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Page 3085 - Business Finance

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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:51 PM IST
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Updated On : 31 Jul 2018 | 4:50 PM IST

Tech Mahindra shares jump 4 pc post Q1 results

Shares of IT services firm Tech Mahindra today surged 4 per cent after the company reported 12.4 per cent rise in consolidated net profit for the first quarter ended June 2018. The company's scrip gained 3.93 per cent to close at Rs 680.30 on the BSE. Intra-day, it jumped 4.52 per cent to Rs 684.20. On the NSE, shares of the company rose by 3.74 per cent to end at Rs 680. On the equity volume side, 5.73 lakh shares of the company were traded on the BSE and over 96 lakh shares changed hands on the NSE during the day. Tech Mahindra yesterday reported 12.4 per cent rise in consolidated net profit at Rs 897.9 crore for the first quarter ended June 2018. The firm had registered a net profit of Rs 798.6 crore in the corresponding quarter of the last fiscal, Tech Mahindra said in a statement. The consolidated revenue stood at Rs 8,276.3 crore in the quarter under review, up 12.8 per cent from Rs 7,336.1 crore in the year-ago period, as per Indian Accounting Standards.

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Updated On : 31 Jul 2018 | 4:50 PM IST
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Updated On : 31 Jul 2018 | 4:50 PM IST

Vedanta Q1 profit nearly flat at Rs 1,533 cr

Metals and mining giant Vedanta Ltd today posted nearly flat consolidated net profit at Rs 1,533 crore, up barely 2.13 per cent, for the first quarter ended June 30, 2018-19. It had posted net profit of Rs 1,501 crore in the April-June period of 2017-18, Vedanta Ltd said in a filing to BSE. The net profit is after after taxes, non-controlling interests and share in profit of jointly controlled entities and associates but before exceptional items, it said. The consolidated total income during the first quarter of the current fiscal increased to Rs 22,624 core, as against Rs 20,431 crore in the year-ago period. Vedanta Ltd is a diversified natural resources company whose business primarily involves producing oil and gas, iron ore, aluminium and commercial power among others.

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Updated On : 31 Jul 2018 | 4:50 PM IST
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Updated On : 31 Jul 2018 | 4:50 PM IST
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Updated On : 31 Jul 2018 | 4:50 PM IST
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Updated On : 31 Jul 2018 | 4:50 PM IST

MOX Zone foundation stone laid at WTC Noida by PM Modi

Prime Minister Narendra Modi laid the foundation stone of India's first Mobile Open Exchange Zone (MOX). The Ground Breaking Ceremony for MOX at World Trade Centre, Noida was held in Lucknow where the PM inaugurated such plans, MOUs of which were signed during the UP Investors Summit in 2018.Earlier this year, Uttar Pradesh government had signed a MoU with World Trade Center, Noida to develop Tech zone as a nucleus of Mobile Open Exchange Zone (MOX), which is acting as a catalyst to enable growth in the mobile and allied sectors in Uttar Pradesh.Vivo has already established their manufacturing facility in the WTC Noida complex, which has directly/indirectly, employed 15,000 people in the state. This step was taken to establish the aforementioned project of the state government.MOX@Techzone is a dedicated ecosystem for the Mobile Industry that will provide an integrated platform to mobile manufacturers, research & development and other allied Industries.With WTC Noida at the ...

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Updated On : 31 Jul 2018 | 4:50 PM IST
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Updated On : 31 Jul 2018 | 4:50 PM IST