MUMBAI: L-T Technology Services posted a net profit of Rs 204.1 crore for the quarter ended 31st December 2019, up 10% over the corresponding quarter last year. Revenue for the quarter was up 8 per cent at Rs 1,423 crore while in dollar terms it was up 7 per cent at $199 million.

“Q3 results were consistent with our expectations. We had a s

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When it comes to taxation, there is always a reassurance on the intent of making India taxpayer-friendly. From the first statement made by the previous Finance Minister and last month’s statement of the current Finance Minister – reassurances have kept on coming in on a regular basis.

Why do we need such continuous reassurances? One thing we have

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Ritesh Jain, a Dalal Street veteran, trend watcher and Global Macro Investor, captures global macro investment opportunities and economic, business and financial trends with charts and commentaries in this space.

Europe’s push for renewable energy, which based on 2018 data from the European Union member countries, cost more than 5 times c

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Jio net profit surges 63% to Rs 1,350 cr in Dec quarter
MUMBAI: Reliance Jio Infocomm has reported a 62.5 per cent increase in net profit for the October-December period, helped by tariff raises that aided its average revenue per user (ARPU) rebound from seven straight quarters of decline.

The telco, led by Mukesh Ambani, on Friday said profit for the quarter rose to Rs 1,350 crore compared with Rs 831

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Sebi puts in place guidelines for listed REIT, InvIT on rights issue
New Delhi: Markets regulator Sebi on Friday put in place a framework for the rights issue of units by listed REIT and InvITs, calling for disclosure of objects of the issue, financial details in the offer document by such investment instruments.

In two separate circulars, the regulator specified the manner of issuance of units under the rights

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HDFC Bank Q3 results: Profit surges 33% YoY to Rs 7,416 crore; firm beats Street estimates
HDFC Bank on Saturday posted a 32.77 per cent year-on-year (YoY) rise in net profit at Rs 7,416.48 crore for the quarter ended December 2019. It had posted a net profit of Rs 5,585.85 crore in the same period last year.

Analysts in an ETNow poll had projected net profit of Rs 7,070 crore.

HDFC Bank’s third-quarter profit beat Street estimates s

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Mumbai | Bengaluru: Tata Consultancy Services grew the slowest among industry peers in the third quarter of this financial year hobbled by structural changes in deals involving large banking and retail customers in the US. Chief executive officer Rajesh Gopinathan termed the muted performance as a “short-term phenomenon,” while also admitting the
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HDFC Bank Q3 results preview: All eyes on slippages in auto, agri sectors
NEW DELHI: Private lender HDFC Bank is likely to report over 20 per cent year-on-year rise in December quarter profit on Saturday.

Credit growth is seen at 16-20 per cent, as retail loan growth may moderate a bit. Net interest margin (NIM) is likely to come in 4.2-4.3 per cent. Asset quality may stay strong, but slippages in auto and agriculture

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With market at record highs, eyes on reports from chipmakers
NEW YORK: Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.

The S-P 500 has gotten off to a strong start in January, up 3 per cent so far this

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ET Intelligence Group: The December 2019 quarter performance of the top information technology (IT) companies reveals that the impact of slowing revenue from the banking, financial services and insurance (BFSI) segment is more prominent for Tata Consultancy Services (TCS) compared with the peers, including Infosys and HCL Technologies. This is
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L T Finance Holdings Q3 profit inches up to Rs 591 crore
L-T Finance Holdings on Friday reported around 2 per cent rise in consolidated December quarter PAT at Rs 591 crore against Rs 580 crore reported for the same quarter a year ago.

The diversified non-banking financial company (NBFC) continued to maintain steady net interest margin and fee income, growing it to 7.29 per cent in Q3FY20 against

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Lupin gets 5 observations from USFDA for its Vizag facility

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HCL Q3 net up 17%, raises revenue growth outlook
New Delhi: HCL Technologies increased the lower end of its guidance and operating margins for the year ahead as the Noida-headquartered IT services firm’s business grew significantly faster from sales of products it acquired from IBM.

The firm forecast growth to be 16.5 per cent-17 per cent for the year to March, with operating margins — a measure

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What drove RILrecord quarterly show: Key highlights of Q3 earnings
Mumbai: Oil-to-telecom conglomerate Reliance Industries (RIL) on Friday posted its highest-ever quarterly profit for the October-December period at Rs 11,640 crore, recording a 13.5 per cent bottom line expansion from a year ago on strong show by its retail and telecom businesses.

“I am pleased with the progress of our consumer businesses, which c

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Chalet Hotels inks pact to acquire Belaire Hotels for enterprise value of Rs 290 crore
Chalet Hotels on Saturday said it has signed a share purchase agreement (SPA) to acquire Belaire Hotels Pvt Ltd -- owner of Novotel Hotel in Pune -- and its affilate entity SHPL for an aggregate enterprise value of around Rs 290 crore.

The completion of the transaction is subject to fulfillment of certain conditions precedent as agreed in the SPA,

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ET Intelligence group: Reliance Industries Friday extended its record of beating Street estimates of quarterly earnings – on 15 of the last 19 occasions– as telecom and retail businesses helped offset the impact of cyclicality in the core energy vertical at India’s most valuable company.

The first noticeable increase in phone services tariffs in

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NEW DELHI: Reliance Industries’ telecom unit Jio on Friday posted a 62.45 per cent yearly rise in profit at Rs 1,350 crore for the December quarter. Average revenue per user (Arpu) fell to Rs 128.40 from Rs 130 in the December quarter of 2018.

The company’s Ebitda increased 38.20 per cent to Rs 5,601 crore during the period under review.

Total

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With the geopolitical tensions subsiding, the market spent a quiet week even as it continued to post smaller incremental gains. The trading range also remained capped, as the market oscillated in a capped range. Showing little volatility, Nifty made minor advancements on the higher side, though it remained below the critical pattern resistance
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Metropolitan Exchange gets nod to launch weekly IRFs

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RIL Posts Record Rs 11,640 crore profit in December Quarter
MUMBAI: Reliance Industries (RIL) reported a 13.5% rise in quarterly net profit, buoyed by strong performance of its consumer-facing businesses and robust refining margins, which made up for a fall in income from its petrochemicals business, a major contributor to the conglomerate’s income.

The company also said it was sticking to its target of

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Precision eye for value-price-quality tradeoff will be vital in your 2020 play
Crystal gazing 2020 is going to be a difficult task. That’s because the signals from 2019 have been multiple and mixed. On one hand, we had a good monsoon, accommodative monetary policy and revival in GST collection in November 2019 and December 2019, indicating an uptick in consumption. On the other hand, the GDP growth slowdown, de-growth in
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MUMBAI | NEW DELHI: Vodafone Idea (VIL) may offer the government a small part of its statutory dues by January 23 to ensure it doesn’t get a defaulter’s tag or incur the displeasure of the Supreme Court, and then seek some relief, in a bid to bring back the telecom company from the jaws of insolvency, three people familiar with the matter said. Sim
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Alarmed RBI seeks govt relief for telcos to avoid bad loans
Alarmed by the risk that the telecom AGR (adjusted gross revenue) mess has created for a large bank exposure, the Reserve Bank of India (RBI) has requested the government to provide some relief to the telecom players on clearance of the dues.

“RBI has asked the government to consider a moratorium on the AGR,” ETNOW reported, quoting sources. It sai

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By DK Aggarwal

Sebi recently aligned margin processes for derivative and cash markets, with the objective of reducing risks in the system. Actually, the markets regulator has come up with many additional rules and mechanisms recently to reduce the risks of misuse of funds and securities, and to safeguard retail investors.

Sebi has now restricted sto

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Blue Dart reports Q3 loss of Rs 32 crore

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PFCdollar bonds receive 42% US participation
Kolkata: Power Finance Corporation (PFC), a non-banking finance company operating in the power sector, has successfully carried out issuance of 10.25-year $ 750 million bonds under Reg S - 144 A route. The bonds have a fixed coupon of 3.95% per annum and a yield of 4.066%.

According to a statement by PFC, with this offering, it becomes the

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The domestic market inched higher during the week gone by, but this time around, midcaps joined the rally and saw a phenomenal runup. The earnings season has set in and the early numbers look encouraging on a year-on-year basis, courtesy the corporate tax cut.

However, the market seems to be a little sceptic about moving higher ahead of the Union

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ICICI Lombard General Insurance Q3 profit rises 23% to Rs 294 crore

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Sebi comes out with disclosure format for listed debt securities
Markets regulator Sebi on Friday came out with a disclosure format for listed companies which have issued debt securities, under which they need to disclose on half-yearly basis about deviation in the use of proceeds from the objects stated in the offer documents.

The first such submission should be made by the listed entities for the half-year

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