Page 345 - Business Finance
Landmark Property Development Company reports standalone net profit of Rs 0.05 crore in the March 2019 quarter
Reported sales nil
Central Bank of India reports standalone net loss of Rs 2477.41 crore in the March 2019 quarter
Total Operating Income decline 2.76% to Rs 5476.82 crore
Magma Fincorp consolidated net profit rises 6.59% in the March 2019 quarter
Sales rise 5.94% to Rs 620.03 crore
Domestic visi-coolers to challenge Coke, Pepsi in TN
The two major trader associations in Tamil Nadu have again announced a war against multinational company (MNC)-made colas like Coke and Pepsi by deciding not to stock these and other such products of MNCs, a top association official said on Thursday.
Spot demand lifts aluminium futures by 0.36 pc
Aluminium prices edged up by 0.36 per cent to Rs 151.30 per kg in futures market Thursday after speculators built up fresh positions amid an uptick in demand at the spot market. On the Multi commodity Exchange (MCX), aluminium for delivery in current month edged higher by 55 paise, or 0.36 per cent, to Rs 151.30 per kg in a business turnover of 1,656 lots. Analysts said fresh positions created by traders after demand from consuming industries picked up in the physical market, mainly led to the rise in aluminium prices in the futures trade.
Our growth strategy remains unchanged: IndiGo CEO after reported disagreement between promoters
The growth strategy of IndiGo remains unchanged and the airline's management has full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday. The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between the airline's two promoters - Rahul Bhatia and Rakesh Gangwal. InterGlobe Aviation owns and manages IndiGo airline, which has around 44 per cent share in the domestic passenger market. "I want to assure you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the Board to implement it," Dutta said in the email. "I am sure you are all aware of the press reports regarding alleged disagreements between our two promoters Rahul Bhatia and Rakesh Gangwal," he added. The CEO said the company would continue its focus on creating value for all shareholders, ...
Coriander futures rise 1.75% on spot demand
Coriander prices rose 1.75 per cent to Rs 7,606 per quintal in futures market Thursday on rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions weighed on coriander futures. On the National Commodity and Derivatives Exchange, coriander for June contracts edged higher by Rs 131, or 1.75 per cent, to Rs 7,606 per quintal with an open interest of 28,240 lots. Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position. On similar lines, the delivery for May was trading higher by Rs 155, or 2.05 per cent, to Rs 7,708 per quintal with an open interest of 8,150 lots.
Interglobe Aviation Ltd leads losers in 'A' group
Central Bank of India, Max India Ltd, Vodafone Idea Ltd and Yes Bank Ltd are among the other losers in the BSE's 'A' group today, 16 May 2019.
Cadila Healthcare Ltd plummets nearly 4%
Cadila Healthcare Ltd is quoting at Rs 250.2, down 3.94% on the day as on 13:24 IST on the NSE. The stock tumbled 35.34% in last one year as compared to a 4.63% rally in NIFTY and a 0.95% spurt in the Nifty Pharma index.
Jagran Prakashan Ltd extends losses
Jagran Prakashan Ltd is quoting at Rs 106.5, down 0.14% on the day as on 13:23 IST on the NSE. The stock tumbled 5.25% in last one year as compared to a 4.63% rally in NIFTY and a 35.78% spurt in the Nifty Media index.
Castor seed prices up by Rs 82 on firm bets
Castor seed prices rose by Rs 82 to Rs 5,918 per quintal in futures trade Thursday as investors widened their bets amid firm trends. Apart from rising demand from consuming industries, short position of stocks in the spot markets led to the rise in castor seed futures, analysts said. On the National Commodity and Derivatives Exchange, castor seed contracts for June were trading higher by Rs 82, or 1.41 per cent, at Rs 5,918 per quintal with an open interest of 2,44,635 lots. Castor seed contracts for July rose by Rs 76, or 1.28 per cent, to Rs 6,018 per quintal with an open interest of 49,725 lots.
Simplilearn Aims to Double its Revenues to INR 500 Crores by 2021
/ -- Simplilearn, an India-based global ed-tech company and a leading digital skills training provider, today announced its goal is to achieve INR 500 crore in revenue by 2021. The company, as per latest 2017-18 RoC data had recorded revenues of INR 149 crore for the year ending 2017-18 and is currently at the revenue run rate of INR 300 crore. (Logo: http://mma.prnewswire.com/media/535442/Simplilearn_Logo.jpg ) Founded in 2010, Simplilearn has maintained its leadership position in the space of digital skilling solutions for learners, corporates and enterprises. The company has been rapidly growing year-on-year has increased its employee strength from 400 in 2017 to over 1000 in 2019. The company aims to reach INR 500 crore revenues by 2021 at the back of four pillars - International Operations: Over 60% of company's business comes from its international business. There are more than 300,000 learners upskilling via Simplilearn from U.S. and other markets. Simplilearn will continue ..
Nickel futures fall 0.11% on muted spot demand
Nickel prices were down by 0.11 per cent to Rs 855.80 per kg in futures trade Thursday on sluggish demand at the spot market. On the Multi Commodity Exchange, nickel for delivery in current month declined by 90 paise, or 0.11 per cent, to Rs 855.80 per kg, in a business turnover of 10,289 lots. Market analysts said, the fall in nickel prices was mostly due to muted demand from alloy-makers in the domestic spot market.
Arihant Foundations & Housing Ltd leads losers in 'B' group
Mohit Industries Ltd, Rajshree Sugars & Chemicals Ltd, Celebrity Fashions Ltd and Akme Star Housing Finance Ltd are among the other losers in the BSE's 'B' group today, 16 May 2019.
Volumes soar at Zydus Wellness Ltd counter
Zydus Wellness Ltd clocked volume of 1.37 lakh shares by 14:19 IST on NSE, a 16.75 times surge over two-week average daily volume of 8175 shares
Barometers hit fresh intraday high
Key barometers firmed up further and hit fresh intraday high in mid-afternoon trade. At 14:17 IST, the barometer index, the S&P BSE Sensex, was up 175.82 points or 0.47% at 37,290.70. The Nifty 50 index was up 75.25 points or 0.67% at 11,232.25.
Joonktolle Tea & Industries reports standalone net loss of Rs 0.04 crore in the March 2019 quarter
Sales decline 9.28% to Rs 11.34 crore
Rainbow Denim reports standalone net loss of Rs 6.14 crore in the March 2019 quarter
Sales decline 84.53% to Rs 5.85 crore
Pil Italica Lifestyle standalone net profit declines 72.80% in the March 2019 quarter
Sales decline 18.33% to Rs 13.19 crore
Integra Engineering India standalone net profit rises 38.52% in the March 2019 quarter
Sales rise 37.26% to Rs 17.46 crore