Page 2126 - Business Finance

Jiya Eco-Products standalone net profit rises 146.46% in the September 2018 quarter

Sales rise 204.60% to Rs 43.71 crore

K P R Mill standalone net profit rises 30.18% in the September 2018 quarter

Sales rise 12.10% to Rs 668.09 crore

Raj Television Network reports standalone net loss of Rs 0.94 crore in the September 2018 quarter

Sales decline 1.48% to Rs 12.69 crore

Nelcast standalone net profit rises 15.15% in the September 2018 quarter

Sales rise 35.15% to Rs 242.91 crore

Mangalore Chemicals & Fertilizers standalone net profit rises 41.72% in the September 2018 quarter

Sales rise 24.58% to Rs 998.79 crore

Carborundum Universal standalone net profit rises 31.77% in the September 2018 quarter

Sales rise 13.17% to Rs 436.32 crore

Quick Wrap: Nifty PSU Bank Index records a surge of 7.99%, NIFTY climbs 2.20%

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Lucideus raises $5 mn in funding led by John Chambers

Indian cyber security firm Lucideus Monday said it has raised USD 5 million (over Rs 36 crore) in funding, led by Cisco Chairman Emeritus John Chambers. The funds will be used to expand "with razor sharp focus" its presence in the US as well as existing markets like India, Lucideus CEO and co-founder Saket Modi told PTI. He added that the company has seen its revenues growing in triple digits year-on-year and has been cash flow positive for the last few years. Lucideus had raised funding in May last year from a clutch of global executives like Google's Rajan Anandan, Facebook Messenger executive Anand Chandrasekaran and FreeCharge's ex-CEO Govind Rajan. "The funds are being used to further strengthen our platform to provide more robust security to our enterprise customers that span across banking and financial services, retail and others," he said. This is Chambers' second investment in India after speech recognition solutions company, Uniphore Software Systems. He explained that he ..

Preethi Kitchen Appliances launches series of cook tops on Diwali

With the festive season right around the corner, Preethi Kitchen Appliances gears up to make this Diwali season even more joyous. With new product launches and exciting "Diwali Super Sale" offers Preethi promises to ensure a festive celebration.Preethi has launched a host of new products to strengthen its Gas Stove category. The Gas Stove/Hobs/Cooking Range market in India is worth Rs. 7.5 billion. This huge market has a number of branded and non-branded players fighting it out to catch the consumer's eye. Although, Preethi entered this category just 3 years back, yet, the focus on quality, innovation and service has helped the brand carve a niche for itself. To expand its footprint, Preethi has launched a new series of Glass Top Gas Stoves "Valentino" created in collaboration with Saint-Gobain which offers Lifetime Warranty on Glass and Burners. Adding to the festive fervour, the brand has announced "5 Year Warranty on Glass and Burners" for all other Glass Top Gas Stoves. It has ...

Square Yards aim to clock Rs 1,000 Cr property sales this festive season

Square Yards, India's largest Real Estate marketplace for new homes, announced that it aims to sell property worth Rs 1,000 crore this festive season during its 'ApneGharDiwali' event that will simultaneously run in 17 cities in six countries from 2nd-4th November. Ten of the country's largest developers have lined up their biggest new launches for the event and these upcoming projects will be unveiled first time during the event before opening up to the general audience afterward.The event will be held in 11 Indian cities namely Noida, Mumbai, Bengaluru, Kolkata, Gurugram, Pune, Hyderabad, Jaipur, Lucknow, Vizag and Vijayawada and in 5 other countries that have significant NRI population that includes UAE (Abu Dhabi, Dubai), Oman (Muscat), Qatar (Doha), Singapore and Hong Kong. The fest will kick off in the GCC countries first where the events will run from 2nd-4th November. In India, Singapore and Hong Kong, the event will take place from 3rd-4th November.More than 45 Grade A ...

Hong Kong Stocks gains in volatile trade

Shares of banks and finacials closed higher. HSBC (00005) jumped 5% to HK$63.55 as its quarterly earnings came in better than expectations. Hang Seng Bank (00011) edged up 0.1% to HK$189.8. Bank of East Asia (00023) gained 1.4% to HK$25.15. Standard Chartered (02888) put on 2.3% to HK$53.3. BOCHK (02388) added 1% to HK$31.65.

Japan Nikkei extends losses for third straight session

Wall Street shares fell on Friday after technology and internet shares sold off further, capping another volatile week for US stocks. The Asian markets followed on Monday.

BookMyShow net loss widens to Rs 140.25 cr for FY18

Bigtree Entertainment, which owns and operates online ticketing platform BookMyShow, reported a wider net loss of Rs 140.25 crore for the fiscal ended March 2018, according to regulatory documents. The company had posted a net loss of Rs 128.4 crore in the previous fiscal, according to the documents filed with the Corporate Affairs Ministry and sourced by business intelligence platform Tofler. Revenue from operations, on the other hand, increased 28.8 per cent to Rs 386.07 crore in FY2017-18 from Rs 299.57 crore in FY2016-17. Employee benefit expenses during 2017-18 increased to Rs 119.36 crore from Rs 75.45 crore in the previous fiscal. When contacted, a BookMyShow spokesperson said the company continues to make strategic and long-term investments. "BookMyShow continues to make strategic and long term investments in new and existing businesses and expanding geographies, many of which are already yielding results as evident from our strong growth in revenues," the spokesperson ...

Australia Market gains on bargain hunting

Shares of healthcare companies were the best performers, led by nearly 6% jump in Mayne Pharma after it announced a US acquisition late last week. Resmed, which reported strong year-on-year revenue growth and CSL also rose more than 3% each.

Dr Reddy's shares gain over 5%; m-cap rises by Rs 2,158 cr post Q2 earnings

Shares of Dr Reddy's Laboratories Monday surged over 5 per cent after the company reported a 76.83 per cent jump in its consolidated net profit for the quarter ended September 30, 2018. The stock gained 5.44 per cent to close at Rs 2,534.75 on BSE. During the day, it jumped 6.43 per cent to Rs 2,558.55. On NSE, shares of the company soared 5.28 per cent to end at Rs 2,531.65. Led by the gain in the stock price, the company's market valuation rose by Rs 2,157.95 crore to Rs 42,072.95 crore on BSE. In terms of equity volume, 1.80 lakh shares of the company were traded on BSE and over 10 lakh shares changed hands on NSE during the day. Drug major Dr Reddy's Laboratories Friday reported a 76.83 per cent jump in its consolidated net profit at Rs 503.8 crore for the quarter ended September 30, 2018 on robust sales. The company had posted a net profit of Rs 284.9 crore in the corresponding period of the previous fiscal, Dr Reddy's Laboratories said in a filing to BSE. Consolidated revenue of

Century Textiles Q2 net profit jumps 3-fold to Rs 156 crore

Century Textiles & Industries (CTIL) today reported nearly three-fold jump in its standalone net profit of Rs 156.52 crore for the second quarter ended September 30. The company, which has received shareholder's nod to to sell its cement assets to Ultratech on October 24, had posted a net profit of Rs 52.78 crore in the July-September quarter a year ago, CTIL said in a BSE filing. Its net sales stood at Rs 1,949.77 crore, up 8.83 per cent, during the quarter under review as against Rs 1,791.53 crore in the corresponding period last fiscal. "Profit before Interest, Depreciation and Tax jumped 40 per cent to Rs 393.44 crore vis-a-vis Rs 280.84 crore in the corresponding period of the previous year," the company said in a statement. Century Textiles total expenses rose 8.35 per cent to Rs 1,879.42 crore, compared to Rs 1,734.53 crore. CTIL's revenue from textile segment surged 37.83 per cent to Rs 238.79 crore, as against Rs 384.13 crore. While revenue from cement was up 16.84 per ..

Turnover in the F&O segment rises

Nifty November 2018 futures at premium

China regulator to propose 50 percent cut to car purchase tax - Bloomberg

(Reuters) - China's top economic planning body is proposing to cut the tax levied on car purchases by half, as the impact of an escalating trade war with the United States threatens to slow the Chinese economy and affect demand for vehicles, Bloomberg reported https://www.bloomberg.com/news/articles/2018-10-29/china-regulator-is-said-to-propose-50-cut-to-car-purchase-tax-jnu5fnid on Monday.

Nifty, Sensex clock strong gains as financials rally

(Reuters) - Indian shares closed more than 2 percent higher on Monday, lifted by financial stocks on optimism about quarterly earnings, while market sentiment was further bolstered by the Reserve Bank of India's liquidity injection plans.

Tata Power to raise up to Rs 5,500 crore via NCDs

Tata Power Monday said its Board has approved plan to raise up to Rs 5,500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. "The board has approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures up to an aggregate amount not exceeding Rs 5,500 crore on private placement basis," Tata Power said in a BSE filing. Shares of Tata Power settled 12.40 per cent higher at Rs 77.50 apiece on BSE.