Page 2087 - Business Finance
Sqrrl Advices Investors to Choose Mutual Funds the Right Way
/ -- When one buy's direct mutual funds on the basis that there'll be earnings of an extra 0.5-1.5%, then it's time for a reality check. With the state of India's economy being volatile, investors all across are scrambling to either withdraw their current investments or look for opportunities that can offer long-term returns. (Photo: https://mma.prnewswire.com/media/777537/SQRRL_Mutual_Funds_Infographic.jpg ) More and more investors, from all across the economy, are turning to mutual funds, for their investment needs. This is evident from the fact that the MF industry has grown at an average of 25% in the past one year. In comparison to stocks, Mutual Funds offer diversified portfolio and risk management which makes them an attractive proposition. These days, Direct Mutual Funds are getting a lot of traction in India. This is in contrast to the already established distributor model of mutual funds where the investor pays a fraction of commission, usually 0.5-1.5%, to the mutual fund ..
Balrampur Chini Q2 net profit up 10 pc at Rs 91 cr
Sugar firm Balrampur Chini Wednesday reported a 10 per cent increase in its net profit at Rs 90.92 crore for the quarter ended September, 2018. Its net profit stood at Rs 82.39 crore in the year-ago period, the company said in a regulatory filing. Total income rose to Rs 1,022.69 crore in the second quarter of this fiscal from Rs 1,240.58 crore in the corresponding period of the previous year. Balrampur Chini is a leading sugar company of the country. It has many plants in Uttar Pradesh. Shares of the company closed at Rs 106.85, down 2.24 per cent over its previous closing price on BSE.
Analysis: Russia, wary of U.S. sanctions, puts saving before growth
MOSCOW (Reuters) - Russia's drive to fill state coffers to give itself a $200 billion buffer against threats like new U.S. sanctions is prudent, analysts say, but will come at the expense of economic growth.
Tata Motors posts second-quarter loss on lean JLR sales, one-off charge
(Reuters) - Tata Motors Ltd on Wednesday reported a loss for the three months ended September, dented by weak Jaguar Land Rover sales and a one-off charge in respect to a subsidiary closure.
Coal India OFS: Institutional buyers portion over-subscribed
The government's three per cent stake sale in Coal India saw strong response from institutional investors who bid for shares worth over Rs 4,200 crore and the shares reserved for them got over-subscribed in the opening day on Wednesday. The two day offer for sale (OFS) will open for retail investors tomorrow. This is the first big ticket share sale and first offer for sale (OFS) of the government in current fiscal. If fully subscribed, a three per cent Coal India (CIL) stake sale will fetch Rs 5,000 crore to the exchequer. Of the 14.89 crore share on offer, institutional investors put in bids for 15.83 crore till 3:25pm. This is 1.06 times the shares reserved for institutional buyers, as per data available with NSE. At the floor price of Rs 266, the sale of 15.83 crore shares will amount to over Rs 4,200 crore. The number could go up further as bidding will continue till 3.30 pm. Updated data was not available till the time of releasing this report. However, defying a broader market ..
Board of Gujarat Pipavav Port approves appointment of CFO
At meeting held on 31 October 2018
Board of Indo Tech Transformers appoints CFO and CEO
At meeting held on 31 October 2018
Board of Mishtann Foods accepts resignation of directors
At meeting held on 31 October 2018
IRIS Business Services to discuss results
On 3 November 2018
Market rallies on good buying support
Key equity indices ended with strong gains, backed by rally in financial stocks. The buying 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. The barometer index, the S&P BSE Sensex, rose 550.92 points or 1.63% to 34,442.05, as per the provisional closing data. The Nifty 50 index rose 188.20 points or 1.85% to 10,386.60, as per the provisional closing data.
Global Markets: Shares bounce as bulls fight back at end of brutal October
LONDON (Reuters) - Stock markets bounced higher on Wednesday, bringing some relief after a brutal October in which equities have suffered one of their worst drops in a decade and spooked investor confidence.
Jet Airways says it received payment delay notice from aircraft lessors
(Reuters) - Jet Airways (India) Ltd has received notices on payment delays from a few aircraft lessors, the troubled airline said on Wednesday.
WeWork to open 4 new co-working centres in Gurugram this yr; plans to enter Noida soon
US-based co-working operator WeWork will add four new centres, comprising over 7,000 seats, in Gurugram by the end of this year and is also looking at entering Noida as part of its expansion plan in the Delhi-NCR market, a top company official said. At present, the company has one centre in Gurugram with 1,400 seats. "We are opening 4 new centres in Gurugram this year, taking the total capacity to over 8,000 desks in this city," WeWork India head Karan Virwani told PTI. He said the company plans to expand in the Noida market and is scouting for a workplace in a good location. Virwani said the company currently has 12 centres operational with 18,000 desks in Bengaluru, Mumbai and Gurugram. It is opening three more centres soon, one each in three cities, having 4,000 desks, taking the total number of seats to 22,000 in November. He said the company has already tied up about 3 million sq ft office space since July last year and plans to double it over the next one year. On fund raising, .
Bank of Japan rules out early rate hike, warns of growth, financial risks
TOKYO (Reuters) - Japan's central bank chief on Wednesday ruled out a near-term interest rate hike amid risks from global trade disputes, but also raised a firm warning about vulnerabilities in the financial system from years of loose monetary policy.
Adani Enterprises reports consolidated net profit of Rs 79.58 crore in the September 2018 quarter
Sales rise 7.12% to Rs 9154.59 crore
Dabur India consolidated net profit rises 4.10% in the September 2018 quarter
Sales rise 8.48% to Rs 2124.97 crore
Nitin Spinners standalone net profit rises 97.59% in the September 2018 quarter
Sales rise 9.44% to Rs 311.30 crore
Summit Securities standalone net profit rises 18.15% in the September 2018 quarter
Sales rise 19.51% to Rs 11.33 crore
Faze Three standalone net profit rises 95.76% in the September 2018 quarter
Sales rise 25.16% to Rs 67.86 crore
Adani Enterprises reports standalone net loss of Rs 24.82 crore in the September 2018 quarter
Sales rise 57.72% to Rs 3078.16 crore