Page 368 - Business Finance
WPI inflation slips to 3.07 pc in April, food prices still high
Wholesale price-based inflation slipped to 3.07 per cent in April on cheaper fuel and manufactured items, even as prices of food articles remained high, according to an official data released Tuesday. The Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018. Inflation in food articles hardened with steep rise in prices of vegetables during April. Vegetables inflation was at 40.65 per cent in April, up from 28.13 per cent in the previous month. Inflation in food articles basket was 7.37 per cent, up from 5.68 per cent in the previous month. Inflation in 'fuel and power' category cooled to 3.84 per cent, from 5.41 per cent in March. Manufactured items too saw easing of prices with inflation at 1.72 per cent in April, against 2.16 per cent in March. The Reserve Bank, which mainly factors in retail inflation for monetary policy decision, had last month cut interest rate by 0.25 percentage points. Retail inflation inched up to a ...
Market turns range bound
The market was trading in a narrow range in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was down 32.01 points or 0.09% at 37,058.81. The Nifty 50 index was down 11.90 points or 0.11% at 11,136.30.
SRF enters into definitive agreement to sell its Engineering Plastics Business to DSM
The company's Engineering Plastics Business manufactures multiple grades of engineering plastic compounds, catering to the automotive and electrical industries.
Delta Corp Ltd leads gainers in 'A' group
Manappuram Finance Ltd, IRB Infrastructure Developers Ltd, Adani Power Ltd and Bharat Heavy Electricals Ltd are among the other gainers in the BSE's 'A' group today, 14 May 2019.
CCL Products (India) drops after poor Q4 result
CCL Products (India) lost 3.84% to Rs 260.40 at 11:41 IST on BSE after consolidated net profit fell 24.56% to Rs 35.64 crore on 18.31% fall in net sales to Rs 262.13 crore in Q4 March 2019 over Q4 March 2018.
Jhandewalas Foods introduces new products
On 13 May 2019
Markets range-bound over weak global cues
Key equity indices opened marginally higher but turned range-bound on Tuesday over weak global cues and increasing nervousness owing to the ongoing general elections.
Indian Bank Employees Share Purchase Scheme (IndBank - ESPS)
Powered by Capital Market - Live News
Jet Airways' CFO Amit Agarwal resigns from the board
Debt-laden and grounded Jet Airways' Chief Financial Officer and Deputy Chief Executive Officer Amit Agarwal has resigned from his positions, the company said on Tuesday.Agarwal resigned due to personal reasons and his resignation is with effect from Monday, the airline said in a statement.Jet Airways stopped its operations on April 17. It is under the management control of State Bank of India-led consortium of lenders following a debt-restructuring plan.Several top executives and board members have quit the airline. Former Chief Election Commissioner Nasim Zaidi resigned from his position as Non-Executive and Non-Independent Director on the airline's board citing personal reasons and time constraints.Independent Director Rajshree Pathy and top executive Gaurang Shetty have also quit the board.Jet Airways Chairman Naresh Goyal and his wife Anita, who held 51 per cent of the equity, resigned from the board on March 25 and transferred control to the lenders.Jet has been suffering ...
Future Supply Chain Solutions allots equity shares
Of Rs 10/- each
Volumes jump at Take Solutions Ltd counter
Take Solutions Ltd witnessed volume of 1.17 lakh shares by 10:49 IST on BSE, a 11.4 times surge over two-week average daily volume of 10276 shares
Karnataka Bank appoints CFO & CRO
W.e.f. 13 May 2019
Positive sentiments continue for manufacturing in Q4FY2019: FICCI Survey
Capacity Utilization rises first time in last many quarters from 75% to 80%, rising cost of production still a concern for Manufacturers
CPI inflation rises marginally to 2.92% in April 2019
Core CPI inflation eases to 4.55% in April 2019
Benchmarks trade with small losses
Key equity indices were trading in a narrow range with small losses in morning trade. At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 35 points or 0.09% at 37,055.82. The Nifty 50 index was down 20.95 points or 0.19% at 11,127.25. The undertone of the market was weak as the trade war between the United States and China escalated.
Jet CFO, Deputy CEO Amit Agarwal quits
Grounded Jet Airways continues to lose its senior executives dashing hopes of the airline's revival.
Volatility continues in stocks markets, Nifty hovers below 11,200
Equity benchmark indices slipped into the negative zone during morning trade on Tuesday following subdues in Asian markets.Sectoral indices at the National Stock Exchange were mixed with banking, pharma and metal trading in the green. But auto, FMCG, IT and realty were in the red.At 10:15 am, the BSE S & P Sensex was down 42 points at 37,049 while the Nifty 50 slipped 19 points to 11,129.Jet Airways slipped further to Rs 123.70 per share, down over 11 per cent, after its Deputy Chief Executive and Chief Financial Officer Amit Agarwal resigned.Tech Mahindra, HCL Tech, HDFC, Tata Steel and Zee Entertainment were among other prominent losers. However, Sun Pharma, Vedanta, Adani Ports, ICICI Bank and Yes Bank showed marginal gains.Meanwhile, Asian shares deepened losses with deterioration in US-China trade tariff war.On Monday, China said it would impose higher tariffs on 60 billion dollars worth of US goods following Washington's decision last week to hike its levies on 200 billion ..
INOX Leisure Scripts History With Exceptional Results
/ -- INOX Leisure scripts history with exceptional results Highlights for FY ended on 31st March 2019 Total revenues from operations rise 26% to Rs. 1692 Crores. EBITDA grows 47% to Rs.309 Crores Operational PAT grows 112% to Rs. 129 Crores excluding tax write back Record addition of 85 screens in a single FY - an industry record - takes count to 574 screens at 139 units as on 31st March 2019 Presence expands to 67 cities in India New technology additions - Samsung Onyx and MX4D New format addition - BigPix, INOX's home-grown large screen format Spends Per Head show 11% growth on a yearly basis. Highlights for Q4FY19 ended on 31st March 2019 Highest-ever quarterly revenue from operations at Rs.479Crores - up by 48% Y-o-Y Highest-ever quarterly EBITDA - jumps 122% Y-o-Y PAT up by 992% excluding tax write back Impressive 29 % growth in advertising revenues on a Y-o-Y basis INOX Leisure Ltd reported financials for the fourth quarter and the financial year ending 31st March 2019. The ...
Sensex, Nifty open lower on weak domestic, global cues
Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Tuesday tracking downbeat global market sentiment and foreign fund outflows. The BSE gauge Sensex fell 61.88 points to trade at 37,028 in early deals, while the NSE Nifty declined 18.45 points to 11,129.75. On Monday, Indian bourses registered losses for the ninth consecutive session. In the last nine sessions, the Sensex has lost 1,940.73 points and the Nifty has given away nearly 600 points. Top gainers in early session were Vedanta, Sun Pharma, RIL, ICICI Bank, Tata Motors, IndusInd Bank, ITC, Bharti Airtel, PowerGrid rising up to 2.85 per cent. On the other hand, Bajaj Auto, Asian Paints, Tata Steel, ONGC, Infosys, HCL Tech, HDFC, Coal India, Yes Bank, TCS, Bajaj Finance, NTPC, Axis Bank, were among the top losers, shedding up to 1.74 per cent. Indian bourses are facing headwinds both on domestic and global front as weak macroeconomic scenario, concerns over health of NBFC sector, US-China trade tensions .