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Page 344 - Business Finance

RMG Alloy Steel reports standalone net loss of Rs 6.94 crore in the March 2019 quarter

Sales decline 22.06% to Rs 79.00 crore

Updated On : 16 May 2019 | 3:51 PM IST

Kartik Investments Trust reports standalone net loss of Rs 0.01 crore in the March 2019 quarter

Reported sales nil

Updated On : 16 May 2019 | 3:51 PM IST

T T reports standalone net loss of Rs 0.59 crore in the March 2019 quarter

Sales decline 7.94% to Rs 115.48 crore

Updated On : 16 May 2019 | 3:50 PM IST

Pearl Polymers standalone net profit rises 279.41% in the March 2019 quarter

Sales decline 6.21% to Rs 44.29 crore

Updated On : 16 May 2019 | 3:50 PM IST

Bajaj Finance Q4 net profit surges 50 pc to Rs 1,114 cr

Bajaj Finance Thursday reported a 50 per cent jump in its standalone net profit at Rs 1,114 crore for the last quarter of the fiscal ended March 2019. The company had registered a net profit of Rs 743 crore in the corresponding quarter a year ago. Total income during January-March quarter of 2018-19 rose to Rs 4,887.76 crore from Rs 3,424.99 crore in the year-ago period, the company said in a regulatory filing. For the fiscal year ended March 2019, the net profit rose to Rs 3,890 crore as compared with Rs 2,485 crore in 2017-18. The company's board has recommended a dividend of Rs 6 per equity share or 300 per cent of face value of Rs 2. Gross non-performing assets (NPAs) and net NPAs stood at 1.54 per cent and 0.63 per cent, respectively, at the end of March 2019.

Updated On : 16 May 2019 | 3:46 PM IST

Gold prices rise by Rs 70 on jewellers' buying

Gold prices Thursday rose by Rs 70 to Rs 33,330 per 10 gram in the national capital on the back of fresh buying from jewellers, according to the All India Sarafa Association. Tracking gold, silver also gained by Rs 50 to Rs 38,250 per kg on more offtake by industrial units and coin makers. Traders said gold prices saw an uptrend due to rise in domestic demand. However, a weak trend overseas capped the gains. Globally, spot gold was trading lower at USD 1,295.70 an ounce, while silver was down at USD 14.85 an ounce in New York. In the national capital, gold of 99.9 per cent and 99.5 per cent purity gained by Rs 70 each to Rs 33,330 and Rs 33,160 per 10 gram, respectively. Sovereign gold, however held steady at Rs 26,500 per eight gram. Meanwhile, silver ready advanced by Rs 50 to Rs 38,250 per kg, while weekly-based delivery was up by Rs 14 to Rs 37,524 per kg. Silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

Updated On : 16 May 2019 | 3:41 PM IST

Turmeric futures rise 2.29% on spot demand

Turmeric prices soared 2.29 per cent to Rs 7,248 per quintal in futures trade Thursday as participants built up fresh positions on the back of pick-up in domestic and export demand. On the National Commodity and Derivatives Exchange, turmeric for delivery in July rose by Rs 161, or 2.29 per cent, to Rs 7,248 per quintal with an open interest of 5,130 lots. Turmeric for delivery in August surged by Rs 238, or 3.3 per cent, to Rs 7,452 per quintal in an open interest of 2,485 lots. Marketmen said fresh positions created by participants, following upsurge in domestic as well as export demand, led to the increase in turmeric prices at futures trade here.

Updated On : 16 May 2019 | 3:36 PM IST

'OYO Lite' app launched for Android users globally

India's largest hotel chain OYO on Thursday announced the global launch of a lighter version of its app -- "Oyo Lite" -- for the Android users.

Updated On : 16 May 2019 | 3:31 PM IST

Chana futures climb 2.23% on strong spot demand

Chana prices shot up by 2.23 per cent to Rs 4,627 per quintal in futures trade Thursday as speculators built up fresh positions, supported by uptick in demand from dal mills at spot markets. On the National Commodity and Derivatives Exchange, chana for delivery in June was trading higher by Rs 101, or 2.23 per cent, at Rs 4,627 per quintal with an open interest of 4,627 lots. Chana to be delivered in July also traded higher by Rs 98, or 2.14 per cent, at Rs 4,671 per quintal in 51,560 lots. Speculative positions created by participants due to a firm trend at the spot markets on the back of strong demand from dal mills led to the rise in chana prices, analysts said.

Updated On : 16 May 2019 | 3:26 PM IST

'Realme 5G phones to be ready before India starts services'

Smartphone maker Realme has said that it will be ready with its 5G devices before telecom operators in India start offering the fifth generation network services.

Updated On : 16 May 2019 | 3:21 PM IST

Pennar Industries Receives NCLT Approval to Merge PEBS Pennar and Pennar Enviro With Itself

/ -- Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company announced that it has received approval from National Company Law Tribunal (NCLT) to merge its subsidiaries Pennar Engineered Building Systems Limited (PEBS Pennar) and Pennar Enviro Limited (PEL) with itself. As per the approved scheme, shareholders of PEBS Pennar will get 23 shares of Pennar Industries for 13 shares held and shareholders of Pennar Enviro will get one share of Pennar Industries for every one share held. The NCLT approval has approved the appointed date of the scheme (effective date) to be April 1, 2018. Commenting on the approval, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries, said, "The merger is expected to create a leaner group structure, result in better synergies and optimisation of costs and improved fund utilisation. It will also result in PIL having a better capital structure, pooled resources and synchronised growth plans. This will

Updated On : 16 May 2019 | 3:21 PM IST