Page 404 - Business Finance
Temple Gold: Tirupati temple has 9,259 kg gold
The Sri Venkateswara Temple at Tirumala here owns 9,259 kg of gold deposited with various banks and in its treasury, a senior temple official said on Monday.
Mega fund raising in telecom shows promoters' seriousness despite structural issues: COAI
The massive fund raising exercise in telecom sector via rights issue underpins the seriousness of promoters and their continued faith in fundamentals and dynamics of the market despite "adverse circumstances" and "structural issues", that need to be urgently fixed, COAI has said. According to COAI Director General Rajan S Mathews, it shows the seriousness of the players to continue to fund their operations adequately. "Companies are facing severe economic turbulence from issues that could have been fixed by the government, viz 30 per cent levies and taxes that the government continues to extract from the industry. Plus the debt factor and its overhang," Mathews told PTI. The industry has taken a responsible call to infuse fresh funds in "some very adverse circumstances", he noted. "This, to my mind, is a responsible decision in some very adverse circumstances...responsible decision of promoters putting in money, showcase their faith in future of the industry and their ability to ...
Varun Beverages consolidated net profit rises 118.09% in the March 2019 quarter
Sales rise 24.15% to Rs 1359.15 crore
Cineline India standalone net profit declines 51.88% in the March 2019 quarter
Sales rise 11.41% to Rs 5.86 crore
Gayatri Sugars standalone net profit declines 79.25% in the March 2019 quarter
Sales decline 15.18% to Rs 129.49 crore
Centenial Surgical Suture standalone net profit rises 50.00% in the March 2019 quarter
Sales rise 20.09% to Rs 13.69 crore
PTL Enterprises standalone net profit declines 47.71% in the March 2019 quarter
Sales reported at Rs 15.79 crore
Gillette India standalone net profit rises 23.05% in the March 2019 quarter
Sales rise 3.09% to Rs 465.51 crore
Landmarc Leisure Corporation reports standalone net profit of Rs 0.76 crore in the March 2019 quarter
Sales decline 36.19% to Rs 1.34 crore
Artemis Global Life Sciences consolidated net profit declines 65.75% in the March 2019 quarter
Sales rise 2.06% to Rs 140.16 crore
AXISCADES Engineering Technologies reports consolidated net profit of Rs 0.67 crore in the March 2019 quarter
Sales rise 8.44% to Rs 161.07 crore
Vertex Securities reports consolidated net loss of Rs 0.01 crore in the March 2019 quarter
Sales decline 25.75% to Rs 1.24 crore
Tata Communications reports consolidated net loss of Rs 198.82 crore in the March 2019 quarter
Sales rise 5.03% to Rs 4243.51 crore
RR Metalmakers India consolidated net profit declines 97.01% in the March 2019 quarter
Sales rise 184.59% to Rs 42.12 crore
EID Parry (India) consolidated net profit rises 1295.06% in the March 2019 quarter
Sales rise 7.83% to Rs 3651.77 crore
Sensex, Nifty fall for seventh straight session
Domestic stocks registered losses for seventh straight trading session weighed by negative global stocks. The barometer index, the S&P BSE Sensex, lost 230.22 points or 0.61% at 37,558.91. The Nifty 50 index lost 57.65 points or 0.51% at 11,301.80.
Jivi Mobiles' manufacturing unit to open in 3 months
In a bid to strengthen its footprint, homegrown mobile phone maker Jivi Mobile said on Thursday that its manufacturing unit in Lonavala, Maharashtra will be fully operational in the next three months, the company said on Thursday.
Online video audience in India expected to grow to 500 mn by 2020: Google
Online videos are "reshaping the way" Indian consumers gather information and make purchase decisions, and the audience for online videos is poised to touch 500 million by 2020, a report by Google Thursday said. According to Google's 'Year in Search - India: Insights for Brands' report, about one-third of all searches for online videos are entertainment related. Other categories like lifestyle, education and business have also shown 1.5-3X growth in the last two years, it added. "Online video is reshaping the way consumers gather information and make purchase decisions...It is playing a big role in the car-buying path to purchase, with 80 per cent of car buyers using it as a research destination," the report said. There has been 270 per cent growth year-on-year in voice searches on Google's platform and consumers across categories are fast adapting to this new search tool for seeking information and discovering content, it said. Also, nine out of 10 new internet users in India are ...
Snapdeal focuseson Tier-II, III user base
E-commerce major Snapdeal Thursday said it focussed on reaching out to customers in tier-II and III cities by offering appropriate products and pricing. The company however said it has no plans to introduce private labels as it would go against the interest of the registered sellers on the platform. Speaking to reporters here, Snapdeal Senior Vice-President (Corporate Affairs and Communications) Rajnish Wahi said currently the company added about 50,000 sellers to its platform last fiscal and now has a seller base of about five lakh across the country. "We are putting together merchandise that is relevant for those consumers (in tier II and III). Those customers were looking at certain price range. If customers find what they want and if they find ample choice they will from tier-II and III and beyond. So we are expanding the relevant selection for them by getting a lot more sellers who understand that," he said. According to him, Delhi and Gujarat are among the places ..