Budget 2020

Centre’s fiscal deficit at 76% of revised estimates during Apr-Feb: CGA

The central government’s fiscal deficit at the end of February worked out to be 76% of the revised estimate, indicating that it is likely to remain within the projections made by Finance Minister Nirmala Sitharaman last month. The minister had revised the fiscal deficit projections for 2020-21 to ₹18.48 lakh crore or 9.5% of the […]

News Headlines

PepsiCo Inc: Profits of $1.47 per share announced for fourth quarter

The profits announced by PepsiCo Inc in the fourth quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of $1.47 per share, 2 cents higher than the same quarter last year when the company reported EPS of $1.45. Profits of $1.46 per share were anticipated by the nineteen analysts providing […]

Budget 2020

Reliance Jio Q3 results: Net profit rises 16% QoQ; ARPU rises to Rs 151, beats estimates

MUMBAI: Reliance Industries subsidiary Reliance Jio Infocomm today reported a net profit of Rs 3,291 crore, which was 16 per cent higher than the previous quarter, with revenues rising 6 per cent to Rs 18,492 crore. The country’s largest telecom operator by subscriber base reported average revenue per user of Rs 151, which was higher […]

Budget 2020

Federal Bank Q3 results: Restructured book half of estimates, signals no big jolt for system

Federal Bank’s total restructured loans in the corporate and retail segments are half of its expectations in what could be a early sign that banks will not have to restructure many large loans due to the Covid 19 pandemic. The bank has so far restructured corporate and retail loans of Rs 1067 crore including Rs […]

Budget 2020

Wipro Q3 results: Net profit rises 21% to Rs 2,967 cr, beats estimates

NEW DELHI: Wipro on Wednesday reported a 20.8 per cent YoY rise in net profit at Rs 2,966.70 crore for the December quarter compared with Rs 2,455.80 crore in the same quarter last year. The number beat an ET NOW poll estimate of Rs 2,554 crore. Revenue for the quarter rose 1.3 per cent YoY […]

Budget 2020

Tech Mahindra Q2 results: Net profit dips 5% YoY but beats estimates​

NEW DELHI: Tech Mahindra on Friday posted a 5.27 per cent year-on-year YoY fall in net profit at Rs 1,064.60 crore for the quarter ended September 30. Analysts in an ET NOW poll had projected the figure at Rs 999 crore. The IT firm had reported a consolidated net profit of Rs 1,164.30 crore for […]