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Gains from foreign exchange rose nearly 8% to Rs174 crore in the fourth quarter ended 31 March, says Tech Mahindra. Photo: Mint

Fri, May 25 2018. 03 58 PM IST

Tech Mahindra Q4 profit doubles, beats estimate

Tech Mahindra’s net profit rose to Rs1,222 crore in the three months ended 31 March, from Rs588 crore a year earlier

While many of the PSU banks, including SBI and PNB, have said the worst is probably over, they still see one or two more quarters of bad loans pain. Photo: Bloomberg

Fri, May 25 2018. 02 44 PM IST

PSU bank recapitalisation plan stumbles as losses mount

13 PSU banks have reported combined losses of $8.6 billion in FY18 —including $6.5 billion in Q4—and their NPAs have surged nearly a fifth from end-December levels

The first of October this year will mark 42 years since the Standards of Weight and Measures Act came into effect. Photo: iStock

Fri, May 25 2018. 12 25 PM IST

From ‘maund’ to ton: The story of measures in India

Growing up as an NRI child, these bizarre units of measure were some of the most mysterious aspects of my parents’ culture: Tola. Furlong. Anna. Naya paisa. Cent. Para. Muram. Nazhika

BSE Sensex and NSE’s Nifty 50 closed higher on Friday. Photo: Mint

Fri, May 25 2018. 09 21 AM IST

Market Wrap: Sensex closes 261 points up led by banking stocks, Nifty ends above 10,600

BSE Sensex closed 261.76 points higher at 34,924.87, while the Nifty 50 ended 99 points up at 10,612.85. Here are the highlights from the markets

The 10-year bond yield closed at 7.797% compared to its previous close of 7.868%. Bond yields and prices move in opposite directions. Photo: Bloomberg

Fri, May 25 2018. 09 13 AM IST

Rupee closes higher against US dollar

Rupee closed at 67.77 a dollar, up 0.58% from its Thursday’s close of 68.35

At a time when crude oil prices are high and yields are down, it’s challenging for Jet Airways to make profits given its high cost structure. Photo: Abhijit Bhatlekar/Mint

Fri, May 25 2018. 08 34 AM IST

Jet Airways lands with a thud in Q4 as fuel costs increase

Among the three listed aviation companies, Jet Airways’ Q4 results were the most disappointing—the company made a loss at the Ebitda level

Photo: Hemant Mishra/Mint

Fri, May 25 2018. 08 09 AM IST

Poverty: The direct approach isn’t always best

It is important to give preference to those approaches that help the poor the most for every rupee spent, no matter how they are labelled

One worrying aspect of the past four years has been the surge in non-performing assets at banks. Photo: Bloomberg

Fri, May 25 2018. 08 03 AM IST

The policy stance of the Modi government

Over the past four years of the Narendra Modi government, most macroeconomic parameters have improved, with lower volatility

Jet Airways chief financial officer and deputy chief executive Amit Agarwal. Photo: Aniruddha Chowdhury/Mint

Thu, May 24 2018. 10 26 PM IST

Jet Airways sees weak Gulf business, stressed yields in near future

Jet Airways expects yields to remain stressed on the back of rising oil prices and flat airfares in the coming quarters

Jet Airways’ posted a whopping Rs1,036 crore net loss for the fourth quarter due to rise in oil prices and weaker rupee. Photo: Mint

Thu, May 24 2018. 03 25 PM IST

Jet Airways’ auditors flag ‘going concern’ risks post Q4 loss

Jet Airways’ auditors said the ‘appropriateness of assumption of going concern’ for the company depends on its ability to raise necessary funds, among other factors

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