Page 1152 - Business Finance
Dewan Housing slumps 17 percent after government launches probe
NEW DELHI (Reuters) - Shares of Indian home loan provider Dewan Housing Finance Corp Ltd slumped 17 percent in early trade on Thursday, with sources saying the Indian government has launched a probe into allegations of financial mismanagement against the company.
Grab signs deal with Ascendas REIT for new Singapore HQ
SINGAPORE (Reuters) - Ride-hailing firm Grab has signed a deal with business park landlord Ascendas Real Estate Investment Trust for a new Singapore headquarters to accommodate the start-up's growing team under one roof.
Shares marginally up at opening, ICICI Bank gains
Indian shares gained marginally on Thursday with market experts expecting sops and schemes from the interim Union Budget before the general elections due in April.At 10:15 am, the S&P BSE Sensex was up 197 points at 35,788. The Nifty 50 was also ruling 39 points high at 10,691.Among the early gainers were GAIL, Tata Steel, ICICI Bank and Reliance. However, Zee Entertainment, Bajaj Finance and HCL Tech lost ground.ICICI Bank gained 1.56 per cent and was quoted at Rs. 371,60, a day after the bank decided to terminate the contract of former managing director and CEO Chanda Kochhar after the B N Srikrishna panel found that she violated the bank's code of conduct in relation to a Rs. 3,250-crore loan given to Videocon Industries.Meanwhile, Asian indices were mostly showing gains on the back of flows into equities.
L&T Hydrocarbon Engineering bags two orders from Indian Oil Corp
L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering major Larsen & Toubro, Thursday said it has won two orders from Indian Oil Corporation Ltd (IOCL). "The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up mono ethylene glycol (MEG) plant and ethylene recovery unit (ERU)...at IOCL Paradip Refinery (Odisha)," Larsen & Toubro said in a BSE filing. Both the projects, awarded through international competitive bidding, are on lump sum turn key basis and shall be executed concurrently, the company added. Larsen & Toubro, however, did not reveal the value of the orders received. Shares of Larsen & Toubro were trading 0.48 per cent higher at Rs 1,301.55 apiece on BSE.
Hit by sanctions, Asia's Iran crude oil imports drop to three-year low in 2018
SINGAPORE (Reuters) - Iranian crude oil imports by Asia's top four buyers dropped to the lowest volume in three years in 2018 amid U.S. sanctions on Tehran, but China and India stepped up imports in December after getting waivers from Washington.
Oil rises as Saudi Arabia cuts supply to U.S., Venezuela struggles to keep up exports
SINGAPORE (Reuters) - Oil prices rose for a third day on Thursday, pushed up by lower imports into the United States amid OPEC efforts to tighten the market, and as Venezuela struggles to keep up its crude exports after Washington imposed sanctions on the nation.
Global smartphone market declined for first time in 2018
The overall global smartphone market declined for the first time in 2018, registering 4 per cent drop from 1,558.8 million unit shipments in 2017 to 1,498.3 million units 2018, Counterpoint Research said on Thursday.
Genus Paper & Boards standalone net profit declines 81.04% in the December 2018 quarter
Sales rise 22.39% to Rs 109.38 crore
Mahindra Holidays & Resorts India standalone net profit declines 33.09% in the December 2018 quarter
Sales decline 9.49% to Rs 236.06 crore
Oriental Veneer Products standalone net profit declines 29.07% in the December 2018 quarter
Sales decline 29.76% to Rs 25.04 crore
Amarnath Securities standalone net profit declines 72.22% in the December 2018 quarter
Sales decline 62.96% to Rs 0.10 crore
ICICI Bank standalone net profit declines 2.75% in the December 2018 quarter
Total Operating Income rise 19.14% to Rs 16280.40 crore
Ratnamani Metals & Tubes standalone net profit rises 37.18% in the December 2018 quarter
Sales rise 36.01% to Rs 728.48 crore
IFB Agro Industries standalone net profit declines 25.00% in the December 2018 quarter
Sales rise 11.70% to Rs 210.75 crore
International Paper APPM standalone net profit rises 179.16% in the December 2018 quarter
Sales rise 14.59% to Rs 376.18 crore
Torrent Pharmaceuticals consolidated net profit rises 324.14% in the December 2018 quarter
Sales rise 35.84% to Rs 1948.00 crore
Integrated Hitech reports standalone nil net profit/loss in the December 2018 quarter
Sales decline 28.57% to Rs 0.05 crore
Confidence Finance & Trading reports standalone net loss of Rs 0.09 crore in the December 2018 quarter
Sales rise 127.59% to Rs 0.66 crore
Amarjothi Spinning Mills standalone net profit rises 4.38% in the December 2018 quarter
Sales rise 19.99% to Rs 49.59 crore
Citadel Realty & Developers standalone net profit declines 75.00% in the December 2018 quarter
Reported sales nil