IndusInd Financial institution This autumn: Revenue falls 77% to Rs 302 cr QoQ as provisions spike 134%

Private sector lender IndusInd Bank on April 27 reported a March quarter profit at Rs 301.84 crore, which was much lower than the average of estimates of analysts polled by CNBC-TV18 pegged at Rs 537.3 crore.The profit declined 76.8 percent compared to the previous quarter’s net at Rs 1,300.2 crore, impacted by higher provisions and lower other income,…

Private, meals, residence merchandise to bounce again sooner publish Covid-19: Survey

MUMBAI: Given their essential products tag, personal care, food, beverages and home care are expected to recover faster as compared to other categories, according to an EY analysis. The report said furniture, electronics and appliances are expected to recover relatively slowly as consumers are expected to postpone their spend on discretionary products in near term.…

Sensex jumps over 550 factors as financial institution shares surge; Nifty above 9,300

NEW DELHI: Equity indices finished in green on Monday with the benchmark BSE sensex rising over 400 points led by gains in banking and financial stocks, after the Reserve Bank of India (RBI) launched a special liquidity facility for mutual funds to ease the pressure due to the coronovirus pandemic. The 30-share BSE index finished…