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Third Quarter News
DCM Shriram's Q3 profit up 56 pc at Rs 213 cr
Sun, Jan 21, 2018
The profit after tax was Rs 137 in the October-December quarter of 2016-17.
Demonetisation had positive impact on sectors like metals, capital goods
Thu, Mar 16, 2017
Four months since demonetisation and its impact has started to fade out. However, everything isn't gloom and doom as analysis show that there were a few sectors that gained from Prime Minister Narendra Modi's bold attempt to tackle black money and push India towards a less-cash economy.
India's GDP growth is likely to be 5.8% in third quarter of FY17, says SBI
Wed, Feb 22, 2017
SBI's chief economic adviser Dr Soumya Kanti Ghosh in its Ecowrap report has said India's GDP will be at 5.8% in the third quarter (Q3) and will recover to 6.4% in the fourth quarter (Q4) of FY17.
Sun Pharmaceutical Industries' Q3 net profit falls nearly 5% to Rs 1,471.82 crore
Tue, Feb 14, 2017
Sun Pharmaceutical Industries consolidated net profit fell down by 4.73% to Rs 1,471.82 crore for the October to December quarter of fiscal year 2016-17 (FY17).
Britannia swats demonetisation woes; net profit up 5% in October-December
Mon, Feb 13, 2017
Britannia Industries on Monday reported 4.6% jump in the consolidated net profit for the third quarter of fiscal year 2016-17 (FY17).
Sunteck Realty posts four-fold leap in net profit for October-December 2016
Mon, Feb 13, 2017
Commercial and residential property developer Sunteck Realty has reported 269.25% rise in the consolidated net profit for the third quarter ended on December 31,2016.
Reliance Capital Q3 consolidated net profit declines nearly 5% to Rs 258 crore
Fri, Feb 10, 2017
Reliance Capital has reported 4.8% fall in the consolidated net profit for the third quarter ended on December 31, 2016.
Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings
Thu, Feb 09, 2017
India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.
Tata Steel's leverage is likely to remain high in coming quarters: Moody's
Thu, Feb 09, 2017
Moody's has projected Tata Steel's leverage to remain high in the coming quarters of 2017.
Tech Mahindra halts appraisal cycle for senior-level employees
Mon, Feb 06, 2017
Indian IT firm Tech Mahindra has suspended the appraisal cycle for senior-level employees possessing more than six years of experience pending a management review.
Jet Airways third quarter net profit drops nearly 70% to Rs 14,238 lakh
Fri, Feb 03, 2017
Jet Airways has reported 69.52% decline in its standalone net profit for the third quarter ended on December 31, 2016.
Facebook's net income soars 177% in 2016
Thu, Feb 02, 2017
Facebook reported net income of $10.2 billion in 2016, up 177 per cent from the previous year`s total of $3.7 billion.
India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA
Mon, Jan 30, 2017
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.
HDFC Bank cuts headcount to over 4,500 in third quarter on efficiences, lower hiring
Thu, Jan 26, 2017
HDFC Bank has lowered its headcount to 4,581 employees in third quarter on account of efficiencies in the system and lower hiring.
Will Kotak Mahindra Bank shine again this Q3?
Tue, Jan 24, 2017
Kotak Mahindra Bank (KMB) is set to announce its third quarter ended December 31, 2017 results on Tuesday January 24, 2017.
India's current account deficit likely to be 1.3% of GDP in 2017: Nomura
Mon, Jan 16, 2017
India's current account deficit (CAD) is expected to be around 1.3% of GDP in 2017 as against a deficit of 0.8% in 2016, says a report.
Post demonetisation organised retail sector likely to post low single digit growth in Q3 FY17: India Ratings
Fri, Jan 13, 2017
Post demonetisation organised retail sector is expected to post low single digit growth with varying impact across different sub-sectors in the October-December quarter of fiscal year 2016-17 (FY17), said India Ratings and Research (Ind-Ra) in its latest report on Friday.
Attrition rate at Infosys, TCS slows in Q3
Fri, Jan 13, 2017
The attrition rate at two of India’s top IT firms slowed in the third quarter (Q3) of the financial year (FY17).
Note Ban Impact: Corporate earnings to dip to 4% in third quarter
Tue, Jan 10, 2017
After recording an average revenue growth of 6.3% for three consecutive quarters, corporate earnings for key sectors will likely dip to 4% for the October-December period of 2016-17, owing to the Government's demonetisation drive, said a Crisil report.
Demonetisation kills Navratri appetite of fast food restaurants
Mon, Jan 09, 2017
Fast food or Quick Service Restaurants (QSRs) turned vegetarian and refurbished their menus only to have their efforts washed out by the government's demonetisation decision. Analysts predict lower sales growth for the quarter ending December 31.