Page 1785 - Business Finance

Foundry Fuel Products reports standalone net loss of Rs 0.02 crore in the September 2018 quarter

Reported sales nil

Uniworth Textiles standalone net profit declines 32.08% in the September 2018 quarter

Reported sales nil

Yogi Infra Projects standalone net profit rises 25.00% in the September 2018 quarter

Reported sales nil

Deccan Polypacks reports standalone net profit of Rs 1.15 crore in the September 2018 quarter

Sales reported at Rs 0.03 crore

Chordia Food Products standalone net profit declines 11.11% in the September 2018 quarter

Sales decline 10.14% to Rs 13.12 crore

Easun Reyrolle reports standalone net loss of Rs 4.06 crore in the September 2018 quarter

Sales decline 15.88% to Rs 3.76 crore

Remi Sales & Engineering standalone net profit rises 320.69% in the September 2018 quarter

Sales rise 14.64% to Rs 29.06 crore

Scooters India reports standalone net loss of Rs 0.08 crore in the September 2018 quarter

Sales rise 104.35% to Rs 18.33 crore

Indian social impact startups growing at 20%: Nasscom

Social impact startups in India are growing at an annual rate of 20 per cent and currently there are over 400 such startups in the country, said Sangeeta Gupta, Senior Vice President of Nasscom, here on Tuesday.

Iran to cap petrol sales to curb smuggling

Iran is reintroducing fuel cards that will cap petrol purchases in a bid to combat rampant smuggling, state media reported on Tuesday. Smuggling has boomed in recent months as the rial has plummeted against the dollar in the face of the reimposition of crippling US sanctions following Washington's withdrawal from a landmark 2015 nuclear deal between major powers and Tehran. The Islamic republic has some of the most heavily subsidised petrol in the world, with a pump price of around USD 0.08 per litre (less than two US cents per gallon). Low fuel prices have led to high consumption, with Iran's 80 million population buying an average of 90 million litres (20 million gallons) per day, according to state news agency IRNA. They have also fuelled very high levels of smuggling -- estimated at around 10 to 20 million litres (2.2 million - 4.5 million gallons) per day, IRNA said. Much of it heads across the border to Pakistan, where petrol costs 10 times, and diesel around 40 times, as much ..

Nitesh Kumar replaces Kalyan Ramamurthybe as new CEO of Emami Realty

Kumar, who succeeds Kalyan S Ramamurthy, has an experience of 25 years, of which he spent 19 years in the TDI Group. He quit TDI group in September

Update on change in equity structure of JV - Minda Furukawa Electric

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Market snaps 3-day rising streak; Nifty ends at 10,656.20

The market ended with sharp losses, snapping three sessions of gains, weighed by slide in index heavyweights HDFC, Infosys and Reliance Industries. IT, metal and pharmaceutical shares witnessed steep selling pressure. Sentiment took a hit on weakness in other Asian and European indices following overnight slump on the Wall Street. Further, the outcome of the Reserve Bank of India's board meeting also failed to impress investors.

Quick Wrap: Nifty Metal Index registers a drop of 2.83%

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Gold eases within tight range as dollar firms

BENGALURU (Reuters) - Gold inched lower on Tuesday, pressured by a slight uptick in the dollar and held a narrow range in light trade ahead of the U.S. Thanksgiving holiday.

YES Bank shares slump over 6% after independent director's resignation

Shares of YES Bank Tuesday slumped over 6 per cent after independent director Rentala Chandrashekhar put in his papers marking the third resignation from the company's board. The stock plunged 6.10 per cent to close at Rs 192.55 on BSE. During the day, it tumbled 6.73 per cent to Rs 191.25. At NSE, shares of the company tanked 6 per cent to end at Rs 192.50. The stock was the worst hit among the blue chips on both the key indices during the day. The company's market valuation dropped Rs 2,849.63 crore to Rs 44,501.37 crore on BSE. In terms of equity volume, 69.21 lakh shares of the company were traded on BSE and over 7 crore shares changed hands at NSE during the day. "We would like to inform that Rentala Chandrashekhar, Non-Executive, Independent Director has tendered his resignation from the board of directors of YES Bank on November 19, 2018 with immediate effect," the bank had said in a filing. The bank cited personal reasons for Chandrashekhar's resgnation. On November 14, the ...

CSS Corp's customer ALE wins certified support Staff Excellence Center Award 2018

CSS Corp, a new-age IT services and technology-support company, today announced that its customer ALE International operating under the Alcatel-Lucent Enterprise brand (ALE) has been awarded Certified Support Staff Excellence Center status for operational excellence in their support operations, a fourth year in a row. The recognition was awarded by the Technology Services Industry Association (TSIA).CSS Corp has been providing technical support to ALE for over 16 years in order to enable the company to deepen client engagements and bring exemplary customer service. Leveraging CSS Corp's technology support platforms, ALE was able to bring down recurring ticket incidents by nearly 20%, while fully resolving customer queries, thus improving customer satisfaction across four regions and global support centers.CSS Corp works with 30 out of the top 50 major global telecom service provider/telecom operator companies globally, enabling them to deliver seamless customer engagement while ...

Cargill appoints Piyush Patnaik as new MD of edible oil biz in India

US food major Cargill Tuesday announced appointment of Piyush Patnaik as managing director of its edible oils business in India. Cargill India sells edible oils under various brands including NatureFresh and Gemini. It markets olive oil under 'Leonardo' brand. "Patnaik will be taking over from Deoki Muchhal who has left the organisation after 15 years," Cargill said in a statement. The new MD joined Cargill in 2006 and has held key positions in various functions including procurement, sales, business development, M&A and supply chain management. Patnaik brings over 18 years of in-depth industry experience. Most recently, he was the strategy and business development head for Cargill's oils business in India. Prior to joining Cargill, Patnaik worked with large consumer companies including Coca-Cola and Dabur. "Cargill's oil business in India has thrived under many inspiring leaders and it is a privilege for me to now lead this winning team. I look forward to building upon our ...

U.S. Fed's Quarles to chair international regulations body

LONDON (Reuters) - Federal Reserve Governor Randal Quarles is set to be appointed the head of the Financial Stability Board in a bid to keep a sceptical United States engaged in the international body, two people with knowledge of the discussions said on Monday.

Brexit chill and insurance scandal hit UK bank CYBG

(Reuters) - British bank CYBG said it would take another 150 million pound ($193 million) charge related to an industry-wide scandal over mis-sold insurance policies, helping to send its shares down as much as 10 percent on Tuesday.