Mangal Credit & Fincorp standalone net profit rises 27.05% in the June 2020 quarter

Mangal Credit & Fincorp standalone net profit rises 27.05% in the June 2020 quarter

Capital Market 

Sales rise 6.36% to Rs 2.51 crore

Net profit of Mangal Credit & Fincorp rose 27.05% to Rs 1.55 crore in the quarter ended June 2020 as against Rs 1.22 crore during the previous quarter ended June 2019. Sales rose 6.36% to Rs 2.51 crore in the quarter ended June 2020 as against Rs 2.36 crore during the previous quarter ended June 2019. ParticularsQuarter EndedJun. 2020Jun. 2019% Var.Sales2.512.36 6 OPM %91.2472.88 -PBDT2.141.71 25 PBT2.081.68 24 NP1.551.22 27

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 16 2020. 18:14 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU

Mangal Credit & Fincorp standalone net profit rises 27.05% in the June 2020 quarter

RBI Governor LIVE Updates: Vulnerability of NBFCs is a key concern, says Shaktikanta Das - The Economic Times
The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| 16 September, 2020, 12:27 PM IST | E-Paper
Search
+
LIVE BLOG

Economic Times | 16 Sep, 2020 | 12.29PM IST

RBI Governor LIVE Updates: Vulnerability of NBFCs is a key concern, says Shaktikanta Das

Economic recovery is not fully entrenched; recovery to be gradual -RBI Governor Shaktikanta Das

!1 New UpdateClick here for latest updates
12:29 PM

Australian government lawyer names China in interference investigation

  • Australia has formally named China in a court document as the foreign state under investigation by police in the nation's first foreign interference investigation.
  • A document lodged in the High Court on September 1 by the Australian Government Solicitor is the first official acknowledgment that the ongoing investigation into an alleged plot to influence an Australian politician centred on China.
12:19 PM

Vulnerability of NBFCs is a key concern. Our endeavour has been to ensure no large NBFC fails, no repeat of IL&FS

- Shaktikanta Das

12:13 PM

Sensex trades close to the flatline, barely keeping its head above the water

BSE benchmark Sensex erased most of the morning gains to trade only 10 points higher after RBI Governor said the path to economic recovery will be gradual. Meanwhile, border tensions with China also weighed on investor sentiment. M&M was the biggest gainer and IndusInd Bank the top loser.
12:11 PM

Interests of depositors and financial stability were kept in mind while framing the loan restructuring scheme

- RBI Governor

12:05 PM

RBI remains battle ready: Shaktikanta Das

  • Bank credit growth remains muted
  • Bond yields have traded in a narrow range in Sept
  • Very carefully monitoring markets, will take further actions as required
  • Covid-19 pandemic still unfolding
  • Portfolio flows to EM economies have resumed
11:57 AM

Tourism could see V-shaped recovery due to pent-up demand: Shaktikanta Das

11:50 AM

Govt, private companies must work together to enter the global value chain

- Shaktikanta Das

11:44 AM

RBI Governor on New Education Policy

Education contributes to economic development and New Education Policy is historic and also much needed new age reform: RBI Governor.
11:42 AM

Need to raise expenditure on education. Must pursue goal of 6% public investment in education

- Shaktikanta Das

11:38 AM

Persistently large liquidity infusion by RBI has ensured large borrowing by the government at low rate and in non-disruptive manner

- RBI Guv Shaktikanta Das

11:35 AM

Economic recovery is not fully entrenched; recovery to be gradual

- RBI Governor Shaktikanta Das

11:33 AM

Update in Vedanta and Videocon arbitration case:

The ministry of petroleum and natural gas had appealed against a foreign arbitration award allowing Vedanta and Videocon Industries to recover $499 million, instead of $198 million capped by the government, for the development of the Ravva oil and gas fields off the Andhra Pradesh coast between 2000 and 2007.
11:28 AM

Rajesh Exports Q1 net falls 50% to Rs 152.13 crore

Price as on 16 Sep, 2020 11:28 AM, Click on company names for their live prices.
11:21 AM

SC dismisses Centre's appeal & upholds arbitration award in favour of Vedanta & Videocon

Centre had appealed against the arbitration award allowing Vedanta & Videocon to recover $499 mn, instead of capped $198 mn, for the development of Ravva oil-gas fields off Andhra coast b/w 2000-07.
11:16 AM

Losers in the banking space

Price as on 16 Sep, 2020 11:16 AM, Click on company names for their live prices.
11:12 AM

4,270 new COVID-19 cases, 3,714 recoveries and 11 deaths reported in Odisha yesterday.

11:07 AM

Rajya Sabha passes the Institute of Teaching and Research in Ayurveda Bill, 2020.

11:00 AM

Number of cases of attempted infiltration along India-Pakistan border during last 6 months are - Feb 0, March 4, April 24, May 8, June 0, Jul 11

- MoS MHA Nityanand Rai

10:47 AM

SC rejects govt's petition against Vedanta's claim: Agencies

  • Vedanta wins case over $499 mn cost recovery from Indian govt
  • The stock of Vedanta trades nearly 2% higher at Rs 134
10:43 AM

No infiltration reported along India-China border during last six months: MHA

10:32 AM

Yoshihide Suga elected as Japan’s prime minister

10:28 AM

Indian, Chinese soldiers fired 100-200 rounds of 'warning shots' on north bank of Pangong lake in early September, media reports

10:20 AM

Rupee slips 6 paise to 73.70 against US dollar in early trade

10:13 AM

CLSA raises Hero Moto price target to Rs 3,575

  • Foreign brokerage CLSA prefers Hero MotoCorp among two-wheelers as it is gaining share in wholesale and retail driven by the strength in entry and executive motorcycles.
  • The brokerage has also raised target price on country’s largest carmaker Maruti Suzuki to Rs 5,675 from Rs 4,700 while maintaining a ‘sell’ stance.
10:04 AM

Adhir Ranjan Chowdhury has given Adjournment Motion notice in Lok Sabha over the issue of 'Chinese surveillance on political leaders and key officials.'

09:48 AM

As per a media report, a Shenzhen based tech company with links to Chinese govt is tracking over 10,000 Indians in its global database of foreign targets. I want to know from the govt if it has taken note of it. If so, what actions have been taken?

- Congress MP KC Venugopal in RS

09:47 AM

Congress MP KC Venugopal has given Zero Hour notice in Rajya Sabha on the issue of 'Chinese surveillance on political leaders and key officials.'

09:34 AM

Sensex inches 53.41 points higher to 39,097.76 in opening session

Nifty advances 14.40 points to 11,536.20
09:33 AM

Voda Idea, Tata Motors, ITC among most active stocks on NSE

Price as on 16 Sep, 2020 09:33 AM, Click on company names for their live prices.
09:24 AM

India's COVID-19 case tally crosses 50-lakh mark with a spike of 90,123 new cases

  • Total case tally stands at 50,20,360
  • 9,95,933 active cases
  • 39,42,361 cured/discharged/migrated
  • 82,066 deaths
09:20 AM

Will challenge Essential Commodities Act in court

- Punjab CM Amarinder Singh

09:14 AM

AAP MP Sanjay Singh has given Zero Hour notice in Rajya Sabha over 'him being stopped from discharging his duties of an MP.'

09:10 AM

MPs arrive at Parliament, as proceedings of the Rajya Sabha begin

08:58 AM

ICMR: 5,94,29,115 samples tested up to 15th September for COVID-19

08:58 AM

MobiKwik joins IPO queue, eyes public listing by 2022

08:49 AM

29k flats ready in Delhi, poor still in no-man’s land

  • Over 29,000 ready-to-move flats constructed for the urban poor under Jawaharlal Nehru National Urban Renewal Mission in Delhi have lain vacant for a long time.
  • One of the main reasons behind these flats not being allotted yet is the lack of coordination among the multiple agencies involved.
08:45 AM

UN could meet in-person on pandemic before year's end

  • United Nations officials anticipate an in-person General Assembly meeting in New York to discuss the Covid-19 pandemic before the end of the year, the body's president Volkan Bozkir said Tuesday.
  • The special session could be as soon as the first week of November, the former Turkish minister said during a press conference.
08:40 AM

TikTok to become standalone U.S. company, reports Financial times

ByteDance will place short-video app TikTok's global business in a new U.S.-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported on Tuesday, citing people familiar with the matter.
08:29 AM

Congress MP Anand Sharma has given short duration discussion notice in Rajya Sabha over 'the incursion of Chinese Army across the LAC'.

08:18 AM

RJD MP Manoj Jha has given Zero Hour notice in Rajya Sabha over 'COVID-19 and its impacts on migrant workforce.'

08:09 AM

Shiv Sena MP Sanjay Raut has given Zero Hour notice in Rajya Sabha over 'proposed privatisation of JNPT ports and concern over national security.'

07:57 AM

A new National Curriculum Framework for Teacher Education will be formulated under National Education Policy to ensure quality education for teachers

- Union Minister for Education, Ramesh Pokhriyal Nishank

07:50 AM

China suspends poultry imports from second U.S. plant over COVID-19, industry group says

07:42 AM

India says China laying cables to bolster communications at border flashpoint

Two Indian officials said Chinese troops were laying a network of fibre optic cables at a western Himalayan flashpoint with India, suggesting they were digging in for the long haul despite high-level talks aimed at resolving a standoff there.
07:35 AM

NSA Ajit Doval walks out of the virtual SCO meet over Pak's map showing J&K as Pak territory, reports TIMES NOW

07:23 AM

Rapport with Narendra Modi helping Donald Trump: US Think Tank

Atlantic Council, a leading American think tank, has claimed that the Republican camp could garner more support from the Indian-Americans in the backdrop of bonhomie between US President Donald Trump and PM Narendra Modi and also because of the position taken by the Democrats on the Kashmir issue.
07:17 AM

Apple rolls out virtual fitness service, subscription bundle, catering to pandemic work-from-home

Apple Inc rolled out a new virtual fitness service and a bundle of all its subscriptions, Apple One, focusing a holiday-season product launch on services that are the backbone of Apple’s growth strategy and that cater to customers working at home during the COVID-19 pandemic.
07:08 AM

Bill Gates Sr., father of Microsoft co-founder, passes away at 94

07:07 AM

Amid tensions at LAC, Indian Army prepares for chilly winter in Ladakh

"Several depots have been stocked up for the coming winters. We send our supplies for the forward troops. This fuel oil lubricant depot is the largest and highest depot. The fuel sent from here is used to keep the troops warm in cold weather conditions," Brigadier Rakesh Manocha told ANI.
07:03 AM

Shinzo Abe's Cabinet resigns ahead of Suga becoming Japan's new PM

06:55 AM

No e-registration needed to enter Himachal, decides cabinet

06:47 AM

Mexico's official coronavirus death toll rises to 71,678

06:41 AM

Kim Kardashian West to freeze Facebook, Instagram accounts for 24 hours to protest hate speech

06:25 AM

World's longest highway tunnel connecting Manali with Leh completed in 10 years

06:18 AM

DCGI gives nod to Serum Institute to restart phase 2,3 trials for COVID-19 vaccine

The Drugs Controller General of India (DCGI) has allowed Serum Institute of India (SII) to restart its phase two and three clinical trials for COVID-19 vaccine after the pharma major submitted the recommendations of the Data Safety Monitoring Board (DSMB), UK and DSMB India and requested permission to restart enrolment in the subject clinical trial of the vaccine being developed by AstraZeneca and Oxford University.
06:17 AM

Time is ripe for early harvest trade deal with the UK

- Piyush Goyal

06:15 AM

With new 2,409 COVID-19 cases, Assam's tally reaches 1,46,575

06:15 AM

Blacks, Hispanics account for most deaths of COVID-19 victims under 21 in US

06:15 AM

UK restores 3 statues of Vijayanagara period stolen from Tamil Nadu back to India

06:14 AM

5.4 magnitude earthquake jolts Kathmandu early in the morning

Have something to say? Post your comment

Comments are moderated and will be allowed if they are about the topic and not abusive.

Characters remaining (1500)

The Economic Times

Mangal Credit & Fincorp standalone net profit rises 27.05% in the June 2020 quarter

Mangal Credit & Fincorp standalone net profit rises 27.05% in the June 2020 quarter