Page 1857 - Business Finance
Anjani Finance standalone net profit rises 175.00% in the September 2018 quarter
Sales rise 33.33% to Rs 0.32 crore
Macro International reports standalone net profit of Rs 0.01 crore in the September 2018 quarter
Reported sales nil
Meglon Infra-Real (India) reports standalone nil net profit/loss in the September 2018 quarter
Sales decline 66.67% to Rs 0.01 crore
Suraj Products standalone net profit rises 745.45% in the September 2018 quarter
Sales rise 119.17% to Rs 29.61 crore
Lakshmi Mills Company standalone net profit rises 64.20% in the September 2018 quarter
Sales rise 20.22% to Rs 63.14 crore
Weizmann standalone net profit rises 3536.36% in the September 2018 quarter
Sales rise 40.71% to Rs 24.61 crore
V B Desai Financial Services standalone net profit rises 37.50% in the September 2018 quarter
Sales rise 31.58% to Rs 0.50 crore
Peninsula Land reports standalone net loss of Rs 127.83 crore in the September 2018 quarter
Sales decline 8.31% to Rs 6.07 crore
Balkrishna Industries standalone net profit rises 9.52% in the September 2018 quarter
Sales rise 18.94% to Rs 1325.48 crore
NDA government has given much needed boost to financial inclusion: Jaitley
Union Finance Minister Arun Jaitley on Thursday said that Prime Minister Narendra Modi led NDA government at the Centre had given a tremendous boost to financial inclusion. "Just 4-5 years ago we were living in a system where 48 per cent of our population, that is, nearly 600 million people had never seen a bank in their life and were not connected to the banking system. Today, they have bank accounts," he said while addressing the World Congress of Saving and Retail Bank (WCSRB).Jaitley said: "The first task was to bring them into the banking system. So, 330 million accounts were opened in a matter of a few months. It was a massive exercise. It was mainly the public sector banks who reached out to every village through their banking correspondents." "Financial inclusion has seen an unparalleled headway during the NDA government. Millions of poor people are now a part of the banking system," he added.He said that the whole exercise of financial inclusion started with the zero balance .
Max Life records strong profitable growth - value of new business up 42%
Max Life Insurance Company Ltd. ("Company") one of India's leading life insurance companies, recorded a strong profitable growth in the first half of the Financial year 2018-19 with Value of New Business (VNB) increased by 42% to Rs. 290 crore due to a significant growth in new business as well as higher share of protection products.A strong focus of the Company on proprietary channels led to a 33% growth in new business from these channels in H1 FY19 over H1 FY18. Gross written premium of the Company grew by 17% to Rs. 5,619 crore, while the new business premium grew by 21% to Rs. 1,909 crore and the renewal premium recorded growth of 15% to Rs. 3,711 crore in H1 FY19 over H1 FY18.During this period Individual Annualised Premium Equivalent (APE) went up to Rs. 1,405 crore, recording a growth of 26%. As on 30th September 2018, the Embedded Value (post interim shareholder dividend) stood at Rs. 7,752 crore, with an Operating Return of Embedded Value (RoEV) of 18.5%.The Board of ...
Sensex up 118 points, Nifty ends at 10,616
Broadly positive global cues along with recovery in the domestic currency helped the key Indian equity indices to end with gains on Thursday as the BSE Sensex closed 118 points higher and the Nifty ending at 10,616.
OYO appoints former IndiGo President Aditya Ghosh as CEO India & South Asia
Hospitality firm OYO said Thursday it has appointed former IndiGo President Aditya Ghosh as the chief executive officer for India and South Asia, effective from December 1 this year. The appointment comes in wake of the company's focus to drive accelerated growth in its home markets -- India and China, OYO said in a statement. Aditya joins OYO Hotels & Homes following a stint at IndiGo as president and wholetime director, it added. He will be reporting to OYO Hotels & Homes Founder & Group CEO Ritesh Agarwal, it added. Ghosh is a proven professional with over 21 years of experience and is entrusted with the responsibility to oversee and grow OYO Hotels business in South Asia, which will include India, Nepal, and other upcoming markets in the region, OYO said. "With Ghosh taking on this mantle for one of our home markets, India and the broader South Asia region, we are confident that he will be able to help OYO Hotels set new benchmarks in the hospitality industry, and ...
Jawa re-enters India with 3 new motorcycles starting Rs 1.5L
Classic Legends, a subsidiary of Mahindra and Mahindra, Thursday relaunched iconic Czeck motorcycle brand Jawa in India, in three new models - Jawa Forty Two, Jawa and Jawa Perak. The motorcycles will be priced between Rs 1.55 lakh and Rs 1.89 lakh. "We have found a great fit to our two-wheeler business. This a brand (Jawa) very much aligned to Mahindra's values," Mahindra group chairman Anand Mahindra told PTI after the launch. Chairman and managing director of Rustomjee group, Boman Rustom Irani, and Phi Capital Management founder Anupam Thareja were also present at the launch. Both these companies have stakes in Classic Legends, which is 60 per cent owned by Mahindra group. An all-new 293-cc bikes are equipped with liquid cooled, single cylinder, double overhead cam engine within a double cradle chassis. "We are excited about the new Jawa Motorcycles that we have unveiled here today," said Thareja. The booking for the new bikes have began online from Thursday and ...
Sensex ends 119 pts higher, Nifty breaches 10,600 mark
The BSE benchmark Sensex ended 119 points higher Thursday and the broader Nifty went past the 10,600 mark on positive investor sentiment amid easing crude oil prices, firm rupee and fresh foreign fund inflows. The 30-share index opened a shade higher at 35,145.75 points, hovered in the range of 35,402 and 35,118.42, before ending the session at 35,260.54, with a gain of 118.55 points, or 0.34 per cent, over its previous close. The gauge had shed 2.50 points Wednesday in a highly volatile session. The NSE Nifty also closed 40.40 points, or 0.38 per cent, higher at 10,616.70 after shuttling between 10,646.50 and 10,557.50. The appreciation in rupee, firming trend in other Asian markets and a higher opening of European equities too influenced market mood here. Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns. Global crude oil prices have fallen by ...
RERA Bringing Positive Transformative Changes In Industry
Hardeep Singh Puri, Minister of State (I/C) of Housing and Urban Affairs, has said that in this new era of RERA, we are witnessing positive transformative changes in the industry. In the 2nd year of the implementation of RERA, all the States/UTs have notified Rules under RERA except for 6 North Eastern States and the state of West Bengal. The Minister was delivering the inaugural address at the 3rd regional workshop on RERA-a new era of transparency and accountability in Real Estate-2 years of implementation and Way.
Pennar Industries consolidated net profit rises 1.36% in the September 2018 quarter
Sales rise 22.64% to Rs 518.17 crore
Mihika Industries reports standalone net profit of Rs 0.04 crore in the September 2018 quarter
Sales reported at Rs 0.44 crore
VKJ Infradevelopers reports standalone nil net profit/loss in the September 2018 quarter
Reported sales nil
Jai Balaji Industries reports standalone net loss of Rs 41.08 crore in the September 2018 quarter
Sales rise 40.71% to Rs 730.52 crore