Page 2111 - Business Finance
NOCIL standalone net profit rises 38.80% in the September 2018 quarter
Sales rise 19.50% to Rs 271.99 crore
White Organic Agro consolidated net profit rises 149.25% in the September 2018 quarter
Sales rise 134.29% to Rs 81.44 crore
Manraj Housing Finance reports standalone net loss of Rs 0.52 crore in the September 2018 quarter
Sales reported at Rs 0.10 crore
White Organic Agro standalone net profit rises 272.84% in the September 2018 quarter
Sales rise 369.61% to Rs 45.74 crore
Gangotri Textiles standalone net profit declines 90.91% in the September 2018 quarter
Reported sales nil
Delhi airport to see Rs 9,000 cr investment to boost capacity
An investment of Rs 9,000 crore is expected to be made in Delhi airport in the coming years, according to Vice President M Venkaiah Naidu, as the aerodrome operator looks to boost capacity. The Indira Gandhi International Airport Ltd (IGIL), the country's busiest aerodrome, is projected to handle 70 million passengers this year. Naidu Tuesday said the Delhi airport would be spending about Rs 9,000 crore to boost capacity and handle 100 million passengers per annum. He was speaking here after unveiling two publications about Delhi airport. "I am given to understand that since GMR took over this airport, the number of air traffic movements has gone up by 250 per cent, passenger numbers have gone up by 400 per cent," Naidu said. Connectivity is the key to economic growth, he added. The airport is operated by DIAL -- a consortium of GMR Group, Airports Authority of India (AAI) and Germany's Fraport. The GMR group-led consortium began operating the aerodrome in 2006. GMR Airports Executive
INCX - Proud Recipient of FINEXT Award
/ -- InternationalCryptoX PTE Ltd, INCX, a state-of-the-art next gen crypto trading platform set to go LIVE during last week of November. INCX is proud and happy to announce that Sanjoy Gaddipati, Founder, CEO, and Managing Director is a recipient of this year's Excellence in FINEXT Award at the Finextcon conference held at Las Vegas, USA on 25th & 26th October. (Logo: https://mma.prnewswire.com/media/715315/INCX_Logo.jpg ) The Finextcon 2018 awards recognize the innovative, creative and successful projects in financial technology from around the world. The awards celebrate the success stories of the companies in the financial markets. FINEXT Tech conference awards committee finalizes the list of awardees after rating them on the following parameters: Impact on the finance industry Integration of technology and finance Spirit of innovation For financial and technical institutions, winning a FINEXT Award proves the value of their technology investments and showcases their ...
Samsung Electronics showcases 5G tech for smart agriculture in India
In an impetus to 5G deployment, Samsung Electronics on Tuesday showcased here how its solutions can enable a variety of 5G-powered business models and scenarios for smart agriculture, home broadband services and smart cities in India.
BP's profits thunder to five-year high
LONDON (Reuters) - BP's profits thundered to a five-year high, boosted by stronger oil prices with production set to rise further thanks to the $10.5 billion acquisition of BHP Billiton's U.S. shale business this week.
Symphony Ltd leads losers in 'A' group
Kwality Ltd, Vakrangee Ltd, Dabur India Ltd and Meghmani Organics Ltd are among the other losers in the BSE's 'A' group today, 30 October 2018.
Bank of Maharashtra reports Rs 27 crore net profit in Q2
State-owned Bank of Maharashtra Tuesday reported a net profit of Rs 27 crore for the quarter ended September 2018. 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. 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 assets (NPAs) rising to 18.64 per cent of gross loans as on September 2018 as against 18.54 per cent in the year-ago period. In absolute value, the gross NPAs stood at Rs 16,872.84 crore by end of September 2018 as against Rs 17,239.27 crore in the same quarter a year ago. Net NPA ratio, however, came down at 10.61 per cent of the net advances from 12.68 per cent a year ago. In value terms, the net NPAs were Rs 8,742.86 crore by the end of the second quarter, 2018-19 as
Gold rallies as festive demand picks up
Gold prices rose by Rs 70 to Rs 32,620 per 10 gram Tuesday amid pick-up in festive demand. Silver, however, declined by Rs 260 to Rs 39,240 per kg due to tepid demand by industrial units. Bullion traders said that due to the upcoming Diwali festival there has been a rise in gold coin demand. In the international market, gold stood at USD 1,224.83 an ounce in New York. In Delhi, gold of 99.99 and 99.5 per cent purity rallied by Rs 70 each to Rs 32,620 and Rs 32,470 per 10 gram, respectively. Last week on Thursday, gold prices traded at over six-year high of Rs 32,625 per 10 gram. Meanwhile, sovereign gold Tuesday also rose by Rs 100 to Rs 24,900 per piece of eight gram. On the other hand, silver ready prices went down by Rs 260 to Rs 39,240 per kg and silver weekly-based delivery by Rs 388 to Rs 38,345 per kg. Silver coins, however, remained unchanged at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
Government examines outright sale of IL&FS: ET Now, citing news agency sources
MUMBAI (Reuters) - Government is examining a complete sale of debt-laden Infrastructure Leasing and Financial Service Ltd (IL&FS), as one of the options to solve the crisis at the beleaguered firm, television channel ET Now reported, citing news agency sources.
Higher fuel costs clip Lufthansa's wings in third quarter
German airline giant Lufthansa reported falling profits in the third quarter, hit by higher fuel costs and the pricey integration of defunct competitor Air Berlin. etween July and September, net profit at the Frankfurt-based group fell 10 percent year-on-year, to 1.07 billion euros ($1.2 billion). espite the drop, that was still better than a 983 million euros forecast from analysts surveyed by Factset. perating, or underlying profit adjusted for some one-off items -- the company's preferred measure of its performance -- also fell, shedding 10.8 percent to 1.35 billion euros. Revenues grew 1.5 percent to 9.96 billion euros. n a statement chief executive Carsten Spohr hailed "the second-best nine-month result in our history" as the group reported adjusted operating profit of 2.4 billion euros between January and September. oosted by a an all-time high of 108.5 million passengers in the first three quarters, the strong performance came despite an increase in fuel costs amounting to 536
Barometers extend intraday losses
Key barometers extended losses and hit fresh intraday low in mid-afternoon trade. At 14:37 IST, the barometer index, the S&P BSE Sensex, was down 213.62 points or 0.63 % at 33,853.78. The Nifty 50 index was down 50.85 points or 0.50% at 10,200. The Sensex was trading below the 34,000 mark.
Asian Star Company Ltd leads losers in 'B' group
PAE Ltd, Genus Paper & Boards Ltd, Pearl Global Industries Ltd and Plastiblends India Ltd are among the other losers in the BSE's 'B' group today, 30 October 2018.
FM criticises RBI for indiscriminate lending by banks
Finance Minister Arun Jaitley Tuesday criticised the Reserve Bank of India for failing to check indiscriminate lending during 2008 and 2014 that has led to the present bad loan or NPA crisis in the banking industry. The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of monetary policy makers. RBI Deputy Governor Viral V Acharya in a speech on Friday stated that undermining the central bank's independence could be "potentially catastrophic". This was seen as a veiled reference to RBI pushing back hard against government pressure to relax its policies and reduce its powers. "You see (between) 2008 to 2014, after the global economic crisis, to keep the economy artificially going, banks were told open your doors and lend indiscriminately," Jaitley said at India Leadership Summit organised by US-India Strategic Partnership Forum. "The central bank looked the other way, there was indiscriminate lending," he said. The government of ...
Western Digital Continues Enterprise-capacity HDD Leadership
/ -- New 15TB Ultrastar DC HC620 HDD Leverages SMR Technology to Improve Areal Density and Lower TCO for Scale-out Cloud and Enterprise Data Center Customers Showcasing its continued strength and leadership in enterprise-capacity storage solutions, Western Digital (NASDAQ: WDC) announced the industry's highest capacity HDD, the 15TB Ultrastar DC HC620 host-managed SMR HDD. The Ultrastar DC HC620 delivers an unprecedented capacity point with a time-to-market advantage for customers who have invested in, and continue to take advantage of the benefits of SMR. "With data continuing to grow at unprecedented rates, many hyperscale and cloud storage customers know that their workloads trend towards data that is written sequentially. In these instances, customers are optimizing their infrastructures with the lowest TCO and the maximum capacity," said Eyal Bek, vice president of product marketing, Western Digital. "By capitalizing on our highest-capacity SMR storage solutions, our customers' ..
Mobikon announces 'Self Serve Loyalty' for restaurants
Mobikon, a leading customer engagement analytics platform designed for the food and beverages (F&B) industry, announced the launch of its 'Self Serve Loyalty Program' for the QSR and Fast Casual Restaurants at the Fast Food and Cafe Convention (FFCC) on 30th October at Gurugram. Mobikon's 'Self Serve Loyalty' adds to existing customer engagement, insights, marketing and loyalty tools to provide restaurants segmented marketing campaigns that drive sales.The tool will enable single outlets as well as multi-location restaurants to run a loyalty program for their customers at the payment counter enabling them to drive revenue and engagement using a quick and simple check-in on a 'Tablet Kiosk'.Launching the product, Hitesh Anand, Chief Product Officer at Mobikon, said, "Loyalty is not just about points, it is a critical building block for building relationship with your customers. New customer acquisition is always more expensive, sometimes accruing two-thirds more costs than ...
High oil prices hurt consumers, dent fuel demand: IEA chief
SINGAPORE (Reuters) - High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday.