Page 1040 - Business Finance
Dish TV India Ltd soars 1.58%, up for third straight session
Dish TV India Ltd is quoting at Rs 29, up 1.58% on the day as on 12:49 IST on the NSE. The stock is down 60.73% in last one year as compared to a 5.14% gain in NIFTY and a 34.26% gain in the Nifty Media index.
Zee Media Corporation Ltd soars 4.96%, Gains for third straight session
Zee Media Corporation Ltd is quoting at Rs 13.75, up 4.96% on the day as on 12:49 IST on the NSE. The stock is down 69.48% in last one year as compared to a 5.14% fall in NIFTY and a 34.26% fall in the Nifty Media index.
Max Financial Services Ltd up for third straight session
Max Financial Services Ltd is quoting at Rs 404.45, up 2.95% on the day as on 12:49 IST on the NSE. The stock is down 23.45% in last one year as compared to a 5.14% jump in NIFTY and a 10.46% jump in the Nifty Financial Services index.
Bharat Petroleum Corporation Ltd in demand
Bharat Petroleum Corporation Ltd is quoting at Rs 343.7, up 1.27% on the day as on 12:49 IST on the NSE. The stock is down 27.7% in last one year as compared to a 5.14% spurt in NIFTY and a 10.89% spurt in the Nifty Energy index.
Crude oil futures fall Rs 4 on weak global cues
Crude oil futures eased by Rs 4 to Rs 3,762 per barrel Friday as speculators reduced their positions amid a weakening trend overseas. Profit-booking at existing higher levels, too, weighed on crude prices, analysts said. At the Multi Commodity Exchange, crude for delivery in March was trading lower by Rs 4, or 0.11 per cent, at Rs 3,762 per barrel in 1,235 lots. The oil for delivery in April also fell by Rs 17, or 0.44 per cent, to Rs 3,808 per barrel in a business volume of 13 lots. The West Texas Intermediate (WTI) crude lost 0.72 per cent to USD 52.26, while Brent crude, the global benchmark, fell 0.68 per cent to USD 61.24 a barrel at the New York Mercantile Exchange.
Explainer: Why Shanghai's new Nasdaq-style tech board may be a game-changer
HONG KONG/SHANGHAI (Reuters) - The detailed rules for a Nasdaq-style start-up board in Shanghai have fuelled hopes among early-stage companies the new regime could bring about positive changes in China's stance towards raising equity that investors have been seeking.
Tata Motors posts record $4 billion loss on Jaguar woes, shares crash
BENGALURU/NEW DELHI (Reuters) - Jaguar Land Rover's owner Tata Motors Ltd stunned markets by posting the biggest-ever quarterly loss in Indian corporate history of about $4 billion on slumping China sales, sending its shares crashing as much as 30 percent.
Gold holds firm on trade, growth worries; heads for weekly fall
(Reuters) - Gold held steady on Friday on worries that a prolonged Sino-U.S. trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three.
Datamatics Wins Automated Fare Collection Contract for Mumbai Metro Line 2A, 2B and 7
/ -- The Consortium led by Datamatics Global Services Limited (DGSL) and AEP Ticketing solutions S.R.L, Italy (AEP), have been issued the Letter of Acceptance (LOA) for implementing Automatic Fare Collection (AFC) system for 52 stations of Mumbai Metro Line 2A (Dahisar to DN Nagar Metro), 2B (DN Nagar to Mankhurd Metro) and 7 (Andheri (E) to Dahisar) of the Mumbai Metro Rail project. The LOA was issued by Mumbai Metropolitan Region Development Authority (MMRDA) to the Consortium for approximately Rs. 160 crores. The LOA between the Consortium and MMRDA was signed in the presence of Shri. R. A. Rajeev, IAS, Metropolitan Commissioner, MMRDA; Shri. Sanjay Waghmare Director(Systems), Metro PIU, MMRDA, Mr. O. P. Nebhnani, Officer on Special Duty(S&T), Metro PIU MMRDA, Dr. Lalit Kanodia, Chairman, DGSL, Shri Rahul Kanodia, Vice Chairman & CEO - DGSL; Shri Sanjeev Subhedar, EVP and Global Head Engineering Services and other top officials from MMRDA and DGSL. On the occasion, Shri. ..
Gold futures weaken to Rs 33,111 per 10 gm
Gold prices fell by Rs 58 to Rs 33,111 per 10 gram in futures trade Friday as speculators reduced exposure despite a firm trend in the precious metal overseas. At the Multi Commodity Exchange, gold for delivery in April traded lower by Rs 58, or 0.17 per cent, to Rs 33,111 per 10 gram in a business turnover of 17,143 lots. The gold for delivery in far-month June, too, fell by Rs 72, or 0.22 per cent, to Rs 33,260 per 10 gram in 4,458 lots. Marketmen said the fall in gold prices at futures trade was mostly due to trimming of positions by the participants. Globally, however, the gold was trading a shade higher by 0.07 per cent at USD 1,310.44 an ounce in Singapore.
Sobha Q3 profit rises 31 pc to Rs 69.8 cr
Bengaluru-based Sobha reported a 31 per cent rise in consolidated net profit at Rs 69.8 crore for December 2018 quarter. Its net profit stood at Rs 53.4 crore in the year-ago period, the company said in a regulatory filing. The total income of the company rose to Rs 807.7 crore during October-December period of this fiscal from Rs 700.4 crore in the corresponding period of the previous year. "Sobha has entered 2019 with a positive performance backed by world-class products, multi-city operations and its distinctive backward integration model. This has enabled us to deliver 7.78 million square feet of developable area during the nine months of FY 18-19," said J C Sharma, the company's Vice Chairman and MD. The launch of new project 'Sobha Isle' in Kochi has improved the sales in the Kerala market, which was impacted earlier due to the floods, he said in a statement on Tuesday. "Additionally, Bengaluru remains a strong market for us with 68 per cent of the total sales volume in this ...
German trade surplus widens unexpectedly in December
BERLIN (Reuters) - Germany's trade balance widened unexpectedly in December, when a surprise growth in imports was exceeded by a still greater surprise in export volumes, the Federal Statistics Office said on Friday.
Benchmarks trade in range
The Sensex and the Nifty traded in a narrow range near day's low in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was down 237.39 points or 0.64% at 36,733.70. The Nifty 50 index was down 70.55 points or 0.64% at 10,998.85. The Nifty was trading below 11,000 mark after slipping below that level in morning trade.
Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear
BANGKOK (Reuters) - Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks.
Hinduja global Solutions Q3 net profit dips over 28 pc to Rs 37 cr
Hinduja Global Solutions (HGS) Friday said its consolidated net profit has declined 28.7 per cent to Rs 36.7 crore for the December 2018 quarter, from the year-ago period. The company had registered a net profit of Rs 51.5 crore in the October-December quarter last year. However, HGS saw its revenue from operations growing by 30.4 per cent to Rs 1,272.6 crore in the quarter under review as against Rs 975.7 crore in the third quarter of 2017-18. "The performance was driven by organic growth of 11.3 per cent, while forex gains accounted for 8.5 per cent and the rest 10.6 per cent was from the acquisitions of AxisPoint Health (APH) and Element Solutions and sale of some APH contracts," HGS CEO Partha DeSarkar said in a statement. He added that both healthcare and CET (Consumer, e-commerce, telecom and technology) verticals have shown good traction. "While CET had ramp ups from recent client wins, the health care business is seeing a strong open enrollment season across the US, Jamaica, ..
Minda Corp revenues up 21% at Rs 769 crore in Q3 FY19
Leading auto component manufacturer Minda Corporation has reported revenues of Rs 769 crore during October to December 2018, marking a jump of 21 per cent in the year-on period.In a listing to stock exchanges, the company said its net profit totalled Rs 46.2 crore, up nearly 6 per cent from the third quarter of 2017-18.The EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 54.8 crore, over 7 per cent in the corresponding period.The company announced an interim dividend of 12.5 per cent, that is Rs 0.25 per share.Minda Corp, the flagship company of Spark Minda, said equity holding of Minda Furukawa Electric Pvt Ltd has been restructured and equity stake of Minda Corp reduced from 51 per cent to 25 per cent. The stake sale fetched Rs 17.5 crore.Minda Corporation has a diversified product portfolio that encompasses safety, security and restraint systems; driver information and telematics systems and interior systems for auto original equipment manufacturers
Oriental Trimex Ltd leads gainers in 'B' group
Shriram EPC Ltd, Almondz Global Securities Ltd, Manaksia Coated Metals & Industries Ltd and GTN Industries Ltd are among the other gainers in the BSE's 'B' group today, 08 February 2019.
Sukhjit Starch & Chemicals Q3 profit up 73 pc at 14.5 cr
Sukhjit Starch and Chemicals Ltd has reported 73 per cent rise in its profit at Rs 14.52 crore for the third quarter of this fiscal. Its net profit stood at Rs 8.4 crore in the year-ago period, the company said in a regulatory filing. The total income increased to Rs 198.28 crore in the October-December quarter of this fiscal from Rs 191.52 crore in the corresponding period of the previous year. The board, in its meeting held on February 6, recommended the issue of bonus shares to the shareholders of the company in proportion of 1:1, which is one bonus share for every one existing equity share held by them. "2019 is a very special year for the company as in this 75th year of its corporate existence. The company has decided to further share the prosperity of company's growth with its shareholders," Sukhjit Starch & Chemicals Managing Director I K Sardana said. The company has manufacturing facilities at Phagwara (Punjab), Nizamabad (Telangana), Malda (West Bengal), Gurplah ...
Oil falls on global slowdown worries, but OPEC cuts offer support
SINGAPORE (Reuters) - Oil markets fell on Friday, pulled down by worries over a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support.
Markets slip on global cues, Sensex down over 248 points at 36,722
Stock markets slipped into negative territory on Friday amid weak global cues.Asian markets were trading lower after gloomy scene from the Wall Street amid worries about global economic growth after the European Commission lowered its growth forecasts for eurozone.At 11:10 am, the BSE Sensex was down 248 points at 36,722 while the Nifty 50 was 74 points lower at 10,994.Shares of Tata Motors plunged over 18 per cent in the morning trade and were among top Nifty losers after the company reported a net consolidated loss due to asset impairment in Jaguar Land Rover of Rs 27,838 crore.JLR's announcement of reducing its global workforce by 4,500 people is expected to result in a one-time exceptional redundancy cost of 200 million pounds.Another prominent loser on Indian markets was Eicher Motors which slipped over 2.5 per cent.All sectoral indices traded in the red with most losses in automobiles, metals, banks and infrastructure sectors..