Budget 2020

RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways

NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past. The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep […]

Budget 2020

HCL Q3 takeaways: Upgrade in FY21 guidance, order wins & more

NEW DELHI: HCL Technologies on Friday upgraded its Ebit margin guidance for FY21. Suggesting that the technology sector is in the midst of a massive digitisation wave, the IT firm said it won 13 transformational deals during the December quarter. The IT major’s revenues for the quarter beat Street estimates. A strong expansion in margin, […]

Budget 2020

Mrs Bectors IPO: Key takeaways from analyst meet

NEW DELHI: Mrs Bectors Food Specialities’ Rs 541 crore IPO is all set to hit the market on Tuesday. The IPO of premium biscuit-maker and leading supplier of buns to fast-food chains comprises an offer for sale of Rs 500 crore and a fresh issue worth Rs 40.5 crore. The price band for the same […]

Budget 2020

RBI Monetary Policy: 10 key takeaways from Shaktikanta Das’s speech

NEW DELHI: The decision of the monetary policy committee (MPC) of the Reserve Bank of India stated one thing sharply — the focus right now is more on reviving growth than containing the burgeoning inflation. RBI governor Shaktikanta Das indicted that the committee is in a tight spot as rising inflation is a threat but […]

Budget 2020

Tech Mahindra Q2 takeaways: BFSI, technology verticals drive revenue growth

NEW DELHI: IT major Tech Mahindra continued the trend of its peers and beat Street estimates for September quarter earnings. However, the growth was in low single digits which could be a cause of worry. Communications, its biggest business vertical, suffered and revenue from that came down by 5 per cent, while BFSI and technology […]

Budget 2020

Green shoots visible in Bajaj Auto’s Q2 show: Key takeaways

NEW DELHI: The negative impact of the pandemic was visible in Bajaj Auto’s September quarter earnings performance but so were the green shoots as some of the segments recorded record sales during the quarter. The company blamed lower interest rates during the second quarter, which resulted in reduction of treasury income. The company also said […]