Page 3250 - Business Finance
Italy's Mediaset launches takeover bid for masts group EI Towers
MILAN (Reuters) - Italy's biggest commercial broadcaster, Mediaset, has joined forces with infrastructure fund F2i to launch a takeover bid for EI Towers, the companies said on Monday.
Jet Airways places additional orders for 737 MAX aircraft
Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow.
Slide in crude prices buoy equity indices
Slide in global crude oil prices along with expectations of healthy quarterly results buoyed key indices of the Indian equity market during the afternoon trade session on Tuesday.
Guar seed futures succumb to selling pressure
Guar seed prices came down by Rs 112.50 to Rs 4,010 per quintal in futures trade as selling took place at previous levels by speculators, taking weak cues from the spot markets. At the National Commodity and Derivatives Exchange, guar seed delivery for this month dipped by Rs 112.50, or 2.73 per cent, to Rs 4,010 per quintal, in an open interest of 290 lots. Likewise, the contracts for October plummeted by Rs 65, or 1.54 per cent, to Rs 4,151 per quintal, with an open interest of 1,01,460 lots. Marketmen said, trimming of positions by participants in tandem with a weak trend at the physical markets, influenced the guar seed futures prices.
Federal Bank Q1 profit rises 25 pc to Rs 263 cr
Private sector lender Federal Bank today registered a 25 per cent increase in its net profit at Rs 262.71 crore for first quarter of the current fiscal despite rise in bad loans. The bank's net profit in the corresponding three months to June in 2017-18 stood at Rs 210.15 crore. Total income of the bank increased to Rs 2,938.24 crore for the quarter, against Rs 2,653.19 crore in the year ago period, the bank said in a regulatory filing. It earned Rs 2,667.38 crore as interest income in the June quarter of this fiscal, up from Rs 2,324.09 crore a year ago. During the quarter, the asset quality of bank deteriorated with gross non-performing assets (NPAs) rising to 3.42 per cent from 2.42 per cent as on June 30, 2017. Likewise, net NPAs also increased to 1.72 per cent as compared to 1.39 per cent in the same quarter a year ago. However, provisioning for bad loans and contingencies declined to Rs 199.15 crore for April-June quarter from Rs 236.44 crore a year ago. "The bank has made ...
Goldman Sachs expects volatile oil market, prices between $70 and $80 per barrel
(Reuters) - Investment bank Goldman Sachs expects volatile oil prices in the short-term on the back of uncertainty over possible disruptions to supply, with benchmark Brent crude in a $70-80 per barrel range.
Electricity investments surpass oil, gas for second year running: IEA
LONDON (Reuters) - Global electricity investments exceeded those in oil and gas for the second year running in 2017 due to more spending on grids but renewable energy investment fell after years of growth, the International Energy Agency said on Tuesday.
Input Cost Inflation Anticipated To Intensify According To IHS Markit Business Outlook Survey
The latest IHS Markit Business Outlook survey shows that business sentiment regarding future activity in India is unchanged from the previous survey period in June and below the BRIC average. However, private sector companies project faster increases in new business, business revenues, capex and profitability in the year ahead. At the same time, inflation expectations are at the joint - highest since October 2016.
HUL drops on profit booking after Q1 result
Hindustan Unilever lost 3.53% to Rs 1,691.55 at 12:45 IST on BSE on profit booking after the company declared good Q1 June 2018 result after market hours yesterday, 16 July 2018.
Sintex Plastics Technology consolidated net profit declines 46.81% in the June 2018 quarter
Sales decline 12.18% to Rs 1325.21 crore
Jay Bharat Maruti standalone net profit rises 32.81% in the June 2018 quarter
Sales rise 34.10% to Rs 505.93 crore
Sintex Plastics Technology standalone net profit declines 62.14% in the June 2018 quarter
Reported sales nil
TRC Financial Services reports standalone net loss of Rs 0.07 crore in the June 2018 quarter
Sales reported at Rs 0.01 crore
Federal Bank first-quarter profit jumps 25 percent, beats estimates
(Reuters) - Federal Bank Ltd posted a 25 percent jump in its first-quarter profit on Tuesday, helped by higher interest income.
India GDP To Grow By 7.4% In 2018-19 Says OECD
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Qatar Airways adapts to regional political dispute, may avoid making a loss
FARNBOROUGH, England (Reuters) - Qatar Airways' chief executive said the airline was adapting to a regional political dispute that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
Oil prices fall for second day on oversupply concerns
TOKYO (Reuters) - Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Sino-U.S. trade spat.
Guar gum futures slide on profit-booking, negative spot cues
Guar gum prices went down by Rs 233 to Rs 8,885 per quintal in futures trade today as investors indulged in offloading holdings, tracking a weak trend at the physical markets. Marketmen said cutting down of position by participants in-line with a subdued scenario at the spot markets due to slackness in export demand, mainly attributed the fall in guar gum prices at futures market here. At the National Commodity and Derivatives Exchange, guar gum to be delivered in November plunged by Rs 233, or 2.56 per cent, to Rs 8,885 per quintal, having an open interest of 425 lots. Also, the October delivery slipped by Rs 130, or 1.46 per cent, to Rs 8,780 per quintal, showing a business turnover of 56,105 open lots.
Mustard seed futures fall Rs 28 per quintal
Mustard seed prices were trading lower by Rs 28 to Rs 4,072 per quintal in futures trade today as traders opted to book profits amidst weak physical markets. Marketmen said profit-booking at current levels by participants mainly pulled down mustard seed prices at futures trade here. At the National Commodity and Derivatives Exchange, mustard seed for delivery in current month moved down by Rs 28, or 0.68 per cent, to Rs 4,072 per quintal, with an open interest of 2,620 lots. Mustard seed for delivery in August too eased by Rs 7, or 0.17 per cent, to Rs 4,095 per quintal, clocking an open interest of 1,33,100 lots.