BS Reporter
BS Reporter
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EPFO avoids private route for ETF corpus management
As of now, only SBI Mutual Fund and UTI Mutual Fund eligible bodies to manage the corpus
 "EPFO avoids private route for ETF corpus management")
Gujarat Pipavav Port Q1 net jumps 60% to Rs 60 cr
However, the net sales declined to Rs 155 cr
 "Gujarat Pipavav Port Q1 net jumps 60% to Rs 60 cr")
Jyothy Labs' Q1 net rises 78% to Rs 46 cr
Net sales rise 9% at Rs 440 cr
 "Jyothy Labs' Q1 net rises 78% to Rs 46 cr")
ONGC launches Rs 100-cr start-up fund
It would provide the entire support chain for start-ups
 "ONGC launches Rs 100-cr start-up fund")
Orchid Pharma net loss widens
Total income from operations stood at Rs 190.91 crore during this quarter, as against Rs 256.33 crore comparing to same quarter past year
 "Orchid Pharma net loss widens")
United Breweries puts froth in Q1 profit
Q1 profits up 20% on higher sales of beer, cost cutting
 "United Breweries puts froth in Q1 profit")
Glenmark Pharma Q1 profit up 24%
Posts Rs 227 cr profit; company's consolidated revenue jumps 18% to Rs 1,943 cr
COAI delegation meets telecom minister
Hopeful of ambiguity over interconnect charges to be resolved before spectrum auctions
 "COAI delegation meets telecom minister")
Sensex advances for 3rd week
About 1% gain in the index on Friday, helps erase weekly losses
 "Sensex advances for 3rd week")
Shares of SP Apparels gain 10% on debut
The shares touched a high of Rs 305 on BSE, up 13.8% over its IPO price of Rs 268 apiece, before closing at Rs 295
 "Shares of SP Apparels gain 10% on debut")
Bank staff investments via PMS amount to insider trading: Sebi
Sebi responds to a clarification sought by HDFC Bank, citing regulation on the matter
 "Bank staff investments via PMS amount to insider trading: Sebi")
Govt forms panel to discuss bringing pension products under PFRDA
Currently, pension products floated by fund houses and insurance firms are regulated by Sebi and Irdai, respectively
 "Govt forms panel to discuss bringing pension products under PFRDA")
Sebi directs exchanges to monitor 22 illiquid stocks
Illiquid scrips listed by both the exchanges include, Good Luck Securities, Odyssey Securities, Geometry Vanijya, Kayan Securities, Aryav Securities, Giriraj Stock Broking
NMDC Q1 net down 30% at Rs 711 core
Rising costs, sales decline impact bottom line
 "NMDC Q1 net down 30% at Rs 711 core")
Ventura Air connects Surat with Kandla
Currently, Ventura Airconnect uses two nine-seater Cessna 208B Grand Caravans
 "Ventura Air connects Surat with Kandla")
Infibeam's net profit rises 237% in the June quarter
Total revenue increases 22% on a year-on-year basis
 "Infibeam's net profit rises 237% in the June quarter")
Divi's Labs Q1 net up 23% at Rs 301 crore
Total income from operations at Rs 1,008 crore, up 25%; expenditure during this period grew by 18.4%
 "Divi's Labs Q1 net up 23% at Rs 301 crore")
Bosch Q1 net up marginally, sales grow 9.5% to Rs 2,520 cr
Attributes near flat profit to one-time costs, startup costs for new projects and adverse exchange rate impact
 "Bosch Q1 net up marginally, sales grow 9.5% to Rs 2,520 cr")
Madras HC upholds DoT's rights to claim share on income from non-telecom activities
Court also said one-time spectrum charge justified and enforceable
 "Madras HC upholds DoT's rights to claim share on income from non-telecom activities")
Xiaomi plans to add a couple more factories in India to ramp up smartphone capacity
The Chinese company needed newer facilities to meet the growing demand
 "Xiaomi plans to add a couple more factories in India to ramp up smartphone capacity")