Page 3901 - Business Finance

CCL Products (India) standalone net profit declines 14.34% in the March 2018 quarter

Sales rise 6.96% to Rs 224.80 crore

Colgate-Palmolive (India) standalone net profit rises 32.40% in the March 2018 quarter

Sales rise 5.08% to Rs 1085.06 crore

PPAP Automotive standalone net profit rises 63.84% in the March 2018 quarter

Sales rise 32.67% to Rs 127.62 crore

TTK Prestige standalone net profit declines 31.01% in the March 2018 quarter

Sales rise 13.77% to Rs 416.36 crore

Precot Meridian reports standalone net loss of Rs 8.02 crore in the March 2018 quarter

Sales rise 13.51% to Rs 182.04 crore

TTK Prestige consolidated net profit declines 32.36% in the March 2018 quarter

Sales rise 11.62% to Rs 443.66 crore

Dhunseri Tea & Industries reports standalone net loss of Rs 9.53 crore in the March 2018 quarter

Sales decline 0.72% to Rs 38.72 crore

Gallantt Metal standalone net profit rises 376.62% in the March 2018 quarter

Sales rise 50.43% to Rs 268.19 crore

Narendra Properties reports standalone net loss of Rs 0.21 crore in the March 2018 quarter

Reported sales nil

Kapashi Commercial reports standalone nil net profit/loss in the March 2018 quarter

Sales decline 63.16% to Rs 0.07 crore

CCL Products (India) consolidated net profit rises 32.58% in the March 2018 quarter

Sales rise 7.37% to Rs 320.88 crore

Sugar up by Rs 200 per quintal on speculative buying

Sugar prices staged a strong comeback by bouncing up to Rs 200 per quintal at the wholesale market in the national capital today, supported by speculative buying by stockists as well as bulk consumers amid thin supplies. Traders said emergence of buying by stockists, mostly of a speculative nature on talks that the government might announce some more measures to curb falling sweetener prices. Besides, pick up in offtake at current attractive levels by bulk consumers such as ice-cream and soft-drink makers supported the recovery in prices, they added. Coming to price section, sugar ready M-30 and S-30 soared by Rs 200 each to settle the day at Rs 2,950-3,080 and Rs 2,940-3,070 per quintal, respectively. Mill delivery M-30 and S-30 prices also climbed by Rs 160 each to conclude at Rs 2,700-2,840 and Rs 2,690-2,830 per quintal. In the mill gate section, sugar Dorala and Sakoti recorded a hefty rise of Rs 180 each to finish at Rs 2,770 and Rs 2,750, while Mawana and Asmoli shot up by Rs .

TTK Prestige Q4 net falls 32 pc to Rs 37 cr

Kitchen appliances maker TTK Prestige today reported a 32.35 per cent decline in consolidated net profit at Rs 37.44 crore for the fourth quarter ended March 2018. The company had reported a net profit of Rs 55.35 crore in the January-March quarter of the previous fiscal. Total income during the quarter under review stood at Rs 448.22 crore. It was Rs 399.07 crore in the year-ago period, TTK Prestige said in a BSE filing. The company said revenue figures (part of total income) are not strictly comparable with previous year since the previous year figures included excise duty. The company's board has recommended a dividend of Rs 30 per equity share for the year. Shares of TTK Prestige today closed 4.92 per cent down at Rs 5,735.90 apiece on BSE.

India's GDP growth in Q4 of FY18 seen at 7.4%: Icra

Rating agency Icra expects GDP growth in January-March 2017-18 at 7.4 per cent on account of good rabi crop harvest and improved corporate earnings, up from 7.2 per cent in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal 2017-18 and provisional annual estimates for the year 2017-18 on May 31. "The domestic GDP growth rate is expected to improve to 7.4 per cent in Q4 FY2018 from 7.2 per cent in Q3 FY2018, exceeding the implicit forecast of 7.1 per cent embedded in the CSO's Second Advance Estimate of National Income for 2017-18," Icra said in a release. As per Icra, the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms is likely to record a considerable recovery to 7.3 per cent in Q4 FY2018 from 6.7 per cent in Q3 FY2018, thereby rebounding above 7 per cent after a gap of five quarters. This revival in the fourth quarter, relative to the previous three months, .

Govt anti-people, not passing low crude oil price benefit to consumers: Sharad

Former Union minister Sharad Yadav today blamed the rise in petrol and diesel prices on the "anti-people" central government, saying it was using the revenue to cover its fiscal deficit instead of passing on the benefits of relatively low international crude price to consumers. "Petrol and diesel prices have touched an all-time high when international prices are less than half of what they were when the present government came to power. Instead of covering its fiscal deficit, it should pass on benefits of low international prices to consumers," he said. Petrol price yesterday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers. Petrol price increased by 33 paisa a litre in Delhi -- the highest since the daily price revision came into force in mid-June 2017, and diesel by 26 paisa, according to price notification issued by state-owned oil ...

Market slides for 5th straight session

The market declined for a fifth straight session as the political situation in Karnataka left investors uneasy. The barometer index, the S&P BSE Sensex, fell 232.17 points or 0.67% to 34,616.13, as per the provisional closing data. The Nifty 50 index fell 79.70 points or 0.75% to 10,516.70, as per the provisional closing data.

Board of Colgate-Palmolive (India) appoints director

At meeting held on 21 May 2018

Board of Kapil Raj Finance approves change in directorate

At meeting held on 19 May 2018

Kitex Garments tumbles after dismal Q4 outcome

Kitex Garments lost 19.32% to Rs 182.65 at 14:58 IST on BSE after net profit dropped 61.53% to Rs 10.33 crore on 25.82% fall in total income to Rs 131.94 crore in Q4 March 2018 over Q4 March 2017.

L Catterton Asia to acquire 10% stake in Future Lifestyle Fashions

French luxury goods conglomerate LVMH-backed private equity firm L Catterton Asia will acquire 10 per cent stake in Kishore Biyani-led Future Lifestyle Fashions (FLFL) for an undisclosed sum. L Catterton Asia will acquire an approximately 10 per cent stake in FLFL through a mix of preferential allotment and secondary purchase of shares," FLFL said in a regulatory filing today. "L Catterton Asia's significant investment in FLFL will enable FLFL's retail formats, Central and Brand Factory, and own brands to leverage the global fashion and retail expertise of L Catterton to further strengthen and expand the business," the company said. Future Group Founder and CEO Kishore Biyani said this investment reinforces FLFL's position as India's leading lifestyle fashion company while opening up avenues of global collaboration for us. L Catterton Asia Chairman and Managing Partner Ravi Thakran said, "We have jointly identified areas where we can bring our unparalleled fashion and brand experience