Page 3070 - Business Finance
EIH standalone net profit declines 11.55% in the June 2018 quarter
Sales rise 17.89% to Rs 334.96 crore
Coastal Corporation consolidated net profit rises 171.88% in the June 2018 quarter
Sales rise 0.94% to Rs 133.42 crore
Martin Burn standalone net profit rises 64.71% in the June 2018 quarter
Sales decline 45.45% to Rs 0.06 crore
Power Grid Corporation of India standalone net profit rises 9.17% in the June 2018 quarter
Sales rise 13.17% to Rs 8127.10 crore
AD Manum Finance standalone net profit declines 9.30% in the June 2018 quarter
Sales decline 13.30% to Rs 3.13 crore
EPC Industrie standalone net profit declines 49.31% in the June 2018 quarter
Sales decline 12.08% to Rs 52.49 crore
Key indices recover from day's low
Benchmarks came off day's low and were trading near the flat line in early afternoon trade. At 12:19 IST, the barometer index, the S&P BSE Sensex, was down 23.67 points or 0.06% at 37,582.91. The Nifty 50 index was up 7.80 points or 0.07% at 11,364.30.
VW posts consensus-beating underlying second-quarter as outlook dims
WOLFSBURG, Germany (Reuters) - German carmaker Volkswagen posted a forecast-beating 23 percent rise in underlying quarterly operating profit on Wednesday, even as difficulties conforming to a new anti-pollution rules cloud the sales outlook for passenger cars.
French bank BNP Paribas' second-quarter net profits beat forecasts
PARIS (Reuters) - BNP Paribas, France's largest listed bank, reported forecast-beating second-quarter profits on Wednesday as higher revenues from its diversified international financial services unit offset sluggish fixed-income trading.
How to de-risk infrastructure investments (Column: Behind Infra Lines)
De-risking infrastructure projects is critical to increase the flow of capital into infrastructure in India and lower the cost of capital. De-risking of projects can be accomplished using both external and internal mechanisms.
Guar seed futures edge lower on profit-booking
Guar seed prices turned weak by Rs 29.50 to Rs 4,453.50 per quintal in futures trade today as operators cut bets at higher levels in tandem with weak physical markets lead. Marketmen said, traders cut down their holdings amid slowdown in demand from guar gum makers coupled with ample stocks on steady inflow of supplies of guar seed from producing belts in the spot markets, which marked the downtick in guar seed futures prices and ended two day's gaining run. At the National Commodity and Derivatives Exchange, guar seed delivery for the November contracts fell Rs 29.50, or 0.66 per cent, to Rs 4,453.50 per quintal, with an open interest of 5,810 lots. Similarly, the delivery of the most active October contract dropped by Rs 21.50, or 0.48 per cent, to Rs 4,431 per quintal with a business turnover of 1,14,680 open lots.
Pernia's Pop-Up Shop partners with Purple Style Labs for future expansion
Pernia's Pop-Up Shop (PPUS), the leading online fashion store offering a wide range of luxury Indian designer brands, has partnered with Purple Style Labs (PSL) for business growth and expansion across all modes of retail channels.The joint venture aims at rapidly scaling the Indian Designer Brands both in the domestic and international markets. Through this partnership, PSL aims at building a giant Luxury Fashion House based out of India, in the form of a strong multi-brand retailing platform, with an international focus.Established in 2012 by Pernia Qureshi, Pernia's Pop-Up Shop has already built a strong foothold globally and is the market leader in selling Indian designer-wear from their website. The joint venture has already expanded into offline stores called 'Pernia's Pop-Up Studio' in Mumbai and Delhi and has plans to start international stores soon. PPUS has also started hosting luxury fashion exhibitions called 'Pernia's Pop-Up Show' with its next edition in Sep 2018 in ...
Rio Tinto says first-half profit rises 12 percent, tops up share buyback by $1 billion
(Reuters) - Global miner Rio Tinto said on Wednesday its first-half profit rose 12 percent, just below expectations, but raised its interim dividend and earmarked an additional $1 billion to buy back London-listed shares.
BOJ says rising female, senior workers keeping inflation low
TOKYO (Reuters) - An increase in the number of women and seniors entering the job market and a push by companies to streamline operations through automation are keeping Japan's wages and inflation from rising significantly, the central bank said on Wednesday.
Emami Q1 posts net profit of Rs 26.95 crore
FMCG firm Emami today reported a net consolidated net profit of Rs 26.95 crore for the first quarter ended on June 30, 2018 led by growth in revnue and volume. The company had posted a consolidated net profit of Rs 0.89 crore during the April-June period a-year ago, the company said in a BSE filing. Emami's total income stood at Rs 616.34 crore during the quarter under review. It was at Rs 545.62 crore in the corresponding quarter of the previous fiscal. Commenting on results Emami Director Mohan Goenka said, "We started the year FY19 with 19 per cent growth in the first quarter. Both volume and revenue registered a handsome recovery compared to the GST impacted corresponding quarter of last year." Meanwhile, Emami said that its revenue for the quarter under review were not comparable due to implementation of GST. "Reported revenue in Q1FY19 is not comparable with Q1FY18 due to changes in accounting treatment of indirect taxes post the implementation of GST from July 1, 2017," the ...
Cupid Ltd leads gainers in 'B' group
GSS Infotech Ltd, Refex Industries Ltd, Surana Solar Ltd and Kitex Garments Ltd are among the other gainers in the BSE's 'B' group today, 01 August 2018.
Hyundai Motor India Director for Marketing and Sales Rakesh Srivastava resigns
Hyundai Motor India, today said its Director for Marketing and Sales Rakesh Srivastava has resigned to pursue other interests outside the organisation. Srivastava, who joined the company as Vice President and served for six years, has played a key role in the company's growth during the period strengthening its position as the second biggest player in the passenger vehicles segment. In April last year he was promoted as Director for Marketing and sales division. Commenting on his departure, HMIL Managing Director and CEO, Y K Koo said, Our association with Srivastava has been mutually enriching. He has immensely contributed through the years, leading the company to stay ahead.
Cardamom futures succumb to profit-booking
Cardamom prices fell 1.03 per cent to Rs 1,082 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market. Besides, sufficient stocks on higher arrivals from the major cardamom producing regions too weighed on the prices. At the Multi Commodity Exchange, cardamom for delivery in September contract fell by Rs 11.30, or 1.03 per cent, to Rs 1,082 per kg in a business turnover of 26 lots. Similarly, the spice for delivery in August edged down by Rs 5.80, or 0.52 per cent, to Rs 1,118 per kg, with trading volume of 14 lots. Marketmen said besides profit-taking by speculators at existing levels, increased arrivals from producing regions put pressure on cardamom futures.
IDAP bets high on crypto derivatives trading
Crypto-currency trading stands in direct contrast to the approach of the traditional trading world. While brokers and firms are the middlemen you may have to go through to trade in the various world markets, crypto trading has put the power back into the hands of the people."For all the things crypto trading has gotten right in the few years of the existence of cryptocurrency markets, there are many areas that leave a lot to be desired. One important aspect of crypto trading that only of late has begun to be talked about is a lack of choices in the trading instruments. It would be unfair to say that there are no choices, but compared to a trader in traditional markets, a crypto trader enjoys far less freedom in terms of what he can trade and how he can trade it," said Murali Thakur, co-founder and CTO at IDAP Global.A financial derivative can be defined as a contract between two or more parties (buyers and sellers) whose value is based on an underlying asset agreed upon by the parties
Kwality Ltd leads gainers in 'A' group
Reliance Naval & Engineering Ltd, IL&FS Transportation Networks Ltd, Hindustan Copper Ltd and KPIT Technologies Ltd are among the other gainers in the BSE's 'A' group today, 01 August 2018.