Page 948 - Business Finance

Airbus' Q4 profits beat expectations, shares rise

TOULOUSE, France (Reuters) - Airbus on Thursday posted stronger than expected fourth-quarter results overshadowed by a decision to close its flagship A380 programme, while forecasting higher aircraft deliveries and profits in 2019.

Triumph launches new versions of Street Twin, Street Scrambler in India

British superbike brand Triumph Thursday launched new versions of Street Twin and Street Scrambler in India priced at Rs 7.45 lakh and Rs 8.55 lakh, respectively (ex-showroom). The models now come with many additional features, including 18 per cent increase in power which now stands at 65 PS. "The Street Twin and Street Scrambler are packed with enhanced performance, improved ergonomics and come with a wide array of customisation options," Triumph Motorcycles India General Manager Shown Farooq told reporters here. The company has also launched a two-year unlimited-kilometre manufacturer warranty with global coverage to its customers, he added. Commenting on the company's performance in the country so far, Farooq said the company now has a market share of 16 per cent in the over 500 cc category. "It has been busy five years for us and we continue to be the fastest growing premium bike brand in the country," he added. The company, which currently has 16 dealerships across the country, .

2018 saw greater advocacy by institutional shareholders: Report

Shareholder meetings in 2018 saw high level of participation by institutional investors who made their voices heard by voting against resolutions proposed by managements, a report released Thursday noted. The number of resolutions, where more than 20 per cent of institutional shareholders voted against the resolution, increased by 14 per cent to 716 in 2018 as compared to 629 in 2017, as per nseinfobase.com, which is developed and compiled by data service provider Prime Database. Most of such resolutions were related to board appointments, stock options and board remuneration. "This reflects an increase in advocacy on the part of institutional investors, which is on account of the facility of e-voting being made mandatory a few years back as also the stewardship code brought about by regulators," Prime Database Group Managing Director Pranav Haldea said. "It is also attributable to a greater role being played by proxy firms as also a steady increase in institutional holding as a ...

WPI Inflation Falls To 10 Month Low, Food Prices Tick Higher

Wholesale Price Index (WPI) inflation fell to 10 month low of 2.76% in January, according to government data released Thursday. The WPI inflation stood at 3.8% in December, 2018, and 3.02% in January 2018. Build up inflation rate in the financial year so far was 2.49% compared to a build up rate of 2.47% in the corresponding period of the previous year. Here are the details for major groups in the index:

Biocon Ltd extends losses

Biocon Ltd is quoting at Rs 636.55, down 0.48% on the day as on 13:19 IST on the NSE. The stock jumped 5.82% in last one year as compared to a 1.83% rally in NIFTY and a 3.46% fall in the Nifty Pharma index.

Network 18 Media & Investments Ltd slips for fifth straight session

Network 18 Media & Investments Ltd is quoting at Rs 32.4, down 2.26% on the day as on 13:19 IST on the NSE. The stock jumped 11.73% in last one year as compared to a 1.83% rally in NIFTY and a 31.67% spurt in the Nifty Media index.

Marico Ltd down for fifth straight session

Marico Ltd is quoting at Rs 346.3, down 0.26% on the day as on 13:19 IST on the NSE. The stock jumped 11.73% in last one year as compared to a 1.83% rally in NIFTY and a 10.26% spurt in the Nifty FMCG index.

Britannia Industries Ltd eases for fifth straight session

Britannia Industries Ltd is quoting at Rs 2918.1, down 0.18% on the day as on 13:19 IST on the NSE. The stock jumped 22.72% in last one year as compared to a 1.83% rally in NIFTY and a 10.26% spurt in the Nifty FMCG index.

Colgate-Palmolive (India) Ltd falls for fifth straight session

Colgate-Palmolive (India) Ltd is quoting at Rs 1246.95, down 0.16% on the day as on 13:19 IST on the NSE. The stock jumped 14.52% in last one year as compared to a 1.83% rally in NIFTY and a 10.26% spurt in the Nifty FMCG index.

Oil & Natural Gas Corpn Ltd tumbles

Oil & Natural Gas Corpn Ltd is quoting at Rs 128.25, down 3.86% on the day as on 13:19 IST on the NSE. The stock tumbled 31.89% in last one year as compared to a 1.83% rally in NIFTY and a 2.36% spurt in the Nifty Energy index.

GAIL (India) Ltd sheds nearly 2%

GAIL (India) Ltd is quoting at Rs 309.25, down 1.98% on the day as on 13:19 IST on the NSE. The stock tumbled 13.36% in last one year as compared to a 1.83% rally in NIFTY and a 2.36% spurt in the Nifty Energy index.

Palm oil imports drop 2.31pc in Jan: SEA

Palm oil imports declined by 2.31 per cent to 8,15,236 tonne in January from the year-ago period, industry body Solvent Extractors Association (SEA) said Thursday. It, however, indicated higher shipments of RBD palmolein in coming months from Malaysia due to lower duty. India, the world's leading vegetable oil buyer, had imported 8,34,444 tonne palm oil in January 2018. The country's total vegetable oil imports declined 3 per cent to 12.75 lakh tonne in January this year compared to 12.91 lakh tonne in the year-ago period. The share of palm oil is more than 60 per cent in the country's total vegetable oil imports. According to the SEA, the shipments of palmolein, especially from Malaysia, have increased due to cut in import duty on palm oils, which has reduced the effective duty difference between crude palm oil (CPO) and RBD Palmolein to just 5 per cent against previous 10 per cent. "This has resulted into sharp increase in import of RBD Palmolein to 1,67,429 tonne in January from ...

Benchmarks hit fresh intraday low

Key equity indices trimmed losses after hitting fresh intraday low in afternoon trade. At 13:23 IST, the barometer index, the S&P BSE Sensex, was down 149.68 points or 0.42% at 35,884.43. The Nifty 50 index was down 55.45 points or 0.51% at 10,738.20.

Reliance Entertainment appoints Rohit Chopra as its General Counsel

Anil D. Ambani-owned Reliance Entertainment on Thursday announced the appointment of Rohit Chopra as its General Counsel.

German economy escapes recession but remains stalled

BERLIN (Reuters) - The German economy remained stalled in the final quarter of last year, escaping recession only by the narrowest of margins after contracting in the July-September period for the first time since 2015.

AstraZeneca tops sales forecasts, stays calm on Brexit

(Reuters) - British drugmaker AstraZeneca Plc beat expectations for product sales in the fourth quarter and forecast a second consecutive year of growth, driven by gains in emerging markets including China and demand for its new cancer medicines.

Infibeam Avenues Ltd in demand

Infibeam Avenues Ltd is quoting at Rs 34.5, up 1.62% on the day as on 12:49 IST on the NSE. The stock is down 78.65% in last one year as compared to a 1.77% spurt in NIFTY and a 27.78% spurt in the Nifty IT index.

Indiabulls Ventures Ltd spurts 2.2%, rises for third straight session

Indiabulls Ventures Ltd is quoting at Rs 283.8, up 2.2% on the day as on 12:49 IST on the NSE. The stock is up 13.41% in last one year as compared to a 1.77% gain in NIFTY and a 6.79% gain in the Nifty Financial Services index.

LTI to acquire Germany-based Nielsen+Partner

Larsen & Toubro Infotech (LTI), the IT services arm of engineering and construction conglomerate Larsen & Toubro (L&T) Ltd., on Thursday said it had signed a definitive agreement to acquire Germany-based IT consulting firm Nielsen+Partner for an undisclosed amount.

Indiabulls Housing Finance Ltd soars 3.86%

Indiabulls Housing Finance Ltd is quoting at Rs 642.8, up 3.86% on the day as on 12:49 IST on the NSE. The stock is down 51.02% in last one year as compared to a 1.77% spurt in NIFTY and a 6.79% spurt in the Nifty Financial Services index.