Public sector banks are emerging as the leading contributors to resurgence in MSME credit growth, and downgrades are seen in sectors dependent on consumer discretionary spends and the micro loans segment.
Ceat Q3 PAT up at Rs 132 crore on higher revenues ANI | Updated: Jan 19, 2021 17:45 IST
Mumbai (Maharashtra) [India], Jan 19 (ANI): RPG Group company Ceat Ltd on Tuesday reported a consolidated profit after tax of Rs 132 crore in the October to December quarter on revenues of Rs 2,221 crore.
The consolidated operating profits totalled Rs 240 crore on the back of higher sales revenues and less than proportionate increase in costs, said the tyre manufacturer.
The demand for tyres is largely a derived demand. In the last two quarters, the company benefited from a sharp pick-up in tyre demand due to automobiles production getting back to pre-Covid levels. Also, the retreading demand is picking up.
L&T Finance Holdings share drops over 6% post Q3 earnings
L&T Finance stock is trading higher than 20, 50, 100 and 200-day moving averages but lower than 5-day moving averages
BusinessToday.In | January 18, 2021 | Updated 17:41 IST
During the quarter under review, company s total income declined to Rs 3,622.16 crore from Rs 3,735.79 crore in the year-ago quarter
L&T Finance share price fell over 6% in Monday s bearish session, after the non-banking financial company reported a 51% decline in its consolidated net profit at Rs 287.75 crore for the quarter ended December 2020 against Rs 591.47 crore in the year-ago quarter.
L&T Finance share opened with a loss of 2.09% today at Rs 102.90 against its previous close of Rs 102.90. The stock fell 6.76% to hit the day s low of Rs 98 on BSE. The stock also hit an intraday high of Rs 103.55.
Economic activity tentatively returning to pre-Covid levels: Icra
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Economic activity tentatively returning to pre-Covid levels: Icra
PTI / Jan 18, 2021, 23:29 IST
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MUMBAI: Economic activity recorded a broad-based improvement in December as against November, showing a return of demand, according to a report.
Rating agency Icra on Monday said most of the indicators have displayed a year-on-year (y-o-y) expansion in December 2020, which signals a tentative return to pre-COVID normalcy .
It can be noted that there have been apprehensions about the sustainability of the demand after a pick-up in economic activity during the festivities. December was the first month after the busy activity season.
Domestic passenger numbers growing towards pre-COVID levels: Hardeep Puri ANI | Updated: Jan 14, 2021 17:54 IST
New Delhi [India], January 14 (ANI): Civil Aviation Minister Hardeep Singh Puri said on Thursday that number of domestic passengers is growing steadily towards pre-COVID levels.
He said in a tweet that 2,238 flights carried 2,35,564 passengers on Wednesday.
The minister said that total flight movements were 4,480 on Wednesday and total footfalls at airports were 4,69,871. Number of domestic passengers grows steadily towards pre-COVID figures. 2,35,564 passengers on 2,238 flights, total flight movements 4,480, total footfalls at airports 4,69,871, he said.
Domestic flights have gradually resumed from May last year after these were suspended due to lockdown imposed to contain the spread of COVID-19. (ANI)