Page 1815 - Business Finance
Combat Drugs standalone net profit declines 8.33% in the September 2018 quarter
Sales rise 504.55% to Rs 1.33 crore
Virat Crane Industries standalone net profit rises 1.20% in the September 2018 quarter
Sales decline 3.47% to Rs 20.05 crore
Oil prices climb amid expected OPEC cut, but markets remain wary
SINGAPORE (Reuters) - Oil prices rose around 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards year-end.
Japan's Fuji Oil plans to resume Iran oil loadings from January: sources
TOKYO/SINGAPORE (Reuters) - Japanese refiner Fuji Oil Co is set to resume Iranian crude purchases after Japan received a waiver from U.S. sanctions on Tehran, industry sources familiar with the matter said.
Ex-Telecom Italia CEO seeks shareholder vote after Gubitosi named new boss
ROME/MILAN (Reuters) - Telecom Italia (TIM) appointed Luigi Gubitosi as chief executive on Sunday, in a move seen as portending a more aggressive shake-up at the phone group and prompting his predecessor to call for a shareholder vote on the strategy turn.
Analysis: With new CEO, Telecom Italia 'opera' edges towards finale
MILAN (Reuters) - Barely a year into the job as the boss of Italy's biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate.
Dr Reddy's Labs in focus after plant clears USFDA audit
Dr Reddy's Laboratories announced that the audit of its formulations Srikakulum plant (SEZ) Unit II, Andhra Pradesh by the US Food and Drug Administration (USFDA), completed on 16 November 2018 with zero observations. The announcement was made after market hours on Friday, 16 November 2018.
Syncom Healthcare reports standalone net loss of Rs 0.75 crore in the September 2018 quarter
Sales rise 19.57% to Rs 14.97 crore
Sai Baba Investment and Commercial Enterprises reports standalone net profit of Rs 0.11 crore in the September 2018 quarter
Sales rise 7.69% to Rs 0.28 crore
Jayshree Chemicals reports standalone net loss of Rs 1.22 crore in the September 2018 quarter
Sales rise 32.79% to Rs 1.62 crore
Corporate Merchant Bankers reports standalone nil net profit/loss in the September 2018 quarter
Sales decline 50.00% to Rs 0.03 crore
Chandra Prabhu International reports standalone net profit of Rs 1.51 crore in the September 2018 quarter
Sales decline 4.01% to Rs 22.29 crore
Daulat Securities reports standalone net loss of Rs 0.54 crore in the September 2018 quarter
Sales reported at Rs -0.50 crore
Jaihind Synthetics reports standalone net profit of Rs 0.03 crore in the September 2018 quarter
Sales decline 16.67% to Rs 0.05 crore
Market may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 19 points at the opening bell.
Most Asian markets rise as investors weigh China-US trade row
Asian markets mostly rose Monday but investors were keeping a close eye on the China-US trade row after Donald Trump's optimistic comments on a possible deal were offset by a war of words between his vice president and Xi Jinping. The mood across the region was a little calmer at the start of the week, providing some much-needed support after the volatility of seven days ago, with oil stabilising and the Federal Reserve tempering fears about its plans for interest rate hikes. US markets provided a positive lead after Trump said Friday that Beijing had made overtures toward resolving their trade war, meaning he might hold off imposing another round of tariffs. The president's comments followed an indication from one of his top economics advisers that talks were under way ahead of a planned meeting at the G20 in Argentina at the end of this month. However, hopes for an early agreement were jolted by a spat at the weekend APEC meeting between Mike Pence and Xi over China's economic and ..
Global Markets: Asia shares inch up, Fed caution curbs dollar
SYDNEY (Reuters) - Asian shares crept cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while the Federal Reserve's new-found concern on the global economy undermined the dollar.
BJP removed 'Bimaru' tag from MP, paved way for development: Jaitley
Union Finance Minister Arun Jaitley on Sunday said that the Bharatiya Janata Party government in the last 15 years has completely overhauled the image of Madhya Pradesh by pushing it on the path of development and altering its earlier image of a backward state."Fifteen years back Madhya Pradesh was considered as a backward state but now not only the state is moving forward on the path of development but also the view of the people and their agenda has changed. This change has happened during the BJP government under the leadership of Chief Minister Shivraj Singh Chouhan," Jaitley said while addressing an intellectuals' meet here on Sunday.Recalling his stint as the state convener of BJP in 2003, he said, "In those days Madhya Pradesh would always figure on the 22nd or 25th position in the list of the developed state. It was one of the states which were considered 'Bimaru' states since after independence. At that time only road, electricity and water would be the issues. It would feel .
Jet Airways cancels 10 flights from Mumbai, flyers stranded
Hundreds of passengers of Jet Airways were left stranded at the city airport after the carrier cancelled 10 domestic flights from here on Sunday, an airline source said. The Jet Airways said the flights were cancelled from the Chhatrapati Shivaji Maharaj International Airport (CSMIA) due to "operational issues". However, the airline source claimed it was due to pilots' scarcity. "Jet Airways had to cancel a few domestic flights of date (November 18) due to operational reasons. Guests of the affected flights were duly informed about their flight status via SMS alerts. In accordance with regulatory policy, guests have been re-accommodated and or compensated," the airline said in a statement. The airline said it regrets the inconvenience caused to its guests. The airline source said the carrier has not been regular in paying salaries to pilots, engineers and senior management for quite some time now. Facing cash crunch, the Naresh Goyal-controlled private carrier has lost a good number .
Altico Capital invests Rs 120 cr in Century group's Bengaluru housing project
Altico Capital has invested Rs 120 crore in an affordable housing project being developed by Bengaluru-based realty firm Century group. Altico Capital is the non-banking finance company promoted by Clearwater Capital (now Fiera Capital), Abu Dhabi Investment Council and Varde Partners. It has invested Rs 120 crore in the Century group project 'Century Greens' at North Bengaluru where the realty firm is doing plotted development. The plots are priced between Rs 25-50 lakh. "We are delighted to partner again with a strong group like Century with whom we have a history of successful exits. The new investment is against an ongoing plotting project which fits into our philosophy of investing in affordable and mid-market projects of ticket sizes below INR 50 lakhs," said Sanjay Grewal, CEO of Altico Capital. This is Altico Capital's second investment in the Century group. In 2015, it had co-invested Rs 765 crore with Piramal group in a portfolio of projects. The new investment has been made