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Page 968 - Business Finance

Zinc futures recover 0.38% on spot demand

Zinc prices recovered 0.38 per cent to Rs 185.05 per kg in futures market Wednesday after speculators built up fresh positions following pick up in demand at the spot market. At the Multi Commodity Exchange, zinc for delivery in February was trading higher by 70 paise, or 0.38 per cent, at Rs 185.05 per kg in 2,087 lots. Marketmen attributed the rise in zinc prices at futures trade to pick up in demand at the spot market and positive overseas cues.

Updated On : 13 Feb 2019 | 11:50 AM IST

Bata India jumps after good Q3 numbers

Bata India rose 4.28% to Rs 1239.85 at 11:36 IST on BSE after net profit rose 51.4% to Rs 103.18 crore on 15.5% increase in net sales to Rs 778.70 crore in Q3 December 2018 over Q3 December 2017.

Updated On : 13 Feb 2019 | 11:50 AM IST

Nickel futures go up on spot demand, global cues

Nickel prices went up 0.50 per cent to Rs 876.20 per kg in futures trade Wednesday as traders created fresh positions, aided by pick up in demand from alloy-makers at the spot market coupled with firm global cues. At the Multi Commodity Exchange, nickel for delivery in February contract was trading higher by Rs 4.40, or 0.50 per cent, at Rs 876.20 per kg with a business volume of 1,801 lots. Analysts attributed the rise in nickel prices at futures trade to increased demand from alloy-makers in the physical market and a firm trend in global market.

Updated On : 13 Feb 2019 | 11:50 AM IST

Sensex, Nifty rise, 10-year yields slide after inflation data

(Reuters) - Indian shares rose, 10-year bond yields slid while the rupee strengthened on Wednesday amid bets the nation's central bank will cut interest rates after consumer prices rose at a slower-than-anticipated pace.

Updated On : 13 Feb 2019 | 11:45 AM IST

Pennar Industries Reports 34% y-o-y Increase in Q3 FY2019 Standalone PAT at INR 11.5 crore

/ -- Standalone Net Revenue for Q3 FY2019 at INR 397 crore, up by 32% y-o-y Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, today announced its unaudited financial results for the third quarter and nine months ended on December 31, 2018. Standalone Financial Highlights Q3 FY 2019 Net Revenue at INR 397.1 crore; up by 32% y-o-y Q3 FY 2019 PAT at INR 11.5 crore; up by 34% y-o-y 9M FY 2019 Net Revenue at INR 1123.8 crore; up by 27% y-oy 9M FY 2019 PAT at INR 33.9 crore; up by 49% Consolidated Financial Highlights - Q3 FY2019 Net revenue at INR 575.2 crore; up 38% y-o-y EBITDA at INR 48.7 crore; EBITDA margin at 8.5% PAT after minority Interest at INR 13.7 crore Consolidated Financial Highlights - 9M FY2019 Revenue at INR 1569.7 crore; up 23% y-o-y EBITDA at INR 136.3 crore; EBITDA margin at 8.7% PAT after minority interest at INR 39.1 crore Business Highlights During Q3, PIL and its subsidiaries received orders aggregating to .

Updated On : 13 Feb 2019 | 11:25 AM IST

Board of Vidhi Specialty Food Ingredients appoints company secretary

At meeting held on 12 February 2019

Updated On : 13 Feb 2019 | 11:16 AM IST

L&T Construction wins orders for construction of hospitals

This is a first-of-its-kind private sector project that incorporates National Disaster Management Authority guidelines and will have base isolators in the foundation to withstand the worst-case seismic scenarios.

Updated On : 13 Feb 2019 | 11:16 AM IST

Volumes soar at Team Lease Services Ltd counter

Team Lease Services Ltd recorded volume of 1.4 lakh shares by 10:49 IST on BSE, a 85.11 times surge over two-week average daily volume of 1645 shares

Updated On : 13 Feb 2019 | 11:16 AM IST

Oil pushed up by deepening OPEC supply cuts, sanctions on Venezuela

SINGAPORE (Reuters) - Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela's oil exports.

Updated On : 13 Feb 2019 | 11:15 AM IST

L&T Construction bags orders to construction of hospitals

Larsen & Toubro (L&T) Wednesday said its arm has bagged orders for construction of hospitals in India. While the company did not disclose the exact value of the contract, it said it has bagged a large order valued between Rs 2,000-5,000 crore. "The buildings and factories business of L&T Construction has secured a design and build order for the construction of hospitals from a private developer in India," the engineering major said in a BSE filing. "This is a first-of-its-kind private sector project that incorporates National Disaster Management Authority guidelines and will have base isolators in the foundation to withstand the worst-case seismic scenarios," the company added. L&T said it has also secured another order for the construction of a hospital in Udupi, Karnataka. Shares of Larsen & Toubro were trading 0.35 per cent lower at Rs 1,240.25 apiece on BSE.

Updated On : 13 Feb 2019 | 11:15 AM IST

China's Xi to meet top US trade officials: report

Chinese President Xi Jinping plans to meet with top US officials in Beijing this week, a report said Wednesday, as the world's two biggest economies rush to patch up their trade differences before a looming deadline. Xi will meet on Friday with officials including US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, who are in the capital for crunch talks towards a trade deal, the South China Morning Post reported. "Xi is scheduled to meet both Lighthizer and Mnuchin on Friday," it said, quoting a source briefed on the arrangements. The US officials and their Chinese counterparts meet for talks on Thursday and Friday. They are under the gun to seal an accord ahead of the March 1 deadline set by Donald Trump, though the US president said Tuesday that he was open to extending that, depending on progress in Beijing. "If we're close to a deal, where we think we can make a real deal ... I could see myself letting that slide for a little while," Trump told ...

Updated On : 13 Feb 2019 | 11:15 AM IST