Page 1739 - Business Finance

Global Markets: European markets bounce, euro dragged lower by weak business surveys

LONDON (Reuters) - European stock markets rose on Friday after a volatile week in which company earnings and growth worries hit stocks, although the euro sank after weaker-than-expected business surveys from Germany and the euro zone.

British banks await stress-test trigger for shareholder payouts

LONDON (Reuters) - Britain's bank bosses are hoping for the green light to return more capital to long-suffering investors when the Bank of England publishes results next week from its annual stress test of leading lenders.

UK short-run inflation expectations edge up to 2.7 percent: Citi/YouGov

LONDON (Reuters) - The British public's expectations for inflation over the coming year edged up this month, but longer-term expectations dropped to an eight-month low, a monthly survey showed on Friday.

Havells eyes 10% share in water purifier market in next 3-4 years

Consumer durable maker Havells, a new entrant in the fast growing water purifier segment, is aiming to have around 10 per cent of the segment in next 3-4 years, said a company official. The company aims to be a "significant player" in the segment and has plans to double its manufacturing capacity to one million units per annum. As part of expansion of product portfolio in the segment, the Delhi-based company has introduced new range of unique water purifiers, claiming it to maintain the pH balance in water and add various essential minerals and trace elements lost during the reverse osmosis (RO) process. "With only one per cent of the country covered, this is an extremely under penetrated and much needed product. Our products will address consumers need and we target to garner at least 10 per cent market share in next 3-4 years," said Havells India Vice President Shashank Shrivastav. Havells water purifiers have been designed and developed at its R&D facility and manufactured at .

SriLankan Airlines plans to fly to more destinations in India

SriLankan Airlines plans to connect more Indian cities with Colombo as India is an important market for the carrier, a senior official said Friday. Currently, the national carrier of Sri Lanka operates 122 flights every week from 13 destinations in India. "India will be an important market for expansion for the airline... we plan to fly to more destinations (in India)," SriLankan Airlines' Manager (North India) Chinthaka Weerasinghe said. He was speaking at a briefing here to mark the airline's 25 years of operations in India. The carrier commenced its flights to the national capital in June 1993. The airline is also working with STIC Travels, its General Sales Agent (GSA), and Sri Lanka Tourism to further increase the number of air travellers to the country. It has a code share agreement with Air India. Code sharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence. The Sri Lankan carrier has services

UK Black Friday transactions up, sales down, early data shows

LONDON (Reuters) - Black Friday transactions in Britain are up versus last year but the amount spent has been lower, initial data showed on Friday.

Nitin Fire Protection Industries reports standalone net loss of Rs 26.86 crore in the September 2018 quarter

Sales decline 62.83% to Rs 2.13 crore

Vax Housing Finance Corporation reports standalone net profit of Rs 0.01 crore in the September 2018 quarter

Reported sales nil

Indian Infotech and Software reports standalone net loss of Rs 0.44 crore in the September 2018 quarter

Sales rise 15.38% to Rs 2.25 crore

Sai Jeevadhara Finance reports standalone net profit of Rs 0.02 crore in the September 2018 quarter

Reported sales nil

Forex reserves up by USD 568.9 mn to USD 393.58 bn

The country's foreign exchange reserves rose by USD 568.9 million to USD 393.580 billion in the week to November 16, mainly due to a spurt in foreign currency assets, according to RBI data. In the previous week, reserves had declined by USD 121.2 million to USD 393.01 billion. In the reporting week, foreign currency assets, a major component of overall reserves, increased by USD 506 million to USD 368.541 billion, as per the RBI data. Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves. Forex reserves had touched a record high of USD 426.028 billion in the week to April 13, 2018. Since then, the forex kitty has been on a slide and is now down by over USD 31 billion. Gold reserves rose by USD 73 million to USD 20.961 billion, the data showed. The special drawing rights with the International Monetary Fund (IMF) declined by USD 5.7 million to USD 1.453 ...

Prerna Infrabuild reports consolidated net loss of Rs 0.15 crore in the September 2018 quarter

Sales decline 67.74% to Rs 0.20 crore

Corrected: Global Markets - European markets bring modest relief, euro sinks after weak German survey

By Ritvik Carvalho

Weaker German exports, private sector growth worry investors

BERLIN (Reuters) - Weaker exports were the primary driver behind Germany's first quarterly economic contraction since 2015, data showed on Friday, and while economists called it an aberration, they cited clear signs that Europe's largest economy was cooling.

Gold slips as dollar, European stocks gain

(Reuters) - Gold fell on Friday as the dollar regained momentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.

Mahindra First Choice Services to venture into two wheeler servicing

Multi-brand car servicing major Mahindra First Choice Services is getting into servicing two wheelers while expanding its current network and looking out for capital infusion of about Rs 100-125 crore for business from a strategic partner, said a top company official.

'Mutual fund M&As will cease after SEBI directs reclassification'

Mergers and consolidation may not happen in the mutual fund industry after the market regulator directed reclassification of various schemes at a time when cash holdings of fund houses are falling, according to a top official of the Mumbai-based PPFAS Mutual Fund.

Balgopal Commercial reports standalone net loss of Rs 0.24 crore in the September 2018 quarter

Sales rise 99.62% to Rs 5.31 crore

Amit Securities reports standalone net loss of Rs 0.03 crore in the September 2018 quarter

Sales rise 171.43% to Rs 0.38 crore

Ontic Finserve standalone net profit declines 50.00% in the September 2018 quarter

Sales decline 31.11% to Rs 0.31 crore