Page 2271 - Business Finance
Trident Q2 net jumps over two-fold to Rs 109
Trident Ltd Monday reported an over two-fold jump in its standalone net profit to Rs 109.14 crore for the quarter ended September 30, 2018. The company had posted a net profit of Rs 50.90 crore in the same period of the previous fiscal, Trident said in a BSE filing. Standalone revenue from operations of the company rose to Rs 1,391.50 crore for the quarter under consideration as against Rs 1,120.53 crore for the same period a year ago. In a separate filing, the company said its board has declared second interim dividend of Rs 0.60 per fully paid up equity share of Rs 10 each. Shares of Trident Ltd today closed at Rs 69.10 per scrip on BSE, up 19.76 per cent from its previous close.
India BPCL offers light diesel oil; unit restart seen delayed to Dec
SINGAPORE (Reuters) - India's Bharat Petroleum Corp Ltd has offered light diesel oil (LDO) in a rare move following an extended shutdown of a secondary unit at its Mumbai refinery that could last until December, a source who tracks refined oil products said.
GSS Infotech to acquire Nexii Labs Inc, USA
To strengthen its capability in area of automation for Cloud and Infrastructure Management Practice
Bank of America profit beats estimates on cost cuts, loan growth
(Reuters) - Bank of America Corp reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue.
e-Zest Mentioned in Gartner Digital Commerce Vendor Guide 2018
/ -- e-Zest Solutions, a leading digital innovation and technology services company specializing in digital transformation, announced that it has been recognized as a Digital Commerce Service Provider in the Gartner Digital Commerce Vendor Guide 2018. (Photo: https://mma.prnewswire.com/media/769033/e_Zest_Gartner_Vendor_Guide_2018.jpg ) According to Gartner, "Digital commerce service providers offer a variety of digital commerce implementation services, including ones for the design, development, integration, and deployment of specific processes, functions, applications, and initiatives in user organizations that support transactional digital commerce applications and related functionality. These services aim to optimize a company's processes and integrate related technology applications and platforms into a consistent, stable and secure customer experience for digital commerce." The Gartner Digital Commerce Vendor Guide 2018 states, "Digital commerce is a major component of the ...
Market climbs amid volatility
Trading for the week started on a positive note as key equity indices finished higher in a volatile trade on Monday. Pharmaceuticals and IT shares advanced while metals and auto sector shares witnessed selling. Indices were choppy in intraday as rising oil prices and a weakening rupee spooked investors during the earnings season, amid negative Asian cues.
Quick Wrap: Nifty Pharma Index records a surge of 2.61%
Powered by Capital Market - Live News
Zee Learn standalone net profit rises 21.12% in the September 2018 quarter
Sales rise 5.17% to Rs 39.25 crore
Pitti Engineering standalone net profit rises 138.02% in the September 2018 quarter
Sales rise 106.90% to Rs 172.74 crore
Trident standalone net profit rises 114.42% in the September 2018 quarter
Sales rise 24.18% to Rs 1391.50 crore
Nifty October 2018 futures at premium
F&O segment turnover at Rs 6.92 lakh crore
Analysis: Bond bears stalk a FANG, short Netflix debt
NEW YORK (Reuters) - In March, noted short-seller Andrew Left took a swipe at Netflix Inc's stock, calling the online video company's aggressive spending on content acquisition "unsustainable."
Bank of America profit rises 35 percent on tax cuts, loan growth
(Reuters) - Bank of America Corp reported a 35 percent rise in quarterly profit on Monday as the second-largest U.S. lender benefited from tax cuts, while growth in lending helped it offset lower bond trading revenue.
High crude prices hurting global growth: PM to oil producers
Prime Minister Narendra Modi Monday warned oil producers like Saudi Arabia that higher crude prices are hurting global economic growth and they should do more to bring down rates to reasonable levels. At the third annual brainstorming meeting with chief executives of top global and Indian oil and gas companies, Modi flagged concerns of consuming nations like India over high crude oil prices that have already sent retail petrol, diesel and LPG rates to record highs, sources with direct knowledge of the development said. With Saudi Oil Minister Khalid A Al-Falih listening, the prime minister said crude oil prices at a four-year high was hurting global growth, causing inflation and upsetting budgets of developing countries like India. Modi also asked chief executives why no new investments in oil and gas exploration and production are coming to India despite the government implementing all the suggestions they made at the previous such meeting, sources said. Later speaking at the the ...
Spanish oil company Cepsa postpones bumper IPO, blames market rout
MADRID (Reuters) - Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.
To reduce energy cost, PM pitches for partnership between producers and consumers in oil market
Prime Minister Narendra Modi Monday made a strong pitch for a partnership between oil producers and consumers to help stabilise the global economy. He also appealed to the oil producing countries to channel their investible surplus to pursue commercial exploitation in the oil sector in developing countries, a statement from his office said. Modi made these suggestions while meeting CEOs and experts from the oil and gas sector from India and abroad here. During the interaction, the prime minister highlighted the significant positioning of India in the oil and gas market and said the oil market was producer driven and quantity and prices were determined by oil producing countries. "Though there is enough production, the unique features of marketing in the oil sector have pushed up the oil prices. The prime minister made a strong case for a partnership between the producers and consumers in the oil market, as it exists in other markets. This will help stabilise the global economy which ..
Saudi oil output expected to rise, will meet India's demand: Falih
NEW DELHI (Reuters) - Saudi Arabia, the world's biggest oil exporter, said on Monday it is committed to meeting India's rising oil demand as the Kingdom expects its oil production to rise next month from the current 10.7 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Monday.
Global Markets: European stocks sink to 22-month low amid rising Saudi tensions
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.
BlackRock CEO Fink no longer attending Saudi conference: source
LONDON (Reuters) - BlackRock Chief Executive Larry Fink will no longer attend a high profile conference in Saudi Arabia, a source familiar with the matter told Reuters on Monday, becoming the latest senior executive to withdraw amid concerns about a missing journalist.
India's trade deficit lowest in five months at $13.98 billion in September
NEW DELHI (Reuters) - India's September trade deficit hit its lowest level in five months at $13.98 billion, the trade ministry said in a statement on Monday.