New Delhi, Feb 25 (IANS) The operating profit margin as well as net profit margin of private sector corporates in India improved across major sectors during 2023-24 while their debt burden declined during the year, reflecting the growing financial strength, according to the latest data compiled by the RBI. “The operating profits rose by 15.3 … Read more
New Delhi, Feb 4 (IANS) Indian offshore rig operators will see their operating profits surge 30-35 per cent in the next financial year, after a 25-30 per growth in the current fiscal year, according to a Crisil Ratings report released on Tuesday. “This increase will be on the back of continued renewal of rig contracts … Read more
New Delhi, Jan 29 (IANS) The Maha Kumbh mela has come as a boon for the hospitality sector and airlines with profits expected to firm up amid soaring demand. This is being reflected in the rise in the share prices of companies such as Benares Hotels, a subsidiary of the Tata Group’s Indian Hotels. The … Read more