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Page 2109 - Business Finance

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Updated On : 30 Oct 2018 | 4:16 PM IST

Global Markets: Stocks stumble as trade war nerves send yuan to 10-year low

LONDON (Reuters) - European shares slipped back into the red and China's yuan hit a 10-year low on Tuesday, as the prospect of another escalation in the U.S.-Sino trade war compounded the recent gloom in global markets.

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Updated On : 30 Oct 2018 | 4:15 PM IST

Nintendo second-quarter profit hits eight-year high, powered by Switch sales

OSAKA (Reuters) - Japan's Nintendo Co Ltd on Tuesday said sales of Switch consoles and games pushed operating profit up 30 percent in the July-September period to reach its highest quarterly result in eight years.

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Updated On : 30 Oct 2018 | 4:05 PM IST

Nifty, Sensex end lower as Reliance Industries drags; IT up

(Reuters) - Indian shares ended lower on Tuesday, with oil-to-retail conglomerate Reliance Industries Ltd accounting for a major chunk of the losses, while a weak rupee buoyed IT stocks.

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Updated On : 30 Oct 2018 | 4:05 PM IST

Volatile session ends with modest losses

Key benchmarks ended the volatile session modestly lower as losses in energy stocks offset gains in IT shares. The barometer index, the S&P BSE Sensex, fell 205.95 points or 0.60% to 33,861.45, as per the provisional closing data. The Nifty 50 index fell 52.45 points or 0.51% to 10,198.40, as per the provisional closing data. The Sensex settled below 34,000 mark.

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Updated On : 30 Oct 2018 | 4:05 PM IST

NIIT Technologies launches Exact Max an exposure management solution

With insight driven from AdvantageGos digital cloud based Microservices, users can assess and aggregate each cedent's portfolio in unparalleled detail, at a macro-level, including map visualisations, year-onyear changes, and peer benchmarking.

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Updated On : 30 Oct 2018 | 4:05 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST
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Updated On : 30 Oct 2018 | 4:04 PM IST

ABB India Q3 net profit up 30% to Rs 108.34 crore

Power equipment and automation major ABB India Tuesday posted a 29.91 per cent increase in net profit at Rs 108.34 crore for the third quarter ended September 2018. The company, which follows January-December period as its financial year, had reported a net profit of Rs 83.39 crore during the same period last year. ABB India said net profit growth was led by differentiated portfolio mix and digital value additions. Total revenue from operations was up 30.77 per cent at Rs 2,515.36 as against Rs 1,923.4 crore in the corresponding period of 2017-18. "The quarter witnessed double digit growth across divisions with quick conversions and timely delivery. Strong execution and delivery further stabilised solid net cash position supporting revenue momentum," the company said. The company said total orders increased to Rs 2,355 crore during the third quarter of 2018, driven by a base order growth of 16 per cent. The profitable growth was supported by base orders and the successful execution of

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Updated On : 30 Oct 2018 | 4:00 PM IST