Page 2259 - Business Finance
Infosys retains revenue growth guidance after 10 percent profit jump
(Reuters) - India's second-largest software services exporter Infosys posted better than expected second-quarter profit on Tuesday, helped by a rise in big deals, and reiterated its forecast for full-year revenue growth.
Quick Wrap: Nifty PSU Bank Index rises 2.72%
Powered by Capital Market - Live News
Infosys consolidated net profit rises 10.31% in the September 2018 quarter
Sales rise 17.32% to Rs 20609.00 crore
Infosys standalone net profit rises 8.38% in the September 2018 quarter
Sales rise 19.15% to Rs 18297.00 crore
Integrated Capital Services reports standalone net loss of Rs 0.14 crore in the September 2018 quarter
Sales decline 4.65% to Rs 0.41 crore
Federal Bank standalone net profit rises 0.89% in the September 2018 quarter
Total Operating Income rise 16.19% to Rs 2764.92 crore
Menon Pistons standalone net profit rises 31.46% in the September 2018 quarter
Sales decline 0.10% to Rs 38.85 crore
Cochin Shipyard to buyback shares up to Rs 200 crore
Board approved buyback of share at meeting held on 15 October 2018
F&O segment turnover rises
Nifty October 2018 futures at premium
Singapore's Temasek to buy Israeli cybersecurity firm Sygnia
TEL AVIV (Reuters) - Israeli cybersecurity technology and services provider Sygnia said on Tuesday it will be acquired by Singapore-based investment firm Temasek for an undisclosed amount.
Explainer: Sears faces tough foe - an unforgiving bankruptcy code
(Reuters) - When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving.
UK workers see strongest growth in basic pay in nearly a decade
LONDON (Reuters) - The basic wages of workers in Britain rose at their fastest pace in nearly a decade over the summer months, backing up the Bank of England's view that a long period of weak pay increases is ending.
Morgan Stanley profit rises 19 percent on equity trading strength
(Reuters) - Morgan Stanley reported a 19 percent increase in quarterly profit on Tuesday, with strong performance in its equities trading business outweighing weakness in bond trading.
Foodpanda acquires Mumbai-based Holachef
Online food ordering and delivery platform Foodpanda said Tuesday it has acquired Mumbai-based food-tech venture Holachef. Through this collaboration, Foodpanda marks its entry into cloud kitchens and plans to launch its own brand of food products in different categories, it said. The company, however, did not disclose any financial details of the acquisition. Commenting on the development, Foodpanda India CEO Pranay Jivrajka said: "We aim to build India's largest cloud kitchen network that will be a major step in further elevating the food experience for our customers." The company is committed to providing unique local tastes and palate choices to the Indian consumer, he added. As part of the acquisition, Foodpanda will take over Holachef's business including its kitchens, equipment, as well as bring onboard the company's employees. Holachef's founders are set to join Foodpanda's leadership team, the statement said. "Our mission with Holachef is to serve incredible food experiences .
Clariant elects Saudi reps to board as tensions rise over missing journalist
BASEL, Switzerland (Reuters) - Swiss chemicals group Clariant elected four representatives of its Saudi anchor shareholder to its board on Tuesday as its new chief executive acknowledged rising tensions over a missing Saudi journalist could hurt its business.
Johnson & Johnson quarterly profit rises 4.5 percent
(Reuters) - Johnson & Johnson reported a 4.5 percent rise in quarterly profit on Tuesday and boosted its sales and earnings per share guidance, as rising sales of its cancer drugs Zytiga and Darzalex helped offset falling sales of blockbuster arthritis drug Remicade.
South Indian Bank shares zoom nearly 17% on robust Q2 show
Shares of South Indian Bank Tuesday surged nearly 17 per cent after the company reported a profit of Rs 70.13 crore for the September quarter. The stock rose by 16.11 per cent to settle at Rs 14.63 apiece on the BSE. Intra-day, it soared 16.98 per cent to Rs 14.74. On the NSE, shares of the company jumped 16.66 per cent to close at Rs 14.70. In terms of the equity volume, 202.66 lakh shares of the company were traded on the BSE and over 11 crore shares changed hands on the NSE during the day. The bank had posted a profit of Rs 4.32 crore during the July-September 2017 quarter. As per the regulatory filing of the bank on Monday, the total income of the lender during the second quarter of the current fiscal was Rs 1,854.4 crore as against Rs 1,816.67 crore in the same period in 2017-18. The bank's gross non-performing asset (NPA) widened to 4.61 per cent of its assets compared to 3.57 per cent.
Super Crop Safe obtains organic certificate for its products
Powered by Capital Market - Live News
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
The country's second-largest IT firm Infosys Tuesday reported a 10.3 per cent growth in its consolidated net profit at Rs 4,110 crore for the quarter ended September 2018. It had posted a net profit of Rs 3,726 crore in the year-ago period, Infosys said in a BSE filing. The Bengaluru-based firm's revenue grew 17.3 per cent to Rs 20,609 crore in the quarter under review as compared to Rs 17,567 crore in the same period of 2017-18, it added. "We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital-led full service capabilities, and intense focus on the needs of our clients," Infosys CEO and managing director Salil Parekh said. He added that large deal wins at over USD 2 billion during the quarter "demonstrate our increased client relevance and also give us better growth visibility for the near-term". Digital revenues at USD 905 million make 31 per cent of total revenues,