Page 2926 - Business Finance
July passenger car sales slip, but commercial vehicles off-take zooms
Unfavourable base effect dented the sales of domestic passenger cars in July 2018, data showed on Friday.
Odisha likely to put up 18 mines for auction this year: Mukim
Odisha is likely to put up about 18 mines, including iron ore blocks for auction this year, union mines secretary Anil G Mukim said today. He termed Odisha as the country's 'mining capital' and said it contributes in a very substantive manner as far as mining activities of the country are concerned. Mukim met Chief Minister Naveen Patnaik here before speaking to the reporters on the auctioning of mines. "I think more and more mines are to be put up for auction. This year I have been given to understand by the state government that around 17 to 18 mines including oron ore blocks will be put up for action," Mukim told reporters. Describing Odisha as the "mining capital" of the country, he said adding the state contributes in a very substantive manner as far as mining activities of the country. In a review meeting with Odisha's mines secretary R K Sharma he discussed issues relating to auctioning of mines, environment forest clearances and ease of doing business in mining ...
PACL case : Sebi panel asks investors to produce original docs for refunds
Markets regulator Sebi today said investors in illegal schemes of PACL group having claims of not more than Rs 2,500 have been informed through SMS to produce original documents for receiving refunds. Sebi had set up a committee headed by former Chief Justice of India R M Lodha following a Supreme Court order to refund money to investors in the matter of PACL group. The panel has asked only such investors who have received SMS to send their original PACL certificates to the committee, said Sebi in a statement. "It is further informed that refunds upon verification of genuineness of the original PACL certificates/receipts submitted would be credited directly to your (investors) bank account provided in the application," said Sebi (Securities and Exchange Board of India). PACL also known as Pearl Group, which had raised Rs 60,000 crore from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective ...
Investors can hold shares in physical form even after Dec 5: Sebi
Markets regulator Sebi today said its new guidelines do not bar investors from holding shares in the physical form even after December 5. The clarification comes after the Sebi received several calls concerning the applicability of its directive. The regulator, in July, had said that transfer of shares of listed companies has to essentially be in dematerialised mode from December 5. "The new amendment does not prohibit the investor from holding the shares in physical form, investor has the option of holding shares in physical form even after December 5, 2018," the Securities and Exchange Board of India (Sebi) said in a statement. The new rule is not applicable for transfer of title of shares by way of inheritance or succession and interchanging of the order of name of shareholders. Besides, the regulator said that any investor who is desirous of transferring shares, which are held in physical form, after December 5 can do so only after the shares are dematerialised. Shares in the ...
These money lending apps are helping millennials cash in their future!
Here some money lending apps to offer instant short terms loans
India's industrial output growth hits five-month high of 7 percent in June
NEW DELHI (Reuters) - India's industrial output in June grew at its fastest pace in five months to 7 percent from a year earlier, driven by a pick-up in capital goods manufacturing ahead of the festive season, government data showed on Friday.
India to step up use of biofuels to cut oil import bill
NEW DELHI (Reuters) - India aims to increase the use of biofuels to cut its oil import bill by 120 billion rupees ($1.7 billion) by 2022 and reduce carbon emissions, Prime Minister Narendra Modi said on Friday.
India's June industrial output rises by 7%
India's industrial output accelerated in June with a rise of 7 per cent, official data showed on Friday.
Fenoplast standalone net profit rises 1200.00% in the June 2018 quarter
Sales rise 10.20% to Rs 56.48 crore
Yarn Syndicate reports standalone net loss of Rs 0.07 crore in the June 2018 quarter
Reported sales nil
Polymechplast Machines standalone net profit rises 37.50% in the June 2018 quarter
Sales rise 19.37% to Rs 11.34 crore
HBL Power Systems standalone net profit declines 29.46% in the June 2018 quarter
Sales decline 5.65% to Rs 304.18 crore
Mawana Sugars standalone net profit declines 30.31% in the June 2018 quarter
Sales decline 24.05% to Rs 330.83 crore
BSL standalone net profit rises 93.10% in the June 2018 quarter
Sales rise 11.43% to Rs 117.06 crore
Hindustan Hardy Spicer reports standalone net loss of Rs 0.06 crore in the June 2018 quarter
Sales rise 36.51% to Rs 10.32 crore
Harrisons Malayalam reports standalone net loss of Rs 4.92 crore in the June 2018 quarter
Sales rise 0.82% to Rs 77.52 crore
Batliboi reports standalone net loss of Rs 1.40 crore in the June 2018 quarter
Sales rise 10.08% to Rs 25.78 crore
UBL Q1 net profit jumps 37 pc to Rs 222 cr
United Breweries Ltd (UBL) today reported a 37.08 per cent jump in its standalone net profit to Rs 221.92 crore for the quarter ended June 30, helped by double-digit volume growth. The company had posted a net profit of Rs 161.89 crore in the corresponding period a year-ago. Its total income during the quarter under review stood at Rs 4,173.18 crore, up 9.24 per cent, as against Rs 3,820.18 crore in the corresponding quarter of the previous fiscal, UBL said in a regulatory filing. "UBL started the year strongly, recording double digit volume and net revenue growth. The industry recorded volume growth in almost all key states," the company said in a statement. "In Kerala and Maharashtra (excluding Mumbai) the market reversed the highway ban induced negative trend of the previous quarters. Following the new excise policy in Uttar Pradesh effective April 1, 2018, a large number of new wholesale licenses were granted, boosting industry growth," it added. The company said, however, the ...
Kanoria Chemicals & Industries update on subsidiary - APAG Holding AG, Switzerland
Following the issue and allotment of new shares, the Company will hold 80% and Novares 20% shares in the increased capital of APAG and the status of APAG will change from a wholly owned subsidiary to being a subsidiary of the Company.
Gold prices remain flat, silver slips
Gold prices ruled steady at the bullion market here today on muted offtake by jewellers and investors even as the metal prices weakened overseas. In contrast, silver slumped by Rs 135 to Rs 37,825 per kg, driven down by reduced demand from industrial units. Standard gold (99.5 per cent purity) closed at overnight level of Rs 29,490 per 10 gram. Pure gold (99.9 per cent purity) also settled at its previous level of Rs 29,640 per 10 gram. Silver (.999 fineness) slumped by Rs 135 to conclude at Rs 37,825 as compared to Rs 37,960 previously. Spot gold was trading down 0.2 per cent at USD 1,210.15 an ounce at early trade, with the dollar 0.5 per cent stronger against a basket of major currencies. Silver was down 0.3 per cent at USD 15.36 an ounce.