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Tata Power Company has reported consolidated Q1FY19 net profit at Rs 1,769 crore, which includes one-time gain on sale of its investments of Rs 1,897 crore. The company had posted net profit of Rs 391 crore in the same quarter last fiscal. Revenue of the company was up 14 percent at Rs 7,313 crore against Rs 6,415 crore. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was down 8.5 percent at Rs 1,771 crore and margin was down 600 bps at 24.2.      For Expert Advice Click here: CapitalHeight .         Larsen & Toubro (L&T) rose 2 percent in the opening trade on Thursday on the back of robust numbers declared by the company in the quarter ended June 2018 (Q1FY19).The company posted a 13.8 percent year-on-year (YoY) increase in consolidated net profit at Rs 1,213 crore, beating analyst estimates driven by order inflow growth in infrastructure, heavy engineering and hydrocarbon segments. Profit for the same period last year was Rs 1,065.54 crore

The Reserve Bank of India (RBI) will go for status quo in key policy rates in its August policy review, the economic research department of country's largest lender SBI said today. The call is contrary to the expectations of a majority of analysts predicting for another hike given the rise in inflation lately, including domestic ratings agency Icra which came out with its expectation of a hike today. For 2 Days Free Trial Click here: CapitalHeigth .         Asian Paints on Tuesday posted 30.56 per cent rise in consolidated profit at Rs 558.02 crore for the quarter ended June 2018. It has posted a net profit of Rs 427.41 crore in the corresponding quarter last year. ET Now poll had predicted a net profit of Rs 521 crore. Consolidated revenue from operations increased to Rs 4,398.59 crore in Q1FY19 over Rs 4,228.26 crore in Q1FY18. Decorative paint business of the company registered double-digit volume growth. Ebitda on a consolidated basis jumped to Rs 874.40 crore during t

Bajaj Auto lost around 8 percent on Friday afternoon as investors turned wary of its results that the company declared. The stock touched an intraday high of Rs 3,152.45 and an intraday low of Rs 2,864.00.India's third largest two-wheeler maker missed analysts' expectations by reporting a 20.7 percent year-on-year rise in its standalone net profit for the quarter ended June. The company's net profit came in at Rs 1,115.23 crore.     For 2 Days Free Trial Click here: CapitalHeight .     The initial public offering (IPO) of TCNS Clothing was subscribed over 2.08 times on Day 3 of bidding so far. The IPO, to raise Rs 1,125-crore, received bids for 2.29 crore shares against the total issue size of 1.09 crore shares, data available with the NSE as of 11:45 am showed. The portion set aside for qualified institutional buyers (QIBs) was subscribed 7 times, non-institutional investors 0.11 times percent and retail investors at 0.12 times. Price band for the offer h

    Lupin received tentative approval from the US health regulator for its Tadalafil tablets, indicated for treating erectile dysfunction and prostate gland enlargement. The clearance from the United States Food and Drug Administration (USFDA) is for marketing Tadalafil tablets in strengths of 2.5 mg, 5 mg, 10 mg, and 20 mg, in the US, Lupin said in a statement. The product is a generic version of Eli Lilly and the company's Cialis tablets in the same strengths, it added.      For Expert Advice Click here: CapitalHeight .         Shares of Hindalco lost around 8 percent afternoon after reports emerged that it is likely to acquire Aleris for USD 2.5 billion. According to sources the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated net debt of Rs 40,000 crore. Further, the report added that the companies agreed on terms of the deal last week.Hindalco

DCB Bank, a small-sized private sector bank, delivered sub-par earnings in the first quarter of FY19. Significant margin contraction and elevated operating expenses undermined its performance. The retail focused bank stands out for its comfortable asset quality in a sector marred by high non-performing assets. It enjoys strong parentage of the Aga Khan Fund for Economic Development (AKFED), which has provided capital as and when required. The healthy capitalization will support future growth, making it a worthy contender in a weak banking environment. For Expert Advice Click here: CapitalHeight .   Private sector lender Federal Bank after reporting better earnings growth on lower provisions and strong loan growth for the quarter ended June. Profit during the quarter grew by 25 percent year-on-year to Rs 262.7 crore and net interest income jumped 22.4 percent to Rs 980 crore, with loan growth at 24 percent YoY.Net interest margin for the quarter stood at 3.12 percent, im