Page 2969 - Business Finance
Odisha govt conducts roadshow to promote investors' summit
Odisha government in association with industry body Ficci today conducted a roadshow in the city to woo investors ahead of its second edition of 'Make in Odisha' conclave scheduled to be held in November. "Odisha is fast emerging as a manufacturing hub of east India. We will be organising the second edition of Make in Odisha conclave in Bhubaneswar from November 11-15 this year to showcase manufacturing prowess of the state and various investment opportunities," Odisha chief minister Naveen Patnaik said after inaugurating the roadshow. During the inaugural edition of the conclave, organised in 2016, investment plans to the tune of Rs 2.03 lakh crore were announced by the industry. Business leaders from over 300 leading companies participated in the roadshow to explore growth opportunities across Odisha's focus sectors - food processing and seafood, ancillary and downstream industries in the metals sector, textiles, ESDM (electronic system design and manufacturing), ...
Balrampur Chinni Q1 profit down 39% at Rs 74 cr
Balrampur Chinni Mills today reported 39 per cent decline in its net profit at Rs 73.58 crore for the quarter ending June due to lower sales margin in sugar business. Its net profit stood at Rs 120 crore in the year-ago period, the Kolkata-based firm said in a regulatory filing. Total income also fell during April-June period of this fiscal to Rs 1,008.11 crore from Rs 1,143.41 crore in the corresponding period of 2017-18. The Board of Directors at its meeting held today have approved the setting up a new distillery unit, thereby increasing the capacity of its distilleries by adding 160 kilo litres per day. With this addition, the total capacity will stand augmented to 520 kilo litres per day. Balrampur Chinni is a leading sugar company with plants in Uttar Pradesh.
Cipla Q1 net up 5% at Rs 446 cr
Drug major Cipla today posted 4.86 per cent increase in its consolidated net profit at Rs 445.61 crore for the first quarter ended June 30. The company had reported a net profit of Rs 424.92 crore in the same period of previous fiscal. Net sales of the company stood at Rs 3,845.84 crore in the first quarter ended June 30, as compared with Rs 3,432.32 crore in the same period of previous fiscal, Cipla said in a regulatory filing. Shares of the company today ended 0.75 per cent up at Rs 633.40 on the BSE.
Indian Oil buys U.S. crude to part replace Iran cargoes
NEW DELHI/SINGAPORE (Reuters) - Indian Oil Corp has bought 6 million barrels of U.S. crude for delivery in November to January, a company official said, as the nation's top refiner scouts for alternatives to Iranian oil ahead of impending U.S. sanctions.
Committed to increase accessibility of AI tools in India: Intel
Chipmaker Intel on Wednesday said it was committed to accelerate the accessibility of Artificial Intelligence tools across industries, and drive the next wave of computing by strategically investing in developer education.
PayU, Reliance Money announce strategic partnership for instant loan
PayU India on Wednesday announced entering into a strategic partnership with Reliance Money, leading NBFC brands in India, to offer instant app based personal loans, via LazyPay.In an attempt to reach out to the underserved consumers in India, both PayU India and Reliance Money will make sure that the entire process is completely digital, saving customers the hassle and the delays usually associated with a loan approval process.The loan amount will start from as low as Rs. 100 and will extend up to Rs. 1,00,000 with a duration varying from 15 days to 24 months.Reliance Money would carry out its one-step due diligence of checking the creditworthiness of the customers, which will substantially bring down the 'time to check' and improve the turnaround time of the credit flow to the KYC-enabled customer. As a measure to keep delinquencies under check, the company is seeking direct debit facility on the customer's account for loan repayment."The tie-up helps Reliance Money to move ahead in
BHIVE Workspace launches two new centers to expand space under its operation to 1.2 lakh sq ft
BHIVE Workspace, one of the leading coworking spaces in the country, recently launched two new centers in HSR Layout, Bengaluru, expanding the space under its operation to over 1.2 lakh sq ft. The new centers have been designed to cater to the needs of start-ups as well as large organizations. These centers offer a combination of cabins, open coworking spaces, meeting rooms and spaces for hosting events.One of the new centers is located very close to the HSR Sector 2 club. Situated in a lush green environment next to the Sector 2 Park, this shared office space allows one to unwind in the midst of their tiring schedule. This center follows an innovative asset-light model that has been developed in partnership with landlords. The second center is located close to the Silk Board junction, easily accessible from Outer Ring Road."I am very happy to announce that BHIVE has now opened two centers in Bangalore in our new, asset-light model. Landlords have been lining up to partner with BHIVE .
PNC Infratech standalone net profit rises 243.91% in the June 2018 quarter
Sales rise 106.22% to Rs 735.50 crore
Aunde India reports standalone net loss of Rs 1.33 crore in the June 2018 quarter
Sales rise 29.15% to Rs 34.91 crore
Mahan Industries reports standalone net loss of Rs 0.16 crore in the June 2018 quarter
Reported sales nil
Shriram Asset Management Co standalone net profit rises 78.26% in the June 2018 quarter
Sales rise 9.09% to Rs 0.24 crore
Acil Cotton Industries reports standalone net profit of Rs 0.01 crore in the June 2018 quarter
Sales decline 21.55% to Rs 0.91 crore
Veljan Denison standalone net profit declines 40.94% in the June 2018 quarter
Sales decline 33.54% to Rs 11.71 crore
Narmada Gelatines standalone net profit declines 58.92% in the June 2018 quarter
Sales rise 10.00% to Rs 31.13 crore
Sky Industries standalone net profit rises 172.73% in the June 2018 quarter
Sales rise 17.59% to Rs 14.17 crore
MphasiS standalone net profit rises 3.59% in the June 2018 quarter
Sales rise 4.90% to Rs 824.54 crore
Mercator reports standalone net loss of Rs 27.45 crore in the June 2018 quarter
Sales decline 14.97% to Rs 82.46 crore
Jetking Infotrain reports standalone net loss of Rs 0.18 crore in the June 2018 quarter
Sales decline 4.02% to Rs 5.02 crore
Schablona India reports standalone net loss of Rs 1.06 crore in the June 2018 quarter
Sales rise 14.70% to Rs 4.76 crore
Aviva Industries reports standalone net loss of Rs 0.01 crore in the June 2018 quarter
Reported sales nil