Page 1168 - Business Finance

Adani, Welspun to set up Logistics Parks separately in Hyd'bad

The Adani Group and textile major Welspun Group are in the process of setting up two separate Logistics Parks here, a senior government official said here Wednesday. Jayesh Ranjan, principal secretary, Telangana IT and Industries, said these parks, to be set up separately by th firms, have attracted the attention of some major global and domestic logistics players. He said the government's 'investment friendly' industrial policy TS iPass, coupled with the fact that the state is geographically located at an ideal place in the country, among others, made it ideal for logistics management for firms. The official, speaking on the sidelines of FICCI's National Executive meeting here, said Telangana has so far received investment proposals worth USD 21 billion in the last four and half years with a 60 per cent conversion rate. Ranjan also said hospitality firm OYO planned to expand some of its B2B activities like wedding and holiday packages at its technology centre here.

3.5 million mobile phones produced in Andhra every month: Governor

One in every 5 mobile handsets produced in India is now Made in Andhra and over 3-3.5 million phones are produced every month in the state today, Governor E.S.L. Narasimhan said on Wednesday.

Britain's banks face funding crunch as Brexit looms

LONDON (Reuters) - A funding crunch is squeezing British banks' profits and hitting their share prices, as the threat of a disorderly Brexit and the end of cheap cash from the Bank of England begin to bite.

Diligent Media Corporation reports standalone net loss of Rs 11.66 crore in the December 2018 quarter

Sales decline 21.59% to Rs 27.38 crore

BF Investment reports standalone net profit of Rs 3.71 crore in the December 2018 quarter

Sales rise 22.43% to Rs 5.35 crore

Ashoka Buildcon standalone net profit rises 32.33% in the December 2018 quarter

Sales rise 61.65% to Rs 1065.12 crore

GP Petroleums standalone net profit declines 16.78% in the December 2018 quarter

Sales decline 7.55% to Rs 160.93 crore

Integra Telecommunication & Software reports standalone net loss of Rs 0.03 crore in the December 2018 quarter

Reported sales nil

NTPC standalone net profit rises 1.04% in the December 2018 quarter

Sales rise 16.11% to Rs 24120.36 crore

Dai-ichi Karkaria reports standalone net loss of Rs 4.88 crore in the December 2018 quarter

Sales decline 47.27% to Rs 24.11 crore

Astra Microwave Products standalone net profit declines 88.83% in the December 2018 quarter

Sales decline 13.20% to Rs 74.89 crore

Aviva Industries reports standalone net loss of Rs 0.04 crore in the December 2018 quarter

Reported sales nil

Machino Plastics standalone net profit declines 96.81% in the December 2018 quarter

Sales decline 2.86% to Rs 72.33 crore

GMM Pfaudler standalone net profit rises 48.71% in the December 2018 quarter

Sales rise 33.25% to Rs 105.59 crore

TTK Healthcare standalone net profit declines 60.16% in the December 2018 quarter

Sales rise 2.09% to Rs 149.05 crore

Future Market Networks standalone net profit declines 72.76% in the December 2018 quarter

Sales rise 34.70% to Rs 26.63 crore

Gujarat Pipavav Port standalone net profit rises 4.48% in the December 2018 quarter

Sales rise 7.41% to Rs 174.73 crore

Samkrg Pistons & Rings standalone net profit declines 4.10% in the December 2018 quarter

Sales rise 4.09% to Rs 72.86 crore

Simplex Realty reports standalone net profit of Rs 4.03 crore in the December 2018 quarter

Sales decline 79.70% to Rs 0.82 crore

Mahindra Logistics consolidated net profit rises 29.11% in the December 2018 quarter

Sales rise 17.49% to Rs 981.12 crore