Page 459 - Business Finance

Astec Lifesciences consolidated net profit declines 25.87% in the March 2019 quarter

Sales rise 4.21% to Rs 133.76 crore

Indian Hotels Co consolidated net profit rises 52.04% in the March 2019 quarter

Sales rise 8.82% to Rs 1244.32 crore

Tube Investments of India consolidated net profit rises 48.49% in the March 2019 quarter

Sales rise 10.44% to Rs 1263.82 crore

Stampede Capital reports consolidated net loss of Rs 37.89 crore in the March 2019 quarter

Sales decline 86.44% to Rs 13.13 crore

Ajanta Pharma consolidated net profit declines 5.93% in the March 2019 quarter

Sales decline 2.86% to Rs 515.16 crore

Raymond consolidated net profit rises 27.11% in the March 2019 quarter

Sales rise 10.97% to Rs 1808.71 crore

Shoppers Stop standalone net profit declines 44.90% in the March 2019 quarter

Sales decline 6.89% to Rs 791.06 crore

Indian Acrylics consolidated net profit rises 76.98% in the March 2019 quarter

Sales rise 73.78% to Rs 247.48 crore

Shares may slide at opening bell

Market is seen opening lower tracking mixed leads from Asian markets and overnight decline on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 59.50 points at the opening bell.

Ambuja Cements in focus after Q1 result

Ambuja Cements' consolidated net profit rose 27.08% to Rs 495.44 crore on 8.37% rise in total income to Rs 7097.82 crore in Q1 March 2019 over Q1 March 2018. The result was announced after market hours on Tuesday, 30 April 2019. Stock markets remained closed on 1 May 2019 for a local holiday.

US stocks fall as Fed keeps rates unchanged

US stocks finished lower as Wall Street digested the Federal Reserve's latest statement on monetary policy.

US dollar rises amid Fed's dovish stance on rates

The US dollar increased in late trading on Wednesday, as the US Federal Reserve decided to keep interest rates unchanged amid low inflation pressure, which met market expectations.

US Fed leaves rates unchanged despite Trump pressure

The US Federal Reserve on Wednesday left interest rates unchanged despite pressure from President Donald Trump to lower rates and boost economic growth.

Netherlands' ties with India growing stronger: Ambassador

Marten van den Berg, the Netherlands Ambassador to India on Wednesday, said the ties between India and his country were growing stronger each day.

Prepaid forex cards held by Jet Airways staffers "frozen"

Prepaid forex cards held by staff members of the grounded Jet Airways were "frozen" Wednesday. The cards were given to the Jet staff operating international flights for taking care of the expenses incurred overseas. "Over 1,300 staffers, including 1,000 cabin crew and 300 pilots, have been affected. The money in the cards was saved over multiple trips and they have lost money in this difficult situation," one of the staffers said, requesting not be identified. Some of the employees had savings of up to USD 2,000 in the forex cards, the staffer claimed to illustrate the extent of the problem at hand. Private sector Axis Bank, whose cards were used by the staff, said they have "no role to play" in the happenings. Jet Airways could not be contacted immediately for comments on the issue. A senior official at Weizmann Forex, which is a card distributor for Axis Bank and counts on Jet Airways as a client, confirmed some cards have indeed been "frozen". "Jet owes us Rs 1.62 ...

SEBI directs NSE to deposit over Rs 62 cr in Dark Fibre case

Market regulator SEBI has directed the National Stock Exchange of India to deposit a sum of Rs 62.58 crore plus interest for unfair trade practice that allowed the usage of "Dark Fibre" in the co-location case.

Apple records Q1 revenue at USD 58 billion

Apple recorded its Q1 2019 revenue of USD 58 billion, a slight decline of 5 per cent from last year. However, the company reached an all-new high in terms of services revenue.Apple posted USD 11.5 billion in services revenue, which includes Apple Music, as its installed base reached 1.4 billion active devices. In the March quarter, the company generated operating cash flow of USD 11.2 billion.The company witnessed record-setting sales in Wearables, Home and Accessories category. Apple recorded the strongest iPad growth in six years. For the next quarter, Apple estimates revenue between USD 52.5 billion and USD 54.5 billion.

LPG, ATF prices hiked for third time this year on firming global rates

LPG prices were hiked 28 paisa per cylinder

Iraq remains India's top oil supplier in FY19, imports from US up 4-folds

Saudi Arabia has traditionally been India's top oil source, but it was for the first time dethroned by Iraq in 2017-18 fiscal year

Fuel, interest cost subdue passenger car major's April sales (Roundup)

High interest and fuel cost along with liquidity constraints continued to subdue passenger car major -- Maruti and Hyundai's -- domestic sales in April.