Page 1213 - Business Finance
Mahindra & Mahindra Financial Services standalone net profit declines 19.60% in the December 2018 quarter
Sales rise 22.21% to Rs 2222.52 crore
Coromandel Engineering Company reports standalone net loss of Rs 3.02 crore in the December 2018 quarter
Sales rise 35.31% to Rs 9.35 crore
Tamboli Capital consolidated net profit declines 80.54% in the December 2018 quarter
Sales decline 3.55% to Rs 12.49 crore
Larsen & Toubro consolidated net profit rises 37.02% in the December 2018 quarter
Sales rise 24.22% to Rs 35708.87 crore
Outcome of board meeting of Kirloskar Brothers
Held on 25 January 2019
Alibaba slams U.S. treatment of Huawei, efforts to curb China's rise
HONG KONG (Reuters) - A senior Alibaba executive slammed the United States' treatment of China's Huawei Technologies as "extremely unfair", saying measures by the country to curb the firm's access to their markets was "very politically motivated".
Pakistan says Chinese loans coming in few days; Beijing silent
China on Friday evaded a question whether it was issuing fresh loans to Islamabad in the next few days as stated by Pakistan's Finance Minister.
Ascent Meditech appoints Hrithik Roshan as brand ambassador for Flamingo
Medical products maker Ascent Meditech Friday said it has appointed bollywood actor Hrithik Roshan as the brand ambassador for its flagship brand 'Flamingo'. Flamingo range of over 300 products are available in 47 countries globally, Ascent Meditech said in a statement. Ascent Meditech Founder and Managing Director Rajiv Mistry said: "We are proud that Hrithik Roshan has been an avid user of our products and now reposes his complete trust and faith in Flamingo products nurtured over decades of research and development." Ascent Meditech targets orthopaedic, healthcare, wound and injury markets through an extensive range of products.
Vakrangee consolidated net profit declines 98.50% in the December 2018 quarter
Sales decline 94.63% to Rs 96.79 crore
IND Renewable Energy standalone net profit rises 875.00% in the December 2018 quarter
Sales reported at Rs 0.03 crore
Cantabil Retail India standalone net profit rises 18.03% in the December 2018 quarter
Sales rise 43.15% to Rs 78.29 crore
Ashirwad Capital standalone net profit rises 25.00% in the December 2018 quarter
Sales rise 14.71% to Rs 0.39 crore
Kirloskar Brothers standalone net profit rises 41.76% in the December 2018 quarter
Sales rise 17.17% to Rs 518.00 crore
Keltech Energies standalone net profit declines 69.81% in the December 2018 quarter
Sales rise 5.94% to Rs 55.07 crore
Gold up as dollar eases; global growth concerns lend support
(Reuters) - Gold edged up on Friday as the dollar eased from a multi-week peak, with bullion seen consolidating in a narrow range supported by concerns about global growth and political uncertainties, including the U.S. government shutdown.
Cruise travel poised for exponential growth
The cruise travel business from India is likely to rise exponentially from two lakh passengers annually at present to 40 lakh a year within the next five to 10 years, representative of a top notch cruise shipping company said Friday. The 20-fold rise in passenger traffic will happen provided the industry gets a coherent cruise policy that would involve a favourable tax regime on cruise travel, Varun Chadha, chief operating officer of a company representing the Royal Caribbean Cruises, said. "At present, cruise travel attracts 18 per cent tax, which need to be rationalised to give boost to it," he said. Out of the two lakh travellers opting for cruise ship travel, around 40 to 45 per cent involve friends and family group travellers, while the rest is from the businesses, with companies taking their employees or distributors on a trip as incentive, he said. The rise in cruise travel will lead to creation of 2.5 lakh jobs and a revenue of Rs 35,000 crore, Chadha said ...
Yes Bank shares end nearly 3% higher
Shares of Yes Bank erased most of their early gains due to profit-booking and ended nearly 3 per cent higher Friday, following the lender's announcement to appoint Ravneet Singh Gill's as managing director and CEO. Its stock rose as much as 10.49 per cent to Rs 236.30 during the intra-day trade, but settled the day with a gain of 2.71 per cent at Rs 219.65 apiece. Yes Bank was the biggest gainer in the BSE Sensex pack. On the NSE, shares of the company closed at Rs 219.95, up 2.11 per cent. In terms of volume, 145.28 lakh shares of the company were traded on the BSE and over 18 crore units changed hands on the NSE during the day. On Thursday, its shares had soared by over 9 per cent following the announcement of new CEO's appointment. Ending months of speculation over who will succeed Rana Kapoor, Yes Bank named Deutsche Bank's India head Gill as the next MD and chief executive. Incumbent Kapoor, who is also a co-promoter of the private sector lender, was asked to step down by the ...
Lacklustre debut for Spencers Retail, CESC Ventures
RP Sanjiv Goenka group's demerged companies from its flagship firm CESC, into Spencers Retail and CESC Ventures, made lukewarm debuts on bourses Friday but the companies' management is hopeful of better show going forward. Both Spencers Retail and CESC Ventures hit their respective 5 per cent lower circuits but group chairman Sanjiv Goenka is optimistic about Spencers Retail growth and profitability. Goenka said that in the first half of the current fiscal Spencers had posted Rs 5.2 crore profit before tax and is a debt free company. Going forward, the company would focus on profitability with a strategy that emphasises on private label, apparel business including expanding standalone apparel brand stores and strong omni-channel presence, among others. As of now, private labels account for 13 per cent of total business of Spencers. Spencers has already opened 19 stores while 9 more are in the offing this fiscal. More stores would be opened in a calibrated manner to ...
Fervent Synergies reports standalone net profit of Rs 0.82 crore in the December 2018 quarter
Sales rise 1158.33% to Rs 12.08 crore
Duncan Engineering reports standalone net profit of Rs 0.07 crore in the December 2018 quarter
Sales rise 16.31% to Rs 11.27 crore