Page 1367 - Business Finance
Uniqlo owner blames warm winter for profit fall, predicts tough second quarter
TOKYO (Reuters) - Fast Retailing Co Ltd, the owner of Uniqlo, posted a surprise drop in profit as unseasonably warm weather hit sales of winter clothes, and outlined a tough second quarter as it offloads the inventory at a discount.
Oil drops 1 percent on U.S.-China trade talks, American supply surge
LONDON (Reuters) - Oil prices fell more than 1 percent on Thursday due to the lack of any clear resolution to U.S.-China trade talks and official data that again indicated vast fuel stocks in the United States.
Alpha Hi-Tech Fuel reports standalone net loss of Rs 0.01 crore in the December 2018 quarter
Reported sales nil
Delta Corp consolidated net profit rises 12.94% in the December 2018 quarter
Sales rise 26.91% to Rs 205.81 crore
Hong Kong filings show Thailand's Yingluck has Cambodian passport
Fugitive former Thai premier Yingluck Shinawatra used a Cambodian passport to register a company in Hong Kong, records show, lending weight to reports she used the neighbouring kingdom to make her dramatic escape from her homeland. The former prime minister was also recently named chair of a Chinese port operator in Guangdong province, mainland corporate filings seen by AFP reveal, as her family's political dynasty grow their business presence in southern China. Yingluck and her billionaire brother Thaksin Shinawatra were both elected prime minister but were toppled in coups -- Thaksin in 2006 and Yingluck in 2014. Although they live in self-exile, the duo retain significant support in rural and poorer parts of Thailand, a politically troubled kingdom which is due to go to the polls later this year after five years of military rule. Yingluck went on the run in August 2017 during a graft case where she was convicted of running a rice subsidy scheme that cost Thailand billions of ...
Bandhan Bank standalone net profit rises 10.40% in the December 2018 quarter
Total Operating Income rise 40.00% to Rs 1649.55 crore
Flexituff International standalone net profit rises 495.14% in the December 2018 quarter
Sales rise 17.45% to Rs 311.23 crore
Goa Carbon reports standalone net loss of Rs 4.91 crore in the December 2018 quarter
Sales decline 49.48% to Rs 94.27 crore
GST exemption limit doubled to give relief to small businesses
In a bid to give relief to small businesses, the GST Council Thursday doubled the exemption limit and raised the threshold for availing the composition scheme. The GST Council doubled the GST exemption limit to Rs 20 lakh for north eastern states and Rs 40 lakh for the rest of the country, Finance Minister Arun Jaitley told reporters here. The scope of the GST Composition Scheme, under which small traders and businesses pay a small tax based on turnover rather than value addition, was raised to Rs 1.5 crore from Rs 1 crore. The twin move would give relief to micro, small and medium enterprises (MSMEs), he said. The council also allowed Kerala to levy 1 per cent calamity cess on intra-state sales for a period of up to two years. On including real estate and lottery under the Goods and Services Tax, the council decided for form a seven-member group of ministers after differences of opinion emerged at the meeting, he said.
India doubles tax exemption limit for small businesses: Arun Jaitley
NEW DELHI (Reuters) - India will exempt small businesses with annual sales of up to 4 million rupees ($56,701) from paying taxes under a national sales tax, finance minister Arun Jaitley said on Thursday, a move aimed at wooing a key voting group ahead of a national election.
Debenhams looking for fresh funding, Christmas sales weak
LONDON (Reuters) - British department store group Debenhams is in talks with lenders and looking to bring in new sources of funding as it battles for survival following another plunge in sales.
Arvind SmartSpaces to invest Rs 250cr in 2019
Arvind SmartSpaces, the realty arm of fashion and apparel brand Arvind, Thursday said it plans to invest Rs 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities, its CEO and managing director Kamal Singal said. "There is a strong and healthy project pipe line consistent with our growth expectations and plans which will hit the market in the coming quarters. We are launching residential project in Pune next month and our first commercial project is in Bengaluru in the next quarter. We are also evaluating other markets such as Hyderabad for potential opportunities," he said. In Pune, the company is developing a residential project 'Arvind Elan' spread across two acres of land with a developable area of 1.5 lakh sq ft, which will be completed in three years. This project will mark the foray of the company in Maharashtra. In Bengaluru, the ...
China says trade talks with US were extensive, promoted mutual understanding
China on Thursday said that the just-concluded round of talks with the US to end a trade war were extensive and established a foundation for the resolution of each others' concerns, echoing positive sentiments expressed by American negotiators. Trade tensions between the world's two largest economies escalated last year, putting global stock markets on edge. The US announced tariffs on USD 250 billion worth of Chinese goods, while China countered with its own. A US delegation arrived in Beijing on Monday for the first face-to-face dialogue with Chinese officials since President Donald Trump and his Chinese counterpart Xi Jinping agreed to a three-month tariff truce during a meeting held on the sidelines of the G-20 summit in Argentina. In early December, Trump and Xi agreed to a temporary ceasefire, giving both sides until March to reach some agreement on trade and issues such as the forced transfer of technology. The latest talks lasted for three days in Beijing one day longer than .
Maruti Suzuki India drops after announcing price hike
Maruti Suzuki India fell 1.3% to Rs 7,368.80 at 15:12 IST on BSE after the company today announced a price change for select models owing to increase in commodity prices and foreign exchange rates.
IL&FS receives strong response to asset monetisation for road verticals under IL&FS Transportation Networks
More than 30 expressions of interest were received for acquiring IL&FS' interests in its 22 assets across its domestic road vertical including its domestic EPC and O&M businesses. Initiated on 18 December 18 2018, the launch is towards developing a resolution plan(s) for the IL&FS group.
Yes Bank allots 5.40 lakh equity shares
Under ESOP
Amaravati launches work on economic cluster with Welcome Gallery
Amaravati Development Partners (ADP), a joint venture between the Andhra Pradesh government and a Singapore consortium, took the first step to develop an economic cluster here with the commencement of work on the Welcome Gallery on Thursday.
IDBI Bank Ltd leads losers in 'A' group
TI Financial Holdings Ltd, DCM Shriram Ltd, Hindustan Petroleum Corporation Ltd and Central Bank of India are among the other losers in the BSE's 'A' group today, 10 January 2019.
German industry demands tougher EU line on China
BERLIN (Reuters) - Germany's influential BDI industry association has called on the European Union to adopt a tougher policy towards China and urged companies to reduce their dependence on the Chinese market as concerns mount over price dumping and technology transfer.
M&S faces long road to recovery as Christmas sales fall
LONDON (Reuters) - Britain's Marks & Spencer endured another quarter of falling sales in both clothing and food, underscoring what looks set to be a long and uncertain road to recovery.