Page 481 - Business Finance
Yes Bank reports standalone net loss of Rs 1506.64 crore in the March 2019 quarter
Total Operating Income rise 36.80% to Rs 7856.54 crore
Shilp Gravures standalone net profit rises 40.56% in the March 2019 quarter
Sales decline 1.10% to Rs 17.99 crore
SKP Securities consolidated net profit declines 90.22% in the March 2019 quarter
Sales decline 53.54% to Rs 2.69 crore
Actress Mimi Chakraborty declares Rs 2.43 cr assets
Bengali film actress and Trinamool Congress' candidate for Jadavpur Lok Sabha constituency, Mimi Chakraborty has declared assets worth over Rs 2.43 crore.
PayPal makes $500mn investment in Uber: Report
Global online payments system PayPal is investing $500 million in Uber ahead of the highly anticipated Initial Public Offering (IPO), the media cited the ride-sharing major updated S1 filing.
Moving beyond brownfield assets for infrastructure investors
Given the size of the Indian economy and expectations of future growth, infrastructure remains a crucial area of focus for both financial and strategic investors alike. As capital flow gradually picks up in the sector over the last five years and operational assets are bought out, the obvious question is: What next in terms of infrastructure projects?
Musk reaches settlement with US SEC over Twitter use
After weeks of negotiation with the US Securities and Exchange Commission (SEC) over his controversial Twitter activities, Tesla CEO Elon Musk has agreed to more specific oversight on his tweets about the company.
Own your dream home with Bajaj Housing Finance Limited's home loan
Buying a home is one of the biggest financial transactions and a personal milestone for many. This is achievable only when one has the necessary finances in place.Recent research by Reuters shows that real-estate prices will grow only marginally this year, at about 1.3 per cent, owing to a sluggish economy. In fact, in Delhi, prices are expected to fall. As a result, it's safe to say that if you've been inching towards making a real estate investment in the past few years, 2019 is a good year to take the leap of faith. Considering the fact that housing prices won't see a sharp rise, there will be plenty of shoppers in the market looking to buy a home this year.A home loan is a perfect financial option for those looking to purchase a new home. With the help of the home loan, you can increase your chances of buying your dream home without digging into your savings. One such option is Bajaj Housing Finance Limited's home loan. Take a look at what makes it one of the best in the country.A
ICRA downgrades Reliance Capital to A4 with negative implications
Rating agency ICRA has revised its ratings for Anil Ambani-led Reliance Capital and its subsidiaries from A2 to A4 with negative implications."The ratings continue to be on watch with negative implications," said ICRA, adding that this reflects slow pace of monetisation of Reliance Capital's non-core investments (non-financial services businesses) and consequently no improvement in liquidity.In addition, the liquidity of key operating subsidiaries Reliance Commercial Finance and Reliance Home Finance also remains stretched as was earlier highlighted in rating rationale whereby the debt repayments in the next six months are higher than scheduled inflows.The visibility of raising funds by the parent is lower than prior expectations. With weakening financial flexibility amid large quantum of borrowings due for repayment in the near term, the timeliness of receipt of funds from divestments of some of its potential core and non-core investments remains critical, said ICRA."At the same ...
China's largest Gifts & Home Fair opens April 25 with 2,500 exhibitors
/ -- The 27th China (Shenzhen) International Gifts, Handicrafts, Watches & Houseware Fair opened April 25 at the Shenzhen Convention and Exhibition Center ("Gifts & Home" for short). Organized by the Reed Huabo Exhibition Co., Ltd, this four-day fair brings together over 2,500 reliable suppliers from China and beyond presenting their most competitive and creative products at 5,300 booths across 9 halls. Around 90,000 global buyers from more than 60 countries and regions are expected to join this annual event, including Hong Kong, Taiwan, Macau, Korea, Malaysia, Singapore, India, Russia and the United States. Well-known enterprises gather in Gifts & Home Chinese gift market has reached CNY one trillion. In the past five years, the total revenue of China's gift industry has grown by 9.2% annually. China's consumer market will continue to expand by around half and China will account for 20% of the world' s consumption by 2020, worth USD 2 trillion. Because of this enormous ...
US stocks gain after stronger-than-expected economy report
US stocks closed higher as the market was buoyed by a better-than-expected US GDP growth for the first quarter, offsetting a string of falling chip stocks.
Rahul Gandhi hits out at PM Modi, says watchman with '56-inch chest' lost historic opportunity bestowed on him
Rahul Gandhi on Friday hit out at Prime Minister Narendra Modi alleging that the "56-inch watchman" failed to use the historic opportunity bestowed on him after the 2014 Lok Sabha elections to uphold the promise of providing employment."Prime Minister had a historic opportunity. He was supposed to work for the youth as without them the progress of the country is not possible. It is very important to give employment to the youth. But the 56-inch chest watchman failed to keep his promise of providing 20 million jobs," Rahul Gandhi said in an election rally here."The youth of the country is ready to face the challenges. They all are capable of competing against China they believe in Made in India concept. But, the Modi government is not cooperating with them. Therefore, we have decided that youth would not be required to take any permission for at least three years to start their business," he said.Claiming that people are fed up of fake promises of PM Modi and now calling their ...
Trump says Saudi Arabia, others agree to boost oil production
President Donald Trump said Friday Saudi Arabia and others in OPEC agreed to his request to boost oil production in order to tamp down prices. "Spoke to Saudi Arabia and others about increasing oil flow. All are in agreement," Trump said on Twitter. Earlier in the day he said his efforts to persuade the OPEC oil producers were working and gasoline prices were coming down. But he blamed taxes in California for high prices there.
CBI arrests Goa customs officer for disproportionate assets
CBI on Friday arrested a preventive officer of Goa customs department and his father in a matter pertaining to disproportionate assets.The investigative agency also recovered Rs 1.18 crore from the father-son duo.Acting on a tip-off, the CBI officers raided the premises of Prem Prakash Gupta and recovered documents which show that he was in possession of a flat worth Rs 49lakh, Provident Fund and mutual fund investments valued at Rs 8.8 lakh and Rs 15 lakh in cash.During the investigation, it was also found that Gupta's father withdrew Rs 1.19 crore from a bank in Daltonganj, Jharkhand.Further investigation is underway.
Ombudsman scheme extended to non deposit-taking NBFCs
The Reserve Bank of India (RBI) on Friday extended the "ombudsman scheme" for non-banking financial companies (NBFCs) to non deposit-taking NBFCs with asset size of at least Rs 100 crore.
Amazon considering one-day free delivery option for Prime members
Amazon Prime members will be able to receive their online orders in less than two days as the company is mulling over a new delivery model.Currently, Prime users have to pay extra if they want one-day delivery. The new model will reduce the delivery time from two whole days to one-day shipping at no extra cost, Mashable reports.The announcement arrives on the heels of Amazon's first quarter earnings call, during which the e-commerce giant reported that its sales went up 17 per cent to USD 59.
Supply chain start-up Ninjacart raises $100m
Vegetables, fruits and grocery supply chain startup Ninjacart said on Friday that it has raised $100 million (Rs 699 crore) from leading investment firm Tiger Global to build capacity for serving retailers and restaurants across the country.
Combined assets up 61% for Trinamool MPs re-contesting phase-4
Aggregate assets, declared by four Trinamool Congress MPs, who are re-contesting the fourth phase of Lok Sabha polls, have soared by over 61 per cent to about Rs 30.73 crore altogether during last five years from the combined assets worth over Rs 18.98 crore shown by them in 2014, a report said on Friday.
Hong Kong Market closed up on bargain buying
Blue chips were mostly higher. HSBC (00005) edged up 0.1% to HK$67. HKEX (00388) gained 0.9% to HK$272.8. Tencent (00700) nudged up 0.3% to HK$384. China Mobile (00941) put on 1.2% to HK$75.05. AIA (01299) inched up 0.1% to HK$79.9.
China Market extends losses on stimulus worries
China's central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday, as the market debates how much more support Beijing will give the economy after surprisingly resilient data was released last week.