Tag Archives: advances

L&T Finance net soars 49% as advances surge

L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many quarters of headwinds ... Read More »

L&T Finance net soars 49% as advances surge

MUMBAI, JUL 26:   L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many ... Read More »

L&T Finance Group net up 15% on retail & wholesale advances

Leading non-banking lender L&T Finance Holdings on Monday reported a 15 per cent rise in consolidated net profit at Rs 237 crore for the March quarter, driven by retail and wholesale advances. Income from operations grew 19.77 per cent to Rs 1,957.96 crore in the fourth quarter ended March 31, while total disbursements jumped 20 per cent to Rs 10,688 ... Read More »

U.S. companies skeptical of corporate China’s advances

Chinese life sciences entrepreneur Wei Zhou submitted a $1.5 billion bid for U.S. gene testing company Affymetrix last month – topping a $1.3 billion agreed acquisition by Thermo Fisher Scientific Inc (TMO.N). A few days later, he got an unusual deadline. Affymetrix’s CEO Frank Witney called Zhou, a former Affymetrix executive who had partnered with Shanghai government-backed investment firm SummitView ... Read More »