Page 2074 - Business Finance
Rama Pulp & Papers standalone net profit rises 16.07% in the September 2018 quarter
Sales rise 4.11% to Rs 31.93 crore
Larsen & Toubro standalone net profit rises 50.93% in the September 2018 quarter
Sales rise 17.56% to Rs 18648.76 crore
Castrol India standalone net profit declines 15.60% in the September 2018 quarter
Sales rise 7.60% to Rs 926.90 crore
Benchmarks sharply pare gains amid volatility
Trading turned volatile as key benchmarks bounced back after briefly turning negative in morning trade. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 43.65 points or 0.13% at 34,485.70. The Nifty 50 index was up 10.20 points or 0.10% at 10,396.80. Selling in IT shares put pressure on bourses.
Skipper decides to shift its facility in Telangana to West Bengal
As part of cost reduction and capacity optimization
Gold price increase to dampen Indian festive purchases - WGC
MUMBAI (Reuters) - Indian gold demand in 2018 is expected to fall from the previous year as a rally in local prices to five-year highs is likely to dent purchases during key festivals in the December quarter, the World Gold Council (WGC) said on Thursday.
Aeronutrix Sports Product Pvt Ltd's Brand Fast&Up Announces Major Retail Expansion of Sports and Health Nutrition in India
/ -- Expected to increase to over 600+ Retail outlets across India by end of FY 2018-2019 Aeronutrix Sports Products Private Limited's Fast&Up has embarked on an ambitious plan to make the brand available to more consumers through the retail foray. Fast&Up products are already present in the shelves of around 20 Noble Plus stores in Mumbai. This is a pilot, the brand is in process of being placed in the entire Noble Plus chain pan India. Fast&Up has already made its space in the nutrition chart of health experts and sports enthusiasts and won their hearts. By expanding their distribution web, they are making a move to strengthen their customer base and create awareness about the product to general public at large. The retail roll out of the product will be done in phases. In the first phase it would be rolling out into the unorganized nutrition store network in India, with the brand having its product in 250 stores which is expected to be around 600 plus by the end of ...
Japan Nikkei trades lower as investors opt for profits
ECONOMIC NEWS: At the conclusion of a monetary policy meeting on Wednesday, the Bank of Japan downgraded inflation and economic growth forecasts through fiscal 2020, putting its 2% inflation target well out of reach for the foreseeable future. In the short term, the central bank also predicted that inflation for the current fiscal year would only rise by 0.9%, a downward revision of 0.2 points from its July forecast. But with little room left for further easing after years of monetary stimulus, the board voted 7 to 2 to keep monetary policy unchanged. Speaking at a news conference, BOJ Gov. Haruhiko Kuroda denied that the revisions represented a large shift in the bank's outlook, but said that latent global risks could take a bite out of domestic growth and price inflation.
L&T spurts after good Q2 result
Larsen & Toubro gained 4.63% to Rs 1,358.50 at 10:10 IST on BSE after consolidated net profit rose 28.37% to Rs 2593.41 crore on 21.6% rise in total income to Rs 32800.85 crore in Q2 September 2018 over Q2 September 2017.
Kellton Tech Solutions Ltd Falls 2.85%, S&P BSE IT Sector index Drops 1.17%
Kellton Tech Solutions Ltd has lost 11.85% over last one month compared to 10.29% fall in S&P BSE IT Sector index and 5.62% drop in the SENSEX
Xoriant Recognized for IoT Technology Competency in Zinnov Zones 2018 - IoT Technology Services Report
/ -- Placed in 'Execution Zone' for 5 major industry categories - Systems Integration, Platform & Application and Use Cases such as Predictive Maintenance, Supply Chain Intelligence and Customer 360 Xoriant, a Silicon Valley headquartered product engineering, software development and technology services firm, today announced that it has been prominently featured in the 2018 IoT Technology Services report by Zinnov - a global management & strategy consulting firm. (Logo: https://mma.prnewswire.com/media/449859/PRNE_Xoriant_Logo.jpg ) Zinnov highlighted Xoriant's strength in key IoT technology services and competencies such as system integration and deployment, platform and application, strategy consulting and engineering capabilities. Xoriant has been positioned in the 'Execution Zone' for System Integration as well as Platform & Application Competency. Additionally, Zinnov recognized Xoriant's expertise and experience across various use case categories positioning us in ...
Australia Market gains on Thursday
Shares of materials and resources companies were higher, with shares of Rio Tinto, and Fortescue were up in a range of 1% to 2%. BHP Billiton gained more than 4% after the miner said it will return A$10.4 billion to shareholders, through an off-market A$5.2 billion share buyback that it will start immediately, and the remaining A$5.2 billion through a special dividend to be calculated on December 17.
Sensex, Nifty turn choppy; erase early gains on profit-booking
The BSE Sensex rose over 100 points Thursday, but turned choppy after investors began booking profits at higher levels. The benchmark indices opened higher led by banking and auto stocks amid sustained buying by domestic institutional investors (DIIs), better-than-expected corporate earnings and positive global cues buoyed sentiment. The 30-share Sensex rallied 149.36 points, or 0.44 per cent, to trade at 34,591.41 points. The gauge had climbed 550.92 points Wednesday. Sectoral indices led by capital goods, realty, infrastructure and auto were trading in the positive zone, with gains up to 4.29 per cent. The broader NSE Nifty too surged 55 points, or 0.49 per cent, to 10,441.60 in opening session. In the Sensex kitty, L&T took the top position by surging 5.73 per cent on the back of better-than-expected quarterly earnings posted by the company Wednesday. Easing concerns around the rift between the government and RBI, after the Finance Ministry said the autonomy for the central ...
RBI is required to intervene in the interest of the entire financial sector: CII
In its set of recommendations, CII has said that the Financial Sector in India over the last few years has become an integrated system with players like NBFCs, Banks, HFCs, Mutual Funds amongst others becoming symbiotically inter-connected and these no longer exist in isolation. Any significant impact on one segment is bound to have a ripple effect in the entire system. The sector has become much more broad-based compared to even five years back.
China's factory sector barely grows in October, export orders extend slump: Caixin PMI
BEIJING (Reuters) - China's manufacturing sector barely grew after stalling in September, a private survey showed, while an extended contraction in export orders highlighted rising pressure on the economy as a trade war with the United States intensified.
China to step up policy support for rural economy: central bank vice governor
BEIJING (Reuters) - China will step up monetary policy support for rural areas and encourage local firms to raise funds in the capital markets, said a central bank vice governor, pledging that Beijing will help facilitate funds to reach the rural economy.
L&T, Tata Motors to react to Q2 results
Larsen & Toubro (L&T)'s consolidated net profit rose 28.37% to Rs 2593.41 crore on 21.6% rise in total income to Rs 32800.85 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 31 October 2018.
Bosch gains as board to consider buyback proposal
Bosch rose 1.3% to Rs 20,112.40 at 09:27 IST on BSE after the company scheduled a board meeting on 5 November 2018 to consider the proposal for buyback of equity shares of the company.
HEG Ltd Spikes 5.98%, S&P BSE Capital Goods index Rises 3.68%
HEG Ltd has added 34.28% over last one month compared to 6.7% gain in S&P BSE Capital Goods index and 5.38% drop in the SENSEX
Escorts tractor sales jump 29% in October
Sells 13,140 units