Revenue collected under GST in October at Rs 95,131cr: Sushil Modi

The revenue collected under the Goods & Services Tax (GST) in October was Rs 95,131 crore and average revenue shortfall of states has come down to 17.6 percent, Bihar Deputy Chief Minister Sushil Modi said. The government had collected Rs 93,141 crore revenue under the GST in September. Modi, who heads the Group of Ministers (GoM) on GST Network, said the […]

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Birla Corp consolidated net profit slumps 98% to Rs 1.46 crore

Cement major Birla Corporation Ltd on Saturday reported a 97.7 percent decline in its net profit for the September quarter at Rs 1.46 crore. The company had posted a bottom line of Rs 65.43 crore in the corresponding period a year ago. Revenue from operations, however, grew 14.41 percent year-on-year to Rs 1,235.49 crore in the quarter under review compared with […]

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RCom posts Q2 loss of Rs 2,709 crore

Debt-laden telecom operator Reliance Communications on Saturday posted a consolidated loss of Rs 2,709 crore in the second quarter ended September 30, 2017. The company had registered a profit of Rs 62 crore in the same period a year ago. This is the fourth straight quarter of loss for the company. Total income of the Anil Ambani-led firm declined by 48 […]

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HDFC Standard Life Insurance raises Rs 2,322 crore from anchor investors

Moneycontrol News HDFC Standard Life Insurance Company Limited on Monday raised Rs 2,322 crore from anchor investors through allocation of 8.0686 crore equity shares at Rs 290 per equity share (upper end of the Price Band). HDFC Standard Life Insurance Company, the part of housing finance major HDFC, will open its Rs 8,695-crore initial public offering for subscription on November […]

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YES Bank Q2FY18: Buy for the period of 18 months with a target price of Rs… | Financial results | Outlook | Fundamental analysis | Spa Securities | Indianotes.com

Yes bank reported strong momentum on most of the metrics in P&L with 35% y-o-y loan book growth driving 30% y-o-y NII growth, 35% y-o-y other income growth and 34% y-o-y PPOP growth. Credit cost spiked 1.8 x y-o-y resulting in to 25% y-o-y growth into PAT to INR 10bn. However, on the balance sheet front, it was a disappointment […]

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India is the world’s largest milk producer: RS Sodhi, GCMMF

Nov 03, 2017 06:32 PM IST | Source: CNBC-TV18 In an interview to CNBC-TV18’s Manisha Gupta, RS Sodhi, MD of GCMMF and Rattan Sagar Khanna, Chairman of Kwality shared their views on the milk and milk products. In an interview to CNBC-TV18’s Manisha Gupta, RS Sodhi, MD of GCMMF and Rattan Sagar Khanna, Chairman of Kwality shared their views on […]

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Ramkrishna Forgings Q2FY18: Hold with the target price of Rs… | Financial results | Stock outlook |Encouraging net sales and PAT | Fundamental analysis | Indianotes.com

Ramkrishna Forgings Ltd. (RKFL) reported net sales of INR 3333 mn in 2Q FY18 (114.1% jump over INR 1557 mn YoY) and a PAT of INR 235 mn (loss of INR 50 mn YoY) on the back of pickup in both domestic export volume and improved realizations. EBITDAM has improved by 164.5 bps YoY despite delay in passing of increased […]

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