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Maruti Suzuki Registers Profit of Rs. 1,019 crore in 3rd Quarter

Maruti has registered a net profit of Rs. 1,019 crore in the 3rd quarter of financial year 2015-16. Although the profits rose 27.1%, the Indo-Japanese carmaker missed its target of Rs. 1,330 crore profit, estimated by various analysts, by ...




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Network performance determines operator profitability

A network with superior performance is a strategic asset that operators must create, proactively monitor and sustain to attract new users and, perhaps more importantly, keep existing users happy




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Japan Stocks mixed on profit booking ahead of holidays

Total 17 issues of 33 industry category of Topix index were in positive territory, with Rubber Products, Air Transportation, Services, Electric Appliances, Precision Instruments, Securities & Commodities Futures, and Information & Communication issues being notable gainers, while Iron & Steel, Mining, Chemicals, Nonferrous Metals, and Land Transportation issues were notable losers.




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Australia Market falls on profit booking

Investors continue to struggle against positive news of lifting restrictions and re-opening the economy against what is expected to be the sharpest and most severe downturn since the great depression.




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US Stocks tumble on profit booking

U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic. The move could splinter already strained relations between the two superpowers at a perilous moment for the global economy. Senior officials across multiple government agencies are expected to meet Thursday to begin mapping out a strategy for seeking retaliatory measures against China, as per reports. Officials in American intelligence agencies are also involved in the effort. President Trump has fumed to aides and others in recent days about China, blaming the country for withholding information about the virus, and has discussed enacting dramatic measures that would probably lead to retaliation by Beijing.




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Gillette India standalone net profit declines 40.31% in the March 2020 quarter

Sales decline 12.66% to Rs 406.57 crore




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Cyient consolidated net profit declines 74.41% in the March 2020 quarter

Sales decline 7.68% to Rs 1073.60 crore




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Procter & Gamble Hygiene and Health Care standalone net profit rises 1.10% in the March 2020 quarter

Sales decline 6.19% to Rs 656.05 crore




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Western Transmission Gujarat standalone net profit declines 13.48% in the March 2020 quarter

Sales rise 27.54% to Rs 13.20 crore




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R Systems International consolidated net profit declines 23.02% in the March 2020 quarter

Sales rise 6.60% to Rs 209.26 crore




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Adani Gas consolidated net profit rises 60.28% in the March 2020 quarter

Sales decline 0.77% to Rs 462.25 crore




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SBI Card & Payment Services standalone net profit declines 66.41% in the March 2020 quarter

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019




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TCI Express standalone net profit declines 12.56% in the March 2020 quarter

Sales decline 10.50% to Rs 237.94 crore




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Shree Cement consolidated net profit rises 57.60% in the March 2020 quarter

Sales decline 2.13% to Rs 3415.14 crore




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Swaraj Engines standalone net profit declines 4.86% in the March 2020 quarter

Sales decline 8.53% to Rs 175.13 crore




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Adani Transmission consolidated net profit declines 35.72% in the March 2020 quarter

Sales rise 25.20% to Rs 3186.96 crore




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ICICI Bank consolidated net profit rises 6.92% in the March 2020 quarter

Total Operating Income rise 11.47% to Rs 21740.68 crore




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Avantel standalone net profit rises 27.55% in the March 2020 quarter

Sales rise 49.79% to Rs 21.69 crore




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HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore




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ICICI Bank Q4 consolidated profit up 6.91 pc to Rs 1,251 cr; sets aside Rs 2k-cr for virus impact

ICICI Bank on Saturday reported a 6.91 per cent growth in March quarter net at Rs 1,251 crore on a consolidated basis, after setting aside over Rs 2,000 crore in provisions for potential impact of the COVID-19 pandemic. On a standalone basis, the second largest private sector bank's profit grew 26 per cent to Rs 1,221 crore as against Rs 969 crore in the year-ago period. For fiscal year 2019-20, it reported a 135 per cent jump in standalone profit to Rs 7,930.81 crore. From an asset quality perspective, the bank reported an improvement in gross non-performing assets (NPAs) ratio to 5.53 per cent as against 6.70 per cent in the year-ago period and 5.95 per cent as of December 2019, despite over Rs 5,300 crore in fresh slippages during the reporting quarter. ICICI Bank President Sandeep Batra said it had slippages of Rs 4,300 crore in the preceding December quarter, and the additions on this front can be attributed to two accounts -- a West Asian healthcare company and a Singaporean oil




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Study: Mortgage Deduction Gives Profits to Lenders

More than $10 billion a year in U.S. taxpayer subsidies meant to assist house buyers may instead be adding to the profits of lenders. Jack Hough reports on Markets Hub. Photo: Reuters.




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Public risk, private profit


The CERC is mandated with balancing the interests of power generation companies and their consumers. But it appears that its new regulations are heavily skewed against the latter. Shripad Dharmadhikary reports.




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Who profits? Who pays?


While government and other sector actors are on the alert to address the power crisis, some find a business opportunity in it. Meanwhile, attention to rural supply continues to be low, write Sreekumar N and Shantanu Dixit.




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Beware of disaster profiteering


In view of the usual thrust on packaged food distributed in the name of relief and rehabilitation in the aftermath of any disaster or human crisis, L S Aravinda warns against the tendency to sell out local food traditions to the industry.




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Thirst for profit


People pay more for water than corporates do; in many parts of the country soft-drink giants get it almost free. Whole communities lose out as heavyweights like Coke step in. The corporate hijack of water is on and if the current trend continues, India's water sources will be in private hands before long, writes P Sainath.




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No need to amend the 'Office of profit' law


The UPA Government is attempting to achieve consensus and amend the Office of Profit law to allow select legislators to hold additional public offices. This is merely the climax of a larger trend, says Madabhushi Sridhar, of an already thin separation of power between executive and legislature, and of earlier efforts to dilute the Constitution.




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Acquiring offices for profits


Fixated on eliminating the grounds for disqualification of legislators that arose from their holding of offices-of-profit in the Executive, Parliament has sent back the infamous Parliament (Prevention of Disqualification) Amendment Bill to the President, who is now constitution-bound to sign it. Madabhushi Sridhar points out why the legislation must be stopped.




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Iodised salt: health or mere profiteering?


Recently, there has been renewed stress on compulsory iodisation, with the central government attempting to bring back a national ban on non-iodised salt. But the nature and comprehensiveness of research into iodine deficiency has never made a categorical case for a ban, finds Aparna Pallavi.




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Iodised salt: Health or mere profiteering? -- II


While it is nobody's case that iodised salt should be pushed out of the Indian market, what concerns many people's groups is the one-sided way in which iodisation is being imposed on the people of India. Aparna Pallavi concludes a two-part series into New Delhi's interest in banning non-iodised salt.




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35 acres, organic and profitable


Anitha Pailoor profiles a large landholding family farm in Karnataka's Hassan district that switched from chemical farming to organic in the mid-nineties.




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RIL Q4 Results: Reliance Announces India's Biggest Rights Issue of Rs 53,125 Crore, Jio Profit Zooms 177%

Revenue from operations for the March quarter stood at Rs 136,000 crore, against Rs 152,939 crore in December quarter and Rs 138,659 crore in the year-ago period.




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Saudi Arabia Says Investment Plans in India 'On Track' Even as Aramco's Net Profit Falls 21%

On being asked about the effect of the decline in Aramco’s profits on its plans to invest in India, Saudi Arabia's Ambassador to India reiterated that investment plans were on track.




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ICICI Bank Q4 Net Profit Rises 26 Per Cent to Rs 1,221 Crore

The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.




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Jio Adds 24mn Users in First Three Months of 2020, Annual Profit Soars by 177%

Reliance Jio now has over 388 million subscribers on its network, and looks set to grow stronger with a new investment from Facebook.




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Some Earning Profits in Sale of Covid-19 Test Kits to Govt, PM Modi Must Intervene, Says Rahul Gandhi

The Congress cited media reports about rapid test kits for Covid-19 being sold at around 150 per cent profits to the government and asked Prime Minister Narendra Modi to fix responsibility for the same.




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SBI Cards Sees 66% Drop In Q4 Profit; Asset Quality Improves

On Friday, SBI Cards and Payment Services posted a 66.41 percent fall in net profit at Rs 83.54 crore for the March-ended quarter from Rs 248.74 crore a year ago. The decline mainly points to a 138 percent jump in impairment




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ICICI Bank Post Q4FY20 Profit Of Rs. 1221 Crore; Asset Quality Improves YoY

The country's second largest private sector bank ICICI Bank in its fourth quarterly results reported a standalone profit of Rs. 1221 crore. In the year ago period, profit at the bank came in at Rs. 969.06 crore. Net interest income for




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SBI Cards Sees 66% Drop In Q4 Profit; Asset Quality Improves

On Friday, SBI Cards and Payment Services posted a 66.41 percent fall in net profit at Rs 83.54 crore for the March-ended quarter from Rs 248.74 crore a year ago. The decline mainly points to a 138 percent jump in impairment




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ICICI Bank Post Q4FY20 Profit Of Rs. 1221 Crore; Asset Quality Improves YoY

The country's second largest private sector bank ICICI Bank in its fourth quarterly results reported a standalone profit of Rs. 1221 crore. In the year ago period, profit at the bank came in at Rs. 969.06 crore. Net interest income for




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How to Start a Flower Business And Earn Good Profit?

The young and budding entrepreneurs have revolutionized the business scenario in India. The creativity, new ideas and the zeal to jump on the bandwagon and start something new have helped to bring in a new way to earn money as well




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Top 10 Indian Companies In Terms of Profit

India is host to some of the world's largest corporations with vibrant resourcefulness and market capitalization. India is growing as an economic hub, ready to make a major global effect in the years ahead. According to the company's market cap, we




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Can Fin Homes Sees Fourth Quarter 2018 Net Profit At Rs 75.46 Crore

Can Fin Homes, one of the players in the housing finance sector of India has reported 6.48 percent growth in its standalone net profit which stood at Rs 75.46 crore for the quarter ended March 31, 2018 (the fourth quarter 2018)




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RIL may see profit-booking on Monday due to global jitters, but analysts remain optimist on long-term growth

Vikas Jain of Reliance Securities said the rights issue would enable shareholders to increase the holdings at a lower price compared to Thursday#39;s closing of Rs 1,467 per share.




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Taking Stock: Sensex reclaims Mount 32K; time to book profits or stay put?

Sectorally, the action was seen in BSE Finance index, which was up 3.5 percent, followed by the Bankex that closed 2.9 percent higher.




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Taking Stock: Profit booking hits D-Street; Nifty holds 9,200; Sensex down 261 points

Profit booking hit D-Street at higher levels as concerns over muted earnings, impact of extended lockdown and rising COVID-19 cases weighed on sentiment.




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Time to take some profits off the table after gold’s sharp rally

If there is too much gold in your portfolio, you can afford to book some of the gains




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Profit taking hits D-Street; nearly 90 stocks in BSE500 fell 10-30% in a week

Markets witnessed a bounce back from the bottom over-optimism on relief measures introduced by government but continuous rise in COVID-19 cases and bad earning season weighed on the sentiments.




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SBI Card Q4 profit dips 66% YoY to Rs 83.5 crore

Revenue of the company was up 21% at Rs 2,510 crore from Rs 2,076 crore in the same period last year




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ICICI Bank Q4 profit grows by 26%, misses estimates on COVID-19 provisions; NPAs dip

Excluding COVID-19 related provisions, the profit after tax would have been Rs 3,260 crore, ICICI Bank said in its BSE filing said.




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GM sets May 18 North American restart, profit falls 88%

General Motors on Wednesday outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic as it reported a huge plunge in first-quarter profit. This report produced by Yahaira Jacquez.