Page 2086 - Business Finance

Adani Enterprises Q2 PAT jumps three-fold to Rs 172 cr

Adani Enterprises Wednesday reported about three-fold jump in its consolidated net profit after tax to Rs 172 crore for the second quarter ended September 30. The flagship firm of Adani Group had clocked a net profit of Rs 59 crore in the corresponding period previous fiscal. "The PAT attributable to owners for Q2 FY 19 is Rs 172 crores vs Rs 59 crores in Q2 FY 18. Overall, the company has witnessed improved performance of integrated Coal Management (ICM) and Mine Development and Operation (MDO) business," the company said in a statement. The consolidated income from operations increased 7 per cent to Rs 9,155 crore in the said quarter as against Rs 8,546 crore in the same period a year ago. "At Adani Enterprises, we continue our journey of creating world class assets, endorsing benefits of diversification, integration and superior business portfolio. Our focus on building global scale India-centric businesses would enable us to create value for our stakeholders," Adani Group Chairman

Tech Mahindra shares surge nearly 9% after Q2 earnings

Shares of Tech Mahindra Wednesday surged nearly 9 per cent after the IT firm said its consolidated net profit increased 27.2 per cent for the second quarter ended September 30. The stock soared 8.85 per cent to end at Rs 744.15 on the BSE. Intra-day, it jumped 9.76 per cent to Rs 750.40. On the NSE, shares of the company zoomed 8.58 per cent to close at Rs 743.95. In terms of the equity volume, 7.11 lakh shares of the company were traded on the BSE and over 1 crore shares were traded on the BSE during the day. Tech Mahindra Tuesday said its consolidated net profit has increased 27.2 per cent to Rs 1,064.3 crore for the second quarter ended September 30. This is against a net profit of Rs 836.2 crore in the July-September 2017 quarter, Tech Mahindra said in a statement. The company's revenue from operations was up by 13.4 per cent to Rs 8,629.8 crore during the said quarter as compared to Rs 7,606.4 crore in the year-ago period. In dollar terms, the net profit was up nearly 15.6 per ...

SoftBank hires Time Warner executive as global communications head

TOKYO (Reuters) - SoftBank Group Corp has hired a Time Warner executive and former lawyer in the Clinton administration to spearhead its global communications strategy as the company transforms into one of the world's largest technology investors.

Sensex jumps 550 points, Nifty above 10,300

Riding on firm global cues, the domestic markets ended higher on Wednesday, as the key equity indices -- S&P BSE Sensex and Nifty50 -- jumped over 1.60 per cent each, driven by banking and finance counters.

Sharda Cropchem standalone net profit rises 58.15% in the September 2018 quarter

Sales rise 0.83% to Rs 223.42 crore

Repro India standalone net profit declines 29.52% in the September 2018 quarter

Sales rise 15.42% to Rs 61.59 crore

Gujarat Pipavav Port standalone net profit rises 25.26% in the September 2018 quarter

Sales rise 12.81% to Rs 171.10 crore

Talbros Engineering standalone net profit declines 1.70% in the September 2018 quarter

Sales rise 40.74% to Rs 68.57 crore

Cochin Shipyard standalone net profit rises 47.33% in the September 2018 quarter

Sales rise 37.06% to Rs 799.40 crore

Heritage Foods standalone net profit rises 124.77% in the September 2018 quarter

Sales rise 0.68% to Rs 612.15 crore

Lloyds Metals & Energy standalone net profit rises 288.89% in the September 2018 quarter

Sales rise 32.62% to Rs 101.20 crore

EIH Associated Hotels reports standalone net profit of Rs 0.53 crore in the September 2018 quarter

Sales rise 1.01% to Rs 47.02 crore

TTK Healthcare standalone net profit declines 40.54% in the September 2018 quarter

Sales rise 6.78% to Rs 166.10 crore

Orient Paper & Industries standalone net profit rises 101.36% in the September 2018 quarter

Sales rise 12.31% to Rs 186.73 crore

Escorts standalone net profit rises 32.47% in the September 2018 quarter

Sales rise 15.41% to Rs 1398.36 crore

Repro India consolidated net profit rises 111.81% in the September 2018 quarter

Sales rise 41.83% to Rs 96.50 crore

Heritage Foods consolidated net profit rises 182.88% in the September 2018 quarter

Sales rise 0.53% to Rs 619.37 crore

Sensex rebounds as financials rally

(Reuters) - Indian shares clawed back earlier losses to end higher on Wednesday, bolstered by a rally in financial stocks after the country's government stressed that the Reserve Bank of India has autonomy, calming investors worried about a growing public rift with the central bank.

Euro zone inflation rise vindicates ECB stimulus curb

BRUSSELS/FRANKFURT (Reuters) - Euro zone inflation accelerated last month, providing further rationale for the European Central Bank's decision to dial back stimulus even as growth is slowing more sharply than most had forecast.

Vaccines and Genzyme help Sanofi keep promise of return to growth

PARIS (Reuters) - Sanofi lifted its 2018 profit target for the second time this year after robust sales of its vaccines and rare diseases division, Genzyme, helped it beat third-quarter profit expectations.