HDFC FY20 results: Profit rises 30% to Rs 22,826 crore, revenue up 10%

For the January-March quarter of FY20, HDFC reported a 10 per cent decline in consolidated net profit at Rs 4,341 crore as against Rs 4,811 crore for the corresponding quarter last year

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

The company's net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19

HDFC profit falls 22% to Rs 2,233 crore in March quarter

HDFC board announced a dividend of Rs 21 per share for FY20.

HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share

Profit fell as dividend income received during the quarter was mere Rs 2 crore.

HDFC reports 22% fall in Q4 net profit

Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 to ₹2,232.53 crore as against ₹2,861.58 crore a year ago.The housing finance comp

HDFC Q4 standalone PBT down 27% to Rs 2,692 cr, revenue up marginally

The company said revenue was at Rs 11,975.72 crore, from Rs 11,580.05 a year ago.

HDFC Ltd Q4 profit declines 10 pc to Rs 4,342 cr 

Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. 

HDFC Q4 profit at Rs 2,233 crore, provisions spike on COVID-19 impact; loan growth at 12%

Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.

Bata India Q4 net profit down 57% to Rs 38 crore

The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago, Bata India said in a BSE filing.

Nucleus Software Exports Q4 net profit jumps over 64% to Rs 28.14 crore

The company said its product business revenue for the March 2020 quarter was at Rs 111.9 crore as compared to Rs 100.4 crore in the year-ago period.

Just Dial Q4 net profit rises 21.6% to Rs 76.1 crore

The company had posted a net profit of Rs 62.5 crore in the same period a year ago, Just Dial said in a regulatory filing.

Just Dial Q4 net profit rises 21.6 pc to Rs 76.1 cr

Digital directory firm Just Dial on Monday posted a 21.6 per cent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter.

HDFC profits decline: How much has the impact of COVID-19 been?

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

CEO buys struggling New Zealand media company for $1

The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists.

New Zealand's media firm Stuff to be sold for a single dollar to its CEO

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists

CEO buying struggling New Zealand media company for NZ$1

One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday.

CEO buys ailing New Zealand media giant for one dollar

Nine said that Stuff chief executive Sinead Boucher would take over the company, which operates New Zealand's most popular news website, stuff.co.nz, and titles such as Wellington's Dominion Post and the Christchurch Press.

CEO buys ailing New Zealand media giant for one dollar

Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group's Australian owners Nine Entertainment announced Monday.

One of New Zealand's largest media organisations is being sold for just $1

The organization Stuff prints many of the nation's daily newspapers and runs a popular news website of the same name. It employs about 900 staff, including 400 journalists. Owned by Australia's Nine Entertainment, Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge.

CEO buys ailing New Zealand media giant Stuff Limited for one dollar

Boucher joined as a reporter in 1993 and has spent most of her career at the company

CEO buys struggling New Zealand media company for $1

WELLINGTON, New Zealand — One of New Zealand’s largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday.

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.

Stuff CEO buys company for $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1. The chief executive was returning...

Bayer says it makes progress in settlement talks over weedkiller

FRANKFURT (Reuters) - Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Bayer says it makes progress in settlement talks over weedkiller

Bayer shares rose sharply on May 25, 2020, after reports it was close to a mass deal with American plaintiffs who claim that the company’s glyphosate-based Roundup weedkiller causes cancer

Bayer says it makes progress in settlement talks over weedkiller

Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. In April, Bayer's management regained shareholder support for its handling

Bayer has verbal agreement with some glyphosate claimants- Bloomberg

FRANKFURT — Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup weedkiller causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases.

Asia stocks rise as countries ease lockdown restriction, Hong Kong extends losses

Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law

Asia stocks mostly up on coronavirus lockdown easing but Hong Kong extends losses

Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at

Asia stocks mostly up on lockdown easing but Hong Kong extends losses

HONG KONG, May 25 — Most Asian markets rose today as a further opening up of economies from lockdown offset worries over worsening China-US tensions, while Hong Kong sank again after the city was rocked by protests at the weekend over a controversial proposed security law. While Donald Trump has...

Vermilion Energy president and CEO Anthony Marino steps down from company

CALGARY — Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion CEO departs

Vermilion Energy Inc. says Anthony Marino has stepped down as president and chief executive and as a director of the company, effective immediately.

Vermilion Energy CEO Anthony Marino steps down, executive committee to take over role

Vermilion says it has created an executive committee to run the company instead of replacing Marino

Japan lifts Tokyo’s state of emergency, eyes fresh stimulus

TOKYO, May 25 — Japanese Prime Minister Shinzo Abe said today that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up. Social distancing curbs were loosened for most of the country on May 14...

Japan lifts Tokyo’s state of emergency

Japanese Prime Minister Shinzo Abe lifted a state of emergency for Tokyo and four remaining areas on Monday after the number of infections fell across the country, but warned that it could be reimposed if the virus started spreading again.

Japan lifts Tokyo’s state of emergency, eyes fresh stimulus

TOKYO, May 25 (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that Japan will lift a state of emergency for Tokyo and four remaining areas later in the day but that it could be reimposed if the pace of infections picked up.

Shinzo Abe lifts Tokyo's state of emergency, eyes fresh economic stimulus

The move meant that the whole country would now have the social distancing curbs loosened, after an initial lifting of restrictions for most areas on May 14

New payment to support Kiwis through COVID

Hon Grant RobertsonMinister of Finance Hon Carmel SepuloniMinister for Social Development

New payment to support Kiwis through COVID - Government

The COVID-19 crisis has had a significant impact on the jobs and livelihoods of New Zealanders.

CERB payments hit $40B

A key federal benefit for Canadians out of work, or seeing large drops in their earnings, in the COVID-19 pandemic has paid out over $40 billion in emergency aid.

Increased support payments for newly jobless people

The newly jobless due to the Covid-19 crisis will be able to get $490 a week tax-free for 12 weeks. The Government this morning announced the $570...

Despite coronavirus outbreak, Nigeria’s economy grew by 1.87% in Q1

Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown. The performance recorded represented a contraction of 0.23 per cent compared to Q1 2019 and a contraction of 0.68 per […]

Nigeria’s GDP expands by 1.87% amid global challenges

The non-oil sector contributed 90.50% to the nation’s GDP in the first quarter of 2020, less than the 90.78% in the first quarter of 2019

Nigeria’s GDP rises by 1.87% in Q1 2020

Nike Popoola In the first quarter of 2020, Nigeria’s Gross Domestic Product grew by 1.87 per cent (year-on-year) in real terms. The National Bureau of Statistics revealed in ‘Nigeria’s Gross ...

GBP/USD Price Analysis: The upside is likely to remain capped near 1.2200 confluence hurdle

The GBP/USD pair gained some positive traction on Monday and for now, seems to have snapped three consecutive days of winning streak. The pair refresh

EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s

The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou

USD/INR Price News: Indian rupee bears cheer break of monthly support line, 76.25 in focus

While extending its break of the monthly resistance line, now support, USD/INR stays positive around 76.03 amid the initial Indian session on Monday.

USD/JPY Price Analysis: Keeps mild gains above previous resistance line, 200-HMA

USD/JPY rises to 107.73, up 0.08% on a day, while heading into the European session on Monday. That said, the yen pair recently took a U-turn from a f

GBP/USD: All signs are bearish for the pound

GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,

Pound Sterling Price News and Forecast: GBP/USD portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

USD/CHF Price Analysis: Buyers regain control above 100-day SMA

While extending its run-up past-100-day SMA, USD/CHF rises to 0.9720, up 0.08% on a day, during the early Monday. Considering the pair’s sustained tra

NZD/USD Price Analysis: Sellers look for entry below 0.6080/75 support confluence

NZD/USD again attempts recovery towards 0.6100 while bouncing off 0.6083 during Monday’s Asian session. Even so, the pair stays below 100-day EMA afte

GBP/USD Price Analysis: Portrays falling wedge on hourly chart below 1.2200

GBP/USD rises to 1.2191, up 0.15% on a day, during Monday’s Asian session. In doing so, the Cable pair extends its recoveries from Friday’s low of 1.2

KKR becomes Jio Platform's fifth investor in five weeks | ZDNet

Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.

Is Jio Platforms looking to raise more funds?

Jio Platforms, the wholly-owned subsidiary of Reliance Industries Ltd (RIL), is reportedly scouting for more funds, with the firm in talks with two more investors.The company controlled by Asia’s rich

German activity picks up, can't escape official recession

FRANKFURT — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings as Germany faced a long journey toward full recovery from the coronavirus downturn. Revised official figures released separately Monday showed the economy has now recorded two straight …

German activity picks up, can’t escape official recession

FRANKFURT, Germany (AP) — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings...

Still A Lot Of Value In Corporate Bond Market

Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev

Still A Lot of Value in Corporate Bond Market

Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c

EasyJet faces huge class-action lawsuit over data breach

UK law firm PGMBM files class-action claim on behalf of affected EasyJet customers.

Andy Palmer to quit as Aston Martin CEO after shares plunge

Will be replaced with Mercedes-AMG CEO Tobias Moers

COVID-19: Is this the end of the road for Renault?

Pandemic puts the French brand's 122-year history at stake...

The changing face of the billionaire classes

Is Europe becoming more American in its wealth creation as the US becomes more European?

France's cultural industry eager to bounce back after lockdown

In France, the month of May is usually synonymous with the Cannes Film Festival. But this year, the world's biggest movie extravaganza did not take place due to the coronavirus pandemic. Whether it's…

Tesco announces two big changes to Clubcard scheme - and it's good news

The supermarket is giving shoppers more time to retrospectively add Clubcard points to their accounts - while those who have already claimed them will have an extra year to use them up

Income Tax Saving: How your spouse can help you save taxes

Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving income tax. Here is how.

Unexpected policy timing, expected outcome: These measures could help RBI disinfect the economy 

RBI’s relief measures round-three restates the intention to ease the functioning of the financial markets and easing the market risks brewing in the economy amidst the deteriorating economic outlook.

Salary (CTC) calculation: Earning Rs 40,000 or Rs 30,000 as DA+Basic? You may get this extra amount

Salary (CTC) calculation: Under CTC model, if the monthly EPF wages of an employee is Rs 10,000, then he/she will get Rs 200 more directly from the employer as the share of the employer's contribution to EPF/EPS will be reduced and Rs 200 less will be deducted from his/her wages

Canada’s arts sector needs transformative action similar to Works Progress Administration

With Canadian federal, provincial and city leaders enjoying some of their highest approval levels, the time is right for an arts renewal

Monday’s analyst upgrades and downgrades

Raymond James slashes target on CAE

Jefferies’ 22 highest conviction U.S. stock picks

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Monday’s Insider Report: Executive chair invests over $4-million in REIT yielding over 9%

SmartCentres, SNC and Telus see insider buying

India should immediately start cash transfers of 1,000 per person: Abhijit Banerjee and Esther Duflo

The cash transfer of Rs 1,000 per person each month is expected to make a big difference as it would help the common man to pay for all the emergency needs, Banerjee said

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

S&P 500: The market is not going to fall off a cliff again – Charles Schwab

Q1 earnings season is virtually over. While the S&P 500 chart is showing a consolidation, Randy Frederick from Charles Schwab wouldn’t be surprised if

NZD/USD fluctuates in tight range near 0.6100

The NZD/USD capitalized on the upbeat market mood last week and gained more than 150 pips. In the absence of significant fundamental drivers at the st

GBP/USD: Near-term downside risks into mid-year – CIBC

This month, the cable has lost around 2.5%, and analysts at CIBC Capital Markets expect near-term headwinds to persist. Stay up to speed with Yohay El

EUR/CHF: SNB looking to contain Swiss franc action – CIBC

The SNB has managed to avoid EUR/CHF breaching 1.05, though it has traded at lows since the end of Q1, per CIBC Capital Markets. Dont’s miss: Diminish

USD/JPY: Downside potential is limited

The USD/JPY pair trades around 107.70, unable to attract investors after Japan announced it will lift the state of emergency in all the country, Valer

Toot toot! Afterpay runs into index day

Beware the Afterpay train this week. 

Meet Cyrus, who wants to own Virgin through the virus and beyond

Every good auction needs a smokie.

Apollo's Ventia asks for $1.6b, five banks on board

Apollo Global Management and CIMIC Group's services contractor Ventia has lobbed a $1.6 billion litmus test into Australia's leveraged loans market. 

Mindanao's trademark abaca paper is now a face mask

Tests by the Department of Science and Technology (DOST) Region 10 show that the abaca fiber mask has a filtration rate 7 times better than cloth masks and has lower water absorption than N95 masks

Lufthansa's US$9.8 billion bailout bogged down in talks with EU

Germany’s 9 billion-euro (US$9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.

Euro zone bond yields steady; focus remains on recovery fund

LONDON — Euro zone bond yields were steady on Monday, as the market overlooked a paper from Austria, Sweden, Denmark and the Netherlands opposing the EU’s planned grants-based recovery fund and awaited the European Commission’s own release later this week.

Telstra CEO wants NBN upgrade paths reflected in govt policy

Calls for telcos to be unshackled from past policy and decisions.

Fractional Shares: Why It’s in the News

Have $5? Then you could start building wealth today.

What Yasir Al-Rumayyan said at event explains unusual timing of Newcastle United takeover bid

Yasir Al-Rumayyan has given an insight into why Saudi Arabia's Public Investment Fund has been so aggressive during the coronavirus pandemic as Newcastle United supporters await the result of the Premier League's owners' and directors' test

Boost for zero-emission sources as global capital backs Indian solar power

The tumbling tariffs of solar power, however, have slashed the expectations of returns by investors from 14 per cent to 12 per cent

Flash PMI Shows Japan On Course For Record Downturn In Second Quarter

Flash Japan PMI remained well below 50 in May, indicating a further sharp drop in output. Job losses intensified as firms face steep falls in sales. Export orde

CLT Grants Go Where Increased Need Is

“Demand for services such as budgeting support, senior citizens groups, meals on wheels, crisis and long term counselling are seeing increased demand due to the effects of COVID-19. The social service organisations providing these services are but a few of the groups that have been bolstered by trust funding this grants round,” says Trust Chief Executive, Susan Finlay.

Algarve’s Monterosa Olive Oil wins two gold medals

Monterosa Extra Virgin Olive Oil, produced in the Algarve region of Moncarapacho, has won two gold medals and two silver medals at the New York International Olive Oil Competition

How Kenyan employers are supporting their employees to navigate COVID stress

The coronavirus pandemic is a health crisis and human tragedy which has affected thousands across the globe. As a result, economies are charged with providing a response to the pandemic. Some of the challenges countries are faced with include debt increase, oil demand decline, and rising unemployment. In this light, Mercer, a global consulting leader in talent, health, retirement and investment held a webinar to discuss what this pandemic could mean for Kenya’s economic landscape. According to Francis Omanyala, Associate Consultant at Mercer, Africa has unique challenges in its fight against COVID-19. However, it is crucial that organizations better understand some of these issues and redirect their energies to unlocking some of the available opportunities.

Govt Should Delay Road Tax Increase Due To Economic Crisis

“The Government should delay an increase in road user charges scheduled for 1 July this year,” according to ACT Leader David Seymour.

Will Social Security Beneficiaries Qualify for a Second Stimulus Check?

Social Security recipients were eligible for an Economic Impact Payment under the CARES Act -- should they expect something similar for stimulus 2.0?

Weekly S&P 500 ChartStorm - Downgrades, Dividends, Buybacks

This week we take stock of the uneasy landscape with downgrades, delayed payments, and yet massive monetary easing. We also document a couple of key trends in d

Familiarity Breeds Short-Termism

Familiarity has been shown to breed investment, as investors confuse familiarity with safety. Research shows that familiarity (trading in stock previously had t

Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2020 Update

Glenn Greenberg’s 13F portfolio value decreased from $1.89B to $1.74B this quarter. Brave Warrior Advisors added HCA Healthcare and increased Anthem while reduc

Before You Take an Early Retirement Plan Withdrawal Because of COVID-19, Do This

The CARES Act allows for penalty-free retirement plan withdrawals. But it pays to explore other options before raiding your IRA or 401(k).

Promoter to sell 2.75% stake worth $1 bn in Bharti Airtel via block deals

Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds

Globalisation can't be done away with Swadeshi slogans: Skanray Tech chief

In a Q&A, Vishwaprasad Alva, founder and managing director, Skanray Technologies, explains why trying to lure companies moving out of China to India could prove counterproductive

Milan-based Milkman snags €25 million to expand and partner with Poste Italiane for special delivery service

Milkman, a Milan-based logistics and delivery platform, has raised €25 million in its third round of funding, with backing from Poste Italiane, P101 sgr, Italia500, Vertis and 360 Capital. The deal includes an agreement between Milkman and Poste to create a new premium service, MLK Deliveries, specifically for Poste customers. The Italian company focuses on […]

Lithium Miners News For The Month Of May 2020

Lithium prices were slightly lower for the month, but look to have bottomed. Lithium market news - Higher demand boosts China's battery material output. Posco C

Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat

Business Standard brings to you the top headlines of the day.

Inside the Nottingham labs where drug research experts look for new treatments during pandemic

They are working together on the discovery and development of new therapeutics

Realtors body Credai write to PM seeking more funding, loan restructuring

The govt has already extended project completion and registration by six months and extended credit-linked subsidy scheme by a year

Economic package is a mix of supply-side and demand-side measures: Dharmendra Pradhan

The oil industry is faced with an extraordinary situation. Our government’s view is to take a cautious and conscious approach of a balance in price, save it and use it for welfare, says Petroleum Minister

3 Travel and Tourism Stocks Poised for a Bull Run

The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.

Mortgage ILS COVID-19 Dislocation To Elevate Reinsurance Costs: A.M. Best

The current dislocation of the mortgage insurance-linked securities market due to the COVID-19 pandemic is likely to cause mortgage reinsurance rates to rise. A

Govt asks RBI to remove sugar from negative list as virus hits consumption

Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears

Australia suspends Olympic bid

Australia’s Queensland has suspended its bid to host the 2032 Olympics recently as the state government focuses on economic recovery from the COVID-19 pandemic.