Page 1735 - Business Finance
Alfavision Overseas consolidated net profit rises 133.33% in the September 2018 quarter
Sales rise 5227.59% to Rs 15.45 crore
ERP Soft Systems consolidated net profit declines 45.45% in the September 2018 quarter
Sales decline 3.45% to Rs 6.15 crore
Premco Global consolidated net profit declines 14.63% in the September 2018 quarter
Sales decline 13.86% to Rs 14.36 crore
CHD Developers consolidated net profit declines 75.22% in the September 2018 quarter
Sales rise 29.11% to Rs 38.41 crore
Marsons reports consolidated net loss of Rs 19.79 crore in the September 2018 quarter
Sales decline 97.42% to Rs 0.11 crore
Indoworth Holdings reports consolidated net loss of Rs 0.04 crore in the September 2018 quarter
Reported sales nil
Majestic Auto consolidated net profit rises 66.12% in the September 2018 quarter
Sales decline 3.00% to Rs 12.93 crore
Rollatainers consolidated net profit declines 97.08% in the September 2018 quarter
Sales rise 0.37% to Rs 35.34 crore
Panchayat polls: Kashmir region records 34%, Jammu 59% till noon
Kashmir region recorded 34 per cent polling while Jammu registered 59 per cent till noon in the third phase of the Jammu and Kashmir panchayat elections, official said. The polling began at 8 am and ended at 2 pm in 2,773 polling stations, including 918 in Kashmir division and 1,855 in Jammu division, officials said. Poonch district in Jammu region recorded the highest polling of 67 per cent, while Ganderbal district in central Kashmir recorded the lowest at 9.2 per cent, they said. Among other districts of Jammu division, they said Kathua, Ramban and Rajouri witnessed 62.5, 62.2 and 61 per cent polling, respectively. It was followed by Doda (52.3) and Kishtwar (51.1). In Kashmir division, Bandipora district topped the turnout chart with 40.3 per cent, followed by Kupaware with 39.3 per cent, Badgam 33.1 per cent, Baramulla 20.1 per cent, Kargil 52.5 per cent and Leh 40.1 per cent, they said. The officials said 727 polling stations have been categorised as hypersensitive, including ...
Insolvency law helped resolve Rs 3 lakh crore bad debts in 2 years: Srinivas
The two-year-old Insolvency and Bankruptcy Code (IBC) has directly and indirectly helped resolve stressed assets worth Rs 3 lakh crore, Corporate Affairs Secretary Injeti Srinivas said on Saturday.
'Prez Kovind's visit to Aus added momentum to bilateral ties'
President Ram Nath Kovind's just concluded visit to Australia, the first by an Indian head of state, has added momentum to the bilateral ties and enhanced the strategic cooperation, officials said on Saturday. Kovind arrived in Sydney on Wednesday on the second leg of his two-nation trip after concluding his trip to Vietnam. During his four-day visit, the President engaged with the leadership of Australia at federal and provincial levels, business community, students and academics and Indian diaspora, the Ministry of External Affairs (MEA) said in a statement. "The first Presidential visit from India to Australia has added momentum to the ongoing growth in our bilateral engagements which in recent years has not only increased in regularity but has also intensified in all areas of our strategic cooperation," it said. The Australian leadership expressed exceptional warmth and highly appreciated the growing ties and engagement with India, the MEA said. India-Australia bilateral relations
China-made train coaches for Nagpur metro come off production line
The first three subway train coaches produced by a Chinese train manufacturer for the Nagpur Metro have come off the production line, according to the company. CRRC Dalian, an affiliated company under China's top train manufacturer CRRC Corporation, received a train coach order from the Nagpur Metro last year. The company is scheduled to produce 69 coaches and provide train maintenance services for 10 years for the city's metro rail, state-run Xinhua news agency reported on Saturday. With a stainless-steel body, the train coaches are designed to run at a maximum speed of 80 kms per hour. The coaches will be used on two urban railway lines totalling 38 kms in length in Nagpur. CRRC Dalian develops, produces and exports diesel locomotives, electric locomotives and urban rail cars. The company has exported its products to countries such as New Zealand, Malaysia and Nigeria.
South Africa to invest USD 1 billion in South Sudan oil sector
South Sudan's oil minister says South Africa will invest USD 1 billion into the war-torn country's oil sector in what would be the largest investment in the East African country's history. Ezekiel Lol Gatkuoth confirmed Friday's signing of the memorandum of understanding with South Africa's energy minister, Jeff Radebe Radebe told state broadcaster SABC that both countries would benefit. South Sudan has Africa's third-largest oil reserves, at 3.5 billion barrels, and it hopes increasing production will help the country recover after a peace deal was signed two months ago. One analyst warned that despite the signing there's no guarantee the South African money will come through, though if it does it would be "incredible." South Africa would join Chinese, Indian, Malaysian and other interests in South Sudan's oil sector. The oil ministry said the South African money will be used for the refining and processing of oil and gas, research and development and the transfer of ...
Nippon Paint launches kids range
Targeting a very niche segment - the kids rooms - the decorative paint division of Nippon Paint (India) has come out with a special paint that contributes to a child's wellness, a senior official said on Saturday.
Insolvency law help address Rs 3 lakh cr stressed assets in 2 yrs: Official
The insolvency law has helped in directly and indirectly addressing stressed assets worth Rs 3 lakh crore in the last two years, a senior government official said Saturday. More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC), which became fully operational in December 2016. Corporate Affairs Secretary Injeti Srinivas said there has been a direct and indirect impact of the Code on stressed assets worth close to Rs 3 lakh crore. The estimated amount, included recoveries made through resolution plans and cases settled before admission by the National Company Law Tribunal (NCLT) under the Code. Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting settled, he said. Under the Code, cases are taken up for resolution only after approval from the NCLT. "About 1,300 cases have been admitted and out of that, in about 400 cases, corporate insolvency resolution process has been completed... in 60 .
Logitech to acquire Plantronics: Report
Accessory maker Logitech is reportedly mulling the purchase of headset and Bluetooth earpiece maker Plantronics.Logitech has been buying smaller companies in order to expand its portfolio. Earlier this year, the company announced acquisition of Blue Microphones for USD 117 million in cash, Cnet reported.Plantronics started in the 1960s and has been building lightweight headsets for pilots. It is said to be the largest buy for Logitech which has reportedly offered over USD 2.2 billion for the company.
Gold drops Rs 200 on lacklustre demand; sliver falls Rs 500
Gold prices fell by Rs 200 to Rs 31,750 per 10 grams Saturday, mostly on account of slack demand from local jewellers amid a weak trend overseas. Silver too slumped by Rs 500 to Rs 37,300 per kg owing to reduced demand from industrial units. Market analysts said tepid demand from local jewellers and retailers at the domestic spot market weighed on the yellow metal prices. Globally, gold traded lower at USD 1,222.74 an ounce and silver was at USD 14.27 an ounce in New York on Friday. In the national capital, gold of 99.9 per cent and 99.5 per cent purity drifted down by Rs 200 each to Rs 31,750 and Rs 31,600 per 10 grams, respectively. The precious metal had lost Rs 90 on Friday. Sovereign too fell by Rs 100 to end at Rs 24,700 per piece of eight grams. In line with gold, silver ready dropped by Rs 500 to Rs 37,300 per kg and weekly-based delivery shed Rs 486 to reach Rs 36,100 per kg. Silver coins, however, continued to be traded at the previous level of Rs 73,000 for buying and Rs ...
Vikas Proppant & Granite receives export order worth Rs 448.47 crore
For supply of proppant