Page 4 - Financial Year
Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow
NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago
 "Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow")
ITC stock slips despite good performance in September quarter
All analysts are bullish on the firm with target prices ranging from Rs 375 to Rs 490
 "ITC stock slips despite good performance in September quarter")
Consultancy companies doubling capacity in sustainability divisions
According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants
 "Consultancy companies doubling capacity in sustainability divisions")
Diversity in India Inc: Women got only 21 out of every 100 new jobs in FY22
This is the second of a four-part series examining diversity, equity and inclusion (DE&I) in corporate India. Part 2 looks at a decline in the representation of women in the workforce
 "Diversity in India Inc: Women got only 21 out of every 100 new jobs in FY22")
Federal Bank posts highest-ever quarterly profit; up 53% over last year
NII up 19.1% to Rs 1,762 crore, other income rises 24% to Rs 610 crore
 "Federal Bank posts highest-ever quarterly profit; up 53% over last year")
India to become world's third-largest economy by FY28, says IMF
Projected to grow bigger than Japan at $5.36 trillion
 "India to become world's third-largest economy by FY28, says IMF")
Multiple triggers to help Westlife Development maintain outperformance
Sales uptick in dine-in and delivery channels, new products and gradual royalty hikes are positives
 "Multiple triggers to help Westlife Development maintain outperformance")
Highway construction slows to 19.44 km per day during April-September: Data
The pace of national highway construction in the country has slowed to 19.44 kilometres per day during the first six months of the current financial year, according to official data. While the pace of National Highway (NH) construction in the country had touched a record 37 kilometres per day in 2020-21, it had slowed to 28.64 kilometres a day in 2021-22 due to pandemic-related disruptions and a longer-than-usual monsoon in some parts of the country. "The ministry has constructed 3,559 KMs of National Highways up to september in 2022-23 as compared to 3,824 KMs constructed up to september in 2021-22," the Ministry of Road Transport and Highways (MoRTH) said in its monthly summary for the Cabinet for September 2022. According to the ministry data, the award figure is 4,092 kilometres during April-September this year, as compared to 4,609 kilometres in the corresponding period a year ago. The National Highways Authority of India (NHAI) and National Highways and Infrastructure ...
 "Highway construction slows to 19.44 km per day during April-September: Data")
RBI tightens disclosure norms on divergence in NPAs, provisions
Also makes them applicable to UCBs
 "RBI tightens disclosure norms on divergence in NPAs, provisions")
TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high
Net profit has crossed the Rs 10,000-crore mark for the first time
 "TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high")
Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23
Centre has already collected half the targeted revenue in the first six months of the current financial year even as customs and excise duty collection figures are yet to come in
 "Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23")
Losing steam: Average NFO collection slumps in FY23, shows data
At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally
 "Losing steam: Average NFO collection slumps in FY23, shows data")
Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore
Tata Realty to raise Rs 6,000 cr as fresh debt
 "Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore")
SBI sells largest AT-1 tranche at lowest rate for any bank so far this year
The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.
 "SBI sells largest AT-1 tranche at lowest rate for any bank so far this year")
Moody's retains India rating and outlook, days after cutting GDP forecast
Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events
 "Moody's retains India rating and outlook, days after cutting GDP forecast")
Tata Group's Trent Ltd enters list of 100 most valued companies in India
In the past 5 trading sessions alone, the share price of Trent Ltd has jumped 11 per cent. On NSE, Trent rose 4.63 per cent to close at Rs 1,475.30, on Wednesday
 "Tata Group's Trent Ltd enters list of 100 most valued companies in India")
Rajasthan govt to provide 15k students free coaching for competitive exams
For the current financial year, the state government has allotted Rs 17.15 crore and the number of seats, too, has increased to 15,000
 "Rajasthan govt to provide 15k students free coaching for competitive exams")
Railways freight transport up 8% in July as it carries coal nationwide
The transporter has recorded 11 per cent increase in cumulative freight loading this financial year
 "Railways freight transport up 8% in July as it carries coal nationwide")
Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise
Fall in non-interest income, rise in bad loan provisions drag down company's net
 "Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise")
Wheels India reports 6% rise in Q1 net profit as CV demand rises
Senior executive says 'early signs of slowdown in global economy'
 "Wheels India reports 6% rise in Q1 net profit as CV demand rises")
