Maruti Suzuki’s Q3 profit rises 5%
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
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ICICI Bank Q3 net surges to ₹4,146 crore
India’s top private sector lender reported a 158% year-on-year increase in profits, aided by a one-time gain from the Essar Steel resolution.
Infosys Q3 profit up 23.7%
The Bengaluru-based IT major has increased its FY20 revenue forecast to 10%-10.5%; company’s board says whistleblower complaints against CEO and CFO “are substantially without merit.”
A tale of India’s loss-heavy banks
Data reveals that the loss-making and NPA-heavy public sector banks have serious efficiency issues.
DHFL’s survival blues
The housing finance company says recent developments may raise doubts about its ability to continue as a going concern.
Inside the issue: The Next 500
Catch a sneak peek into our Fortune India Next 500 quarterly special.
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.
ICICI Bank Q2: Silver lining in the fine print
The private sector lender saw profit fall nearly 55.8% to Rs 909 crore, but the asset quality picture serves as a redeeming factor.
Tata Steel’s profit more than doubles in Q1
The company’s profit fell short of street estimates, but its outlook for the rest of the year is optimistic.
Turnaround for Indian banks likely in FY20: S&P
More realistic NPA recognitions, rebounding corporate profits, and quicker NPA resolution under the IBC will help banks recover from a protracted bad-debt cycle, according to the ratings major.
