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Core Sector Growth Falls To Four Month Low
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GST collections cross Rs 1 lakh crore mark
Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday.
Steel Strips Wheels records 11% growth in October sales
Achieves highest ever monthly revenue in October 2018
Ramco Systems extends its business relations PHI Inc.
PHI, Inc., a long-time commercial aviation customer of Ramco, will upgrade the company and its subsidiaries to the latest version of Ramco Aviation M&E MRO Suite 5.8 to manage its multi-entity maintenance and flight operations of aircraft. Following a recent acquisition, PHI's fleet now numbers more than 250 aircraft in multiple models, and it plans to have around 3,000 users in the U.S., New Zealand and 12 other countries using Ramco Aviation software.
Mentha oil futures down 0.40 per cent on profit-booking
Mentha oil prices drifted lower by 0.40 per cent in futures trade Thursday after speculators booked profits, driven by easing demand from consuming industries at the spot markets. Also, ample stocks position on higher supplies from growing belts fuelled the downtrend. At the Multi Commodity Exchange, mentha oil for delivery in November fell by Rs 7.20, or 0.40 per cent, to Rs 1,808 per kg in 77 lots. Analysts said besides profit-booking by participants, fall in demand from consuming industries at current levels in physical markets, ample stock positions on increased supplies form Chandaushi in Uttar Pradesh, weighed on mentha oil prices at futures trade.
China having hard time, says Trump over trade war
China has been hurt over the past months and is having a "hard time" due to strong steps taken by the US against it over trade, President Donald Trump has claimed. The US levied tariffs of 10 per cent on USD 200 billion of Chinese products in September, with the rate set to increase to 25 per cent by the end of the year. In response, Beijing said it would impose taxes on 5,207 US imports worth about USD 60 billion. The two nations had already imposed tariffs on USD 50 billion of each other's goods before the September sanctions. "China has been hurt over the last number of months. And they're having a hard time, and they'll be fine. And let's see what happens, Trump said at a White House event. Trump said the two countries have a chance to make a fair deal. "China has been hurting us and trade deals have been hurting us," he said, adding that his administration is changing all those trade deals. "We are changing them. We changed with Mexico. We changed it with Canada, South Korea. ..
Nickle futures succumb to profit-booking, down 0.23%
Nickel futures traded 0.23 per cent lower Thursday as participants lowered their bets to book profit even as metal strengthened overseas. Besides, subdued demand at the domestic spot markets weighed on prices. At the Multi commodity Exchange, nickel for delivery in November fell by Rs 2, or 0.23 per cent, to trade at Rs 854.70 per kg in a business turnover of 626 lots. The fall in nickel prices at futures trade was mostly due to profit-booking by participants at current levels amid low demand from alloy-makers the domestic spot markets but a firming trend overseas, capped the fall.
Copper futures slide as traders lower bets
Copper prices fell by 0.07 per cent to Rs 435.40 per kg in futures trade on Thursday as speculators reduced their exposure amid muted demand at the domestic spot market. At the Multi Commodity Exchange, copper for delivery in November was trading 30 paise, or 0.07 per cent down at Rs 435.40 per kg in a business turnover of 426 lot. Analysts said off-loading of positions by traders amid muted demand at the domestic spot markets and weakness in metal overseas, influenced the copper prices.
Another New Beginning for TUV India With Branch Office at Trichy
/ -- TUV India Private Limited (TUV NORD Group), a leading Inspection, Certification and Testing organization, inaugurated its branch office at Officer's Colony Puthur, Trichy on 31st Oct 2018. The branch office is well equipped with modern amenities to provide outstanding work environment for employees. (Photo: https://mma.prnewswire.com/media/778349/TUV_India_Trichy.jpg ) Mr. R. Suresh, Incharge- Inspection Services, Trichy welcomed Mr. Shrikant Kulkarni, Senior Vice President, Certification, Training and Sustainability, along with TUV India team members from Chennai and Coimbatore branches for the inaugural ceremony. On this occasion, Mr. Manish Bhuptani, Managing Director, TUV India Private Limited, sent best wishes to the team and said, "Our rapid growth is encouraging us to further open new offices across the country and opening of Trichy branch is aligned to our strategic expansion plan." TUV India aims to give best services to its customers all across India with presence ...
Spot demand, global cues lift zinc futures by 0.72%
Zinc futures traded higher by 0.72 per cent to Rs 188.35 per kg Thursday as traders enlarged positions following uptick in demand in the spot markets coupled with a firm trend overseas. Zinc for delivery in November was trading higher by Rs 1.35, or 0.72 per cent, at Rs 188.35 per kg in 625 lots at the Multi Commodity Exchange. Market analysts attributed the rise in zinc futures to a firm trend at spot markets on pick up in demand form consuming industries and a firming trend overseas.
Matrimony.com announces consolidated PBT at Rs. 18 crore
Matrimony.com, the leading online matrimony company has announced a consolidated Revenue of Rs. 88.2 crores for the quarter, a growth of 5.4% against the corresponding quarter of the previous yearThe Board of Directors of Matrimony.com, have approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September, 2018.The company announced its Earnings before Interest, Tax and Depreciation (EBITDA) for the quarter were at Rs. 17.4 crores as against Rs. 20.6 crores for the corresponding quarter of the previous year.It incurred higher marketing spend of Rs 5.8 crores against the corresponding quarter of the previous year. The gross margin before marketing expenses was at 41.0% as against 40.1% in the corresponding quarter of the previous year. The EBITDA margin for the quarter was at 19.7% as against 24.6% for the corresponding quarter of the previous year. The Company's consolidated Net Profit before Tax for the quarter was at Rs. 18.2 ...
Gold goes up 0.11 per cent on positive global cues
Gold prices were up by 0.11 per cent to Rs 31,784 per 10 grams in futures trade on Thursday as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 36, or 0.11 per cent, to Rs 31,784 per ten grams, in a business turnover of 154 lots. The yellow metal for delivery in far-month February next year gained Rs 20, or 0.06 per cent, to Rs 32,021 per 10 grams in 10 lots. Market analsyts attributed rise in gold prices in futures trade to positive global cues. Meanwhile, gold was trading 0.25 per cent higher at USD 1,218.90 an ounce in Singapore.
Silver up Rs 37 in sync with global trend
Silver prices edged higher by Rs 37 to Rs 38,119 per kg in futures trade Thursday as participants widened their bets, mirroring a firm trend in the global market. In futures trading at the Multi Commodity Exchange (MCX), silver to be delivered in November was trading up by Rs 37, or 0.10 per cent to Rs 38,119 per kg, in a business turnover of 370 lots. Silver, the white metal for delivery in December was up by Rs 35, or 0.09 per cent to Rs 38,085 per kg in 221 lots. Analysts said a firming trend oversea where silver advanced influenced the white metal prices in futures trade here. Globally, silver rose 0.49 per cent to Rs 14.39 an ounce in Singapore on Thursday.
Narayana Hrudayalaya standalone net profit declines 41.73% in the September 2018 quarter
Sales rise 11.48% to Rs 522.83 crore
Matrimony.com standalone net profit declines 7.18% in the September 2018 quarter
Sales rise 12.56% to Rs 86.23 crore
Indostar Capital Finance standalone net profit declines 0.24% in the September 2018 quarter
Sales rise 57.40% to Rs 313.47 crore
NRB Industrial Bearings reports standalone net loss of Rs 3.94 crore in the September 2018 quarter
Sales rise 42.74% to Rs 13.96 crore
Binny Mills reports standalone net loss of Rs 3.51 crore in the September 2018 quarter
Sales rise 59.74% to Rs 2.46 crore
Zylog Systems reports standalone net profit of Rs 1.05 crore in the September 2018 quarter
Sales decline 14.53% to Rs 22.12 crore
Minda Corporation standalone net profit rises 56.55% in the September 2018 quarter
Sales rise 30.36% to Rs 313.88 crore