Page 2058 - Business Finance
Orient Green Power Company reports standalone net loss of Rs 7.32 crore in the September 2018 quarter
Reported sales nil
Vimal Oil and Foods reports standalone net loss of Rs 1.71 crore in the September 2018 quarter
Sales decline 97.54% to Rs 4.35 crore
Oriental Carbon & Chemicals standalone net profit rises 42.11% in the September 2018 quarter
Sales rise 31.79% to Rs 98.47 crore
Somany Ceramics standalone net profit declines 78.45% in the September 2018 quarter
Sales decline 7.98% to Rs 390.90 crore
Grindwell Norton standalone net profit rises 14.68% in the September 2018 quarter
Sales rise 20.09% to Rs 405.96 crore
Amrutanjan Health Care standalone net profit declines 30.51% in the September 2018 quarter
Sales rise 11.20% to Rs 62.05 crore
IT stocks decline up to 4.3% amid stronger rupee
IT stocks fell up to 4.3 per cent Thursday after a rebounding rupee dampened the investor sentiment. Shares of Hexaware Technologies dropped by 4.29 per cent, HCL Tech 3.73 per cent, Tech Mahindra 3.11 per cent, Mindtree 3 per cent, Infosys 2.90 per cent, Wipro 0.47 per cent and TCS 0.15 per cent on BSE. Led by losses in these stocks, the BSE IT index ended 1.78 per cent lower at 14,273.37. Shares of IT companies had surged up to 9 per cent Wednesday after the rupee breached the 74 level in intra-day trade. The domestic currency Thursday made a comeback and gained as much as 35 paise to trade at 73.60 against the dollar (intra-day) at the forex market. Big IT companies earn a major chunk of their revenues from their US clients and a weak rupee against the dollar positively impacts their profit margins.
Carl Icahn sues Dell over plans to go public
(Reuters) - Activist investor Carl Icahn sued Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock.
BRICS nations sign declaration to accelerate cultural ties
The BRICS nations have signed a declaration to accelerate creative and sustainable cultural cooperation. The declaration, signed here on Wednesday, will see Brazil, Russia, India, China and South Africa cooperating in fashion, culture and animation. Calling for speedy implementation of the declaration, South African Minister of Arts and Culture Nathi Mthethwa said, "This declaration is a clear signal where we want to go and areas where we emphasise and practical steps we need to take. The declaration, which was signed by the BRICS ministers of culture, followed several months of consultations on importance and role of culture as one of the drivers of economic opportunities. The culture ministers also agreed to engage the New Development Bank, established two years ago by the BRICS partners, to fund cultural and creative industry programmes. They also endorsed the establishment of the BRICS cultural working group comprising senior officials from the member countries. Asserting that the
Wheat climbs as global supplies tighten; soybeans slip
LONDON (Reuters) - Wheat futures rose for a second session running on Thursday, supported by an expected boost to demand for U.S. supplies after a drop in output in key exporting countries.
DowDuPont tops profit estimates as chemicals demand provides boost
(Reuters) - DowDuPont Inc topped Wall Street estimates for third-quarter profit on Thursday, as stronger demand for chemicals used in cosmetics, paints and packaging gear helped offset slowing growth at its agriculture business.
Hindustan Petroleum Corp second-quarter profit dives, misses estimate
(Reuters) - State-owned refiner Hindustan Petroleum Corp Ltd posted a 37.1 percent fall in second-quarter profit on Thursday, dented by rising costs amid higher raw material and forex expenses.
TVS Motor sells about 4 lakh vehicles in October, up 26 per cent on year
Two- and three-wheeler maker TVS Motor Company Ltd on Thursday said it sold 398,427 vehicles in October, an on-year rise of about 26 per cent.
South Asia needs to improve connectivity, cut non-tariff barriers to boost trade: Sahney
The South Asian region needs to improve transport connectivity, reduce non-tariff barriers and address logistics and regulatory roadblocks to promote trade and investment within the region, a trade expert said. Intra-regional trade in South Asia continues to linger between 5-6 per cent of the their total trade despite huge market opportunities for businesses, former president of SAARC Chamber of Commerce and Industry Vikramjit Singh Sahney said Thursday. He also outlined that the estimated average cost of trade within the region was 20 per cent which was higher than that with other regions. "Limited transport connectivity, growing non-tariff barriers, onerous logistics and regulatory impediments costs more to trade within South Asia than inter-regionally," he said here at the regional connectivity conference organised by think tank CUTS international. Sahney, who is a senior national executive member of Ficci and chairman of SUN Group, said that as per the estimates the average cost ..
Gold rallies as dollar beats retreat from multi-month highs
BENGALURU (Reuters) - Gold rose on Thursday, rebounding from a three-week low touched in the previous session as the dollar's retreat from multi-month highs made the metal less expensive for holders of other currencies.
Deutsche Bank draws activist investment from former JPMorgan CFO
FRANKFURT (Reuters) - New York-based activist hedge fund Hudson Executive Capital LP has taken a stake in Deutsche Bank to become one of the German lender's largest investors.
Orient Green Power Company consolidated net profit declines 18.39% in the September 2018 quarter
Sales rise 5.11% to Rs 146.43 crore
Marico consolidated net profit rises 17.95% in the September 2018 quarter
Sales rise 19.56% to Rs 1836.82 crore
Apar Industries consolidated net profit rises 9.32% in the September 2018 quarter
Sales rise 51.45% to Rs 1873.74 crore
Somany Ceramics consolidated net profit declines 74.72% in the September 2018 quarter
Sales decline 11.15% to Rs 392.42 crore