Page 2098 - Business Finance
Investment & Precision Castings standalone net profit rises 4.09% in the September 2018 quarter
Sales rise 26.06% to Rs 33.57 crore
3M India standalone net profit rises 6.95% in the September 2018 quarter
Sales rise 20.36% to Rs 682.86 crore
Jindal Hotels reports standalone net profit of Rs 0.21 crore in the September 2018 quarter
Sales rise 14.13% to Rs 8.32 crore
Majestic Auto standalone net profit rises 396.72% in the September 2018 quarter
Sales rise 290.67% to Rs 5.86 crore
Borosil Glass Works standalone net profit declines 17.28% in the September 2018 quarter
Sales rise 9.55% to Rs 86.97 crore
Shares may rise on positive global cues
Market is seen opening higher, tracking positive leads from Asian markets and overnight gains on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 47 points at the opening bell.
Coal India in focus as government to dilute stake
The President of India is looking to sell up to 18,62,22,275 (3%) equity shares of Coal India on 31 October 2018 (for non-Retail Investors only) and on 1 November 2018 (for Retail Investors and non-Retail Investors who choose to carry forward their unallotted bids) with an option to additionally sell 37,24,44,550 (6%) equity shares of the company. The floor price for the offer shall be Rs 266 per share. The announcement was made after market hours yesterday, 30 October 2018.
Samsung slashes capex, calls an end to chip boom after record third quarter
SEOUL (Reuters) - Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fuelled record third-quarter profit.
Samsung Electronics posts record third-quarter profit but warns of weaker earnings ahead
SEOUL (Reuters) - Samsung Electronics Co Ltd forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centres and higher production yields.
China's Baidu tops revenue estimates with strong app traffic
(Reuters) - Traffic growth on Baidu Inc's mobile app helped drive higher-than-expected third quarter revenue as China's biggest search engine operator places more emphasis on artificial intelligence (AI) and autonomous driving.
Global Markets: Asia stocks crawl up after a merciless October for global equities
TOKYO (Reuters) - Asian stocks pulled away from 20-month lows on Wednesday, thanks to a rebound on Wall Street, although investors remained cautious after an October month that saw sharp downturns across global equity markets.
Government invokes powers to direct RBI governor: Economic Times
(Reuters) - The Indian government has invoked never-before-used powers under the RBI Act allowing it to issue directions to the central bank governor on matters of public interest, the Economic Times reported http://bit.ly/2Rn69oY on Wednesday.
China factory activity slows in October amid trade war woes
Chinese factory activity slowed in October, official data showed Wednesday, adding to a growing list of bad news for the Asian giant as it struggles to maintain economic momentum in the face of American tariffs and a weakening yuan. The Purchasing Managers' Index (PMI), a key gauge of factory conditions, came in at 50.2 for the month, down from 50.8 in September, the National Bureau of Statistics said. The figure was below the 50.6 reading tipped in a Bloomberg News survey of economists. Although the numbers indicated a slowdown, they remained above the 50-point mark that separates expansion from contraction. The figures are the latest sign that the world's second-largest economy is losing momentum as it faces challenges at both home and abroad -- from a trade war with the US to a massive debt buildup. Growth dipped to 6.5 per cent in the third quarter, down from a high of 6.8 this year. The number was in line with Beijing's annual target. But further downward pressure could threaten .
Oil prices rise for first time in three days, but trade war fears drag
TOKYO (Reuters) - Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market.
Pakistan has great potential in upcoming CIIE in Shanghai: Official
Abdul Razak Dawood, advisor to Pakistani Prime Minister on commerce, textile, industry and production, and investment, has said that Pakistan has great potential in the China International Import Expo (CIIE) in Shanghai from November 5-10.
USISPF members hail PM Modi-led government's economic reforms
Board members of United States India Strategic Partnership Forum (USISPF), comprising senior US industry and business captains, on Tuesday appreciated the economic and regulatory reforms implemented by the Prime Minister Narendra Modi-led government.The USISPF board members called on the Prime Minister and briefed him on the outcomes of India Leadership Summit held earlier in the day. They further expressed their desire to further deepen their engagements with India to make use of the mutually beneficial opportunities created by the rapidly growing Indian economy.The Prime Minister stated that both countries have benefitted in an unprecedented manner through economic engagement. He encouraged US companies to fully avail of the business opportunities in new areas as well, such as start-ups, energy, health care and digital technology.
Samsung Elec posts record third-quarter profit but warns of weaker earnings ahead
SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centres and higher production yields.
Chip growth delivers Samsung Elec record Q3 profit
SEOUL (Reuters) - South Korean technology giant Samsung Electronics Co Ltd <005930.KS> posted record quarterly profit on Wednesday, meeting expectations thanks to sales of semiconductors to data centres and higher production yields.
Asia stocks tentative after a merciless October for global equities
TOKYO (Reuters) - Asian stocks pulled away from 20-month lows to eke out small gains on Wednesday, thanks to a rebound on Wall Street though investors remained cautious after a torrid October month that saw trillions of dollars wiped out of global equity markets.
Chip growth delivers Samsung Elec record third-quarter profit
SEOUL (Reuters) - South Korean technology giant Samsung Electronics Co Ltd <005930.KS> posted record quarterly profit on Wednesday, meeting expectations thanks to sales of semiconductors to data centres and higher production yields.