Page 972 - Business Finance
Pennar Industries consolidated net profit rises 15.40% in the December 2018 quarter
Sales rise 36.81% to Rs 567.63 crore
Positive market breadth
Stocks trimmed gains in morning trade after an initial upmove. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 122.55 points or 0.34% at 36,276.17. The Nifty 50 index was 28.15 points or 0.26% at 10,859.55.
GTPL Hathway's Consolidated Q3 FY2019 Revenue at ? 3,199 Million, up 13% Y-o-Y
/ -- Key Highlights Consolidated Q3 FY19 revenue up 13% y-o-y Q3 FY19 subscription revenue up 20% y-o-y Q3 FY19 finance cost down 20% y-o-y due to forex gain Q3 FY19 PAT at ? 197 million, up 2% y-o-y and up 17% q-o-q 9M FY19 Consolidated revenue up 14% 9M FY19 consolidated PAT up 10% Seeded 300,000 STB boxes and added 170,000 CATV Digital Paying Subs during Q3 FY19 Added 350,000 new home pass; added 11,000 broadband subscribers during Q3 FY19 Consumption per customer at 95 GB/month as on December 2018; up from 38 GB/month in March 2017 GTPL Hathway Limited (GTPL), India's leading Digital Cable TV and Broadband Service provider, today announced the financial results for the third quarter and nine months ended on December 31, 2018, as approved by its Board of Directors. (Logo: https://mma.prnewswire.com/media/598543/GTPL_Hathway_Logo.jpg ) Commenting on performance, Anirudhasinhji Jadeja, Managing Director, GTPL Hathway, said, "In an environment of uncertainty, GTPL Hathway ...
Firmenich CEO in Global Top 100 C-Suite Ranking
/ -- Gilbert Ghostine honored for inclusive growth leadership & innovation Firmenich is proud to announce that its CEO, Gilbert Ghostine, has been recognized by CEO Today with its 2019 "Global CEO Award". With a relentless focus on delivering differentiating innovation, Gilbert Ghostine is a pioneer in leading inclusive growth to create sustainable value for his customers, colleagues, shareholders and communities. The flagship publication honors the 100 most respected global leaders for their outstanding achievements from business development and innovation to leading market share. (Logo: https://mma.prnewswire.com/media/798187/Firmenich_Logo.jpg ) "Since our creation in 1895, Firmenich has always been more than a Company, we are a family with a unique legacy of responsible business," said Patrick Firmenich, Chairman of the Firmenich Board. "A true guardian of our values, Gilbert's commitment to world-class science and sustainable growth, is critical to our long-term success. ...
Sun Pharma rises after strong Q3 results
Sun Pharmaceutical Industries rose 2.12% to Rs 446 at 10:01 IST on BSE after consolidated net profit rose 310% to Rs 1,461.03 crore on 16.04% increase in net sales to Rs 7,656.71 crore in Q3 December 2018 over Q3 December 2017.
Gold rises on weak dollar; investors seek more clarity on U.S.-China trade talks
(Reuters) - Gold firmed slightly on Wednesday as investors held onto the safe-haven metal while seeking more clarity on Sino-U.S. trade talks, and as volatility in the dollar provided further support.
Board of Assam Company India appoints director and increases authorised share capital
At meeting held on 12 February 2019
Market drifts higher in early trade
Domestic stocks edged higher in early trade boosted by improved industrial production data for December. At 9:23 IST, the barometer index, the S&P BSE Sensex, was up 177.95 points or 0.49% at 36,331.57. The Nifty 50 index was 41.30 points or 0.38% at 10,872.70.
Board of Parle Software appoints CEO
At meeting held on 12 February 2019
Aksh Optifibre Ltd Falls 5.56%
Aksh Optifibre Ltd has lost 19.55% over last one month compared to 5.71% fall in S&P BSE Telecom index and 1.2% rise in the SENSEX
Lumax Auto gains after unit kicks off production
Lumax Auto Technologies rose 2.56% to Rs 142 at 9:31 IST on BSE after the company said that its newly set-up unit at Aurangabad started commercial production from 12 February 2019.
Prabhat Dairy Ltd Spurts 5%, S&P BSE FMCG Sector index Gains 1.23%
Prabhat Dairy Ltd has lost 34.6% over last one month compared to 2.86% fall in S&P BSE FMCG Sector index and 1.38% rise in the SENSEX
Markets opens on positive note
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
Rupee gains 26 paise against US dollar in opening trade
The rupee appreciated by another 26 paise to 70.44 against the US dollar in opening trade Wednesday after retail inflation fell to a 19-month low of 2.05 per cent in January. The weakness in the dollar against some currencies overseas as investors shifted their focus to riskier asset amid the US-China trade truce hopes, also supported the rupee's upmove. Besides, retail inflation falling to a 19-month low of 2.05 per cent in January over the previous month, and selling of the American currency by exporters supported the rupee, forex dealers said. Industrial output growth remained subdued at 2.4 per cent in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector. The rupee had gained 48 paise to end at a one-month high of 70.70 against the US dollar Tuesday, registering its sixth straight session of gain. In the last six trading sessions, the rupee has gained 110 paise. The benchmark BSE Sensex rose 184.68 points, or 0.51 per cent, to ...
US public debt at record high above $22 trillion
America's public debt has reached a record high of more than $22 trillion, according to data released by the US Treasury Department.
Stocks may open on a flat note
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 2 points at the opening bell.
Alembic Pharma in spotlight after unit gets USFDA approval for drug
Alembic Pharmaceuticals announced after trading hours yesterday, 12 February 2019, that its wholly-owned step-down subsidiary Orit Laboratories LLC has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Fenofibrate Tablets USP, 54 mg and 160 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Tricor Tablets, 54 mg and 160 mg, of AbbVie Inc. (AbbVie).
Venezuela turns to India as sanctions cut oil flow to U.S., Europe
HOUSTON/MEXICO CITY/MOSCOW (Reuters) - Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
Asian stocks touch four-month peak on U.S.-China trade deal hopes
TOKYO (Reuters) - Asian stocks edged up to 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.
Japan's Nikkei advances on Wall Street's gains
Tokyo stocks opened higher on Wednesday following Wall Street's solid lead overnight.