Page 3861 - Business Finance

Rishabh Digha Steel & Allied Products standalone net profit rises 3200.00% in the March 2018 quarter

Sales rise 98.15% to Rs 1.07 crore

Sonata Software standalone net profit rises 39.90% in the March 2018 quarter

Sales rise 19.74% to Rs 179.62 crore

Ramchandra Leasing and Finance reports standalone net profit of Rs 0.01 crore in the March 2018 quarter

Sales rise 25.00% to Rs 0.10 crore

Medinova Diagnostic Services standalone net profit rises 23.71% in the March 2018 quarter

Sales rise 16.56% to Rs 1.76 crore

Sinclairs Hotels standalone net profit declines 18.88% in the March 2018 quarter

Sales decline 10.43% to Rs 11.33 crore

Terraform Magnum reports standalone net loss of Rs 0.04 crore in the March 2018 quarter

Reported sales nil

IND Renewable Energy standalone net profit declines 81.25% in the March 2018 quarter

Sales reported at Rs 0.02 crore

Upsurge Investment & Finance standalone net profit rises 471.43% in the March 2018 quarter

Sales rise 103.10% to Rs 8.51 crore

Nalin Lease Finance reports standalone net loss of Rs 0.15 crore in the March 2018 quarter

Sales rise 17.50% to Rs 0.94 crore

Bemco Hydraulics reports standalone net profit of Rs 0.17 crore in the March 2018 quarter

Sales decline 28.90% to Rs 9.30 crore

Cil Securities standalone net profit declines 89.51% in the March 2018 quarter

Sales decline 45.17% to Rs 1.59 crore

Poona Dal and Oil Industries standalone net profit declines 93.40% in the March 2018 quarter

Sales decline 75.09% to Rs 46.55 crore

Igarashi Motors India standalone net profit declines 12.91% in the March 2018 quarter

Sales decline 19.04% to Rs 106.08 crore

Shricon Industries reports standalone net loss of Rs 0.16 crore in the March 2018 quarter

Reported sales nil

National Standard (India) standalone net profit rises 177.25% in the March 2018 quarter

Sales rise 1806.90% to Rs 11.06 crore

Bata India standalone net profit rises 44.91% in the March 2018 quarter

Sales rise 6.91% to Rs 632.31 crore

Fund outflows, rupee depreciation dent equity indices

Persistent outflow of foreign funds along with weak global cues and a depreciation in the rupee plunged the key Indian equity indices on Wednesday.

Grasim Industries Q4 net profit at Rs 853.62 crore

Aditya Birla Group firm Grasim Industries today reported a consolidated net profit of Rs 853.62 crore for the fourth quarter ended March 2018. The company had posted a net profit of Rs 1,063.62 crore during the January-March period of the previous fiscal, Grasim Industries said in a regulatory filing. Total income during the quarter under review stood at Rs 17,691.80 crore. It was Rs 11,409.41 crore in the corresponding period of the previous fiscal. Meanwhile, the company said its result was not comparable as the consolidated result of the company also includes the financial results of cement plant acquired by UltraTech, a subsidiary of the company from Jaiprakash Associated. "Hence, the results of the three months and year ended March 31, 2017 are not comparable with the corresponding periods of previous year," the company said. Its total expenses were at Rs 15,893.34 crore. Grasim Industries' revenue from cement business during the quarter was Rs 9,420.76 crore. It was Rs 7,923.80 .

Start your investment journey with Fixed Deposits

Fixed Deposits, also known as term deposits, is the name given to the sum of money that is deposited with a financial institution for a set period bearing a given rate of interest. In India, fixed deposits are one of the most popular modes of investment; wherein many people prefer to park their savings to earn assured returns.When to Start Investing in Fixed Deposits?There is no direct answer to this question as it depends on one's financial strength and perspective towards investment. But experts at always recommend that you should invest a part of your savings in FD as soon as you start working.This way you can start small, develop your portfolio gradually without affecting your present financial requirements. Starting small will help you diversify the investment portfolio progressively and help to create a corpus for future needs. Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv allows you to invest in Fixed deposit with an amount as low as Rs. 25000.Why invest ..

Centre approves ordinance to amend insolvency code

The Centre has approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC), providing a relief to home buyers.The amendments will protect the interest of home buyers by treating them as financial creditors which will make it easier for them to recover their investments.They are also expected to give a fillip to the Micro, Small and Medium Enterprises (MSME) sector by giving them a special dispensation in the insolvency process.Exemption from various provisions in the resolution process will help them turnaround faster keeping in mind their smaller scale and importance to the Indian economy.The recalibration of the voting threshold will help in promoting resolution over liquidation and streamlining of provisions for eligibility to submit a resolution plan will improve the markets for Non-Performing Assets (NPAs). Other changes will improve the efficiency of the insolvency resolution and liquidation framework.The NPA resolution process has already seen major success. The ...