Aishwarya Tendolkar
BQ Prime
Mumbai, MH, India
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Past articles by Aishwarya:
India’s Fiscal Deficit In July At 77.8% Of 2019-20 Target
India’s fiscal deficit, the gap between the government’s revenue and expenditure, rose to Rs 5.47 lakh crore at the end of July. India’s GDP growth slowed to a six-year-low of 5 percent in the April-June quarter of 2019-20, as private consumption in the Indian economy weakened further. → Read More
IDBI Bank Stock Closes At 16-Year Low On Large Loss
IDBI Bank’s net loss in the June-ended quarter widened to Rs 3,800 crore from Rs 2,410 crore in the year ago period but the lender maintains that it will be in profit by March-end. “I maintain that we will be in profit by Q3 or Q4,” the bank’s Managing Director and Chief Executive Officer Rakesh Sharma told BloombergQuint. → Read More
Q1 Results: Hindalco’s Profit Slips 77%, Misses Estimates
Hindalco Industries Ltd.’s profit for the first quarter tumbled, missing estimates, as weak London Metal Exchange prices for aluminium alloy and shutdown of a copper plant weighed on the metrics. → Read More
RIL Ties Up With BP To Expand Fuel Retail Business
Reliance Industries Ltd. said it would form a joint venture with British oil-and-gas explorer BP Plc. to expand retailing of fuels in India. → Read More
India’s Fiscal Deficit At 61% Of 2019-20 Target In June
India’s fiscal deficit, or the gap between government expenditure and government revenue, rose to Rs 4.32 lakh crore at the end of June. Budget 2019 has set the India fiscal deficit target for 2019-20 at 3.3 percent of the GDP. → Read More
Q1 Results: Tech Mahindra’s Profit Falls 15%, Misses Estimates
Tech Mahindra Ltd.’s quarterly profit fell as it offered wage hikes and incurred visa costs. → Read More
Q1 Results: Reliance Industries’ Profit Rises, Margin Narrows On Petrochemical Woes
Reliance Industries Ltd.’s quarterly profit rose meeting estimates even as a lower refining margin and sluggish petrochemical business continued to weigh on its earnings. → Read More
Q1 Results: Wipro’s Profit Slips, Margin Narrows On Wage Hike
Net profit of the information technology company fell 3.9 percent to Rs 2,388 crore for the quarter ended June. → Read More
KPR Mill Cancels Buyback After Tax Imposed In Budget 2019
KPR Mill Ltd. cancelled its buyback proposal after the increased buyback tax proposed in Budget 2019 made it difficult for the apparel maker to comply with the buyback obligations beyond the amount approved by the board of directors and shareholders of the company. → Read More
RBI’s Draft Suggests Change In Forex Market Timings, Money Market Hours
The Reserve Bank of India’s draft report suggested changes in the timings of the foreign exchange market and call money market. It, however, has not made any recommendation to change trading hours of government securities. → Read More
Who Are IndiGo Promoters Rahul Bhatia And Rakesh Gangwal?
Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. → Read More
Citi Research: Weak Auto Sales, Energy Firms To Weigh On Q1 Earnings
A weaker performance by automakers, metals and energy firms in the first quarter may weigh on the earnings growth trajectory of India Inc., according to Citi Research. → Read More
Budget 2019: Why Reviving Banking Cash Transaction Tax May Be A ‘Smart Idea’
Nirmala Sitharman presented her vision for the tax collection system by alluding to the fact that if the government becomes too aggressive in collecting taxes, it will result in a far higher damage compared to what it can collect with a judicious approach. → Read More
Only 8% Villagers Get Piped Water At Home, Says A Survey
Nearly a third of rural Indians have to walk, on an average, half a kilometre to fetch water, a survey said. At least 61 percent of the 18,000 rural Indians surveyed across 19 states said their households get water through public taps or hand pumps, according to rural media platform Gaon Connection. Only 8 percent villagers said they get piped water at home. → Read More
India’s Fiscal Deficit At 52% Of FY20 Target In May
India’s fiscal deficit exceeded the halfway mark of its budgetary estimate two months into the new financial year.Fiscal deficit, the gap between the government’s revenue and expenditure, rose to Rs 3.66 lakh crore at the end of May, according to data released by the Controller General of Accounts. → Read More
Insurance Deal: HDFC ERGO And Apollo Munich To Merge In Two-Step Transaction
Housing Development Finance Corporation Ltd. will buy majority stake in Apollo Munich Health Insurance Company for Rs 1,347 crore—a move that paves the way for merging it with its general insurance business HDFC Ergo. → Read More
Azim Premji To Step Down As Wipro Chairman, Rishad Premji To Take Over On July 31
Wipro Ltd. announced the elevation of Rishad Premji as the executive chairman after his father Azim Premji announced his retirment. Azim Premji—who currently serves as the company’s Managing Director and Executive Chairman— will retire on July 30 but will remain the founding chairman of the IT-services giant. → Read More
Weatherman Predicts A Near-Normal Monsoon. But Take It With A Pinch Of Salt
India’s weatherman has forecast a near-normal monsoon this year. But the bad news is that in seven of the last 10 years, it underestimated rainfall deficiency. That’s what an IDFC Asset Management Company note, authored by its economist Sreejith Balasubramanian, cited to underscore the patchy record of the Indian Meteorological Department. → Read More
Stocks To Watch: Coal India, DHFL, ONGC, Power Grid, United Spirits
Here are the stocks to watch out for in trade today! → Read More
Q4 Results: SpiceJet Profit Rises But Misses Estimates
SpiceJet Quarterly Performance: The low-cost airline operator reported a net profit of Rs 56 crore, a 22 percent increase from the year ago period, according to its stock exchange filing. This compares with the BloombergQuint consensus estimate of Rs 115 crore. For the year, the airline reported a net loss of Rs 316.1 crore. → Read More