Page 416 - Business Finance
Mahindra Logistics consolidated net profit rises 14.84% in the March 2019 quarter
Sales rise 13.67% to Rs 1014.68 crore
BSE consolidated net profit declines 16.46% in the March 2019 quarter
Sales decline 11.94% to Rs 168.16 crore
Eimco Elecon (India) consolidated net profit declines 9.87% in the March 2019 quarter
Sales decline 13.08% to Rs 57.76 crore
Essel Propack consolidated net profit rises 16.95% in the March 2019 quarter
Sales rise 10.39% to Rs 693.67 crore
CG Power soars after Yes Bank acquires shares
CG Power and Industrial Solutions rose 6.16% to Rs 38.75 at 15:18 IST on BSE after Yes Bank said it had acquired shares of the company.
Trade tensions, Q4 results drag equity indices lower
Global trade tensions along with disappointing quarterly results suppressed the key Indian equity indices during Wednesday's mid-afternoon trade session.
Hong Kong Market falls as trade war jitters continue
US President Donald Trump's threat to increase tariffs on Chinese imports continues to send shock waves across global financial markets, sinking stocks in the US and Europe overnight. US stocks dropped by the most since March and equities in Europe closed at their lowest in five weeks. In the US, the Dow, S&P 500, and Nasdaq all finished the day solidly in the red, adding to their losses from Monday. The Dow fell about 473 points, marking the second-worst trading day of the year. The S&P 500 was down 1.7% and the Nasdaq fell 2%. European stocks fared poorly too. The FTSE 100, DAX, and CAC 40 all closed 1.6% lower. The pan-European Stoxx 600 fell 1.4%.
Bajaj ED Rakesh Sharma elected as IMMA Vice-President
Auto industry body SIAM said Wednesday Bajaj Auto Executive Director Rakesh Sharma has been elected as Vice-President of Geneva-based International Motorcycle Manufacturers Association (IMMA). Sharma, a representative of the Society of Indian Automobile Manufacturers (SIAM), was elected Wednesday during the annual general meeting of (IMMA) at Yogyakarta, Indonesia. "As IMMA advances its strategy for sustainable growth of the two-wheeler industry in every region of the world, we are fortunate to have Rakesh with his wide experience in two and three-wheeler industry, to steer IMMA towards being the trusted global voice of the motorcycle manufacturers," IMMA President Johannes Loman said in a statement. Geneva-based IMMA has membership from various manufacturers associations from across the world.
Passenger vehicle retail sales dip 2 pc in April: FADA
Automobile dealers' body FADA Wednesday said retail sales of passenger vehicles (PV) in March declined by 2 per cent to 2,42,457 units as compared to the same period last year. PV sales stood at 2,47,278 units in April 2018, according to Federation of Automobile Dealers Associations (FADA). Two-wheeler sales declined by 9 per cent to 12,85,470 units last month compared with 14,09,662 units in the year-ago period. Commercial vehicle sales declined by 16 per cent to 63,360 units against 75,622 units in April last year. Three-wheeler sales saw a dip of 13 per cent to 47,183 units last month. Total sales, across categories, declined by 8 per cent to 16,38,470 units in April, against 17,86,994 units in the same month last year. "On a year-on-year basis, there was de-growth in all the categories as April 2018 had a very high base," FADA President Ashish Harsharaj Kale said in a statement. The near-term outlook continues to be negative to neutral with the absence of any immediate positive ...
China Market sinks on fears US-China trade deal unravelling
US President Donald Trump's threat to increase tariffs on Chinese imports continues to send shock waves across global financial markets, sinking stocks in the US and Europe overnight. US stocks dropped by the most since March and equities in Europe closed at their lowest in five weeks. In the US, the Dow, S&P 500, and Nasdaq all finished the day solidly in the red, adding to their losses from Monday. The Dow fell about 473 points, marking the second-worst trading day of the year. The S&P 500 was down 1.7% and the Nasdaq fell 2%. European stocks fared poorly too. The FTSE 100, DAX, and CAC 40 all closed 1.6% lower. The pan-European Stoxx 600 fell 1.4%.
Zee Entertainment Enterprises Ltd leads losers in 'A' group
Westlife Development Ltd, Cox & Kings Ltd, Vodafone Idea Ltd and Indiabulls Real Estate Ltd are among the other losers in the BSE's 'A' group today, 08 May 2019.
Nagreeka Capital & Infrastructure Ltd leads losers in 'B' group
Alpa Laboratories Ltd, Manaksia Coated Metals & Industries Ltd, Ind Bank Housing Ltd and Punjab Communications Ltd are among the other losers in the BSE's 'B' group today, 08 May 2019.
Volumes spurt at Security & Intelligence Services India Ltd counter
Security & Intelligence Services India Ltd registered volume of 3.6 lakh shares by 14:19 IST on NSE, a 13.2 fold spurt over two-week average daily volume of 27299 shares
UPL gains as board to mull bonus issue
UPL rose 1.20% to Rs 962.75 at 14:18 IST on BSE after the company said its board will consider a proposal to issue bonus shares on 17 May 2019.
Weakness in global air freight demand continues: IATA
The demand for air cargo globally continues to face headwinds due to weakening businesses and growing trade tensions, the International Air Transport Association (IATA) has said.Global trade volumes have fallen by one per cent over the past year, while economic activity and consumer confidence continue to weaken.The export order component of the global manufacturers Purchasing Managers Index (PMI) indicates falling global export orders since September 2018, said IATA that represents some 290 airlines comprising 82 per cent of the air traffic worldwide.Air freight markets show that demand measured in freight tonne kilometres (FTKs), increased just 0.1 per cent in March 2019 compared to the same period in 2018. "While this is a significant improvement on 4.9 per cent contraction in February in seasonally adjusted terms, demand is still down 1.5 per cent over the past year."Freight capacity measured in available freight tonne kilometres (AFTKs) rose by 3.1 per cent year-on-year in March .
Market off day's low
Stocks cut losses in mid-afternoon trade after an intraday slide. At 14:16 IST, the barometer index, the S&P BSE Sensex, was down 295.15 points or 0.77% at 37,981.48. The Nifty 50 index was down 84.80 points or 0.74% at 11,413.10. Pharma shares fell. Sentiment was weak amid worries of an unsuccessful US-China trade negotiation.
Globus Spirits standalone net profit rises 949.64% in the March 2019 quarter
Sales rise 37.99% to Rs 270.89 crore
Avantel reports standalone net profit of Rs 3.15 crore in the March 2019 quarter
Sales rise 1.54% to Rs 14.48 crore