Page 3880 - Business Finance
Equity indices close marginally higher; auto, metal stocks gain
The key Indian equity indices provisionally closed in the green on Tuesday, although with marginal gains on the back of value buying by investors, after declining for five sessions in a row.
Total income of 32 regional parties Rs 321 cr in 2016-17; SP richest: ADR
The total income of 32 regional political parties in 2016-17 was Rs 321.03 crore, with the Samajwadi Party (SP) showing the highest amount of Rs 82.76 crore, says a report. These 32 regional parties declared a total expenditure of Rs 435.48 crore during the year, the Association for Democratic Reforms (ADR) said in a report today. Of these total 32 parties, 17 of them showed Rs 114.45 crore collectively as unspent income. "SP reported having the highest income of Rs 82.76 crore, which forms 25.78 per cent of the total income of all 32 regional parties, followed by TDP (Telugu Desam Party) with an income of Rs 72.92 crore and AIADMK Rs 48.88 crore," the Delhi-based think tank ADR said. The total income of top three regional parties -- SP, TDP, AIADMK -- amounted to Rs 204.56 crore, which makes 63.72 per cent of overall receipts of 32 regional parties together, the report showed. Out of 48 regional parties considered, audit reports of 16 are unavailable for 2016-17 on the website of ...
Symphony Q4 net profit falls 8% to Rs 41.93 crore
Ahmedabad-based air cooler company Symphony today reported a 8.12 per cent decline in standalone net profit at Rs 41.93 crore for the quarter ended March 31, 2018. The company had posted a net profit of Rs 45.64 crore in same period a year-ago. Total revenue during the quarter under review was at Rs 164.57 crore. It stood at Rs 194.51 crore in the same quarter of the last fiscal, Symphony said in a BSE filing. In a separate filing, Symphony said pursuant to expression of interest furnished by the company, the board of directors of the company has considered at its meeting held today, a proposal for an international synergistic acquisition having potential of synergy with the affairs of the company to accomplish its broader vision to tap international market. Shares of Symphony today settled at Rs 1,451.45 on BSE, down 11.23 per cent from previous close.
Turnover on NSE's F&O segment increases
Nifty May futures at premium
AAP questions BJP on fuel price hike
The Aam Aadmi Party (AAP) on Tuesday questioned the BJP on the constant rise in the prices of petroleum products.
Greenlight Planet wins the Economic Times Most Promising Brand 2018
Greenlight Planet has been recognised by Economic Times as the "Most Promising brand 2018" at a ceremony held on Friday, the 23rd of March 2018. The Promising Brands platform was an endeavour by the Economic Times to recognize brands, which have stood firm in the winds of globalization and have truly become a part of popular culture and day to day lives.With 1.3 billion individuals across the globe and 31 million households in India still living without electricity, Greenlight Planet's solutions provide a powerful mechanism for large-scale, sustainable impact. This award is the result of 9 years of continuous innovation in Greenlight Planet's product portfolio and unique distribution models that have led to it emerging as a global market leader in the off-grid sector.The company has sold more than eight million of its high-quality Sun KingTM solar range of portable lamps, home systems, fans, radios and televisions benefitting more than 30 million individuals across 65+ countries in ...
Bajaj Finserv adds new features to its proprietary app
Bajaj Finance Ltd., the lending arm of Bajaj Finserv has released a revamped version of Bajaj Finserv app that will allow customers to check their pre-approved offers and get instant access to funds when required. The app will also allow users to access information of their previous loans and investments apart from enabling them to manage and access their current accounts.The pre-approved feature allows customer to check their eligibility and apply for a loan just by entering basic details. The users can simply login to the app by using their registered mobile number or Experia member ID to check the eligibility. The added features aim to ease the process of availing finance for consumers by providing them instant approvals at any time of the day.The upgraded version of the app comes with a simple user interface and intuitive navigation to deliver an excellent experience to the users. The app is currently available on both Android and iOS devices and can be easily downloaded on ...
Russia and Japan warn U.S. of $1 billion in tariff retaliation
GENEVA (Reuters) - Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminium by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed on Tuesday.
Akamai, MUFG roll out blockchain-based payments network
Cloud delivery network provider Akamai Technologies on Tuesday announced its partnership with Japan-based Mitsubishi UFJ Financial Group (MUFG) to introduce a new blockchain-based online payment network for next-generation payment transactions.
Larsen & Toubro Infotech update on scheme of amalgamation
Scheme becomes effective from 21 May 2018
L&T Constructions bags orders worth Rs 4033 crore
Under Buildings & Factories business segment
HPL Electric & Power consolidated net profit declines 5.23% in the March 2018 quarter
Sales rise 14.97% to Rs 314.56 crore
Motilal Oswal Financial Services consolidated net profit rises 64.00% in the March 2018 quarter
Sales rise 42.85% to Rs 752.10 crore
DLF consolidated net profit rises 70.52% in the March 2018 quarter
Sales decline 38.09% to Rs 1377.66 crore
Cigniti Technologies reports standalone net profit of Rs 10.60 crore in the March 2018 quarter
Sales decline 41.44% to Rs 59.34 crore
Velox Industries reports standalone net loss of Rs 0.03 crore in the March 2018 quarter
Reported sales nil
Noida Toll Bridge Company reports standalone net loss of Rs 13.09 crore in the March 2018 quarter
Sales rise 75.68% to Rs 5.13 crore
Alchemist Realty reports standalone net profit of Rs 1.63 crore in the March 2018 quarter
Reported sales nil
Cigniti Technologies reports consolidated net profit of Rs 19.80 crore in the March 2018 quarter
Sales rise 40.30% to Rs 178.64 crore