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Page 3588 - Business Finance

Lakme Fashion Week to host Winter/Festive edition in August

The Lakme Fashion Week, an important event in the city's style calendar, is returning with its Winter/Festive edition from August 22 to 26. The 38th season, slated to take place at St Regis hotel here, will provide a platform to new talent while also showcasing the best from the veterans of fashion industry in India. "Lakme Fashion Week has always brought together the best of both beauty and fashion. Winter/Festive 2018 will showcase the latest trends and concepts in fashion and beauty," said Ashwath Swaminathan, Head of Innovations at Lakme said. Jaspreet Chandok, Head-Fashion, IMG Reliance Ltd said the upcoming season of the fashion week will "bring forth new fashion ideas, along with a focus towards making the platform more inclusive, sustainable and global in its outlook.

Updated On : 11 Jun 2018 | 7:30 PM IST

New launches, robust demand push May passenger car sales up 20%

New models coupled with higher disposable income accelerated the pick-up of domestic passenger cars' sales by 19.64 per cent in May.

Updated On : 11 Jun 2018 | 7:25 PM IST

RBI turns net seller of US dollar in April

After remaining net buyer of the US dollars for past many months, the Reserve Bank of India (RBI) became net seller in April, after it sold USD 2.483 billion of the US currency in the spot market, according to its data. During the reporting month, the apex bank bought USD 5.536 billion of dollars from the spot market, while it sold USD 8.019 billion. In April 2017, RBI was net buyer of the US currency as it had bought USD 1.751 billion and sold USD 1.185 billion in the spot market. In March this year, it was net seller as it had purchased USD 3.328 billion, and sold USD 2.332 billion. RBI has always said that its intervention in the foreign exchange market to curb volatility in the rupee and not to target a level of the domestic currency. In FY18, the apex had net purchased USD 33.689 billion from the spot market. It had bought USD 52.068 billion from the spot market, while selling USD 18,379 billion. In FY17, RBI had bought USD 12.351 billion of dollars on a net ...

Updated On : 11 Jun 2018 | 7:15 PM IST

Treasury operation goes online in Haryana

All treasury operations in Haryana have become online under an integrated financial management system (IFMS) implemented by the state government. Stating this here today, a spokesman of the finance department said all types of state receipts and payments were being done through 'e-gras' and 'e-billing' under IFMS. Till date 2.28 crore receipt transactions involving an amount Rs 1.95 lakh crore and 91.02 lakh payment transactions involving payments of Rs 3.43 lakh crore have been done through electronic mode, he said. Salaries were paid to employees on time and there was no delay whatsoever on account of technical issues in the computers in the treasury, he said. He said the state was in the process of making on-line systems more robust. There was no delay in making payments of salary to government employees, he said. As on date salary of May 2018 amounting to Rs 1269.56 crore had been released to 2.64 lakh employees, he said.

Updated On : 11 Jun 2018 | 7:10 PM IST

Rupee recuperates 8 paise to 67.42 a dollar

Snapping two consecutive sessions of decline, the rupee today staged a recovery to close 8 paise higher at 67.42 against the US currency on fresh bouts of dollar selling by exporters and corporates. Weakness in US dollar amidst slight reversal in US treasury yields also helped the domestic currency recoup some losses. The Indian currency had ended at a fresh one-week low of 67.50 last week due to hardening worries over rising global crude prices and sustained capital outflows. Gains in most Asian peers ahead of the crucial meeting tomorrow between the US President Donald Trump and North Korean leader Kim Jong Un also weighed on the trade, even as investors cautiously await policy decisions from three major central banks this week. The rupee touched a high of 67.28 in early trade before giving back some gains. Though, the overall forex mood remained cautiously ahead of the key central banks monetary policy decisions particularly the Federal Open Market Committee (FOMC). The Fed is set .

Updated On : 11 Jun 2018 | 7:05 PM IST

CLIO Infotech reports standalone net loss of Rs 0.02 crore in the March 2018 quarter

Sales decline 33.33% to Rs 0.02 crore

Updated On : 11 Jun 2018 | 7:05 PM IST

Rungta Irrigation standalone net profit rises 13.66% in the March 2018 quarter

Sales rise 17.79% to Rs 23.50 crore

Updated On : 11 Jun 2018 | 7:05 PM IST

Garg Furnace reports standalone net profit of Rs 4.27 crore in the March 2018 quarter

Sales rise 38.82% to Rs 23.53 crore

Updated On : 11 Jun 2018 | 7:05 PM IST