Page 2084 - Business Finance
Triton Valves reports standalone net loss of Rs 0.50 crore in the September 2018 quarter
Sales rise 1.68% to Rs 59.81 crore
Balrampur Chini Mills standalone net profit rises 10.35% in the September 2018 quarter
Sales decline 17.94% to Rs 1014.99 crore
L G Balakrishnan & Bros standalone net profit rises 18.29% in the September 2018 quarter
Sales rise 21.75% to Rs 426.97 crore
Acrysil standalone net profit rises 70.73% in the September 2018 quarter
Sales rise 30.66% to Rs 50.67 crore
GHCL standalone net profit rises 47.06% in the September 2018 quarter
Sales rise 16.95% to Rs 835.39 crore
GM profit tops estimates, sees strong full year
DETROIT (Reuters) - General Motors Co on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America.
TI Financial Holdings standalone net profit rises 11.70% in the September 2018 quarter
Sales rise 12.45% to Rs 29.53 crore
Electrosteel Steels reports standalone net loss of Rs 85.65 crore in the September 2018 quarter
Sales rise 39.67% to Rs 1098.68 crore
Taco Bell, KFC power Yum Brands' quarterly profit beat
(Reuters) - Yum Brands Inc topped Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at its KFC and Taco Bell chains helped counter continued weakness at Pizza Hut.
EU's Thyssenkrupp, Tata Steel inquiry raises disposal expectations
FRANKFURT/BENGALURU (Reuters) - By opening a deeper investigation into Thyssenkrupp's planned steel joint venture with Tata Steel, the European Commission (EC) raised expectations on Wednesday they will have to sell assets to win its approval.
Core sector growth slows down to 4-month low of 4.3pc in Sept
Growth of eight infrastructure sectors slowed down to 4.3 per cent in September, the lowest in the last four months, as production of crude oil and natural gas declined. Previously, the lowest growth rate was in May 2018 when the core sectors expanded at 4.1 per cent. Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 4.7 per cent in September 2017. The output of crude oil and natural gas dipped by 4.2 per cent and 1.8 per cent respectively in the month under review, according to the data released by the commerce and industry ministry on Wednesday. Fertiliser, cement and electricity output grew by 2.5 per cent, 11.8 per cent, and 8.2 per cent, respectively. However, the growth of coal, refinery products, and steel sectors declined to 6.4 per cent, 2.5 per cent and 3.2 per cent respectively in September. During April-September 2018, the core sector growth was 5.5 per cent as against 3.2 per cent in ...
Sanofi India net profit rises 2.49pc to Rs 119 cr in Jul-Sep
Drug firm Sanofi India Wednesday reported a 2.49 per cent rise in its net profit to Rs 119.2 crore for the quarter ended September 2018. The company had posted a net profit of Rs 116.3 crore for the corresponding period of the previous fiscal, Sanofi India said in a filing to BSE. The company's total revenue from operations stood at Rs 743.8 crore for the quarter under consideration against Rs 667.5 crore for the same period a year ago. Sanofi India shares closed at Rs 5,784.95 on BSE Wednesday, up 0.62 per cent from the previous close.
Larsen & Toubro second-quarter profit jumps 23 percent, beats estimate
(Reuters) - Industrial conglomerate Larsen & Toubro Ltd posted a 22.6 percent jump in Sept-quarter net profit, underpinned by higher order intake.
L'Oreal shares surge on beauty leader's upbeat China reading
PARIS (Reuters) - L'Oreal's shares rose sharply on Wednesday after buoyant demand in China for high-end labels like Lancome boosted third quarter sales and the cosmetics group dismissed fears of a slowdown in one of the beauty sector's biggest markets.
WhatsApp to organise start-up challenge in India
WhatsApp on Wednesday announced a tie-up with Invest India to promote Indian start-ups and said it would organise a start-up challenge in the country with the aim to invest in the top five participants of the competition.
HEG appoints director
With effect from 31 October 2018
Market spurts on broad-based buying
Key benchmark indices scored strong gains led by index heavyweights HDFC and Infosys. The barometer index, the S&P BSE Sensex, surged 550.92 points or 1.63% to settle at 34,442.05. The Nifty 50 index gained 188.20 points or 1.85% to settle at 10,386.60. Today's market rally was triggered after the government clarified on tussle with the Reserve Bank of India and said that it respects and nurtures central bank's autonomy. Positive global cues also boosted sentiment. Positive global cues also boosted sentiment.
Quick Wrap: Nifty IT Index rises 4.07%, NIFTY jumps 1.85%
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RCOM's GCX partners with PacketFabric to expand footprint
Reliance Communications (RCOM)-promoted Global Cloud Xchange (GSX) on Wednesday announced that it has tied up with PacketFabric to provide 100G trans-Atlantic service from New York to London through the FA-1 North submarine cable system.
Walmart India to invest USD 500 million to open 47 more stores
: Walmart India Wednesday said it would invest about USD 500 million(about Rs 3,200 crore at the current exchange rate)to open another 47 stores by 2022 to take the total number ofoutletsto 70. Krish Iyer, President and CEO Walmart India, said that out of the 23 B2B Cash and Carry stores, 19have achieved break even with over a million members. The global retail giant, which opened its 23rd wholesale store in Visakhapatnam Wednesday, is in the process of setting up a second store in Visakhapatnam and discussions are underway for land. "A typical store needs anywhere betweenUSD9 toUSD 10 million in terms of investment. We are planning to take the total number of stores to 70by2022. That is the plan and we will also have e-commerce space in all the stores. So you can do the math. Yes, it needs USD 500 million," Iyer told PTI. Walmart India became a wholly owned subsidiary of Walmart Inc after it severed and exited from thefailedJoint Venture with Bharti Enterprisesin ...