Page 882 - Business Finance
Gold at two-week high on trade deal hopes; palladium peaks
(Reuters) - Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high.
VBL board okays plans to acquire PepsiCo franchise rights in South, West India
PepsiCo India's bottling partner Varun Beverages Monday said its board has approved plans to acquire franchise rights of the beverages and snacks major in South and West regions. The board has approved the company's intent to enter into a binding agreement with PepsiCo India Holdings to acquire franchise rights in the two regions for a national bottling, sales and distribution footprint in seven states and five UTs, Varun Beverages Ltd (VBL) said in a regulatory filing. Upon completion of these acquisitions, VBL will be a franchise of PepsiCo beverages business across 27 states and seven Union Territories (UTs), it added. "The proposed acquisitions are in line with the company's strategy to expand into contiguous territories and will help to acquire greater scale, operational productivity and efficiency leading to higher revenues and profitable growth," it said. VBL, however, did not disclose financial details of the proposed acquisitions. The company further said its board will meet .
Silver futures up 0.6 per cent on positive global trend
Silver futures traded higher by 0.6 per cent at Rs 40,200 per kg Monday after investors increased their holdings amid positive global cues. At the Multi Commodity Exchange, silver for delivery in March contract was trading higher by Rs 238, or 0.6 per cent, at Rs 40,200 per kg in futures trade in a business turnover of 13,662 lots. Silver to be delivered in May also traded higher by Rs 225, or 0.56 per cent, at Rs 40,760 per kg in a business turnover of 3,914 lots. The rise in silver prices at futures market was mostly attributed to widening of bets by participants, in tandem with a firm trend in the global markets, analysts said. In the international market, silver traded 0.56 per cent higher at USD 15.81 an ounce in Singapore.
India Sotheby's International Realty appoints Samir Saran as managing partner, director
India Sotheby's International Realty, which markets luxury properties, Monday said it has appointed Samir Saran as managing partner to drive the company's growth. Saran, who has over two decades of exposure in real estate and financial services, has also been inducted as a director to the board, the company said in a statement. India Sotheby's International Realty is part of the of US-based Sotheby's International Realty, which operates a global network of over 22,000 affiliates with 970 offices across 72 countries. From luxury farm houses, bungalows, villas, apartments and penthouses in India and overseas, India Sotheby's International Realty markets exclusive properties. India Sotheby's International Realty has offices in New Delhi, Mumbai and Kolkata and is looking to expand its presence to other prominent cities. It has recently expanded its footprints to Colombo, Sri Lanka, and has dedicated India desks at Dubai, London, New York, Seattle and Toronto.
SoftBank invests in Mubadala's new $400 million European tech fund - source
DUBAI (Reuters) - Japan's SoftBank Group has provided nearly half of the cash for Abu Dhabi's state investor Mubadala Investment Co's new $400 million fund investing in European start-ups, a source familiar with the matter said.
Gold futures surge Rs 147 on firm global cues
Gold prices went up by Rs 147 to Rs 33,531 per 10 gram in futures trade Monday as speculators widened their bets tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 147, or 0.44 per cent, at Rs 33,531 per 10 gram in a business turnover of 16,643 lots. Similarly, gold for June was up by Rs 149, or 0.44 per cent, to Rs 33,728 per 10 gram with a business volume of 6,199 lots. Analysts said built up of positions by participants on positive cues from global market raised demand for the precious metal as a safe haven and pushed up gold prices at futures trade here. Globally, gold rose 0.39 per cent to trade at USD 1,323.29 an ounce in Singapore.
Parabolic Drugs reports standalone net loss of Rs 7.09 crore in the December 2018 quarter
Sales decline 98.65% to Rs 0.22 crore
Ortel Communications reports standalone net loss of Rs 12.68 crore in the December 2018 quarter
Sales decline 45.58% to Rs 25.42 crore
Marg Techno-Projects reports standalone net profit of Rs 0.08 crore in the December 2018 quarter
Sales rise 33.33% to Rs 0.20 crore
Stratmont Industries standalone net profit declines 91.67% in the December 2018 quarter
Sales rise 83.74% to Rs 21.70 crore
Maximaa Systems reports standalone net loss of Rs 0.36 crore in the December 2018 quarter
Sales decline 10.03% to Rs 2.60 crore
Ratnamani Agro Industries reports standalone nil net profit/loss in the December 2018 quarter
Reported sales nil
Universal Arts reports consolidated net loss of Rs 0.10 crore in the December 2018 quarter
Sales reported at Rs 0.01 crore
G V Films reports consolidated net loss of Rs 0.15 crore in the December 2018 quarter
Sales rise 28.00% to Rs 0.32 crore
MW Unitexx reports standalone net loss of Rs 0.05 crore in the December 2018 quarter
Reported sales nil
Associated Ceramics standalone net profit declines 29.41% in the December 2018 quarter
Sales rise 55.31% to Rs 7.89 crore
Khyati Multimedia Entertainment reports standalone net loss of Rs 0.02 crore in the December 2018 quarter
Reported sales nil
Starlite Components standalone net profit declines 50.93% in the December 2018 quarter
Sales decline 41.65% to Rs 14.82 crore
Alexander Stamps & Coin reports standalone net loss of Rs 0.02 crore in the December 2018 quarter
Sales decline 27.59% to Rs 0.21 crore
Ashari Agencies reports standalone net loss of Rs 0.40 crore in the December 2018 quarter
Reported sales nil