Page 2138 - Business Finance
Bharat Bhushan Finance & Commodity Brokers standalone net profit rises 7.69% in the September 2018 quarter
Sales decline 4.00% to Rs 0.24 crore
Supreme Petrochem standalone net profit declines 78.54% in the September 2018 quarter
Sales rise 7.90% to Rs 759.26 crore
DE Nora India reports standalone net profit of Rs 0.51 crore in the September 2018 quarter
Sales rise 81.94% to Rs 7.86 crore
Sudal Industries reports standalone net loss of Rs 2.63 crore in the September 2018 quarter
Sales rise 36.39% to Rs 33.02 crore
Astec Lifesciences consolidated net profit rises 72.17% in the September 2018 quarter
Sales rise 17.50% to Rs 112.72 crore
Eros International Media standalone net profit rises 88.78% in the September 2018 quarter
Sales rise 27.71% to Rs 248.91 crore
ARSS Infrastructure Projects reports standalone net loss of Rs 3.44 crore in the September 2018 quarter
Sales rise 58.82% to Rs 81.49 crore
Astec Lifesciences standalone net profit rises 72.69% in the September 2018 quarter
Sales rise 17.50% to Rs 112.72 crore
Mackinnon Mackenzie & Company reports standalone net loss of Rs 0.13 crore in the September 2018 quarter
Sales reported at Rs 0.05 crore
SPS International standalone net profit rises 40.91% in the September 2018 quarter
Sales rise 172.73% to Rs 4.50 crore
Fuel prices further slashed on Saturday
Coming as a relief in the back of continual hikes, fuel prices witnessed a downward trend on Saturday.Petrol prices in the national capital were reduced by 40 paise to Rs 80.45, while diesel saw a reduction of 35 paise to fall to Rs 74.38.In Mumbai, petrol prices saw a cut down of 40 paise to now be selling at Rs 85.93, while diesel prices fell to Rs 77.96 after a reduction of 37 paise.In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had, on October 4, announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.
Top Reserve Bank of India official speaks up for central bank independence
MUMBAI (Reuters) - A top Reserve Bank of India official said on Friday that undermining a central bank's independence could be "potentially catastrophic", in comments appearing to push back against government pressure ahead of a general election next year.
S&P 500 ends at lowest since May as tech, internet stocks tumble
NEW YORK (Reuters) - The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for U.S. stocks.
IMF board approves increased loan package for Argentina
The International Monetary Fund executive board on Friday approved an increased loan package for Argentina worth USD 56 billion to help stabilize the crisis-battered country's economy and currency. The IMF said the approval released USD 5.7 billion to the government immediately, but it also includes tougher conditions. The country secured a USD 50 billion IMF loan in June, and had received USD 15 billion already, but as conditions worsened Buenos Aires had to go back to the lender for additional support with faster disbursement. With the latest installment, the IMF has released just over USD 20 billion to President Mauricio Macri's government. "Despite the challenging environment the government has proactively strengthened its policy plans," IMF Managing Director Christine Lagarde said in a statement. Argentina's woes were brought on by a rapid loss of confidence in its currency from April, which exacerbated the downturn already underway due to the severe drought. The peso has lost ...
Nasdaq ends with 2.1% loss as US stocks fall amid tech sell-off
Wall Street stocks finished a volatile week on a sour note Friday after disappointing earnings from Amazon and Google-parent Alphabet sparked a sell-off in tech shares. The tech-rich Nasdaq Composite Index finished with a loss of 2.1 per cent at 7,167.21. The Dow Jones Industrial Average shed 1.2 per cent to end the week at 24,688.31, while the broad-based S&P 500 fell 1.7 per cent to 2,658.69, taking its weekly loss to about 3.5 per cent. The Dow and S&P wiped out all of their gains for the year in this volatile trading week, which saw markets react to concerns about rising interest rates, the impact of US trade conflicts as well as geopolitical tension. Amazon and Alphabet reported big jumps in quarterly profit, but Amazon's sales forecast for the critical holiday-shopping quarter disappointed analysts, and Alphabet's revenues in the just-finished quarter also lagged expectations. Amazon shares plummeted 7.8 per cent while Alphabet dropped 2.2 per cent. Other large ...
Oil rises ahead of Iran sanctions but falls for a third week
NEW YORK (Reuters) - Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook.
Equities' slide sends bonds higher, dents greenback
NEW YORK (Reuters) - Stock markets around the world tumbled on Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars.
Wall St. slides as tech, internet stocks tumble
NEW YORK (Reuters) - U.S. stocks sold off further on Friday and the S&P 500 flirted with correction territory as disappointing results punished technology and internet shares.
Wall St. falls after earnings disappointments, but off day's lows
NEW YORK (Reuters) - U.S. stocks were lower on Friday afternoon following a slew of high-profile earnings disappointments, but indexes were off the day's lows and the S&P 500 eased off correction levels.
Equities' slide sends bonds, gold higher, dents greenback
NEW YORK (Reuters) - Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.