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  • Vijaya Bank Q3 net profit grows 43% | The Financial Express
    the three months ended December 2015 the bank earned fee based income of R122 crore against R93 crore a year ago showing a growth of 31 2 The operating profit for the quarter went up 26 to R443 crore as against R351 crore First Published on February 6 2016 12 09 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note

    Original URL path: http://www.financialexpress.com/article/industry/companies/vijaya-bank-q3-net-profit-grows-43/208021/ (2016-02-08)
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  • FINO to transform itself to meet financial services needs of customers: Rajeev Arora | The Financial Express
    of interest from business community in availing our service offerings especially our ability to reach un banked and under banked pockets The RBI recently directed banks to open brick and mortar branches in villages with a population of over 5 000 people since the prevailing system is skewed towards the banking correspondent model What impact will this have on a company like yours I feel there would be a lot of resistance from banks to put up additional physical branches Banks bottom line is already under pressure with provisioning and there is pressure on net interest margins and it would be difficult for them to sustain additional operating cost burden Is setting up branches the answer for financial inclusion Of course not So my sense is that branch less model is here to stay it just can t go away You call it agent led banking you call it BC banking it is the same thing What stops banks from getting into the extended reach banking market through an inorganic route Banks can of course get into the market and are already operating in this space However the core factor that remains is management bandwidth and where the organisation focuses One can excel in a few things but maybe not everything My view is that banks are strong in credit and wealth management which would continue to be there core I don t think that they will get into that business themselves They will have a security overhead which will remain and they will continue to operate in an even more concentrated framework Do you see banks opening more branches in rural areas going ahead and focusing more on lending in these areas considering the size of the untapped market No banks typically have a higher NPA on rural priority sector credit I feel that BCs are more effective when it comes to lending in rural areas with limited selected products for the market We do BC lending too and in one instance we had a branch where the branch manager had no crowd coming into his branch But he was able to meet both his liability target and lending target year on year and continued getting promotions within the bank s system We were doing lending for them and we were also collecting deposits from loan customers and till we continued doing that the NPAs were 0 I feel that is the way forward First Published on February 6 2016 12 08 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi

    Original URL path: http://www.financialexpress.com/article/industry/companies/fino-to-transform-itself-to-meet-financial-services-needs-of-customers-rajeev-arora/208020/ (2016-02-08)
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  • Pranay Lakshminarasimhan | The Financial Express
    in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note International Fleet Review 2016 President Pranab Mukherjee reviews naval fleet Asteroid TX68 to pass by Earth on March 5 at 9 000 17 000 km distance NASA Earthquake in Nepal 5 5 magnitude quake injures 15 tremors rock Bihar too Horoscope By Peter Vidal Today 08 Feb This Week 07 Feb 13 Feb SAGITTARIUS Your choices are perfectly clear Loved ones or close companions may be unreasonable but there is probably no escape from emotional tension What you can do however is make a conscious decision to treat all differences of read more Home Markets 2016 02 07 10 49 39 Outlook GDP data Q3 earnings to set market tone GDP IIP and consumer inflation will dictate market movement this week say experts while blue chips SBI and ONGC are also lined up to release their third quarter earnings numbers Sensex end 278 points up on value buying Lupin Vedanta shares surge Top 10 stocks that trended in today s trade Jindal Steel Lupin and more RBI to buy back inflation indexed bonds maturing in 2023 Mutual Fund AUM falls for third straight month in January Companies 2016 02 07 11 47 07 India Post to invest Rs 322 crore to augment parcel capacity In a bid to strengthen its position in the e commerce market India Post has proposed to invest Rs 322 crore till 2019 20 to augment parcel handling capacity through which it projects to earn a revenue of Rs 1 608 crore Facebook bans pages selling medical marijuana in US Aamir Khan loses Snapdeal contract Lupin Q3 net profit dips 12 per cent to Rs 530 crore BSE Institute announces launch of new zone for startups Economy 2016 02 06 19 54 52 Arun Jaitley asks states to step up infra social sector spending Finance Minister Arun Jaitley today said he expects states to increase spending on infrastructure and poverty alleviation schemes as the 14th Finance Commission has devolved higher funds to them Govt approves Rs 17 000 cr highway projects for 9 states Open to idea of separate mechanism for broadcasting cases Arun Jaitley Fattening MGNREGA is a national shame not pride Doubting India s fastest growing GDP stats economists devise their own Tech 2016 02 06 13 34 09 Google engineer builds smart Android powered bathroom mirror A Google engineer has developed a smart Android powered bathroom mirror which automatically displays the latest updates Twitter to launch new Facebook style timeline in 23

    Original URL path: http://www.financialexpress.com/author/pranay-lakshminarasimhan/ (2016-02-08)
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  • Corporate & Markets | Print Category | The Financial Express | Page 2
    12 11 AM Bharat Biotech International BBIL a vaccine and bio therapeutics manufacturer on Wednesday claimed that it is developing the world s first two promising vaccine candidates called Zikavac for Zika infection TCS most powerful brand in IT services FE Bureau February 4 2016 12 10 AM India s largest IT services exporter Tata Consultancy Services TCS has been rated as the world s most powerful brand in IT services by Brand Finance a leading brand valuation firm Adani Group to invest Rs 21 000 cr in Karnataka projects FE Bureau February 3 2016 11 56 PM The Adani Group has also expanded its edible oil processing capacity in the state to become the single largest edible oil producer there Colgate Palmolive inaugurates its first Indian toothbrush production unit FE Bureau February 4 2016 12 30 AM US based 17 3 billion multinational oral care company Colgate Palmolive on Wednesday inaugurated its first Indian toothbrush production unit in Sri City an integrated business park located some Wipro to add 25 000 more jobs in Bengaluru says Azim Premji FE Bureau February 4 2016 4 55 PM We are endorsing the fact that Karnataka is a very hospitable and a very progressive state for investors Azim Premji Wipro chairman Don t expect deterioration in our asset quality K Paul Thomas ESAF Microfinance FE Bureau February 4 2016 1 12 AM Speaking to FE chairman and managing director K Paul Thomas says the aim of the bank in the first few years will be to continue to cater to its current customer segment and scale up gradually Lenders non food credit grows 11 61 FE Bureau February 3 2016 11 34 PM Non food credit of banks grew 11 61 year on year for the fortnight ended January 22 according to RBI data Bajaj Finance Q3 net up 58 boosts Bajaj Finserv profit FE Bureau February 3 2016 11 33 PM At a time when everybody is waiting for the growth engine to start Bajaj Finserv has seen good growth with its consolidated revenues going up 12 to Rs 5 396 crore while profit after tax was up 26 to Rs 2 444 crore during third quarter of FY16 S Sreenivasan CFO Bajaj Finserv said Offshore rupee NDF levels hit early Sept 2013 lows FE Bureau February 3 2016 11 32 PM With the rupee closing below 68 to the dollar the offshore non deliverable forwards NDF have also hit new trading lows according to data available with Bloomberg Maintain outperformer on Adani Transmission target Rs 54 IDFC IDFC February 3 2016 11 30 PM Adani Transmission acquired all the transmission assets in Q4FY15 Q1FY16 and was listed on exchanges post demerger of Adani Enterprises Maintain sell on United Breweries target price Rs 750 Kotak Kotak February 3 2016 11 29 PM United Breweries UBBL reported an above expectations 3QFY16 partly aided by a low base Outperformance was driven by higher than expected volume growth that flowed through the entire P

    Original URL path: http://www.financialexpress.com/print/corporate-markets/page/2/ (2016-02-08)
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  • Corporate & Markets | Print Category | The Financial Express | Page 3
    billion up 8 y o y v s estimate of Rs 1 18 billion No nod for Rs 500 crore rubber fund yet Nirmala Sitharaman FE Bureau February 3 2016 12 49 AM More discussion will be necessary before deciding to allow the Rs 500 crore price stabilisation fund for rubber according to Union commerce minister Nirmala Sitharaman It was proposed that a central provision of Rs 500 crore would prop up the falling natural rubber NR price to Rs 200 per kilo India s leather industry looks to exploit China s loss FE Bureau February 3 2016 12 31 AM India s leather industry is exploring ways to firm up exports to the US and other countries in the wake of Chinese exports to these countries getting more expensive due to escalating production costs in China n With an around 12 billion turnover at present the leather industry has been identified as a focus sector under the Make In India scheme Maharashtra sugar mills to supply 33 crore litres of ethanol to oil marketing companies Nanda Kasabe February 3 2016 12 27 AM Around 32 88 crore litres of ethanol has been approved for sugar mills in Maharashtra in a recent tender floated by oil marketing companies OMCs This is perhaps the first time that 53 sugar factories that have ethanol plants in the state have come forward to bid for ethanol top officials of the Maharashtra State Cooperative Sugar Factories Federation MSCSFF said Infrastructure plan may miss target by 30 here is why Prasanta Sahu February 2 2016 10 32 AM The target for infrastructure investment during the 12th Five year Plan probably the last one in the series would fall short of the target by 30 with huge slippages in telecom electricity renewable energy ports and railways according to an internal estimate by the government Ahead of Union Budget 2016 17 govt makes income tax refunds faster Siddhartha P Saikia February 2 2016 10 55 AM Income tax refund If the taxpayer has contested the demand but no response is received within 30 days the refund would be made Core sector growth inches up 0 9 in December FE Bureau February 2 2016 1 05 AM The output of eight core sector industries inched up 0 9 in December having recovered from a 1 3 contraction in November which was its sharpest fall at least since the current series was introduced in April 2005 showed the official data released on Thursday USFDA inspects 2 Aurobindo Pharma facilities FE Bureau February 2 2016 12 57 AM Aurobindo Pharma on Monday said two of its facilities have undergone inspection by US health regulator USFDA which has issued observations for one unit Shares of the pharma firm on BSE fell 3 89 to close at Rs 800 80 on Monday Netflix claims India launch a hit fails to clear air over subscriber nos R Jai Krishna February 2 2016 12 56 AM Three weeks after it launched services in India

    Original URL path: http://www.financialexpress.com/print/corporate-markets/page/3/ (2016-02-08)
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  • Corporate & Markets | Print Category | The Financial Express | Page 4
    Earnings a tad lower than estimates Morgan Stanley February 1 2016 2 18 AM Earnings 2 below estimates ITC reported F3Q16 results with revenue operating profit and adjusted net profit of R91 bn R36 bn and R26 5 bn respectively vs India Auto Components On the fast track Credit Suisse February 1 2016 2 18 AM In the past ten years the top 100 auto component companies revenue growth has outpaced that of original equipment manufacturers OEM by 500 bp Buy rating on HDFC Bank On course to outdo peers Jefferies February 1 2016 2 17 AM HDFC Bank HDFCB continues to grow well in excess of the system headline and retail taking in market share while managing credit costs Buy rating on Idea An un IDEA L quarter breaks impressive streak Kotak Institutional Equities January 31 2016 11 52 PM A subdued albeit expected third quarter of fiscal 2016 broke Idea s 11 quarter long streak of 20 y o y Ebitda growth Indigo Airlines continues to benefit from the favourable oil environment Citi keeps target of Rs 1 300 Citi February 1 2016 11 24 AM IndiGo Airlines issued its inaugural set of results following the Nov 2015 IPO During FY3Q16 December operating Revenue improved 11 y o y and remains up 19 through FY9M16 reflecting 25 traffic growth in the quarter offset by a 14 decline in average fare price Neutral rating on IDFC Bank Q1 Cleaner but weaker Nomura February 1 2016 12 13 PM IDFC bank IDFCBK IN 53 subsidiary of IDFC Ltd reported its first quarter since inception Demerger dents IDFC earnings Q3 net slides 58 to Rs 176 cr FE Bureau January 31 2016 12 10 AM IDFC said pursuant to demerger the Q3 result of current fiscal is not comparable with previous ones Grasim posts 95 rise in net profit FE Bureau January 31 2016 12 12 AM ADITYA Birla Group s Grasim Industries posted a 95 jump in net profit for the quarter ended December 31 2015 which stood at Rs 650 crore Top telecom firms may skip bid for 700 MHz spectrum says Fitch PTI January 30 2016 1 24 AM Given the high base price that has been recommended by the Telecom Regulatory Authority of India Trai for the 700 MHz spectrum and stress on their balance sheets top telecom players may not bid for the radiowaves in this premium band says credit rating firm Fitch The top four telcos Bharti Airtel Vodafone Idea Cellular JSW Steel reports Rs 923 cr loss FE Bureau January 30 2016 1 06 AM JSW Steel on Friday reported a consolidated loss of Rs 923 crore in the three months to December against profit of Rs 328 94 crore a year ago DLF plans to complete structure before putting property on sale Shaikh Zoaib Saleem January 30 2016 12 52 AM With the sales of residential units having fallen in eight of the past nine quarters DLF is looking to change the way

    Original URL path: http://www.financialexpress.com/print/corporate-markets/page/4/ (2016-02-08)
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  • Corporate & Markets | Print Category | The Financial Express | Page 5
    look at the way the GDP is calculated as some times the rise in GDP may not be a case of any value addition Ford s Mustang to enter India FE Bureau January 29 2016 1 08 AM The iconic Ford Mustang will debut in India in the second quarter of this year the company said on Thursday ending a long wait for consumers who were looking forward to its launch EIL floor price at Rs 189 per share for 10 stake sale FE Bureau January 29 2016 1 03 AM Calculations based on the floor price suggest that the government will raise close to Rs 637 crore through the OFS 3 Wipro BPO employees arrested FE Bureau January 29 2016 1 00 AM Three employees of a call centre run by Wipro BPO have been arrested in Kolkata for allegedly stealing customer data of a British telecom company There are regrets and we could have stayed invested in Myntra says Sasha Mirchandani FE Bureau January 29 2016 9 38 AM Sasha Mirchandani has been part of the venture capital space in India for several years now Founder of sector fund Kae Capital a sector agnostic venture capital fund Myntra aims to turn profitable by 2017 FE Bureau January 29 2016 12 59 AM Myntra the fashion unit of e commerce major Flipkart on Thursday said it hopes to turn profitable by 2017 by controlling supply chain costs and slashing discounts Infosys picks minority stake in US firm FE Bureau January 29 2016 12 54 AM Infosys has announced an investment of 4 million in a two year old US based technology firm Waterline Data Science Regulation hurdle delays life insurance product clearances Chirag Madia January 29 2016 1 23 AM The domestic insurance industry is concerned about the slowing speed of product clearance in the life insurance segment We expect similar NPA provisions in Q4 FE Bureau January 29 2016 12 52 AM ICICI Bank on Thursday reported a 33 sequential rise in bad loans in the third quarter and provisions of Rs 2 844 crore Just Dial hits 52 week low of Rs 731 post Q3 earnings FE Bureau January 29 2016 12 47 AM The Just Dial stock plummeted over 9 to a 52 week low of Rs 713 30 in intra day trades on the National Stock Exchange on Thursday following weak earnings for the three months ended December 31 2015 The stock ended the session at Rs 731 10 6 9 down on the exchange 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 242 Editor s Pick How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note From Real Madrid to Chelsea Know the top 10 richest clubs New Mahindra cars at the Delhi Auto Expo 2016 Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota

    Original URL path: http://www.financialexpress.com/print/corporate-markets/page/5/ (2016-02-08)
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  • Corporate & Markets | Print Category | The Financial Express | Page 6
    HUDCO s tax free bonds receive good response on first day FE Bureau January 28 2016 12 49 AM The public issue of Housing and Urban Development Corporation s HUDCO tax free bonds received good response on Wednesday with investors bidding 3 61 times the issue size on the first day of subscription Strides Shasun acquisitions provide comfort as risk is low Credit Suisse Credit Suisse January 28 2016 7 22 AM After exiting its injectable business Strides has rebuilt itself into a geographically diversified generic company with presence across the US 15 of revenues Africa 24 and Australia 18 AskMe Grocery looks to expand ops to 70 cities Hita Gupta January 28 2016 12 44 AM With 7 500 orders daily and an average ticket size of Rs 2 500 AskMe Grocery seeks to compete with the likes of Grofers and PepperTap Ratan Tata invests in specialty tea firm Teabox FE Bureau January 28 2016 12 42 AM Tata Sons chairman emeritus Ratan Tata has invested an undisclosed amount in a specialty tea company Teabox Teamlease IPO to open on February 2 FE Bureau January 28 2016 12 42 AM Bangalore based staffing company TeamLease Services has announced its initial public offering IPO plans on Wednesday The three day public offering will open on February 2 and the price ban for the issue is R785 850 apiece The company could raise close to Rs 380 crore through the initial share sale calculations based on upper price band showed NBFC retail biz grows in Q2 on credit demand FE Bureau January 28 2016 1 36 AM The retail business of domestic non banking finance companies or NBFCs grew during the second quarter of the current financial year thanks to continuing demand for credit in the microfinance segment SBM Q3 net plunges 72 on higher provisions FE Bureau January 28 2016 12 38 AM Public sector lender State Bank of Mysore SBM on Wednesday reported a 72 decline in its net profit at R27 crore for the third quarter ended December 2015 Its net profit in the year ago period stood at R96 crore Precision Camshafts IPO starts slow FE Bureau January 28 2016 1 37 AM Precision Camshafts initial public offering IPO opened on a flat note on Wednesday but the issue saw no bids from qualified institutional buyers QIBs High net worth individuals and retail institutional investors purchased relatively fewer shares on day one of its three day offering SKS Micro Q3 net surges to Rs 79 5 cr FE Bureau January 28 2016 12 30 AM SKS Microfinance has posted a net profit of R79 5 crore in the December quarter a 2 increase compared with R77 9 crore in the previous quarter The gross loan portfolio GLP of the company excluding the states of Andhra Pradesh and Telangana registered a 13 rise quarter on quarter and a 93 year on year growth to R6 177 crore Godrej Consumer Products Q3 profit up 23 to Rs 323 crore

    Original URL path: http://www.financialexpress.com/print/corporate-markets/page/6/ (2016-02-08)
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