Cholamandalam Investment & Finance Company Ltd, in which the Company holds 46.5 per cent stake, disbursed Rs 15,954 crore for the half year ended September 2019
Gross NPA at 21.25% of gross advances, compared with 12.31% a year ago; net NPA rise to 10.47% from 6.88%
The company had reported Rs 2,477.28 crore consolidated net profit in the corresponding quarter a year ago
The Mumbai-based firm remained cautious in its outlook on passenger vehicles amid a prolonged slowdown and disruptions expected the switchover to BSVI emission norms
The dour outlook comes at a time when Honda is struggling to shore up its automobile operations, with its profitability down more than half in the past two years
In September, CDEL decided to sell the Global Village Tech Park to private equity major Blackstone and realty firm Salarpuria Sattva Group for Rs 2,700 crore
Total income rose to Rs 22,097.91 crore for the second quarter of 2019-20, compared with Rs 13,429.95 crore a year ago
Its overall lending book grew 4 per cent year on year to Rs 60,477 crore as against Rs 57,945 crore
Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year
Competitive pressure has forced to estimate weak revenue growth
With marginal improvement seen in Q3 dampened by the economic slowdown and weak demand, brokerages have slashed target prices
The airline will continue to make provision for aircraft maintenance for the next two quarters
Analysts at Prabhudas Lilladher, however, expect a higher revenue at Rs 8,364.7 crore, up 35.2 per cent YoY, on the back of increased international operation
Combined tax liability of companies in higher tax bracket is likely to reduce by Rs 45,000 crore
IT looks very interesting to us as it is one of the more sensibly-priced sectors, says Duggad
Combined net profit of BSE500 companies at $63 bn is 2.3% of GDP; global average is 5%
With corporate earnings not meeting expectations and automobile sales plunging in July 2019, the story could get uglier
Analysts say there is a possibility of further downgrades
They say the Indian market has hardly seen any correction, despite growing growth pangs
This was the fastest growth in companies' interest payment in at least three-and-a-half years