PFC, REC shares fall up to 12%. CLSA says don't worry about impact of RBI normsShares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase o...
06 May, 2024, 01.11 PM IST
upGrad in FY 23 doubles Revenue - loss remains the same29 Nov, 2023, 02.50 PM IST
Coronavirus impact: NBFCs urge RBI to allow draw-down from reserves for provisioning"We urge upon RBI to consider, as a one-time measure, to allow NBFCs to draw-down from their Reserves and adjust towards additional Expecte...
15 May, 2020, 06.26 PM IST
Mahindra Finance mulls raising ₹ 26k croreNBFC’s stocks post the announcement of the quarterly results, plunged 15% to a two year low.
29 Jul, 2019, 09.18 AM IST
Reliance Capital reports Rs 213 crore Q3 profitThe company said its total income fell to Rs 5,016 crore from Rs 5,386 a year ago.
13 Feb, 2019, 09.36 PM IST
Implications of Indian Accountancy Standard on NBFCsOverall, it’s a welcome change but it comes with lots of challenges to the NBFCs.
30 Jul, 2018, 09.37 PM IST
Rs 870 crore exposure to group company hits Shriram Transport stockFor the first time, Shriram Transport Finance’s annual report disclosed guarantee to a group company.
05 Jul, 2018, 09.37 AM IST
New NPA framework not to cut Axis Bank too deep, says Shikha SharmaSharma said the impact of migration to Ind-AS from the present accounting system was factored-in during the infusion.
14 Feb, 2018, 07.23 PM IST
$30 billion hit looms for Indian banks on new accounting ruleIndAS -- based on the IFRS9 standards created in the aftermath of the financial crisis -- would require banks to make provisions for expect...
06 Feb, 2018, 06.59 PM IST
‘Bad loans may rise in power sector’Consumer credit and small business will grow faster than the overall book. If you look at the investments, data and analytics are very much...
13 Nov, 2017, 09.06 AM IST
Biocon shares fall 3% on poor Q1 showPromoters held 60.67 per cent stake in the company as of June 2017.
28 Jul, 2017, 04.14 PM IST
Companies to face Minimum alternate tax on dividend payout, debt recastCompanies that had announced dividend or restructured debt in the previous financial year will face this liability in the current financial...
08 May, 2017, 01.48 AM IST
FM Arun Jaitley may drop tough tax accounting rulesICDS, which are accounting standards for income tax (I-T) purposes, resulted in a greater administrative burden and also advanced recogniti...
11 Jan, 2017, 11.25 AM IST
Higher power purchase costs eats into profits at CESCCESC’s net profit for the quarter under review was Rs 174 crore, against Rs 173 crore in the previous corresponding period.
14 Sep, 2016, 07.44 PM IST
Electrosteel Castings reports 86% rise in profit for June quarterThe EBITDA margins for the period showed improvement on account of reduction in material cost and increased operational efficiencies.
29 Aug, 2016, 03.50 PM IST
Tata Power net profit plunges 76% to Rs 72 croreThe company had posted a consolidated net profit after taxes, minority interest and share of profit of associates of Rs 303.14 cr in the ye...
23 Aug, 2016, 03.51 PM IST
CIL puts share buyback plan of its subsidiaries on holdCIL has put on hold share buyback plan until they switch from the current reporting format for financial results to new Indian Accounting S...
18 Jul, 2016, 10.39 AM IST