Page 1169 - Business Finance
Dixon Technologies (India) consolidated net profit rises 15.75% in the December 2018 quarter
Sales rise 16.70% to Rs 793.97 crore
Bajaj Auto consolidated net profit rises 20.49% in the December 2018 quarter
Sales rise 15.96% to Rs 7243.07 crore
JSW Energy consolidated net profit rises 211.78% in the December 2018 quarter
Sales rise 21.50% to Rs 2421.69 crore
Kolte Patil Developers reports consolidated net loss of Rs 21.68 crore in the December 2018 quarter
Sales decline 75.00% to Rs 72.25 crore
Heritage Foods consolidated net profit rises 15.94% in the December 2018 quarter
Sales rise 6.88% to Rs 618.76 crore
Dhampur Sugar Mills consolidated net profit rises 10.19% in the December 2018 quarter
Sales rise 2.62% to Rs 798.51 crore
Japan Nikkei falls ahead of US-China talks, Fed decision
Tokyo market came under pressure of position-squaring selling by investors who were waiting to see the outcomes of the U.S. Federal Reserve's policy-setting meeting ending later in the day and the ministerial-level trade talks between the United States and China in Washington through Thursday.
Australia Market gains on miners rally
All eyes are on a Federal Open Market Committee meeting ending Wednesday. Although the Fed is expected to leave its short-term interest rate unchanged, the nuances of a press conference by Chairman Jerome Powell will be closely watched.
Aluminium futures shed 0.04% on global cues, low demand
Aluminium prices eased 0.04 per cent to Rs 134.40 per kg in futures trade Wednesday as speculators were engaged in reducing their positions, tracking a weak trend overseas. Besides, fading demand from consuming industries at domestic spot market fulled the downtrend. At the Multi Commodity Exchange, aluminium for January declined 0.05 paise, or 0.04 per cent, to Rs 134.40 per kg in business turnover of 3,988 lots. On similar lines, the metal for April was trading down by 40 paise, or 0.29 per cent, to Rs 135.40 per kg in 95 lots. Meanwhile, aluminium slipped 0.5 per cent to USD 2,060 per tonne on the London Metal Exchange.
TRAI asks DTH firms to honour commitment on long-duration packs, if customer wants
Ahead of the looming February 1 deadline for switchover to the new broadcasting regime, telecom regulator Trai has asked DTH operators to honour pre-paid commitment on ongoing long-duration packs, if customer wishes to continue. Telecom Regulatory Authority of India (Trai) Chairman R S Sharma told PTI that there is no change in February 1 deadline for migration to the new tariff regime for broadcasting and cable services. Sharma asserted he remains "confident" of a smooth switchover on the stipulated day without any inconvenience to customers. Sharma also made it clear that if a DTH customer with existing long-duration pack wishes to exercise his channel choice mid-way (opt for specific channels under the new regime), then the balance money in customer wallet should be adjusted by the operator accordingly. Trai has unveiled the new tariff order and regulatory regime for the broadcast and cable sector, which would pave the way for consumers to opt for channels they wish to view, and ...
Investors brace for China tech funding 'down rounds'
HONG KONG (Reuters) - Investors are bracing for a series of "down rounds" in China's much-hyped tech sector as weak stock markets worldwide and the country's economic slowdown weigh on once-buoyant private markets.
Health insurer Anthem's fourth-quarter revenue rises 3 percent
(Reuters) - Anthem Inc reported a 3 percent rise in quarterly revenue on Wednesday as the health insurer benefited from premium rate increases.
IEA chief: Too early to assess impact of latest U.S. sanctions on Venezuela
NEW DELHI (Reuters) - The International Energy Agency (IEA) has yet to assess the impact of the latest U.S. sanctions on Venezuelan oil supplies, its executive director said on Wednesday.
Axis Bank shares end 5 pc higher; m-cap rises by Rs 7,745 cr after Q3 results
Shares of Axis Bank Wednesday ended nearly 5 per cent higher after the company reported over two-fold jump in its third quarter net profit. The shares of the bank rose 4.56 per cent to settle at Rs 690.90 on BSE. During the session, it advanced 6.38 per cent to Rs 703. On NSE, its shares closed with a gain of 4.57 per cent at Rs 691. Axis Bank was the biggest gainer on both the indices. Led by the gain in its share price, the company's market capitalisation jumped Rs 7,744.81 crore to Rs 1,77,563.81 crore on BSE. In terms of volume, 17.83 lakh shares of the company were traded on BSE and over 4 crore shares changed hands on NSE. Axis Bank Tuesday reported over two-fold jump in net profit to Rs 1,680.85 crore for the third quarter ended December 31. The bank had posted a net profit of Rs 726.44 crore in the corresponding period of the previous fiscal. The net interest income grew 18 per cent to Rs 5,604 crore in the third quarter this fiscal. Total income during the quarter under ...
NTPC posts net profit of Rs 2,385.41 cr in Dec quarter
State-run power giant NTPC posted a Rs 2,385.41-crore net profit in the December 2018 quarter, almost flat as compared to the year-ago period, mainly on account of higher fuel and borrowing costs. The company's standalone net profit was Rs 2,360.81 crore in the corresponding period of the previous fiscal, a BSE filing said. Its total income during the third quarter was Rs 24,308.01 crore, a rise of 15.27 per cent compared with Rs 21,087.84 crore a year ago. During the nine months up to December 2018 also, the company's net profit was nearly flat at Rs 7,399.57 crore, compared with Rs 7,417.58 crore in the year-ago period. During the April-December 2018, NTPC's total income was Rs 69,633.95 crore, an increase of 13.06 per cent as against Rs 61,590.12 crore in the year-ago period. The company has reported a net profit of Rs 10,343.17 crore for 2017-18 with total income of Rs 85,207.95 crore.
Quick Wrap: Nifty PSU Bank Index rises 1.92%
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China maintained a current account surplus in 2018: regulator
BEIJING (Reuters) - China retained a current account surplus in 2018 and it will remain basically balanced in future, the foreign exchange regulator said on Wednesday.
Analysis: Investors brace for China tech funding 'down rounds'
HONG KONG (Reuters) - Investors are bracing for a series of "down rounds" in China's much-hyped tech sector as weak stock markets worldwide and the country's economic slowdown weigh on once-buoyant private markets.
Bangladesh to sue Manila bank over $81 million cyber heist: central bank governor
DHAKA (Reuters) - Bangladesh will file a lawsuit in a U.S. court on Wednesday against Philippine bank Rizal Commercial Banking Corp (RCBC) over its role in one of the world's biggest cyber-heists, the Bangladesh central bank governor said.
Exclusive: U.S. regulator drops fine against Citi over fair-lending claims - sources
WASHINGTON (Reuters) - A top U.S. bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials had sought, two people familiar with the matter told Reuters.