Page 307 - Business Finance
Dhampur Sugar Mills reports consolidated net profit of Rs 107.76 crore in the March 2019 quarter
Sales decline 3.57% to Rs 888.37 crore
Chinese-made drones may be stealing data, warns US
Chinese-made drones may be sending sensitive flight data to their manufacturers in Beijing, where it can be accessed by the government there, the US Department of Homeland Security (DHS) warned in an alert.
Markets surge: Sensex hits record high
Markets hit record highs on Tuesday's openning session extending their rally for the second day running as the BSE Sensex rose over 100 points to an all-time high of 39,571.73 in early trade.
Dalmia Bharat Sugar and Industries Limited Announced its Audited Results for the Quarter and Year Ended 31st March, 2019
/ -- Dalmia Bharat Sugar and Industries Limited today announced its audited results for the quarter and year ended 31st March, 2019. Dalmia Bharat Sugar and Industries Limited today announced its audited results for the quarter and year ended 31st March, 2019. (Logo: https://mma.prnewswire.com/media/889810/Dalmia_Sugar_Logo.jpg ) Particulars UOM Q4'19 Q4'18 FY'19 FY'18 Total Income Rs.Crore 589 492 2,105 2,312 Total Operating Cost Rs.Crore 501 498 1,781 2,041 EBITDA Rs.Crore 88 (6) 324 271 PAT Rs.Crore 46 (13) 187 134 Sales Volume Sugar '000 Tonne 143 114 531 524 Distillery '000 KL 18 7 50 30 Cogen Cr Units 12.03 12.27 38.35 34.87 Financial Year's Performance During the year, Jawaharpur distillery has been successfully expanded to 120 KLPD from 80 KLPD and Nigohi 60 KLPD distillery has been commissioned in the month of January 2019. With this the company will have optimum integrated capacities. In sugar segment there is a slight dip in profitability on account of lower sugar prices .
Asia300 Forum Gathers Asian Business and Political Leaders in SW China
/ -- As reported by iChongqing, Asia300 Global Business Forum Chongqing Summit, kicked off in Southwest China's Chongqing Municipality on May 16, 2019, as part of the 2nd Western China International Fair for Investment and Trade. The Chongqing Summit gathered about 300 of Asia's leading business and political leaders and academics in Chongqing to discuss and explore the potential for open and connected Asian economies. Its theme was "Towards an Open Asian Economic Area: The Potential of Closer Partnerships." Asia300 first time held in Chongqing Duan Chenggang, Member of the Standing Committee of Chongqing CPC Municipal Committee, noted that, at the intersection of the Belt and Road and the Yangtze River Economic Belt, Chongqing will play a leading role in promoting the joint construction of the Belt and Road. Takeoka Lunshi, Special Executive Director of Nikkei, said it was the first time that Nikkei had chosen Chongqing to have the summit. The summit served as an excellent platform .
Tariffs on shoes 'catastrophic': Sneaker brands tell Trump
Major sneaker brands, including Adidas and Nike, told US President Donald Trump that proposed tariffs on imported shoes from China would be "catastrophic" for American consumers.
Tata Motors drops after weak Q4 result
Tata Motors lost 4.66% at Rs 181.15 at 09:32 IST on BSE after consolidated net profit dropped 47.42% to Rs 1117.48 crore on 4.28% fall in total income to Rs 87718.69 crore in Q4 March 2019 over Q4 March 2018.
Rupee rises 6 paise against US dollar on foreign fund inflows
Rising for the second straight session, the rupee Tuesday inched up 6 paise to 69.80 against the US dollar on fresh foreign funds inflows amid exit poll predictions of a clear majority for the NDA. Besides, a positive start of the equity markets also supported the rupee, forex dealers said. However, a strong US dollar against major global currencies and rising crude prices capped gains of the domestic unit, they added. At the Interbank Foreign Exchange market, the domestic unit opened slightly down at 69.75 against the dollar, then it rose to quote at 69.80, up 6 paise over its previous close in early trade. The rupee had appreciated 49 paise to 69.74 against the US dollar in the previous session. Most exit polls forecast another term for Prime Minister Narendra Modi. The results of the seven-phase polls will come out Thursday. The BSE Sensex was trading 205.24 points, or 0.52 per cent, higher at 39,557.91 in early trade. In similar movement, the broader NSE Nifty rose 48.90 points, ..
Tata Motors Ltd Falls 5.21%, S&P BSE Auto index Drops 1.36%
Tata Motors Ltd has lost 23.65% over last one month compared to 7.31% fall in S&P BSE Auto index and 0.53% rise in the SENSEX
Muthoot Capital Services Ltd Spurts 5.52%
Muthoot Capital Services Ltd has lost 5.7% over last one month compared to 2.98% gain in S&P BSE Finance index and 1.03% rise in the SENSEX
Market drifts higher in early trade
Key indices nudged higher in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 92.50 points or 0.24% at 39,445.17. The Nifty 50 index was up 36.05 points or 0.3% at 11,864.30.
Sensex rises over 200 pts to hit record high in early trade
The benchmark BSE Sensex jumped over 200 points to hit a record intra-day high of 39,565.82 as investors' euphoria over exit poll outcome continued in early session on Tuesday. The 30-share index was trading 205.24 points, or 0.52 per cent, higher at 39,557.91. In similar movement, the broader NSE Nifty rose 48.90 points, or 0.41 per cent, to 11,877.15. In the previous session, the Sensex ended 1,421.90 points, or 3.75 per cent, higher at 39,352.67, and the Nifty soared 421.10 points, or 3.69 per cent, to 11,828.25. Top gainers in the Sensex pack in morning trade include HDFC twins, Bajaj Finance, Coal India, RIL, Bajaj Auto, HUL, IndusInd Bank, Sun Pharma, Vedanta, Axis Bank and Asian Paints, rising up to 2.21 per cent. On the other hand, Tata Motors, Yes Bank, Bharti Airtel, Tata Steel, SBI, Infosys, ONGC and TCS fell up to 3.18 per cent. "Market has given a thumbs-up to exit poll numbers. Sentiments have turned around drastically and the benchmark indices can gain 5-8 per cent more
United Breweries Q4 net profit falls 25.26 pc to Rs 67.92 crore
United Breweries Ltd (UBL) Tuesday reported 25.26 per cent fall in its standalone net profit of Rs 67.92 crore for the fourth quarter ended March 2019. The company had posted a net profit of Rs 90.88 crore in the January-March period a year-ago. Its total income during the quarter under review was up 5.84 per cent to Rs 3,469.3 crore as against Rs 3,277.85 crore in the corresponding quarter of the previous fiscal, UBL said in a regulatory filing. UBL's total expenses during the period stood at Rs 3,363.13 crore, up 7.07 per cent as against Rs 3,141.03 crore in the corresponding quarter a year ago. The company in a statement said, in the fourth quarter, volume grew in all markets except West Bengal, Uttar Pradesh and Maharashtra. "UBL's growth continues to lead the industry, strengthening its market position. Good performance generated healthy operating cash flows, which along with better working capital management helped internal funding of Rs 430 crore investments in the business," ..
Monte Carlo Fashions reports standalone net loss of Rs 18.85 crore in the March 2019 quarter
Sales rise 14.50% to Rs 95.78 crore
Rockon Enterprises standalone net profit rises 433.33% in the March 2019 quarter
Sales rise 87.50% to Rs 1.20 crore
Gowra Leasing & Finance standalone net profit declines 72.09% in the March 2019 quarter
Sales rise 29.17% to Rs 0.31 crore
Aimco Pesticides standalone net profit rises 36.36% in the March 2019 quarter
Sales rise 137.25% to Rs 57.20 crore
HEG standalone net profit declines 17.29% in the March 2019 quarter
Sales rise 4.19% to Rs 1346.65 crore
Torrent Pharmaceuticals reports consolidated net loss of Rs 152.00 crore in the March 2019 quarter
Sales rise 9.36% to Rs 1822.00 crore
Darjeeling Ropeway Company reports standalone net profit of Rs 0.21 crore in the March 2019 quarter
Sales reported at Rs 4.74 crore