Page 3730 - Business Finance
Garware-Wall Ropes consolidated net profit rises 51.65% in the March 2018 quarter
Sales rise 11.84% to Rs 234.79 crore
CIL Nova Petrochemicals standalone net profit declines 25.49% in the March 2018 quarter
Sales decline 10.19% to Rs 63.31 crore
Vascon Engineers standalone net profit rises 132.03% in the March 2018 quarter
Sales rise 64.15% to Rs 105.86 crore
Rajesh Exports standalone net profit declines 16.80% in the March 2018 quarter
Sales decline 26.36% to Rs 7714.91 crore
Aptech standalone net profit rises 369.91% in the March 2018 quarter
Sales rise 33.75% to Rs 48.63 crore
Alps Industries reports standalone net loss of Rs 24.68 crore in the March 2018 quarter
Sales decline 25.22% to Rs 82.66 crore
Hindustan Tin Works standalone net profit declines 16.92% in the March 2018 quarter
Sales rise 38.71% to Rs 77.76 crore
Hindustan Adhesives standalone net profit declines 64.75% in the March 2018 quarter
Sales rise 2.87% to Rs 19.35 crore
Transgene Biotek reports standalone net profit of Rs 2.91 crore in the March 2018 quarter
Reported sales nil
Vardhman Polytex reports standalone net loss of Rs 203.93 crore in the March 2018 quarter
Sales decline 22.93% to Rs 181.74 crore
Ansal Properties & Infrastructure standalone net profit rises 361.61% in the March 2018 quarter
Sales decline 43.65% to Rs 148.81 crore
RCom shares in demand; end 7% up
Shares of Reliance Communications (RCom) today ended with nearly 7 per cent gains, a day after NCLAT stayed bankruptcy proceedings against the company after it agreed to pay Rs 550 crore to Ericsson to settle a payment dispute. The stock surged 19.14 per cent to Rs 20.85 in intra-day trade, but later trimmed most of the early gains to settle at Rs 18.70, up 6.86 per cent on BSE. At NSE, shares of the company jumped 5.71 per cent to close at Rs 18.50. On the equity volume front, 383.40 lakh shares of the company were traded on BSE and over 41 crore shares changed hands at NSE during the day. The order of the National Company Law Appellate Tribunal clears the way for Anil Ambani-led RCom to sell its telecom towers, spectrum and fibre assets to Reliance Jio. A two-member bench headed by NCLAT Chairman Justice S J Mukhopadhaya directed RCom and its subsidiaries Reliance Infratel and Reliance Telecom to pay Rs 550 crore to Ericsson India in 120 days, failing which it will direct insolvency
EMCO reports standalone net loss of Rs 58.35 crore in the March 2018 quarter
Sales decline 53.80% to Rs 95.04 crore
Kesar Petroproducts standalone net profit rises 1.43% in the March 2018 quarter
Sales rise 0.44% to Rs 47.46 crore
Andrew Yule & Company reports standalone net loss of Rs 27.27 crore in the March 2018 quarter
Sales decline 31.31% to Rs 71.73 crore
Garware-Wall Ropes standalone net profit rises 51.71% in the March 2018 quarter
Sales rise 11.84% to Rs 234.79 crore
TCS declared UK's top IT services organisation for customer satisfaction
Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, has been named number one for customer satisfaction in the UK by the Whitelane Study - one of the country's largest independent report of IT service providers.TCS received a customer satisfaction score of 81 percent in the UK, and the company also topped the rankings for the whole of Europe, retaining the number one spot for the fifth consecutive year and topping the rankings in Germany (80 percent), Benelux (80 percent), Netherlands (80 percent), Switzerland (83 percent), and the Nordics (82 percent).The latest Whitelane Study also showed that TCS was ranked number one in application development, maintenance, testing and SaaS; and data centre, managed infrastructure and hosting. In addition to overall customer satisfaction, the survey also assessed each company based on eight key performance indicators (KPIs). TCS was ranked in the top three for service delivery quality, price ...
Aegis Logistics standalone net profit rises 18.55% in the March 2018 quarter
Sales rise 42.87% to Rs 151.73 crore
Eight infra sectors record 4.7% growth in Apr
Eight infrastructure industries recorded 4.7 per cent growth in April helped by healthy performance in segments like coal, natural gas and cement. The growth rate of eight core sectors, which also include fertilisers and steel, was 2.6 per cent in April 2017, according to the data released by the commerce and industry ministry today. Coal, natural gas, refinery products and cement grew by 16 per cent, 7 .4 per cent, 2.7 per cent, and 16 .6 per cent in April this year, respectively. As per the data, growth in the fertiliser production was 4.6 per cent and in steel sector it was 3.5 per cent in April on yearly basis. Electricity generation increased by 2.2 per cent in April this year, over the same month of 2017. However, crude oil production declined by 0.8 per cent in on yearly basis.
PM Modi launches three Indian digital payment apps in Singapore
Prime Minister Narendra Modi today launched three Indian mobile payment apps in Singapore at a business event aimed at internationalisation of the country's digital payment platform. At the 'Business, Innovation and Community Event' here where digital platform was the main feature, Modi launched India's BHIM, RuPay and SBI app. India's RuPay digital payments system was linked up with Singapore's 33-year old Network for Electronic Transfers (NETS). RuPay users will be able to make payments at all of NETS acceptance points across Singapore. Holders of Singapore NETS will be able to make online purchase on any National Payment Corporation of India (NPCI) e-commerce merchant website in India, using 2.8 million RuPay point of sale terminals in India. Industry observers said it would create multi-billion dollar transactions as some five million Indians travel to and transit through Singapore, internationalising the RuPay beginning with the first cross border usage. Also, a new app-based ..