Page 1838 - Business Finance
Tokyo Finance reports standalone net profit of Rs 0.08 crore in the September 2018 quarter
Sales decline 13.33% to Rs 0.39 crore
Asian Food Products reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Reported sales nil
India has Rs 1,500 cr bank guarantee on offsets in Rafale deal
India has secured a bank guarantee for about Rs 1,500 crore from Dassault in the Rafale jet deal as a safeguard against any violations of the offset policy prepared in accordance with the Defence Procurement Procedure (DPP), a leading financial daily said on Friday.
Spectra Industries reports standalone net loss of Rs 0.52 crore in the September 2018 quarter
Sales decline 99.20% to Rs 0.32 crore
Phoenix International standalone net profit rises 57.14% in the September 2018 quarter
Sales rise 28.55% to Rs 10.76 crore
Overseas Synthetics reports standalone net profit of Rs 0.05 crore in the September 2018 quarter
Sales reported at Rs 1.71 crore
Simplex Infrastructures standalone net profit declines 12.03% in the September 2018 quarter
Sales rise 18.70% to Rs 1479.09 crore
Titan Intech standalone net profit rises 100.00% in the September 2018 quarter
Sales decline 48.52% to Rs 2.61 crore
Bee Electronic Machines reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Reported sales nil
Gujarat Themis Biosyn standalone net profit rises 48.89% in the September 2018 quarter
Sales rise 10.28% to Rs 10.51 crore
Blue Blends (India) reports standalone net loss of Rs 6.21 crore in the September 2018 quarter
Sales decline 55.65% to Rs 11.42 crore
Sensex, Nifty end higher for 2nd session on strong fund inflow, firm rupee
The BSE Sensex Friday continued its rising streak for the second day to end at near a four-week high of 35,436.33, fuelled by gains in Reliance Industries and other blue-chips amid continued foreign fund inflows and strengthening rupee. A higher opening in European shares too influenced sentiments here. Both benchmark indices - Sensex and Nifty - recorded their third straight weekly gains by rising 298.61 points and 97 points, respectively. The Sensex opened higher and advanced further to scale the day's high of 35,545.85, but settled at 35,457.16 points, a gain of 196.62 points, or 0.56 per cent, due to profit-taking activity. This is the highest closing since October 17, when it had closed at 34,779.58. The gauge had risen 119 points in Thursday's trade. The 50-share NSE Nifty settled 65.50 points, or 0.62 per cent higher, at 10,682.20 after shuttling between 10,695.15 and 10,631.15. Meanwhile, the rupee was trading higher by 25 paise at 71.72 against the American currency ...
Euro zone inflation confirmed at six-year high in October
BRUSSELS (Reuters) - Euro zone inflation rose in October at its fastest pace in nearly six years, driven by energy prices, the European Union statistics agency said on Friday, confirming its earlier estimate.
Myntra-Jabong CEO Ananth Narayanan denies he is quitting
MUMBAI (Reuters) - The chief of Flipkart Group's Myntra-Jabong fashion business on Friday denied a media report that he will quit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal.
Karnataka may cancel iron ore mine lease to NMDC: Karnataka mining secretary
NEW DELHI (Reuters) - Karnataka has warned National Mineral Development Corporation (NMDC) Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay 80 percent premium on the sale of ore.
Reuters Summit: Asian equities have already priced in most bad news on trade - AIA CIO
HONG KONG (Reuters) - Asian equity markets have already discounted much of the bad news about the trade war between Beijing and Washington and the slowdown in China economy could offer some bargains in 2019, insurer AIA Group's chief investment officer said.
Volkswagen CEO to take responsibility for China business: source
HAMBURG (Reuters) - Volkswagen chief executive Herbert Diess will take on responsibility for the carmaker's business in China, a source said as VW's supervisory board met in Wolfsburg on Friday.
Oil firms on supply cut talk; still set for sixth weekly loss
LONDON (Reuters) - Oil rose on Friday on hopes that supply cuts will be agreed at OPEC's meeting on Dec. 6, but failed to recoup recent losses on oversupply concerns that have shaved more than a fifth off the Brent crude benchmark since early October.
Vedanta sells copper concentrate from stockpiles at shuttered India smelter
NEW DELHI/SHANGHAI (Reuters) - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns.
IT raids on Deepak Fertilisers
Deepak Fertilisers and Petrochemicals Corporation Friday said the Income Tax department was carrying out search and seizure operations in the company's office premises and plants since Thursday. "The search and seizure operations are still continuing, and the company is extending full cooperation...," the Pune-based company said in a regulatory filing. The company assured that it is following the highest standard of corporate governance and compliances while conducting its business operations and would continue to do so. "We will keep all the stakeholders informed of the outcome, on conclusion of the search proceedings," it added. Deepak Fertilisers has posted a consolidated net profit of Rs 18.51 crore for the second quarter of 2018-19, down from Rs 42.73 crore clocked in the same quarter previous fiscal.