Page 1303 - Business Finance
Reliance Infrastructure Ltd leads losers in 'A' group
TV18 Broadcast Ltd, Sun Pharmaceuticals Industries Ltd, Gateway Distriparks Ltd and Just Dial Ltd are among the other losers in the BSE's 'A' group today, 17 January 2019.
Exclusive: India's e-commerce curbs could hit online sales by $46 billion by 2022 - PwC draft analysis
NEW DELHI (Reuters) - India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters.
Nila Spaces Ltd leads losers in 'B' group
NRB Industrial Bearings Ltd, Tainwala Chemicals & Plastics (India) Ltd, Nu Tek India Ltd and Manaksia Aluminium Company Ltd are among the other losers in the BSE's 'B' group today, 17 January 2019.
Significant rise in Kolkata Metro passenger count, earnings
The Metro Railway's passenger count and earnings have increased significantly in the 9.5 months of the current financial year, compared to the corresponding period in 2017-18, an official said Thursday. During the period from April 1, 2018 to January 15, 2019, the Metro Railway carried 17 crore passengers, which is 3.5 per cent higher than 16.43 crore passengers ferried during the same period in the previous financial year, Metro spokesperson Indrani Banerjee said. Earnings of the city Metro, which has the lowest fare structure among all Metro railways in the country, have also gone up in these 9.5 months from Rs 156.15 crores last year to Rs 162.7 crores this year which is an increase of 4.19 per cent, Banerjee added.
FICCI suggests cut in repo rate, CRR at a meeting called by RBI Governor Shaktikanta Das
FICCI says reviving investment cycle will also boost consumption and support growth
Federal Bank standalone net profit rises 28.31% in the December 2018 quarter
Total Operating Income rise 18.12% to Rs 2954.41 crore
Indiabulls Ventures consolidated net profit rises 121.95% in the December 2018 quarter
Sales rise 108.35% to Rs 557.83 crore
Chowgule Steamships reports standalone net loss of Rs 0.79 crore in the December 2018 quarter
Reported sales nil
Volumes spurt at Brigade Enterprises Ltd counter
Brigade Enterprises Ltd registered volume of 11.9 lakh shares by 14:14 IST on NSE, a 15.4 fold spurt over two-week average daily volume of 77288 shares
Japan Stocks mixed on profit booking
Shares in banks and other financial firms climbed on tracking gains in their US counterparts. Sumitomo Mitsui Financial Group rose 0.9%, Mitsubishi UJF Financial Group gained 0.8% and Shinsei Bank added 1%. Nomura Holdings rose 4% and Daiwa Securities Group climbed 1.2%.
Australia Stocks hit two months peak
Shares in materials and resources advanced on firmer commodity prices, with diversified miner South32 leading rally, up 2.3%, after its second-quarter coking coal output nearly doubled.
Indices regain positive zone in volatile trade
Volatility ruled the roost in mid-afternoon trade as the key indices reversed losses soon after hitting intraday low. At 14:29 IST, the barometer index, the S&P BSE Sensex, was up 50.18 points or 0.14% at 36,371.47. The Nifty 50 index was up 14.10 points or 0.13% at 10,904.40.
Sanwaria Consumer gets upgradation in ratings for bank facilities
From Brickwork Ratings
Mishra Dhatu Nigam signs MoU with TUBACEX
To pursue joint business opportunities in field of manufacturing technologies for power generation and oil & gas applications
May need more currency as GDP size increasing: RBI official
With the country's GDP size increasing in quantitative terms, there could be need for more currency in the economy, a Reserve Bank of India official said Thursday. Following demonetisation in November 2016, when the government junked high value currency notes of denominations 500 and 1,000, there was a shrinkage in currency in the system. Now, with the growth in Gross Domestic Product (GDP), "there may be a need for more currency in the system," the RBI official said during an interactive session here. Post-demonetisation, the government re-introduced Rs 500 banknote but the Rs 1,000 currency note was discontinued. However, the RBI introduced banknotes of denomination 2,000 during the period. The central bank official said there has been a decline in counterfeit notes and whatever is in circulation at present is "very crude counterfeiting". "The bank will also be issuing more security features in the currency for which pre-qualification bid notice has been floated," he .
Aluminium futures up 0.11% on spot demand, global cues
Aluminium prices inched up 0.11 per cent to Rs 132.40 per kg in futures trade Thursday as speculators created fresh positions amid rising spot demand and positive overseas trend. At the Multi Commodity Exchange, aluminium for delivery in February edged up by 25 paise, or 0.11 per cent, to Rs 132.40 per kg in 481 lots. Analysts said positions built up by participants on the back of rising demand from consuming industries in the physical markets, coupled with positive global cues, led to the rise in aluminium prices.
Federal Bank Q3 net profit rises 28 pc to Rs 334 cr
Private sector lender Federal Bank Thursday posted a 28.3 per cent increase in net profit at Rs 333.63 crore for the third quarter ended December 31, 2018. The bank had recorded a net profit of Rs 260 crore in the corresponding quarter of the previous financial year. The total income of the lender also improved to Rs 3,299.96 crore during the third quarter as against Rs 2,729.83 crore in the year-ago period, Federal Bank said in a regulatory filing. Gross non-performing assets (NPAs) rose to 3.14 per cent of the total advances during the quarter, compared with 2.52 per cent at the end of the third quarter of 2017-18. Net NPAs of the bank also increased to 1.72 per cent of the total assets in October-December 2018, against 1.36 per cent a year ago.
Aye Finance raises USD 10Mn from responsAbility and Northern Arc
Aye Finance, the CapitalG backed fintech lender, on Thursday announced raising funds worth USD 10 million in debt funding from leading global impact investment manager, responsAbility and Northern Arc.With this latest funds, Aye aims to gear up and bolster its lending portfolio and offer affordable business loans to a larger number of microenterprises in India.Micro enterprises are at the bottom of the MSME hierarchy of businesses and Aye's mission is linked to raising this financially excluded sector and bringing it into the folds of organized finance.The MSME lender has designed its acquisition and credit assessment processes that mirrors the comfort of the micro entrepreneur, and is fast emerging as the leader in micro lending space having disbursed over Rs. 1250 crores to over 1,00,000 customers."We have established that our unique Cluster Based Credit Assessment methodology has the capability to scale up rapidly while delivering good value to our customers. And despite the ...
Silver futures surge 0.11% on global cues
Silver futures traded higher by 0.11 per cent at Rs 39,635 per kg Thursday after speculators raised bets, driven by a firm trend overseas. Silver for delivery in March traded higher by Rs 43, or 0.11 per cent, at Rs 39,635 per kg in a business turnover of 17,247 lots at the Multi Commodity Exchange. In a similar manner, the white metal to be delivered in May, too, rose by Rs 16, or 0.04 per cent, to Rs 40,152 per kg in 2,269 lots. Analysts said widening of positions by traders, in sync with a firm trend in global markets for precious metals, influenced silver prices in futures trade here. In the international market, however, silver traded lower at USD 15.53 an ounce in Singapore.