Page 1856 - Business Finance
IVP standalone net profit declines 71.64% in the September 2018 quarter
Sales rise 18.75% to Rs 73.65 crore
Manvijay Development Company reports consolidated net loss of Rs 0.03 crore in the September 2018 quarter
Reported sales nil
Usha Martin Education & Solutions reports consolidated net loss of Rs 0.05 crore in the September 2018 quarter
Sales decline 20.83% to Rs 0.19 crore
Cox & Kings consolidated net profit declines 42.03% in the September 2018 quarter
Sales rise 19.35% to Rs 1864.46 crore
Explainer: What is equivalence? Britain's banks face patchy EU access
LONDON (Reuters) - Britain and the European Union have agreed a deal that will give London's financial centre the same basic level of access to the bloc's markets after Brexit that is already offered to countries including the United States, Japan and Singapore.
Vodafone Idea shares sink 11% on heavy loss in Sept quarter
Shares of Vodafone Idea Thursday plunged 11 per cent after the telecom services provider reported a consolidated loss of Rs 4,973 crore for the September quarter. The stock, which had opened on a weak note, dived 11.10 per cent from the previous close to Rs 36.85 on the BSE. During the trading session, it had hit a low of Rs 36.30 and a high of Rs 40.45. Similar movement was seen on the NSE, where the scrip cracked 10.63 per cent to close the trading session at Rs 37. Intra-day, the stock had fallen by 12.43 per cent to Rs 36.25. On the volume front, nearly 35 lakh shares of the company were traded on the BSE, while over 5 crore shares changed hands on the NSE. Besides Vodafone Idea, shares of other telecom companies also ended in the red despite the BSE's benchmark Sensex settled 118.55 points up at 35,260.54. The stock of Tata Communications fell 1.92 per cent to close at Rs 514.95 on the BSE, Mahanagar Telephone Nigam dropped 1.74 per cent to Rs 13.54 and Reliance Communications ...
Ujjivan Financial soars 8% on strong Q2 results
Shares of Ujjivan Financial Services Thursday ended 8 per cent higher on stock exchanges after the company reported a consolidated net profit of Rs 44.3 crore in the second quarter ended September 30. The stock gained 8.14 per cent to end the day's trade at Rs 235.2 on the BSE. Intra-day, it surged as much as 10 per cent to Rs 239.25. On the NSE, the scrip moved up by 7.95 per cent to settle at Rs 234.9 apiece. Intra-day, the stock had hit a high of Rs 238.65 and a low of Rs 216.80. In terms of equity volume, 10.56 lakh shares were traded on the BSE and over 80 lakh scrips changed hands on NSE. The company, in a regulatory filing on Wednesday, posted a consolidated net profit of Rs 44.3 crore for the September 2018 quarter. It had registered a net loss of Rs 12 crore in the corresponding period of the previous fiscal. Total income increased 23.6 per cent to Rs 467.40 crore in the reported quarter.
Quick Wrap: Nifty Realty Index rises 1.70%
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Indian, Norwegian firms sign safety, risk management deal
UPL, a leading India-headquartered crop protection products company, and Gexcon AS, a Norway-based global leader in safety and risk management, have signed a memorandum of understanding (MoU) on innovation management in process safety.
Odisha launches Biotechnology Policy 2018
Odisha on Thursday launched a Biotechnology Policy 2018 with the aim of providing attractive incentives to stakeholders to invest in the state.
We disagree with Apple but Android use purely on merit: Facebook
Dismissing a media report that Facebook CEO Mark Zuckerberg ordered his management team to use only Android phones after his tiff with Apple CEO Tim Cook, the social media network on Thursday said the decision to use Android is because it is the most popular operating system in the world.
Vegetable oil imports drop 2.72 pc in 2017-18
The country imported 15 million tonnes (MT) of vegetable oils during the 2017-18 oil year ended October 31, down 2.72 per cent from the year-ago period, industry body Solvent Extractors' Association of India (SEA) said Thursday. The world's leading vegetable oil buyer had purchased 15.4 MT in the November 2016-October 2017 period. About 70 per cent of the domestic requirement is met through imports, and palm oil accounts for 60 per cent of the shipments. "During 2017-18, imports increased in the first quarter. However, imports decreased in the second and the third quarters due to revision of import duty in June, fast rupee depreciation and also credit crunch...," the SEA said in a statement. Imports increased in fourth quarter as pipelines were dried up due to lesser import in June and July, coupled with improved parity in the import of palm oil due to reduction in spread between palm oil and soft oils, it added. Among vegetable oils, the SEA data showed that the country's edible oil .
Saudi Aramco taps banks for $5 billion petrochemical project finance: sources
DUBAI (Reuters) - Saudi Aramco has approached banks to finance its $5 billion Amiral petrochemical project that the state-owned oil producer plans to develop with France's Total, five sources familiar with the matter said.
Tankers storing LNG in Asian waters double as pre-winter demand disappoints
SINGAPORE (Reuters) - Tankers storing liquefied natural gas (LNG) in Asian waters have more than doubled in number since late October as traders have been caught off guard by warmer-than-expected temperatures that have capped demand and pulled down prices.
NIIT Technologies Partners with R3 to build solutions on Corda platform
As a part of the partnership, both the organizations will jointly develop solutions that combine the domain expertise of NIIT Technologies and leverage R3's Corda platform and pursue customer opportunities.
Meenakshi Enterprises reports standalone net profit of Rs 0.05 crore in the September 2018 quarter
Sales rise 664.29% to Rs 2.14 crore
Aditri Industries reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Sales rise 53.49% to Rs 0.66 crore
Monnet Industries reports standalone net loss of Rs 144.95 crore in the September 2018 quarter
Reported sales nil
Sumuka Agro Industries reports standalone net loss of Rs 0.07 crore in the September 2018 quarter
Sales decline 23.73% to Rs 0.45 crore
Pooja Entertainment & Films reports standalone net profit of Rs 1.37 crore in the September 2018 quarter
Sales rise 2350.00% to Rs 3.92 crore