DLF net profit doubles to Rs 261 cr
Posted on 30th August 2016 |
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| Aided by the sale of its flagship movie theatre chain DT Cinemas to PVR for Rs 372 crore, real estate firm DLF on Monday reported a twofold jump in consolidated net profit to Rs 261 crore for the quarter ended June. According to its filings with the BSE, the net profit had stood at Rs 126 crore in the April-June quarter of the past financial year. Income from operations fell 22 per cent to Rs 1,867 crore during the first quarter of FY17 from Rs 2,389 crore in the year-ago period. DLF's total income, however, declined to Rs 2,026 crore in the quarter under review from Rs 2,520 crore in the year-ago period. The company's finance cost increased to Rs 748 crore from Rs 622 crore. DLF has booked a profit before tax of Rs 372 crore under an exceptional item, from the sale of its cinema business. In May, it had entered into an amended agreement to sell its 32 screens of DT Cinemas to multiplex operator PVR at a revised consideration of Rs 433 crore. The company has a land bank of 281 million sq ft, of which 37 mn sq ft is under construction. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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