Page 923 - Business Finance

Syncom Formulations (India) standalone net profit rises 32.18% in the December 2018 quarter

Sales rise 20.78% to Rs 47.66 crore

Simplex Infrastructures standalone net profit rises 16.60% in the December 2018 quarter

Sales rise 3.19% to Rs 1403.44 crore

Seya Industries standalone net profit rises 43.64% in the December 2018 quarter

Sales rise 18.43% to Rs 104.67 crore

Sujana Universal Industries reports standalone net loss of Rs 96.63 crore in the December 2018 quarter

Sales reported at Rs 1.61 crore

Stovec Industries standalone net profit rises 22.43% in the December 2018 quarter

Sales decline 14.93% to Rs 51.17 crore

Surya Roshni standalone net profit rises 0.26% in the December 2018 quarter

Sales rise 22.28% to Rs 1605.28 crore

Advance Petrochemicals standalone net profit declines 71.43% in the December 2018 quarter

Sales rise 30.15% to Rs 5.31 crore

Bharat Agri Fert & Realty consolidated net profit rises 90.20% in the December 2018 quarter

Sales decline 2.16% to Rs 9.50 crore

Ford introduces CNG option for Aspire

Automaker Ford India Friday announced the availability of CNG option for its compact sedan Aspire. The company is offering the CNG fitment in two petrol trims of the model. The Aspire Ambiente variant is priced at Rs 6.27 lakh, while the Trend Plus trim is tagged at Rs 7.12 lakh (ex-showroom). "With maintenance cost as low as just 46 paise per km, the new Aspire CNG will offer great peace of mind to customers without compromising on performance, safety or space," Ford India Executive Director (Marketing, Sales & Service) Vinay Raina said in a statement. The CNG kit on the compact sedan would be installed at the company's dealerships by trained professionals. Ford India rolls out the model from its Sanand plant in Gujarat.

Will bring in EVs when market conditions are suitable: Daimler

: German commercial vehicle maker Daimler would bring in electric vehicles to India when the market conditions were suitable, a top official said Friday. "I think you know Daimler is working on electrification of its vehicles across the world. We will bring this technology to India, when we think suitable to do so," company CEO and managing director, Satyakam Arya said here. The company introduced electric vehicles in three major markets around the world and the response was "unimaginable," he said. "We have launched in three key markets around the world. Japan, Europe and the US. The response is unimaginable (there)," he told reporters here. Elaborating, on introduction of electric vehicles, he said, "electrification makes sense in different segments in a different way". "If you talk about passenger cars, light commercial vehicles, buses, we already see lot of work happening. We have to wait and watch for commercial vehicles, medium heavy commercial vehicles. this is ..

GMR Infra suffers loss of Rs 561 crore loss in Q3 FY19

GMR Infrastructure Limited has reported a loss of Rs 561.04 crore for the quarter ending December 31 as compared to Rs 578.4 crore loss in the same quarter in financial year 2017-18.Total income during the quarter stood at Rs 2,119.87 crore, down from Rs 2,276.78 crore in Q3 of FY18."The group has incurred losses primarily on account of losses in the energy and highway sector with a consequent erosion of its net worth and lower credit ratings for some of its borrowings," GMR informed the stock exchanges late on Thursday.GMR manages international airports in New Delhi and Hyderabad, and is in the process of constructing one in Goa.The airports business generated Rs 1,358.38 crore of revenues during October to December 2017-18 while the power segment revenues stood at Rs 145.74 crore down from Rs 430.54 crore in Q3 FY18."The management is taking various initiatives including monetisation of assets, raising finances from financial institutions and strategic investors, refinancing of ...

Stocks erode early losses but indices close in the red

Equity benchmark indices eroded morning losses on Friday but closed lower for the sixth consecutive session.There was selling pressure on account of global cues and Prime Minister Narendra Modi's warning of strong action against Pakistan after Thursday's deadly terror attack in Jammu and Kashmir. India also withdrew the Most Favoured Nation (MFN) status to Pakistan in a stern message to Islamabad.At the closing bell, the BSE Sensex was down 67 points at 35,808 while the Nifty 50 was down 22 points at 10,724.ONGC, BPCL, NTPC, Power Grid and GAIL were the top gainers at National Stock Exchange. Dr Reddy Labs, JSW Steel, Sun Pharma, Tata Motors and Yes Bank were among the major losers.Meanwhile, Asian stocks remained subdued as global economic growth concerns resurfaced. Investors were concerned over the potential for progress on US-China trade tariff disputes.There were doubts over US economy as December data showed 1.2 per cent fall in retail sales.As Saudi Arabia said it will cut ...

Palm declines over 1 percent on weaker U.S. soyoil

KUALA LUMPUR (Reuters) - Malaysian palm oil futures fell over 1 percent on Friday, recording a fifth session of declines in six, tracking weakness in soyoil on the U.S. Chicago Board of Trade (CBOT).

PepsiCo forecasts surprise drop in 2019 adjusted profit

(Reuters) - PepsiCo Inc forecast a surprise drop in full-year profit on Friday, hit by a stronger dollar, increased investments in its business and a higher tax bill.

India's oil imports from Iran plunged 45 percent in January

NEW DELHI (Reuters) - India's oil imports from Iran fell by 45 percent in January to 270,500 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, below the estimated 300,000 bpd for the month as some cargoes were delayed.

ED attaches assets of D.S. Kulkarni Developers worth Rs 904 cr

The Enforcement Directorate (ED) has attached assets worth Rs 904 crore of D.S. Kulkarni Developers Ltd (DSKDL) for cheating and siphoning off deposits worth Rs 1,084 crore from Maharashtra investors for more than a decade.

Daimler India Commercial Vehicles to double distribution network

Doubling of its distribution network, getting ready for launch of BS VI emission norms compliant trucks, digitisation of customer interface are some of the plans of truck maker Daimler India Commercial Vehicles, said a top company official.

RvR Ventures to expand portfolio management business in different countries

Professional financial services provider RvR Ventures is planning to expand its portfolio management business across different countries, said the company's Chief Trading Officer Kevin Albuquerque.

China says trade talks to continue in Washington next week

With a March 2 deadline looming, US and Chinese negotiators will meet in Washington next week for more talks on a tariff war over Beijing's technology ambitions, China's government announced Friday. The announcement came after US Trade Representative Robert Lighthizer told Chinese President Xi Jinping that negotiators had "made headway" on important issues in two days of talks that wrapped up Friday in Beijing. Officials expressed optimism but gave no details of this week's negotiations, which had been the last scheduled before a planned American tariff hike on USD 200 billion of Chinese imports on March 2. Economists said the talks were too brief to resolve the tariff fight that is dragging on global economic growth. "I hope you will continue to work hard to promote a mutually beneficial and win-win agreement," Xi told Lighthizer in a meeting after the negotiations ended, according to the official Xinhua News Agency. The announcement of further talks suggested both sides believe they

Nifty February 2019 futures at premium

Turnover in F&O segment drops