Page 315 - Business Finance
Dr Reddys Laboratories Ltd leads losers in 'A' group
Jubilant Life Sciences Ltd, Zee Entertainment Enterprises Ltd, Cox & Kings Ltd and Larsen & Toubro Infotech Ltd are among the other losers in the BSE's 'A' group today, 20 May 2019.
FSSAI allows small organic growers to sell produce without certification till 2020
Food safety regulator FSSAI has permitted small organic producers, having an annual turnover of over Rs 12 lakh, to sell their produce directly to end consumers without certification till April 2020, but will not be able to use 'Jaivik Bharat logo' on their products, a latest report says. The Jaivik Bharat logo is an identity mark to distinguish organic products from non-organic ones. A similar relaxation has been given to 'aggregators' having an annual turnover of Rs 50 lakh. However, the organic food retail firms have to comply with the certification norm. Under the 2017 organic regulation, sale of organic produce directly to end consumer has been allowed only with the certification of the National Program for Organic Production (NPOP) and Participatory Guarantee System (PGS) India. In its latest order, the Food Safety and Standards Authority (FSSAI) said the norms were relaxed after it examined several representations regarding challenges faced in the implementation of regulations .
From Maharaja's to Millennials: Young consumers influence Platinum Jewellery's growth
Platinum's natural white lustre and legendary grip on the world's most precious gems has ensured its position as the precious metal of choice for fine jewellery from the moment King Louis XVI of France declared it "the only metal fit for kings".These timeless qualities, together with the allure of a metal that is thirty times rarer than gold, continue to drive aspiration for the precious metal perceived by today's jewellery customers as the highest value metal for jewellery. Today Platinum Guild International (PGI) released the 2019 Platinum Jewellery Business Review (PJBR) revealing the aspiration for platinum among today's consumers, and the jewellery industry's efforts to satisfy consumers' timeless quest for jewellery that captures the most meaningful moments, with a particular focus on men's jewellery, young consumers and self-purchase.The annual Platinum Jewellery Business Review surveys over 1,000 manufacturers and retailers, in addition to over 1,000 consumers to provide the ..
Darwin Group confident of winning bid for Jet Airways
Darwin Platform Group of Companies, which recently shot into prominence for its interest in taking stakes in Jet Airways with infusion of Rs 14,000 crore, has geared up to foray into the Indian aviation sector."We are a debt-free company," said its Chairman Ajay Harinath Singh. "Darwin Group is all set to expand its wings into several sectors and given the opportunities in the aviation sector. Darwin Aviation proposes to acquire a considerable stake in Jet Airways.""Our main priority is to save the airline and thousands of employees who are jobless and in pain. I feel sad for thousands of Jet Airways employees and their family members. But soon, I believe Jet Airways will be back in the air," said Singh while talking to ANI.Darwin is operating in several countries and has enough global exposure, he said.Earlier, lenders led by State Bank of India had called for bids to acquire cash strapped and grounded Jet Airways. Among qualified parties, only Etihad Airways submitted a conditional .
Coriander futures dip 0.33 pc on subdued demand
Coriander prices fell 0.33 per cent to Rs 7,552 a quintal in futures market Monday as participants cut down positions amid sluggish domestic as well as export demand. Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment. On the National Commodity and Derivatives Exchange, coriander prices for delivery in June contracts declined by Rs 25, or 0.33 per cent, to Rs 7,552 per quintal with an open interest of 27,430 lots. On similar lines, rates for July contracts was trading at Rs 7,645, down 0.04 per cent, or Rs 31. The open interest of the contract stood at 9,400 lots. Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.
Cottonseed oil cake futures fall 0.54 pc on tepid demand
Cottonseed oil cake prices were down by 0.54 per cent to Rs 2,753.5 per quintal in the futures trade Monday after speculators offloaded their holdings amid weak trend at the physical markets. On the National Commodity and Derivatives Exchange, cottonseed oil cake for July contracts fell by Rs 15, or 0.54 per cent, to Rs 2,753.5 per quintal, with an open interest of 14,090 lots. Cottonseed oil cake for the most-traded August contracts also declined by Rs 2.5, or 0.09 per cent, at Rs 2,784 per quintal with a business turnover of 4,250 open lots.
Turmeric prices rise 0.53 pc on firm demand
Turmeric prices rose 0.53 per cent to Rs 7,228 per quintal in futures trade Monday as participants raised their positions driven by a pick-up in demand at the spot market. On the National Commodity and Derivatives Exchange, turmeric for delivery in July contracts moved up by Rs 38, or 0.53 per cent, to Rs 7,228 per quintal with an open interest of 6,220 lots. Marketmen said, speculative positions created by participants driven by a strong domestic as well as export demand at the spot market mainly attributed the rise in turmeric prices.
Vidli Restaurants standalone net profit rises 1100.00% in the March 2019 quarter
Sales decline 5.22% to Rs 2.18 crore
JTL Infra standalone net profit rises 21.37% in the March 2019 quarter
Sales rise 11.57% to Rs 70.39 crore
Kalyani Investment Company standalone net profit declines 24.00% in the March 2019 quarter
Sales rise 170.77% to Rs 1.76 crore
Raj Television Network standalone net profit rises 385.12% in the March 2019 quarter
Sales rise 18.26% to Rs 22.80 crore
Zenotech Laboratories reports standalone net profit of Rs 2.56 crore in the March 2019 quarter
Sales rise 68.23% to Rs 4.66 crore
Moongipa Capital Finance standalone net profit declines 71.43% in the March 2019 quarter
Sales decline 16.67% to Rs 0.15 crore
TCI Industries standalone net profit declines 41.67% in the March 2019 quarter
Sales decline 17.07% to Rs 0.68 crore
Zen Technologies standalone net profit rises 292.75% in the March 2019 quarter
Sales rise 233.86% to Rs 44.67 crore
Premier Explosives standalone net profit rises 14.69% in the March 2019 quarter
Sales decline 29.65% to Rs 58.59 crore
Solitaire Machine Tools standalone net profit declines 28.89% in the March 2019 quarter
Sales rise 16.25% to Rs 5.58 crore
Precision Wires India standalone net profit rises 26.58% in the March 2019 quarter
Sales rise 6.13% to Rs 445.64 crore
Ind Bank Housing reports standalone net profit of Rs 0.25 crore in the March 2019 quarter
Sales rise 210.00% to Rs 0.31 crore
Shree Cement standalone net profit declines 19.61% in the March 2019 quarter
Sales rise 16.85% to Rs 3284.87 crore