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Page 3537 - Business Finance

Samyak International consolidated net profit rises 11.76% in the March 2018 quarter

Sales rise 42.73% to Rs 22.98 crore

Updated On : 14 Jun 2018 | 5:04 PM IST

High Ground Enterprise standalone net profit declines 68.46% in the March 2018 quarter

Sales rise 67.27% to Rs 223.83 crore

Updated On : 14 Jun 2018 | 5:04 PM IST

Niraj Ispat Industries standalone net profit rises 14.81% in the March 2018 quarter

Sales decline 20.67% to Rs 1.42 crore

Updated On : 14 Jun 2018 | 5:04 PM IST

Aspinwall & Company reports standalone net loss of Rs 0.97 crore in the March 2018 quarter

Sales decline 1.64% to Rs 70.87 crore

Updated On : 14 Jun 2018 | 5:04 PM IST

AI Champdany Industries standalone net profit rises 281.82% in the March 2018 quarter

Sales decline 4.43% to Rs 41.85 crore

Updated On : 14 Jun 2018 | 5:04 PM IST

India gold discounts widest in nine months, activity muted elsewhere

MUMBAI/BENGALURU (Reuters) - Gold discounts in India were at their widest in nine months this week as higher domestic prices tempered retail purchases, while buying in other Asian centres remained subdued amid a lack of significant momentum in global prices.

Updated On : 14 Jun 2018 | 4:55 PM IST

Gloves back on, OPEC and U.S. shale producers to deepen ties in Vienna

HOUSTON (Reuters) - Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict.

Updated On : 14 Jun 2018 | 4:55 PM IST

BankBazaar operating revenue grows 91 pc in FY'18

Online financial services marketplace BankBazaar registered 91 per cent jump in operating revenues at Rs 103 crore in 2017-18 and plans to come with IPO in next four years. The operating revenues in 2016-17 stood at Rs 54 crore. Total revenue was up 66 per cent to Rs 118 from Rs 71 crore in 2016-17, the company said in a statement today. "This revenue growth was fuelled largely by an increase in organic (new) visits, which accounted for almost 70 per cent of the total traffic. "BankBazaar is expecting over 400 million visitors in 2018-19. The company has also grown to over 1,800 employees to support this growth. It is also preparing for an IPO in 2020-22 period," BankBazaar said. There was 135 per cent jump in organic transactions which was key growth driver. The company's EBITDA losses as percentage of revenue came down 34 per cent, highlighting the efficiency with which BankBazaar has managed to rein in overall expenses, it said further. In 2017-18, the website traffic more than ...

Updated On : 14 Jun 2018 | 4:55 PM IST

PEs, VCs pump in $3.2 bn investments in May: Report

Private equity and venture capital investments in the country reached USD 3.2 billion in May, helped by 10 large deals of value greater than USD 100 million, according to a report. The the PE/VC investments crossed USD 3 billion in May for the second time this year, after January, consultancy firm EY said in its private equity monthly deal tracker report. However, in volume terms, deals declined by 5 per cent in May this year to 53 deals, against 56 in May last year. "There were 10 deals of value greater than USD 100 million accounting for almost 85 per cent of aggregate deal value (USD 2,746 million) in May 2018, compared to five (USD 2,675 million) in May 2017," the report said. The largest deals in the month included Temasek's USD 761 million investment in Larsen & Toubro's electrical and automation business for 35 per cent stake, and Partners group and Kedaara's buyout of Vishal Mega Mart for USD 734 million. "PE/VC investment activity in the country has continued

Updated On : 14 Jun 2018 | 4:55 PM IST

Abu Dhabi's Etihad Airways posts losses for consecutive year

The United Arab Emirates' flagship carrier Etihad posted losses of USD 1.52 billion in 2017 despite a slight bump in revenue compared to the previous year, the airline said today. Etihad said it faced challenges ranging from significant fuel cost increases to costs associated with equity partners Alitalia and now-defunct Air Berlin. The losses were smaller however compared to the USD 1.95 billion lost in 2016, a figure the airline revised upward from a previously reported USD 1.87 billion. Revenue, meanwhile, inched higher from USD 5.9 billion in 2016 to USD 6.1 billion in 2017. The Abu Dhabi-based airline's second consecutive annual loss comes as the long-haul carrier reduced its aircraft fleet from 119 to 115 last year. Some 18.6 million passengers flew on Etihad in 2017, approximately the same as 2016. The airline flies to 93 destinations, including several cities in the United States. Etihad's losses also come as it re-evaluates its business plans following last year's departure ..