Page 1771 - Business Finance
Baroda Extrusion standalone net profit rises 900.00% in the September 2018 quarter
Sales rise 78.17% to Rs 13.79 crore
Shukra Pharmaceuticals reports standalone net profit of Rs 0.01 crore in the September 2018 quarter
Sales rise 1333.33% to Rs 0.86 crore
Shervani Industrial Syndicate standalone net profit declines 92.63% in the September 2018 quarter
Sales decline 86.88% to Rs 4.42 crore
Phaarmasia reports standalone net loss of Rs 0.17 crore in the September 2018 quarter
Sales rise 8.78% to Rs 3.84 crore
S & S Power Switchgear reports standalone net loss of Rs 0.07 crore in the September 2018 quarter
Sales decline 98.51% to Rs 0.01 crore
OPEC will work to stabilise markets at next meeting - Iraqi deputy minister
BAGHDAD (Reuters) - Iraqi Deputy Oil Minister Fayadh al-Nema said on Wednesday that OPEC will work to stabilise oil markets, crude prices and supplies at its next meeting.
ONGC gas production at all-time high of 70 mmscmd
State-owned Oil and Natural Gas Corp's (ONGC) natural gas production has hit an all-time high of about 70 million standard cubic meters per day as it doubles up efforts to raise domestic output to curb imports, sources privy to the development said. ONGC produced about 64 million standard cubic meters per day (mmscmd) of gas in November last year and this year the output is close to touching 70 mmscmd, sources said. After accounting for internal consumption, gas sales at about 56 mmscmd too are at an all-time high. The output can rise by 24-25 mmscmd in next 1-2 years if the company gets market price, that will make about 35 billion cubic meters of recoverable reserves in discoveries in the shallow sea off Andhra Pradesh on the east and off Gujarat and Mumbai on the west coast blocks economically viable. Natural gas is the fastest growing primary energy source in the world. It is the cleanest burning petroleum-based fuel and has wide applications -- from being used to generate ...
Davies & Associates appoints Stuti Murarka as associate - India Practice
The US business immigration law and investor visa firm serving India Davies & Associates, LLC Wednesday announced the appointment of Stuti Murarka as associate India Practice. "A licensed attorney in India and Illinois, Stuti will be instrumental in furthering and lending support to Davies & Associates efforts in India. With over 7 years of diversified experience, Stuti has worked with well-known legal firms such as Crawford Bayley & Co. and AZB & Partners prior to joining Davies & Associates, LLC at their Chicago office," the company said in a statement. "Stuti has the perfect background we seek to expand our operations in India. Her experience in dealing with law in both India and the US makes her the perfect fit to enhance our on-ground capacity in the US, with regard to our team of experts dedicated to Indian EB-5 matters," Mark Davies, Global Chairman of the company said. Davies & Associates, LLC is a full service US immigration law firm headquartered in .
PC market in India grows 20.2% QoQ to 2.7 mn units in Sept qtr
PC shipment in India grew 20.2 per cent in the July-September period to 2.71 million units against the previous quarter, driven by strong growth in commercial and consumer segments, as per research firm IDC. IDC, in its report, noted that while shipment had grown sequentially, the sales had declined by 10.6 per cent compared to July-September 2017 quarter "owing to increased sell-in due to goods and services tax (GST) implementation in Q3 2017". "While the excitement at the premium end of the market will remain and is expected to grow further, IDC expects overall India personal computer (PC) market to decline due to Intel chip shortages and also on account of post Diwali slowdown of the market," Navkendar Singh, Associate Research Director (Client Devices and IPDS) at IDC India, said. OEMs are also expected to revamp their portfolio with new product launches in mid to premium segment in the next few months, Singh added. HP led the tally with 30.7 per cent market share, followed by ...
Sensex down 220 points, Nifty at 10,605
The benchmark equity index S&P BSE Sensex traded over 220 points lower on Wednesday afternoon after a sell-off in the US market. But further loss were restricted as crude oil prices declined further and stocks of key sectors held on to the gains.
India PC market grew over 20% in Q3, HP leads: IDC
The traditional PC market in India grew 20.2 per cent in the third quarter of 2018, with HP Inc leading the segment with 30.7 per cent share and Dell at second spot with 22.9 per cent market share, International Data Corp (IDC) said on Wednesday.
Japan threatens to cut solar power subsidies, angering investors
TOKYO (Reuters) - The Japanese government is threatening to cut existing solar power project subsidies angering the power producers and investors that say the cuts will undermine their profitability and violate earlier agreements.
'Mangal Prabhat Lodha richest realty entrepreneur in India'
BJP senior leader and founder of city-based realty firm Lodha Group, Mangal Prabhat Lodha, has emerged as the richest real estate entrepreneur of the country according to a recent survey. A survey conducted by Hurun Report and GROHE India titled GROHE Hurun India Real Estate Rich List 2018 revealed that 62-year-old Lodha is the richest Indian real estate entrepreneur with total wealth of Rs 27,150 crore. Lodha, who was at the second position last year according to the Hurun report with a wealth of Rs 18,610 crore, has jumped a notch up, while interestingly, DLF's Kushal Pal Singh who emerged at the first position last year with a wealth of Rs 23,460 crore, has not featured in this year's top 10 list. Lodha is followed by Jitendra Virwani of Embassy Group with total wealth of Rs 23,160 crore at the second position and Rajiv Singh of DLF at third with wealth of Rs 17,690 crore. Both the Hiranandani brothers, Niranjan of Hiranandani Group and Surendra of House of ...
Adani Gas hits the roof
Adani Gas hit an upper circuit limit of 20% at Rs 97.80 at 14:00 IST on BSE after the company said it bagged authorization to expand its city gas footprint in 13 new geographical areas.
Embassy Group Goes Digital on Real Estate: Turns Big TV Spends Into Virtual Point-of-sale on Mobile
/ -- Achieves 2.3x higher brand recall and 8% lift in purchase intent Real estate in India is pegged to touch US$ 180 billion by 2020 with 92% home buyers searching for homes on the Internet. Embassy solved this challenge of ramping up digital marketing for an industry which sees long sales cycles by syncing TV commercials with mobile ads, creating a virtual point-of-sale on digital (mobile). (Logo: https://mma.prnewswire.com/media/546244/Embassy_Logo.jpg ) The giant real estate group released fresh messaging about its technology-driven projects, for which they spent heavily on TV by advertising on select channels. However, they had to ensure that target audiences were engaged effectively across media platforms where they could measure real outcomes. Mr. Aditya Virwani, Chief Operating Officer - Embassy Group, expressed, "Embassy has always been at the forefront of identifying and implementing unique initiatives across functions. Zapr has played a pivotal role in helping us magnify ...
Gold prices fall for third straight day on muted demand
Gold prices drifted further lower by Rs 50 to Rs 31,950 per 10 gram at the bullion market Wednesday, falling for the third consecutive day, tracking a weak global trend amid weak demand from local jewellers. The precious metal has lost Rs 150 in the past two days. Silver too followed suit and dropped by Rs 100 to Rs 37,800 per kg at the bullion market Wednesday. Traders said, sentiment remained bearish on the back of subdued global trend as strength in dollar eroded demand for the precious metals as a safe-haven. Globally, gold shed 0.05 per cent to USD 1,221.50 an ounce, while silver held steady at USD 14.40 an ounce in Singapore. Besides, fall in demand from jewellers as well as retailers at domestic spot market too kept pressure on the gold prices. In the national capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 50 each to Rs 31,950 and Rs 31,800 per 10 gram respectively. Sovereign gold held flat at Rs 24,800 for piece of 8 gram on scattered support. Silver ...
Rajesh Exports bags Rs 933 cr order
Rajesh Exports, the world's largest gold refiner, Wednesday said it has procured an order worth Rs 933 crore from the UAE. The order will be executed by March 2019, the company said in a regulatory filing. "We have bagged a large order this month amid strong global competition which speaks volumes about the quality of our products, prompt execution and attractive pricing," the company's Chairman Rajesh Mehta said. Rajesh Exports has launched new products at different prices, has been witnessing consistent order flow from across the globe, he added. The Bengaluru-headquartered company has its refineries located in Uttarakhand and at Balerna in Switzerland. It has a capacity to refine 2,400 tonne of gold per annum. The company processes 35 per cent of gold produced in World.
Piramal Enterprises plans to raise up to Rs 1,000 cr via NCDs
Piramal Enterprises Wednesday said it plans to raise up to Rs 1,000 crore through issue of secured non-convertible debentures (NCDs) on private placement basis. The administrative committee of the board approved issue of secured NCDs on private placement basis up to Rs 500 crore with an option to retain over-subscription of up to Rs 500 crore, aggregating the total issue size to Rs 1,000 crores in two series, the company said in a filing to the BSE. The issue size of Series 1 is Rs 100 crore, it added. The size of Series 2 is Rs 400 crore with green shoe option of Rs 500 crore, so that the total value shall not exceed Rs 900 crore, Piramal Enterprises said. The company, however, did not specify what it wants to do with the funds to be raised. Its shares were on Wednesday trading at Rs 2,271.05 per scrip on the BSE, down 0.48 per cent from its previous close.
Cyber attacks, volatile weather top risks for India Inc: Survey
Large-scale cyber attacks, incidents of data breaches, and severe weather events are some of the emerging risks that are likely to affect the business environment in the country, says a study. Moreover, the inter-connected dynamics of geopolitics, technological advances, global economic integration and climate change mean that the manifestation of one risk is increasingly likely to influence others, as per the joint study by Marsh, a global leader in insurance broking and risk management society RIMS. The survey that covered representatives of C-suites, executives, and risk professionals across 19 industries, noted that 88 per cent respondents identified cyber-attacks as the topmost risk. This was followed by data fraud or theft, cited by 85 per cent of respondents, volatile weather (84 per cent), severe energy price shock (81 per cent) and major financial failure (81 per cent) among the other top risks for India Inc. The other risks identified include financial crises in key ...
Livspace.com announces entry into Chennai and Pune
Home interiors and renovation platform Livspace.com Wednesday announced its entry into Chennai and Pune, earmarking an investment of Rs 40 crore for growing business in the two cities. The funds will be used for customer acquisitionthrough brand building, opening Livspace design centers aswell as growing the designer and seller community, Livspace said. With this launch, Livspace has expanded to three new major markets just this year, the company said in a release. It said, the company is on track to establish a strong presence in a total of 13 metro areas by the end of 2019. "Given the high ASP of home interiors, homeowners in these cities value a brand they can trust. Hence, we see a great product-market fit," Livspace.com Co-founder and COO Ramakant Sharma said. Livspace said, Chennai and Pune mark the eighth and ninth operational cities for the company. Debuting in Bengaluru in 2015, Livspace expanded to Mumbai, Thane, Delhi, Gurgaon, and Noida in less than 24 months .