GVK Power & Infra loss widens to Rs 132 crore in June quarter
Total revenue in Q1 under review came down to Rs 1,042.12 cr from Rs 1,106.33 cr a year ago.
MCFL Q1 net loss narrows to Rs 4.64 cr
Total income rose to Rs 746.10 crore during April-June period of 2019-20 fiscal from Rs 673.31 crore in the corresponding period of previous year, the company said in a regulatory filing.
World Economy Seen Entering Recession In 3 Quarters: Morgan Stanley
Escalation in trade tension between the two largest economies — US and China — is the chief factor nudging the world economy towards a recession.
Mukesh Ambani Says Ongoing Slowdown “Temporary”
The statement comes at a time when the growth of the Indian economy has slowed and consumption is significantly low in several sectors.
SJVN net up 44% at Rs 423 crore in June quarter
Company’s net profit was Rs 294.35 cr in the Q1 of 2018-19 and total income rose to Rs 815.06 cr.
Eros International Q1 net falls 55% to Rs 27.05 crore
Total income during the reported quarter stood at Rs 210.29 crore as against Rs 223.57 crore.
Emami Paper Standalone June 2019 Net Sales at Rs 354.06 crore, down 7.4% Y-o-Y
Trigyn Tech Consolidated June 2019 Net Sales at Rs 218.08 crore, up 17.03% Y-o-Y
AAI to spend Rs 19,000 crore on upgrading airport infrastructure: Report
An AAI official said that the investment is being made to improve runway capacity as well as building terminal capacity.
Property Consultant Says Prices In J&K May Rise After Article 370 Removal
However, the consultant said that security concern may keep prospective property buyers at bay for now.
Alkem Laboratories Q1 net profit jumps 36% to Rs 187.29 crore
Company’s India sales grew by 12.1% YOY, recording sales of Rs 1,222 cr.
Gold retouches all-time high mark of Rs 38,470 on jewellers’ buying
Yellow metal has made considerable gains in the past few days due to ongoing trade conflict.
Reliance-Microsoft Cloud Tie-Up Poses Threat To Amazon, Google: Analysts
The Indian cloud market is expected to grow at an average 23 per cent annually over the next five years to touch $5.6 billion.
JLR sales increase 5% in July at 37,945 units
Land Rover sales were at 26,559 units, up 5.6 per cent from the same month last year.
Airtel says no plans to sell stake
“There is no proposal for sale of stake in Bharti Airtel either directly or indirectly.”
Jet Airways Sale Suffers Setback As Potential Investors Back Out
Etihad Airways, which already owns a minority stake in Jet, said it was not interested in reinvesting in the airline.
Motherson Sumi consolidated net profit dips 42% in Q1
Revenues from operations during the period under consideration went up 14% to Rs 16792.63 cr.
Fullerton India Credit aims to raise $250-300 million via offshore loan
Singapores DBS Bank and Japans MUFG and Mizuho banks are helping the company arrange the syndicated loan.
Wheels India posts April-June quarter net at Rs 11.62 cr
The city-based TVS Group company had recorded net profits at Rs 18.01 crore during the corresponding quarter of the previous year.
At $111 billion, Aramco made more profit than Apple, Exxon and Shell put together last year
Saudi Aramco said its net profit in the first half of 2019 rose to $46.9 billion.
Sri Lanka’s move to ease exports to India worries pepper industry
Any export above the limit is subjected to 8 per cent duty under South Asia Free Trade Agreement.
Saudi Aramco to Help Mukesh Ambani Cut Company’s Rs 1.5 Lakh Crore Debt
The company will also start preparing to list its retail and telecommunications units within five years, Mr Ambani said.
Donald Trump’s New Rule Could Cut Legal Immigration In Half: Advocates
The long-anticipated rule, pushed by Donald Trump’s leading aide on immigration, Stephen Miller, takes effect October 15.
Passenger Vehicle Sales Slump 31% In July
The country’s automakers sold a total of 200,790 passenger vehicles in July, according to data released by SIAM.
Vodafone Idea, Bharti Airtel Slump On Reliance Industries JioFiber Push
The JioFiber services will start from September 5 on the third anniversary of Jio’s launch, Mr Ambani added.
Reliance Industries Shares Surge On Mukesh Ambani’s Plan To Slash Debt
The company will also start preparing to list its retail and telecommunications units within five years, billionaire Mukesh Ambani said.
Most brokerages go gung ho on RIL stock; but some are cautious
Morgan Stanley said it is time to take a relook on the counter.
Bharat Forge Q1 profit plunges 28% to Rs 171.9 cr amid subdued domestic demand.
Jet Airways hits lower circuit as Anil Agarwal’s family trust withdraws EOI
With Volcan pulling out, only two entities are left in the fray to buy stake in the airline.
Aramco To Acquire 20% In Reliance Industries’ Oil-To-Chemicals Business
The deal values Reliance Industries’ oil-to-chemical business at $75 billion, an approximate amount of Rs 5.3 lakh crore.
UP govt seeks compliance report on plastic ban
A list of traders has also been sought who are selling banned plastic.
RIL Jumps Most In A Decade After Mukesh Ambani Reveals Zero-Net-Debt Plan
Reliance Industries’ billionaire chairman, Mukesh Ambani, unveiled plans to launch cut-price home internet services across the country next month.
PVR, Inox Shares Hit By Reliance’s ‘First Day-First Show’ Plan
In its statement, Inox said that the exclusive theatrical window is a model that is followed internationally, in order to ensure the robust financial viability of all the segments of the sector.
Britannia sees target price cuts post Q1 results, stock falls 4%
Nirmal bang Institutional Equities has a buy rating on the stock but has revised downward its target.
Car Sales Slump 36% In July Amid Deepening Auto Sector Crisis.
Domestic passenger vehicles sales in India stood at 2,00,790 units last month, marking a year-on-year decline of 30.98 per cent, data from industry body SIAM or Society of Indian Automobile.
Special Cell To Deal With Cases Of Amrapali Homebuyers Top Court Told
On July 23, the top court cancelled the real estate company Amrapali Group’s RERA’s licence and appointed NBCC to complete all pending projects.
Global jitters help end Australian shares’ four-day win streak
The S&P/ASX 200 index fell 0.3 per cent to 6,568.5 at the close.
Adani Ports & SEZ: An attractive long-term play in port logistics
Adani Ports & SEZ built a dominant position in port logistics at a time when others were exiting the business.
Poorer states leave industrialised peers behind in GST collection rates: Report
Overall GST collection for the period rose 9 per cent to Rs 3.56 lakh crore
MakeMyTrip appoints Sunil Suresh as Chief Marketing Officer
Previously, Sunil was global vice president of strategy and marketing at Capillary Tech for two years, the statement said.
Shree Cement dips 4% as CLSA downgrades stock after Q1 numbers miss estimates
Citi has neutral call on the stock with a target price at Rs 21,000 per share as Q1 was slightly below estimate and there is limited valuation.
Former PM Manmohan Singh files Rajya Sabha nomination from Rajasthan
He was accompanied by Chief Minister Ashok Gehlot, Deputy Chief Minister Sachin Pilot, AICC general secretary in charge of Rajasthan.
Tech Mahindra to buy 65% stake in MadPow for $17 million IT company
Tech Mahindra will pay USD 17 million (about Rs 121 crore) to acquire 65 per cent stake in US-based strategic design consultancy firm MadPow.
Major Subsidies At 51% Of Budget Estimates Till June
The urea subsidy as on June-end at Rs 19,482.99 crore has galloped to 39 per cent of the BE of Rs 50,154 crore.
Orchid Pharma Standalone June 2019 Net Sales at Rs 135.77 crore, up 3.92% Y-o-Y.
Pix Transmis Standalone June 2019 Net Sales at Rs 70.13 crore, up 1.34% Y-o-Y.
Rishi Laser Consolidated June 2019 Net Sales at Rs 27.16 crore, down 19.26% Y-o-Y.
Bosch’s Indian Unit Says Outlook For Auto Industry “Extremely” Challenging
Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5 per cent in the June quarter.
Sun Pharma Profit Up 31% At Rs 1,387 Crore In June Quarter, Shares Jump
Shares in Sun Pharma jumped as much as 5.43 per cent after the earnings announcement.
Indiabulls Housing Finance Shares Jump 14% On Law Firm’s Public Apology
The law firm had earlier alleged that Indiabulls was involved in misappropriation of public money to the tune of Rs 98,000 crore.
Amrit Corp Standalone June 2019 Net Sales at Rs 19.93 crore, up 15.23% Y-o-Y