Page 1264 - Business Finance
Nissan wheels in Kicks SUV at Rs 9.55 lakh
Japanese automaker Nissan Tuesday launched its new SUV model Kicks in India, priced between Rs 9.55 lakh and Rs 14.65 lakh (ex-showroom). The new model, designed specifically for the Indian market, will be available in petrol and diesel fuel options powered by 1.5 litre engines. Kicks will compete with the likes of Hyundai Creta and S-Cross from Maruti Suzuki, which are priced in the range of Rs 8.85 lakh and Rs 15.1 lakh. Commenting on the new model launch, Nissan Motor Co Senior Vice President and Chairman of management committee for Africa, Middle East and India Peyman Kargar said the vehicle reflects company's commitment to bring the best of Nissan global products and technology to India. "Our research and development (R&D) and design teams in India developed the SUV in collaboration with our teams in Japan, America and Brazil," he added. Nissan India Operations President Thomas Kuehl said, with its progressive design, the Kicks will stand out in the competitive SUV segment in
Sun Pharma rises 6% after replacing domestic formulations distributor with its own subsidiary
Shares of Sun Pharmaceuticals Tuesday surged over 6 per cent after it replaced its domestic formulations distributor Aditya Medisales with its own subsidiary in the backdrop of a second whistleblower complaint filed against the company. On BSE, the stock gained 6.12 per cent to Rs 422.75. Similarly, on NSE, the stock rallied 6.32 per cent to its intra-day high of Rs 423.50. The stock closed with nearly 2 per cent gains on Monday. "Sun Pharma's distribution related to India's domestic formulations business shall be transitioned from Aditya Medisales Ltd., the current distributor, to a wholly-owned subsidiary of Sun Pharma," the company said in a regulatory filing. Sun Pharma said this change will be made effective by first quarter of 2019-20, post receipt of all requisite regulatory approvals. The company also announced unwinding of a transaction amounting to Rs 2,238 crore with Atlas Global Trading and initiated steps to induct S R B C & Co LLP, its statutory auditors, as auditors
Gold near three-week lows as firmer dollar dents safe-haven appeal
(Reuters) - Gold prices held steady on Tuesday, hovering near a three-week low touched in the previous session, as a strong dollar limited gains for the safe-metal, which was drawing support from mounting concerns of a global economic slowdown.
Oil prices drop as China economic slowdown threatens to spread
SINGAPORE (Reuters) - Oil prices fell on Tuesday on signs that an economic slowdown in China, the world's second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand.
TomTom to sell Telematics unit to Bridgestone for $1.03 billion
AMSTERDAM (Reuters) - TomTom, the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet management business, to Japan's Bridgestone for 910 million euros ($1.03 billion).
NIIT Technologies Ltd up for five straight sessions
NIIT Technologies Ltd is quoting at Rs 1291, up 1.73% on the day as on 12:44 IST on the NSE. The stock is up 64.72% in last one year as compared to a 1.79% fall in NIFTY and a 13.64% fall in the Nifty IT.
TVS Motor third-quarter profit rises about 16 percent, beats estimates
(Reuters) - Indian auto manufacturer TVS Motor Co Ltd posted a better-than-expected rise in third-quarter profit on Tuesday, aided by higher sales of its two- and three-wheeler vehicles.
Drone disruption at Gatwick hits easyJet operations and costs
LONDON (Reuters) - British budget airline easyJet said on Tuesday that drone disruption at London's Gatwick airport in December had cost it millions of pounds in lost operating revenue and additional costs.
Exclusive: Tesla says it received battery quotes from China's Lishen but no deal agreed
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.
Hugo Boss sales accelerate in key Christmas quarter
BERLIN (Reuters) - German fashion house Hugo Boss predicted more expansion this year after it saw sales growth pick up at the end of 2018, helped by strong growth in China, Britain and France and as well as online.
Coromandel International slides after poor Q3 result
Coromandel International fell 2.03% to Rs 430.20 at 12:35 IST on BSE after consolidated net profit declined 14.49% to Rs 154.32 crore on 11.4% rise in total income to Rs 3,060.67 crore in Q3 December 2018 over Q3 December 2017.
UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead
ZURICH (Reuters) - UBS on Tuesday posted a $862 million fourth-quarter pre-tax profit, hit by a slowdown in its flagship wealth management business and weaker earnings in its investment bank.
China's thirst for cognac helps Remy third-quarter sales beat forecasts
PARIS (Reuters) - French spirits group Remy Cointreau delivered stronger-than-expected third quarter revenues, as the early timing of the Chinese New Year boosted premium cognac sales while demand was also robust in the United States.
Corrected: UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead
ZURICH (Reuters) - UBS on Tuesday posted a $862 million fourth-quarter pre-tax profit, hit by a slowdown in its flagship wealth management business and weaker earnings in its investment bank.
As China's economy falters, some fund managers look to bonds
HONG KONG/SHANGHAI (Reuters) - Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye.
China's thirst for cognac helps Remy Q3 sales beat expectations
PARIS (Reuters) - French spirits group Remy Cointreau reported stronger-than-expected third quarter revenues, as the early timing of the Chinese New Year boosted premium cognac sales while demand was also robust in the United States.
Ruby Mills Ltd leads gainers in 'B' group
Dhunseri Investments Ltd, Patspin India Ltd, Ambition Mica Ltd and Visa Steel Ltd are among the other gainers in the BSE's 'B' group today, 22 January 2019.
Confidence Futuristic Energetech reports standalone net profit of Rs 0.01 crore in the December 2018 quarter
Sales rise 8550.00% to Rs 3.46 crore
Aspira Pathlab & Diagnostics reports standalone net loss of Rs 1.23 crore in the December 2018 quarter
Sales rise 65.08% to Rs 2.08 crore
Bhageria Industries standalone net profit rises 6.94% in the December 2018 quarter
Sales rise 23.65% to Rs 112.03 crore