Page 2734 - Business Finance
Gillette India standalone net profit declines 8.10% in the June 2018 quarter
Sales rise 0.53% to Rs 409.76 crore
Shree Ganesh Forgings reports standalone net loss of Rs 1.16 crore in the June 2018 quarter
Reported sales nil
SVC Resources reports standalone net loss of Rs 0.02 crore in the June 2018 quarter
Sales decline 40.00% to Rs 0.09 crore
Tata Investment Corporation standalone net profit rises 25.03% in the June 2018 quarter
Sales rise 22.15% to Rs 30.94 crore
MAS Financial Services standalone net profit rises 81.63% in the June 2018 quarter
Sales rise 24.68% to Rs 121.36 crore
Dina Iron & Steel standalone net profit declines 57.65% in the June 2018 quarter
Sales rise 51.21% to Rs 67.09 crore
MAS Financial Services consolidated net profit rises 79.64% in the June 2018 quarter
Sales rise 23.62% to Rs 128.35 crore
U.S.-China trade talks end with no breakthrough as tariffs kick in
WASHINGTON/BEIJING (Reuters) - U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country's goods.
Saudi sovereign fund PIF raises $11 billion loan: source
LONDON (Reuters) - Saudi Arabia's sovereign wealth fund has raised an $11 billion loan from banks, a source with direct knowledge of the matter said, as it seeks to boost its firepower to finance the kingdom's economic transformation plans.
Britannia Industries slips on profit selling
Britannia Industries fell 1.51% to Rs 6779 at 14:42 IST on BSE on profit booking after a recent rally.
Factbox: China's proposed list of tariffs on $60 billion of U.S. goods
(Reuters) - China unveiled a proposal on Aug 3 for a list of retaliatory tariffs on $60 billion of goods it imports from the United States, ranging from liquefied natural gas to certain types of aircraft.
Freight rates move up on tight position of trucks
Freight rates for the nine-metric tonne pay load section for select destinations rose by Rs 1,000 at the local truck transport market in the national capital today following the shortage of trucks and better cargo movements. Transporters said pick up in cargo movements along with tight availability of trucks mainly pushed up freight rates for select destinations. Delhi to Hyderabad and Vijayawada freight rates moved up by Rs 1,000 each to Rs 57,000 and Rs 60,000, respectively. Rates to Coimbatore and Patna also went up by Rs 1000 each to Rs 72,000 and Rs 29,000, respectively.
Ind Bank Housing Ltd leads losers in 'B' group
B A G Films & Media Ltd, Arihant Foundations & Housing Ltd, Kanani Industries Ltd and Beardsell Ltd are among the other losers in the BSE's 'B' group today, 24 August 2018.
Casino firm Landing says unable to contact chairman, market value halves
HONG KONG (Reuters) - Landing International Development Ltd said it has been unable to contact its chairman and controlling shareholder for over a day, sending its shares plummeting and wiping off almost half of the casino operator's market value in a two-day selloff.
ED files charge sheet against Lalu, Rabri and others in IRCTC hotels PMLA case
The Enforcement Directorate today filed its first charge sheet against RJD chief Lalu Prasad, his wife Rabri Devi and others in connection with the IRCTC hotels allotment money laundering case, officials said. The agency has also named Prasad's son and former Bihar Deputy Chief Minister Tejashwi Yadav, his party colleague PC Gupta and his wife Sarla Gupta, a firm Lara Projects and 10 others in the prosecution complaint (charge sheet) filed under the Prevention of Money Laundering Act (PMLA) before a special court here. The agency said Prasad and IRCTC officials allegedly misused their position for granting sub-lease of the rights of two railway hotels at Puri and Ranchi to Ms Sujata Hotel Pvt. Ltd. owned by Kochhars. In lieu of the hotels sub-lease, 358 decimal of prime plot of land in Patna was transferred to Ms Delight Marketing Company Pvt Ltd (a company owned by family of P C Gupta who is a close associate of Prasad and an MP from RJD) in February 2005 at a rate which was much ...
Gold rises on positive global cues, jeweller-buying
Gold prices firmed up by Rs 30 to Rs 30,650 per 10 gram at the bullion market here today on the back of firm overseas cues amid buying by local jewellers. Silver also staged a recovery and traded higher by Rs 50 to Rs 37,850 per kg due to increased offtake by industrial units and coin makers. Traders said apart from a firm trend overseas, scattered buying by local jewellers to meet the ongoing festive season demand at domestic spot market, mainly attributed the recovery in the gold prices. Globally, gold rose by 0.30 per cent to USD 1,188.10 an ounce and silver by 0.83 per cent to USD 14.57 an ounce in Singapore. In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs 30 each to Rs 30,650 and Rs 30,500 per 10 gram, respectively. It had lost Rs 30 in yesterday's trade. Sovereign gold, however, remained flat at Rs 24,500 per piece of 8 gram in limited deals. Following gold, silver ready rebounded by Rs 50 to Rs 37,850 per kg, while weekly-based delivery ...
These 5 new-age glocal startups are spreading wings globally
Some things are better with two distinct features."Think local, act Global" is a term coined by the Americans and is truly fit for new age startups, skyrocketing all across Asia and Africa. In those terms, companies in India have been employing technology for the good and have been spreading its wings all across the world.Let's take a look at 5 such desi startups who managed to make a mark in the global market:CleartripCleartrip has been the go-to application for many travelers, both leisure and business to book hotels, flights, and whatnot. With its clean and clutter free approach towards travel booking, it also managed to draw its users into a new segment within travel called Experiences. The company has scored big with the acquisition of the Saudi Company 'Flyin' where they enjoy an upwards of 60% of market share and annual turnover of nearly $599 million.OlaOla has always been in the news for a variety of reasons and is arguably one of India's best performing startups. Ola has ...
Liberty General Insurance targets Rs 150 crore health insurance premium
Private non-life insurer Liberty General Insurance Limited hopes to close this fiscal with a health insurance premium of Rs 150 crore and is confident that its in-house processing of health claims would provide its policy holders superior service, said a top company official.
Global Markets: Dollar downbeat ahead of Powell speech, stocks subdued
LONDON (Reuters) - The dollar fell on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy, while a gauge of global stocks barely budged.
Hong Kong Market falls 0.41%
OFFSHORE MARKET NEWS, US stock market closed lower on Thursday, as traders were reluctant to make significant moves amid renewed concerns after the U.S. imposed tariffs on $16 billion worth of Chinese goods, leading to retaliation by the Asian nation. The Dow Jones Industrial Average declined 76.62 points or 0.30% to finish at 25,656.98, the NASDAQ lost 10.64 points of 0.13% to 7,878.46 and the S&P 500 fell 4.84 points or 0.17% to 2,856.98.