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Rashi Bisaria
New Delhi, October 21, 2020
COVID-19 impact: Private hospitals' operating profit to decline 35-40% in FY21Private hospitals in India are in a tight spot. A triple whammy of postponement in elective surgeries, revenue loss from highly profitable medical tourism segment, and increasing costs will lead to 35-40 per cent drop in operating profits of private hospitals this fiscal, reveals a CRISIL report. The rating agency has also downgraded credit outlook of private hospitals to moderately negative amidst cash flow challe...


BusinessToday.In
October 21, 2020
India Stock Market Highlights Today: IndusInd Bank, followed by HDFC, Tata Steel, ICICI Bank, Axis Bank, SBI, Titan, Kotak Bank and Reliance Industries were among the top gainers today. On the other hand, Nestle India, HUL and TCS were among the laggards


Nirbhay Kumar
October 20, 2020
While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds


Prasanna Mohanty
October 20, 2020
A study by two multinational giants UBS and PwC says \"huge fiscal and quantitative easing packages\" given by governments around the world drove a V-shaped recovery of stock markets and billionaires' wealth surged to $10.2 trillion by the end of July 2020


BusinessToday.In
October 20, 2020
After a shaky first quarter, the negative impact of the pandemic is now dissipating as EPFO subscriber base increased by around 20 lakh during the first five months of the current fiscal


BusinessToday.In
October 20, 2020
The rating review follows an increase in refinancing risk and significant funding needs at the holding company level, following Vedanta Resources' failure to acquire the balance shareholding in key subsidiary Vedanta Limited that would have improved access to group cash


Chitranjan Kumar
October 20, 2020
The treatment of COVID-19 patients is expected to provide an additional revenue stream and contribute around 15-20 per cent to revenues this fiscal, says CRISIL report


Reuters
October 20, 2020
The company bet it could do a better job of bridging online and offline data for its advertisers and give itself a shot at developing an ad platform that could take on Amazon.com Inc


Ajita Shashidhar
October 20, 2020
With working from home not getting over any time soon and life without domestic help being the new reality, Indian consumers in the past few months have significantly invested in appliances and durables in order to be able to multi-task better


BusinessToday.In
October 20, 2020
India Stock Market Highlights Today: HCL Tech, followed by L&T, M&M, Tech Mahindra, Maruti, TCS, Asian Paints, Infosys and HDFC Bank were among the top gainers today. On the other hand, ONGC, Nestle India, SBI, ICICI Bank and IndusInd Bank were among the laggards


BusinessToday.In
October 19, 2020
Sales of goods increased by 10.96 per cent as government began lifting restrictions on economic activities. Revenue from operations rose to 3,354.35 crore during Q2 FY21


Chitranjan Kumar
October 19, 2020
Tata Motors was the largest spender on R&D in FY20 with investment of Rs 3,100 crore, which amounts to 7.10 per cent of its total revenue


Sumant Banerji
October 19, 2020
Local manufacturers to crank up alloy wheel capacity to tap a thriving market; of the annual requirement of 26 million alloy wheels in India, almost 46 per cent was imported mostly from China in FY20 due to lack of domestic supply


PB Jayakumar
October 19, 2020
Discoms in Rajasthan, Tamil Nadu, Uttar Pradesh, Karnataka, Maharashtra, J&K and Telangana account for 81 per cent of the total overdue to gencos


BusinessToday.In
October 19, 2020
Avenue Supermarts share touched an intraday high of Rs 2141.05, gaining 7.94% on BSE


BusinessToday.In
October 19, 2020
As per the latest shareholding pattern available on the BSE, LIC has increased its stake in Kotak Mahindra Bank by 0.73 per cent to 3.18 per cent from 2.45 per cent earlier


Rupa Burman Roy
October 19, 2020
Besides positive global markets, investors were also buoyed over the September quarter earnings season, that will further help in providing a clear picture of the disruption caused by the coronavirus pandemic-induced lockdown


BusinessToday.In
October 19, 2020
Tata Communications posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter, as compared to a profit of Rs 54.31 crore in the corresponding period of the last fiscal


Reuters
October 19, 2020
The eight companies that have been asked to consider share buy backs include Coal India, NTPC, NMDC and Engineers India Ltd, one of the government sources


BusinessToday.In
October 19, 2020
Share of HDFC Bank rose 2.49% to an intraday high of Rs 1228.8 against previous close of Rs 1199 on BSE


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