Page 2269 - Business Finance
India's exports down 2.15% in September
India's merchandise exports declined by 2.15 per cent in September on a year-on-year basis, official data showed on Monday.
Global Markets: European stocks hit 22-month low as Saudi tensions swirl
LONDON (Reuters) - World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week.
Wall Street opens lower as Saudi tensions add to concerns
(Reuters) - U.S. stocks dropped at open on Monday as rising tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs following the three indexes' biggest weekly declines in over seven months.
Chinese demand positive for Indian pellet manufacturers: Icra
Healthy demand from the steel industry and strong exports demand, especially from China, is likely to benefit the Indian pellet makers, according to a report. "Domestic pellet makers are expected to benefit from robust domestic and Chinese demand. Given the significant share of low grade iron ore fines in India's total iron ore production, there is a growing need to beneficiate inferior grade ore and feed its output to pelletisation plants, to make the ore usable in steelmaking," Icra senior vice-president and group head, corporate sector ratings, Jayanta Roy said quoting a report. The Icra report said China remained India's preferred pellet export destination with a share of 81 per cent in FY18. After an unfavourable export environment prior to FY17, improved iron ore availability in FY17 and healthy import demand from China have led to a sharp rise in Indian pellet exports to 8.8 million tonne in FY17 from a negligible 0.7 million tonne in the previous year. Pellet ..
Modi calls for partnership with oil producing nations
Blaming the current marketing practice for high oil prices, Prime Minister Narendra Modi on Monday made a strong case for partnership between producers and consumers in the oil market to cut energy cost and provide stability to global economy.
Allahabad Bank to allot 38.92 crore shares to Govt. of India
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Wall St set to dip at open as Saudi tensions add to worries
(Reuters) - U.S. stocks were set to open slightly lower on Monday, mirroring global stocks, after growing tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs as the earnings season kicks into gear.
RailRestro Launches its Very own Food Delivery Fleet Brand - Railivery
/ -- RailRestro in partnership with Yescom Global Kart Pvt Ltd is going to launch their very own food delivery fleet brand named Railivery. RailRestro being an authorized e-catering partner of IRCTC is trying to meet the concerns in terms of non-deliveries due to train delays and other situations through its partnership with businesses that are in the same niche. (Logo: https://mma.prnewswire.com/media/769032/RailRestro_Logo.jpg ) Railivery is a brand of Patna-based parent firm, Yescom Global Kart Pvt Ltd. Railivery is a step towards ensuring proper food deliveries to people who order food online in trains via e-catering service modes. Due to the growing number of concerns of non-deliveries and quality, this business model is coming into effect. Now, the end user doesn't have to rely on restaurant owners for the delivery concerns and this would be managed completely by RailRestro. Changing The E-Catering Delivery Model Talking about the new venture, Yescom Global Kart Pvt Ltd's ...
Saudi to meet India's oil demand, absorb supply shocks - Falih
NEW DELHI (Reuters) - Saudi Arabia is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market, Energy Minister Khalid al-Falih said on Monday.
Online hiring activity up 9 pc in September: Report
Hiring activity witnessed a 9 per cent growth in September compared to the year-ago period led by auto, insurance sectors and going forward with the festive season around the corner, the job market is expected to stay bullish in the coming months, according to a report. The Naukri JobSpeak Index for September, 2018 stood at 2,119, up 9 per cent from September 2017 when the index stood at 1,948. According to the job portal, auto industries recorded 39 per cent while insurance sector saw 28 per cent growth in the hiring activity on yearly basis. Moreover, construction, FMCG and oil and gas industry witnessed an increase of 12 per cent, 10 per cent and 9 per cent in the recruitment activity, respectively. Post an impressive 17 per cent growth in August, the Job speak Index has grown by 9 per cent in September... Apart from non-IT sectors like Auto, Auto Ancillary, Real estate, Construction, Insurance even the IT sector has been showing slow and steady growth over the past few months," V.
Indiabulls Housing Finance Q2 profit jumps 21 pc to Rs 1,044 cr in Q2
Indiabulls Housing Finance (IBHFL) Monday reported a profit of Rs 1,044.1 crore for the second quarter of the current fiscal, up 21.2 per cent over the year ago period. The company's profit after tax (PAT) was Rs 861.3 crore during July-September quarter of 2017-18. As per the financial results submitted by the company to the stock exchanges, its total revenue was Rs 4,255.27 crore in the second quarter compared to Rs 3,452.45 crore in the year-ago period. A release of the IBHFL said the company closed September 2018 with cash and liquid investments of Rs 21,249.7 crore. "Maintaining adequate liquidity has been a long-standing operating principle of IBHFL's business. Moreover, IBHFL follows a liquidity framework guided by Basel III and is in line with liquidity ratios prescribed for banks," it added. Commenting on the results, IBHFL' Vice Chairman and MD Gagan Banga said: "Home sales, especially in our core segment of mid-income affordable housing have been strong and strengthening by
Indiabulls Housing Finance standalone net profit rises 16.10% in the September 2018 quarter
Sales rise 20.18% to Rs 3612.93 crore
Zee Media Corporation standalone net profit rises 75.72% in the September 2018 quarter
Sales rise 36.46% to Rs 148.67 crore
Zee Media Corporation consolidated net profit rises 355.15% in the September 2018 quarter
Sales rise 35.46% to Rs 168.66 crore
India's trade deficit hits 5-month low of $13.98 bln in Sept - ministry
NEW DELHI (Reuters) - India's trade deficit narrowed to $13.98 billion in September from $17.4 billion in August, the trade ministry said on Monday, the lowest figure in five months.
BMW teams up with Sweden's Northvolt, Umicore for electric car batteries
STOCKHOLM (Reuters) - German carmaker BMW has created a vehicle battery recycling venture with Belgian materials and recycling firm Umicore and Northvolt, which is building a battery factory in Sweden.
Tata Motors starts booking for SUV Harrier
Tata Motors said it has commenced bookings of its upcoming SUV Harrier from Monday. "Since its showcase as a concept at the Auto Expo 2018, the Harrier has made huge waves amongst the SUV lovers," Tata Motors Passenger Vehicle Business Unit President Mayank Pareek said. With the rising excitement and consistent demand from discerning customers to book the Harrier at the earliest and be amongst the early ones to receive deliveries, the company has taken a conscious decision to open bookings in the festive season, he added. Customers can book the Harrier with an amount of Rs 30,000 on Tata Harrier's website or visit the nearest Tata Motors authorised dealership, Tata Motors said. Shares of Tata Motors Ltd today closed at Rs 184.30 per scrip on BSE, up 0.49 per cent from its previous close.
South Indian Bank posts Rs 70 cr profit in Q2
South Indian Bank Monday reported a profit of Rs 70.13 crore for the quarter ending September 30. The bank had posted a profit of Rs 4.32 crore during the July-September 2017 quarter. As per a regulatory filing of the bank, 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. The net NPA also rose to 3.16 per cent during the quarter from 2.57 per cent in the corresponding period previous year. Shares of South Indian Bank closed at Rs 12.60 on BSE, down 0.32 per cent.
Bayer may outsource some drug research - works council
FRANKFURT (Reuters) - Bayer's chief executive is considering farming out certain drug research activities to cut costs amid slower growth at its pharmaceuticals division, the German company's works council said on Monday.