Page 3863 - Business Finance
TPL Plastech standalone net profit rises 27.84% in the March 2018 quarter
Sales rise 14.18% to Rs 56.38 crore
Ballarpur Industries reports consolidated net loss of Rs 889.50 crore in the March 2018 quarter
Sales rise 102.54% to Rs 728.23 crore
Euro Asia Exports reports standalone net profit of Rs 0.07 crore in the March 2018 quarter
Sales rise 102.22% to Rs 0.91 crore
Makers Laboratories standalone net profit rises 478.57% in the March 2018 quarter
Sales decline 5.86% to Rs 13.50 crore
Hisar Spinning Mills standalone net profit rises 100.00% in the March 2018 quarter
Sales decline 3.47% to Rs 6.96 crore
Market drops sharply in broad-based sell-off
Domestic equities suffered sharp losses tracking weakness in global stocks. The barometer index, the S&P BSE Sensex, lost 306.33 points or 0.88% to settle at 34,344.91. The Nifty 50 index lost 106.35 points or 1.01% to settle at 10,430.35. Stocks across the globe fell as investors continued to assess potential trade tensions, the possible cancellation of a June summit with North Korea and a fall in commodity prices.
China Market falls 1.4%
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Govt working on long-term solution to fuel prices: Prasad
With petrol and diesel prices being hiked for the 10th day in a row, the government today said it is working on a long-term solution to address the volatility and frequent revisions in rates. The BJP-led government had in June last year junked a 15-year old practice of revising rates every fortnight and introduced daily revisions which worked well except periods immediately preceding an election. There was a 19-day freeze in revising rates before Karnataka went to polls, and since the time the hiatus ended on May 14, rates have gone up by Rs 2.54 a litre in case of petrol and Rs 2.41 in diesel. The 10-day relentless price increases built pressure on the government for cutting excise duty to give immediate relief to consumers but after a meeting of the Union Cabinet headed by Prime Minister Narendra Modi, Law and IT Minister Ravi Shankar Prasad offered little insight if a reduction in tax was coming. "(The) issue of frequent hike in fuel price is a matter of debate and concern. The ...
Govt waives Rs 1,077-cr penal interest on loans to Paradip Port
The government today said it has waived Rs 1,077 crore penal interest on loans to Paradip Port Trust (PPT), one of the 12 major ports in the country. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi. The CCEA has given approval for Waiver of penal interest amounting to Rs 1,076.59 crore in respect of PPT as on 31.03.2017 and further accruals thereon till date of approval of waiver, Ministry of Shipping said in a statement. It said PPT will pay penalty at 0.25 per cent of penal interest as on the date of approval of waiver of penal interest. Also PPT will "start the re-payment of outstanding principal of Rs 387.74 crore and outstanding interest as on date of approval of the waiver and the re-payment is to be completed in two instalments in 2018-19 and 2019-20, the statement said. PPT had availed Rs 642.69 crore of loan under different heads at different points of time beginning from 1967 to 2002 to finance its ...
Tata Motors fourth-quarter profit halves, lags estimate
(Reuters) - India's Tata Motors Ltd said on Wednesday fourth quarter profit halved, coming in sharply below estimates.
Exclusive: U.S. refining giant Marathon seeks EPA biofuel waiver - sources
NEW YORK (Reuters) - Marathon Petroleum Corp, the second-biggest refining company in the United States, has asked the Environmental Protection Agency for a hardship waiver exempting one of its facilities from the nation's biofuels law, two sources with knowledge of the application told Reuters.
Gold prices slip ahead of Fed minutes
BENGALURU (Reuters) - Gold prices slipped on Wednesday, pressured by a firm dollar ahead of the release of the minutes from the Federal Reserve's last policy meeting.
Texel Industries standalone net profit rises 405.88% in the March 2018 quarter
Sales rise 137.01% to Rs 26.64 crore
Blue Pearl Texspin reports standalone net profit of Rs 0.01 crore in the March 2018 quarter
Sales rise 25.00% to Rs 0.05 crore
Siel Financial Services reports standalone net loss of Rs 0.04 crore in the March 2018 quarter
Reported sales nil
Finolex Industries standalone net profit declines 1.87% in the March 2018 quarter
Sales decline 8.84% to Rs 809.13 crore
IHCL to open second Ginger Hotel in Visakhapatnam
The Indian Hotels Company (IHCL) today said it has signed second Ginger hotel in Visakhapatnam. The company has partnered with SSR Builders in Visakhapatnam for this hotel, which will have 56 rooms, according to a company release. The Ginger portfolio has 45 operating hotels and seven other properties in the pipeline at present, it said. ***************** Skillsoft partners with Shine Learning * Global corporate learning firm Skillsoft today announced partnership with professional courses and skills portal Shine Learning. Under the partnership, Shine Learning users can access Skillsoft's learning portfolio of more than 500,000 pieces of engaging content, a release said. ***************** BLS International to assist Sopra Steria on UK visa renewals * Visa service provider BLS International today said the United Kingdom Visas and Immigration (UKVI) has awarded Sopra Steria a new contract to enable visa renewals for those individuals who are already in the UK. BLS ...
Vinyl Chemicals (I) standalone net profit declines 3.68% in the March 2018 quarter
Sales rise 51.52% to Rs 113.23 crore
Tainwala Chemicals & Plastics (India) standalone net profit declines 65.53% in the March 2018 quarter
Sales rise 37.35% to Rs 3.42 crore
Amrit Corp reports standalone net loss of Rs 0.39 crore in the March 2018 quarter
Sales rise 10.33% to Rs 13.24 crore