Page 2786 - Business Finance
Easing inflation, global cues lift equity indices; weak rupee limits gains (Market Review)
Easing inflation data along with braodly positive global cues lifted the key Indian equity indices during the week with the NSE Nifty50 ending at a record closing level on Friday.
Rupee might stabilise at 68-69 a dollar: Economic Affairs Secretary Garg
The rupee, which has taken a severe battering of late, is expected to stabilise at 68-69 per US dollar level riding on positive capital inflows this month, Economic Affairs Secretary Subhas Chandra Garg today said. The rupee is already Asia's worst performing currency and had touched an all-time low of 70.09 per US dollar on Tuesday. According to Garg, the current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow in July, Garg said while speaking at an interactive session organised by the Merchants' Chamber of Commerce & Industry here. During the first three months, there had been outflow of capital and in the last year the total outflow was USD 20 billion, he added. "If oil prices do not rise further, the chances of the rupee stabilising at 68-69 level is more," Garg said. When asked how the rupee will be affected if China ...
 "Rupee might stabilise at 68-69 a dollar: Economic Affairs Secretary Garg")
A B M International reports standalone net loss of Rs 0.32 crore in the June 2018 quarter
Sales decline 35.88% to Rs 19.69 crore
Duncans Industries reports standalone net loss of Rs 9.20 crore in the June 2018 quarter
Sales decline 11.48% to Rs 15.89 crore
NBI Industrial Finance Company standalone net profit rises 142.17% in the June 2018 quarter
Sales rise 207.84% to Rs 3.14 crore
Madras Fertilizers reports standalone net loss of Rs 55.24 crore in the June 2018 quarter
Sales decline 51.96% to Rs 149.94 crore
Grand Foundry reports standalone net loss of Rs 0.28 crore in the June 2018 quarter
Sales rise 1.42% to Rs 8.56 crore
India Motor Parts & Accessories standalone net profit rises 22.04% in the June 2018 quarter
Sales rise 3.47% to Rs 128.11 crore
Peria Karamalai Tea & Produce Company standalone net profit declines 89.58% in the June 2018 quarter
Sales rise 1.55% to Rs 10.51 crore
Intrasoft Technologies consolidated net profit declines 95.57% in the June 2018 quarter
Sales decline 0.72% to Rs 258.29 crore
Gokul Agro Resources standalone net profit declines 74.64% in the June 2018 quarter
Sales decline 17.23% to Rs 893.53 crore
Sri Amarnath Finance standalone net profit rises 369.23% in the June 2018 quarter
Sales rise 3.03% to Rs 1.02 crore
Tera Software standalone net profit rises 162.50% in the June 2018 quarter
Sales decline 20.37% to Rs 24.04 crore
Intrasoft Technologies reports standalone net loss of Rs 0.34 crore in the June 2018 quarter
Sales decline 36.43% to Rs 1.71 crore
Remi Securities standalone net profit declines 96.67% in the June 2018 quarter
Sales rise 75.00% to Rs 0.07 crore
Bajrang Finance standalone net profit rises 300.00% in the June 2018 quarter
Sales rise 800.00% to Rs 0.09 crore
Odyssey Corporation reports consolidated net loss of Rs 0.67 crore in the June 2018 quarter
Sales rise 160.56% to Rs 6.54 crore
Bharatiya Global Infomedia standalone net profit rises 46.15% in the June 2018 quarter
Sales decline 16.44% to Rs 6.76 crore
Cantabil Retail India standalone net profit rises 72.50% in the June 2018 quarter
Sales rise 21.41% to Rs 53.07 crore