Page 2107 - Business Finance
TCI Finance standalone net profit rises 7.69% in the September 2018 quarter
Sales decline 14.67% to Rs 2.85 crore
Gujarat Poly Electronics standalone net profit rises 1790.91% in the September 2018 quarter
Sales rise 116.87% to Rs 7.07 crore
GTL reports standalone net loss of Rs 58.23 crore in the September 2018 quarter
Sales decline 82.45% to Rs 54.26 crore
Welcast Steels standalone net profit rises 12.96% in the September 2018 quarter
Sales rise 46.48% to Rs 73.30 crore
Unichem Laboratories standalone net profit declines 66.80% in the September 2018 quarter
Sales rise 51.14% to Rs 245.92 crore
JK Tyre & Industries standalone net profit rises 2400.33% in the September 2018 quarter
Sales rise 21.15% to Rs 1943.12 crore
Bharat Gears standalone net profit rises 157.05% in the September 2018 quarter
Sales rise 19.08% to Rs 149.77 crore
BASF India standalone net profit declines 94.58% in the September 2018 quarter
Sales rise 16.48% to Rs 1669.37 crore
Euro zone growth slows more than expected as sentiment dips
BRUSSELS (Reuters) - The euro zone grew much less than expected in the third quarter and economic confidence continued to fall, official estimates showed on Tuesday, as signs of distress became more evident in Italy, the bloc's third biggest economy.
BPCL shares fall over 4% after Q2 earnings
The scrip of Bharat Petroleum Corporation Ltd (BPCL) went down over 4 per cent Tuesday after the state-run firm posted 48.3 per cent decline in net profit for the second quarter ended September 2018. The scrip fell 3.72 per cent to close at Rs 266.65 on BSE. Intra-day, it dropped 4.49 per cent to Rs 264.50. On NSE, shares of the company declined 4.12 per cent to end at Rs 265.90. BPCL Monday posted 48.3 per cent decline in net profit to Rs 1,218.71 crore for the second quarter ended September 2018. The company had earned a net profit of Rs 2,357.40 crore in the same quarter a year ago. During the quarter, its revenues from operations rose to Rs 82,884.82 crore as compared to Rs 64,133.01 in the July-September period of 2017.
Honda reports rise in profit on cost cuts, healthy sales
Japanese automaker Honda Motor Co. reported a 21 per cent jump in its profit in the last quarter on cost cuts and healthy motorcycle sales. Tokyo-based Honda, which makes the Fit subcompact, Odyssey minivan and Asimo robot, said Tuesday that its July-September profit of 210.7 billion yen ($1.9 billion), up from 174 billion yen. Quarterly sales edged up nearly 2 percent from a year earlier to 3.84 trillion yen ($34 billion). Costs from recalls and litigation related to defective air-bag inflators made by Japanese supplier Takata Corp. fell, helping lift its bottom line, Honda said. Future losses remain uncertain since Honda was among Takata's biggest customers. Sales of Honda's N-Box series in Japan were strong during the quarter, while truck and Civic sedan sales were solid in the U.S. Motorcycle sales were strong in India, Vietnam and Indonesia, and production was expanded at a plant in India. The HondaJet also did well, being the most delivered aircraft in its class for the first ...
Italy PM says weak GDP data justifies government's expansionary budget
ROME (Reuters) - Prime Minister Giuseppe Conte said on Tuesday that weak Italian economic data published earlier in the day showed the government was right to draw up an expansionary 2019 budget.
Coca-Cola tops estimates on demand for sugar-free sodas
(Reuters) - Coca-Cola Co reported quarterly sales and profit that beat Wall Street estimates on Tuesday, as more consumers reached for its sugar-free sodas, premium waters and sports drinks.
JK Tyre Q2 net surges over 4-fold to Rs 46 cr
JK Tyre & Industries Tuesday posted over four-fold increase in its consolidated net profit at Rs 46 crore for the second quarter ended September 30. The company had reported a net profit of Rs 10 crore during the same period of the previous fiscal. Net sales rose by 23 per cent to Rs 2,548 crore for the second quarter, as against Rs 2,068 crore during the same period of the previous fiscal, JK Tyre & Industries said in a statement. "Buoyancy in demand continued in second quarter which has helped the company to achieve a good growth in sales," JK Tyre Chairman and Managing Director Raghupati Singhania said. He, however, added that increasing oil prices and rupee depreciation impacted raw material costs and continue to remain an area of concern. Singhania said increase in radialisation in the fast-growing truck/bus radial segment, Cavendish Industries Ltd (CIL), a subsidiary of JK Tyre has undertaken further expansion of its manufacturing capacity. "This will further strengthen .
Jubilant FoodWorks signs PepsiCo for Domino's Pizza; ends 20-yr old partnership with Coke
Jubilant FoodWorks Tuesday said it has signed PepsiCo as its new beverage partner for Domino's Pizza business in India replacing a 20 years partnership with Coke. Jubilant FoodWorks, which also operates Dunkin' Donuts chain in India, will now sell the entire portfolio of carbonated beverages of PepsiCo - Pepsi, Mountain Dew, 7Up, and Mirinda, the company said in a statement. Besides, it will sell Lipton Ice Tea, which is a joint venture between PepsiCo and Unilever, across all Domino's restaurants in India. "The partnership will bring in fresh focus on our beverage portfolio. We look forward to offering greater beverage variety and thereby enhancing the Domino's Pizza experience for our guests," Jubilant FoodWorks CEO Pratik Pota said. Jubilant FoodWorks, part of Jubilant Bhartia group, operates a network of 1,167 Domino's Pizza restaurants in 269 cities. Besides India, it along with its subsidiary have the exclusive rights to develop and operate Domino's Pizza brand in Sri Lanka, ...
Outcome of board meeting of JHS Svendgaard Laboratories
Held on 30 October 2018
ITC plans to expand its dairy business portfolio
Diversified conglomerate ITC Ltd is looking to expand its portfolio in dairy segment and plans to launch paneer and milk beverages in the next couple of months, an official said here on Tuesday.
Tata Motors starts production of upcoming SUV Harrier
Tata Motors Tuesday announced the first production of its upcoming SUV Harrier that will hit the market early next year. The first unit of Harrier was rolled out from the company's manufacturing unit at Pune, Tata Motors said in a statement. The new assembly line at the Pune unit has been built in a record time of six months with the best manufacturing practices adopted from group firm, Jaguar Land Rover, it added. "With the all-new assembly line ready and the roll out of the first Harrier, we are now gearing up to start deliveries in early 2019," Tata Motors President Passenger Vehicle Business Unit Mayank Pareek said. The Harrier, which is a five-seater monocoque SUV is engineered on a new generation architecture derived from Land Rover D8 architecture and developed in collaboration with Jaguar Land Rover. The Harrier will strengthen Tata Motors' presence in the fast growing SUV segment in the Indian market, where it already sells compact SUC Nexon. The upcoming model is expected to
Bank of Maharashtra shares zoom 20% after Q2 results
Shares of Bank of Maharashtra Tuesday soared 20 per cent after the company reported a net profit of Rs 27 crore for the quarter ended September 2018. The stock jumped 19.95 per cent to close at Rs 14.01 on the BSE. Intra-day, it soared 19.94 per cent to Rs 14.01. On NSE, shares of the company rose sharply by 19.82 per cent to end at Rs 13.90. The company's market valuation went up by Rs 606.43 crore to Rs 3,640.43 crore on the BSE. In terms of the equity volume, 23.15 lakh shares of the company were traded on BSE and over 88 lakh shares changed hands on NSE during the day. The bank had posted a net loss of Rs 23.24 crore in the July-September period of previous fiscal and Rs 1,119 crore loss in first quarter ended June of the current fiscal. The total income fell to Rs 3,192.80 crore during the quarter ended September as against Rs 3,303.62 crore in the same quarter of 2017-18, the bank said in a regulatory filing. The bank's asset quality remained poor with gross non-performing ...