Page 1775 - Business Finance
SVA India reports standalone net loss of Rs 0.38 crore in the September 2018 quarter
Sales reported at Rs 0.33 crore
Marg reports standalone net loss of Rs 6.95 crore in the September 2018 quarter
Sales decline 59.35% to Rs 5.74 crore
Noesis Industries reports standalone net loss of Rs 0.11 crore in the September 2018 quarter
Reported sales nil
Corporate Courier & Cargo standalone net profit rises 50.00% in the September 2018 quarter
Sales rise 91.67% to Rs 0.23 crore
Sanrhea Technical Textile standalone net profit rises 1300.00% in the September 2018 quarter
Sales rise 67.50% to Rs 12.73 crore
Ecoboard Industries reports standalone net loss of Rs 2.97 crore in the September 2018 quarter
Sales decline 3.85% to Rs 2.50 crore
Jaipan Industries standalone net profit declines 97.53% in the September 2018 quarter
Sales decline 13.21% to Rs 10.97 crore
Renault names Ghosn stand-ins amid tension over Nissan probe
PARIS/TOKYO (Reuters) - French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct.
Renault keeps Ghosn as CEO despite arrest in Japan
France's Renault says it has decided to keep its CEO Carlos Ghosn on despite his arrest in Japan on allegations that he misused assets of partner Nissan Motor Co. and misreported his income. Renault's board of directors announced late Tuesday that the No. 2 at the company, Chief Operating Officer Thierry Bollore, would temporarily fill in for Ghosn. "Mr. Ghosn, temporarily incapacitated, remains chairman and chief executive officer," a statement from Renault's board said. But while Ghosn deals with his legal issues in Japan, Bollore will have the same authority to run the company as the CEO, it added. Renault's board said its decision was made with an eye toward keeping the company on a steady course "to preserve the interests of the group and the continuity of its operations." Ghosn runs Renault, Nissan and the Renault-Nissan-Mitsubishi alliance that he helped turn into the world's biggest car-seller last year, and both France and Japan want to keep it intact. Renault's move to ...
China Stocks trade mixed
The lead from Wall Street is brutal as stocks showed another significant move to the downside on Tuesday, sending the tech-heavy NASDAQ to its lowest closing level in over seven months. The continued weakness on Wall Street reflected disappointing earnings news from companies such as Target (TGT), Kohl's (KSS) and Victoria's Secret parent L Brands (LB). A continued decline by Apple (AAPL) also weighed on the markets. The Dow plunged 551.80 points or 2.21 percent to 24,465.64, while the NASDAQ shed 119.65 points or 1.70 percent to 6,908.82 and the S&P 500 fell 48.84 points or 1.82 percent to 2,641.89.
Japan Nikkei falls as risk sentiment worsens
US stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, while retailers including Target and Kohl's sank after weak earnings and forecasts, fuelling worries about economic growth. The Nasdaq closed at its lowest in more than seven months on Tuesday while the S&P 500 and Dow ended at their weakest since late October. The Dow plunged 551.80 points or 2.21% to 24,465.64, while the NASDAQ shed 119.65 points or 1.70% to 6,908.82 and the S&P 500 fell 48.84 points or 1.82% to 2,641.89.
Australia Market dives near two-year lows
The lead from Wall Street is brutal as stocks showed another significant move to the downside on Tuesday, sending the tech-heavy NASDAQ to its lowest closing level in over seven months. The continued weakness on Wall Street reflected disappointing earnings news from companies such as Target (TGT), Kohl's (KSS) and Victoria's Secret parent L Brands (LB). A continued decline by Apple (AAPL) also weighed on the markets. The Dow plunged 551.80 points or 2.21% to 24,465.64, while the NASDAQ shed 119.65 points or 1.70% to 6,908.82 and the S&P 500 fell 48.84 points or 1.82% to 2,641.89.
Sensex falls over 200 points on weak global cues
The BSE benchmark Sensex fell over 200 points in early trade Wednesday following weak global cues amid fresh foreign fund outflows. The 30-share was trading 215.44 points, or 0.61 per cent, lower at 35,259.07 points. The gauge had lost 300.37 points Tuesday. Sectoral indices led by IT, teck, metal, capital goods and power were trading in the negative zone with losses up to 2.70 per cent. The NSE Nifty too was trading 33.80 points, or 0.32 per cent, down at 10,622.40. Brokers said a weak trend in other Asian markets following extended rout at Wall Street Tuesday on disappointing earnings amid fears over slowing global growth on US-China trade dispute and the steady rise in interest rates, dampened sentiment here. However, crude oil prices dipping to one-year low in global market on supply concerns, capped the fall in the indices. Shares of aviation and oil marketing companies surged due to sharp drop of nearly 7 per cent in global crude oil prices. Shares of Jet Airways, InterGlobe and
Infosys to open three Innovation Hubs in Australia by 2020
The initiatives will form an education ecosystem through which Infosys would enable continuous learning opportunities. They include:
Indices drift lower in early trade
Stocks began trading on a negative note on subdued Asian indices. At 9:30 IST, the barometer index, the S&P BSE Sensex, was down 54.07 points or 0.15% at 35,420.44. The Nifty 50 index was down 19 points or 0.18% at 10,637.20.
Oil claws back some losses after 6-pct plunge, but outlook weak
SINGAPORE (Reuters) - Oil prices on Wednesday recovered some of the previous day's over 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports.
Indiabulls Housing Finance raises Rs 23,615 crore in last 2 months
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Energy firms track plunge in oil as Asian markets retreat
Asian markets sank again Wednesday, tracking a Wall Street rout, with energy companies suffering further losses following a collapse in oil prices. However, Nissan and Mitsubishi recovered slightly after France and Japan sought to reassure on the future of their tie-up with Renault following the arrest of head Carlos Ghosn on Monday. While investors in all sectors are essentially in selling mode, firms linked to the oil industry are among the worst hit as the price of crude continues to plunge on concerns about demand and high production. The commodity took another battering on Tuesday, with both main contracts down more than six per cent following another Wall Street sell-off and as traders fret that Saudi Arabia might not deliver on planned production cuts. Donald Trump's support for Riyadh in the case of murdered journalist Jamal Khashoggi has been taken by some observers as a move to prevent them from lowering output at the December meeting of OPEC and non-OPEC members. "At the ...