Page 2252 - Business Finance
Shares may jump on strong global cues
Market is seen opening higher tracking positive leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 113 points at the opening bell.
Infosys, Hero MotoCorp in spotlight after Q2 earnings
IT major Infosys announced its consolidated results under International Financial Reporting Standards (IFRS) after market hours yesterday, 16 October 2018. On a consolidated basis, Infosys' net profit rose 13.8% to Rs 4110 crore on 7.7% increase in revenues to Rs 20609 crore in Q2 September 2018 over Q1 June 2018.
Shakti Pumps (India) consolidated net profit rises 206.95% in the September 2018 quarter
Sales rise 104.90% to Rs 138.72 crore
Jyotirgamya Enterprises reports standalone net profit of Rs 0.02 crore in the September 2018 quarter
Sales decline 43.33% to Rs 0.17 crore
Integrated Technologies reports standalone net loss of Rs 0.02 crore in the September 2018 quarter
Reported sales nil
CRISIL consolidated net profit rises 29.66% in the September 2018 quarter
Sales rise 3.84% to Rs 425.46 crore
Mahindra CIE Automotive standalone net profit rises 73.80% in the September 2018 quarter
Sales rise 21.68% to Rs 652.45 crore
CRISIL standalone net profit rises 18.00% in the September 2018 quarter
Sales rise 0.55% to Rs 281.74 crore
Jammu and Kashmir Bank standalone net profit rises 30.86% in the September 2018 quarter
Total Operating Income rise 10.42% to Rs 1840.06 crore
Shakti Pumps (India) standalone net profit rises 615.31% in the September 2018 quarter
Sales rise 104.11% to Rs 129.10 crore
Global Markets: Asia shares ride Wall Street bounce, China muted
SYDNEY (Reuters) - Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies.
Goldman Sachs will slow consumer loan growth if market falters
(Reuters) - Goldman Sachs will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardising new Chief Executive David Solomon's task of boosting revenue by $5 billion by 2020.
Gold prices hold steady as investors wait for Fed minutes
BENGALURU (Reuters) - Gold prices held steady on Wednesday despite a rise in equities, with investors waiting for minutes from the U.S. Federal Reserve's latest policy meeting for any fresh clues on the pace of interest rate hikes.
Softbank 'anxiously' monitoring Saudi Arabia situation - executive
SAN JOSE, Calif. (Reuters) - Softbank Group <9984.T> Chief Operating Officer Marcelo Claure said on Tuesday it is "business at usual" at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital.
IBM revenue misses as server, software sales slow
(Reuters) - IBM Corp reported a bigger-than-expected drop in revenue on Tuesday, hit by slowing software sales and wavering demand for mainframe servers, pointing to a bumpy recovery for the technology services giant that is in the midst of a turnaround.
Netflix record subscriber growth dispels Wall Street worries
(Reuters) - Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.
Asia shares rally as Wall St. bounce relieves
SYDNEY (Reuters) - Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies.
U.S. sanctions businesses supporting Iranian recruitment, training of child soldiers
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) took action against a vast network of businesses providing a financial lifeline to the Basij Resistance Force (Basij), a paramilitary force subordinate to Iran's Islamic Revolutionary Guard Corps (IRGC).The new sanctions, the US Treasury said, focused on Bank Mellat and Mehr Eqtesad Bank, according to an official press release.The US has levied grave charges against the Basij while outlining the activities of the paramilitary force subordinate of Iran's Armed Forces.According to the statement, Basij recruits, trains, and deploys child soldiers to fight in IRGC-fueled conflicts across the region. Children, including migrants from Iran and Afghanistan, are trained as fighters for the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), and then deployed to Syria to support the Assad regime, the press release further stated.The recruited Afghan immigrants, including children as young as 14, are made
BHP's first-quarter iron ore output jumps 8 percent on unwavering Chinese demand
(Reuters) - The world's biggest miner BHP said on Wednesday its first quarter iron ore production rose 8 percent on a year earlier as it ramps up output to meet persistent strong demand in China.
Netflix eases Wall Street worries with record quarter
(Reuters) - Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth.