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1-10 results from 1000 for query «financial»

23 July, 2018 10:22 AM Lodha Developers' net profit rises 32% at Rs 790 cr in FY18

Realty major Lodha Developers has reported a 32 percent rise in its consolidated net profit at Rs 790 crore during the last fiscal on account of higher sales, especially in the affordable housing segment. Its net profit stood at Rs 599 crore in the 2016-17 financial year. Total income of the company, which plans to launch its maiden public issue soon, rose by 22 percent 37

22 July, 2018 4:25 PM Arvind Kejriwal's Boost For Delhi Colonies To Maintain Parks, Gardens

"Brainstormed with 200 RWAs this morning on how RWAs could participate in upkeep of parks (sic)" Arvind Kejriwal tweeted today. In an effort to make Delhi greener and cleaner, Chief Minister Arvind Kejriwal today announced increased financial assistance to the city's residents' associations for better upkeep of parks and gardens. The Delhi government 37

21 July, 2018 5:30 AM ICAI clarifies on Ind AS 115 regarding real estate sector

Coming out with a clarification on Ind AS (Indian Accounting Standard) 115 in the context of real estate sector, chartered accountants' apex body ICAI today said recognition of revenue as construction progresses is possible considering the circumstances of the individual case. The Ind AS 115 pertaining to revenue recognition came into effect from April 45

20 July, 2018 2:36 AM NCLT approves JK Paper's Rs 371 cr bid for Sirpur Paper Mills

JK Paper said the NCLT has approved its Rs 371 crore bid for debt-ridden Sirpur Paper Mills under the insolvency resolution process. The Hyderabad bench of the National Company Law Tribunal (NCLT) today admitted the resolution plan submitted by JK Paper, the company said in a regulatory filing. "Hyderabad Bench of NCLT has on July 19, 2018, approved 36

19 July, 2018 4:40 PM Allahabad Bank gets Rs 1,790 crore as equity capital from government

Public sector Allahabad Bank on Thursday said the government has approved capital infusion of Rs 1,790 crore through preferential allotment of equity shares in 2018-19. "The bank has received a communication from the government regarding capital infusion of Rs 1,790 crore towards contribution of the central government in the preferential allotment of equity 41

18 July, 2018 11:37 AM Buy Federal Bank; target of Rs 120: JM Financial

Federal Bank reported a strong quarter in 1QFY19, with PAT at INR 2.63bn (+8% above JMFe). The beat in net profit was primarily driven by strong NII growth (+22% YoY), as margins held up for FB. Credit cost was contained at 80bps for FB in 1QFY19, as slippages almost halved sequentially to 2.3% (annualised). Net stress on FB’s loan book (net NPA + other 49

18 July, 2018 11:30 AM Tata Capital appoints Anil Kaul as Managing Director

Tata Capital Housing Finance has appointed Anil Kaul as the Managing Director of the company. Kaul took over the charge from R Vaithianathan with effect from July 18, 2018, Tata Capital said in a statement today. Kaul holds an MBA degree in finance from the University of Lucknow. With over 20 years of experience in the financial sector, he has held senior 56

18 July, 2018 10:11 AM NIIT Tech Q1 revenue rises 4.6% sequentially, Operating profit fell 7.8%

NIIT Technologies said revenue for the quarter grew 4.6 percent sequentially to Rs 824.9 crore helped by strong growth in three of its largest verticals. “This strong performance came on the back of growth across all three of our major verticals," said Sudhir Singh, Chief Executive Officer, NIIT Technologies. The revenue in its insurance vertical 38

18 July, 2018 7:35 AM How Tata Steel is reversing its sunk cost fallacy

Tata Steel is rectifying its capital allocation to tap opportunities in the domestic market and strengthen its competitive edge as competitors gain power The world’s most astute investor and businessman Warren Buffett once admitted to losing a huge sum of money letting sunk cost fallacy (infusing more and more capital to salvage an original investment) 41

18 July, 2018 6:07 AM HDFC shares hit record high ahead of Rs 2,800cr AMC IPO next week

Housing Development Finance Corporation share price gained 1.2 percent intraday on Wednesday after its subsidiary HDFC Asset Management Company decided to open the initial public offering for subscription next week. HDFC informed exchanges on Tuesday that the IPO will be open for subscription by anchor investors on July 24 and the IPO will remain open for public 43