Q1
Recent Highlights
All Stories for Q1
TCS shares end nearly 2% down; market cap drops by Rs 8,661 cr
•The stock was the biggest loser among the Sensex scrips.
TCS Q1 net profit falls 5.9% to Rs 5,945 cr as rupee rise shaves off Rs 650 cr revenue
•TCS posted a marginal increase of 1 percent in its consolidated revenue at Rs 29,584 crore during the quarter
Current account deficit narrows to $300 million in Q1 on massive import contraction
•The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1 per cent of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said today.
Tata Steel reports $477 million Q1 loss on Europe plant sale
•Tata Steel Ltd reported on Monday a $477 million consolidated first-quarter net loss as it sold a business in Europe, and said talks continued for a proposed partnership to run its European plants.
At 7.1% GDP, we still beat China, but Modi govt has reasons to worry with pvt investments elusive
Dinesh Unnikrishnan123 •In short, at this stage, India’s growth is largely a consumption-led, government-funded story rather than triggered by fresh capital expenditure by companies.
GDP records tepid growth at 7.1% in April-June quarter; worry for Modi government
Fp Staff •India's gross domestic product (GDP) slowed to 7.1 per cent for the first quarter of this fiscal, from 7.5 per cent in the like period of 2015-16, due mainly to lower activity in farm, mining and construction sectors, official data showed on Wednesday.
Hero MotoCorp Q1 net up 18% at Rs 883 crore
•Country's largest two-wheeler maker Hero MotoCorp today posted 18.13 per cent jump in standalone net profit to Rs 883.10 crore for the first quarter ended on June 30, 2016-17.
PNB profit more than halves to Rs 306 crore in Q1
•State-owned Punjab National Bank (PNB) today reported a 57.49 per cent plunge in net profit to Rs 306.36 crore during April-June quarter, due to sharp rise in bad loans.
Bharti Airtel Q1 profit dips 31% to Rs 1,462 crore
•Telecom major Bharti Airtel today reported around 31 per cent decline in consolidated net profit at Rs 1,462 crore for the first quarter of 2016-17 mainly due to high capital expenditure during the period.
Canara Bank Q1 profit slips 52% to Rs 229 crore
•State-run lender Canara Bank today reported 52.1 per cent decline in net profit at Rs 228.9 crore in the first quarter ended June as it parked a higher share towards contingencies for bad loans.