Page 2001 - Business Finance
Renaissance Jewellery consolidated net profit rises 29.65% in the September 2018 quarter
Sales rise 55.66% to Rs 596.94 crore
Dhanvarsha Finvest standalone net profit declines 29.41% in the September 2018 quarter
Sales rise 50.98% to Rs 5.39 crore
Renaissance Jewellery standalone net profit rises 68.57% in the September 2018 quarter
Sales rise 23.57% to Rs 335.76 crore
ISMT reports standalone net loss of Rs 55.83 crore in the September 2018 quarter
Sales rise 29.95% to Rs 434.09 crore
Century Plyboards (India) standalone net profit declines 5.78% in the September 2018 quarter
Sales rise 18.94% to Rs 564.45 crore
Atul Auto standalone net profit declines 12.18% in the September 2018 quarter
Sales rise 10.23% to Rs 175.17 crore
GAIL (India) standalone net profit rises 49.89% in the September 2018 quarter
Sales rise 55.33% to Rs 19275.32 crore
High Street Filatex reports standalone net loss of Rs 0.05 crore in the September 2018 quarter
Sales reported at Rs 0.87 crore
Parsoli Corporation reports standalone net loss of Rs 0.21 crore in the September 2018 quarter
Reported sales nil
Mehta Securities reports standalone net loss of Rs 0.11 crore in the September 2018 quarter
Sales rise 41.67% to Rs 0.14 crore
Axtel Industries standalone net profit rises 207.39% in the September 2018 quarter
Sales rise 25.33% to Rs 30.28 crore
CBIC to daily monitor MSME grievance on GST, sets up help desks to resolve queries
The Central Board of Indirect Taxes and Customs (CBIC) will monitor on a daily basis the grievances of the MSMEs relating to the GST as part of efforts to resolve issues being faced by small businesses in the new indirect tax regime. The move comes at a time when the government has initiated a major support and outreach programme for MSMEs to ensure growth and expansion of the sector. The GST help desks have already been set up in all the 80 districts where a 100 day support and outreach programme for the micro, small and medium enterprises (MSMEs) have been launched by the government on November 2. The CBIC has now decided to set up a Feedback and Action Room (FAR) under the Directorate General of Goods and Services Tax (GST) to record and process all grievances raised by MSMEs, an official said. The GST help desks will have nodal officers for trade facilitation who would guide the small businesses on their queries surrounding the GST. These nodal officers would report all the ...
IOC shares tank 5.5% as Q2 profit drops
Shares of Indian Oil Corp (IOC) slumped 5.5 per cent Monday after the company reported a 12.6 per cent drop in its second quarter net profit. The stock dropped 5.50 per cent to settle to Rs 140.05 on BSE. Intra-day, it tanked 6.20 per cent to Rs 139. At NSE, shares of the company plunged 5.16 per cent to close at Rs 140.60. In terms of equity volume, 13.23 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day. Net profit of Rs 3,246.93 crore, or Rs 3.43 per share, in July-September compared with a net profit of Rs 3,696.29 crore, or Rs 3.90 a share, in the same period of previous year, IOC Chairman Sanjiv Singh had said.
UP: Train runs over 3 track maintenance workers
A train ran over three gangmen between Sandila and Umartali station in Uttar Pradesh on Monday. The foot soldiers of the Indian Railways were responsible for maintenance of the railway track.The gangmen were hit by Kolkata-Amritsar Akal Takht Express around 12 noon. They were reportedly drilling on the tracks without any prior block.According to a statement of the Northern Railway, railway officers rushed to the site as soon as they learnt about the incident. An inquiry into the incident has been ordered.The official statement said that necessary arrangements have been put in place to avoid inconvenience.
Nifty November 2018 futures at premium
Turnover in F&O segment declines
India sees record growth in online sale, electronics lead
India saw a 29 per cent increase in online festive sales in September, setting a year-over-year (YoY) record, Oath, a Verizon subsidiary, announced on Monday.
Corrected: Oil slips as U.S. sanctions on Iran begin, Tehran defiant
(Corrects name of Chinese foreign ministry spokeswoman in paragraph 10)
Minda Industries Q2 net rises 8 pc to Rs 73 cr
Auto component maker Minda Industries Monday posted 8 per cent increase in consolidated net profit at Rs 73 crore for the second quarter ended September 30, 2018. The company had reported a net profit of Rs 67 crore for the same period of the previous fiscal. Revenue from operation rose to Rs 1,522 crore for the July-september period, up 39 per cent from Rs 1,098 crore in the same period of the last fiscal, Minda Industries (MIL) said in a statement. The company's board, which met Monday, approved a project for controller and telematics for a total outlay of Rs 80 crore over next 12 months at Chakan, Pune. "The project is expected to be commissioned in the third quarter of 2019-20," it added. The board also approved a new project for alloy wheels to be set up for two wheeler OEMs. "The expected outlay for the first phase of the project is Rs 300 crore, to be invested in two stages. The first line is targeted to achieve the SOP (Standard Operating Procedure) by end of FY 2019-20. The ..
Patanjali enters into apparel industry
After entering into dairy business earlier this year, Patanjali now aims to get into the garments and clothing industry.Yoga Guru Ramdev-led company now plans to open at least 100 stores across India by the end of this financial year, with an eye on augmenting Swadeshi products.Inaugurating the first store 'Patanjali Paridhan' in New Delhi on Monday, Ramdev said the chemical-free apparel of his company will give a fillip to 'Swadeshi' (Made in India) products."Western brands dominate the fashion industry. This initiative by us will boost the Swadeshi products," he said, adding that the maximum retail price (MRP) of the products sold in Patanjali is very low as compared to other brands.He also said that Patanjali Paridhan will support the Khadi India initiative."Soon, consumers will be able to buy Patanjali products online," he added.The flagship store, with men's, women's and kids wear, was inaugurated on the auspicious occasion of Dhanteras, with brands under three categories- ...
Sensex down 64 points, Nifty ends above 10,500
Post recovering in the last hour, Sensex ended down 64.02 points at 34,947.63, while the Nifty closed down 29 points at 10,524.With 1324 shares advancing, 1292 shares declining and 155 shares unchanged, sectors such as the Nifty PSU bank index remained the major contributor to the recovery.Amongst others were Nifty IT and Metal index, which ended in green.On the other hand, auto, infra, pharma and FMCG index ended in red.SBI, Axis Bank, Reliance Industries, Wipro and Coal India were amongst the top gainers, while IndusInd Bank, NTPC, Power Grid Corp, Hero Motocorp and Adani Ports lost the most on the Sensex.With the result season swinging in, Indraprastha Gas (IGL) rose 2.5 percent intraday Monday after company's Q2 net profit increased by 6.5 percent at Rs 187.3 crore and revenue was up 10.4 percent at Rs 1,421.5 crore, reported Moneycontrol.The company reported Q2 net profit at Rs 944.9 crore, NII at Rs 20,905.7 crore. Net NPA was down at 4.84 percent, while Gross NPA was down 9.95 .