Page 1031 - Business Finance
Tata Steel third-quarter standalone profit soars on robust production
(Reuters) - Tata Steel Ltd reported an 83.6 percent surge in third-quarter standalone net profit on Friday, aided by robust domestic production.
RCom shares recover; group firms too gain after recent hammering
Shares of Reliance Communications and other group companies bounced back Friday, surging up to 11.2 per cent after the recent hammering. RCom shares gained 4.82 per cent to close at Rs 5.44 on the BSE. Intra-day, it surged 6.93 per cent to Rs 5.55. At the NSE, the stock rose by 4.80 per cent to settle at Rs 5.45. Other group shares too gained, where Reliance Capital zoomed 11.23 per cent, Reliance Power advanced by 9.55 per cent, Reliance Infrastructure gained 6.54 per cent and Reliance Naval and Engineering 5.78 per cent on the BSE. Reliance Communications had, however, recovered Wednesday after three days of sharp fall. Shares of Reliance Communications fell Thursday by over 6 per cent, with group companies also tumbling. On Monday, RCom stock ended nearly 35 per cent lower and fell by another 28.5 per cent the next day after the company decided to opt for insolvency proceedings. Meanwhile, Anil Ambani-led Reliance Group Friday accused L&T and Edelweiss entities of "illegal" and
Turnover in F&O segment declines
Tata Motors, Reliance Industries and Mahindra & Mahindra February 2019 futures most active
Bengal bags over Rs 2.84 lakh crore of investment proposals: Mamata
West Bengal Chief Minister Mamata Banerjee on Friday said the state has secured over Rs 2.84 lakh crore of investment proposals in the Bengal Global Business Summit this year, compared to about Rs 2.20 lakh crore of investment offers received last year.
IEX net profit surges 18 pc to Rs 42.62 cr in Q3
Indian Energy Exchange posted 18 per cent jump in its net profit to Rs 42.62 crore for the quarter ended December 31, mainly on the back of higher revenues. The company's net profit was Rs 36.20 crore in the same quarter a year ago, a company statement said. According to the statement, the company's total income rose to Rs 76.91 crore in third quarter compared to Rs 70.21 crore in the year-ago period. It said the electricity segment registered a total volume of 13,696 MU (million units) electricity sale, up 20 per cent, on account of increase in procurement by distribution companies in the quarter. The REC (renewable energy certificate) segment registered total volume of 11.97 lakh, down 78 per cent, driven by reduction in the available inventory. The IEX is the first and largest power exchange in India and provides an automated trading platform for physical delivery of electricity. It offers participants the opportunity to trade in electricity contracts, Renewable Energy Certificates
Bajaj Global standalone net profit rises 20.00% in the December 2018 quarter
Sales rise 15.38% to Rs 0.15 crore
Hercules Hoists standalone net profit rises 67.93% in the December 2018 quarter
Sales rise 40.71% to Rs 25.30 crore
Kaira Can Company standalone net profit declines 47.00% in the December 2018 quarter
Sales rise 0.72% to Rs 32.19 crore
S E Power reports standalone net loss of Rs 1.05 crore in the December 2018 quarter
Sales decline 5.52% to Rs 4.28 crore
Remi Elecktrotechnik standalone net profit rises 156.58% in the December 2018 quarter
Sales rise 23.09% to Rs 26.55 crore
Scooters India reports standalone net loss of Rs 0.61 crore in the December 2018 quarter
Sales decline 17.44% to Rs 16.00 crore
Minda Corporation consolidated net profit rises 22.02% in the December 2018 quarter
Sales rise 20.88% to Rs 769.02 crore
Pushpsons Industries reports standalone net loss of Rs 0.03 crore in the December 2018 quarter
Sales rise 18.52% to Rs 0.64 crore
Incon Engineers reports standalone net loss of Rs 0.09 crore in the December 2018 quarter
Reported sales nil
Lambodhara Textiles standalone net profit declines 28.90% in the December 2018 quarter
Sales rise 2.87% to Rs 43.05 crore
Hawa Engineers standalone net profit rises 4.55% in the December 2018 quarter
Sales rise 3.30% to Rs 13.46 crore
Deco-Mica reports standalone net profit of Rs 0.50 crore in the December 2018 quarter
Sales rise 15.30% to Rs 13.34 crore
UCO Bank reports standalone net loss of Rs 998.74 crore in the December 2018 quarter
Total Operating Income decline 3.25% to Rs 3337.32 crore
Daikaffil Chemicals India reports standalone net loss of Rs 0.11 crore in the December 2018 quarter
Sales decline 35.48% to Rs 3.91 crore
KIC Metaliks standalone net profit rises 245.73% in the December 2018 quarter
Sales rise 74.74% to Rs 195.50 crore