Page 2316 - Business Finance
Bandhan Bank Q2 net jumps 47.28 pc to Rs 487.65 cr
Bandhan Bank Wednesday posted a 47.28 per cent jump in net profit to Rs 487.65 crore for the quarter ended September 30, 2018. The Kolkata-based lender had reported net profit of Rs 331.09 crore in the corresponding quarter a year ago. Total income of the bank for the quarter under review stood at Rs 1,836.07 crore, up 36.73 per cent, against Rs 1,342.76 crore as on September 30, 2017, Bandhan Bank said in a regulatory filing. Bandhan Bank's gross non-performing assets (NPA) stood at 1.29 per cent in the second quarter of this fiscal compared with gross NPA of 1.43 per cent reported in September 30, 2017. Net NPA of the bank was at 0.69 per cent in the September quarter of this fiscal. It was 0.76 per cent in September 2017. Shares of Bandhan Bank were trading 4.16 per cent higher at Rs 505.05 apiece on BSE.
Nissan hopes Datsun brand to make inroads in Tier II, III
Japanese auto-maker Nissan unveiled updated variants of Go and Go+ under the Datsun brand as part of their strategy to make inroads in tier II and III locations, a senior company official said. The company rolled out face lifted variants of Go and Go+ here last night, equipped with 28 new features and over 100 upgrades, Nissan Motor India, Vice-President, Marketing, Peter Clissold said. "We are making in roads, really month on month basis this fiscal year in Tier II and especially in Tier III locations.. That is pretty aggressive targets where we want to have representation..," he told PTI. Elaborating, he said, "before purchase of a car, a consumer goes to a local dealer and wants to see the product line up. Importantly, he wants the car to get it serviced there (in that outlet)." "That is where our focus is.. Because with that, comes confidence and trust on the brand," he said. The company formally introduced Datsun brand with the launch of small car 'Go' in 2014 and ...
Bandhan Bank quarterly profit jumps 47 percent
(Reuters) - Bandhan Bank Ltd posted a 47.3 percent jump in second-quarter profit on Wednesday, helped by higher interest earned.
DQE's Jungle Book & Peter Pan get global Master Toy Licensee
Under the terms of the agreement and in collaboration with DQE, EGL will design, produce and bring to market a wide variety of plush and figurine toys inspired by both the brands. EGL will hold the worldwide rights, excluding the territories managed by the co-production partners of the respective properties effective as of September, 2019.
Revival package for Air India this month: Secretary
A revival package for debt-ridden national carrier Air India has been nearly finalised and will be announced this month, said Civil Aviation Secretary R.N. Choubey on Wednesday.
Saudi Arabia to supply about four million bbls of extra oil to India in November: sources
SINGAPORE/NEW DELHI (Reuters) - Saudi Arabia, the world's biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.
KIC Metaliks fixes record date for sub-division of shares
Record date is 05 November 2018
Gold sparkles on festive demand, rises by Rs 200
Gold prices spurted by Rs 200 to Rs 31,850 per 10 grams on increased buying by jewellers and retailers at the bullion market Wednesday following beginning of auspicious week of 'Navratri'. A weak trend overseas, however, capped the gains. Silver remained weak and traded RS 50 lower at Rs 39,200 per kg due to slackened demand from industrial units and coin makers. Bullion traders said increased buying by local jewellers as well as retailers, driven by beginning of festive demand in domestic spot markets led to the rise in gold prices. Globally, gold fell by 0.10 per cent to USD 1,188.90 an ounce and silver by 0.03 per cent to USD 14.45 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 per cent purity surged by Rs 200 each to Rs 31,850 and Rs 31,700 per 10 grams, respectively. It had lost Rs 250 in the previous two days. Sovereign gold, however, remained steady at Rs 24,600 per piece of eight grams on little doing. On the other hand, silver ready fell by Rs 50 to ...
Snap shares hit all-time low after 'woeful' analyst comment
Photo-messaging app Snapchat's parent company Snap shares fell to an all-time low after an analyst commented that the company may run out of cash by 2020.
Sensex, Nifty jump on value buying, hopes of upbeat earnings
Key equity indices jumped on Wednesday, as investors piled into beaten-down stocks amid expectations of robust corporate earnings for the second quarter ended September.
Benchmarks hit fresh intraday high
Key benchmarks extended gains and hit fresh intraday high in afternoon trade. At 13:26 IST, the barometer index, the S&P BSE Sensex, was up 480.41 points or 1.40% at 34,779.88. The Nifty 50 index was up 152.70 points or 1.48% at 10,453.75.
PetroChina plans to open first Indian office in Mumbai: sources
SINGAPORE/NEW DELHI (Reuters) - China's top oil and gas producer PetroChina is preparing to open its first South Asia office in India to scout for business opportunities in oil and liquefied natural gas, three industry sources told Reuters.
Sitharaman blames UPA for bad loans, defaulters fleeing country
Defence Minister Nirmala Sitharaman has blamed the Congress-led UPA regime for public and private sector banks facing huge corporate bad loans. The loans were provided without following due diligence and as a result, defaulters fled the country and the banks had no money to lend, Sitharaman said while referring to fugitive business barons like Vijay Mallya and Nirav Modi. Sitharaman had also held the portfolios of corporate affairs and finance (Minister of State) and was the Minister of State (Independent Charge), Commerce and Industry. Huge loans were provided by banks at the drop of a hat "when a phone call was made," by the powers that be, the minister said, addressing a Bharatiya Janata Party traders wing meet here Tuesday. Since such loans were not paid back till date, the banks faced a crunch and could not lend for new businesses, she claimed. "Public and private sector banks are all facing difficulty due to this. Though policy allowed banks to provide loans, banks are not ...
Nifty, Sensex rise as rupee recovers; financials gain
(Reuters) - Indian shares jumped more than 1 percent on Wednesday, with nearly all sectors gaining after the rupee strengthened, and non-banking financial companies (NBFCs) saw some boost with the top lender raising target for its buying loan portfolio.
China Airbnb rival Xiaozhu.com raises nearly $300 million from Jack Ma fund
BEIJING (Reuters) - Chinese short-term rental firm Xiaozhu.com said on Wednesday it has raised nearly $300 million in a funding round led by Jack Ma's Yunfeng Capital, amid fierce competition from U.S. giant Airbnb Inc and local rival Tujia.com.
Welspun Corp Ltd spurts 3.14%, rises for third straight session
The stock is quoting at Rs 138.05, up 3.14% on the day as on 12:49 IST on the NSE. Welspun Corp Ltd is up 1.92% in last one year as compared to a 4.6% fall in NIFTY and a 6.77% fall in the Nifty Metal index.
Dish TV India Ltd spurts 1.76%
The stock is quoting at Rs 55.05, up 1.76% on the day as on 12:49 IST on the NSE. Dish TV India Ltd is down 24.17% in last one year as compared to a 4.6% spurt in NIFTY and a 16.72% spurt in the Nifty Media index.
PVR Ltd soars 6.19%, rises for third straight session
The stock is quoting at Rs 1282.75, up 6.19% on the day as on 12:49 IST on the NSE. PVR Ltd is down 3.96% in last one year as compared to a 4.6% gain in NIFTY and a 16.72% gain in the Nifty Media index.
Tata Global Beverages Ltd soars 3.23%, rises for third straight session
The stock is quoting at Rs 223.5, up 3.23% on the day as on 12:49 IST on the NSE. Tata Global Beverages Ltd is up 6.73% in last one year as compared to a 4.6% gain in NIFTY and a 9.46% gain in the Nifty FMCG index.
Max Financial Services Ltd up for third straight session
The stock is quoting at Rs 378.5, up 1.42% on the day as on 12:49 IST on the NSE. Max Financial Services Ltd is down 35.95% in last one year as compared to a 4.6% jump in NIFTY and a 5.78% jump in the Nifty Financial Services index.