Page 362 - Business Finance

Jindal Hotels standalone net profit declines 31.87% in the March 2019 quarter

Sales rise 6.94% to Rs 10.78 crore

Nestle India standalone net profit rises 9.26% in the March 2019 quarter

Sales rise 8.97% to Rs 2982.39 crore

Gateway Distriparks consolidated net profit rises 837.98% in the March 2019 quarter

Sales rise 17.39% to Rs 119.94 crore

Dalmia Bharat Group Commissions India's Most Advanced Monolithic Refractory Production Line in Katni (MP) India

/ -- Dalmia Seven (a JV between the Dalmia Bharat Group and Seven Refractories of Europe) and part of the Group's refractory business, today announced the launch of a new Monolithics production line at its 7 acres facility in Katni, Madhya Pradesh. Dalmia Seven is a leading supplier of monolithics in India. The new production line is the 'first-of-its-kind' in India and equipped to manufacture a wide range of advanced monolithic refractories. With an enhanced capacity of 45000 MT per annum, the expansion will help meet the rising demand of high grade refractory products from Iron & Steel and Cement producers in India. (Logo: https://mma.prnewswire.com/media/886754/Dalmia_Bharat_Group.jpg ) The production line features high level of automation which enables precision dosing of several raw materials for efficient production of high-grade refractory. The line allows for faster production cycles with minimal human intervention making it the most advanced monolithics refractory ...

Gloster standalone net profit declines 49.39% in the March 2019 quarter

Sales rise 13.18% to Rs 132.72 crore

Sam Industries reports standalone net loss of Rs 0.03 crore in the March 2019 quarter

Sales decline 22.74% to Rs 2.14 crore

Bhagiradha Chemicals & Industries reports standalone net profit of Rs 6.43 crore in the March 2019 quarter

Sales rise 158.72% to Rs 116.32 crore

Hindustan Oil Exploration Company standalone net profit rises 191.55% in the March 2019 quarter

Sales rise 207.45% to Rs 71.42 crore

Sharda Cropchem consolidated net profit declines 6.72% in the March 2019 quarter

Sales decline 0.20% to Rs 764.36 crore

Crest Ventures consolidated net profit declines 8.80% in the March 2019 quarter

Sales rise 28.36% to Rs 13.67 crore

Sequent Scientific consolidated net profit declines 95.72% in the March 2019 quarter

Sales rise 21.11% to Rs 281.90 crore

Jet saga: CEO, CFO resign as airline revival hopes fade

Grounded Jet Airways' Chief Executive (CEO) Vinay Dube has become the latest senior executive to leave the company, further damaging hopes of the airline's revival.

Samsung India sells 5 mn Galaxy A phones in 70 days

Sending a strong message to its Chinese rivals, Samsung on Tuesday said it sold record number (five million) of Galaxy A series phones in just 70 days, starting March 1, achieving $1 billion revenue.

Vodafone's annual loss at 7.6 bn euros, cites loss on disposal of Indian assets post merger

British telecom giant Vodafone Tuesday reported losses of 7.6 billion euros (USD 8.5 billion) during the fiscal ended March 2019, for which it partly blamed loss incurred on 'disposal' of Vodafone India post merger with Idea Cellular, and other impairments. "The loss for the financial year of 7.6 billion euros was primarily due to a loss on disposal of Vodafone India (following the completion of the merger with Idea Cellular) and impairments, as announced in November," the company said in its results statement. Vodafone had posted profit of about 2.78 billion euros (USD 3.14 billion) in the year ended March 2018. The company pointed out that the Group's statutory results for the year ended March 31, 2019 are based on different accounting standards than that of previous financial year "with any comparison between the two bases of reporting not being meaningful". "The loss for the financial year of 7.6 billion euros reflects these impairments, a loss on disposal of Vodafone India of 3.4

Taboola opens new India office, 4th global support center

Content discovery platform Taboola Tuesday announced its expansion in the country with opening of a new office in the national capital region and fourth global support center in India. Taboola announced opening of a new office at Cyber City in Gurugram, a new sales center in Mumbai, and actively hiring 80 employees to support the company's operations in India and globally. "The expansion follows the signing and renewing of partnership agreements with most of India's top publishers including The Indian Express, The Hindu, Zee Media, NDTV, India Today Group, Times Now, MSN, India TV, ABP and Dinamalar," the company said. Taboola now has a monthly reach of 12 million unique views in Delhi, 7.3 million in Mumbai and 8.7 million in Bengaluru, it said. "We are confident that expanding our teams on the ground here will foster the strong relationships we have built with powerful publications in India over the past two years and will continue long into the future helping drive their ...

China Market falls as trade war escalates

Selling has intensified for local shares on Tuesday with the escalation of US-China trade tensions. China announced Monday that it will raise tariffs on $60 billion worth of U.S. goods, beginning on June 1. The goods targeted include a broad range of agricultural products. Last week, U.S. President Donald Trump raised duties on $200 billion in Chinese goods to 25% from 10%.

India Yamaha Motor achieves 10 million production milestone

India Yamaha Motor achieves 10 million production milestone

Edelweiss Financial Q4 profit falls 3.3 pc to Rs 232 cr; FY19 net up 15 pc

Edelweiss Financial Services Tuesday reported a decline of 3.3 per cent in its consolidated net profit to Rs 232 crore in the fourth quarter of the fiscal ended March 2019. The company had posted a net profit of Rs 240 crore during the corresponding January-March quarter of 2017-18. Its total revenue during the March quarter of 2018-19, however, went up by 14 per cent to Rs 2,942 crore as against Rs 2,586 crore in the same quarter of 2017-18, it said in a regulatory filing. For the full year 2018-19, the company's net profit grew 15 per cent to Rs 995 crore as against Rs 863 crore a year ago. Total revenue during the fiscal was up by 22 per cent to Rs 10,886 crore from Rs 8,920 crore in fiscal ended March 2018. "We have remained resilient in the tough market conditions due to the sheer strength of our diversified business model which helped us post steady profits in FY19 despite a flat balance sheet. We continue to focus on strengthening the balance sheet through raising equity as ...

UK unemployment rate hits 45-year low

British unemployment has fallen to a 45-year low, official data showed Tuesday, with the economy holding up despite prolonged Brexit uncertainty. The unemployment rate eased to 3.8 per cent in the three months to March -- the lowest level since the final quarter of 1974, the Office for National Statistics (ONS) said in a statement. That compared with a 44-year low of 3.9 per cent in the quarter to February. "The UK labour market has been remarkably resilient in the face of Brexit-related uncertainty," Hargreaves Lansdown senior economist Ben Brettell said in reaction to the latest data. "These are really strong numbers given the headwinds the economy is currently facing." The ONS added that the UK employment rate was estimated at 76.1 percent, which was the joint-highest figure on record. However the strong jobs figures were not necessarily translating into higher productivity, analysts noted. "There are valid concerns that UK firms are hoarding labour instead of much-needed capital ..

Now, Jet Airways CEO Vinay Dube quits

Jet Airways Tuesday said its CEO Vinay Dube has resigned from the company due to personal reasons. This is the second high profile exit in as many days at the grounded Jet Airways after Deputy CEO Amit Agarwal put in his papers on Monday. In a filing to stock exchanges, the airline said Dube has "resigned from the services of the company with immediate effect due to personal reasons".