Page 965 - Business Finance
ABN Amro Q4 net profit dives 42 percent as loan impairments surge
AMSTERDAM (Reuters) - Dutch bank ABN Amro on Wednesday posted fourth-quarter net profit way below analysts' expectations as loan impairments jumped.
Chennai Recorded 3.9 Million sq. ft. of Gross Leasing in 2018, a Decline of 18% From the Previous Year: Colliers International India
/ -- Chennai recorded 3.9 million sq. ft. of gross leasing in 2018, a decline of 18% from the previous year. This is likely due to low availability of Grade A office space in preferred locations such as Old Mahabalipuram Road (OMR) pre-toll and Mount Poonamallee High (MPH) Road. However, it's expected the gross leasing over 2019-2021 to grow at a robust average annual pace of 4.5 million sq. ft. 2018 also witnessed a decline in number of transactions as well as average transaction size from 22,500 sq. ft. to 19,000 sq. ft. Despite this slowdown, in view of the robust supply pipeline in preferred locations, it's expected the leasing momentum to be well supported by supply over 2019-2021. "As anticipated, demand for Grade A office space in Chennai continued to grow strong, and the year 2018 saw both the established and emerging office corridors show robust traction. Coworking and new firms were the other significant feathers in the cap, adding to the overall absorption. The city is ...
Capital goods stocks decline
Local stocks gyrated in a small range in early afternoon trade. At 12:24 IST, the barometer index, the S&P BSE Sensex, was up 89.94 points or 0.25% at 36,243.56. The Nifty 50 index was up 24.25 points or 0.22% at 10,855.65. The market breadth, indicating the overall health of the market, turned negative from positive. Capital goods stocks fell.
Skechers buys out Future Group's 49 pc stake in Indian JV
Skechers USA has bought out Kishore Biyani-led Future Group's 49 per cent stake in its Indian joint venture (JV) for an undisclosed sum. With this, Skechers India has become a wholly-owned subsidiary of the American footwear major. "Few markets match the potential for growth of India, which is why we entered the market initially, and why we recently decided to purchase the minority stake in our joint venture," Skechers Chief Operating Officer David Weinberg said in a statement. Skechers South Asia CEO Rahul Vira said this development will enable the company to amplify its growth plans, accelerate expansion of its operations and build a stronger network to further gain market share in India. While both the companies have not revealed the deal value, sources say Skechers paid close to Rs 600 crore to acquire balance stake in Skechers India. The network of Skechers retail locations in India at present includes 223 retail stores - 61 of which are Skechers owned and operated while the ...
Fractal Analytics Hosts its First Conference in London to Help FTSE 250's Solve Problems at Scale Through AI, Engineering and Design
/ -- This event - ai.lcy will feature keynote from New York Times best-selling author Kenneth Cukier to explore how AI has revolutionised business strategy Fractal Analytics, (https://fractalanalytics.com), a global leader in AI solutions that power human decision-making in Fortune 500 companies, today announced ai.lcy, its first AI event to be held in London. The event, which is the third of a series, includes a number of informative sessions and roundtable discussions, and will be hosted at The Langham Hotel on February 20th, The agenda is packed with thought-provoking discussions from industry experts and guest speakers as to how FTSE 250 companies can address problem-solving at scale through a combination of AI, engineering and design. The event's keynote speech, on how AI has revolutionised business strategy, will be delivered by Kenneth Cukier, Economist Senior Editor and co-author of New York Times best-seller 'Big Data: A Revolution That Transforms How We Live, Work and ...
Manpasand Beverages Ltd Announces Q3 & 9MFY19 Results
/ -- - Q3FY19 - Revenue at Rs. 165.89 cr; EBITDA stood at Rs 36.89 cr - PAT reported at Rs. 9.83 cr Manpasand Beverages Ltd, one of India's leading fruit drinks company, has announced its financial results for the quarter ended December 31st, 2018. For the third quarter ended December 31, 2018: Revenue from operations for the quarter ended December 31st, 2018 stood at Rs. 163.52 crore, as compared to Rs. 143.13 crore in the same period last year. Manpasand's Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY19 stood at Rs. 36.89 crore, up 38.01%. The company's EBITDA margin improved from 18.01% in Q3FY18 to 22.24% in Q3FY19. For the nine months ended December 31, 2018: Revenue from operations for 9MFY19 ended December 31st, 2018 stood at Rs. 672.40 crore, as compared to Rs. 570.41 crore in the same period last year. Manpasand's Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Nine months ended December 31, 2018 stood at Rs. 133.42 .
Oil India firms up after strong Q3 outcome
Oil India rose 1% to Rs 171.50 at 12:17 IST on BSE after net profit rose 74.9% to Rs 1,233.45 crore on 23.2% increase in net sales to Rs 3,514.03 crore in Q3 December 2018 over Q3 December 2017.
Manaksia Coated Metals & Industries Ltd leads gainers in 'B' group
Sathavahana Ispat Ltd, TCI Developers Ltd, Vadilal Industries Ltd and Hubtown Ltd are among the other gainers in the BSE's 'B' group today, 13 February 2019.
Global Markets: Asian stocks reach four-month peak on U.S.-China trade deal hopes
TOKYO (Reuters) - Asian stocks reached a more than four-month high on Wednesday, lifted by optimism that the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.
Board of Winsome Yarns approves change in directorate
At meeting held on 08 February 2019
Dilip Buildcon Ltd leads gainers in 'A' group
Adani Power Ltd, Adani Ports & Special Economic Zone Ltd, Indian Bank and Va Tech Wabag Ltd are among the other gainers in the BSE's 'A' group today, 13 February 2019.
China to launch investigation into corporate bond risks
BEIJING (Reuters) - China's state planner said on Wednesday it would launch an investigation and assessment into corporate bond risks, in an effort to strengthen management and reduce financial risks.
IGC Industries reports standalone net loss of Rs 0.03 crore in the December 2018 quarter
Reported sales nil
Emami Realty standalone net profit declines 37.31% in the December 2018 quarter
Sales rise 1866.67% to Rs 4.72 crore
Trimurthi reports standalone net profit of Rs 0.05 crore in the December 2018 quarter
Sales decline 5.71% to Rs 0.99 crore
Archidply Industries standalone net profit declines 16.02% in the December 2018 quarter
Sales rise 11.42% to Rs 82.65 crore
Bang Overseas reports standalone net loss of Rs 0.20 crore in the December 2018 quarter
Sales decline 31.60% to Rs 28.40 crore
HB Estate Developers reports standalone net loss of Rs 0.71 crore in the December 2018 quarter
Sales decline 0.80% to Rs 23.52 crore
Melstar Information Technologies reports standalone net loss of Rs 0.58 crore in the December 2018 quarter
Sales decline 1.23% to Rs 0.80 crore
Tridev InfraEstates reports standalone nil net profit/loss in the December 2018 quarter
Sales decline 80.00% to Rs 0.01 crore