Page 1176 - Business Finance
Strides arm buys 80% stake in Canadian generics firm
Drug maker Strides Pharma Science Ltd on Tuesday said its Canadian subsidiary acquired 80 per cent equity stake in Canada-based generics frim Pharamapar for $3 million (Rs 21 crore).
Sensex ends lower over caution over budget, global cues (Roundup)
Concerns over a rise in US-China trade tensions along with caution ahead of the interim budget kept the major equity indices in a tight range and eventually led them to end on a flat-to-negative note on Tuesday.
Yes Bank promoter groups to nominate one director each on Bank's Board
Yes Bank on Tuesday said its two promoter groups -- Madhu Kapur Group and Rana Kapoor Group -- have agreed to nominate one representative Director each on the Bank's Board.
Income Tax department draws bead on hawala operator behind Rapid Metro Gurgaon
Income Tax authorities recently issued summons and a show-cause notice to IL&FS Rail Ltd. After a search operation, various incriminating documents and digital data were found and seized from the premises of IL&FS Rail Ltd in Gurgaon.
Axis Bank's Q3 net profit rises 131%
Lending major Axis Bank on Tuesday reported an exponential growth of 131 per cent in its year-on-year net profit for the third quarter of 2018-19.
Consultant may be hired for merger of 3 PSU insurers by next month
A consultant is expected to be appointed by next month for facilitating the proposed merger of three state-owned general insurers -- National Insurance Company, Oriental India Insurance Company and United India Assurance.
Bella Thorne 'depressed' by social media
Actress Bella Thorne says social media makes her "depressed" and "uncomfortable", despite spending most nights scrolling through her accounts.
FACT net worth 'fully eroded' - a look at the trail of erosion
The net worth of Fertilisers and Chemicals Travancore (FACT) was declared as "completely eroded" by its auditor on Tuesday, resulting in a 15 per cent slump in its share price.
Race for insolvent Essar Steel far from over
Given the Supreme Court's recent ruling on the prospect of promoters regaining control of their insolvent assets, the race for bankrupt Essar Steel may be far from over despite the National Company Law Tribunal (NCLT) rejecting Ruias' plea on Tuesday.
EOW issues notices to 300 brokers in NSEL case, panic grips market (IANS Exclusive)
In the ongoing investigation into the working of NSEL (National Spot Exchange Limited), the Economic Offences Wing has issued notices to 300 brokers after market regulator SEBI filed an FIR against them, sources told IANS on Tuesday.
Fresh twist to Leela sale saga (IANS Special)
As reported earlier by IANS, Dubai billionaire Rashid Al Habtoor had made a bid of Rs 4,200 crore for the stressed asset. With four top-of-the-line properties -- Delhi's Chanakyapuri, Bangalore, Chennai and Udaipur nestled along Lak Pichola's banks -- up for grabs, the race is getting murky.
NCLT rejects Ruias bid to regain control of Essar Steel
The National Company Law Tribunal (NCLT), Ahmedabad bench, on Tuesday rejected the Essar promoters plea to repay their debt and withdraw Essar Steel from the insolvency proceedings, giving advantage to ArcelorMittal in the race.
Apple posts $84.3 bn in revenue, iPhone sales drop 15%
Despite slow iPhone sales, Apple posted $84.3 billion in revenue for the first quarter of its fiscal 2019 -- a decline of 5 per cent from the year-ago quarter -- while revenue from its other products and services grew 19 per cent.
HCL net up 19% in Q3
Software major HCL Technologies on Tuesday reported Rs 2,611 crore consolidated net profit for the quarter (Q3) of fiscal 2018-19, registering 19 per cent annual growth from Rs 2,194 crore for the same period a year ago.
Axis Bank jumps after robust Q3 results
Axis Bank rose 4.30% to Rs 689.20 at 9:17 IST on BSE after net profit rose 131.38% to Rs 1680.85 crore on 26.66% increase in total income to Rs 18130.42 crore in Q3 December 2018 over Q3 December 2017.
Stocks may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18 points at the opening bell. Bajaj Auto, ICICI Bank, Indian Oil Corporation and NTPC will announce October-December 2018 quarterly results today, 30 January 2019.
Axis Bank in focus after Q3 results
Axis Bank's net profit rose 131.38% to Rs 1680.85 crore on 26.66% increase in total income to Rs 18130.42 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours yesterday, 29 January 2019.
Sanctions on Venezuela's oil firm sends U.S. refiners scrambling
(Reuters) - Venezuela's revenues from oil sales to the United States have come under severe threat as sweeping sanctions on Venezuelan state-owned oil firm has sent U.S. buyers scrambling for replacements.
Oil dips as gloomy economic outlook outweighs Venezuela supply concerns
SINGAPORE (Reuters) - Oil prices dipped on Wednesday amid a cloudy outlook for the global economy, but traders said declines were reined in by worries over disruptions to supply from U.S. sanctions on Venezuelan fuel exports.
Oil stable as economic outlook weighs, Venezuela concerns support
SINGAPORE (Reuters) - Oil prices were stable on Wednesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from U.S. sanctions on Venezuelan exports.