Page 1262 - Business Finance
Hugo Boss shares rise on wholesale, retail acceleration
BERLIN (Reuters) - Shares in German fashion house Hugo Boss jumped on Tuesday after it reported sales growth picked up at the end of 2018 across its stores, online and at its wholesale business, which benefited from a shift in deliveries to the quarter.
UBS sees bumpy road ahead after fourth-quarter profit miss
ZURICH (Reuters) - UBS warned of a tough start to 2019 after fourth-quarter earnings fell short of expectations in conditions Chief Executive Sergio Ermotti described as "historically tough".
Farm loan waivers to raise states' fiscal deficit: India Ratings
Farm loan waivers and other schemes declared by states will raise their aggregate fiscal deficit next year but will not pose a major risk to their total debt burden, India Ratings and Research (Ind-Ra) said in a report.
Exclusive: Tesla says it received battery quotes from China's Lishen but no deal signed
BEIJING (Reuters) - Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.
Davos: China's exports "not very encouraging" - senior official
DAVOS, Switzerland (Reuters) - China's export figures from December were "not very encouraging" but Beijing has plenty of room to deploy measures to spur economic growth, a senior official of the the country's securities regulatory body said on Tuesday.
Havells India Q3 net flat at Rs 195.67 cr
Electrical goods maker Havells India Tuesday reported a 0.67 per cent rise in standalone net profit at Rs 195.67 crore for the quarter ended December 2018. The company had posted a net profit of Rs 194.36 crore during the October-December quarter of the previous fiscal. Total income during the quarter under review stood at Rs 2,551.4 crore as against Rs 1,993.53 crore in the year-ago period, Havells India said in a regulatory filing. Revenue from switchgear division was Rs 416.2 crore as against Rs 344.3 crore in the third quarter of the financial year 2017-18. The cable division revenue grew to Rs 820.3 crore as compared to Rs 625.6 crore in the year-ago period. Revenue from lighting and fixtures division was Rs 369.51 crore as against Rs 287.10 crore in the same period last year. The electrical consumer durables revenue grew to Rs 555.2 crore as compared to Rs 415.8 crore, the company said. The company's stock was trading 4.68 per cent up at Rs 709.60 apiece on BSE.
OLX strengthens presence in India's real estate, doubles its business seller base in 2018
OLX, India's largest online classifieds marketplace for Auto, Real Estate and Goods and Services with 40 million monthly active users, has strengthened its position in the real estate category with strong business growth witnessed in 2018.It has witnessed tenfold increase in average ticket size of projects listed on the platform from Rs 20 lac to Rs 2 crore and reveals its business plans to expand to 25 cities in India backed by doubling the headcount of the sales team in 2019.Riding on the back of this growth, OLX has also doubled its revenue from business listers on the platform especially from premium developers who list high-value projects upwards of Rs 1cr+. Business listers on OLX have also doubled their spends in 2018 vs 2017, showcasing OLX as a preferred marketing channel for the real estate industry in India.Commenting on the occasion, Sunny Kataria, VP, Real Estate Category, OLX India said, "After having built a deep understanding of the market, we are focused on ...
Amid global slowdown, India's economy continues to clock fastest growth
"India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease," it said in the World Economic Outlook Update.As the rest of the world slumps, India will continue to be the world's fastest growing major economy, said the report released in Davos on Monday.The IMF's flagship report said India's growth is estimated to be 7.3 per cent in the current fiscal and forecast to rise to 7.7 per cent in 2020-21."Global expansion has weakened," it said. For 2018, the global growth is estimated at 3.7 per cent as in the October World Economic Outlook, despite weaker performance in some economies -- notably Europe and Asia.The global economy is projected to grow at 3.5 per cent in 2019 and 3.6 per cent in 2020, 0.2 and 0.1 percentage point below last October's projections. The global growth forecast for 2019 and 2020 had already been revised downward in the last WEO, partly because of the
Automotive Stampings & Assemblies Ltd leads losers in 'B' group
Ponni Sugars (Erode) Ltd, Bhageria Industries Ltd, Nila Spaces Ltd and Vivimed Labs Ltd are among the other losers in the BSE's 'B' group today, 22 January 2019.
Shree Cement Q3 down 9.6 pc to Rs 301 cr
Shree Cement on Tuesday reported a decline of 9.61 per cent in its standalone net profit to Rs 301.29 crore for the third quarter ended December 2018. The company had posted a net profit of Rs 333.33 crore in the October-December quarter a year ago, Shree Cement said in a BSE filing. However, its total income was up 18.65 per cent to Rs 2,835.94 crore during the quarter under review as against Rs 2,390.01 crore in the corresponding period of the last fiscal. Total expenses rose to Rs 2,465.97 crore as against Rs 1,963.84 crore earlier, up 25.56 per cent. Its revenue from cement was up 16.32 per cent to Rs 2,559.38 crore, while revenue from the power segment climbed 43.77 per cent to Rs 502.60 crore. Meanwhile, in a separate filing, Shree Cement informed the exchanges that its board in a meeting held on Tuesday declared an interim dividend of Rs 25 per equity share of Rs 10 each for FY 2018-19. Shares of Shree Cement were trading at Rs 15,667.85 apiece on BSE, down 0.11 per cent.
Volumes spurt at Blue Dart Express Ltd counter
Blue Dart Express Ltd registered volume of 1.14 lakh shares by 14:14 IST on NSE, a 63.25 fold spurt over two-week average daily volume of 1810 shares
Eros International Media Ltd stays in bearish mode
Eros International Media Ltd is quoting at Rs 78.8, down 1.38% on the day as on 13:19 IST on the NSE. The stock jumped 5.13% in last one year as compared to a 1.74% slide in NIFTY and a 34.04% fall in the Nifty Media index.
Sun TV Network Ltd continues to see selling
Sun TV Network Ltd is quoting at Rs 512, down 0.02% on the day as on 13:19 IST on the NSE. The stock tumbled 50.79% in last one year as compared to a 1.74% slide in NIFTY and a 34.04% fall in the Nifty Media index.
ITC Ltd stays weak
ITC Ltd is quoting at Rs 287, down 1% on the day as on 13:19 IST on the NSE. The stock jumped 3.76% in last one year as compared to a 1.74% slide in NIFTY and a 9.24% spurt in the Nifty FMCG index.
Shriram Transport Finance Company Ltd falls for fifth straight session
Shriram Transport Finance Company Ltd is quoting at Rs 1100.3, down 1.29% on the day as on 13:19 IST on the NSE. The stock tumbled 25.09% in last one year as compared to a 1.74% slide in NIFTY and a 4.05% spurt in the Nifty Financial Services index.
Sensex, Nifty pare losses
Key equity indices pared losses in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 172 points or 0.47% at 36,406.96. The Nifty 50 index was down 62.10 points or 0.57% at 10,899.75. The Nifty was trading below 10,900 mark after slipping below that mark in mid-morning trade.
Asian Paints third-quarter profit jumps 14.6 percent, beats estimate
(Reuters) - India's Asian Paints Ltd posted a 14.6 percent rise in third-quarter net profit on Tuesday, beating estimate, buoyed by strong performances in its paints manufacturing vertical.
Foxconn says trying to hire 50,000 people in first quarter after job cut reports
TAIPEI (Reuters) - Taiwan's Foxconn, assembler of Apple Inc's iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs.
Jana Small Finance Bank Offers Special Rate 9.75% on Fixed Deposit for Senior Citizens, Celebrating Republic Day
/ -- Jana Small Finance Bank is offering 9.75% interest on Fixed Deposit (FD) to senior citizens for one week, from January 22 to January 28, 2019, on 70thRepublic Day of India. (Photo: https://mma.prnewswire.com/media/811444/Jana_Small_FD_Interest.jpg ) (Photo: https://mma.prnewswire.com/media/811445/Jana_Small_Interest_Rates.jpg ) Since inception, Jana Small Finance Bank's sole purpose has been to offer value on hard-earned money of its customers. The Republic Day offer is in line with this objective. The senior citizens will benefit from high interest rate of 9.75% on the tenure of three years. The bank is also providing Doorstep Account Opening services, so that the customers can open fixed deposits and savings accounts from the comfort of their home and workplace. Besides, it is also offering 9.25% interest rate to all its customers on three-year Fixed Deposit with no premature withdrawal. Mr. Ajay Kanwal, MD & CEO, Jana Small Finance Bank said, "Every citizen of India has ..
Cipla Ltd extends losses
Cipla Ltd is quoting at Rs 506.15, down 0.61% on the day as on 13:19 IST on the NSE. The stock tumbled 18.67% in last one year as compared to a 1.74% slide in NIFTY and a 9.39% fall in the Nifty Pharma index.