Hospitality revenues rose in the third quarter of FY22
RevPAR (Revenue per available room) grew 60.9% YoY in Q3 of FY22. Sequentially, RevPAR rose 30.1%. This was due to an increase in corporate travel during October-December 2022
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Pakistan borrowed $15.5bn in first 10 months of FY22, external debt stands at over $51bn
Pakistan borrowed more than $15.5bn in foreign loans in the first 10 months of the current fiscal year, which is around 70 per cent more than borrowing from foreign sources in the same period last year, Dawn reported on Tuesday.
JK Tyre reports 80.39% decline in Q4 FY22 PAT at Rs 38.22 crore
Tyre manufacturer JK Tyre & Industries on Friday reported a 80.39 per cent decline in consolidated net profit for the quarter ended March 31 at Rs 38.22 crore on the back of higher input cost.
FY22 credit growth crosses Rs. 10 trillion : Ghosh
FY22 ended with an incremental credit growth at Rs 10.5 trillion, 1.8 times higher than growth of Rs 5.8 trillion in FY21, according to Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India,
Stock Market update: LIC Housing Fin shares up by 13% post Q3 results
Net interest margin (NIM) improved to 2.42 per cent as against 2.36 per cent. Net interest income (NII) was boosted by 14 per cent to Rs 1,455 crore, as against Rs 1,281 crore for the same period in the previous year.
India’s export witnesses 43% rise in October, jumping to $35.65 billion
The Commerce and Industry Ministry published on November 15 presented an outbound trade increase to $35.65 billion in October, jumping from $24.92 billion in October 2020.
D-Mart announces Q2FY22 results, net profits increases by 113.2%, total revenue up by 46%
In a regulatory filing to the BSE on October 16, Avenue Supermart stated that D-Mart’s total revenue for Q2FY22 stood at Rs. 7,649.64 crores, increasing 46.6 per cent from the same period a year ago.
Tata Steel records muted production of crude steel in Q2 FY22, overall delivery increased to 12%
The company's India crude steel production rose 2% at 4.73 million tonnes as against 4.63 million tonnes during the previous quarter (Q1FY22).
India Ratings revise India’s FY22 GDP forecast to 9.4%
In June the agency had estimated 9.6% year-on-year (YoY) growth in FY22 adding that it may slip to 9.1%.
CEO of Union Bank of India: restructures loans worth Rs 13,000 crore, follows resolution framework by RBI
On August 6, 2020, the first resolution framework was issued and was applied to all the categories of borrowers affected by the COVID-related stress.
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