Page 3881 - Business Finance
Hatsun Agro Product standalone net profit declines 93.77% in the March 2018 quarter
Sales decline 13.59% to Rs 1051.58 crore
Roselabs Finance reports standalone nil net profit/loss in the March 2018 quarter
Sales reported at Rs 0.03 crore
Amalgamated Electricity Company reports standalone net loss of Rs 0.02 crore in the March 2018 quarter
Sales reported at Rs 0.01 crore
KJMC Corporate Advisors (India) reports standalone net loss of Rs 0.75 crore in the March 2018 quarter
Sales decline 78.65% to Rs 0.19 crore
Prime Urban Development India reports standalone net loss of Rs 11.36 crore in the March 2018 quarter
Sales rise 138.94% to Rs 39.21 crore
Southern Online Bio Technologies reports standalone net loss of Rs 10.87 crore in the March 2018 quarter
Sales decline 81.63% to Rs 0.81 crore
M&S to close 100 UK stores by 2022
LONDON (Reuters) - British retailer Marks & Spencer said on Tuesday it would close over 100 stores in its home market by 2022, accelerating a programme to re-shape its store estate as more sales move online.
V R Woodart reports standalone net loss of Rs 0.01 crore in the March 2018 quarter
Reported sales nil
Orient Bell standalone net profit rises 29.33% in the March 2018 quarter
Sales decline 1.26% to Rs 200.39 crore
SBI reports net loss of Rs.7,718 cr in Q4
The State bank of India (SBI) on Tuesday reported a net loss of Rs. 7,718 crore in the fourth quarter of the previous fiscal (Q4).As per the Bank, the losses incurred were on account of lower trading income and significant MTM losses due to hardening of bond yields, incremental provision during the quarter for non-performing assets (NPAs) and higher provisioning on account of wage revision and enhancement in gratuity ceiling.In Q4 of the financial year 2017-18, the Bank's operating profit declined by 8.24 percent from Rs. 17,309 crore in Q4 last fiscal to Rs.15, 883 crore in the fourth quarter of the current fiscal. Meanwhile, net interest income for the same period declined by 5.18 percent from Rs. 21,065 crore to Rs. 19,974 crore, contributed mainly by reduction in MCLR and base rate and increase in NPAs.Gross NPAs increased from Rs.1, 77, 866 crore as of March 2017 to Rs. 2, 23, 427 crore as of March this year, whereas net NPA increased from Rs. 96,978 crore to Rs. 1,10,855 crore .
Steps to deal with rising petrol, diesel prices likely this week
Facing "crisis situation" created by rising fuel prices, the government is likely to come out with "some steps" this week to deal with record high petrol and diesel rates, a senior official said today. The government may not rely only on cutting excise duty, which makes up for a fourth of the retail selling price, the official said but did not elaborate. "Rising fuel price is a crisis situation for government and it has to be handled with combination of steps. Finance ministry is consulting the petroleum ministry on rising crude prices," he said. More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs. Petrol costs Rs 76.87 per litre in Delhi and diesel costs Rs 68.08 a litre. In last nine days, petrol price has risen by Rs 2.24 a litre and diesel by Rs 2.15. Rates vary from state to state depending on the incidence of local sales tax or VAT. The prices in Delhi are the ...
State Bank of India posts deepest-ever quarterly loss, expects bad loans to drop
(Reuters) - State Bank of India (SBI) reported its deepest-ever quarterly loss on Tuesday, far beyond analyst estimates, due to higher provisions for bad loans, but said it expects a key bad loan metric to fall sharply in two years.
Market ends higher on bargain hunting
Domestic shares snapped a five-session losing streak on bargain hunting. The barometer index, the S&P BSE Sensex, rose 35.11 points or 0.10% to 34,651.24, as per the provisional closing data. The Nifty 50 index rose 20 points or 0.19% to 10,536.70, as per the provisional closing data.
Sensex, Nifty close slightly higher; SBI, Dr. Reddy's gain
(Reuters) - Indian shares ended slightly higher on Tuesday, driven by gains in Dr. Reddy's Laboratories Ltd and State Bank of India (SBI) following their quarterly results.
Milkbasket raises $7 million from Kalaari, others
Grocery delivery startup Milkbasket has raised USD 7 million in Series A funding round, led by Kalaari Capital. Singapore-based BeeNext and existing investors, Unilever Ventures and Blume Ventures, also participated in the round, the company said in a release today. The funds will be used for innovations in supply chain efficiencies and last mile logistics, it added. Anant Goel, chief executive officer, Milkbasket, said this funding will help the company to continue investing in talent, technology and territory. With this funding round, the company has raised USD 10 million from Kalaari Capital, BeeNext, Unilever Ventures, Blume Ventures and Lenovo Capital. It had also raised USD 1 million in seed and angel investment from a clutch of Chinese venture funds and domestic angels including Milkbasket customers earlier. The startup claims to have achieved positive unit economics within first six months of inception and offers 'flexi-ordering' till midnight, with delivery by 7
Dr Reddy's Labs gains after declaring Q4 result
Dr Reddy's Laboratories rose 1.78% to Rs 1,928 at 14:45 IST on BSE after the pharma major declared result for Q4 March 2018 during trading hours today, 22 May 2018.
Mahanagar Gas Ltd leads losers in 'A' group
Eros International Media Ltd, PNB Housing Finance Ltd, Bharat Forge Ltd and JK Tyre & Industries Ltd are among the other losers in the BSE's 'A' group today, 22 May 2018.
Sensex halts 5-day slide in volatile trade
Reversing a five-session slide, benchmark Sensex rose over 35 points to end at 34,651.24 in see-saw trade today as participants accumulated recently beaten down auto, metal, banking and realty stocks. Asian markets ended mixed following a good show by US stocks as investors applauded easing of trade tensions between the US and China. The 30-share Sensex opened in the green and hit a high of 34,754.60, but witnessed bouts of volatility. It finally settled at 34,651.24, showing a gain of 35.11 points, or 0.10 per cent. The index had lost 940.58 points in the previous five sessions as investors rushed to unwind bets following post-poll instability in Karnataka amid discouraging global cues. The broader NSE Nifty, after shuttling between 10,558.60 and 10,490.55, finished the day at 10,536.70, showing a gain of 20 points, or 0.19 per cent. SBI rose 3.69 per cent despite the lender today posting a standalone net loss of Rs 7,718 cr in Q4 on mounting bad loans. Meanwhile, domestic ...
Dr Reddy's Laboratories standalone net profit declines 20.76% in the March 2018 quarter
Sales rise 7.52% to Rs 2476.60 crore