Page 3 - Growth

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11

PepsiCo India has also been gaining market share in India since the start of 2022.

Somany Ceramics aims 27% growth in turnover at Rs 2,700 cr this fiscal

The industry is passing through a "bad phase" due to rise in natural gas prices, a company official said on Wednesday.

Mindtree starts FY23 with strong growth and record order book: CEO

"We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum," said Mindtree CEO.

Debt MFs see Rs 92,248-cr outflow in June on uncertain macro environment

Mutual funds focused on investing in fixed-income securities witnessed a heavy outflow in June, driven by expectations around an increasing rate cycle, higher commodity prices and slowdown in growth

Gland Pharma rides high on valuation comfort, strong growth prospects

Target prices post brokerage upgrades point to more upsides

IRFC records 38% growth in profit after tax at Rs 6,090 crore in FY22

Revenue from operations for FY22 grew by 28.71 per cent and stood at Rs 20,298.27 crore this fiscal as against Rs 15,770.22 crore a year ago

Matrimony.com showed good growth, poised to enhance momentum: CMD

The city-based company had registered a 15.6 per cent jump on its consolidated profit after tax for the quarter and 31.44 per cent on PAT for the year ending March 31, 2022.

Coal-based power generation rises 9% in April to 102,529 mn units

Coal-based power generation registered 9.26 per cent rise at 1,02,529 million units (MU) in April as compared to the year-ago period.

Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India

India may see more de-rating if growth expectations reduce: Saion Mukherjee

Rising interest rates will have a negative impact on equity markets, as this is being driven by inflationary pressures, higher deficit and not so much from growth, says Mukherjee

Demand rise and market share gain boost Pidilite's growth

The company posted a 40 per cent YoY growth in revenues at Rs2,626 crore

Next 500 towns to be key growth drivers in the long run: Swiggy

The food aggregator's revenue from adjacent services is expected to be 50% over next 3-4 years from 25% now, says ICICI Securities report based on talks with Swiggy CFO Rahul Bothra

Strong Q1 show, favourable outlook to support Bharat Forge stock

Company's outperformance in Q1 was due to strong exports, margin gains

ITC to invest $2 billion across segments in medium-term, says MD

Super app 'ITC-MAARS' among new growth areas; investment figure does not take into account inorganic opportunities

Eveready gets a new joint managing director in Suvomoy Saha

The move comes more than a year after the Burman family - promoters of Dabur India - became the largest shareholder in Eveready with a stake of 19.84%

India R&D team plays a key role in development of OnePlus 5G phone

The OnePlus smartphone portfolio will continue to be 'Made in India' including flagship and Nord series, which also includes the upcoming OnePlus Nord 2, says OnePlus India

ECB pledges low rates for longer as Covid casts shadow over growth

Facing unease over the spread of a variant of Covid, European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation durably reaches its 2 per cent

Demand recovery, buoyant exports to aid strong growth for tile makers

Improving product mix to boost realisations; while sales growth was impacted in the June quarter, there has been a recovery led by non-metro markets

Wipro investing in supply side too as it prioritises capturing growth: CFO

Jatin Dalal cautions Q2 will have elements like pay hikes in September, ongoing Capco consolidation, that could exert pressure on margins