Page 1036 - Business Finance
Axtel Industries standalone net profit rises 683.10% in the December 2018 quarter
Sales rise 101.32% to Rs 28.97 crore
VLS Finance standalone net profit declines 27.32% in the December 2018 quarter
Sales rise 64.67% to Rs 817.75 crore
Axon Ventures reports standalone net profit of Rs 0.11 crore in the December 2018 quarter
Sales rise 91.18% to Rs 0.65 crore
Mahashree Trading standalone net profit rises 677.78% in the December 2018 quarter
Sales rise 3715.38% to Rs 4.96 crore
Industrial & Prudential Investment Company standalone net profit rises 2.82% in the December 2018 quarter
Sales rise 1.23% to Rs 0.82 crore
Disa India standalone net profit declines 23.74% in the December 2018 quarter
Sales decline 26.85% to Rs 74.66 crore
Barometers trade with modest losses; Nifty regains 11,000 mark
The market was trading with modest losses in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 242.48 points or 0.66% at 36,728.61. The Nifty 50 index was down 64.65 points or 0.58% at 11,004.75. The Nifty regained 11,000 mark after slipping below that level in morning trade.
RBI Raises Limit Of Collateral Free Agri Loans To Rs 1.6 Lakh From Rs 1 Lakh
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M&M drops after declaring Q3 result
Mahindra & Mahindra fell 2.87% to Rs 681.45 at 15:03 IST on BSE after the company announced Q3 results during trading hours today, 8 February 2019.
China January new bank loans seen surging as PBOC keeps liquidity taps open: Reuters poll
BEIJING (Reuters) - New bank loans in China are expected to have surged to a one-year high in the first month of 2019, a Reuters poll showed, as authorities continued to spur commercial lenders to extend more credit to cash-strapped companies in a slowing economy.
Tata Motors Ltd leads losers in 'A' group
Tata Motors-DVR, Union Bank of India, Steel Authority of India Ltd and Suzlon Energy Ltd are among the other losers in the BSE's 'A' group today, 08 February 2019.
Khadim India tumbles after weak Q3 outcome
Khadim India lost 13.8% to Rs 389.50 at 14:45 IST on BSE after net profit dropped 55.24% to Rs 3.97 crore on 13.77% fall in net sales to Rs 176.47 crore in Q3 December 2018 over Q3 December 2017.
Salona Cotspin Ltd leads losers in 'B' group
Country Condos Ltd, Sambhaav Media Ltd, Landmark Property Development Company Ltd and Khadim India Ltd are among the other losers in the BSE's 'B' group today, 08 February 2019.
Volumes jump at Tata Motors Ltd counter
Tata Motors Ltd saw volume of 913.95 lakh shares by 14:14 IST on NSE, a 7.5 fold spurt over two-week average daily volume of 121.87 lakh shares
Fair trade regulator, GeM ink MoU to check e-market malpractices
The Government e-Marketplace (GeM) and fair trade regulator Competition Commission of India (CCI) have signed an MoU to cooperate on public procurement matters and for detection of anti-competitive practices.
Beer to cost more in Karnataka
Beer will cost more as will other low alcoholic beverages in Karnataka from April 1 as the state budget for fiscal 2019-20 proposed a steep increase in additional excise duty on the beverages.
Panneerselvam's budget woos TN farmers, marginalised
With elections around the corner, Tamil Nadu on Friday announced schemes like accident insurance for poor, expanding crop insurance, food processing park, housing for people affected by cyclone Gaja in the tax-free budget for 2019-20 presented in the Assembly.
Himachal to grow at 7.3 pc in FY'19: Economic Survey
Himachal Pradesh is expected to grow at a higher rate of 7.3 per cent in 2018-19 compared to 6.5 per cent in the previous fiscal, according to the Economic Survey tabled in Assembly Friday. The per capital income of the state increased by Rs 16,257 to Rs 1,76,968 in 2018-19, the Survey presented by Chief Minister Jai Ram Thakur showed. The state Budget for 2019-20 will be presented on Saturday. The survey pegged the economic growth rate for 2018-19 at 7.3 per cent, highest in three years. The growth rate for 2017-18 was 6.5 per cent, and 7 per cent for 2016-17. The gross state domestic product (GSDP) in 2018-19 is projected at Rs 1,51,835 crore. Earlier, the GSDP at current prices in 2017-18 increased to Rs 1,36,542 crore from Rs 1,25,122 crore in 2016-17. The agriculture sector accounts for about nine per cent of the total GSDP, the survey said. Apple production contributed about 79 per cent to the total fruit production in the state during the current financial year. About 3.60 lakh
Maldives to open 20 new resorts in 2019 to boost tourism
Maldivian President Ibrahim Mohamed Solih announced on Friday that 20 new luxury resorts will be opened in the island country this year to boost the number of tourist arrivals.
PSBs identified 54 intl operations for rationalisation by mid-Jan: Minister
As many as 54 overseas operations were identified for rationalisation, while 29 have been rationalised for cost efficiencies, as of January 15, this year, the Parliament was informed Friday. Banks pursue rightsizing and rationalisation of their branch network and other operations for cost efficiency and synergy benefits, and invest in and monetise non-core assets as per business strategy, Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply. The minister said a reforms agenda based on recommendations by whole time directors and senior executives of public sector banks (PSBs) was referred by government to PSBs in January 2018 for appropriate action as per approval of bank boards. "As per information furnished by PSBs, 54 overseas operations were identified for rationalisation and as of January 15, 2019, 29 overseas operations have been rationalised for cost efficiencies and synergies in overseas markets," the minister said. The reform process includes .