Page 305 - Business Finance
Cox & Kings-owned Meininger Hotels sings pact to open fourth property in France
Tours and travel firm Cox & Kings Tuesday said its group company Meininger Hotels has signed the contract to open its fourth hotel in France in Marseille as a part of its expansion strategy. "Meininger's number of prospective beds in France grows to over 2,600. The new hotel is expected to open in summer 2021," Cox & Kings said in a statement. The property will have 194 rooms. Meininger Hotels CEO Hannes Spanring said Marseille has undergone a tremendously impressive transformation over the last few years and is developing into the Mediterranean metropolis of tomorrow. "The city offers everything that we're looking for when it comes to Meininger's accelerated growth and our ambitious expansion plans in Europe and beyond," it added. Meininger currently operates more than 26 hybrid hotels in Europe with a total of 3,977 rooms and 14,225 beds in 15 European cities.
Volumes soar at Jubilant Life Sciences Ltd counter
Jubilant Life Sciences Ltd recorded volume of 7.91 lakh shares by 10:49 IST on BSE, a 27.75 times surge over two-week average daily volume of 28500 shares
Reinvest fast or some startup will gobble you up: AWS
India has such a broad swathe of companies - innovative startups, established enterprises and government customers -- and Amazon Web Services (AWS) is more than ready to serve their Cloud-based needs with utmost encryption across the spectrum, a top company executive has stressed.
Palred Technologies to sell Xmate brand of products on Amazon India
Palred Electronics will continue to own and sell its brand of PTron products on various online channels in India Amazon, Flipkart, Snapdeal, LatestOne.com etc and offline general trade & modern trade outlets through the established network of distributors across the country.
RattanIndia Infrastructure reports standalone net profit of Rs 0.24 crore in the March 2019 quarter
Reported sales nil
Malu Paper Mills standalone net profit rises 142.67% in the March 2019 quarter
Sales decline 15.93% to Rs 61.82 crore
United Breweries standalone net profit declines 25.26% in the March 2019 quarter
Sales rise 10.71% to Rs 1629.40 crore
Indo Asia Finance reports standalone net loss of Rs 0.81 crore in the March 2019 quarter
Sales decline 50.00% to Rs 0.01 crore
Lakshmi Machine Works standalone net profit declines 39.92% in the March 2019 quarter
Sales decline 22.39% to Rs 580.01 crore
Triveni Turbine consolidated net profit declines 20.10% in the March 2019 quarter
Sales decline 1.84% to Rs 239.65 crore
New Delhi Television reports consolidated net profit of Rs 11.85 crore in the March 2019 quarter
Sales decline 3.18% to Rs 102.24 crore
Shetron reports consolidated net loss of Rs 0.25 crore in the March 2019 quarter
Sales decline 3.32% to Rs 34.32 crore
Rattanindia Power reports standalone net loss of Rs 192.94 crore in the March 2019 quarter
Sales decline 56.25% to Rs 286.54 crore
Indian Toners & Developers standalone net profit declines 33.19% in the March 2019 quarter
Sales rise 4.85% to Rs 28.78 crore
Tainwala Chemicals & Plastics (India) standalone net profit declines 80.17% in the March 2019 quarter
Sales decline 16.67% to Rs 2.85 crore
Confidence Petroleum India consolidated net profit rises 179.11% in the March 2019 quarter
Sales rise 54.87% to Rs 286.06 crore
Atlanta reports standalone net profit of Rs 19.82 crore in the March 2019 quarter
Sales reported at Rs 8.15 crore
Dhampur Sugar Mills reports standalone net profit of Rs 103.34 crore in the March 2019 quarter
Sales decline 8.07% to Rs 816.12 crore
Market breadth turns negative
Stocks regained strength soon after trimming gains in morning trade. At 10:19 IST, the barometer index, the S&P BSE Sensex, was up 136.54 points or 0.35% at 39,489.21. The Nifty 50 index was up 27.15 points or 0.23% at 11,855.40.
Selling pressure in auto, banking indices erases morning gains
Equity benchmark indices opened with a sober note on Tuesday ahead of the general elections outcome and logjam between the United States and China on trade negotiations.However, selling pressure witnessed in auto, realty, banking and IT indices erased morning gains within an hour.At 10:15 am, the BSE S & P Sensex was up 148 points at 39,500 while the Nifty 50 gained was up 38 points at 11,867. Indices of financial services, FMCG, pharma and PSU banks were in the green.Among the early gainers were Dr Reddy which gained nearly 4 per cent and Bharti Infratel which moved up 3 per cent. HDFC, Bajaj Finance and Indiabulls Housing Finance were also in the green.But Tata Motors plunged over 5 per cent following disappointing results a day earlier. Tata Steel, Bharat Petroleum Corporation, Yes Bank and Hindalco were in the negative zone.Meanwhile, Asian stocks were mixed as investors pondered over moves by the United States against Huawei Technologies.Washington has temporarily eased trade