Page 1742 - Business Finance
Tara Chand Logistic Solutions standalone net profit declines 88.89% in the September 2018 quarter
Sales rise 56.29% to Rs 25.10 crore
Pariksha Fin-Invest-Lease reports standalone nil net profit/loss in the September 2018 quarter
Sales rise 50.00% to Rs 0.18 crore
Deepti Alloy Steel reports standalone net profit of Rs 0.11 crore in the September 2018 quarter
Sales reported at Rs 0.49 crore
ECB rate rise expectations, market inflation gauge tumble after weak PMI
LONDON (Reuters) - Investors further scaled back expectations for a rise in euro zone interest rates next year, while a key market gauge of inflation expectations fell on Friday to its lowest in a year following weak economic data from the bloc.
South Africa to invest $1 billion in South Sudan's oil sector
JUBA (Reuters) - South Africa will invest $1 billion in South Sudan's oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday.
Gold slides on feeble demand, global cues
A weak global trend and fading demand from local jewellers dragged down gold prices by Rs 90 to Rs 31,950 per 10 gram at the bullion market Friday. Silver too declined by Rs 200 to Rs 37,800 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from a weak overseas trend, easing demand from local jewellers and retailers weighed on gold prices. Globally, gold fell 0.29 per cent to USD 1,224.20 an ounce and silver by 1.28 per cent to USD 14.38 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 90 each to Rs 31,950 and Rs 31,800 per 10 gram, respectively. The precious metal had gained Rs 90 Thursday. Sovereign, however, remained flat at Rs 24,800 per piece of 8 gram in scattered deals. Silver ready too moved down by Rs 200 to Rs 37,800 per kg and weekly-based delivery by Rs 302 to Rs 36,586 per kg. Silver coins, however, remained unaltered at Rs 73,000 for buying and Rs 74,000 for selling of 100 ..
Gold prices hold in narrow range; set to post second weekly gain
BENGALURU (Reuters) - Gold prices moved in a narrow range on Friday as investors were cautious ahead of a G20 summit next week where leaders of the United States and China are set to discuss their trade dispute.
Weaker exports drove German GDP contraction in third-quarter: statistics office
BERLIN (Reuters) - Weaker exports were the primary driver behind Germany's first quarterly economic contraction since 2015, data showed on Friday, confirming a preliminary negative reading of 0.2 percent in the third quarter.
Oil falls to lowest since late 2017 on emerging supply glut, OPEC expected to cut
SINGAPORE (Reuters) - Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook.
Factbox: How Carlos Ghosn's pay compares with other top auto executives'
(Reuters) - Carlos Ghosn, one of the most celebrated leaders in the global auto industry, was ousted as the chairman of Nissan Motor Co on Thursday over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) over five years.
Asian LNG prices dragged down by oil slide, heavy supply
SINGAPORE (Reuters) - Asian spot prices for liquefied natural gas (LNG) tumbled nearly 10 percent this week to a more than three-month low, knocked lower by a slide in oil prices, forecasts for a warmer than average winter and ample supply onshore and in tankers.
Telkom Kenya gets $40 million loan from European Investment Bank
NAIROBI (Reuters) - Telkom Kenya, the country's third biggest operator, has secured a loan worth $40 million from the European Investment Bank (EIB), the company said on Friday, as it tries to gain market share by expanding its mobile and data services.
Hong Kong Stocks falls 0.35%
Concerns over trade tensions continue to build up ahead of the meeting between Donald Trump and Xi Jinping that is to happen on the side-lines of the G-20 meeting in Argentina next week.
China Stocks tumble as trade worries fester
Shares of telecom and technology issues bore the brunt of losses, after report in The Wall Street Journal that said the U.S. has been trying to persuade its foreign allies to avoid using China's Huawei Technologies Co.'s telecoms equipment, citing cybersecurity concerns. News of pressure over Huawei comes just ahead of trade talks between U.S. President Donald Trump and Chinese President Xi Jinping atthe G-20 summit in Argentina next week. U.S. officials warned Americans not to buy Huawei devices in February, saying they could be used to spy on users. Earlier this year, lawmakers introduced the Defending U.S. Government Communications Act, which would ban government agencies from using equipment from ZTE and Huawei.
Andhra Pradesh leads in talent quality, says India Skills Report
Topline Consulting, a China based strategic communications firm which opened their first international operation in Gurgaon and subsequently in the short span of four months opened offices in Mumbai and Bangalore, launched their flagship case competition - Annual Biz Challenge 2018 in association with MICA's annual marketing festival - MICANVAS.Mr. Michael Song, Chairman and Founder of Topline Consulting Group said, "Topline is a young company which is for the youth, by the youth, of the youth. It believes that the youth have immense untapped potential, which needs to be channelled in the right direction." Mr. Song also added that it was for strategic reasons that they selected a global brand for their first case study competition as the brand had recently entered India in a major way. The jury in the competition specifically looked for the nuances attached to the brand as perceived by young people in India.The Annual Biz Challenge 2018 went live on the Dare2Compete platform, which ...
Linetrust promises speedy and easier disbursement of loans
Linetrust Offshore Limited, a close ended trust fund operating from Marshall Island and the United Kingdom had recently organized a workshop to create awareness among the Indian financial community for all its products. The workshop attended to by leading mid and large corporates and leading chartered accountants has been the first of its kind conducted by Linetrust.Mr. Raghav Kapoor and Mr. Mohit Seth, Linetrust associates, who had organized the workshop were very happy with the outcome and said that Linetrust is here to help needy corporates and SME's with debt at a very low interest rate. Speaking at the workshop Mr. Raghav Kapoor indicated that a Linetrust has been making a lot of changes to its trust policies and has been trying to create a more relaxed syndication routine for troubled corporates and SME's who have been battling high interest rates and lower than normal revenue growth.Mr. Mohit Seth, a financial consultant and a long term Linetrust Associate said that the Indian .
5,000 Migsun buyers benefit under the credit linked subsidy scheme
Migsun, one of India's leading real estate companies, has extended the benefits under Credit Linked Subsidy Scheme (CLSS) to its first 5,000 buyers. These buyers have been offered a 6.5 percent rebate on the interest."Migsun believes in adopting all measures to ensure a happy home buying experience for its buyers. The benefit under the CLSS has been passed on to the buyers which mean our buyers will save Rs. 2.30 lakh on an average," said Yash Miglani, MD Migsun.Migsun has a visionary plan to reinforce its commitment and promise of delivering affordable houses to its customers which will give new direction to the real estate fraternity. As an organisation, the group believes that everyone deserves a home. It has taken an initiative to capitalise on that plan and make sure that its vision sees the light of day.Miglani further added, "Migsun is committed towards buyers and ensures timely delivery. It completes and delivers projects before time and will deliver 2,999 units by March 2019.
Leading global talent productivity partner DISYS starts North India operations
Digital Intelligence Systems (DISYS), a leading global staffing, IT consulting & managed services firm, has started operations in North India after achieving business success in the south.The company on Thursday opened an office in Noida to expand its footprint in India. It has successfully built and operates its first Center of Excellence in US staffing, in Chennai, India.DISYS, a US-based multinational incorporated in 1994, has seen exponential growth and ranks as one of the largest IT staffing firms in the US which caters to staffing requirements of companies in various verticals.DISYS which boasts of a long history in the staffing and consulting industry has emerged as a leading international global talent productivity partner. As of today, DISYS has more than 33 offices across various countries and is rated among the top US staffing firms."High performance and productivity has been the hallmark of DISYS team. DISYS India is equipped with ISO 9001, 27001 and CMMI level 3 ...
Srinivasan Services Trust extends relief to Gaja cyclone affected people
Srinivasan Services Trust (SST), the social arm of TVS Motor Company Ltd. has engaged in the relief and restoration activities to the Gaja cyclone affected people in the Nagapattinam district by distributing the required relief materials through public administration.The wing is assisted by Community Development Officers, Engineers, Agronomist, retired RDOs and Security in the distribution of relief materials.The distribution is to continue for a week starting today and comprises Rs. 1 Crore worth materials of 15440 sleeping mats, 6000 bedsheets, 10000 tarpaulin sheets, 1000 lungis, and 1000 sarees. 20000 families covering 80000 members in Vedaranyam, Velankanni and Thalaignayiru areas will be benefitted through this distribution.It is significant to note that TVS Motor Company Ltd. have already contributed Rs. 2 Crore to the Chief Minister Relief Fund. In a meeting held at the residence of Chief Minister of Tamil Nadu, Edapadi Thiru K Palaniswamy on 20thNovember 2018, Thiru Venu ...
Epicor positioned as a visionary in the Gartner Magic Quadrant for Cloud ERP
Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, today announced it has been positioned in the Visionaries quadrant of the first "Magic Quadrant for Cloud ERP for Product-centric Midsize Enterprises" by Gartner In1. The position is based on a full evaluation of the global enterprise resource planning (ERP) solution, Epicor ERP.The Magic Quadrant for Cloud ERP focuses on ERP systems that are offered in a cloud services application deployment. It covers midsize enterprises across all geographies with an annual revenue between approximately $50 million and $1 billion USD. The full report is available to access from the Epicor website."Our mission is to be the cloud vendor of choice in the markets we serve. We believe being positioned as a visionary in the cloud ERP quadrant validates our strategy. We feel that customers trust us to deliver solutions that helps them grow in an Industry 4.0 world," said Steve Murphy, Chief .