Page 2061 - Business Finance
Elecon Engineering Company reports standalone net profit of Rs 3.50 crore in the September 2018 quarter
Sales rise 45.65% to Rs 259.70 crore
Century Enka standalone net profit rises 28.06% in the September 2018 quarter
Sales rise 56.45% to Rs 479.08 crore
Berger Paints India standalone net profit declines 3.33% in the September 2018 quarter
Sales rise 15.64% to Rs 1330.45 crore
Arvind standalone net profit rises 4.73% in the September 2018 quarter
Sales rise 8.94% to Rs 1622.46 crore
MAS Financial Services consolidated net profit rises 44.75% in the September 2018 quarter
Sales rise 14.87% to Rs 141.87 crore
Firstsource Solutions consolidated net profit rises 34.97% in the September 2018 quarter
Sales rise 11.56% to Rs 944.20 crore
S H Kelkar & Company consolidated net profit rises 52.81% in the September 2018 quarter
Sales rise 27.74% to Rs 282.09 crore
Zuari Agro Chemicals Limited Announces Q2 & Half Yearly Results of FY18-19
/ -- Zuari Agro Chemicals Limited, India's leading Fertiliser player, which is in the business of Fertilisers, Crop Protection, Speciality Nutrients and Retail, has reported the unaudited financial results for the quarter ended on 30th September 2018. Standalone performance for the quarter and half year ended on 30th September 2018 During the quarter ended 30th September 2018, the total revenue is INR 1485.85 crore in comparison to the corresponding quarter of last year INR 1367.94 crore. Profit before depreciation, interest and taxes (EBITDA) for the Q2 FY18-19 is INR 78.61 crore as against INR 144.59 crore in Q2 FY17-18. Net loss after tax for the quarter is INR 5.43 crore against corresponding quarter of last year's profit of INR 36.36 crore. For the half year ended on 30th September 2018, the total revenue is INR 2848.41 crore as against INR 2128.35 crore during the corresponding period last year and the loss after tax is INR 13.74 crore as against a profit of INR 8.95 crore ...
TajGVK Hotels & Resorts consolidated net profit rises 4.76% in the September 2018 quarter
Sales rise 13.73% to Rs 71.38 crore
Working to set up Domestic Gold Council to push growth of the sector: Prabhu
The government is working to set up a Domestic Gold Council to promote the growth of the sector and boost exports of jewellery, Commerce and Industry Minister Suresh Prabhu said Thursday. He said India is the largest consumer of gold and also one of the main importers. There are huge opportunities in the global market to push exports of gold jewellery, he added. "We are largest consumer of gold. There are huge number of artisans. So we have decided to set up Domestic Gold Council. it will have representations from all stakeholders including artisans, traders, miners and purifiers," the minister said at a gold jewellery exhibition here. He said the council would work in the direction of promoting the gold and jewellery industry. Asked about the industry demand for a cut in the 10 per cent import duty on gold, Prabhu said though increase in the imports push the current account deficit (CAD), the government tries to strike a balance between them. The country's gems and jewellery exports .
GST Revenue Crosses Rs 1 Lakh crore
The revenue collection from Goods and Services Tax has crossed Rs 1 lakh crore for the second time since the indirect tax regime was introduced in July last year. GST mop-up had crossed the Rs 1 lakh crore mark for the first time in April. A Finance Ministry statement said the total gross GST revenue collected in October, was little over Rs1 lakh crore. Out of which CGST (Central Goods and Services Tax) was Rs16,464 crore while SGST (State Goods and Services) and IGST (integrated Goods and Services Tax) contributed Rs 22,826 crore and Rs 53,419 crore respectively. Total collection trough cess was Rs 8,000 crore.
Fitch affirms IDBI Bank's long-term IDR at BB+
Fitch Ratings Thursday affirmed IDBI Bank's long-term issuer default rating (IDR) at 'BB+' and its viability rating (VR) at 'ccc'. The rating agency also removed the lender's VR from 'rating watch evolving'. It had placed the state-run lender under rating watch evolving in December last year. The government's willingness to support the bank remains intact given its size and systemic role, although LIC will be the bank's first port of call for support once it becomes the majority shareholder of IDBI Bank, it said. The government is diluting its 79 per cent stake in IDBI Bank to below 51 per cent, while LIC plans to raise its shareholding in IDBI Bank to 51 per cent from 14.9 per cent. "The removal of the VR from rating watch evolving reflects better visibility on the potential new equity IDBI Bank will receive from its stake sale to LIC,"the agency said. The bank received Rs 2,100 crore in August from LIC when the insurer increased its stake in the lender to 14.9 per cent,
Sensex ends flat in choppy trade, rupee gains
India's barometer indices ended largely flat in Thursday's trade marked by volatility, as investors remained cautious ahead of a key economic data and as tension between the government the RBI continued to brew.
MAS Financial Services standalone net profit rises 42.25% in the September 2018 quarter
Sales rise 14.59% to Rs 134.38 crore
Shekhawati Poly-Yarn reports standalone net loss of Rs 2.84 crore in the September 2018 quarter
Sales rise 57.26% to Rs 53.09 crore
Mahindra Logistics standalone net profit rises 34.72% in the September 2018 quarter
Sales rise 10.61% to Rs 879.52 crore
eClerx Services standalone net profit declines 28.45% in the September 2018 quarter
Sales rise 1.93% to Rs 284.85 crore
S H Kelkar & Company standalone net profit rises 16.04% in the September 2018 quarter
Sales rise 40.53% to Rs 196.26 crore
TajGVK Hotels & Resorts standalone net profit declines 43.61% in the September 2018 quarter
Sales rise 13.73% to Rs 71.38 crore
Elegant Marbles and Grani Industries standalone net profit rises 6.32% in the September 2018 quarter
Sales rise 129.95% to Rs 4.99 crore