Page 1153 - Business Finance
Hexaware Technologies consolidated net profit rises 2.04% in the December 2018 quarter
Sales rise 24.64% to Rs 1252.42 crore
Bajaj Holdings & Investment consolidated net profit rises 18.12% in the December 2018 quarter
Sales rise 6.84% to Rs 109.61 crore
AAVAS Financiers standalone net profit rises 117.43% in the December 2018 quarter
Sales rise 55.05% to Rs 194.85 crore
Inventure Growth & Securities standalone net profit declines 13.79% in the December 2018 quarter
Sales decline 95.88% to Rs 3.57 crore
Indraprastha Medical Corporation standalone net profit rises 28.99% in the December 2018 quarter
Sales rise 6.70% to Rs 198.20 crore
SNL Bearings standalone net profit declines 5.80% in the December 2018 quarter
Sales rise 0.10% to Rs 10.33 crore
Carnation Industries reports standalone net loss of Rs 1.63 crore in the December 2018 quarter
Sales decline 86.11% to Rs 1.50 crore
Vinyoflex standalone net profit declines 8.70% in the December 2018 quarter
Sales rise 20.00% to Rs 11.10 crore
Cholamandalam Investment & Finance Company standalone net profit rises 38.71% in the December 2018 quarter
Sales rise 31.76% to Rs 1830.69 crore
Winro Commercial (India) standalone net profit rises 19.59% in the December 2018 quarter
Sales rise 271.43% to Rs 7.80 crore
Alembic standalone net profit declines 41.73% in the December 2018 quarter
Sales decline 18.78% to Rs 24.31 crore
Rupee gains 26 paise to 70.86/USD in early trade as Fed keeps rates unchanged
The rupee appreciated by 26 paise to 70.86 against the US dollar in opening trade Thursday, driven by weakening of the greenback in overseas markets after the US Fed kept interest rate unchanged. The US dollar weakened in overseas market after the Federal Reserve left the key US lending rate unchanged on Wednesday, and said it would be "patient" about making any further changes. Besides selling of the American currency by exporters, forex traders said fresh foreign fund inflows and positive opening in domestic equities also supported the rupee up move, while surging crude oil prices restricted the uptrend. The rupee opened strong at 70.92 at the interbank forex market then gained further ground and touched 70.86 amid weakening of the American currency, displaying gains of 26 paise over its last close. The rupee Wednesday had weakened by just 1 paise to close at 71.12 against the US dollar. Foreign funds purchased shares worth Rs 130.25 crore from the capital markets on a net basis, ...
Commercial Cloud helps Microsoft log $32.5 bn in revenue
Riding on stupendous growth in its commercial Cloud services, Microsoft logged a revenue of $32.5 billion -- up 12 per cent from a year ago -- and a net income of $8.4 billion for the quarter ending on December 31.
Asian markets rally, dollar down as Fed signals slower rate hikes
Asian equities rallied and the dollar extended losses after the Federal Reserve signalled it would slow down its pace of interest rate hikes, providing some much-needed respite to investors fretting over the cost of borrowing. Dealers are also keeping an eye on top-level talks between China and the United States aimed at resolving their long-running trade war, which kicked off on Wednesday. The US central bank sparked a flurry of equity buying after chairman Jerome Powell said the case for lifting rates had "weakened somewhat" as the global economy stutters. "In this environment, we believe we can best support the economy by being patient in evaluating the outlook before making any future adjustment to policy," he said. The Fed also said it could slow down the reduction of its securities holdings, which would also help keep rates lower. "Wow -- Powell to markets -- we hear you and we have adjusted policy accordingly," Chris Rupkey, chief financial economist at MUFG Union Bank, ...
L&T Hydrocarbon Engineering bags two orders from Indian Oil Corporation
The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up Mono Ethylene Glycol (MEG) Plant and Ethylene Recovery Unit (ERU) under LSTK-1 Package, associated Offsite and Utilities under LSTK-2 Package at IOCL Paradip Refinery (Odisha). MEG plant is licensed by Scientific Design with a capacity of 357 KTA while ERU is licensed by Lummus Technology (now McDermott) with a capacity of 180 KTA.
Sensex jumps over 200 pts on firm global cues
The BSE benchmark Sensex Thursday rallied over 200 points on positive cues from global markets after dovish comments by the US Federal Reserve as it left key policy rates unchanged. The 30-share index was trading 213.32 points, or 0.60 per cent, higher at 35,804.57. Similarly, the 50-share NSE Nifty jumped 53.95 points, or 0.51 per cent, to 10,705.75. On Wednesday, the Sensex ended marginally lower by 1.25 points and the Nifty closed with a negligible loss of 0.4 point. Top gainers in the Sensex pack include ICICI Bank, RIL, Tata Steel, SBI, Tata Motors, NTPC, Vedanta and TCS, rallying up to 2.20 per cent. On the other hand, Bajaj Finance, Yes Bank, Hero MotoCorp, Bajaj Auto, HDFC duo and HCL Tech were the top losers, falling up to 1.59 per cent. On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 130.25 crore Wednesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 502.26 crore, provisional data available with BSE ...
Market opens on a firm note
Trading for the day began on a firm note as the key benchmark indices drifted higher in early trade. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 227.49 points or 0.64% at 35,818.74. The Nifty 50 index was up 45.65 points or 0.43% at 10,697.45.
Tata Steel Ltd Surges 2.16%
Tata Steel Ltd has lost 7.34% over last one month compared to 7.07% fall in S&P BSE Metal index and 1.22% drop in the SENSEX
ICICI Bank rises after Q3 results
ICICI Bank rose 2.67% to Rs 375 at 9:22 IST on BSE after net profit fell 2.75% to Rs 1,604.91 crore on 19.79% increase in total income to Rs 20,163.25 crore in Q3 December 2018 over Q3 December 2017.
Oil prices rise as Saudi Arabia cuts supply to United States
SINGAPORE (Reuters) - Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market.