December Quarter Results

Company embarks on aggressive deleveraging exercise even as it has cut capex for India business this fiscal

Revenue grew on the back of a 38 per cent increase in capacity and 19 per cent rise in average fare

Commissions paid by LIC on first-year premiums grew at a sharp pace of 46% YoY in December quarter

Inflows into corporate bonds dropped to Rs 5,359 crore from Rs 6,717 crore

Growth of active clients has also remained weak. According to the data sourced from the NSE, the number of active clients in 2019-2020 (up to December) stood at 9.58 mn, growing at 9% from FY19.

Cost controls, presence in profitable markets increase earnings

It also widened its consolidated loss to Rs 10,598 crore for the third quarter, against a loss of Rs 238 crore in the same period a year ago

Its stock on Friday closed 1.9 per cent lower at Rs 88.4 per share on the BSE

Posts sixth straight quarterly loss in Q3

Outlook remains intact with India business on strong footing, exports supported by ingredient capabilities

Nestle, which follows a January-December financial year, also declared its yearly income for 2019

The bank and its financial advisors are in discussions with investors on commercial terms. The investments, including pricing and size of the stake to be acquired, are all subject to regulatory approv

Firm has already brought in a nominee of the French oil major on its board

Niche product launches are key triggers for North American market

This is the third quarterly loss in a row for the firm; revenues, ARPU improve

The company, which posted 15.5 per cent rise in revenue in the December quarter, is also seeing strong growth in the European and US markets.

Positively, many companies also said that GST-related issues are now receding

The bank tapped into rising footfall to boost cross-selling