Page 505 - Business Finance
Nagarjuna Oil Refinery announces appointment of IRP
Further, Kranthi Kumar Kedari appointed as the IRP with respect to the Company
Cement stocks drop
Key indices traded in a small range with positive bias in mid-morning trade. At 11:27 IST, the barometer index, the S&P BSE Sensex, was up 71.73 points or 0.19% at 38,636.61. The Nifty 50 index was up 24.40 points or 0.21% at 11,600.35. Cement stocks dropped.
Increased sales boost ACC profit by 38 pc to Rs 346 crore in Jan to Mar quarter
Cement manufacturer ACC has reported 38 per cent increase in its profit after tax at Rs 346 crore in the January to March quarter due to substantial sales volume.The company had posted a net profit of Rs 250 crore in the same period of the previous year.ACC follows January to December as the financial year. Its total income was up 11 per cent in the first quarter to Rs 4,076 crore as against Rs 3,672 crore in the same period of previous fiscal.Net sales during the quarter went up by 8 per cent to Rs 3,850 crore compared to Rs 3,557 crore for the same quarter last year."Our ready mix concrete business has demonstrated consistently strong volume growth quarter after quarter," said Managing Director and CEO Neeraj Akhoury."We are also investing in a pipeline of solutions and products including a portfolio of dry mix products," he said in a statement on Tuesday.ACC total expenses were Rs 3,556 crore as against Rs 3,299 crore, up 7.78 per cent. The prices of fuel and slag rose in the ...
Volumes spurt at Team Lease Services Ltd counter
Team Lease Services Ltd notched up volume of 10032 shares by 10:49 IST on BSE, a 50.41 fold spurt over two-week average daily volume of 199 shares
Oracle Financial Services Software allots 12,969 equity shares under ESOP
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HDFC Bank allots 17.37 lakh equity shares under ESOS
The paid up share capital of the Bank will accordingly increase from Rs.5446613220 equity shares of Rs 2/- each to Rs.5450088276 equity shares of Rs 2/- each.
Rights issue, monetisation to meet fund needs: Vodafone
Vodafone Idea, the country's largest telco by subscribers, on Wednesday said that it will meet its funding requirements as well as other possible capital infusion plans through its Rs 25,000-crore rights issue, which closes today.
ACC tumbles after Q1 results
ACC fell 4.39% to Rs 1585 at 10:52 IST on BSE after consolidated net profit rose 38.20% to Rs 345.99 crore on 8.23% increase in net sales to Rs 3,849.63 crore in Q1 March 2019 over Q1 March 2018.
Positive market breadth
Stocks hovered in positive zone in morning trade. At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 84.40 points or 0.22% at 38,649.28. The Nifty 50 index was up 30.25 points or 0.26% at 11,606.20.
Stock markets in the green but subdued in lacklustre trading
Equity benchmark indices snapped their two-day fall and opened in the green on Wednesday following global cues.At 10:15 am, the BSE S & P Sensex was up 83 points at 38,648 while the NSE Nifty gained 23 points to 11,599.Sectoral indices were mixed on the National Stock Exchange with auto, FMCG, metals, and pharma in the red.Among stocks, ONGC, Bharat Petroleum, Indian Oil, Indiabulls Housing Finance and IndusInd Bank gained some ground.However, Tata Motors, Grasim, Hero MotorCorp, Maruti and Vedanta lost.Meanwhile, Asian markets rose were after upbeat earnings helped the Nasdaq and S & P 500 indexes.Investors remain concerned after the United States on Monday told buying countries of Iranian oil to stop purchases by May 1 or face economic sanctions. That has pushed Brent above 74 dollars a barrel..
Japan Stocks fall on profit booking
Total 27 issues out of 33 subsectors of the Tokyo Stock Exchange declined, with shares in Electric Power & Gas, Securities & Commodities Futures, Transportation Equipment, Real Estate, and Nonferrous Metals issues being notable losers, whereas Services, Other Products, and Pharmaceutical issues were notable gainers.
Australia Market gains on door ajar for rate cut as inflation stalls
The ASX200 last reached such heights in January 2008 before the GFC wiped about 50% of the value off the Australian share market. Australian stock market will close on Thursday for ANZAC day holiday.
Snapchat adds 4 mn users, beats revenue estimates
Photo-messaging app Snapchat added four million new users in the first quarter of 2019, registering a revenue of $320 million -- up 39 per cent (year-over-year) -- thus beating the Wall Street estimates.
Indian Overseas Bank appoints MD & CEO
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Housing Development Finance Corporation receives RBI approval for acquisition of stake in Bandhan
The amalgamation scheme remains subject to approvals from the National Company Law Tribunal and the respective shareholders and creditors of GRUH Finance and Bandhan Bank.
Rupee slips 23 paise to 69.85 against US dollar on fund outflows
The rupee Wednesday declined 23 paise to 69.85 against the US dollar in early trade due to higher demand for the greenback from importers amid foreign fund outflows. A strengthening US dollar against major global currencies also affected rupee's trading pattern, forex dealers said. However, lower crude prices and a higher opening of the domestic equity markets restricted fall of the domestic currency to some extent, they added. At the Interbank Foreign Exchange (forex) market, the rupee opened sharply lower at 69.80 against the US dollar, and further fell to quote at 69.85, a decline of 23 paise over its previous close. On Tuesday, the rupee had appreciated by 5 paise to settle at 69.62 against the US dollar. Foreign institutional investors (FIIs) emerged as net sellers in capital markets, pulling out Rs 237.47 crore on Tuesday, provisional exchange data showed. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 97.66. The
Tata Motors Ltd Falls 1.64%
Tata Motors Ltd has added 32.83% over last one month compared to 4.66% gain in S&P BSE Auto index and 2.13% rise in the SENSEX
Oil & Natural Gas Corpn Ltd Spikes 3.23%, S&P BSE Oil&Gas index Rises 1.5%
Oil & Natural Gas Corpn Ltd has added 6.78% over last one month compared to 1.07% fall in S&P BSE Oil&Gas index and 2.26% rise in the SENSEX
Indices nudge higher in early trade
Key indices edged higher in early trade on positive Asian stocks. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 70.68 points or 0.18% at 38,635.56. The Nifty 50 index was up 21.15 points or 0.18% at 11,597.10.
Markets open on positive note on Wednesday
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.