Page 919 - Business Finance

India, Japan gold demand falls; holiday hangover dulls trade elsewhere

MUMBAI/BENGALURU (Reuters) - A rally in domestic prices curtailed physical gold demand in India and Japan, with interest in the precious metal lacklustre in other Asian centres as markets gradually return from the Lunar New Year holidays.

Sebi rationalises framework for advisory committee at market infra institutions

Market regulator Sebi Friday relaxed guidelines for the composition and functioning of the advisory committee at market infrastructure institutions such as stock exchanges, clearing corporations and depositories. In a circular, Sebi said that the framework which prescribes that the "number of PIDs (public interest directors) shall not be less than the total of number of other members put together for the composition of the committees, quorum for the meeting of the committees and for validity of voting on a resolution in the meeting of the committee" will not be applicable to the advisory committee. The move is aimed at enabling wider participation of members at market infrastructure institutions (MIIs), Sebi said. The market watchdog last month issued directions regarding formation and composition of seven mandatory committees, including advisory committee at MIIs. As the scope of work of some committees at MIIs were inter-related and overlapping, Sebi's board had earlier approved a ..

Dalmia Bharat Sugar Q3 profit down 20% at Rs 43.36 cr

Dalmia Bharat Sugar and Industries Ltd has reported a 20 per cent decline in net profit at Rs 43.36 crore for the third quarter ended December 2018. The net profit stood at Rs 54.24 crore in December quarter of 2017-18, the company said in a regulatory filing. Total revenue fell to Rs 467.47 crore during October-December quarter of 2018-19 from Rs 612.20 crore in the corresponding period of the previous year. During April-December period of this fiscal, net profit fell to Rs 141.23 crore from Rs 146.65 crore in the same period of previous fiscal. Total income fell to Rs 1,516.35 crore during April-December this year from Rs 1,819.75 crore in the year-ago period. "Lower sugar segment profitability on account of lower sugar sales realisation for the nine months has been offset to a significant extent by higher profitability of distillery and cogeneration segments," the company said in a statement. Jawaharpur distillery has been successfully expanded to 120 kilo litre per day from 80 ...

JSPL bags order from Railways for additional 30,000 tonne rails

Jindal Steel and Power Ltd (JSPL) Friday said it has bagged an additional order of 30,000 tonne long rails from the Indian Railways. In July last year, JSPL bagged from the national transporter an order of 1 lakh tonne rails, to be supplied in one year. It has already supplied 62,400 tonne rails to the Railways from its Raigarh plant and aims to complete the entire order by March 10. The company has recieved an additional order of 30,000 tonne rail from the Railways, JSPL said in a statement. "The purchase order was received yesterday (Thursday). The additional order enhances the order size by over 30 per cent to 1,30,000 tonne," the company said. JSPL Joint Managing Director Naushad Ansari said: "We are happy to know that the Railways has been appreciative of our rails, and has placed an additional order. JSPL endeavours to emerge as the most-preferred supplier of rails to the Railways for building and modernising domestic rail network." Part of the USD 18-billion OP Jindal Group, ...

Employment of Indian seafarers grows by 35pc in 2018: Govt

The number of Indian seafarers employed on Indian or foreign flag vessels increased by 35 per cent in 2018 on the back of a series of measures taken in the last four years, the Shipping Ministry said Friday. "The shipping sector has witnessed an unprecedented growth of 35 per cent in the number of Indian seafarers...," the ministry said in a statement. The number increased to 2,08,799 in 2018 from 1,54,349 in 2017, it said. Along with this, the number of students placed for on-board training also rose from 14,307 in 2017 to 19,545 in 2018, registering a jump of nearly 37 per cent. The growth in the number of Indian seafarers has been possible due to a series of measures taken by the government in the last four years to improve the standards of maritime training, increase on-board training opportunities, improve the examination and certification system and facilitate ease of doing business. The number of seafarers employed on Indian flag vessels increased from 22,103 last year to ...

Euro zone rate cuts? Money markets nudging that way

LONDON (Reuters) - The euro zone's worsening economic picture, exacerbated by Brexit and global trade tensions, is pushing parts of the money market closer to pricing in interest rate cuts in the bloc.

BKM Industries reports consolidated net loss of Rs 10.40 crore in the December 2018 quarter

Sales decline 90.80% to Rs 3.32 crore

Onelife Capital Advisors reports consolidated net loss of Rs 0.68 crore in the December 2018 quarter

Sales rise 82.56% to Rs 1.57 crore

Sicagen India reports consolidated net loss of Rs 0.58 crore in the December 2018 quarter

Sales rise 6.94% to Rs 171.86 crore

GMR Infrastructure reports consolidated net loss of Rs 561.04 crore in the December 2018 quarter

Sales decline 6.57% to Rs 1850.00 crore

Nettlinx consolidated net profit declines 45.16% in the December 2018 quarter

Sales decline 4.08% to Rs 4.70 crore

Media Matrix Worldwide reports consolidated net profit of Rs 0.49 crore in the December 2018 quarter

Sales decline 42.79% to Rs 134.30 crore

Simbhaoli Sugars reports standalone net loss of Rs 32.41 crore in the December 2018 quarter

Sales decline 9.28% to Rs 203.12 crore

Orient Refractories standalone net profit declines 6.46% in the December 2018 quarter

Sales rise 26.58% to Rs 199.78 crore

Maestros Electronics & Telecommun. Systems reports standalone net profit of Rs 0.03 crore in the December 2018 quarter

Sales rise 13.13% to Rs 2.24 crore

Prabhat Dairy standalone net profit rises 7.28% in the December 2018 quarter

Sales rise 27.51% to Rs 459.66 crore

Kaveri Seed Company standalone net profit declines 32.78% in the December 2018 quarter

Sales decline 4.90% to Rs 67.18 crore

Magnum Ventures standalone net profit rises 203.85% in the December 2018 quarter

Sales decline 0.86% to Rs 72.32 crore

Tera Software standalone net profit rises 52.00% in the December 2018 quarter

Sales decline 43.23% to Rs 19.97 crore

Nexus Commodities And Technologies reports standalone net loss of Rs 0.04 crore in the December 2018 quarter

Sales rise 226.92% to Rs 0.85 crore