Page 2231 - Business Finance
Mindtree standalone net profit rises 42.14% in the September 2018 quarter
Sales rise 31.02% to Rs 1708.10 crore
Cyient standalone net profit rises 77.61% in the September 2018 quarter
Sales rise 15.59% to Rs 407.80 crore
Pratik Panels reports standalone net loss of Rs 0.01 crore in the September 2018 quarter
Reported sales nil
Havells India standalone net profit rises 4.44% in the September 2018 quarter
Sales rise 23.27% to Rs 2190.99 crore
ACC standalone net profit rises 15.68% in the September 2018 quarter
Sales rise 10.13% to Rs 3363.96 crore
Shares may tumble on weak global cues
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 59.50 points at the opening bell due to weak global cues.
RIL in focus after Q2 result
Reliance Industries' consolidated net profit rose 17.93% to Rs 9549 crore on 54.11% rise in total income to Rs 144574 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours on Wednesday, 17 October 2018.
Global Markets: Asian shares slide further as weak China growth adds to woes
SHANGHAI (Reuters) - Asian stocks slipped further on Friday as China posted its weakest economic growth since the global financial crisis, adding to market concerns about trade disputes, rising U.S. interest rates and Italy's free-spending budget.
China shares fall as GDP growth slows; regulators pledge support
SHANGHAI (Reuters) - Shares in China extended losses in early trade on Friday as the country recorded its slowest quarterly growth rate since 2009, despite statements from senior regulators pledging support for private firms and companies facing liquidity problems.
Gold edges higher as Asian shares slip
BENGALURU (Reuters) - Gold prices nudged higher early Friday as Asian shares fell on renewed political and economic concerns, with the metal on track for its third straight weekly rise.
DowDuPont to take $4.6 bln charge in agriculture unit
(Reuters) - DowDuPont Inc said on Thursday it would write down the value of its agriculture business by $4.6 billion when it reports third-quarter results, as global seed makers face shifts in demand linked to the U.S.-China trade war.
U.S. economic policy toward China to get tougher, say economists - Reuters poll
BENGALURU (Reuters) - U.S. trade policy towards China over the next few years will become more confrontational, according to a majority of economists in a Reuters poll who remain convinced U.S. growth has peaked and will slow substantially next year.
Asia shares extend slump as global sentiment sours
SHANGHAI (Reuters) - Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy's 2019 budget, higher U.S. interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.
Japanese inflation ticks up as oil rises but BOJ target remains elusive
TOKYO (Reuters) - Japan's annual core consumer inflation ticked up in September but remained at half the pace of the central bank's elusive 2 percent target, underscoring the challenge of meeting the price goal as escalating trade frictions cloud the economic outlook.
Mexico central bank chief concerned higher energy prices could fan inflation
MEXICO CITY (Reuters) - Mexico's central bank chief Alejandro Diaz de Leon said on Wednesday that he is concerned that energy prices could rise in coming months, making it harder to bring inflation down toward the 3 percent target.
Global stocks fall on worries about Saudi Arabia, Italy
Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist and rising unease about the eurozone due to Italy's controversial budget plans. "There are so many things the market is dealing with right now," said Tom Cahill of Ventura Wealth Management. "People are on edge and they're willing to sell first and ask questions later." US stocks were in negative territory the whole day but shares fell much further at midday after Treasury Secretary Steven Mnuchin announced he was withdrawing from a big investment summit in Saudi Arabia, the most concrete sign the Trump administration is distancing itself from that Kingdom since Khashoggi's disappearance this month intensified scrutiny of the oil exporter. Analysts said fresh questions about US relations with yet another major country were an unwelcome development at a time when the Trump administration's aggressive trade policies had ...
U.S. sports leagues could reap $4.2 billion/year from legal betting - survey
NEW YORK (Reuters) - The four major U.S. professional sports leagues could reap a combined $4.2 billion annually as a result of legal sports betting, most of it indirectly from increased fan engagement, according to a casino industry survey released on Thursday.
US stocks fall on worries about Saudi Arabia, Italy
Wall Street stocks tumbled Thursday on rising worries over US-Saudi relations after the suspected murder of journalist Jamal Khashoggi and unease over the eurozone due to Italy's controversial budget plans. The Dow Jones Industrial Average ended down 1.3 per cent at 25,379.45. The broad-based S&P 500 dropped 1.4 per cent to 2,768.78, while the tech-rich Nasdaq Composite Index sank 2.1 per cent to 7,485.14. Stocks opened lower but fell much further at midday after Treasury Secretary Steven Mnuchin announced he was withdrawing from a big investment summit in Saudi Arabia, the most concrete sign the Trump administration is distancing itself from Saudi Arabia since Khashoggi's disappearance this month intensified scrutiny of the big oil exporter. At around the same time, European Central Bank Chief Mario Draghi reportedly told EU leaders at a Brussels summit that nations should adhere to the EU's budget rules -- comments that were seen as a swipe at Italy, which plans a steep ...
Global stocks tumble on souring sentiment; oil falls
NEW YORK (Reuters) - Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.
Wall St. slides as Saudi Arabia, Italy add to economic concerns
NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates.