Page 518 - Business Finance
Nifty April futures at premium
Turnover in F&O segment drops
Datamatics Expands its Partner Footprint - Ties-up With TechniSMART Solutions to Bring Enterprise Grade RPA Product, TruBot, to the UK & European Markets
/ -- Datamatics Global Services Ltd. (DGSL), a global IT & BPM company, today announced its strategic partnership with TechniSMART Solutions Limited to further expand foothold in the UK & European markets for its RPA product, TruBot. TechniSMART Solutions Ltd is a business transformation partner serving the UK & European market to drive enterprise-wide change in business process, using 4Gen solutions. Datamatics is aggressively investing in expanding its partner network and has included 48 new partners in the last 12 months. The evolving partner ecosystem will increase the sales momentum and will ensure smooth implementation and support for TruBot globally. Datamatics TruBot is a versatile, multi-skilled bot that automates a range of repetitive and rule-based processes without any manual intervention. TruBot has 95 customers globally and has automated more than 800 processes across multiple industries including Banking, Insurance, Manufacturing and Healthcare. The ...
RIL shares fall 3% post Q4 earnings; m-cap plunges Rs 24,141.83 cr
Shares of Reliance Industries Ltd (RIL) fell by 3 per cent Monday after its March quarter results failed to cheer investors. The scrip declined 2.76 per cent to close at Rs 1,344.80 on the BSE. During the day, it fell by 3 per cent to Rs 1,341. On the NSE, shares dropped 3 per cent to close at Rs 1,344. In terms of volume, 5.06 lakh shares were traded on the BSE during the day, while over one crore units changed hands on the NSE. Led by the decline in its scrip, the company's market valuation plunged Rs 24,141.83 crore to Rs 8,52,435.17 crore on the BSE. RIL Thursday posted the highest quarterly net profit by any Indian private sector firm with a 9.8 per cent rise in earnings in the period ended March 31 after robust business in retail and telecom sectors offset a dip in oil refinery margins. "RIL delivered another solid quarter of YoY net profit growth despite GRMs at a 17-quarter low," Centrum Broking Research said in a report on the company's earnings. The oil-to-telecom ...
Sensex ends below 39,000 mark as crude oil prices spike
Key indices logged strong losses on Monday, as global crude oil prices spiked. Higher crude oil prices could increase fiscal deficit, current account deficit and stoke fuel price inflation. Crude oil prices rose to the highest in almost six months as the US government reportedly said it won't renew waivers to allow buyers to buy Iranian crude.
Quick Wrap: Nifty Realty Index falls 2.48%, NIFTY Crashes 1.35%
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TCS partners with India Post for transforming into a New-age Digital Hub Offering Smart Mail
At the heart of this transformation is the Core System lntegration (CSI) program designed and implemented by TCS. This involved deploying an integrated ERP solution that caters to mail operations, finance and accounting, and HR functions, and connects its vast network of more than 150,000 post offices, making this the largest distributed ePostal network in the world.
Sensex falls 495 points, Nifty ends below 11,600
Equity benchmark indices on Monday ended at day's low as Sensex tumbled 495 points and selling pressure dragged Nifty below the 11,600 mark.All sectoral indices except IT were in the red ink. The S & P BSE Sensex closed at 38,645 while the Nifty 50 dipped about 158 points at 11,594.As global crude oil prices shot up by almost 3 per cent, stocks of Bharat Petroleum slipped 5 per cent to close at Rs 344.20. Indian Oil also closed the day about 4 per cent down at Rs 150 each.Financial stocks also dragged the indices further. Yes Bank and Indiabulls Housing Finance were down by about 3 per cent.Heavyweight Reliance Industries closed 2.7 per cent down after corporate results last week showed that its retail and digital businesses grew faster than the mainstream oil refining.Beleaguered Jet Airways, which has suspended all its flight operations for some time, suffered a blow of 5.7 per cent and wound up at Rs 154.60.However, IT stocks like Wipro, Tata Consultancy Services and Infosys ...
Alicon Castalloy consolidated net profit rises 23.95% in the March 2019 quarter
Sales rise 5.26% to Rs 313.40 crore
Tata Coffee consolidated net profit rises 62.38% in the March 2019 quarter
Sales rise 4.56% to Rs 460.52 crore
HDFC Bank standalone net profit rises 22.63% in the March 2019 quarter
Total Operating Income rise 23.51% to Rs 26333.25 crore
Indag Rubber standalone net profit declines 67.07% in the March 2019 quarter
Sales decline 4.65% to Rs 42.02 crore
Goa Carbon reports standalone net loss of Rs 8.79 crore in the March 2019 quarter
Sales decline 19.66% to Rs 129.09 crore
Mahindra Lifespace Developers consolidated net profit declines 34.51% in the March 2019 quarter
Sales rise 44.79% to Rs 234.27 crore
Flipkart's second data centre opens in Hyderabad
Online marketplace Flipkart on Monday opened its data centre in Hyderabad to strengthen its technology infrastructure.
SpiceJet shares plunge over 8%
Shares of SpiceJet plunged over 8 per cent Monday on profit-booking after a sharp five-day rally. The scrip tanked 8.15 per cent to close at Rs 125.15 on the BSE. During the day, it plummeted 8.62 per cent to Rs 124.50. In terms of volume, 91.30 lakh shares of the company were traded on the BSE during the day. In the past five trading sessions, the scrip has gained 44.25 per cent. Meanwhile, the budget carrier Monday said it has inked an initial pact with Gulf-based Emirates for code-share partnership, a move that will give wider connectivity to its passengers on the latter's network across the US, Europe, Africa and Middle East. In turn, Emirates' passengers will enjoy unhindered access to SpiceJet's 51 domestic destinations -- 10 through direct connectivity and the rest 41 through connecting flights, the airline said in a release. SpiceJet's first code-share partnership with Emirates, which is subject to regulatory approvals, assumes significance in the back drop of the temporary ...
Leading e-commerce brand Club Factory outlines plans for Indian market
Club Factory, a leading fashion e-Commerce platform and currently one of the most popular shopping apps on Google Play, has outlined plans for the Indian market through a hyper-local scale-up strategy. The company is looking to make significant investments in warehousing, delivery, technology and marketing to strengthen its presence further to become the "One-Stop fashion marketplace" for both India SME sellers and consumers.Club Factory is working with local sellers with an aim to become a leading 'Marketplace' for fashion & amp; lifestyle category. The company is focusing heavily on on-boarding sellers to make further inroads in the lifestyle category in India. Club Factory plans to leverage a hybrid model of data technology and local seller insights to ultimately drive the virtuous cycle of the ecosystem. The company is upbeat about helping hyper-local sellers by keeping them abreast with the fast-changing e-commerce landscape in India and meet consumer expectations.Club ...
Mahindra Lifespaces residential sales grow by 67 pc to Rs 1,023 crore in FY 19
Mahindra Lifespace Developers achieved sales of Rs 1,023 crore in residential business in 2018-19, marking a growth of 67 per cent in the year-on-year period, the company announced on Monday.The consolidated profit after tax stood at Rs 120 crore against Rs 101 crore in FY 18. The board of directors have recommended a dividend of Rs 6 per equity share with a face value of Rs 10 each.Land leasing in integrated cities and industrial clusters grew the business by 69 per cent to Rs 243 crore, the company said in a statement."We look forward to continue the performance momentum with impactful launches -- both in residential as well as industrial parts of our business," said Managing Director and Chief Executive Officer Sangeeta Prasad."Coupled with effective land buying, stable and transparent regulations will be an important enabler in this journey," she said.In January to March 2019, the consolidated total income was Rs 247 crore against Rs 137 crore in the previous quarter and Rs 180 ...
Board of Mahindra Lifespace Developers approves allotment of 1800 equity shares under ESOS
At meeting held on 22 April 2019
Jio tops 4G download, Vodafone upload speed in March
With 22.2 Mbps (megabits per second) average download speed, Reliance Jio topped the 4G download speed chart of the Telecom Regulatory Authority of India (TRAI) for March. For Jio, its an improvement over 20.9 Mbps achieved in February.
Flipkart sets up datacentre in Hyderabad
As part of strengthening technology infrastructure, Flipkart, online marketplace e-commerce player Monday announced the launch of its datacentre here. According to a press release issued by the Walmart company, this is itssecond datacentre in the country and the first in Telanganaand has been built in partnership with CtrlS. Flipkart's new datacentre,part of one of the largest private cloud deployments in the country, will help strengthen its growing marketplace e-commerce business in India, the release said. The centre will further enhance the company's ability to bring in more sellers and MSMEs to the platform and cater to more consumers in the country. This facility has been designed to be Tier-4 rated, most of the power consumed is fulfilled by renewable energy, and it is also one of the mostenergy efficient datacentres in India with a low overall PUE (Power Usage Effectiveness), the release said. Flipkart's Chief Corporate Affairs Officer, Rajneesh Kumar said in ..