Page 3045 - Business Finance
Piramal Phytocare reports standalone net loss of Rs 2.99 crore in the June 2018 quarter
Sales rise 91.16% to Rs 6.92 crore
Newgen Software Technologies reports standalone net profit of Rs 2.27 crore in the June 2018 quarter
Sales rise 16.75% to Rs 91.12 crore
Pioneer Investcorp standalone net profit declines 77.78% in the June 2018 quarter
Sales decline 36.74% to Rs 4.89 crore
Pfizer standalone net profit rises 60.64% in the June 2018 quarter
Sales rise 21.71% to Rs 512.31 crore
Akzo Nobel India standalone net profit rises 5.86% in the June 2018 quarter
Sales rise 10.38% to Rs 715.69 crore
International Paper APPM standalone net profit rises 88.09% in the June 2018 quarter
Sales rise 9.28% to Rs 339.86 crore
Mahindra Logistics consolidated net profit rises 60.89% in the June 2018 quarter
Sales rise 8.88% to Rs 928.19 crore
Newgen Software Technologies reports consolidated net profit of Rs 3.87 crore in the June 2018 quarter
Sales rise 20.18% to Rs 106.47 crore
Wall Street Finance reports consolidated net loss of Rs 0.39 crore in the June 2018 quarter
Sales decline 60.99% to Rs 5.66 crore
BCG elevates Neeraj Aggarwal as Asia-Pacific regional chair
Management consulting firm Boston Consulting Group has elevated its India head Neeraj Aggarwal as the new regional chair for the Asia-Pacific region, which includes India, Japan, Australia, South Korea, China, and Southeast Asia. Aggarwal currently heads the India operations as its managing director, and takes over from Janmejaya Sinha, who has led the Asia Pacific operations of BCG since 2009, an official release said today. Sinha has been appointed chairman of BCG India now. ********************* Pawan Hans inks pact with UTair * State-owned chopper maker Pawan Hans has inked an agreement with helicopter service provider UTair to explore mutual business prospects and areas of engagement in field of general aviation. Under the agreement, the companies will also explore the possibility of training and utilisation of technical human resources in the country, according to a release. The memorandum of understanding was signed by the Pawan Hans chairman and managing ...
Soaring profit fails to quell Barclays investment bank debate
LONDON (Reuters) - Barclays' second-quarter pretax profits almost trebled in the absence of hefty payouts for legal problems but the British lender faced further questions about the role of investment banking in its strategy.
Indian footwear market largely unorganised: Designer Jyoti Narula
Only one-third of the footwear market is organised, while the rest of the business consists of unorganised players, says designer Jyoti Narula of the brand Joe Shu. She notes that the rise of disposable income and global fashion trends are contributing to the industry's evolution.
GE Power India net profit falls 77% to Rs 2.4 cr in Apr-Jun
GE Power India's standalone net profit dropped around 77 per cent at Rs 2.4 crore in the quarter ended June 30, 2018, compared to the year ago period. The company's standalone net profit was Rs 10.58 crore in the quarter ended on June 30, 2017, said a BSE filing today. According to the filing, its total income rose to Rs 467.32 crore in the quarter from Rs 388.39 crore year ago. The company said that consequent to implementation of goods and services tax (GST) regime effective July 2017, revenue is presented exclusive of GST. However, it said revenue for the quarter ended June 30, 2017, and year ended March 31, 2018, presented is inclusive of excise duty and the amount of such excise duty is presented as expense in line with 'excise duty on sale of goods'. Accordingly, the amounts are not comparable to that extent. The board of directors in their meeting held on May 22, 2018, recommended a dividend of Rs 3 per share and the members of the company have approved the dividend at the ...
IPLEX 2018 Plastics Expo from tomorrow
The ninth edition of IPLEX, an international plastics exposition, will begin here from tomorrow. Coming in the backdrop of some states banning plastic bags of less than 50 microns, organisers of the four-day event said bags alone were not plastics and ban was not the solution. Over 350 exhibitors would take part in the expo which was expected to attract about 50,000 business visitors, Telangana and Andhra Pradesh Plastics Manufacturers Association President Venu Gopal Jasti and IPLEX 2018 Advisory Committee Chairman Anil Reddy Vennam told reporters. The event was being held for third time in the city, they said. The use of plastics was on the rise and the industry would grow at 9 per cent this fiscal, they said. The event provides a common platform for participants in the plastic industry- manufactures, dealers, buyers and end-users, they said. "Plastics ban is not the solution. There is a need to change littering habits and segregation at source needs to be done and ...
Duff & Phelps announces transitions in Kroll leadership team
Global valuation and corporate finance advisor Duff & Phelps today announced transitions in Kroll leadership team. Kroll, a division of Duff & Phelps, announced that Tarun Bhatia, Managing Director for Business Intelligence and Investigations, has become Head of South Asia, while Managing Director Reshmi Khurana has been appointed to head the operations in Southeast Asia based in Singapore, Duff & Phelps said in a release. In March this year Duff & Phelps, had acquired security and cyber solutions specialist Kroll. Meanwhile, Duff & Phelps, also announced plans to expand operations with the opening of a new office in Mumbai. "As we grow our business in India over the coming years, Mumbai will be an important hub for our expansion strategy in the region. Together with the Kroll team, we see exciting opportunities to work on cross jurisdictional mandates for our clients," said Varun Gupta, Managing Director and Asia Pacific Leader for Duff & Phelps. India is home
L&T Technology Services Ltd leads losers in 'A' group
Kaveri Seed Company Ltd, Motherson Sumi Systems Ltd, Radico Khaitan Ltd and Larsen & Toubro Infotech Ltd are among the other losers in the BSE's 'A' group today, 02 August 2018.
Coal India gains after good monthly sales
Coal India rose 1.2% to Rs 273.55 at 14:51 IST on BSE after the company reported good production and offtake figures for July 2018.
Accel Frontline Ltd leads losers in 'B' group
Agarwal Industrial Corporation Ltd, Beardsell Ltd, Vinyl Chemicals (I) Ltd and Cupid Ltd are among the other losers in the BSE's 'B' group today, 02 August 2018.
India's Gold Demand Falls 8% In Q2 2018, Stays In Line With Long Term Average
Indian gold demand was down from a strong Q2 2017, falling 8% to 147.9 tonnes (t) in Q2 2018 due to high local prices and seasonal factors, but was in line with the long-term average, according to a latest update from the World Gold Council (WGC). The y-o-y drop in demand was magnified by the jump in demand seen in Q2 last year when consumers rushed to make gold purchases before GST was implemented on 1 July. In a longer-term context, Indian jewellery demand was relatively healthy, just 1% below the five-year quarterly average of 149.1t and 3% higher than average Q2 demand over the preceding ten years (144.1t).
Kamdhenu Q1 net profit at Rs 6 cr
TMT bar maker Kamdhenu today reported over two-fold jump in net profit at Rs 5.92 crore for the quarter ended June 30. The company had posted a net profit of about Rs 2.76 crore during the same period a year ago. Total income in the reported quarter was Rs 399.83 crore, up 69 per cent from Rs 235.96 crore in the year-ago period, the company said in a BSE filing. Total expenses were at Rs 390.58 crore, as against Rs 231.66 crore a year ago. Kamdhenu Chairman and Managing Director Satish Kumar Agarwal said government's initiatives like introduction of GST and E-way Bill gave a boost to all key sectors of the economy including steel. "The initiatives helped us also in getting good results. The e-way bill helped shipments to reach the destinations on time. The on-time deliveries helped in getting on-time payments and resulted in no interruption in supply chain," he said. On the outlook for domestic steel sector, Agarwal said huge opportunities are coming up due to high growth in the real .