Page 2007 - Business Finance
Punit Commercials reports standalone net loss of Rs 0.11 crore in the September 2018 quarter
Sales decline 7.22% to Rs 2.70 crore
Venky's (India) standalone net profit declines 79.81% in the September 2018 quarter
Sales rise 9.92% to Rs 646.20 crore
Infibeam Avenues Ltd spurts 5.43%, up for five straight sessions
The stock is quoting at Rs 39.8, up 5.43% on the day as on 12:44 IST on the NSE. Infibeam Avenues Ltd is down 78.71% in last one year as compared to a 0.57% gain in NIFTY and a 32.47% gain in the Nifty IT.
Sterling Guaranty & Fin appoints Company Secretary, KMP & Compliance Officer
W.e.f. 01 October 2018
Sensex, Nifty slip as financials, energy drag
(Reuters) - Indian shares fell on Monday in line with broader Asian markets after posting their best week since mid-2016, as investors were subdued ahead of a key U.S. Federal Reserve meeting.
China's policies to open up economy will boost trade: IMF
Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), on Monday praised China for facilitating economic and trade cooperation at a time of growing protectionism and an ongoing trade war between Beijing and Washington.
S&P places Tata Motors' long-term rating on 'CreditWatch' with negative implications
S&P has placed homegrown auto major Tata Motors' long-term credit rating on 'CreditWatch' with negative implications, reflecting the risk that credit metrics could deteriorate. The move to place 'BB' long-term issuer credit rating on Tata Motors on CreditWatch with negative implication follows interim results which were weaker than expected, dragged down by Jaguar Land Rover, S&P said in a statement. "We believe the company is likely to miss our expectation for fiscal 2019 unless it takes swift corrective steps," it added. Last month, Tata Motors reported a consolidated net loss of Rs 1,009 crore for the second quarter ended September 30, 2018, mainly due to a weak performance by its British arm Jaguar Land Rover (JLR). Its total revenue from operations rose 3.3 per cent to Rs 72,112.08 crore as compared to Rs 69,838.68 crore in the year-ago period. The company's British arm JLR had reported 11 per cent decline in revenue to 5.6 billion pounds. On a standalone basis, the ...
Crude oil futures fall 0.80 pc on weak global cues
Continuing its slide, crude oil futures fell by another 0.80 per cent, to Rs 4,572 per barrel on Monday as speculators indulged in trimming their holdings in line with a weak trend in the Asian trade. Crude oil for delivery in November was trading lower by Rs 37, or 0.80 per cent, to Rs 4,572 per barrel with a business volume of 2,093 lots at Multi Commodity Exchange (MCX). Also, oil prices for December shed Rs 35, or 0.76 per cent to Rs 4,598 per barrel, with a business volume of 247 lots. Traders said persistent fall in crude oil at futures market is largely in sync with a weak trend overseas on higher supply from world's major crude producers and profit-booking by participants. Meanwhile, West Texas Intermediate fell 0.70 per cent, to USD 62.70 and Brent was trading 0.55 per cent down at USD 72.43 a barrel.
Copper futures slide on weak global cues
Amid a weak trend overseas and muted demand from consuming industries in the domestic spot market, copper futures fell by 0.37 per cent on Monday as speculators cut down their holdings. At the Multi Commodity Exchange, copper for delivery in current month declined by Rs 1.15, or 0.37 per cent, to Rs 449.60 per kg in a business turnover of 1,348 lots. Traders said off-loading of positions by speculators amid weak global cues and muted demand at domestic spot markets, led to fall in copper prices at futures trade here.
Multiple options explored; selling IL&FS as going concern best case scenario: Srinivas
The government is mulling the sale of crisis-hit Infrastructure Leasing and Financial Services (IL&FS) as one of the options to resolve issues facing it, Corporate Affairs Secretary Injeti Srinivas said Monday. IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some. "Whatever is in the best interest of the stakeholders, including public interest, will be the factor which will guide a resolution," he said. "As far as IL&FS is concerned, I think the report which has been submitted to the National Company Law Tribunal (NCLT) articulates the approach. So it could be in the best scenario that IL&FS as a group enterprise is sold as a going concern," he added. However, there are serious issues and the likelihood of such an outcome is limited, he said. The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office. "There are alternative approaches of
KPIT Tech & Udacity forge partnership for upskilling talent in vehicle engg.
W.e.f 05 November 2018
Vantage Corporate Services standalone net profit rises 66.67% in the September 2018 quarter
Sales rise 88.37% to Rs 0.81 crore
Oxford Industries reports standalone net loss of Rs 0.19 crore in the September 2018 quarter
Reported sales nil
Marg Techno-Projects standalone net profit declines 71.43% in the September 2018 quarter
Sales decline 28.57% to Rs 0.10 crore
Zim Laboratories standalone net profit rises 4.81% in the September 2018 quarter
Sales rise 13.24% to Rs 71.14 crore
Adani Gas hits the roof on debut
Shares of Adani Gas were locked at an upper circuit limit of 5% at Rs 73.70 at 12:15 IST on the BSE.
TCPL Packaging Ltd leads gainers in 'B' group
ADF Foods Ltd, Shiva Mills Ltd, Jay Bharat Maruti Ltd and Asian Star Company Ltd are among the other gainers in the BSE's 'B' group today, 05 November 2018.
Silver weakens in futures trade, down Rs 76
Silver prices fell by Rs 76 to Rs 38,544 per kg in futures trade on Monday as speculators cut down their bets to book profits amid a weak trend overseas. Silver to be delivered in December was down by Rs 76, or 0.20 per cent, to Rs 38,544 per kg at the Multi Commodity Exchange. It clocked a business volume of 571 lots. Silver for delivery in November, too, was trading lower by Rs 72, or 0.19 per cent, to Rs 38,581 per kg in a business turnover of 815 lots. Market analysts said profit-booking at current levels and fresh losses in the white metal overseas, mainly led to the fall in silver prices in futures trade here. In the international market, silver traded 0.14 per cent lower at USD 14.80 an ounce in Singapore.
India's non-banking housing finance lenders facing liquidity stress: official
NEW DELHI (Reuters) - India's non-banking housing finance companies are facing liquidity stress, Corporate Affairs Secretary Injeti Srinivas said on Monday.