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Page 2021 - Business Finance

Lux Industries standalone net profit rises 60.44% in the September 2018 quarter

Sales rise 31.27% to Rs 274.56 crore

Updated On : 03 Nov 2018 | 3:31 PM IST

Reliance Naval & Engineering reports standalone net loss of Rs 363.13 crore in the September 2018 quarter

Sales decline 31.18% to Rs 57.32 crore

Updated On : 03 Nov 2018 | 3:31 PM IST

Dai-ichi Karkaria reports standalone net loss of Rs 4.57 crore in the September 2018 quarter

Sales decline 34.14% to Rs 20.62 crore

Updated On : 03 Nov 2018 | 3:31 PM IST

Indo-China border trade through Lipukekh pass stands at over 6 cr this yr

Business transactions worth over Rs 6.55 crore took place between India and China this year through the border at Lipukekh pass in Uttarakhand. Total business transacted between the two countries through the border this year was 6.55 crore. Of which imports by Indian traders stood at 5.59 crore and exports by them stood at 96.5 lakh, trade officer P S Kutiyal told PTI on phone from Dharchula. Border trade between the two countries through the Lipukekh pass conducted for five months from June to October at Taklakot mart in Western Tibet on the Chinese side. A total of 244 Indians, including 70 traders and 174 helpers, went to Taklakot mart this year to do business with their Chinese counterparts, the trade officer said. Indo-China border trade, aimed at strengthening economy of tribal border villages was resumed in the year 1992. The traditional trade with erstwhile Tibet had been closed after the 1962 border conflict between two countries. According to the trade officer, the Indian ...

Updated On : 03 Nov 2018 | 3:21 PM IST

Gold edges up on festive demand

Gold prices recovered by Rs 20 to Rs 32,650 per 10 gram at the bullion market Saturday on festive season demand even as the precious metal weakened overseas. Tracking gold, silver too rose by Rs 30 to Rs 39,530 per kg. Traders attributed the moderate recovery in gold prices to fresh purchases by jewellers to meet festive season demand but a weak trend in global market capped the gains. Globally, gold shed 0.06 per cent to USD 1,233.20 an ounce and silver by 0.03 per cent to USD 14.82 an ounce in New York on Friday. In the national capital, gold of 99.9 and 99.5 per cent purity edged up by Rs 20 each to Rs 32,650 and Rs 32,500 per 10 gram, respectively. It had dropped by Rs 150 on Friday. Sovereign, however, remained flat at Rs 24,900 per piece of eight gram. Silver ready traded higher by Rs 30 to Rs 39,530 per kg and weekly-based delivery rose Rs 274 to Rs 38,820 per kg. Silver coins were unaltered at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

Updated On : 03 Nov 2018 | 3:10 PM IST

JSW Energy's Q2 stand-alone net profit down 0.9%

JSW Energy reported a 0.94 per cent fall in its stand-alone net profit on a year-on-year basis for the quarter ended September.

Updated On : 03 Nov 2018 | 2:45 PM IST

US-based data management firm NetApp bullish on India; to hire more talent

US-based NetApp is eyeing big on Asia, particularly India, and would hire more people from the country, senior executives of the data management company have said. The proposed hiring will be done at the firm's global centre of excellence in Bengaluru, where about 2,000 people are currently employed, they said. "Bengaluru is the largest engineering centre in India. Last year, we had inaugurated a large campus there to provide for the capability of transition from primarily being an engineering centre to a global centre of excellence. And we are moving more headcounts to Bengaluru over the next few years," NetApp Chief Executive Officer George Kurian told PTI. He said Asia continues to offer growth opportunities for it. "There are many other companies who we can work with to expand our footprints (in Asia). We definitely see the Asia-Pacific region growing as a percentage of total NetApp business over the next few years," Kurian said. He said geographically, NetApp's Asian business has

Updated On : 03 Nov 2018 | 2:20 PM IST

Tesla envisions 'partial presence' in India by 2019 end

Tesla Motors' Chief Executive Officer (CEO), Elon Musk, has revealed the company's plans of expanding its overall market beyond North America, Europe, and China.Musk revealed on Twitter that he recently asked his service team to expand to all population regions (not just major metros) in North America, Eastern Europe, China, and Japan by the end of next year.In a follow-up tweet, Musk said the firm is looking at establishing 'partial presence' in India, Africa, and South America by the end of next year, and expanding further in 2020.The 47-year-old opened up about his firm's expansion plans after a user responded to a tweet in which Musk had revealed that Tesla and Panasonic are together the largest producer of batteries for electric vehicles in the world.The user had asked if Panasonic "will also be a partner of the China giga battery production," to which Musk said that Tesla plans to source cell production locally "most likely from several companies," including Panasonic."To ...

Updated On : 03 Nov 2018 | 12:25 PM IST

After Korean cars and electronics, K-Beauty set to charm India

South Korean brands like Samsung, Hyundai and LG are already household names in India, but cars and electronics are not all what the technologically advanced economy is about. Over the past few years, Korean pop stars and films have taken the world by a storm, and the latest addition to the globally trending K-Pop and K-Drama is K-Beauty.

Updated On : 03 Nov 2018 | 11:55 AM IST

Apple sheds smartwatch shipments share in Q3, Fitbit gains: Report

Although Apple continues to dominate the smartwatch market, its share in the global shipments of smartwatches went down to 30 per cent in the third quarter of 2018, from 35 per cent in the same quarter last year, according to a new report from Counterpoint Research.

Updated On : 03 Nov 2018 | 11:25 AM IST

Rahul Ranjan Singh Gets the Young Entrepreneur of the Year Award at IFA 2018

/ -- Rahul Ranjan Singh the Founder & MD of the award winning web designing, digital marketing and branding company Webpulse Solution (P) Limited, has been presented with the Young Entrepreneur of the Year award for 2018 by former Miss Universe and popular bollywood actress Sushmita Sen atIFA 2018 organised in Goa on 1st November 2018 Rahul Ranjan Singh, the Founder & MD of Webpulse and a highly successful entrepreneur in his own right has been awarded the Young Entrepreneur of the Year award for 2018. Over the years, Rahul Ranjan Singh has established himself as one of the brightest young entrepreneurs and business minds in India, paving the way for great developments in the web designing, digital marketing and branding industry. This has certainly made it possible for him to win this prestigious award. The International Fame Awards(IFA) awards was held at The LaLiT Golf & Spa Resort Goa, a luxury five star resort. This award event was graced by bollywood actress and ...

Updated On : 03 Nov 2018 | 11:10 AM IST