Posts From Rajesh Sharma

Reliance Industries Ltd expects its earnings to increase further in the coming quarters after they hit a record in the third quarter, helped by the first-ever profit at its Jio telecoms business. Reliance Jio Infocomm Ltd, in which the conglomerate

 India’s economy won’t significantly benefit from a goods and services tax until after next fiscal year, according to a slim majority of economists polled by Reuters, but almost half said rewards might come sooner. Economic growth is probably at its

India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $ 3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said. Tech-savvy

The Dalal Streel remains in a bullish mode as benchmark indices ended another session at record closing high on Friday, taking weekly gains to 919 points on the Sensex. Encouraging earnings (which so far met analyst expectations), gradual boost through

HDFC Bank Ltd reported a record high quarterly profit, as an increase in interest and fee incomes as well as a steady non-performing loan ratio boosted the bottom line for India’s second-largest lender by assets. Net profit for the lender

3:25 pm ICICI Prudential Life up 4% post earnings: ICICI Prudential Life said profit in Q3 grew by 0.5 percent to Rs 452.1 crore against Rs 450 crore reported in year-ago. Net premium income jumped 19.3 percent to Rs 6,795 crore from Rs 5,697 crore

NEW DELHI (Reuters) – Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks

11:33 am Acquisition: Drug firm Torrent Pharmaceuticals shares gained more than 1 percent intraday after it has acquired US-based generic pharmaceuticals and OTC firm Bio-Pharm Inc for an undisclosed amount. To date, Bio-Pharm Inc has 10 approved abbreviated new drug applications

10:15 am Earnings Estimates: Private sector lender Kotak Mahindra Bank’s third quarter (October-December) standalone profit is seen rising 21 percent to Rs 1,064.2 crore, compared to Rs 879.8 crore in year-ago. The Street is anticipating highest NII growth rate in last few

 International Business Machines Corp’s (IBM.N) revenue rose for the first time in 23 quarters and beat analysts’ estimates as the company’s shift into its focus areas such as cloud computing and security services gains traction. IBM’s shares fell 2.7 percent