Page 3868 - Business Finance
Motherson Sumi Systems fourth-quarter profit rises over 9 percent
(Reuters) - Auto parts maker Motherson Sumi Systems Ltd posted a 9.2 percent rise in fourth-quarter net profit on Wednesday, but fell short of analysts' expectations.
HPCL Q4 profit dips 4% on lower refining margin
State-owned Hindustan Petroleum Corp Ltd (HPCL) today reported 4 per cent drop in its March quarter net profit on lower refining margins and inventory gains. Net profit in the January-March quarter of the fiscal year 2017-18 at Rs 1,748 crore compared with a net profit of Rs 1,819 crore in the year-ago period, HPCL Chairman and Managing Director Mukesh K Surana told reporters here. "The profit decline was because of lower inventory gains compared to the previous quarter," he said. HPCL, which operates oil refineries at Mumbai and Visakh in Andhra Pradesh, earned USD 7.07 on turning every barrel of crude oil into fuel in the fourth quarter as compared to a gross refining margin of USD 7.99 per barrel a year ago. Also, the company had lower inventory gain of Rs 157 crore in the three months ended March 31, 2018, as against Rs 460 crore last year, he said. Inventory gains happen when a company buys crude oil at a particular price but by the time it is able to ship it to India and ...
TCS update on its multi-year agreement with Transamerica
To transform the administration of its U.S. insurance and annuity business lines
Syndicate Bank rose for a third straight session today
The stock is quoting at Rs 47.15, up 1.73% on the day as on 12:59 IST on the NSE. Syndicate Bank is down 37.76% in last one year as compared to a 12.3% gain in NIFTY and a 15.33% gain in the Nifty PSU Bank index.
Oriental Bank of Commerce is up for a third straight session today
The stock is quoting at Rs 79.05, up 2.33% on the day as on 12:59 IST on the NSE. Oriental Bank of Commerce is down 45.01% in last one year as compared to a 12.3% jump in NIFTY and a 15.33% jump in the Nifty PSU Bank index.
Canara Bank is up for a third straight session today
The stock is quoting at Rs 252.3, up 2.69% on the day as on 12:59 IST on the NSE. Canara Bank is down 28.55% in last one year as compared to a 12.3% jump in NIFTY and a 15.33% jump in the Nifty PSU Bank index.
Allahabad Bank is up for a third straight session in a row
The stock is quoting at Rs 40.5, up 3.45% on the day as on 12:59 IST on the NSE. Allahabad Bank is down 43.71% in last one year as compared to a 12.3% spurt in NIFTY and a 15.33% spurt in the Nifty PSU Bank index.
Glenmark Pharmaceuticals Ltd is up for a third straight session today
The stock is quoting at Rs 519.65, up 1.52% on the day as on 12:59 IST on the NSE. Glenmark Pharmaceuticals Ltd is down 17.77% in last one year as compared to a 12.3% jump in NIFTY and a 13.61% jump in the Nifty Pharma index.
Tata Elxsi Ltd rose for a third straight session today
The stock is quoting at Rs 1214, up 3.81% on the day as on 12:59 IST on the NSE. Tata Elxsi Ltd is up 82.66% in last one year as compared to a 12.3% gain in NIFTY and a 29.41% gain in the Nifty IT index.
Reliance Infrastructure Ltd gained for a third straight session today
The stock is quoting at Rs 409.05, up 2.06% on the day as on 12:59 IST on the NSE. Reliance Infrastructure Ltd is down 17.15% in last one year as compared to a 12.3% jump in NIFTY and a 15.06% jump in the Nifty Energy index.
ICICI Bank Ltd is up for a third straight session today
The stock is quoting at Rs 296.75, up 2.22% on the day as on 12:59 IST on the NSE. ICICI Bank Ltd is up 6.43% in last one year as compared to a 12.3% jump in NIFTY and a 14.76% jump in the Nifty Bank index.
Bank of Baroda gained for a third straight session today
The stock is quoting at Rs 139.15, up 4.7% on the day as on 12:59 IST on the NSE. Bank of Baroda is down 20.83% in last one year as compared to a 12.3% spurt in NIFTY and a 14.76% spurt in the Nifty Bank index.
United Breweries Ltd rose for a fifth straight session today
The stock is quoting at Rs 1183.5, up 0.8% on the day as on 12:54 IST on the NSE. United Breweries Ltd is up 53.29% in last one year as compared to a 12.31% gain in NIFTY and a 14.19% gain in the Nifty FMCG.
Sebi to auction 20 assets of Pancard; reserve price at Rs 1,700-cr
Looking to recover over Rs 7,000 crore of investors' money, markets regulator Sebi will next month auction 20 properties of Pancard Clubs and its late chairman and managing director at a total reserve price of over Rs 1,700 crore. This is in addition to at least 57 properties which were auctioned between December and May with combined reserve price of more than Rs 3,000 crore. In a notice issued today, the Securities and Exchange Board of India (Sebi) said SBI Capital Markets will auction 17 properties of Pancard Clubs and three properties of its late CMD Sudhir Moravekar on June 27 at a reserve price of about Rs 1,733 crore. The properties listed for the sale include a four-star hotel, resorts, land parcels and office spaces in Maharashtra, Karnataka, West Bengal, Madhya Pradesh, Tamil Nadu and Kerala. The interested bidders can inspect these properties on June 12. Sebi said the bidders should make their own independent enquiries regarding the nature, type, classifications, ...
Sensex falls as oil companies slip; Vedanta hits over 10-month low
(Reuters) - Indian shares fell on Wednesday pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd hit an over 10-month low as protests against its copper plant in south India turned violent.
Mobile payment firms struggle to dethrone cash in Southeast Asia
SINGAPORE/HANOI (Reuters) - Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash.
HPCL drops after dull Q4 result
HPCL dropped 5.8% to Rs 294 at 12:25 IST on BSE after net profit fell 3.9% to Rs 1747.89 crore on 17.76% rise in total income to Rs 61152.73 crore in Q4 March 2018 over Q4 March 2017.
Mentha oil dips 0.81 pc on muted demand
Mentha oil futures fell 0.81 per cent to Rs 1,256.40 per kg today as speculators trimmed positions, driven by subdued demand from consuming industries at the spot markets. Further, ample stocks position on higher supplies from Chandausi in Uttar Pradesh, too, influenced prices. At the Multi Commodity Exchange, mentha oil for delivery in the current month declined by Rs 10.20, or 0.81 per cent, to Rs 1,256.40 per kg in a business turnover of 153 lots. Likewise, the oil for delivery in June traded lower by Rs 4, or 0.35 per cent, to trade at Rs 1,139 per kg in 132 lots. Analysts said, off-loading of positions by participants owing to slackened demand from consuming industries at spot market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh led to the decline in mentha oil prices in futures trade.
Indices pare intraday losses
The Sensex was almost flat while the Nifty was trading with small losses in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was down 4.12 points or 0.01% at 34,647.12. The Nifty 50 index was down 20.65 points or 0.20% at 10,516.05. Negative cues from other Asian shares dampened investors sentiment. Selling in index pivotals put pressure on bourses.
GSS Infotech Ltd leads gainers in 'B' group
Minda Industries Ltd, Euro Ceramics Ltd, Goldstone Infratech Ltd and Websol Energy System Ltd are among the other gainers in the BSE's 'B' group today, 23 May 2018.