Page 1145 - Business Finance
Jindal Poly Investment & Finance Company reports standalone net loss of Rs 0.74 crore in the December 2018 quarter
Reported sales nil
Kretto Syscon reports standalone net profit of Rs 0.05 crore in the December 2018 quarter
Sales reported at Rs 0.17 crore
EPC Industrie standalone net profit rises 50.00% in the December 2018 quarter
Sales rise 43.41% to Rs 77.34 crore
Saraswati Commercial (India) standalone net profit rises 69.66% in the December 2018 quarter
Sales reported at Rs 1.79 crore
Integra Engineering India standalone net profit rises 708.97% in the December 2018 quarter
Sales rise 28.44% to Rs 15.67 crore
Arvind SmartSpaces consolidated net profit rises 126.16% in the December 2018 quarter
Sales rise 137.65% to Rs 77.26 crore
Security & Intelligence Services India consolidated net profit rises 25.42% in the December 2018 quarter
Sales rise 19.45% to Rs 1836.84 crore
Nifty February 2019 futures at premium
Turnover in F&O segment surges
Core Sector Grows At Tepid Pace Of 2.6%
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 132.1 in December, 2018, which was 2.6 per cent higher as compared to the index of December, 2017. Its cumulative growth during April to December, 2018-19 was 4.8 per cent.
General Electric posts small profit in fourth quarter, cash flow slows
(Reuters) - U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, as it accelerated restructuring under a new chief executive.
Kerala Budget: Building materials, movie tickets, alcohol to cost more
Besides paying more for building materials, movie tickets and alcohol, people in Kerala will now pay a one per cent additional cess on all items falling under the 12, 18 and 28 per cent GST slabs for the next two years, Kerala Finance Minister Thomas Issac said on Thursday while presenting the budget.
Eight core sector growth slows down to 2.6 pc in Dec
Growth of eight core sectors slowed down to 2.6 per cent in December 2018 on account of negative growth in expansion of crude oil, refinery products and fertilisers. According to Commerce and Industries ministry, coal, natural gas and steel output grew by 0.9 per cent, 4.2 per cent and 13.2 per cent, respectively. During April-December 2018-19, the eight sector recorded a growth of 4.8 per cent as compared to 3.9 per cent in same period of previous fiscal.
Tata Motors to supply Tigor EVs to Capgemini
Tata Motors Thursday said it has signed an agreement to supply Tigor electric vehicles (EVs) to technology major Capgemini. According to the partnership, Capgemini will deploy these EVs on its campuses in Bengaluru, Chennai and Hyderabad. "The auto major will continue to work towards bringing aspirational e-mobility solutions for the customers, leading the drive towards faster adoption of electric vehicles in the country," Tata Motors President (Electric Mobility Business and Corporate Strategy) Shailesh Chandra said. The company has collaborated with Karthik Travels, a mobility solutions company, to manage smooth induction of the Tigor EV fleet into Capgemini's transport ecosystem.
Dena Bank narrows its loss to Rs 178 cr in Q3
State-owned Dena Bank Thursday reported narrowing of net loss in December quarter to Rs 178.47 crore as provisioning for bad loans declined. The bank had posted a net loss of Rs 380 crore in the October-December period of 2017-18. Total income of the bank also came down to Rs 2,293 crore in the quarter under review as against Rs 2,476 crore in the year-ago period, Dena Bank said in a regulatory filing. The lender also improved its asset quality with net non-performing assets (NPAs) falling to 10.44 per cent of total advances at December-end 2018 from 11.52 per cent in year-ago same period. Gross NPAs however rose to 19.77 per cent of gross advances as against 19.56 per cent a year ago. In absolute terms, net NPAs stood at Rs 6,142.47 crore by the end of third quarter 2018-19 as against Rs 7,564.20 crore a year ago. Gross NPAs stood at Rs 12,998.46 crore, down from Rs 14,168.78 crore a year ago. The lender's provisioning for bad loans nearly halved to Rs 519.37 crore in the latest ...
Bharti Airtel Q3 consolidated net income tanks 72 pc to Rs 86 cr
Telecom operator Bharti Airtel Thursday reported a 72 per cent drop in consolidated net income for the three months ended December 2018 at about Rs 86 crore amid market turbulence triggered by cut-throat competition. The net income stood at Rs 306 crore in the same period of the previous year. Total revenue for the December 2018 quarter stood at Rs 20,519 crore, just 1 per cent higher than the Rs 20,319 crore in the corresponding period of the previous year. "India revenues for Q3'19 at Rs 14,768 crore have declined by 2.3 per cent year on year (declined 3.5 pc on reported) on an underlying basis. Mobile revenues have witnessed a year on year de-growth of 4 per cent on an underlying basis primarily on account of the sustained pricing pressure in India Mobile segment," Airtel said in a statement. The loss from India operations (before exceptional items) stood at Rs 971.9 crore, compared to a net income of Rs 373.5 crore in the year ago period. The company said its Africa revenues grew .
Medlife acquires Mumbai-based MedLabz
Health-tech firm Medlife Thursday said it has acquired Mumbai-based digital healthcare platform and diagnostics company MedLabz for an undisclosed amount. This acquisition will help the company consolidate its diagnostics business, Medlife said in a statement. The company has also launched its central laboratory in Bengaluru, it added. Medlife founder and Chief Executive Officer Tushar Kumar said: "The acquisition has come at an opportune time for both the companies. While MedLabz was looking to scale up business, we wanted to strengthen our diagnostic capabilities through a viable acquisition." The company, however, did not provide any financial details of the acquisition. Medlife, which is a leading player in the online pharmacy segment, recently announced plans to expand presence in the retail pharmacy segment.
Shell sticking with spending discipline as 2018 profits soar
LONDON (Reuters) - Royal Dutch Shell said it would stick to spending discipline this year after 2018 profits jumped by more than a third to $21.4 billion, their highest since 2014.
ED raids premises of businessman
The Enforcement Directorate (ED) on Thursday raided the premises of a businessman in the city. ED sources said that the businessman, Nilesh Parekh had allegedly duped nationalised and private banks of Rs 2600 crore. He used to borrow money from these banks for manufacturing jewellery meant for exports and never repaid them. The sources said that ED would attach assets of the businessman.
Ajanta Pharma shares tank over 6% post Q3 results
Shares of Ajanta Pharma Thursday plunged over 6 per cent after the company reported a 54.63 per cent dip in consolidated net profit for the December 2018 quarter. The shares of the drug firm tanked 6.02 per cent to close at Rs 1,023.95 on the BSE. Intra-day, stock tumbled 7.30 per cent to Rs 1,010. On the NSE, shares declined 6.23 per cent to close at Rs 1,021. Ajanta Pharma Wednesday reported a 54.63 per cent dip in consolidated net profit at Rs 66.90 crore for the October-December quarter. The company had posted a net profit of Rs 147.47 crore in the corresponding period of the previous fiscal, Ajanta Pharma said in a filing to the BSE. The company's consolidated revenue from operations stood at Rs 485.11 crore for the quarter, as against Rs 587.05 crore in the corresponding period a year-ago.
Bharti Airtel posts 72 percent drop in third-quarter profit
(Reuters) - Bharti Airtel Ltd posted a nearly 72 percent fall in quarterly profit on Thursday, as the telecoms bellwether suffered from continuing pricing pressure.