Page 1801 - Business Finance
Winsome Yarns reports standalone net loss of Rs 2.95 crore in the September 2018 quarter
Sales decline 5.64% to Rs 69.95 crore
Ansal Properties & Infrastructure reports standalone net loss of Rs 37.15 crore in the September 2018 quarter
Sales decline 18.88% to Rs 61.86 crore
Ruttonsha International Rectifier standalone net profit rises 408.33% in the September 2018 quarter
Sales rise 48.51% to Rs 12.00 crore
Addi Industries reports standalone net loss of Rs 0.15 crore in the September 2018 quarter
Reported sales nil
Transpek Industry standalone net profit rises 71.86% in the September 2018 quarter
Sales rise 57.07% to Rs 143.23 crore
Man Infraconstruction consolidated net profit rises 6.28% in the September 2018 quarter
Sales decline 39.20% to Rs 58.36 crore
Thakkers Developers reports consolidated net profit of Rs 4.14 crore in the September 2018 quarter
Sales rise 36.82% to Rs 8.25 crore
Prag Bosimi Synthetics reports consolidated net loss of Rs 2.48 crore in the September 2018 quarter
Sales rise 2504.95% to Rs 26.31 crore
In Dubai, U.S. sanctions pressure historic business ties with Iran
DUBAI (Reuters) - With its Persian restaurants and shop signs in Farsi, Murshid Bazaar, a dense maze of alleys in Dubai's old quarter, has for decades been a centre for small-scale trade with Iran.
German growth to rebound towards year-end - Bundesbank
FRANKFURT (Reuters) - German growth will rebound after a poor third quarter as the economy works through one-off issues that held it back through the summer months, the Bundesbank said in a monthly economic report on Monday.
Gold firm as uncertainty about U.S. rates saps dollar
BENGALURU (Reuters) - Gold inched higher on Monday as comments by U.S. Federal Reserve officials on the economy raised uncertainty about how much more U.S. interest rates would rise, weighing on the dollar.
Carlos Ghosn, the cost cutter with a big price tag
PARIS (Reuters) - In his 40 years in the auto industry, the praise Carlos Ghosn has won for turning around businesses has regularly been matched by criticism over the amount he has been paid to do it.
Demand growing for portable oxygen cans
With growing air pollution and increase in number of people with pulmonary problems, the demand for portable oxygen cans is increasing in India, says a company which manufactures cans and light weight oxygen cylinders.
Assets of NTR's grand-daughter pegged at over Rs 5 crore
: Founder of Telugu Desam Party N T Rama Rao's grand-daughter Nandamuri Suhasini contesting from Kukatpally constituency for the December 7 Assembly elections in Telangana declared in her election affidavit Monday that she has 2.22 kg of gold and precious stones worth Rs 30 lakh. Suhasini, a law graduate and daughter of former Rajya Sabha MP Hari Krishna who died in a car crash in August, has Rs 10.53 lakh as income during the last fiscal year and her family has immoveable assets worth Rs 5.83 crore with a liability of Rs 1.46 crore. Her rival Madhavaram Krishna Rao of Telangana Rashtra Samithi (TRS) declared Rs 3.40 lakh as income during the last fiscal. He owns Rs 50 lakh worth of moveable properties and about Rs 2 crore worth of immovable assets with Rs 7.14 lakh as liabilities.
Nissan to fire Ghosn over financial misconduct allegations
TOKYO (Reuters) - Nissan Motor Co Ltd said it planned to oust Chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious acts of misconduct.
Nissan chief Ghosn arrested over financial misconduct: reports
Nissan chairman Carlos Ghosn was reportedly under arrest in Tokyo on Monday, as his firm accused him of "significant acts of misconduct" and said it would seek to oust him. Japan's public broadcaster NHK and other media outlets said Ghosn had been arrested after being questioned by Japanese prosecutors for various improprieties including underreporting his income. "The Tokyo District Public Prosecutor's Office arrested Nissan chairman Ghosn on suspicion of violation of the Financial Instruments and Exchange Act," NHK said. In a statement, Nissan said it had been conducting a probe into Ghosn for several months after receiving a whistleblower report and had uncovered misconduct going back several years. The Tokyo prosecutor's office had no comment on the reports about Ghosn, who also heads an alliance of Renault, Nissan and Mitsubishi. Nissan said it had launched an investigation into both Ghosn and Representative Director Greg Kelly several months ago. "The investigation showed that ..
Jet Airways shares slump 7%
Shares of Jet Airways slumped 7 per cent Monday after Tata Sons said no concrete "proposal" had been made by the group so far for acquiring the beleaguered carrier. The stock dropped 6.88 per cent to settle at Rs 323 on BSE. During the day, it tumbled 12.57 per cent to Rs 303.25. On NSE, shares of the company cracked 6.92 per cent to close at Rs 322.50. In terms of equity volume, 36.37 lakh shares of the company were traded on BSE and over 3 crore shares changed hands on NSE during the day. Tata Sons Friday confirmed its interest in acquiring the beleaguered Jet Airways but said no concrete "proposal" had been made by the group so far. "Over the last few days there has been growing speculation about Tata's interest in Jet Airways. We would like to clarify that any such discussions (to acquire Jet Airways) have been preliminary and no proposal has been made," Tata Sons had said in a statement. Meanwhile, hundreds of passengers of Jet Airways were left stranded at the Mumbai airport ...
From time to time, govt is providing support to Air India: Choubey
The government is providing required support to debt-laden Air India from time to time and no money is being given to the airline without checks and balances, a senior official said Monday. The national carrier, which is staying afloat on taxpayers' money, is working on ways to revive its fortunes. Civil Aviation Secretary R N Choubey said that from time to time, whatever support Air India needs that is being provided. "Without checks and balances, no money would be given to them. Efficiency and improvement, which Air India has to ensure, are being monitored," he told reporters here. Earlier this year, the government's efforts for strategic disinvestment of Air India failed to take off as no bidders evinced interest when the deadline for initial bids ended on May 31. Choubey also said that equity infusion has been made into the airline. An official said the government is looking at restructuring the Air India's debt. It has been making losses since its merger with Indian Airlines in ..
Danske Bank whistleblower says his warnings went unheeded
COPENHAGEN (Reuters) - The whistleblower who helped reveal suspected money laundering involving Danske Bank told Denmark's parliament on Monday that the bank had not heeded his warnings and had later offered him money to keep quiet.
Sensex jumps over 300 pts; Nifty ends at 10,763.40
Domestic shares jumped on Monday, on improving risk appetite backed by stability in crude oil prices and foreign portfolio investors turning net buyers of Indian equities in the past few trading sessions. Shares also rallied on hopes that the government and the Reserve Bank of India (RBI) could bury their differences at a crucial central bank board meeting today, 19 November 2018.