Page 1004 - Business Finance
Venezuela open to barter trade with India to boost oil sales
NEW DELHI (Reuters) - Venezuela is open to barter-like payments from India to boost oil sales to the world's third-biggest oil consumer, the South American country's oil minister Manuel Quevedo said on Monday.
HQ Trivia's parent company appoints Tinder CEO to its board
Popular gaming app HQ Trivia's parent company Intermedia Labs has appointed Tinder CEO Elie Seidman to the board of directors after the sudden death of CEO Colin Kroll in December 2018.
Eicher Motors Q3 PAT up 2.39 pc at Rs 533 cr
Eicher Motors Monday reported 2.39 per cent increase in consolidated profit after tax at Rs 532.95 crore in the third quarter ended December 31, 2018. The company had posted a profit after tax (PAT) of Rs 520.5 crore in the same quarter last fiscal, Eicher Motors said in a regulatory filing. Total income during the period under review stood at Rs 2,488.19 crore as compared to Rs 2,316.49 crore in the year-ago quarter, it said. During the quarter, the company's two-wheeler arm Royal Enfield posted 3 per cent rise in revenue from operations at Rs 2,341 crore as compared to Rs 2,269 crore in the same period last fiscal. Royal Enfield sold 1,93,871 motorcycles in the quarter, down 6 per cent from 2,02,736 units sold in the same period last year. In the Commercial Vehicles (CV) segment, VE Commercial Vehicles (VECV) - Eicher's joint-venture with AB Volvo, saw 9 per cent increase in revenue from operations at Rs 2,818 crore as against Rs 2,590 crore in the year-ago quarter, it added. VECV .
Corrected: Venezuela open to barter trade with India to boost oil sales
NEW DELHI (Reuters) - Venezuela is open to barter-like payments from India to boost oil sales to the world's third-biggest oil consumer, the South American country's oil minister Manuel Quevedo said on Monday.
Aarti Drugs Q3 net dips 10 pc at Rs 20.89 cr
Drug firm Aarti Drugs Monday reported a 10.45 per cent dip in its consolidated net profit to Rs 20.89 crore for the quarter ended December 31, 2018. The company had posted a net profit of Rs 23.33 crore for the corresponding period of the previous fiscal, Aarti Drugs said in a filing to BSE. Consolidated revenue from operations of the company however stood at Rs 380.11 crore for the quarter under consideration as against Rs 335.41 crore for October-December 2017. Shares of Aarti Drugs closed at Rs 592.70 on BSE, up 1.50 per cent from the previous close.
UK posts slowest growth in six years ahead of Brexit
Britain's economy grew at the slowest pace in six years in 2018 with near-flat output in the final quarter, data showed Monday, as Brexit uncertainty and weaker global growth bites. Gross domestic product growth stood at 1.4 per cent last year, down from 1.8 per cent in 2017, while growth was only 0.2 per cent in the last three months of 2018, the Office for National Statistics said in a statement. "Following a pickup in activity over the summer months -- in part due to warm weather and the World Cup -- real GDP growth slowed markedly in the final quarter of 2018, with GDP falling by 0.4 percent in the month of December," the ONS said. "Construction, production and services output fell in the month, the first time that there has been such a broad-based fall in monthly output since September 2012." The data comes after the Bank of England last week slashed its forecast for UK growth this year to 1.2 per cent from 1.7 per cent, blaming the downgrade on a global economic slowdown and ...
Producers guilds of India, US join hands
Producers Guild of India (PGI) and Producers Guild of America (PGA) have signed a memorandum of understanding (MoU) to enhance the growth of entertainment production in India and the US through enhanced cooperation, interaction and constructive support.
GE Shipping Dec qtr net jumps over three-fold to Rs 299 cr
India's largest private shipping company Great Eastern Shipping Monday reported over three-fold increase in consolidated net profit at Rs 298.63 crore for the quarter ended December 31, 2018. The company had clocked Rs 98.19 crore profit in the corresponding quarter of 2017-18. Total income went up by 24.80 per cent to Rs 1,044.18 crore during the quarter under review compared with Rs 836.67 crore in the year-ago period. Expenses during the quarter under review stood at Rs 913.61 crore, up 20.37 per cent as against Rs 758.97 crore reported in October-December quarter of the previous fiscal. Great Eastern Shipping shares settled 3.96 per cent lower at Rs 285 apiece on BSE.
Investor Cat Rock points way towards Just Eat merger with Takeaway.com
(Reuters) - Just Eat shareholder Cat Rock on Monday urged the online food delivery firm to pursue merger talks with an industry peer such as Takeaway.com, saying it did not trust the board to get the appointment of a new CEO right.
Oil prices steady, OPEC cuts countered by slow progress in trade talks
LONDON (Reuters) - Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in U.S. drilling and concerns about demand due to the slow progress in U.S.-Chinese trade talks.
Nifty, Sensex end lower as Reliance drags
(Reuters) - Indian shares fell on Monday, dragged by declines in energy stocks including index-heavyweight Reliance Industries Ltd, as investors fretted over global uncertainties and lacklustre quarterly earnings.
Reliance Realty to build fintech centre in Navi Mumbai
Reliance Realty, a subsidiary of Reliance Communications, plans to develop a Smart Fintech Centre in Navi Mumbai for which it has got the required approval, a company statement said Monday. "The Department of Information Technology, Government of Maharashtra and the Maharashtra Industrial Development Corporation (MIDC) granted approval to Reliance Realty for development of the Smart Fintech Centre at its Dhirubhai Ambani Knowledge City in Navi Mumbai, under the Government of Maharashtra's new Fintech Policy," Reliance Communications statement said. Reliance Realty's Dhirubhai Ambani Knowledge City, spread across over 132 acres, will have total saleable or leasable area of over 30 million square feet. Reliance Communications is reeling under debt of over Rs 46,000 crore and, earlier this month, said that its Board has decided on implementation of debt resolution plans through NCLT (National Company Law Tribunal) framework. The Board had noted that despite the passage of over 18 months,
DLF Shopping Malls Celebrate a Decade of Retail Excellence
/ -- ~ A decade of being the frontrunner of unparalleled shopping experience ~ 2019 is a special year for DLF Shopping Malls, as it completes its first decade of transforming retail in India. Whether it's about shopping from an exotic range of iconic brands to being in an environment that has been envisaged to be unique and experiential, DLF has been setting new standards in mall experience for all its consumers better than the best in the industry. DLF Place Saket in 2008 to DLF Promenade, Horizon Plaza, DLF CyberHub & DLF Mall of India, DLF Shopping Malls have continuously raised the bar by offering superior services across fashion, food and entertainment for its consumers. From 0.4 million sq. ft. to 4 million sq. ft. of retail space and from 40 stores to 740 stores, DLF Shopping Malls have pioneered a forward-thinking approach and changed the entire momentum from being evolutionary to revolutionary. With record-breaking visitor footfall, robust sales and having steadfast ...
Coriander dips 0.83% on subdued demand
Coriander prices fell 0.83 per cent to Rs 6,180 per quintal in futures trade Monday as participants cut down positions amid muted domestic as well as exports demand. Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment. At the National Commodity and Derivatives Exchange, coriander prices for delivery in April declined by Rs 52, or 0.83 per cent, to Rs 6,180 per quintal with an open interest of 9,460 lots. On similar lines, rate for May was trading lower by Rs 53, down 0.84 per cent, to Rs 6,233. The open interest of the contract stood at 22,240 lots. Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.
Market logs modest losses
Key equity indices logged modest losses on selling pressure in index pivotals. The barometer index, the S&P BSE Sensex, fell 151.45 points or 0.41% at 36,395.03, as per provisional closing data. The Nifty 50 index was down 54.80 points or 0.5% at 10,888.80, as per provisional closing data. Broader market witnessed selling pressure.
Chana futures fall 0.56% on muted demand
Chana prices fell 0.56 per cent to Rs 4,282 per quintal in futures trade Monday after participants reduced their exposure amid subdued demand at the spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, chana for delivery in April was trading lower by Rs 24, or 0.56 per cent, to Rs 4,282 per quintal with an open interest of 30,470 lots. The delivery for far-month May also fell by Rs 30, or 0.69 per cent, to Rs 4,325 per quintal with an open interest of 14,010 lots. Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to fall in chana prices.
Maan Aluminium standalone net profit rises 11.96% in the December 2018 quarter
Sales rise 43.78% to Rs 148.17 crore
Budge Budge Company reports standalone net loss of Rs 1.63 crore in the December 2018 quarter
Sales rise 9.57% to Rs 51.39 crore
Ugar Sugar Works standalone net profit rises 249.45% in the December 2018 quarter
Sales rise 65.14% to Rs 207.19 crore
Simplex Castings reports standalone net loss of Rs 5.82 crore in the December 2018 quarter
Sales decline 61.84% to Rs 30.19 crore