Page 3551 - Business Finance
Nitesh Banga quits Infosys, joins GlobalLogic as COO
Nitesh Banga who led the manufacturing business at Infosys has now joined software development company GlobalLogic as Chief Operating Officer.
Rupee drops 16 paise to 67.65 against US dollar
The rupee dropped by 16 paise to close at 67.65/66 against the US dollar at the interbank foreign exchange market here today amid growing expectations of a rate hike by the US Federal Reserve. The pound sterling finished lower at Rs 90.16/18 against 90.31 yesterday. Following are the Interbank forex and RBI rates : (In Rs per unit) Unit Interbank RBI Reference US Dollar 67.65/66 US Dollar Rs 67.6251 Pound Sterling 90.16/18 EURO Rs 79.3919 Euro 79.50/52 Japanese yen (100) 61.
Chinese player HOMTOM to debut in India with 5 smartphones
China-based handset maker HOMTOM on Wednesday announced to enter the Indian mid-price segment with five smartphones starting at Rs 8,000.
ICICI Bank to sell 2% stake in life insurance arm
ICICI Bank today said it will offload 2 per cent stake in its insurance arm ICICI Prudential Life in one or more tranches. Based on insurer's stock closing price of Rs 410.25 on BSE today, the stake sale is estimated to fetch the bank Rs 1,178 crore. "The Board of Directors of the bank today approved the sale of up to 2,87,11,100 shares, representing up to 2 per cent of the issued and the paid-up equity share capital of ICICI Prudential Life Insurance Company in one or more tranches," ICICI Bank said in a BSE filing. The bank said the stake sale can be through any manner including 'offer for sale by promoters through stock exchange mechanism' (OFS). The insurance company is a joint venture between ICICI Bank and the US-based Prudential Corporation Holdings. While ICICI Bank held 54.88 per cent stake in the JV, Prudential's stake was at 25.83 per cent as on March 31, 2018, data on BSE showed. Rest of the equity is held by public and institutional investors. ICICI Prudential Life came ..
Genomic Valley Biotech standalone net profit rises 33.33% in the March 2018 quarter
Sales rise 66.67% to Rs 0.20 crore
Starlit Power Systems reports standalone net loss of Rs 1.58 crore in the March 2018 quarter
Sales rise 738.46% to Rs 3.27 crore
Bharatiya Global Infomedia standalone net profit rises 111.43% in the March 2018 quarter
Sales decline 91.89% to Rs 1.01 crore
Omkar Speciality Chemicals reports standalone net loss of Rs 53.51 crore in the March 2018 quarter
Sales decline 59.38% to Rs 37.19 crore
Ducon Infratechnologies standalone net profit rises 1400.00% in the March 2018 quarter
Sales rise 28.78% to Rs 14.23 crore
RSD Finance reports standalone net loss of Rs 0.54 crore in the March 2018 quarter
Sales rise 52.38% to Rs 0.32 crore
Ayepee Lamitubes reports standalone net loss of Rs 0.56 crore in the March 2018 quarter
Reported sales nil
Lohia Securities reports standalone net loss of Rs 5.29 crore in the March 2018 quarter
Sales decline 43.23% to Rs 16.51 crore
Vedavaag Systems standalone net profit rises 63.05% in the March 2018 quarter
Sales decline 44.53% to Rs 22.87 crore
Intense Technologies standalone net profit rises 180.25% in the March 2018 quarter
Sales rise 17.10% to Rs 20.20 crore
S S Organics reports standalone net loss of Rs 2.26 crore in the March 2018 quarter
Sales rise 206.67% to Rs 5.52 crore
Ortin Laboratories reports standalone net profit of Rs 0.42 crore in the March 2018 quarter
Sales rise 107.85% to Rs 41.55 crore
Asis Logistics reports standalone net loss of Rs 1.24 crore in the March 2018 quarter
Sales decline 72.64% to Rs 1.16 crore
Confidence Finance & Trading reports standalone net loss of Rs 0.07 crore in the March 2018 quarter
Sales decline 51.71% to Rs 0.99 crore
Energy Development Company reports standalone net loss of Rs 3.32 crore in the March 2018 quarter
Sales decline 93.63% to Rs 0.76 crore
Nam Securities reports standalone nil net profit/loss in the March 2018 quarter
Sales rise 2880.39% to Rs 15.20 crore