HDFC Q2 net profit rises 25% to Rs 2,467 crore

New Delhi

HDFC Ltd on Thursday reported 25% rise in its standalone net profit to Rs 2,467.08 crore in second quarter ended September 30. Total income during the September quarter stood at Rs 11,256.96 crore, up from Rs 9,007.37 crore in the same period of the previous fiscal, it said. PTI

New Delhi

Mfg sector activity rises in October on order flow

The country’s manufacturing sector activity improved in October, as firms scaled up production and employment levels amid strong rise in new business order flows, a monthly survey said on Thursday. The Nikkei India Manufacturing Purchasing Managers’ Index strengthened from 52.2 in September to 53.1 in October on order flow. PTI

New Delhi

Auto industry on bumpy ride due to high fuel prices

Festive celebrations eluded the auto industry in October with major companies such as Maruti Suzuki, Hyundai, Mahindra and Toyota Thursday reporting low single-digit sales growth for the month owing to weak market sentiment due to high fuel prices and interest rates. PTI

Mumbai

ICICI launches co-branded credit card with Amazon

ICICI Bank on Thursday launched a co-branded credit card with ‘Amazon Pay’, the online payment platform of Amazon. Christened, ‘Amazon Pay ICICI Bank Credit Card’, the card offers best in the industry rewards points programme. TNS