Page 1788 - Business Finance
Blue Cloud Softech Solutions reports standalone net profit of Rs 0.02 crore in the September 2018 quarter
Sales rise 83.87% to Rs 0.57 crore
Alan Scott Industries reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Sales reported at Rs 0.04 crore
Atlas Jewellery India standalone net profit rises 4766.67% in the September 2018 quarter
Sales decline 67.10% to Rs 0.51 crore
Transgene Biotek reports standalone net loss of Rs 2.67 crore in the September 2018 quarter
Reported sales nil
Kailash Auto Finance standalone net profit declines 37.84% in the September 2018 quarter
Sales decline 34.09% to Rs 0.29 crore
Shri Lakshmi Cotsyn reports standalone net loss of Rs 34.97 crore in the September 2018 quarter
Sales decline 59.39% to Rs 15.81 crore
Ansal Buildwell reports standalone net loss of Rs 4.38 crore in the September 2018 quarter
Sales decline 70.73% to Rs 4.92 crore
Monotype India reports standalone net loss of Rs 4.30 crore in the September 2018 quarter
Sales decline 89.97% to Rs 3.40 crore
Canton Fair Promotes Local Industrial Clusters to Global Buyers
/ -- During its 124th session, the China Import and Export Fair (Canton Fair) has implemented specialized promotional programs for local industrial clusters, helping them demonstrate their competitive products in local cluster exhibition zones. Cities participating in this zone include Taizhou, Zhejiang Province, Meishan, Sichuan Province, and Anxi and Jinjiang, Fujian Province. "The industrial cluster protocol is a win-win scenario for exhibitors and buyers," said Maggie Pu, Deputy Director General of the Foreign Affairs Office at Canton Fair. "Canton Fair has hosted 105 local industrial cluster promotion conferences and business-matching events for 20 provinces and cities. Local companies and industries have had the opportunity to meet global buyers, while buyers enjoy access to valuable products from a specialized region which may be unknown to competitors but have huge market potential." Regional Textile and Garment Industry Featured 7 textile and garment industrial clusters in ...
Oil markets heading into unprecedented uncertainty: IEA's Birol
OSLO (Reuters) - Oil markets are entering an unprecedented period of uncertainty due to geopolitcal instability, the head of the International Energy Agency said on Tuesday.
Sensex drops by 220 points on negative global cues
The BSE Sensex fell over 220 points taking cues from its Asian peers during the afternoon session on Tuesday as the Nifty also slipped below the 10,700-mark, despite both the domestic currency and crude oil prices being in the favourable zone.
Gold prices fall by Rs 100 on muted demand
Gold dropped by Rs 100 to Rs 32,000 per 10 gram Tuesday, extending its slide for the second day amid tepid demand from local jewellers even as the precious metal edged up globally. Silver followed suit and fell by Rs 200 to Rs 37,900 per kg, owing to reduced offtake by industrial units and coin makers. Traders said, gold prices took a hit owing to fading demand from local jewellers and retailers at the bullion market but a a firm trend overseas, restricted the fall. In the international market, gold gained 0.09 per cent to USD 1,226 an ounce and silver by 0.07 per cent to USD 14.50 an ounce in London. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 100 each to Rs 32,000 and Rs 31,850 per 10 gram, respectively. It had shed Rs 50 Monday. Sovereign gold, on the other hand, remained unchanged at Rs 24,800 per piece of eight gram in scattered deals. Tracking gold, silver ready continued its weakness and fell by another Rs 200 to Rs 37,900 per kg and ...
Bitcoin extends slide to below $4,500; loses 30 percent in a week
LONDON (Reuters) - Bitcoin tumbled more than 7.5 percent on Tuesday to below $4,500, knocking off nearly a third in value of the world's best-known cryptocurrency's losses within a week as a selloff in digital currencies intensified across the board.
Renault board to discuss interim replacement for Ghosn: sources
PARIS (Reuters) - The board of French carmaker Renault will on Tuesday discuss temporarily replacing Chairman and Chief Executive Carlos Ghosn while he remains in detention in Japan over alleged financial misconduct at alliance partner Nissan, sources familiar with the matter told Reuters.
Nissan shares slump as global alliance rocked by Ghosn arrest
TOKYO (Reuters) - Nissan Motor Co's shares fell nearly 6 percent on Tuesday as Chairman Carlos Ghosn's arrest a day earlier sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global alliance.
Oil India bucks trend after board approves buyback
Oil India rose 0.82% to Rs 202.70 at 13:48 IST on BSE after the company said its board approved the proposal to buyback 5.04 crore shares at Rs 215 each.
Ghosn not currently fit to lead Renault, says French finance minister
PARIS (Reuters) - Carlos Ghosn is no longer fit to lead Renault following his arrest in Japan, said the finance minister of France, which holds a key shareholding in Renault.
NBCC Q2 profit down 3% at Rs 76 cr; order book reaches nearly Rs 1 lakh cr
State-owned NBCC (India) posted 3 per cent decline in consolidated net profit at Rs 76.24 crore for the quarter ended September 2018. Its net profit stood at Rs 78.59 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 1,465.30 crore during the second quarter of this fiscal from Rs 1,363.41 crore in the corresponding period of the previous year. On standalone basis, NBCC posted 16 per cent rise in net profit to Rs 85.96 crore in the reported quarter as against Rs 74.12 crore in the year-ago period, the company said in a statement Tuesday. Total income rose 43 per cent to Rs 1,646.48 crore from Rs 1,153.71 crore during the period under the review. NBCC CMD Anoop Kumar Mittal said EBITDA of this quarter is not comparable with same quarter of the previous year. In the September quarter of 2017-18, the company accounted for some upfront fee for DPR (detailed project report) preparation as per the old policy but with change in accounting norms from April
Nissan shares plunge as Ghosn faces ouster after arrest
Nissan and Mitsubishi shares plunged Tuesday, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. Details began to emerge about the allegations against Ghosn, whose arrest sent shockwaves through the auto industry, including claims that "huge sums" were spent on homes for him in four countries. His legacy appeared in danger of total collapse, with his own handpicked successor as Nissan CEO accusing Ghosn of accruing too much power, in what he called the "dark side" of his leadership. The spectacular fall of the Brazil-born executive, which Japan's top government spokesman called "truly regrettable," also raised questions about the future of the sometimes fractious alliance he led of Nissan, Mitsubishi and Renault. Nissan and Mitsubishi have said they will propose his removal as chairman, with Renault's board also meeting to discuss his fate. The automakers and Japanese government officials said they would work to ...
Market breadth turns weak
Key benchmarks hit fresh intraday low in afternoon trade, dragged by weakness in ICICI Bank, Infosys, and Yes Bank. At 13:28 IST, the barometer index, the S&P BSE Sensex, was down 169.57 points or 0.47% at 35,605.31. The Nifty 50 index was down 64.45 points or 0.60% at 10,698.95. Negative global cues put pressure on domestic stocks.