New Delhi, March 19 Singer India, a leading player in the sewing machine industry, made its market debut on the NSE on Thursday.Shares of the company started trading at ₹74.75 on the NSE, and finally closed at ₹70.42.The company is already listed on BSE, and the additional listing...
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Kochi (Kerala), March 11 The Fertilisers and Chemicals Travancore (FACT) has met almost all the necessary criteria for a 'Mini Ratna' status, which will, in turn, help the company achieve greater success, a senior company official said.The senior official stated that the company has met almost...
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New Delhi, March 2 Non-banking financial companies (NBFCs) specializing in gold loans are expected to see healthy profitability in the medium term, with an estimated average return on managed assets (RoMA) in the range of 4.25-4.5 per cent next fiscal, according to a report.This increase in...
Mumbai, March 2 The profitability of non-banking financial companies (NBFCs) focused on gold loans is expected to remain healthy at 4.25-4.5 per cent in FY26 and FY27, driven by strong loan growth, improved operating leverage, and low credit costs, according to a Crisil Ratings report.The...
Kolkata, February 25 The insurance industry needs to control customer acquisition costs and overall management expenses to improve profitability and make products more affordable, a senior IRDAI official said on Wednesday.Addressing the "InsureInd" organized by CII here, Insurance Regulatory...
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middle-income households
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Kolkata, February 25 The insurance industry needs to control customer acquisition costs and overall management expenses to improve profitability and make products more affordable, a senior IRDAI official said on Wednesday.Addressing the "InsureInd" organized by CII here, Insurance Regulatory...
New Delhi, February 25 Fitch Ratings on Wednesday affirmed the ratings of two public sector banks – Punjab National Bank (PNB) and Bank of Baroda (BoB) at 'BBB-' with a stable outlook.PNB and BoB's long-term Issuer Default Rating (IDR) reflects Fitch's expectation of a high probability of...
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Mumbai, February 24 Schaeffler India, the Indian arm of the German automotive component supplier, announced on Tuesday that its standalone net profit rose 32 per cent year-on-year to ₹327.96 crore for the three months ending December.Schaeffler India had reported a standalone net profit of...
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New Delhi, February 24 Financial disclosures filed by PhonePe indicate a significant improvement in revenue scale, profitability metrics, and cash generation over the last three fiscal years, signaling a shift in the company's financial trajectory amid India's evolving fintech landscape...
New Delhi, February 23 Merchant payments are emerging as the more attractive segment in India's digital payments ecosystem, with Paytm maintaining an edge in revenue intensity and profitability, according to a February 23 report by Bernstein.The brokerage said that merchant acquiring offers...
New Delhi, February 22 YES Bank, a private sector lender on the path to recovery, expects to close the current financial year with a return on assets (ROA) of 1%, according to the bank's Chief Financial Officer, Niranjan Banodkar.Return on Assets (ROA) is a profitability metric that measures...
New Delhi, February 16 The bakery company, Britannia Industries, will invest to compete against smaller players and in e-commerce to strengthen its position in product categories like biscuits, rusk, cake, croissants, and wafers.As part of its strategy, Britannia will adopt a "startup...
New Delhi, February 13 TV Today Network reported a consolidated net loss of Rs 14 lakh for the December quarter of FY26 due to the impact of the new labor codes.The company had reported a net profit of Rs 8.73 crore in the October-December period a year ago, according to a regulatory filing...