Page 1767 - Business Finance

Salona Cotspin standalone net profit rises 218.75% in the September 2018 quarter

Sales rise 74.63% to Rs 37.72 crore

Globus Corporation reports standalone net loss of Rs 0.24 crore in the September 2018 quarter

Reported sales nil

Kothari Petrochemicals standalone net profit rises 68.55% in the September 2018 quarter

Sales rise 114.93% to Rs 80.90 crore

Jyothi Infraventures reports standalone net loss of Rs 0.01 crore in the September 2018 quarter

Reported sales nil

Sadhna Broadcast standalone net profit declines 50.00% in the September 2018 quarter

Sales decline 18.92% to Rs 9.90 crore

Alfavision Overseas standalone net profit declines 94.44% in the September 2018 quarter

Sales rise 1741.38% to Rs 5.34 crore

Ovobel Foods reports standalone net profit of Rs 0.46 crore in the September 2018 quarter

Sales rise 47.62% to Rs 27.90 crore

Trans Asia Corporation reports standalone net loss of Rs 0.01 crore in the September 2018 quarter

Reported sales nil

ECE Industries standalone net profit declines 43.96% in the September 2018 quarter

Sales rise 32.28% to Rs 55.20 crore

Country Club Hospitality & Holidays reports standalone net loss of Rs 5.29 crore in the September 2018 quarter

Sales decline 4.03% to Rs 54.28 crore

Jumbo Finance reports standalone net loss of Rs 0.39 crore in the September 2018 quarter

Sales reported at Rs 0.13 crore

Lalit Polymers & Electronics reports standalone net loss of Rs 0.06 crore in the September 2018 quarter

Reported sales nil

Lactose (India) reports standalone net profit of Rs 0.20 crore in the September 2018 quarter

Sales rise 125.52% to Rs 10.78 crore

Manipal Finance Corporation standalone net profit rises 47.37% in the September 2018 quarter

Reported sales nil

W H Brady & Co standalone net profit rises 87.50% in the September 2018 quarter

Sales rise 20.85% to Rs 6.26 crore

Kothari Sugars & Chemicals standalone net profit declines 31.32% in the September 2018 quarter

Sales decline 32.74% to Rs 56.20 crore

Nifty, Sensex end lower; TCS top loser

(Reuters) - Indian shares ended lower on Wednesday in line with broader Asian markets, weighed down by a renewed bout of selling on Wall Street overnight that mounted uncertainty about global economic growth.

Sensex falls 274 points amid continued US sell-off

India's benchmark Sensex fell 274 points on Wednesday tracking a continued sell-off in US equities amid concerns about global slowdown.

Sensex drops 275 points as global selloff continues

The BSE benchmark Sensex extended losses for the second session Wednesday by declining over 250 points on heavy selling in IT, teck, metal and auto stocks amid weak global cues. Besides, fresh foreign fund outflows further hurt trading sentiments. However, crude oil's fall to one-year low in the global market on excess supply concerns, capped the fall in the indices. The 30-share, after rising briefly to 35,494.25 at the outset, quickly slipped into the negative terrain in line with a weak trend at other Asian markets and touched a low of 35,112.49. However, it pared early losses on emergence of buying after a higher opening of European shares. The index closed 274.71 points, or 0.77 per cent, down at 35,199.80. The gauge had lost 300.37 points Tuesday. Also, the broader NSE Nifty after shuttling between 10,562.35 and 10,671.30 points, finally settled 56.15 points, or 0.53 per cent down at 10,600.05. Sentiments took a hit after broader Asian markets weakened, following a renewed ...

Half of India's ATMs may close down by Mar '19, warns CATMi

Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) warned Wednesday. Closure of the ATMs will impact thousands of jobs and also the the financial inclusion efforts of the government, the industry body said in a statement. "Service providers may be forced to close down almost 1.13 lakh ATMs across the country by March 2019. These numbers include approximately one lakh off-site ATMs and a little over 15,000 white label ATMs," it said. The industry has reached a "tipping point", the body added. A majority of the ATMs which can be shut down will be in the non-urban areas, it said, underlining that this can impact the financial inclusion efforts as beneficiaries use the machines to withdraw government subsidies. The industry body said that recent regulatory changes, including those on hardware and software upgrades, coupled