Page 2220 - Business Finance
Sanghi Corporate Services reports standalone net loss of Rs 0.02 crore in the September 2018 quarter
Reported sales nil
AMJ Land Holdings standalone net profit rises 57.69% in the September 2018 quarter
Sales decline 1.37% to Rs 5.77 crore
HDFC Bank Q2 net profit rises 21 pc to Rs 5,005 crore
Private sector HDFC Bank Saturday reported a rise of 20.6 per cent in its net profit to Rs 5,005.73 crore for the second quarter ended September this fiscal. The bank had registered a net profit of Rs 4,151.03 crore in the similar July-September quarter of 2017-18. Total income for the quarter grew by 21.2 per cent to Rs 28,215.2 crore as against Rs 23,276.2 crore, the bank said in a regulatory filing. The net interest income (interest earned minus interest expended) for the quarter grew by 20.6 per cent to Rs 11,763.4 crore, driven by average asset growth of 22.9 per cent and a net interest margin of 4.3 per cent, it said. The net interest income stood at Rs 9,752.1 crore in September quarter of 2017-18. On asset front, the gross non-performing assets (NPAs) of the bank rose slightly to 1.33 per cent of the gross advances as on September 30, 2018 from 1.26 per cent on September 30, 2017. The net NPAs or bad loans, however, fell to 0.40 per cent of the net loans by end of second ...
LiveFiesta makes record sales of over one lakh tickets at Navratri this year
LiveFiesta, a Mumbai based ticketing start up has not only made a record number of sales for this Navratri, but have given a tough fights to many other well established ticket selling platforms. The startup up run by young entrepreneurs in their earlier 'twenties' have sold over 1 lakh tickets and counting for a Navratri event, Rangilo Re-organised by Nesco this year.While there have been talks of not a great turn around in numbers at various venue this Navratri, it has been a game changer kind of event for the young team of LiveFiesta. They have made a record number of sales not only for Navratri, but amongst all their events till date.The strategy and planning for the young team of Live fiesta have been very simple, is to market the events to the right audience in a right manner. The company has collaborated with best of the events happening in Mumbai and Pune currently. They are already on a roll to expand it on a pan India basis.Since inception in 2014, LiveFiesta has established
IndiGrid delivers another robust quarter with EBITDA up by 24%
IndiGrid, India's first power sector Infrastructure Investment Trust ("InvIT"), announced its results for the quarter ended 30th September 2018.The company posts EBITDA of Rs. 1,517 million in Q2 FY19, up by 24% YoY and 4% QoQ on back of acquisitions. Consolidated revenue for the quarter stood at Rs. 1,653 million.On a half-yearly basis, Revenue and EBITDA stood at Rs. 3,253 million and Rs. 2,975 million respectively for H1 FY19.The Board of Sterlite Investment Managers Limited acting as the Investment Manager of IndiGrid approved DPU of Rs. 3.00 for Q2 FY19. Of this, Rs. 2.72 will be distributed as interest and remaining as capital repayment. IndiGrid is on track to achieve its stated DPU guidance of Rs. 12.00 for FY19. Additionally, the company has completed the investment in its first third-party asset of Techno Electric."IndiGrid delivered another robust quarter with strong operational performance and stable distribution. Since listing, we have distributed Rs. 15.56 per unit ...
Gold remains up on festive buying, positive global leads
Gold prices rose by Rs 220 to Rs 32,270 per 10 grams as upward trend continued unabated for the fourth straight week, backed by persistent buying by local jewellers to meet festive season demand coupled with positive global cues. Silver after moving both ways on alternate bouts of buying and selling, managed to end higher by Rs 200 to Rs 39,600 per kg. Traders attributed the sustained rise in gold prices to increased buying by local jewellers, driven by ongoing festive season and a firming trend in global markets. Besides, weakness in the rupee, making imports costlier, also fuelled the upside in gold prices. Globally, gold ended the week higher at USD 1,227.50 an ounce and silver at USD 14.70 an ounce in New York against the previous week's of USD 1,218.80 and USD 14.68, respectively. In the national capital, gold of 99.9 per cent and 99.5 per cent purity commenced the week higher at Rs 32,250 and Rs 32,020 per ten gram, respectively, but slipped to a low of Rs 32,180 and Rs 32,020 ..
Mixed fortunes for festive realty (Comment)
In the backdrop of stagnant prices, rising interest rates, improving sales and recovering residential real estate, the current trends in the property market during this year's festive season, marked by the onset of Navratras, point to mixed fortunes in store for the real sector.
Pudumjee Paper Products standalone net profit rises 51.72% in the September 2018 quarter
Sales rise 31.53% to Rs 152.59 crore
ISG positions L&T Technology Services as global leader
L&T Technology Services (NSEThe survey by ISG is the first-ever service provider ranking on Product Engineering, Manufacturing, Plant/Process Engineering and Software Digital & Platform Engineering. The survey evaluated LTTS across Automotive, Chemicals and Oil & Gas, Lifesciences & CPG and recognized the company's expert capabilities in these domains.For the US market, ISG acknowledged LTTS as a preferred partner for its customer base due to its expertise in end-to-end service offerings across the product lifecycle from test, validation and certification to design and implementation. The survey also highlights LTTS' long standing engineering heritage, multi domain and vertical expertise, strong partner ecosystem, state of the art research and test labs and experienced engineering workforce.In its ISG Provider Lens Awards Ceremony at Austin, TX on October 17, LTTS was presented with award recognizing its engineering expertise in Automotive, Chemicals and Oil & Gas .
North Korean hacker group stole $571 mn in crypto attacks
Amid growing crypto-jacking episodes, a North Korean hacking group called Lazarus has stolen cryptocurrencies worth more than half a billion dollars.
India Grid Trust fixes record date for purpose of distribution
Record date is 26 October 2018
Upgraded Smart Home Appliances and New Energy Products Take Centre Stage at Phase 1 of the Canton Fair
/ -- Between October 15 to 19, Phase 1 of the 124th China Import and Export Fair (Canton Fair) took place in Guangzhou, where it showcased comprehensive industrial demonstrations for electronics and household electrical appliances, lighting products, vehicles spare parts, machinery, hardware & tools, building materials, chemical products and energy products from more than 8700 companies. Smart Home Industry Brings Opportunities for Household Electrical Appliances and the LED market Highlights at the household electrical appliances exhibition zone included the launch of Gree's energy-saving GMV ECO VRF Unit, Haier's latest washing machines with direct-drive technology, and floating window-like all-screen TVs from TCL. As market demand for intelligent technology is growing, companies at the Canton Fair also see opportunities for the LED market as part of the smart home industry. Bin Wei, Deputy General Manager of Foshan Electrical and Lighting Co., Ltd, a professional lighting ...
China's Largest Gifts & Home Fair Opens at Shenzhen Convention & Exhibition Center with 2,500 Exhibitors
/ -- The 26th China (Shenzhen) International Gift and Home Product Fair opens today at the Shenzhen Convention & Exhibition Center. The four-day fair (20-23 Oct), organized by Reed Huabo Exhibitions, features a record 2,500 exhibitors from over 10 countries and regions, making it the China's largest fair of its kind. Hall 3: Mobile Electronics in response to growing popularity of intelligent products Mobile Electronics and wearable devices play an important role in gift industry recently. Complying with this situation, hall 3: Mobile Electronics, satisfys the increasing demand of intelligent products. The hall features about 200 exhibitors, 80% of the exhibitors can undertake OEM, ODM or customized orders. Hall 4: Sparkle - Hong Kong Smart Designs to China Leading by The Hong Kong Exporters' Association, "Hong Kong Smart Designs" makes its first debut in Mainland China. Hong Kong's gifts industry is renowned for outstanding designs and excellent quality, this zone is set to show ..
Nagarjuna Fertilizers & Chemical announces change in nominee director
With effect from 20 October 2018
China's September new home price gains led by smaller cities
BEIJING (Reuters) - China's new home prices increased at a firm pace in September, supported by gains in smaller cities and showing the market remained resilient despite pressures from softer investment, a slowing economy and government curbs on the sector.
Bhansali Engineering Polymers standalone net profit declines 32.71% in the September 2018 quarter
Sales rise 41.16% to Rs 349.98 crore
SBI Life Insurance Company standalone net profit rises 11.11% in the September 2018 quarter
Sales rise 42.29% to Rs 7661.55 crore
Sadhana Nitro Chem standalone net profit rises 3362.65% in the September 2018 quarter
Sales rise 436.54% to Rs 84.13 crore
Petrol, diesel prices slashed again
Amid a reduction in global crude oil prices, fuel prices across the country witnessed further reduction on Saturday, bringing citizens much-needed relief from skyrocketing fares.The petrol price in Delhi was revised to Rs 81.99 per litre after a decrease of 39 paise, while that in Mumbai was Rs 87.46 per litre after a 38 paise reduction.Diesel, on the other hand, is being sold 12 paise lower at Rs 75.36 per litre in Delhi, while the price of diesel in Mumbai has been reduced by 13 paise to retail at Rs 79 per litre.Fuel prices have been soaring since the past few months in the country, burning a hole in the common commuter's pocket. While the Opposition has repeatedly blamed the Centre for the steep hike in the fuel price, the latter has maintained that global crude oil prices and other international factors are responsible for the increase in prices of petroleum products.As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day ..