Page 380 - Business Finance
Vodafone Idea Ltd leads gainers in 'A' group
Merck Ltd, Motilal Oswal Financial Services Ltd, Oberoi Realty Ltd and APL Apollo Tubes Ltd are among the other gainers in the BSE's 'A' group today, 13 May 2019.
Van Heusen launches its largest store in Mumbai on Linking Road, Bandra
Van Heusen, India's premium formal wear brand for men and women from Aditya Birla Fashion and Retail Limited launched a new store in Bandra with gorgeous Bollywood actress Radhika Apte who is known for her distinct style. The upscale fashion store is located in the heart of the city at Linking Road. With the launch of the new store, Van Heusen now has 16 stores in Mumbai."Van Heusen has over the last decade carved a niche for itself as a renowned fashion brand with a strong presence across leading cities and towns of India. Today, Van Heusen enjoys a high recall value and is perceived as a brand that provides power dressing to young professionals. We are happy to be at the forefront of the fashion revolution that is underway in one of the largest cities in India, Mumbai", said Abhay Bahugune, Chief Operating Officer, Van Heusen, Aditya Birla Fashion and Retail Ltd."The launch of our new brand outlet at Linking Road takes our store count in the state to 27. We are delighted with the ...
Plan your summer vacation despite high airfares with Bajaj Finserv personal loan
Planning your travel is likely to get a lot more expensive after the temporary suspension of India's largest private airline - Jet Airways. According to media reports local and international airfares are all set to increase by 25 - 40 per cent, primarily caused by a significant reduction in available seats.This situation is further deteriorated by other airline companies that are constantly curtailing their operations in India, forcing passengers to shell out more for their travel.Indian travellers often plan their annual vacation during the peak summer season of April - May. While finalising their itinerary, they take into consideration the accommodation charges, recreational activities and the constant fluctuations in the currency exchange rates. However, the recent hike in airfares has affected their travel budget, thereby making the overall trip more expensive.This is where Bajaj Finserv Personal Loan for travel comes in handy. Whether it's a solo backpacking trip or a ...
ED questions Kochhars in ICICI-Videocon case
The Enforcement Directorate (ED) on Monday questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar here in an ongoing probe into the alleged irregularities and corrupt practices in the sanctioning of a Rs 1,875 crore loan by the bank to the Videocon Group.
Chanda Kochhar appears before ED for questioning
Former ICICI Bank chief Chanda Kochhar on Monday appeared before the Enforcement Directorate (ED) for questioning in connection with the Videocon loan case.
Passenger vehicle sales dip 17 pc in April
Domestic passenger vehicle (PV) sales declined 17.07 per cent to 2,47,541 units in April from 2,98,504 units in the year-ago month. Domestic car sales declined 19.93 per cent to 1,60,279 units compared to 2,00,183 in April 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month declined 11.81 per cent to 10,84,811 units as against 12,30,046 units a year earlier. Total two-wheeler sales in April declined 16.36 per cent to 16,38,388 units compared to 19,58,761 units in the year-ago month. Sales of commercial vehicles were down 5.98 per cent to 68,680 units in April, SIAM said. Vehicle sales across categories registered a decline of 15.93 per cent to 20,01,096 units from 23,80,294 units in April 2018, it added.
Stocks markets volatile after opening in red, Nifty hovers below 11,300
Equity benchmark indices turned volatile after opening in the red on Monday, tracking a sharp fall in Asian peers amid growing concerns over the brewing trade war between the United States and China.Except for IT and FMCG, all sectoral indices were in the negative zone at the National Stock Exchange.At 10:15 am, the BSE S & P Sensex was up 92 points at 37,555 while the Nifty 50 moved 10 points higher to 11,288.Eicher Motors dropped over 4 per cent at Rs 19,503 while Indiabulls Housing Finance, Larsen & Toubro and Zee Entertainment were down over 2 per cent. Dr Reddy traded 1.6 per cent lower at Rs 2,829.15.However, Bharti Infratel gained 2 per cent while Tata Consultancy Services, Tech Mahindra, ONGC and State Bank of India were in the green with tiny margins.Meanwhile, Asian shares fell as investors debated whether the United States and China will be able to salvage a trade deal after Washington sharply hiked tariffs on 200 billion dollars worth of Chinese goods.Beijing ...
Volumes jump at Delta Corp Ltd counter
Delta Corp Ltd witnessed volume of 5.9 lakh shares by 10:49 IST on BSE, a 7.16 times surge over two-week average daily volume of 82363 shares
Oberoi Realty advances after good Q4 result
Oberoi Realty gained 4.1% to Rs 541.80 at 10:21 IST on BSE after consolidated net profit rose 8.98% to Rs 155.76 crore on 69.17% rise in total income to Rs 598.70 crore in Q4 March 2019 over Q4 March 2018.
Sensex, Nifty bounce back; breadth turns weak
Key benchmarks bounced back from early lows and hit fresh intraday high in morning trade. At 10:35 IST, the barometer index, the S&P BSE Sensex, was up 73.22 points or 0.20% at 37,536.21. The Nifty 50 index was up 13.65 points or 0.12% at 11,292.55.
Torry Harris Named a 'Leader' Among Specialist API Strategy and Delivery Service Providers
/ -- Torry Harris, a global leader in integration, full life-cycle API management and digital transformation, has been named a 'Leader' in The Forrester Wave: Specialist API Strategy and Delivery Service Providers, Q2 2019 . Forrester says, "Torry Harris Business Solutions has a long heritage of specializing in integration, service-oriented architecture (SOA), and APIs. Of particular note is DigitMarket[TM]- a digital marketplace offering that embodies much of the firm's thought leadership on API-based platform business models, including a built-in API management solution." In its Wave report, Forrester notes: Torry Harris' top strengths were API business strategy, maturity assessment, program strategy, design guidance, design and build services, business technology vision, and its innovation road map. Torry Harris is especially strong in its understanding and articulation of API business opportunities like open business models, dynamic ecosystems, and platform businesses. Torry ...
Manorama Industries Limited Declares a Robust Financial Performance in FY2018-19
/ -- Top Highlights of the Financial Performance and other Activities during this period Manufacturing turnover increased by 67 % to Rs. 102.87 Crore for FY2018-19 in compared to the previous year which was Rs. 61.33 Crores. EBIDTA from manufacturing has increased to Rs. 31.86 Crore for the FY2018-19 as compared to previous year Rs. 19.33 crore. PAT from manufacturing activity has registered a growth of 76 % over the corresponding previous year. Manorama Industries Ltd, company with a rich history and is an acknowledged global leader in super specialty tailor-made fats and Cocoa Butter Equivalent (CBE) used in chocolate, confectionery and cosmetics global sector, has declared annual result for year 2018-19. Financial Performance as on March 31, 2019: Revenue from manufacturing operations for annual year ended March 31, 2019 stood at Rs. 102.88 crore, as compared to Rs. 61.33 crore in the corresponding last period. Exports contributed 46% to the revenue. The company has ...
De-duplication of Indian consumer data to complete by year-end: Mastercard
Global payments giant Mastercard has started to delete transactions data of Indian consumers from US-based servers, and saving the same in India, from this month and expects to complete the de-duplication exercise by this year-end, a top official said. The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms which requires them to store transactions data of Indian customers within the boundaries of India. Mastercard, however, has already started saving data at servers in India from October last year which is duplicate data of that saved in the US. "From October 2018, the data has been residing in India, that is step one. The point of challenge is data to be only in India because it is not about putting just few servers here," Ari Sarker, co-president, Asia Pacific, Mastercard told PTI in an interview here. He said Mastercard has been in discussion with the RBI and there is complete commitment to comply with the ...
Equity indices open in red
The key Indian equity indices opened on a negative note on Monday.
Suzlon Energy Ltd Falls 7.03%, S&P BSE Capital Goods index Drops 1.22%
Suzlon Energy Ltd has lost 17.36% over last one month compared to 4.61% fall in S&P BSE Capital Goods index and 3.39% drop in the SENSEX
Rupee slips 26 paise to 70.18 vs USD in early trade
The rupee depreciated by 26 paise to 70.18 against the US dollar in early trade Monday amid US-China trade related concerns and rising crude oil prices. Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas, foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit. At the Interbank Foreign Exchange, the rupee opened on a weak note at 70.16 then fell further to 70.18 against the US dollar, showing a decline of 26 paise over its previous closing. The local unit, however, pared some losses and was quoted at 70.16 against the American currency at 0937 hrs. The Indian rupee Friday had closed at 69.92 against the US dollar. Foreign institutional investors (FIIs) pulled out Rs 1,245.14 crore on a net basis Friday, provisional data showed. Brent crude futures, the global oil benchmark, rose 0.27 per cent to USD 70.81 per barrel. Meanwhile, domestic bourses opened on a cautious note Monday. The BSE gauge Sensex was .
L&T drops after announcing Q4 result
Larsen & Toubro fell 1.84% to Rs 1,330.30 at 09:18 IST on BSE after the company announced its Q4 result after market hours on Friday, 10 May 2019.
Agro Tech Foods Ltd Spurts 5.2%
Agro Tech Foods Ltd has lost 5.2% over last one month compared to 3.65% fall in S&P BSE FMCG Sector index and 3.36% drop in the SENSEX
Market trades with small losses; breadth negative
Key benchmark indices were trading with small losses in early trade, tracking negative leads from Asian markets. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 17.21 points or 0.05% at 37,445.78. The Nifty 50 index was down 24.65 points or 0.22% at 11,254.25.
Trump-Xi meet likely in June at G20 summit
White House Economic Advisor Larry Kudlow has said that there was a "strong possibility" that US President Donald Trump will meet his Chinese counterpart Xi Jinping at the G20 economic summit in Japan next month.