India Business News: Dalmia Bharat reported a 29% increase in third-quarter profit on Wednesday, boosted by steady infrastructure demand. The New Delhi-based company's con
India Business News: PNB Housing Finance reported a 26% increase in net profit to Rs 338 crore for the third quarter. Total revenue fell to Rs 1,755 crore. Gross NPA declined to 1.73%.
Total provisions in the December quarter fell to ₹2.4 crore from ₹33 crore a year earlier. The gross non-performing assets ratio remained stable at 1.69% compared with 1.7% earlier.
India Business News: Reliance Jio Infocomm, the telecom unit of Indian conglomerate Reliance Industries, broke a four-quarter streak of slowing profit growth on Friday, helped by subscriber additions, partly after the recent launch of a 4G budget-friendly phone. Jio, India's biggest telecom operator by number of subscribers, said its net profit rose 12.3% year-over-year to 52.08 billion rupees (about $627 million) in the third quarter ended Dec. 31, according to an exchange filing. Revenue from operations climbed 10.3%, snapping five straight quarters of slowing growth.
NEW DELHI: Private sector lender IndusInd Bank on Thursday posted a 17 per cent increase in net profit to Rs 2,301 crore in the third quarter ended De.