Page 3711 - Business Finance
3M India standalone net profit rises 2.94% in the March 2018 quarter
Sales rise 8.78% to Rs 678.67 crore
Apollo Hospitals Enterprise standalone net profit rises 23.84% in the March 2018 quarter
Sales rise 14.68% to Rs 1862.92 crore
HSIL standalone net profit declines 22.24% in the March 2018 quarter
Sales rise 8.07% to Rs 640.54 crore
Anil Ambani led Reliance Group raises Rs 1400 crore by listing of UK based gaming unit
The 185 million (approximately Rs. 1,700 crore) offering, comprising a primary offering of 15 million (approximately Rs. 150 crore) and secondary sale of 170 million (approximately Rs. 1,550 crore) by Reliance Group and other management shareholders, received an enthusiastic response, and was significantly oversubscribed, attracting orders from leading institutional investors in UK and Europe.
TVS Motor Company posts 10% sales growth in May 2018
Sells 3.09 units
Board of Tide Water Oil Company India recommends final dividend
Of Rs 100 per share
Gulshan Polyols announces change in company secretary
With effect from 31 May 2018
Profit booking subdues equity indices
The key Indian equity indices provisionally closed in the red as traders booked profits after the indices surged over one per cent in the previous session.
Telangana IT exports grow by 9.32%
Telangana achieved IT/ITES exports of Rs 93,442 crore in 2017-18, clocking a growth rate of 9.32 per cent over the previous fiscal, the government announced on Friday.
Hero MotoCorp sales up 11% at 7,06,365 units in May
Two-wheeler major Hero MotoCorp today reported a 11 per cent increase in sales to 7,06,365 units in May. The company had sold 6,33,884 units in the corresponding month last year, Hero MotoCorp said in a statement. "With the forecast of a good monsoon this year, there is expectation of an uptick in market demand in the later part of the year, leading to a sustained momentum across the country," the company said. The company is well placed to leverage that with the upcoming introduction of its new motorcycles and scooters during the year, it added.
Reliance Group's gaming firm Codemasters lists on LSE's AIM platform
Anil Ambani-led Reliance Group today announced the listing of its gaming firm Codemasters on the London Stock Exchange's AIM platform after raising Rs 1,700 crore via IPO. The shares were currently trading at 260 pence, which is 30 per cent premium to the initial public offering (IPO) of 200 pence, Reliance Group said in a statement. Codemasters' 185 million pound (about Rs 1,700 crore) IPO comprised sale of fresh shares worth 15 million pound, besides, sale of shares to the tune of 170 million pound by Reliance Group and other management stakeholders. The public issue was significantly oversubscribed and attracted bids from leading institutional investors in the UK and Europe. Reliance Group has sold its 60 per cent stake Codemasters through IPO and now hold 29 per cent in the gaming company. The Group has received net proceeds worth Rs 1,400 crore from the public issue. At the current price, the remaining 29 per cent stake in Codemasters is worth Rs 1,000 crore. "Reliance Group ...
Volvo to start manufacture of hybrid cars only from 2019
In line with the Swedish company's global strategy, Volvo Car India will begin manufacturing of plug-in hybrid vehicles only from 2019, a company official said. The company opened its new showroom in the metropolis today. The first one was closed down few years AGO. "From 2019 all our new cars will be not based purely on internal combustion engines (petrol and diesel), but plug-in hybrid models which is the future", MD of Volvo Car India Charles Frump said. Replying to a query on the future of plug-in vehicles in India due to high incidence of GST, Frump said "It is a big bet to play in the hybrid models in the country. We are working closely with the government for a supportive policy as these vehicles will protect the environment." Asked about the launch of electric vehicles in India, he said it would follow after the global launch. In 2017 calendar year, the company sold 2029 cars - a growth of 28 per cent year-on-year over 2016, he said. "In 2018, we want to better ...
OFS Technologies standalone net profit rises 260.00% in the March 2018 quarter
Sales rise 3.61% to Rs 5.16 crore
Global Vectra Helicorp reports standalone net loss of Rs 5.54 crore in the March 2018 quarter
Sales rise 6.68% to Rs 104.85 crore
Sar Auto Products reports standalone net loss of Rs 0.02 crore in the March 2018 quarter
Sales rise 343.40% to Rs 2.35 crore
Indian consumer sentiment rises in May: Report
Consumer sentiment in India regarding personal finances, business and buying conditions increased in May, largely driven by the positive economic data seen in recent months, says a report. The GICI (Genesis India Consumer Indicator)- a monthly indicator tracking consumer sentiment pan India across personal finances, business conditions and buying conditions - increased slightly to 60.45 in May from 59.04 in April, as per the report. "The recent pick-up in consumer sentiment tallies with the more positive economic data seen in recent months, notably the latest GDP data which showed growth close to a two-year high," said Chief Economist of GMMR, Philip Uglow. Genesis Management and Market Research (GMMR) compiles GICI index. The jump in consumer sentiment comes at a time when the March quarter GDP data showed growth at 7.7 per cent. According to government data, Indian economy grew 7.7 per cent in January-March 2018, the biggest expansion in seven quarters, on account of robust ...
Integrated Financial Services standalone net profit rises 52.77% in the March 2018 quarter
Sales rise 5.50% to Rs 2.11 crore
Olympia Industries standalone net profit rises 120.00% in the March 2018 quarter
Sales decline 63.45% to Rs 29.83 crore
Kridhan Infra consolidated net profit declines 85.33% in the March 2018 quarter
Sales decline 2.85% to Rs 177.16 crore
Lumax Auto Technologies consolidated net profit rises 91.62% in the March 2018 quarter
Sales rise 48.40% to Rs 331.59 crore