Page 3715 - Business Finance
'More funds needed to boost electronics, software exports'
More funds are needed for electronics sector to help manufacturers in branding and distribution, which will eventually boost the exports, says a report. According to the report by Electronics and Computer Software Export Promotion Council (ESC), electronics sector is at the back foot in the export arena because of lack of funds. ESC suggested a series of steps for both government and private firms which also includes allocation of "special" funds for electronics sector to help manufacturers in branding and distribution. The council also recommended to increase rate of incentives under MEIS (Merchandise Exports from India Scheme) for all products to all countries. Under MEIS, the government provides duty benefits up to 7 per cent depending on product and country. ECS said minimising human interface and promoting online procedures in export-related activities will help cut cost of doing business. On computer software and ITeS sector, the report said the visa restrictions in countries ...
Bank fraud: ED attaches Rs 4,701-cr assets of Gujarat pharma firm
Assets worth over Rs 4,700 crore of Sterling Biotech Group, a Gujarat-based pharmaceutical firm, were attached today by the Enforcement Directorate in connection with a Rs 5000-crore bank fraud and money laundering case, the agency said. The ED had registered the case in October last year and the attachment amount is the second highest so far this year after the Nirav Modi-Mehul Choksi bank fraud case. The agency said it issued a provisional order under the Prevention of Money Laundering Act (PMLA) and attached immovable properties of around 4,000 acres, plant and machinery, around 200 bank accounts of various linked companies and promoters, shares worth Rs 6.67 crore and a number of luxury cars of the Vadodara-based group. It said "cross-border transactions" allegedly undertaken by the Sterling group were under probe and the ED was mulling approaching foreign jurisdictions to seize several oil rigs, barges and oilfields in Nigeria, for which the group had invested, and about 50 ...
Nifty, Sensex end lower; HDFC Bank drags
(Reuters) - Indian shares ended lower on Friday, weighed down by losses in financials stocks such as HDFC Bank Ltd, while gains in auto stocks including Maruti Suzuki Ltd and Bajaj Auto Ltd capped losses.
Market drops in volatile trade
Key benchmark indices logged modest losses on last trading day of the week weighed by data showing manufacturing PMI growth has slowed in May. The barometer index, the S&P BSE Sensex, lost 95.12 points or 0.27% at 35,227.26, as per the provisional closing data. The Nifty 50 index lost 39.95 points or 0.37% at 10,696.20, as per the provisional closing data.
Razorpay achieves ISO/IEC 27001:2013 certification
Razorpay, India's first converged payment solutions company announced today that it has attained ISO/IEC 27001It also defines security controls covering personnel, physical security, logical security, security systems and business continuity. This certification establishes the global security standards that Razorpay brings to the table, providing confidence on risk management for their merchant partners."We are proud to have achieved yet another milestone in our journey of just three years. Having the ISO/IEC 27001:2013 certification reinstates the confidence that our customers and partners have vested in us, when it comes to data security and protection of confidential information. Enabled by technology, we operate in a highly connected world which often exposes us to threats of data breach. This requires us to have a robust security mechanism in place so that our partners can operate safely and gainfully with us. This certification helps us put an official stamp on our efforts that .
Optimus Finance reports consolidated net loss of Rs 0.24 crore in the March 2018 quarter
Sales rise 102.31% to Rs 7.89 crore
Vadilal Industries reports consolidated net profit of Rs 0.81 crore in the March 2018 quarter
Sales rise 25.89% to Rs 126.15 crore
Max India reports standalone net profit of Rs 1.80 crore in the March 2018 quarter
Sales rise 140.41% to Rs 18.80 crore
Mayukh Dealtrade reports standalone net loss of Rs 0.14 crore in the March 2018 quarter
Reported sales nil
Jiya Eco-Products reports standalone net profit of Rs 4.53 crore in the March 2018 quarter
Sales rise 241.18% to Rs 35.79 crore
Toyam Industries reports standalone net loss of Rs 0.24 crore in the March 2018 quarter
Sales rise 55.77% to Rs 26.34 crore
Aspira Pathlab & Diagnostics reports standalone net loss of Rs 1.37 crore in the March 2018 quarter
Sales rise 140.98% to Rs 1.47 crore
Yamuna Syndicate standalone net profit rises 6.59% in the March 2018 quarter
Sales rise 26.30% to Rs 15.08 crore
Kovalam Investment & Trading Co. reports standalone net profit of Rs 0.62 crore in the March 2018 quarter
Sales rise 8.70% to Rs 0.75 crore
Desh Rakshak Aushdhalaya standalone net profit rises 650.00% in the March 2018 quarter
Sales rise 46.22% to Rs 1.74 crore
Golechha Global Finance reports standalone net loss of Rs 0.09 crore in the March 2018 quarter
Sales decline 4.00% to Rs 0.24 crore
Syschem (India) standalone net profit rises 3.45% in the March 2018 quarter
Sales rise 172.47% to Rs 32.56 crore
Mukesh Babu Financial Services standalone net profit rises 305.13% in the March 2018 quarter
Sales rise 67.57% to Rs 1.24 crore
Auro Laboratories standalone net profit rises 3.00% in the March 2018 quarter
Sales rise 12.02% to Rs 11.28 crore
BDH Industries standalone net profit rises 83.58% in the March 2018 quarter
Sales rise 25.55% to Rs 11.50 crore