Page 3574 - Business Finance
Patspin India reports standalone net loss of Rs 3.65 crore in the March 2018 quarter
Sales decline 9.17% to Rs 125.72 crore
Millennium Online Solutions (India) standalone net profit rises 40.00% in the March 2018 quarter
Sales decline 61.11% to Rs 0.14 crore
Madhusudan Securities reports standalone net loss of Rs 0.08 crore in the March 2018 quarter
Reported sales nil
Tirupati Industries (India) reports standalone net loss of Rs 0.88 crore in the March 2018 quarter
Sales decline 57.33% to Rs 6.08 crore
Nifty June futures at marginal premium
Turnover on NSE's F&O segment rises
Farewell package for WPP's Sorrell opposed by investor adviser
LONDON (Reuters) - WPP's decision to allow founder Martin Sorrell to leave without losing his future share awards met with opposition on Tuesday as Hermes EOS advised its shareholder clients to oppose the advertising giant's remuneration report.
Now order food on Swiggy in city of nawabs
Online food ordering and delivery platform Swiggy on Tuesday announced its expansion to Lucknow.
MobiKwik appoints Vinayak N to lead its lending business
With MobiKwik planning to create a portfolio of lending solutions in partnership with leading banking institutions and non-banking financial companies (NBFCs), the Indian mobile wallet major on Tuesday announced the appointment of Vinayak N as the head of its lending business.
Tata Steel's joint venture with Thyssenkrupp hits delay
Tata Steel's proposed joint venture with German steel major Thyssenkrupp is likely to be hit by delays as workers and investors questioned the viability of the current business plan. Representatives from the Tata Steel Europe European Works Council (EWC), formed to address issues of transnational interest that significantly affect the Indian steel company's employeesin Europe, said in a statement this week that they remained "unconvinced" and also found Thyssenkrupp's lack of engagement with them "deeply regrettable". "The EWC acknowledges there is an industrial rationale for pursuing this JV, but with the matters outstanding the EWC remains unconvinced that this partnership with Thyssenkrupp would be in the best interests of the TSE (Tata Steel Europe) operations and the employees we represent, the statement notes. "At this stage there are still significant gaps in our knowledge which makes it difficult to reach definitive conclusions. In particular, the financial structure of the ...
Will take decisions to ensure success story of telecom continues: Sinha
Telecom Minister Manoj Sinha today said proactive policies of the government over the last four years have led to a sharp fall in mobile tariffs and a "marked improvement" in the call drop situation, while stressing that the Centre will not hesitate from taking tough decisions to maintain the "success story" of the telecom sector. Sinha also sought to allay apprehensions around job losses in the sector, saying that new opportunities in telecom have spawned new jobs, and termed consolidation in the sector as a global phenomenon. The minister was also quick to rise to the defence of telecom PSUs Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) saying that the two companies are making all-out efforts to improve service quality, despite the "handicap" of not having 4G spectrum in an intensely competitive market. "Telecom sector has been a success story, and we will ensure that this story remains intact. We have taken steps... be it on interest rates or deferred ...
German investor mood at multi-year low on trade, Italy concerns
BERLIN (Reuters) - The mood among German investors has sunk to its lowest in nearly six years, a survey showed, weighed down by a festering trade dispute with the United States and concerns about Italy's commitment to the euro zone.
Vegoils: Malaysian palm oil slides to near two-year low
JAKARTA (Reuters) - Malaysian palm oil futures dropped more than 1 percent to their lowest in nearly two years on Tuesday, weighed down by the government's decision to maintain an export tax for July and due to lacklustre demand.
With rate hike in the bag, focus turns to Fed's policy language
WASHINGTON (Reuters) - With the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the U.S. central bank characterizes its monetary policy as borrowing costs return to more normal levels amid an ongoing economic expansion.
Unitech shares tank 6% as Q4 net loss widens
Shares of Unitech today slumped nearly 6 per cent after the company reported a consolidated net loss of Rs 999.83 crore for the quarter ended March 31, 2018. The stock plunged 5.97 per cent to settle at Rs 4.88 on BSE. During the day, it dived 6.55 per cent to Rs 4.85. At NSE, shares of the company tumbled 5.76 per cent to close at Rs 4.90. In terms of equity volume, 22.25 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day. Crisis-hit realty firm Unitech today reported a consolidated net loss of Rs 999.83 crore for the quarter ended March 31, 2018, despite higher income. The Gurugram-based developer had posted a net loss of Rs 290.19 crore in the year-ago period, according to a regulatory filing. Total income however jumped over two fold to Rs 977.59 crore during January-March, 2017-18 from Rs 480.36 crore in the year-ago quarter.
NSE launches platform to facilitate repo in corporate debt securities
Leading stock exchange NSE today launched 'Tri-Party Repo Market' platform in its debt segment to facilitate repurchase (repo) of corporate debt securities. The platform is a kind of repo contract where a third entity, apart from the borrower and lender, called tri-party agent acts as an intermediary to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction. At the launch of the platform, NSE MD & CEO Vikram Limaye said: "The corporate bond market in India needs improved liquidity because a holder of a corporate bond typically ends up holding the security to maturity." Repo on corporate debt provides opportunity to borrow against the securities and provides short-term liquidity to participants, Limaye said. Availability of tri-party repo can increase demand for corporate bonds and may provide a boost to much needed liquidity in the corporate bond market, he said. Last month, BSE had received approval from ..
Urgent need to raise awareness on illicit products: Ficci
There is an urgent need to increase consumer awareness on illicit products, the surge in which is adversely affecting Indian consumers, industry chamber Ficci said on Tuesday.
Bosch, BMGI enter into a strategic partnership to provide lean transformation expertise in India
Bosch, an automotive component manufacturer and IoT services provider along with BMGI, a global management consulting firm have entered into a strategic partnership to provide lean management services to Indian corporates."We are happy to share Bosch's successful lean production system with Indian corporates and this exclusive long-term partnership with BMGI, a recognized world leader in Lean Six Sigma methodology, is ideal. We are looking forward to conducting many successful programs in the future," said Aravind Miya, Head of Lean, APAC at Bosch India.Anurag Seksaria, Business Head at BMGI, stated that the first five day jointly conducted program on 'Lean Transformation' had been well received with participants from organisations such as Titan, Crown Paints-Kenya, Larson and Toubro, Lewa Nikkiso Middle East FZE etc.The program was conducted on Bosch's manufacturing site at Adugodi in Bangalore to provide participants with real life simulation, they were given the opportunity to use .
Hopes of healthy macro data, global cues lift equity indices
Global cues and expectations of a healthy macro-economic industrial production data aided the key Indian equity indices to provisionally close Tuesday's trade session on a positive note.
EXHICON Group, NSIC foster ease of doing business for 100 MSME's at 'Navi Mumbai Industrial Expo'
Navi Mumbai Industrial Expo, hosted by EXHICON Group, the pioneers in organizing geographic industrial expos ended today amidst high expectations from SME's and MSME's from Navi Mumbai Industrial Hub.Popularly known as Thane-Belapur region, one of the largest industrial regions in India comprises of about 2200 industrial housing large, medium and small enterprises. M. Q. Syed, MD EXHICON group shared, "We are fortunate that we could facilitate representatives from Government and other PSU's to throw light on Ease of Doing business with the Government.We are happy that we could foster government linkages like Vendor Registration with NSIC, E-Procurement, Banking Tie-ups, to the 100 SME's & MSME's who were a part of the trade fair from Navi Mumbai, thus making them a part of mainstream economy."The highlight of the last day of the 1st edition of Navi Mumbai Industrial expo was the Vendor Development Programme, which brought together various government agencies and entrepreneurs ...