Magnum Ventures posts Quarterly Result net profit of Rs 0.24 cr

The company reported standalone net profit during the quarter stood at Rs 0.24 crore compared to net loss of Rs 11.42 crore in the previous year quarter. Net revenue of the company rose moderately by 9.74 per cent at Rs 63.19 crore in April-June quarter of this fiscal as against Rs 57.58 crore in the corresponding period last year.

During April-June quarter, operating expenses increas

Lakhotia Polyesters Quarterly result net profit jumps 100.00% at Rs 0.02 cr

The company reported standalone net profit of Rs 0.02 crore for the quarter ended June 30, 2017 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 100.00 per cent. Net revenue of the company rose substantially by 51.90 per cent at Rs 7.58 crore in April-June quarter of this fiscal as against Rs 4.99 crore in the corresponding period last year.

Coal India to incur Rs 8,500 cr capital expenditure in 2017-18

 Coal India Ltd (CIL), which produces 84 per cent of the country's total output of the mineral, has planned to invest Rs 8,500 crore as capital expenditure in 2017-18, its latest annual report said.

"The capital expenditure for the year 2017-18 has been set at Rs 8,500 crore," the miner said in its annual report.

Overall capital expenditure durin

Lumax Auto signs JV agreement with Ituran Location

Lumax Auto Technologies Ltd has said that it has signed a joint venture (JV) agreement with Ituran Location and Control Ltd, Israel for sale of telematics products and services to the Indian automotive industry. The new JV Company is “Lumax Ituran Telematics Pvt Ltd”. According to the agreement, Lumax Auto Technologies will own 50% of the joint venture, with Ituran owning the remain

Kilpest India`s arm bags award from FMPCCI, Bhopal

Kilpest India has said that its subsidiary, 3B BLACKBIO BIOTECH (I) LTD. Bhopal has been awarded with the “Outstanding Achievement Award in recognition of excellence in R&D through technology in MSME enterprise category?, during the 4th Outstanding Achievement Award 2016, held on 12th Aug. 2017 (Saturday),organized by Federation of Madhya Pradesh Chambers of Commerce and Industry(FMPC

Mindtree recognized as leading service provider by ISG

Mindtree, a global technology services and digital transformation company, has been recognized as a leading service provider in Application Development & Maintenance (ADM) services by Information Services Group (ISG), a leading global technology research and advisory firm. According to the new ISG Provider Lens™ ADM Quadrant Report, Mindtree was named a 'Leader' in application

Inox Leisure to pump in Rs 100-cr for 39 new screens

Inox Leisure plans to invest around Rs 100 crore to open 39 more screens this fiscal to take its total screen count to over 500, reported PTI. The company operates over 475 screens in 58 cities. "A new screen pipeline for the (remaining part of this financial) year includes 9 properties with 39 screens and 6,577 seats," Alok Tandon - CEO, Inox Leisure told analysts during a conference

ONGC committed to reduce nation`s oil and gas import bill

The Oil and Natural Gas Corporation (ONGC) is committed to reduce the import burden of oil and gas by 10 per cent, as exhorted by Prime Minister Narendra Modi, said a senior ONGC official, reported PTI. "ONGC has completed Rs 7,738 crore acquisition of 80 per cent stake in GSPC's KG basin gas block.

The acquisition will enhance natural gas production from domestic fields on a

EIH to add more properties in India, overseas markets

EIH Ltd, which runs hotels and resorts under the Oberoi and the Trident brands, is looking to add more hotels both in India and overseas, the company said as per the PTI report. Outside the country, the upcoming hotels and resorts will be in locations such as Marrakech and Casablanca in Morocco, Doha in Qatar and near Maasai Mara National Reserve in Kenya, EIH said in its latest annual report.<

Key Indian equity indices trade higher in afternoon session

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

The 30-scrip Sensitive Index (Sensex), was trading 170.49 points or 0.54 per cent higher in the afternoon session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 48.95 points or 0.50 per cent higher at 9,843.10 points.

The Sensex of th

Thousands transferred, branches closed, but no major protests in SBI

India's largest lender, State Bank of India (SBI), has rationalised 716 offices (594 branches and 122 administrative offices) and several thousands of employees have been transferred beginning this fiscal, but, strangely, there have been no major protests, top officials said.

Several hundreds of offices would be closed and thousands of staff would be moved in the coming month

Indian markets closed on Tuesday for public holiday

MUMBAI - Indian markets are closed on Tuesday for a public holiday. Trading will resume on Wednesday.

The broader NSE Nifty rose 0.86 percent on Monday, its biggest one-day percentage gain since July 10, while the benchmark BSE Sensex gained 0.75 percent.

The benchmark 10-year note rose 2 basis points to 6.52 percent on Monday, while the rupee ended at 64.12

Coal India Quarterly result net drops 23% to Rs 2,351 cr on higher expenses

 State miner Coal India Ltd (CIL) on Monday posted a 23 per cent fall in consolidated net profit for the first quarter ended June at Rs 2,351.2 crore caused by higher expenses.

According to a stock exchange filing, the company had recorded a profit after tax (PAT) of Rs 3,065.2 crore in the same quarter a year ago.

CIL's consolidated income during quarter

MEP Infrastructure Quarterly Result net profit up 7.05% at Rs 3.19 cr

The company reported standalone net profit of Rs 3.19 crore for the quarter ended June 30, 2017 as compared to Rs 2.98 crore in the same period last year, registering a year-on-year growth of 7.05 per cent. Net revenue of the company rose by 0.06 per cent at Rs 187.68 crore in April-June quarter of this fiscal as against Rs 187.56 crore in the corresponding period last year.

During Ap

Hindustan Unilever CFO P B Balaji quits

FMCG major Hindustan Unilever today said its Chief Financial Officer P B Balaji has resigned and also quit the board. Balaji (46), who was Executive Director (Finance and IT), was associated with HUL for the last 24 years and worked in various positions. "P B Balaji, Executive Director, Finance and IT and CFO, has tendered his resignation from the board of the company to explore an opportu

Nifty posts biggest gain in over a month

The NSE Nifty posted its biggest daily gain in more than a month, recovering from a five-day losing streak, as investors saw those losses as overdone and as global markets gained amid dampened prospects of a U.S. rate hike this year.

The broader Nifty ended 0.86 percent higher at 9,794.15, its biggest one-day percentage gain since July 10.

The benchmark BSE Sensex closed up

Cadila Healthcare settles patent litigation with Aptalis

Cadila Healthcare Limited, a global pharmaceuticals company has said that the patent litigation relating to Aptalis’s CANASA ® (mesal amine suppository, 1 g) has been settled. As a result of the settlement, its US subsidiary, Zydus Pharmaceuticals (USA) Inc., will be able to market its generic version of CANASA ® in the United States beginning on June 13, 2019, or earlier under ce

NCLT approves RCOM-Aircel merger, Brookfield deal

The National Company Law Tribunal (NCLT) on Monday passed an order allowing the Aircel-Reliance Communications merger and also the Brookfield Towers sale to proceed.

According to sources, the NCLT has also allowed Reliance Communications' (RCOM) tower arm's 51 per cent stake sale to Brookfield for Rs 11,000 crore.

RCOM and Aircel had signed a definitive doc

HCL Tech launches A.I–powered transformation platform

HCL Technologies (HCL) on Monday said it has launched ‘Cognitive Orchestrated Process Autonomics (COPA)’ Platform for enterprise–wide process revamp and ‘Transformation through Autonomics & Orchestration (TAO)’, bringing top–end consulting services to enterprises, looking to rebuild their business and IT systems on the foundation of A.I.

The dev

Birla Corp posts cons net profit of Rs 43.21 cr in Quarterly result

Birla Corporation, an Indian-based flagship company of the M P Birla group of companies, has reported a consolidated net profit of Rs 43.21 crore for the first quarter ended June 30, 2017. “The company had posted consolidated net profit of Rs 94.44 crore in the same quarter last year,” Birla Corporation said in a filing to the Bombay Stock Exchange.

The said the results of

Tata Power June-quarter profit more than doubles

Tata Power Co Ltd's first-quarter profit more than doubled, helped by higher income from its core power generation business.

Profit came in at 1.64 billion rupees ($25.6 million) in the quarter ended June 30, compared with a profit of 724.9 million rupees a year earlier, the company said on Monday.

Income from its power business grew about 6 percent to 10.01 billion rupe

IDBI Bank reports Rs 853 cr net loss for quarterly result

State-owned IDBI Bank on Monday reported its standalone net loss at Rs 853 crore for the first quarter (Q1) of 2017-18 ending June 30 from a net profit of Rs 241.1 crore reported during Q1 last fiscal.

The state-run bank's total income for Q1 fell by 18.11 per cent to Rs 6,730.88 crore compared to Rs 8,219.43 crore reported during the corresponding period of 2016-17.
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Titan sees up to 30 percent rise in sales with stores expansion

PANAJI, India - Titan Co, India's biggest listed jeweller, expects its jewellery sales to rise by 20-30 percent in 2017/18 fiscal year ending March, as it plans to add more than two dozen retail stores to boost its presence in small towns, a senior company official said.

"We are planning to add 25 to 30 stores on franchise basis this year on top of existing a

Ugar Sugar Works posts Quarterly Result net loss of Rs 24.22 cr

The company reported standalone net loss during the quarter stood at Rs 24.22 crore compared to net profit of Rs 1.11 crore in the previous year quarter.  Net revenue of the company declined moderately by 10.00 per cent at Rs 105.08 crore in April-June quarter of this fiscal as against Rs 116.75 crore in the corresponding period last year.

During April-June quarter, operating exp

Larsen & Toubro allots 2,51,297 equity shares

Larsen & Toubro Ltd said that it has allotted 2,51,297 equity shares under the Company's Employee Stock Ownership / Option Schemes. “The Company has allotted 2,51,297 shares on 12th August 2017 to those grantees who had exercised their options under the Company's Employee Stock Ownership / Option Schemes,” it said in a filing to the Bombay Stock Exchange.

The s