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Page 364 - Business Finance

Indian Bank reports standalone net loss of Rs 189.77 crore in the March 2019 quarter

Total Operating Income rise 11.29% to Rs 4967.88 crore

Updated On : 14 May 2019 | 4:17 PM IST

Perfectpac standalone net profit rises 20.69% in the March 2019 quarter

Sales rise 1.28% to Rs 19.85 crore

Updated On : 14 May 2019 | 4:17 PM IST

UCO Bank reports standalone net loss of Rs 1552.02 crore in the March 2019 quarter

Total Operating Income rise 12.63% to Rs 3781.81 crore

Updated On : 14 May 2019 | 4:17 PM IST

NILE standalone net profit declines 32.00% in the March 2019 quarter

Sales decline 23.89% to Rs 126.71 crore

Updated On : 14 May 2019 | 4:17 PM IST

Divyashakti Granites standalone net profit declines 69.75% in the March 2019 quarter

Sales decline 13.24% to Rs 12.71 crore

Updated On : 14 May 2019 | 4:16 PM IST

Amrit Corp reports standalone net profit of Rs 3.18 crore in the March 2019 quarter

Sales rise 30.82% to Rs 17.32 crore

Updated On : 14 May 2019 | 4:16 PM IST

Siemens standalone net profit rises 27.58% in the March 2019 quarter

Sales rise 9.43% to Rs 3461.40 crore

Updated On : 14 May 2019 | 4:16 PM IST

NAA finds distributor guilty of profiteering under GST, orders probe against VIP Industries

The anti-profiteering authority has found a distributor of backpack and trolley guilty of not passing GST rate cut benefits of Rs 18,887 to consumers and has also asked the investigation arm to probe whether its manufacturer VIP Industries has made any undue profit. The order of the National Anti-Profiteering Authority (NAA) was passed against Kerala-based VTWO Ventures with regard to sale of 'Tropic 45 Weekender Black' (Backpack) and 'Neolite Strolly' (Trolley), following investigation of its books by the Directorate General of Anti-Profiteering (DGAP) for the period between November 15, 2017, and August 31, 2018. VIP Industries manufactures 'Tropic 45 Weekender Black' and 'Neolite Strolly'. The DGAP in its investigation has found that despite reduction in GST rate from 28 per cent to 18 per cent, the distributor (VTWO Ventures) did not reduce the sale price of the products on the pretext that the he has been following the pricing structure of the manufacturer and that his ...

Updated On : 14 May 2019 | 4:16 PM IST

Nissan profits hit 'rock bottom' as Ghosn weighs

Crisis-hit Japanese car company Nissan on Tuesday unveiled net profits at a near-decade low as it battles to recover after the shock arrest of its talismanic former boss Carlos Ghosn. Net profits for the fiscal year to March 2019 came in at 319 billion yen (USD 2.9 billion), the lowest since 2009/10 when the company was struggling in the wake of the global financial crisis. It was a decline of 57 per cent compared to the previous fiscal year and the profit outlook for the current fiscal year was forecast to be even worse -- at 170 billion yen. "The performance is a challenging one and we want to change this," Chief Executive Officer Hiroto Saikawa told reporters. Tuesday's figures represented a "rock bottom" for the company, he said, adding: "Please give us time to recover." The firm has been crippled by the reputational damage caused by the legal woes of former chairman Ghosn, who faces four formal charges of financial misconduct that he denies. "There are many negative legacies ...

Updated On : 14 May 2019 | 4:06 PM IST