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The company said that the FMCG-others segment delivered a resilient performance during the quarter amidst a marked slowdown in the FMCG industry across urban and rural markets.

ITC Q1 net profit up 12.6 per cent

The company had posted a net profit of Rs 3,049 crore in the previous fiscal.

3 Aug 2019 1:21 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Markets looking indecisive in short term

The Nifty witnessed a 150 points recovery from the lows of 10848 while the Sensex recovered nearly 500 points from the...

3 Aug 2019 1:20 AM IST

The slow pace of revenue growth can be attributed to a broad-based slowdown in consumption, which has affected sectors such as automobiles and fast-moving consumer goods (FMCG).

FMCG firms face demand dearth, push inventory

Average stock at trade channel up by 10 days to 25 days.

3 Aug 2019 1:20 AM IST

Mr. Rahil Ansari, Head Audi India posing with the Audi e-tron, in Gurugram.

Audi to launch 30 e-cars, first e-Tron SUV debuts

Audi e-Tron is powered by two motors.

3 Aug 2019 1:20 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI posts Rs 2,312 crore profit, but slippages rise

The lender had reported a net loss of Rs 4,876 crore during Q1FY19.

3 Aug 2019 1:18 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex rebounds 100 points; HDFC spurts after Q1 show

The 30-share BSE Sensex rose 99.90 points or 0.27 per cent to settle at 37,118.22.

2 Aug 2019 4:33 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

India seen set for fourth interest rate cut of 2019

Almost 80 per cent of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps.

2 Aug 2019 4:19 PM IST

State Bank of India

SBI reports first quarter profit of Rs 2,312 crore with improved asset...

The country's largest commercial bank had registered a net loss of Rs 4,876 crore during Q1 FY19.

2 Aug 2019 4:00 PM IST

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

India's oil minister urges local oil firms to boost overseas funding

The economic slowdown has translated into falling oil demand in the United States, the world's biggest oil consumer.

2 Aug 2019 1:50 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold drifts lower after Trump's tariff threat sparks rally

Market participants are now awaiting the release of U.S. non-farm payrolls data due later in the day.

2 Aug 2019 1:05 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Saudi Arabia may cut crude oil prices to Asia in September

The cuts would track a backwardation between prompt and third month Dubai prices that narrowed by 70 cents a barrel in...

2 Aug 2019 12:30 PM IST

Naik said the lingering trade wars between the US and China present us with a huge opportunity if we are able to attract the units leaving China. (Photo: PTI)

PM Modi must work like CM Modi to review economy's growth: L&T...

The comments come at a time when the economy slipped to a five-year low of 5.8 per cent in the March quarter.

2 Aug 2019 12:00 PM IST