Page 2065 - Business Finance
Volumes spurt at 8K Miles Software Services Ltd counter
8K Miles Software Services Ltd registered volume of 29 lakh shares by 14:14 IST on NSE, a 23.11 fold spurt over two-week average daily volume of 1.26 lakh shares
Healthy demand accelerates India's October manufacturing output: PMI
A faster rise in demand accelerated the pace of India's manufacturing sector output in October, key economic data released on Thursday showed.
GST collection crosses Rs 1 lakh cr in Oct
GST collections in October crossed the Rs 1 lakh crore mark, after a gap of 5 months, on the back of festive demand, anti-evasion measures. The Finance Ministry Thursday said 67.45 lakh businesses filed goods and services tax (GST) returns in October and deposited Rs 1,00,710 crore as taxes. "GST collections for October 2018 have crossed Rs 1 lakh crore. The success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities," Finance Minister Arun Jaitley tweeted. The states which achieved "extra-ordinary growth" in total taxes collected include Kerala (44 per cent), Jharkhand (20 per cent), Rajasthan (14 per cent), Uttarakhand (13 per cent) and Maharashtra (11 per cent), an official statement said. GST revenue had first crossed the landmark figure in April when the collections were Rs 1,03,458 crore. Since then collections have maintained above Rs 90,000 crore mark. The collections stood at Rs 94,016 crore in May, Rs ...
KiE Square predicts Siso to have more than 80% adaptation in marketing, digital space by 2025
KiE Square with its data and predictive analysis expertise has been helping organizations in business growth and strategic planning by filling key techno-functional gaps and providing best-in-class analytics solutions.KiE Square has identified Single Source (SiSo) based Outputs as the most reliable mechanism of marketing effectiveness measurement, especially in Traditional Media like Television and other marketing exposure, where a majority of the players still rely on Television Ratings (TRP) alone and much-delayed TV commercial rating by agencies.The market penetration of SiSo in India is currently hovering below 5% and KiE Square being one of the Industry leaders in data analysis forecasts that by 2025, Single Source is going to have more than 80% adoption in the marketing ROI space.KiESquare would strategically work towards the adoption of SiSo among Indian FMCG players and other marketers in partnership with the providers of SiSo data. The Marketing Return on investment (ROI) ...
Shell accelerates share buybacks as profits soar
LONDON (Reuters) - Royal Dutch Shell's profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback programme.
October GST collections cross Rs 1 lakh crore
Revenue collection under the Goods and Services Tax (GST) regime crossed the Rs 1 lakh crore mark in October, a marked increase from Rs 94,442 crore in September, the government announced on Thursday.
VECV sales up 14 pc in October
VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, Thursday reported 14.4 per cent rise in sales in October at 5,980 units. The company had posted sales of 5,228 units in October 2017, VE Commercial Vehicles (VCEV) said in a statement. Volvo Trucks recorded sales of 154 units in October as compared to 62 units in the year ago period.
Toyota domestic sales up 2 pc at 12,606 units in October
Toyota Kirloskar Motor (TKM) Thursday reported a 2 per cent increase in domestic sales at 12,606 units in October. The company had sold 12,403 units in the same month last year in the domestic market, TKM said in a statement. It exported 639 units of the Etios series last month, compared to 1,597 units in the same period a year ago. "We are happy that we have been able to sustain good customers demand despite the dampening effect on consumer sentiment owing to hike in fuel prices, higher interest rates, increase in insurance premium," TKM Deputy Managing Director N Raja said. Innova Crysta has witnessed a growth of 11 per cent in April to October period this year as compared to the same period in 2017, he added. The company had sold a total of 92,152 units during the April-October period, a growth of 15 per cent from 80,360 units in same period of previous year. "This growth has been primarily driven by the positive sales growth of Innova Crysta, Fortuner, Etios Liva and the positive .
Godrej Properties Q2 net profit rises to Rs 20.57 cr
Realty firm Godrej Properties Thursday reported a sharp jump in consolidated net profit at Rs 20.57 crore for the second quarter of this fiscal. Its net profit stood at Rs 0.21 crore in the year-ago period, the company said in a regulatory filing. Total income increased to Rs 487.07 crore during July-September period of this fiscal as against Rs 349 crore in the corresponding period of the previous year. Godrej Properties has restated its previous year's figures based on new accounting standard. "The current environment gives us an outstanding opportunity to disproportionately scale our business development portfolio. We expect the pace of project additions to accelerate in second half of FY19. With a number of important launches, we also expect a strong second half of the financial year from a sales growth perspective," said Pirojsha Godrej, executive chairman, Godrej Properties. Godrej Properties, the real estate arm of Godrej group, said its sales bookings stood at Rs 807 crore and
Venkaiah Naidu opens Global Expo Botswana 2018
Indian Vice President M. Venkaiah has said that India and Botswana were amongst the fastest growing economies in the world, with growth rates of over 7 per cent a year, adding that their bilateral trade had increased by an impressive 27 per cent over the period of one year.
Burdy launches cab aggregation services in Delhi-NCR
Tech start-up Burdy Thursday said it will offer cab aggregation services in Delhi-NCR, competing head-on with giants like Ola and Uber in the burgeoning segment. According to co-founder and CEO Rishabh Srivastava, the bootstrapped firm is a "tech company" and will start with cab aggregation and roll out other offerings like repair services as well in the coming months. "We want to bring in transparency in the way cabs services are offered today. We will not charge any commission to the drivers, we will have a monthly licensing fee (of Rs 2,000). There will be no surge pricing for riders and rides will be affordable at Rs 6 km onwards," he said. The company, which will start with Delhi-NCR and expand to other cities in the coming month, has already onboarded 12,000 drivers on its platform, he added. Srivastava said the company is engaged in talks to raise funds but declined to provide details. The company is also focussing on security as a key aspect and will offer SOS services under ..
India biggest commitment for AIIB: official
India is the biggest commitment country for the Asian Infrastructure Investment Bank (AIIB) which is interested in funding rural roads and transmission lines projects in the country, a top official of the Beijing-based multilateral development bank has said. Yee Ean Pang, AIIB's Director General for Investment Operations Department, also underlined the multi-lateral bank's focus in India on development of rural roads, transmission lines and green projects among others. "India is the largest country that we are supporting," Pang told PTI at the ongoing Singapore International Energy Week 2018. Describing Amaravati as a unique greenfield development, Pang said the AIIB is working with the Andhra Pradesh government on basic infrastructure and would then move on with projects such as sanitation. The AIIB aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 87 members, including India. The bank, which has a target capital of USD 100 billion and .
Vedanta gains after declaring Q2 result
Vedanta rose 0.5% to Rs 212.30 at 13:41 IST on BSE after the company announced Q2 result after market hours yesterday, 31 October 2018.
Maruti Suzuki sales inch up 0.2% in October
Automobile major Maruti Suzuki India's overall sales, including exports for October, inched up by 0.2 per cent.
Strong market breadth
A divergent trend was witnessed in afternoon trade as the barometer index, the S&P BSE Sensex, was trading with minor gains while the Nifty 50 index was trading with minor losses. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 6.48 points or 0.02% at 34,448.53. The Nifty 50 index was down 7.75 points or 0.07% at 10,378.85
Amara Raja Batteries Ltd down for fifth straight session
The stock is quoting at Rs 741.3, down 0.46% on the day as on 13:19 IST on the NSE. Amara Raja Batteries Ltd jumped 7.22% in last one year as compared to a 0.36% slide in NIFTY and a 21.86% fall in the Nifty Auto index.
Gold prices rebound from three-week low as dollar weakens
BENGALURU (Reuters) - Gold recovered on Thursday from a three-week low hit in the previous session as the recent drop in metal prices and an easing of the U.S. dollar from multi-month highs stoked buying.
UK, EU strike tentative Brexit deal on financial services - The Times
LONDON (Reuters) - British Prime Minister Theresa May has struck a tentative deal with the EU that would give financial services companies in the United Kingdom continued access to European markets after Brexit, The Times reported on Thursday.
Uttarakhand announces bonus for non-gazetted employees
Non-gazetted employees of the Uttarakhand government will get a pre-Diwali bonus of Rs 6,908, an official said on Thursday.
Key indices trade flat, rupee recovers slightly
Despite firm global cues and a slight recovery in the domestic currency, the key equity indices traded flat during the afternoon session of trade on Thursday as investors remained cautious ahead of key macro economic data release and tension between the RBI and government.