Page 1846 - Business Finance
J D Orgochem reports standalone net loss of Rs 0.23 crore in the September 2018 quarter
Sales rise 35.71% to Rs 0.19 crore
Madhav Marbles and Granites reports standalone net profit of Rs 1.50 crore in the September 2018 quarter
Sales rise 18.52% to Rs 20.99 crore
Peria Karamalai Tea & Produce Company reports standalone net loss of Rs 1.04 crore in the September 2018 quarter
Sales rise 15.90% to Rs 11.08 crore
Indices trim gains; breadth positive
The market trimmed gains in mid-morning trade as profit selling emerged at higher levels. At 11:19 IST, the barometer index, the S&P BSE Sensex, was up 201.96 points or 0.57% at 35,462.50. The Nifty 50 index was up 56.90 points or 0.54% at 10,673.60. Sentiment was boosted by hopes of a halt in the China-US trade conflicts. Most IT and pharmaceutical shares rose.
Financial services education portal 'Money Matters' launched
Money Matters (www.money-matters.in) is a new online financial services education portal that simplifies financial concepts by Cartoon Mascot Duo - CMD Rajesh Sharma and Brajesh Sharma. Both are brand mascots of the education portal. The website has detailed information in the form of short articles, educational videos, infographics and question-answers by the duo.Research has shown that most Indians still park majority of their financial savings in traditional bank fixed deposits (FDs). The small percentage of people who have ventured into high risk investment avenues for better returns have mostly faltered due to their limited understanding of financial concepts or mis-selling. For Money Matters Financial Services education led by Cartoon Mascot Duo - CMD Rajesh Sharma and Brajesh Sharma aims to deliver financial literacy and drive awareness in a simple, easy and fun manner.According to Money Matters, financial services are still a nascent area where instead of trust-based ...
Volumes jump at Mindtree Ltd counter
Mindtree Ltd witnessed volume of 17.21 lakh shares by 10:48 IST on BSE, a 52.63 times surge over two-week average daily volume of 32705 shares
Global Markets: Asia shares absorb Nvidia blow, sterling licks its wounds
SYDNEY (Reuters) - Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector.
PNG paves way towards new natural gas project
Papua New Guinea Friday signed a deal with energy giants Total and ExxonMobil on a proposed new project that would significantly boost the natural gas exports from the poor Pacific Island nation. The parties hope to finalise the Papua LNG (liquefied natural gas) project by the first quarter of next year, the French firm said in a statement, adding that they would launch initial engineering studies. The new project, if realised, will complement production from a USD 19-billion natural gas plant developed by ExxonMobil that began shipping gas throughout Asia in 2014. In a speech at a gathering of business leaders in Port Moresby, Total CEO Patrick Pouyanne described the deal as a "first stone, an important stone" towards developing the production of natural gas, which he said would be at the "core of the evolution of the energy landscape." It would involve two new "trains" -- or production units -- of 2.7 million tonnes per year. Total said the proposed project -- located in the Gulf ...
CARE assigns ratings for subsidiaries of PNC Infratech
PNC Triveni Sangam Highways Long term Bank facilities - Provisional CARE A-; Stable (Provisional Single A Minus; Outlook : Stable) Assigned
Shares extend early gains
Key equity indices extended early gains and hit fresh intraday high in morning trade. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 246.99 points or 0.70% at 35,507.53. The Nifty 50 index was up 61.90 points or 0.58% at 10,678.60. Sentiment was boosted by hopes of a halt in the China-US trade conflicts.
SRF gains after commissioning chemical complex
SRF rose 0.69% to Rs 2,069.25 at 09:55 IST on BSE after the company announced that the facility to produce agrochemical at Chemical Complex in Dahej, Gujarat has been commissioned.
PSL franchises seek bigger share in revenues
Franchises in the Pakistan Super League have asked for a bigger share in revenues generated by the Pakistan Cricket Board from sale of title, media and other rights. Nadeem Omar who owns the Quetta Gladiators franchise told the media in Karachi on Thursday after a meeting with PCB chairman, Ehsan Mani, that the board needed to help franchises recover their losses after the first three seasons of the league. "We have sent a letter to the PCB suggesting that they increase the share of the franchises in the revenues generated by sale of media, title and other rights and decrease their percentage of share," Omar said. He pointed out that franchises were an integral part of the PSL and the PCB can help them recover from financial burdens. "Let us see what the PCB does but we are expecting them to generate good revenues from the fresh sale of media, title and other rights now before the season four," he said. The PCB has already sold the title rights again to Habib bank for 1.5 billion an ..
Independent body to moderate content at Facebook
Facebook will establish an independent body next year to oversee user appeals of content, thereby admitting that it should not take a call on free expression and safety on its own, CEO Mark Zuckerberg has said.
Punjab & Sind Bank inches higher after setting MCLR
Punjab & Sind Bank rose 2.39% to Rs 29.95 at 09:28 IST on BSE after the bank intimated about the revised marginal cost of funds based lending rate applicable from 16 November 2018.
NBCC (India) Ltd Falls 3.39%
NBCC (India) Ltd has added 3.82% over last one month compared to 6.32% gain in S&P BSE India Infrastructure index and 1.83% rise in the SENSEX
63 Moons Technologies Ltd Spikes 4.98%
63 Moons Technologies Ltd has added 27.78% over last one month compared to 3.98% fall in S&P BSE IT Sector index and 1.65% rise in the SENSEX
Lemon Tree Hotels signs license agreement for property in Bhubaneshwar
Carnation Hotels, the hotel management arm of the Company will be operating and marketing this hotel.
IDBI Bank gets affirmation in long term issuer ratings from S&P
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New Delhi Television completes divestment of stake held in subsidiary
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Global cues, healthy macro-data buoy equity indices
Broadly positive Asian markets along with healthy macro-economic trade data and low crude oil prices buoyed the key Indian equity indices during the early morning trade session on Friday.