Sensex, Nifty to open higher; Maruti, Axis Bank, Biocon, Vedanta, Wipro, SBI Cards shares in focus
The Sensex and Nifty are set to open higher on the first day of the May F&O series, following strong cues from global peers and positive trends at SGX Nifty futures.
Paytm Q2: Revenues up 64%; losses widen to ₹473.5 crore
Paytm has maintained the growth momentum in the payments services business, expanded financial services business aggressively and are on the way to pre-pandemic volumes for Commerce and Cloud service.
L&T hopeful of a recovery in the second half
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
Second wave of Covid-19 may hit India Inc’s recovery
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.
Roshni Nadar Malhotra takes charge at HCL Tech
Covid-19 hits tech major’s financial performance in the June quarter over the March quarter; net profit up 31.7% over the year-ago period.
Axis Bank Q3 net profit misses estimates
Net profit rose 4.5% to ₹1,757 crore on the back of growth in net interest income. Profit did not meet analysts’ estimates but the bank saw a marginal improvement in asset quality.
Wipro’s Q3 profit dips, margins improve
The Bengaluru-based company expects revenue from its IT services business to rise by up to 2% y-o-y in the March quarter, announces interim dividend of ₹1 per equity share.
Bandhan Bank’s Q3 net rises more than twofold
Net profit for the quarter ended December 2019 increased to ₹731 crore from ₹331 crore in the corresponding period of the previous year.
L&T Q1 net profit up 20%
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
SBI is coming out of the woods
The country’s largest bank reports a profit of ₹838 crore in the March quarter, NPAs decline.