Page 1694 - Business Finance
Sowparnika's zero campaign - successfully fetched 200 deals in a month
Sowparnika Projects and Infrastructure Pvt. Ltd., a leading real estate company in the sensibly-priced housing space, had announced the zero cost homes in the month of October, 2018.It has been a great success for the company wherein the offer attracted more than 10,000 enquiries in a month.A majority of the responses came from the young first-time homebuyers. This scheme of purchasing homes free of cost with minimal or no initial investment now has been extended for the interested home buyers.The campaign, from Sowparnika, has encouraged a number of homebuyers, especially the millennials who had taken a step towards fulfilling their dream of purchasing homes at no cost.On this positive outcome, Ramji Subramaniam, Managing Director, Sowparnika Projects and Infrastructure Pvt. Ltd.,commented, "We are extremely overwhelmed with the response we have got for this Zero scheme. Hence, we have decided to extend it for another month. We believe that this will further boost sales and ...
HDFC Bank allots 2.16 lakh equity shares
Under ESOS
Sasken Technologies appoints VP and Head of its Automotive Business
Powered by Capital Market - Live News
White Organic Agro forays into business of organic basmati rice
The management intends to expand its horizon in the indirect farming business in the northern states for cultivation and business of Organic Basmati Rice. Real or perceived advantages in sustainability, openness, self-sufficiency, autonomy / independence, food security and safety, although the match between perception and reality is continually challenged in the field of organic basmati rice business. To facilitate the same the company has already established setup in New Delhi, from which the management intends to carry out the business of organic basmati rice.
VRL Logistics standalone net profit declines 4.49% in the September 2018 quarter
Sales rise 14.40% to Rs 516.99 crore
Polyspin Exports consolidated net profit rises 300.87% in the September 2018 quarter
Sales rise 37.16% to Rs 63.37 crore
Centum Electronics reports consolidated net loss of Rs 3.37 crore in the September 2018 quarter
Sales rise 11.69% to Rs 220.94 crore
Symphony consolidated net profit declines 38.00% in the September 2018 quarter
Sales rise 5.19% to Rs 223.00 crore
Vadilal Industries reports consolidated net profit of Rs 9.99 crore in the September 2018 quarter
Sales rise 19.39% to Rs 132.75 crore
Vardhaman Laboratories reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Reported sales nil
Tarai Foods reports standalone net loss of Rs 0.04 crore in the September 2018 quarter
Sales rise 42.00% to Rs 0.71 crore
Videocon Industries reports standalone net loss of Rs 1225.06 crore in the September 2018 quarter
Sales decline 77.20% to Rs 186.33 crore
Housing Development Finance Corporation Ltd spurts 0.98%, gains for fifth straight session
The stock is quoting at Rs 1946.9, up 0.98% on the day as on 12:44 IST on the NSE. Housing Development Finance Corporation Ltd is up 16.18% in last one year as compared to a 5.9% jump in NIFTY and a 9.9% jump in the Nifty Financial Services.
Crude oil futures drop by 2.84% on overseas cues
Crude oil prices fell by 2.84 per cent to Rs 3,529 per barrel in futures trading Thursday as speculators cut bets, driven by a weak trend overseas. At the Multi Commodity Exchange, crude oil for delivery in December declined by Rs 103, or 2.84 per cent to Rs 3,529 per barrel in business turnover of 19,097 lots. Similarly, the oil for delivery in January 2019 was trading lower by Rs 98, or 2.68 per cent to Rs 3,561 per barrel in 626 lots. Analysts said cutting down of positions by participants in line with a weak trend overseas, mainly pulled down crude oil prices at futures trade. Globally, Brent fell 0.42 per cent, to USD 58.84 a barrel, on the New York Mercantile Exchange.
Turmeric futures slip 0.55% on low demand
Turmeric prices drifted lower by 0.55 per cent to Rs 6,452 per quintal in futures market Thursday on account of easing demand from retailers and industrial buyers at the spot market. Further, ample stocks position following higher supplies from the producing belts too fuelled the downtrend. At the National Commodity and Derivatives Exchange, turmeric for delivery in far-month April-2019 contract declined Rs 36, or 0.55 per cent, to Rs 6,452 per quintal with an open interest of 12,260 lots. Similarly, the spice for delivery in December lost Rs 8, or 0.0.12 per cent, to Rs 6,396 per quintal in 9,880 lots. Market analysts said offloading of positions by traders, triggered by fall in demand at the domestic spot market against adequate stock position on increased supplies kept pressure on turmeric prices in futures trade.
Demonetisation is massive, draconian, monetary shock: Arvind Subramanian breaks his silence
Arvind Subramanian kept a studied silence on demonetisation as long as he was Chief Economic Adviser but six months after quitting the job he has described the note ban as a massive, draconian, monetary shock that accelerated economic slide to 6.8 per cent in the seven quarters after the decision against the 8 per cent recorded prior to it.
Market breadth turns negative
Key equity indices held firm at higher levels in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex, was up 361.45 points or 1.01% at 36,078.40. The Nifty 50 index was up 99.50 points or 0.93% at 10,828.35. The Sensex was trading above 36,000 mark and the Nifty was trading above 10,800 mark. Strong global cues, coupled with a fall in crude oil prices and a firmness in rupee boosted investors' sentiment.
Japan central banker mum on alleged involvement in Ghosn transaction
FUKUOKA, Japan (Reuters) - A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank.
Indonesia's Go-Jek enters Singapore market, challenges Grab
Indonesia's Go-Jek launched a trial version of its ride-hailing taxi app in Singapore Thursday, ahead of a full entry planned early next year as it aims to take on market leader Grab. Go-Jek is in the middle of a $500 million expansion plan beyond its Indonesian base with a focus on Southeast Asia, and has recently introduced services in Vietnam and Thailand. It operates a fleet of motorcycle taxis, private cars and other services -- from massage and house cleaning to grocery shopping and food delivery -- available via smartphone, although the Singapore launch will only offer car taxis. "Today marks the journey for us to be in Singapore so we are super excited, super humbled," Go-Jek president Andre Soelistyo told reporters. The Singapore market has been dominated by homegrown tech firm Grab since it bought US-based rival Uber's ride hailing and food business in Southeast Asia earlier this year, ending a bruising competition. In return Uber received a 27.5 percent stake in ...
BOJ policymaker calls for keeping ultra-easy policy, with eye on risks
FUKUOKA, Japan (Reuters) - Bank of Japan board member Takako Masai on Thursday stressed the importance of maintaining a massive stimulus programme to ensure the economy generates enough momentum to achieve the central bank's 2 percent inflation target.