Page 3086 - Business Finance

Raymond reports standalone net loss of Rs 13.28 crore in the June 2018 quarter

Sales rise 2.23% to Rs 608.61 crore

Cigniti Technologies reports consolidated net profit of Rs 39.15 crore in the June 2018 quarter

Sales rise 15.57% to Rs 194.71 crore

Ajanta Pharma consolidated net profit rises 11.60% in the June 2018 quarter

Sales rise 8.00% to Rs 510.99 crore

DCM Shriram consolidated net profit declines 6.48% in the June 2018 quarter

Sales rise 6.21% to Rs 2061.77 crore

Raymond reports consolidated net profit of Rs 1.92 crore in the June 2018 quarter

Sales rise 4.49% to Rs 1250.66 crore

Honda resists U.S. tariff hit for now, first-quarter profit at 12-year high

TOKYO (Reuters) - Honda Motor said the impact of U.S. steel and aluminium import tariffs on its bottom line had so far been limited, as it posted a surprise jump in quarterly profits to their highest in more than a decade on improving North American sales.

Panasonic expects Tesla battery biz to contribute to profit as early as October

TOKYO (Reuters) - Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace.

Pfizer profit rises 26 percent

(Reuters) - Pfizer Inc reported a 26 percent rise in quarterly profit on Tuesday, driven by higher sales of its drugs, including breast cancer treatment Ibrance.

Pulp problems: Why shoppers may pay more for tissues, toilet paper

CHICAGO/LONDON (Reuters) - With toilet roll and tissues swept up in an escalating international trade row, it's not just Procter & Gamble's Charmin that's going to get the squeeze.

Axis Bank shares slip nearly 4%; m-cap erodes by Rs 4,709 cr after Q1 results

Shares of Axis Bank today fell nearly 4 per cent after the private lender reported 46 per cent fall in net profit for April-June quarter. The stock dropped 3.23 per cent to settle at Rs 550.10 on BSE. During the day, it went down by 3.59 per cent to Rs 548. At NSE, shares of the company fell 3.76 per cent to close at Rs 548.20. The stock was the worst hit among the blue chips on both the key indices. The company's market valuation diminished by Rs 4,708.84 crore to Rs 1,41,265.16 crore. On the equity volume front, 9.43 lakh shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day. Axis bank yesterday reported 46 per cent fall in net profit to Rs 701.09 crore for June quarter due to increase in provisioning for bad loans. The bank had registered a net profit of Rs 1,306 crore in the June quarter of 2017-18. The lender's asset quality worsened as gross non-performing assets (NPAs) rose to 6.52 per cent as on June 30 of this year, from 5.03 ...

Huawei first-half revenue rises 15 percent, with smartphone market gains in China

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd posted a 15 percent rise in first-half revenue, with industry data showing market share gains at home for the smartphone maker that has been largely shut out of the U.S. market over security concerns.

World shares under tech cloud, no lift from Japan's dovish policy pledge

LONDON (Reuters) - Reassurance by the Bank of Japan that it will keep its super-easy monetary policies in place for an extended period pushed the yen and global bond yields lower on Tuesday, though mounting concerns about the tech sector kept world stocks under pressure.

Parekh re-appointed as director even as 22.64% HDFC shareholders voted against

Financial sector doyen Deepak Parekh was re-appointed as non-executive director on the Board of country's largest mortgage lender HDFC, though 22.64 per cent of the shareholders voted against his continuation. HDFC Chairman Parekh secured approval of 77.36 per cent shareholders at the annual general meeting (AGM) of the company held here yesterday. Parekh has been at the helm of HDFC for close to 30 years. J J Irani and Keki Mistry too got re-appointment as directors to HDFC's board with more favourable votes. As per the Companies Act, the votes cast in favour of a special resolution are required to be not less than three times the number of the votes, if any, cast against the resolution. HDFC had to come out with special resolution for re-appointment of its Parekh as he would cross the age of 75-year on October 18 next year. The company had sought shareholders approval for continuation of directorship of Parekh. The AGM also approved continuation of directorship of J J Irani. The ...

InterGlobe Aviation shares crack 7.5%; m-cap drops by Rs 2,891 cr

Shares of InterGlobe Aviation, which runs largest domestic carrier IndiGo, today plummeted 7.5 per cent after the company reported a steep 96.6 per cent fall in net profit in June quarter. The stock slumped 7.49 per cent to close at Rs 929.05 on BSE. During the day, it cracked 11.26 per cent to Rs 891.10 -- its 52-week low. On NSE, shares of the company tumbled 7.14 per cent to settle at Rs 933.25. Led by the sharp fall in the stock, the company's market valuation eroded by Rs 2,890.68 crore to Rs 35,713.32 crore on BSE. In terms of equity volume, 9.47 lakh shares of the company were traded on BSE and over 83 lakh shares changed hands on NSE during the day. InterGlobe Aviation yesterday reported a steep 96.6 per cent fall in net profit to Rs 27.8 crore in June quarter, owing to adverse impact of foreign exchange, high fuel prices, lower yields and higher maintenance cost. The Gurugram-based budget carrier had posted a net profit of Rs 811.10 crore in the same quarter last ...

Global Markets: World shares under tech cloud, no lift from Japan's dovish policy pledge

LONDON (Reuters) - Reassurance by the Bank of Japan that it will keep its super-easy monetary policies in place for an extended period pushed the yen and global bond yields lower on Tuesday, though mounting concerns about the tech sector kept world stocks under pressure.

Vedanta first-quarter profit misses estimates

(Reuters) - Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, missed analysts estimate for first-quarter profit, as closure of its copper smelter in South India offset higher volumes at its aluminium and oil & gas businesses.

Funds lift U.S. stocks to highest allocation in more than three years

LONDON (Reuters) - Global investors increased their U.S. equity holdings to the highest in more than three years in July, but trade conflict between the United States and China encouraged them to trim their exposure to emerging-markets stocks.

E-tailers' group firms may not influence price of goods, services in any ways: draft ecom policy

Any group company of an online retailer or marketplace may not be allowed to directly or indirectly influence the price or sale of products and services on its platform, a move that could completely restrict e-tailers from giving deep discounts. The recommendation is part of an initial draft circulated among stakeholders for discussion to frame a national e-commerce policy. The draft has also suggested to introduce a pre-set timeframe for offering differential pricing or deep discounts by e-commerce players to customers. The suggestions are part of the strategy to address anti-competitive issues in the e-commerce sector effectively. "The restriction imposed on e-commerce marketplace, to not directly or indirectly influence the price of goods and services, would be extended to group companies of the e-commerce marketplace. "A sunset clause, which defines the maximum duration of differential pricing strategies (such as deep discounts) that are implemented by e-commerce platforms to ...

Turnover on NSE's F&O segment rises

Nifty August futures at premium

Sensex, Nifty at record closing highs; Reliance leads gains

(Reuters) - Indian shares recovered from early losses to hit record closing highs on Tuesday, boosted by gains in Reliance Industries, after the government announced the June-quarter fiscal deficit earlier in the session, while investors focused on the ongoing central bank policy meeting.