Page 3882 - Business Finance
Faze Three standalone net profit rises 213.20% in the March 2018 quarter
Sales decline 4.42% to Rs 61.90 crore
63 Moons Technologies reports standalone net loss of Rs 17.25 crore in the March 2018 quarter
Sales decline 15.26% to Rs 30.42 crore
Alchemist reports standalone net profit of Rs 1.30 crore in the March 2018 quarter
Sales rise 49.77% to Rs 6.65 crore
Lee & Nee Software (Exports) standalone net profit declines 60.00% in the March 2018 quarter
Sales rise 2.94% to Rs 0.70 crore
V I P Industries standalone net profit rises 109.97% in the March 2018 quarter
Sales rise 19.80% to Rs 362.56 crore
Bosch standalone net profit declines 1.52% in the March 2018 quarter
Sales rise 22.66% to Rs 3158.03 crore
Bharat Forge standalone net profit declines 51.65% in the March 2018 quarter
Sales rise 30.29% to Rs 1466.61 crore
V I P Industries consolidated net profit rises 83.32% in the March 2018 quarter
Sales rise 19.65% to Rs 362.56 crore
Dr Reddy's Laboratories consolidated net profit declines 19.40% in the March 2018 quarter
Sales decline 0.54% to Rs 3534.90 crore
GE Power India standalone net profit rises 32.04% in the March 2018 quarter
Sales rise 12.53% to Rs 366.45 crore
NRB Bearings standalone net profit rises 129.76% in the March 2018 quarter
Sales rise 25.18% to Rs 235.33 crore
AYM Syntex standalone net profit declines 60.37% in the March 2018 quarter
Sales rise 19.19% to Rs 225.75 crore
Sundaram Clayton standalone net profit rises 156.18% in the March 2018 quarter
Sales rise 26.48% to Rs 453.64 crore
TVS Srichakra standalone net profit declines 10.74% in the March 2018 quarter
Sales rise 16.15% to Rs 552.85 crore
Elegant Marbles and Grani Industries standalone net profit declines 29.44% in the March 2018 quarter
Sales decline 39.60% to Rs 5.49 crore
Hybrid Financial Services standalone net profit rises 133.33% in the March 2018 quarter
Sales rise 19.35% to Rs 0.37 crore
State Bank of India reports standalone net loss of Rs 7718.17 crore in the March 2018 quarter
Total Operating Income rise 18.04% to Rs 55941.28 crore
Outcome of Fortis EGM awaited
An extraordinary general meeting of the shareholders of cash-strapped Fortis Healthcare was held at Air force Auditorium this morning to vote on a call for removal of four directors given by two institutional investors. Three directors -- Lt Gen Tejinder Singh Shergill, Harpal Singh and Sabina Vaisoha -- out of the four, have already resigned and only Brian Tempest continued to be on the board at the time of voting. According to people aware of the proceedings, Tempest read out the agenda before the proceedings. The outcome of the voting is awaited. While seeking removal of the four directors, National Westminster Bank Plc as trustee of Jupiter India Fund and East Bridge Capital Master Fund, had also sought appointment of Suvalaxmi Chakraborty, Ravi Rajagopal and lndrajit Banerjee to the company's board as new independent directors. The two institutional investors, which together hold 12.04 per cent stake in Fortis Healthcare, had demanded removal of the four directors last month ...
HC rejects IHCL's plea against tender process to auction hotel
The Delhi High Court today dismissed a plea by Tata Group-owned Indian Hotels Company Ltd (IHCL), challenging the tender procedure for the proposed auction of Delhi's Taj Mahal Hotel by the NDMC. The verdict was pronounced by a bench of Justices S Ravindra Bhat and A K Chawla. The court had reserved its order on May 3 after hearing arguments of the counsel for the IHCL and New Delhi Municipal Council (NDMC) which had claimed that it had not prejudiced the Tatas in any way. The apex court had on April 20 last year allowed the civic agency to e-auction the iconic five-star hotel Taj Mansingh, currently being run by Tata Group firm IHCL, in the heart of the national capital. The Tatas had moved the division bench of the high court against the September 5, 2016 judgement of a single judge who had not acceded to the firm's request for renewal of licence for a further period, saying it was not entitled for the extension. The IHCL had submitted in the court that the NDMC has failed to ...
Bosch Q4 standalone net down 1.51% at Rs 433.78 cr
Auto component major Bosch today reported 1.51 per cent decline in its standalone net profit at Rs 433.78 crore for the fourth quarter ended March 31, 2018. The company had posted a standalone net profit of Rs 440.47 crore in the year-ago quarter, Bosch said in a BSE filing. Standalone revenue from operations during the quarter under review stood at Rs 3,158.03 crore. It was at Rs 2,780.2 crore in the same quarter last year. The two figures are not comparable as revenue from operations is presented as net of GST after its implementation on July 1, 2017, the company added. Consolidated net profit for the year 2017-18 was at Rs 1,370.72 crore as against Rs 1,741.12 crore in the year-ago quarter, it said. Consolidated revenue from operation for 2017-18 was at Rs 11,872.24 crore. It was at Rs 11,242.56 crore in the previous fiscal. Bosch said its board has also recommended a dividend of Rs 100 per equity share of Rs 10 each, for the financial year ended March 31, 2018.