Record corporate profits keep stock markets fired up
Market is expecting a stellar performance from financial and information technology sectors that hold 37.5% and 18% weightage, respectively.
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Fortune 500 India: Top Companies In Profit Growth
OMCs struck oil with inventory gains. Bharat Petroleum's profits zoomed over 400% y-o-y. Metals and pharma players made merry, dominating the list across tiers in the Fortune 500 rankings.
Fortune 500 India: 10 Most Profitable Companies
Reliance Industries was the most profitable Indian company in FY21. The pandemic-driven digitisation spree helped IT, with TCS and Infosys in the Fortune 500 rankings. Banks were key beneficiaries.
Pandemic-busting India Inc. posts record profit of ₹2.47 lakh cr in Q2 FY22
Robust performance comes on back of all-time high revenue of ₹22.54 lakh crore.
What makes PSUs the jewels of Fortune India 500
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
Axis Bank net profit rises 83% in Q2
The bank’s fresh NPAs or slippages took a sharp drop, falling 69% year on year to Rs 2,777 crore from Rs 8,936 crore last year.
Axis Bank falls a day after Q1 results
The bank’s stock fell over 3% on Tuesday. Brokerages, however, were optimistic about the stock going forward.
One-time gain helps Bharti Airtel post profit
Although analysts expected the telecom operator to post a loss in Q1, Bharti Airtel posted a surprise profit thanks to a Rs 515.6 crore tax gain.
Defence is L&T’s long-term bet
Chief financial officer R. Shankar Raman calls the segment the infrastructure heavyweight’s ‘new baby’; company sees 36% rise in net profit in Q1.
Yes Bank’s profit rises 31% in Q1
The bank saw robust loan growth, with advances rising 53.4% to Rs 2.15 lakh crore, over the previous year.
