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Page 2230 - Business Finance

Mphasis consolidated net profit rises 37.05% in the September 2018 quarter

Sales rise 19.33% to Rs 1914.84 crore

Updated On : 19 Oct 2018 | 9:50 AM IST

Mphasis standalone net profit rises 9.42% in the September 2018 quarter

Sales rise 5.80% to Rs 852.42 crore

Updated On : 19 Oct 2018 | 9:50 AM IST

L&T Technology Services rated as 'Leader' by Information Services Group

The 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.

Updated On : 19 Oct 2018 | 9:50 AM IST

All-India House Price Index Records QoQ Growth Of 2.5% In Q1 FY19

Updated On : 19 Oct 2018 | 9:50 AM IST

Australia's NAB cuts 300 staff over wrongdoing

SYDNEY (Reuters) - About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector.

Updated On : 19 Oct 2018 | 9:45 AM IST

Rupee falls 3 paise to 73.64 against US dollar in early trade

Continuing its slide, the rupee weakened by 3 paise to 73.64 against the US dollar Friday due to increased demand for the American currency from importers. At the Interbank Foreign Exchange, the rupee opened lower at 73.62 and slipped further to 73.64 against the dollar, showing a fall of 3 paise. Traders said besides sustained demand of the US currency from importers, a lower opening in the domestic equity markets also weighed on the local unit. The losses in the domestic currency were however limited as the US dollar weakened against some currencies overseas. On Wednesday, the local currency had ended lower by 13 paise to 73.61 against the US dollar. Forex market remained shut on Thursday on account of "Dussehra". Meanwhile, on a net basis, foreign funds bought shares worth Rs 140.02 crore, while domestic institutional investors sold shares to the tune of Rs 343.11 crore Wednesday, provisional data showed. The benchmark BSE Sensex fell 408.45 points, or 1.17 per cent, to 34,371.13 ..

Updated On : 19 Oct 2018 | 9:35 AM IST

China's GDP growth slows to 6.5 per cent in third quarter

China's economy grew at its slowest pace in nine years in the third quarter, as a campaign to tackle mounting debt and trade frictions with the US had an effect. The world's second largest economy expanded by 6.5 per cent in the July-to-September period year-on-year, according to official GDP figures released Friday by China's National Bureau of Statistics. The rate is down from 6.8 per cent and 6.7 per cent in the first and second quarters, respectively, but in line with a growth target of roughly 6.5 per cent for the year set by China's economic policymakers. "Faced with an extremely complex environment abroad and the daunting task of reform and development at home", China's economic growth remained generally steady, said NBS spokesman Mao Shengyong. The trade row with the US comes at a tough time for China's economy, which has been hit by the government's efforts to tackle a mountain of debt, with credit tightening and infrastructure investment falling. The data Friday showed ...

Updated On : 19 Oct 2018 | 9:35 AM IST

China economic growth slumps to weakest since 2009, demand ebbs as trade war bites

BEIJING (Reuters) - China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Updated On : 19 Oct 2018 | 9:15 AM IST

Fuel prices slashed further on Dussehra

In a big relief to consumers on the occasion of Dussehra, the prices of petrol and diesel across the country witnessed a dip for the second consecutive day on Friday.Presently, the per litre cost of petrol and diesel is Rs 82.38 (fall of Rs 0.24) and Rs 75.48 (decrease of Rs 0.10), respectively in the national capital.In Mumbai, the petrol price was slashed by 24 paise to Rs 87.84 per litre, while diesel saw a decrease of 11 paise and is now being retailed at Rs 79.13 per litre.A similar dip in prices was witnessed in other metropolitan cities of Kolkata and Chennai.Petrol and diesel are being sold at Rs 84.21 per litre and Rs 77.33 per litre, respectively in Kolkata. While petrol prices in Chennai settled at Rs 85.63 per litre and diesel at Rs 79.82 per litre.On Thursday, the prices of petrol and diesel were slashed for the first time in over two months. Petrol prices were reduced by 21 paise in both Delhi and Mumbai, while diesel cost was cut by 11 paise.Fuel prices have been ...

Updated On : 19 Oct 2018 | 9:15 AM IST

China able to reach 2018 growth target: stats bureau

BEIJING (Reuters) - China will be able to reach its full-year economic growth target of around 6.5 percent in 2018 even as downward pressure increases, and will be able to maintain steady growth next year, a spokesman of the country's statistics bureau said on Friday.

Updated On : 19 Oct 2018 | 9:10 AM IST

RBI allows banks to lend more to some non-banking finance firms

(Reuters) - India's central bank on Friday increased lenders' single borrower exposure limit for non-banking financial companies (NBFCs) which do not finance infrastructure, to 15 percent of capital funds.

Updated On : 19 Oct 2018 | 9:05 AM IST

5Paisa Capital reports consolidated net loss of Rs 7.05 crore in the September 2018 quarter

Sales rise 205.50% to Rs 12.77 crore

Updated On : 19 Oct 2018 | 9:05 AM IST

China Q3 GDP growth slows to 6.5 percent, missing forecast

BEIJING (Reuters) - China's economy grew at a slower than expected pace of 6.5 percent in the third quarter from a year earlier, marking the weakest rate since the global financial crisis, official data showed on Friday.

Updated On : 19 Oct 2018 | 9:05 AM IST