Page 1165 - Business Finance

Rupee ends steady at 71.12/USD; focus on Fed policy, Union Budget

The rupee Wednesday ended almost flat at 71.12 against the US dollar as forex traders preferred to sit on the fence while awaiting cues from key upcoming events like US Fed policy and India's Union Budget. At the Interbank Foreign Exchange, the rupee opened on a weak note at 71.34 then fell further to 71.36 against the US dollar. The local unit, however, recouped most of its initial losses and settled for the day at Rs 71.12, lower by just 1 paisa over its previous close. During the day, the Indian currency had depreciated by 25 paise to 71.36 against the US dollar but gathered strength towards the fag-end of the session amid increased selling of the greenback by exporters ahead of the outcome of the Federal Open Market Committee (FOMC) meeting and Sino-US trade talks outcome. On Tuesday, the rupee had settled 1 paisa lower at 71.11 against the US dollar. "The Indian rupee traded marginally lower today. It remains the second worst performing emerging market currency in last one ...

Bharat Financial Inclusion standalone net profit rises 49.47% in the December 2018 quarter

Sales rise 41.19% to Rs 813.74 crore

Hawkins Cooker standalone net profit declines 0.16% in the December 2018 quarter

Sales rise 25.48% to Rs 174.70 crore

Welspun Enterprises consolidated net profit rises 177.43% in the December 2018 quarter

Sales rise 49.36% to Rs 446.45 crore

SORIL Infra Resources standalone net profit declines 80.05% in the December 2018 quarter

Sales decline 6.10% to Rs 37.58 crore

Prima Plastics standalone net profit declines 43.75% in the December 2018 quarter

Sales rise 38.42% to Rs 31.56 crore

Western Ministil reports standalone net loss of Rs 0.03 crore in the December 2018 quarter

Reported sales nil

Bliss GVS Pharma standalone net profit rises 12.50% in the December 2018 quarter

Sales rise 30.00% to Rs 95.63 crore

Bliss GVS Pharma consolidated net profit rises 44.20% in the December 2018 quarter

Sales rise 12.53% to Rs 220.43 crore

Thirani Projects reports standalone net loss of Rs 0.38 crore in the December 2018 quarter

Sales rise 260.00% to Rs 1.26 crore

Mangalam Industrial Finance reports standalone net loss of Rs 0.95 crore in the December 2018 quarter

Sales rise 136.25% to Rs 1.89 crore

NILE standalone net profit declines 67.39% in the December 2018 quarter

Sales decline 23.65% to Rs 154.60 crore

Rudra Global Infra Products standalone net profit declines 71.56% in the December 2018 quarter

Sales rise 18.26% to Rs 134.17 crore

Mumbai Metro to launch Instant Cashback from Feb 1

Reliance Infrastructure Ltd's Mumbai Metro One will launch an unique Instant Cashback scheme for commuters from February 1 to reward customers and popularize metro train usage, an official spokesperson said on Wednesday.

Polo Queen Industrial and Fintech standalone net profit declines 43.75% in the December 2018 quarter

Sales decline 50.99% to Rs 9.20 crore

Lynx Machinery & Commercials reports standalone net loss of Rs 0.14 crore in the December 2018 quarter

Reported sales nil

Onesource Ideas Venture reports standalone net loss of Rs 0.04 crore in the December 2018 quarter

Sales rise 100.00% to Rs 0.04 crore

Manraj Housing Finance reports standalone net loss of Rs 0.59 crore in the December 2018 quarter

Reported sales nil

Cinerad Communications reports standalone net loss of Rs 0.02 crore in the December 2018 quarter

Reported sales nil

Gyan Developers & Builders standalone net profit rises 150.00% in the December 2018 quarter

Sales rise 11.11% to Rs 0.40 crore