Essar sells Aegis to CSP for $300 mn

Essar sells Aegis to CSP for $300 mn

Essar Global on Monday said it has sold the business process outsourcing (BPO) company Aegis to Singapore-based investment firm Capital Square Partners (CSP) for $300 million (approximately Rs 2,000 crore).

According to the Essar Group, the transaction was made by AGC Holdings Limited (AGC) Mauritius which is a wholly owned portfolio comp

Kiri Industries Q2 net profit up 18.34% at Rs 30.07 cr

The company reported standalone net profit of Rs 30.07 crore for the quarter ended September 30, 2017 as compared to Rs 25.41 crore in the same period last year, registering a year-on-year growth of 18.34 per cent. Net revenue of the company declined moderately by 6.55 per cent at Rs 226.69 crore in July-September quarter of this fiscal as against Rs 242.58 crore in the corresponding period las

GRP Q2 net profit down 13.19% at Rs 2.37 cr

The company reported standalone net profit of Rs 2.37 crore for the quarter ended September 30, 2017 as compared to Rs 2.73 crore in the same period last year, registering a year-on-year decline of 13.19 per cent. Net revenue of the company declined by 0.35 per cent at Rs 80.10 crore in July-September quarter of this fiscal as against Rs 80.38 crore in the corresponding period last year. During

Lenovo tops Indian tablet market with 94% growth

While the Indian tablet PC market recorded a 4 per cent decline (Year-on-Year) in the third quarter this year, Lenovo captured 20.3 per cent share to lead the segment, witnessing 94 per cent growth over the previous quarter, market research firm CMR said on Monday.

Acer grabbed the second spot with 16 per cent market share in terms of unit shipments.

"Over a period of t

Penalise companies for failing to protect data: Huawei

 With a viable and immediate solution to the growing problem of data breach eluding the international community for years, governments the world over should consider instituting a system of incentives and disincentives whereby companies failing to protect personal data could be penalised, suggests Chinese technology giant Huawei's global head of cybersecurity John Suffolk.

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Ecoplast Q2 net profit down 14.29% at Rs 0.54 cr

The company reported standalone net profit of Rs 0.54 crore for the quarter ended September 30, 2017 as compared to Rs 0.63 crore in the same period last year, registering a year-on-year decline of 14.29 per cent. Net revenue of the company declined by 5.22 per cent at Rs 23.43 crore in July-September quarter of this fiscal as against Rs 24.72 crore in the corresponding period last year.

Goldiam International Q2 net profit down 86.57% at Rs 0.74 cr

The company reported standalone net profit of Rs 0.74 crore for the quarter ended September 30, 2017 as compared to Rs 5.51 crore in the same period last year, registering a year-on-year decline of 86.57 per cent. Net revenue of the company declined substantially by 29.27 per cent at Rs 25.85 crore in July-September quarter of this fiscal as against Rs 36.55 crore in the corresponding period la

Shaily Engineering Q2 net profit jumps 58.60% at Rs 6.36 cr

The company reported standalone net profit of Rs 6.36 crore for the quarter ended September 30, 2017 as compared to Rs 4.01 crore in the same period last year, registering a year-on-year growth of 58.60 per cent. Net revenue of the company rose substantially by 23.50 per cent at Rs 78.82 crore in July-September quarter of this fiscal as against Rs 63.82 crore in the corresponding period last ye

Vadilal Enterprises Q2 net profit zooms 611.11%

The company reported standalone net profit of Rs 1.28 crore for the quarter ended September 30, 2017 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year growth of 611.11 per cent. Net revenue of the company declined marginally by 1.51 per cent at Rs 110.61 crore in July-September quarter of this fiscal as against Rs 112.31 crore in the corresponding period last

Synthiko Foils Q2 net profit jumps 83.33% at Rs 0.11 cr

The company reported standalone net profit of Rs 0.11 crore for the quarter ended September 30, 2017 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year growth of 83.33 per cent. Net revenue of the company rose substantially by 24.28 per cent at Rs 5.63 crore in July-September quarter of this fiscal as against Rs 4.53 crore in the corresponding period last year

Oriental Carbon Q2 net profit down 15.45% at Rs 12.42 cr

The company reported standalone net profit of Rs 12.42 crore for the quarter ended September 30, 2017 as compared to Rs 14.69 crore in the same period last year, registering a year-on-year decline of 15.45 per cent. Net revenue of the company rose moderately by 8.59 per cent at Rs 74.72 crore in July-September quarter of this fiscal as against Rs 68.81 crore in the corresponding period last yea

Transformers & Rectifier Q2 net profit down 70.73% at Rs 2.81 cr

The company reported standalone net profit of Rs 2.81 crore for the quarter ended September 30, 2017 as compared to Rs 9.60 crore in the same period last year, registering a year-on-year decline of 70.73 per cent. Net revenue of the company declined substantially by 36.70 per cent at Rs 165.80 crore in July-September quarter of this fiscal as against Rs 261.93 crore in the corresponding period

Divya Jyoti Industries Q2 net profit down 61.11%

The company reported standalone net profit of Rs 0.07 crore for the quarter ended September 30, 2017 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year decline of 61.11 per cent. Net revenue of the company declined substantially by 50.22 per cent at Rs 14.50 crore in July-September quarter of this fiscal as against Rs 29.13 crore in the corresponding period la

PSP Projects Q2 net profit jumps 97.20% at Rs 12.66 cr

The company reported standalone net profit of Rs 12.66 crore for the quarter ended September 30, 2017 as compared to Rs 6.42 crore in the same period last year, registering a year-on-year growth of 97.20 per cent. Net revenue of the company rose substantially by 79.74 per cent at Rs 139.55 crore in July-September quarter of this fiscal as against Rs 77.64 crore in the corresponding period last

Indosolar posts Q2 net loss of Rs 45.17 cr

The company reported standalone net loss during the quarter stood at Rs 45.17 crore as compared to net loss of Rs 31.61 crore in the previous year quarter. Net revenue of the company declined moderately by 6.27 per cent at Rs 100.62 crore in July-September quarter of this fiscal as against Rs 107.35 crore in the corresponding period last year.

During July-September quarter, operating

Arihant Capital Q2 net profit jumps 65.13% at Rs 6.44 cr

The company reported standalone net profit of Rs 6.44 crore for the quarter ended September 30, 2017 as compared to Rs 3.90 crore in the same period last year, registering a year-on-year growth of 65.13 per cent. Net revenue of the company rose triple digit by 140.02 per cent at Rs 28.25 crore in July-September quarter of this fiscal as against Rs 11.77 crore in the corresponding period last ye

ICEX launches 50-cents diamond futures contract

MUMBAI  - The Indian Commodity Exchange (ICEX) on Monday launched 50-cents diamond futures contracts, the exchange said in a statement.

The 50 cents contracts for expiry in February, March and April 2018 are expected to attract more industry players as half carat diamonds are used in jewellery, the exchange said.

In August, ICEX had launched world's

L&T Construction bags order worth Rs 3752 cr

L&T has said that its construction arm has won orders worth Rs 3572 crore across various business segments. Transportation Infrastructure Business has been awarded a prestigious contract worth Rs 1358 crore for the construction of a new South Parallel runway, apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities)

DLF becomes LEED certified provider of green commercial space

DLF's 31 office buildings across major cities and a shopping mall at Noida, comprising a total of 28.5 million sq ft area, have 'LEED' certification, becoming a leading provider of green commercial space, reported PTI. LEED (Leadership in Energy and Environmental Design) is the world's most widely used and recognised green building rating system.

DLF, in a statement, s

Sun Pharma voluntarily recalls two lots of Riomet

Sun Pharmaceutical Industries Ltd. has said that it is voluntarily recalling two lots of Riomet® (Metformin Hydrochloride Oral Solution), 500 mg/5mL, to the retail level (Class II Recall). This product is manufactured for SPII by a contract manufacturer. The Riomet® (Metformin Hydrochloride Oral Solution) has been found to be contaminated (Scopulariopsis brevicaulis).

The cont

Key Indian equity indices trade lower during afternoon session

The key Indian equity indices on Monday was trading lower in the afternoon session on Monday.

The 30-scrip Sensitive Index (Sensex), was trading 131.97 points or 0.39 per cent lower, while the wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 43.10 points or 0.41 per cent lower at 10,346.60 points.

The Sensex of the BSE, which opened at 33,640.51 points,

Data, derivatives and direction of funds to steer equities

 GDP data for the second quarter of the 2017-18 fiscal, along with expiry of derivatives and the movement of foreign funds, are expected to be the main indicators to give direction to the key Indian equity indices in the upcoming week.

Apart from global cues, over the coming weeks, markets will seek direction from future events like the Reserve Bank of India policy meet duri

ATMA-Rubber Board working to improve natural rubber quality

 The Automotive Tyre Manufacturers Association (ATMA) is working with Rubber Board to improve the quality of natural rubber and those who are making poor quality sheet rubber would be identified, said a top official.

"ATMA is working with Rubber Board on improving quality of natural rubber. Indian tyre manufacturing is converging to the world in research and development

Equities rise on DII inflows, lingering effects of Moody`s upgrade

Pursuing the optimism on a sovereign ratings upgrade of the Indian government's bonds by US credit rating agency Moody's last week, the key Indian equity indices rode the bulls with a further thrust given by continued buying by domestic institutional investors.

Market observers were of the view that investors awaited the comments from another ratings agency Standard &

Jindal Steel could win a slice of rail tender: sources

NEW DELHI - A clause in India's global tender for steel rails, part of a $130 billion overhaul of its railways, could help Jindal Steel and Power Ltd win up to 20 percent of the work, sources said.

The world's fourth-largest rail system is undergoing a five-year overhaul to replace ageing tracks, improve efficiency and end a spate of deadly train accidents, in