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According to the industry sources, banks are worried telcos will start defaulting on payments due to fall in revenues and high level of debt in the sector.

Bharti Infratel posts 17 per cent drop in Q2 net profit

Profit after tax fell to Rs 6.38 billion ($98.40 million) in the quarter ended September 30, from Rs 7.74 billion in...

30 Oct 2017 8:27 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC records 17.3 per cent leap in Q2 net profit

The company had registered consolidated net profit of Rs 2,446.21 crore in July-September of 2016-17.

30 Oct 2017 2:57 PM IST

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

5 of 10 most valued cos add Rs 94,689 cr to mcap driven by SBI's rally

State Bank of India (SBI) was the star performer as its mcap surged Rs 57,618.94 crore to Rs 2,68,413.61 crore.

29 Oct 2017 4:24 PM IST

Sensex, Nifty both surged on Thursday ahead of release of numbers on IIP and inflation later in the day. (Photo: AFP)

Q2 reportcard, PMI data to drive markets this week

Over the last week, the Sensex recorded handsome gains of 767.26 points or 2.37 per cent.

29 Oct 2017 4:09 PM IST

SBI is Indias largest public sector lender. (Photo: PTI)

SBI General posts Rs 251 crore profit in Q2

The company's gross premium increased to Rs 926 crore from Rs 690 crore a year ago.

29 Oct 2017 10:19 AM IST

ICICI Banks USD 7.5 billion global medium-term notes programme.

ICICI Bank posts 34 per cent fall in Q2 net profit

Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September.

27 Oct 2017 5:30 PM IST

Diversified conglomerate ITC on Thursday reported an increase of 7.37 per cent in standalone net profit to Rs 2,560.50 crore for Q1.

ITC second-quarter profit rises about 6 per cent

The company, said its expenses for the quarter fell about 39 per cent to Rs 63.14 billion.

27 Oct 2017 3:47 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

Indian Oil records 18 per cent jump in Q2 net profit

Revenue from operations climbed about 10 per cent to Rs 1.11 trillion, the company said on Friday.

27 Oct 2017 3:01 PM IST

United Spirits on Friday reported an 85.57 per cent increase in its net profit at Rs 153.1 crore for the quarter ended September 30. (Photo: Pixabay)

United Spirits records 85 per cent rise in Q2 net profit

The company's brands include those of McDowell's No 1 family, Royal Challenge, Antiquity and Black Dog scotch, among...

27 Oct 2017 9:49 AM IST

Yes Bank last week had informed about raising Rs 4,906.65 crore (USD 750 million) in Qualified Institutions Placement mode.

Yes Bank records 25 per cent leap in Q2 net profit

The bank's operating profit was Rs 1,906.7 crore for the second quarter of 2017-18, showing y-o-y growth of 37.6 per...

26 Oct 2017 5:42 PM IST

Hindustan Unilever Limited or HUL is a fast moving consumer goods company.

Hindustan Unilever posts 16 per cent rise in Q2 profit

Net sales during the quarter under review stood at Rs 8,199 crore as against Rs 8,335 crore in the year-ago period.

25 Oct 2017 4:39 PM IST

Shares of HCL Infosystems on Tuesday surged 18 per cent after the company said it will distribute Apple products in Indian market.

HCL Q2 net profit leaps 9.5 per cent on software services sector

Analysts on average expected the company to post a profit of Rs 21.59 billion, Thomson Reuters data showed.

25 Oct 2017 9:29 AM IST