Business

Bharti Airtel’s consolidated revenue rose 6% to Rs20,602 crore during the March quarter as against Rs19,394 crore a year ago.

Top losers in early session were Tata Motors, Tata Steel, Yes Bank, Vedanta, HDFC twins, IndusInd Bank, HUL, Axis Bank, Bharti Airtel, NTPC, ICICI Bank, ONGC, Bajaj Finance, Infosys and RIL, dropping up to 4.65 per cent.

The company, on receipt of anonymous third-party information shared its preliminary findings to the Auditor, which has been verified and confirmed by the Auditor pursuant.

Godrej Properties, part of Godrej group, said it would develop a mixed-used project housing luxury flats and retail space. The company did not disclose the deal value.

Yes Bank shares lost nearly 30% today after the lender reported a loss of Rs1,506 crore for the March quarter. It was the most actively traded stock on both BSE and NSE.

Larsen & Toubro Finance Holdings’ consolidated profit after tax rose 94% to Rs548 crore in the March quarter from Rs 282 crore in the year-ago period.

While EPFO strongly advises against treating PF money as a bank account, it still allows its members to make partial withdrawals after 5-10 years of service.

In a highly volatile session, the BSE Sensex hit an high of 38,832.61 and a low of 38,518.26.

The rupee had declined by 32 paise to a two-week low of 69.67 against the US dollar Monday.

The 30-share index was trading 152.78 points or 0.40 per cent higher at 38,797.96. The NSE Nifty too rose to 40.35 points or 0.35 per cent to 11,634.80.

As lenders struggle to keep Jet Airways afloat, let’s take a look at the financiers of the airline that are likely to take a hit on their balance sheet if the airline goes down.

Before halting operations temporarily mid-last week due to severe cash-drought, the private carrier was forced to ground 69 planes owing to non-payment of rentals to lessors.

At the same time the unions opposed any move to force banks to lend more money to the airline.

SBI Capital Markets has the mandate for Jet Airways' sale on behalf of the SBI-led consortium of the domestic lenders to the debt-ridden private carrier.

Wholesale food prices in March rose 3.89 percent year-on-year, compared with a 3.29 percent jump a month earlier, the data showed.

In 2018, the US imports of steel and aluminum products totalled USD 29.5 billion and USD 17.6 billion respectively, the report said adding that over the past decade steel imports have fluctuated significantly.