Page 1782 - Business Finance
IT stocks fall up to 3% on strengthening rupee
Shares of IT companies fell by up to 3 per cent Tuesday on a stronger rupee. The scrip of Wipro dropped 2.59 per cent, Infosys declined 1.64 per cent and TCS 1.28 per cent on BSE. Also, Tech Mahindra shares fell by 2.90 per cent, HCL Technologies 2.58 per cent and Hexaware Technologies 1.31 per cent. Led by losses in these stocks, the BSE IT index fell 1.74 per cent to end at 13,862.09. The rupee continued its rising spree for the sixth straight day, and strengthened by another 20 paise to trade at nearly three-month high of 71.47 against the dollar in late afternoon trade. Weak rupee is largely seen as positive for export-focussed sectors such as the Indian IT space.
Arrest of Nissan's Ghosn in financial probe stuns
The arrest of Nissan Motor Co's chairman Carlos Ghosn amid a financial probe prompted by a whistleblower caused the automaker's shares to tumble Tuesday and left many in Japan and elsewhere stunned by his downfall. Prosecutors said they were holding Ghosn for allegedly collaborating to falsify securities statements and underreport Ghosn's income. A second Nissan executive, Greg Kelly, was also suspected of collaborating with him to underreport some USD 44.6 million in Ghosn's income from 2011-2015. "It's extremely regrettable," Chief Cabinet Secretary Yoshihide Suga told reporters. "We will watch developments closely." The scandal abruptly threw into question Ghosn's future as leader of the Renault-Nissan-Mitsubishi alliance, which sold 10.6 million cars last year, more than any other manufacturer. Ghosn was arrested Monday and Nissan's CEO Hiroto Saikawa said the company's board will meet on Thursday to approve his dismissal. Prosecutors refused to say where he was being held in ...
Listed firms need to improve disclosures on cybersecurity and
Top listed Indian companies need an improvement in their disclosures on cybersecurity and sustainability, a study by an advisory firm said Tuesday. Over 56 per cent of the top 100 listed companies do not provide information regarding cybersecurity or data security risk mitigation in their annual reports, the study by FTI Consulting has said. Nearly half of the top 100 listed companies provide sustainability reports without international benchmarks such as Global Reporting Initiative standards, it said, which is much higher than the ASEAN standards. The disclosures report, which is proxy for governance standards at companies, assesses companies on 12 parameters based on disclosed information. "Greater transparency and better corporate governance can set Indian companies apart from emerging-market peers, which is imperative when companies are competing for global investments and capital," said Amrit Singh Deo, a managing director in the strategic communications segment at .
Bitcoin extends slide below $4,500, new 2018 low
LONDON (Reuters) - Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500, bringing the world's best-known cryptocurrency's losses to 30 percent within a week as a selloff in digital currencies intensified across the board.
India-based Motif, Inc., Rebrands as TTEC
/ -- Company to Continue Delivering Customer Experience Solutions, including Trust and Safety Services, from Ahmedabad, Gujarat TTEC (NASDAQ: TTEC), a leading global technology and services provider focused exclusively on the design, implementation and delivery of transformative customer experience for many of the world's most iconic and disruptive brands, today announced that India-based Motif, Inc., has been rebranded to TTEC. In November 2018, the acquisition completed its 1st anniversary. The global teams worked closely with the Motif team to ensure a smooth integration of business operations into the TTEC organization. The acquisition has broadened TTEC services to include trust and safety and content moderation while simultaneously adding India as a strategic delivery location option for clients. In addition, the India-based operations team also provides customer care services across a variety of digital channels to support client programs. "With the successful integration of ...
Nifty November 2018 futures at small premium
Turnover rises
Sugar Output Down Around 15%
Domestic Sugar production as on 15th November 2018 was 11.63 lakh tons, as compared to 13.73 lakh tons produced as on 15th November, 2017, witnessing a drop of around 15% over year, a latest press release from the Indian Sugar Mills Association (ISMA) stated in a latest update. As expected, crushing for sugar season 2018-19 has started on time. As on 15th November 2018, 238 sugar mills were already crushing sugarcane, as compared to 349 sugar mills which were crushing sugarcane last year on 15th November 2017.
Thomas Scott India reports standalone net loss of Rs 0.18 crore in the September 2018 quarter
Sales rise 42.94% to Rs 5.16 crore
Pradip Overseas reports standalone net profit of Rs 1.90 crore in the September 2018 quarter
Sales rise 5.87% to Rs 29.57 crore
Advik Laboratories reports standalone net loss of Rs 0.31 crore in the September 2018 quarter
Sales decline 42.66% to Rs 0.82 crore
Natco Economicals standalone net profit declines 44.44% in the September 2018 quarter
Sales decline 51.72% to Rs 0.14 crore
Roopa Industries standalone net profit declines 60.00% in the September 2018 quarter
Sales rise 7.84% to Rs 4.40 crore
Radford Global reports standalone net profit of Rs 0.02 crore in the September 2018 quarter
Sales decline 2.62% to Rs 3.35 crore
Kuwer Industries reports standalone net loss of Rs 0.40 crore in the September 2018 quarter
Sales rise 21.55% to Rs 11.00 crore
Urja Global standalone net profit rises 43.90% in the September 2018 quarter
Sales rise 8.48% to Rs 30.96 crore
Yash Management & Satelite standalone net profit declines 86.67% in the September 2018 quarter
Reported sales nil
NCC Blue Water Products standalone net profit rises 2850.00% in the September 2018 quarter
Reported sales nil
KMG Milk Food reports standalone net loss of Rs 0.31 crore in the September 2018 quarter
Sales rise 100.00% to Rs 0.04 crore
Indrayani Biotech reports standalone net loss of Rs 0.05 crore in the September 2018 quarter
Reported sales nil
ITL Industries standalone net profit rises 112.05% in the September 2018 quarter
Sales rise 42.47% to Rs 27.24 crore