Page 3898 - Business Finance
Global Markets: Stocks, oil and dollar rise as trade war put 'on hold'
LONDON (Reuters) - Stocks, oil prices and the dollar were on the rise on Monday after the U.S.-China trade war was declared "on hold" while in Europe, Italy's borrowing costs climbed and the Milan bourse retreated as two anti-establishment parties got closer to power.
Sensex falls for fifth session; financial, pharma stocks drop
(Reuters) - Indian shares ended lower for a fifth straight session on Monday, with the NSE index closing at its lowest level in more than a month, as political turmoil in the southern state of Karnataka unnerved investors.
Oil price surge will push India's CAD up to 2.5% of GDP: SBI
Even though oil is now considered less of an independent driver of business cycles than before, the State Bank of India (SBI) on Monday said the recent surge in crude oil prices is likely to impact the country's imports and stretch the ongoing fiscal's current account deficit (CAD) to 2.5 per cent of GDP.
Sensex extends losses for 5th day, tanks 232 pts
Benchmark Sensex plunged over 232 points to end at 34,616.13 today, extending its fall to the fifth straight session over political and macroeconomic concerns. Investors were wary after BJP's B S Yeddyurappa resigned as the chief minister of Karnataka on Saturday minutes before he was to face a floor test to prove his contested majority in the hung assembly, paving the way for the JD(S)-Congress combine to form the government. Sentiment got another jolt after Moody's Investors Service downgraded PNB's rating, citing the impact of recent fraud on its capital as well as weak internal controls, brokers said. The 30-share Sensex had soared about 126 points to hit a high of 34,973.95 in early trade but gave up its gains following a widespread sell-off, which dragged it down to 34,593.82. The gauge finally ended at a nearly one-month low of 34,616.13, down 232.17 points or 0.67 per cent. This is its weakest closing since April 25 when it had finished at 34,501.60. It had lost 708.41 points .
IT Min may firm-up package of measures to boost electronics exports by June
The IT Ministry may finalise a package of measures to boost electronics exports as early as June this year, according to a senior government official. These set of measures -- that are expected to precede the new overarching national electronics policy currently being crafted -- will aim at improving the ease of doing business and removing impediments faced by companies in exporting to overseas markets. The data protection framework that is currently being worked on by committee of experts headed by Justice B N Srikrishna, a former Supreme Court judge, is also expected to be finalised by June, two officials familiar with deliberations said. "The package of measures to accelerate exports is expected to be finalised by June. It will entail measures on ease of doing business ... We will also simplify a few processes to do with exports," one of the officials said. One of the proposals under discussion pertains to streamlining the procedure and increasing the timelines allowed to ...
Infibeam Incorporation to acquire Dubai based Vavian International
Through its subsidiary Infibeam Global EMEAFZ-LLC
Advanced Enzyme Technologies standalone net profit rises 13.99% in the March 2018 quarter
Sales rise 11.73% to Rs 59.64 crore
Sanghi Industries standalone net profit declines 29.20% in the March 2018 quarter
Sales rise 2.83% to Rs 253.63 crore
Poddar Pigments standalone net profit declines 15.94% in the March 2018 quarter
Sales rise 5.14% to Rs 88.81 crore
Solitaire Machine Tools standalone net profit declines 47.06% in the March 2018 quarter
Sales decline 33.98% to Rs 4.80 crore
Balrampur Chini Mills reports standalone net loss of Rs 42.69 crore in the March 2018 quarter
Sales rise 21.21% to Rs 1025.52 crore
Super Spinning Mills reports standalone net loss of Rs 6.76 crore in the March 2018 quarter
Sales decline 30.74% to Rs 58.55 crore
Dalmia Bharat standalone net profit declines 17.52% in the March 2018 quarter
Sales rise 7.22% to Rs 54.05 crore
WEP Solutions standalone net profit declines 43.75% in the March 2018 quarter
Sales decline 3.66% to Rs 18.93 crore
Bengal Tea & Fabrics reports standalone net loss of Rs 4.60 crore in the March 2018 quarter
Sales decline 31.09% to Rs 22.08 crore
Shree Hari Chemicals Export reports standalone net loss of Rs 2.11 crore in the March 2018 quarter
Sales decline 70.51% to Rs 10.43 crore
Fine Line Circuits reports standalone net profit of Rs 0.02 crore in the March 2018 quarter
Sales rise 24.61% to Rs 7.24 crore
Pennar Industries standalone net profit rises 128.21% in the March 2018 quarter
Sales rise 22.17% to Rs 343.09 crore
Delta Magnets reports standalone net loss of Rs 0.28 crore in the March 2018 quarter
Sales rise 26.98% to Rs 5.93 crore
WEP Solutions reports consolidated net loss of Rs 0.41 crore in the March 2018 quarter
Sales decline 2.53% to Rs 19.23 crore