Page 2116 - Business Finance
Bagadia Colourchem reports standalone net profit of Rs 0.08 crore in the September 2018 quarter
Reported sales nil
Odyssey Technologies reports standalone net profit of Rs 0.61 crore in the September 2018 quarter
Sales rise 2.89% to Rs 3.56 crore
Shardul Securities standalone net profit declines 35.62% in the September 2018 quarter
Sales decline 23.33% to Rs 1.38 crore
HSIL standalone net profit declines 80.13% in the September 2018 quarter
Sales rise 17.22% to Rs 622.65 crore
Hong Kong Stocks mixed in volatile trade
OFFSHORE MARKET: US stock market closed lower on Monday, amid worries about renewed trade tensions between the U.S. and China as well as on lower crude oil prices. Investors are concerned that corporate earnings may peak this quarter as borrowing costs rise with the US Federal Reserve expected to raise interest rates by 25 basis points in December, followed by another two possible hikes in 2019. The Dow Jones Industrial Average slumped 245.39 points or 1% to 24,442.92, the Nasdaq tumbled 116.92 points or 1.6% to 7,050.29 and the S&P 500 fell 17.44 points or 0.7% to 2,641.25.
China Market climbs after regulator encourages share buybacks
The Shanghai Composite declined more than 22% in CY2018, battered by the trade dispute with the U.S., signs of a slowing economy and a weaker yuan. That's prompted the government to announce measures to restore confidence, promising support for the private sector and easing share-pledging risks.
Brent oil prices dips on rising supply, global market woes
SINGAPORE (Reuters) - Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.
Sensex, Nifty turn choppy on weak global cues, FPI selloff
Benchmark indices opened on a volatile note Tuesday following weak global market cues amid escalating trade tensions between the US and China, and heavy selling by foreign portfolio investors. The BSE Sensex was trading 31.63 points, or 0.09 per cent, lower at 34,035.77. It had dropped 130.16 points on opening trade. The 30-share index had rallied 718.09 points, or 2.15 per cent, to 34,067.40 in Monday's session. The NSE Nifty saw similar movement, and was trading 16.50 points, or 0.16 per cent, lower at 10,234.35. The bourse had opened 43.7 points lower. IndusInd Bank, Reliance Industries, Coal India, Tata Steel, TCS, ITC, NPTC and L&T were among the top losers, falling up to 2 per cent. While, Yes Bank, SBI, M&M, Tata Motors, Bajaj Auto, Bharti Airtel and Infosys rose up to 4 per cent. Global investor sentiment turned volatile after reports that the United States was preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between .
Oriano Solar Fastest Growing Technology Firm From Maharashtra: Deloitte
/ -- Mumbai-based solar solutions company, Oriano, has emerged as fourth fastest growing technology company pan India on the Deloitte Technology Fast 50 India 2018, a ranking of the 50 fastest growing technology companies in India. Headquartered in Mumbai, Oriano is the only company from Maharashtra to make it in Top 5, making it fastest growing technology company in the Maharashtra region. Rankings are based on percentage revenue growth over three years. Oriano grew 3431% percent during this period. "Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company's product and its leadership," said Rajiv Sundar, Program Director - Technology Fast 50 India 2018 and Partner, Deloitte India. "We congratulate Oriano on being ranked No. 4 on the 50 fastest growing technology companies in India." Founded in June 2015 by Sachin Jain, Yeshwant Rao and Sameer Shah, Oriano is funded by leading Venture Capital and Venture Debt ...
Global Markets: Asian stocks fragile as U.S.-China trade tensions escalate
TOKYO (Reuters) - Asian shares came under pressure on Tuesday with Chinese markets and the yuan falling, hurt by fresh worries about the intensifying Sino-U.S. trade war and tracking losses in Wall Street indexes.
Analysis: Sri Lanka's political crisis triggers major economic concerns
COLOMBO/MUMBAI (Reuters) - A decision by Sri Lanka's president to fire the prime minister has raised doubts among global investors and credit analysts about the near-term economic health of a country already grappling with slow growth and a falling currency.
BPCL drops after weak Q2 result
BPCL lost 3.63% to Rs 266.90 at 09:35 IST on BSE after net profit dropped 48.3% to Rs 1218.71 crore on 34.56% rise in total income to Rs 72829.83 crore in Q2 September 2018 over Q2 September 2017.
Chennai Petroleum Corporation Ltd Slides 3.96%, S&P BSE Energy index Shed 1.02%
Chennai Petroleum Corporation Ltd has lost 9.84% over last one month compared to 12.37% fall in S&P BSE Energy index and 6.05% drop in the SENSEX
US restricts Chinese chipmaker from buying American parts
The US has restricted exports to a state-backed Chinese company that makes semiconductors in the latest escalation in Washington's trade fight with Beijing.
Rupee falls 16 paise to 73.61 against US dollar in early trade
The rupee weakened by 16 paise to 73.61 against the US dollar in early trade Tuesday, amid increased demand of the American currencies from importers and sustained foreign fund outflows. Traders said the US dollar's strength against some currencies overseas and a lower opening in the domestic equity markets also weighed on the local unit. At the interbank foreign exchange, after opening lower at 73.58, rupee weakened further to quote at 73.61 against the dollar registering a fall of 16 paise over its pervious close. The rupee ended almost flat at 73.45 against the US dollar Monday. The dollar's weakness against some currencies overseas and easing crude oil prices, however, restricted the rupee fall, forex traders said. Globally, Brent crude, the international benchmark, was trading 0.36 per cent down at USD 77.06 per barrel. On a net basis, foreign investors pulled out Rs 2,230.79 crore from equity markets Monday, as per provisional data. Meanwhile, the benchmark BSE Sensex plunged ...
Sensex slips below 34,000 mark
Key benchmark indices were trading with modest losses in early trade. At 9:22 IST, the barometer index, the S&P BSE Sensex, was down 119.65 points or 0.35% at 33,947.75. The Nifty 50 index was down 12.50 points or 0.12% at 10,238.35. The Sensex slipped below the 34,000 mark.
Japan Nikkei rises 0.8%
CURRENCY NEWS: Japanese yen, widely viewed as a safe haven currency, was tad depreciated in the lower 112 zone against greenback on Tuesday. The dollar was quoted at 112.34-35 yen compared with 112.33-43 yen in New York and 111.92-94 yen on Monday in Tokyo. The euro, meanwhile, fetched 127.79-83 yen against 127.77-87 yen in New York and 127.68-72 yen in Monday trade in Tokyo.
Australia Market extends gain on bargain hunting
Shares of banks and financials were firmer. ANZ Banking, Westpac and Commonwealth Bank were up in a range of 0.3% to 0.6%, while National Australia Bank fell down 0.3%.
Equity indices open flat
The key Indian equity indices opened on a flat note on Tuesday.
Corrected: Asian stocks fragile as U.S.-China trade tensions escalate
(Corrects to clarify yuan hit 2-year low in offshore trade in paragraph 8 and a 10-year low in onshore trade in para 9)