Sensex, Nifty at record high; RIL, HDFC Bank stocks fuel rally

FC Bureau City: New Delhi Electricity consumers may be enjoying good times due to surplus power in the country but not the generators who have to run their plants at less than optimum capacity, which has in turn adversely affected viability of operations.

Indias third largest IT firm Wipro today reported a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the Apr-June quarter, even as it announced a mega buyback offer of Rs 11,000 crore, joining the growing roaster of IT firms returning ...

Sutlej Textiles and Industries today reported 47.70 per cent decline in profit after tax (PAT) at Rs 23.58 crore in the first quarter of the current financial year. The company's PAT stood at Rs 45.09 crore during the corresponding quarter of the previous ...

TVS Motor Company has emerged as the second largest scooter manufacturer in India, overtaking Hero MotoCorp for the first quarter of FY2018 (April-June 2017). TVS managed to sell 2, 49,077 scooters while Hero sold 2, 09,790 units which is 39,287 units less ...

Gross NPAs at 1.09% broke FY17 trend of sub-1% levels

Posted by Equitymaster Crude oil prices fell by 4.5% during the week. The correction took place post the US government data reflecting that the production of crude oil and rig counts had risen. This data comes at a time where the oil production of ...

Sales poised to expand further   Scooters have captured a little more than a third of the domestic two-wheeler market for the first time in about  a decade. Sustained double-digit growth in scooter sales year after year has inched up its share to about 34 per cent in the world’s biggest two-wheeler market. Motorcycle sales, commanding about 70 per cent of share in 2013-14 (FY14), is now down to 62 per cent. Mopeds form a measly four per cent of two-wheelers. Motorcycles sales ...

India's GDP growth of 7.1 per cent achieved last fiscal is not as encouraging as it might seem despite the expansion rate being better than all developed countries, according to Bajaj Auto Chairman Rahul Bajaj. Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to rising NPAs of banks, along with demonetisation were mainly responsible for dampening growth, he said. "I thought of ...

Posted by Equitymaster After opening the day on a positive note, share markets in India continued to trade higher following the rollout of Goods and Services Tax, the country's landmark tax reform. All sectoral indices are trading in green, with stocks in the ...