India Nippon Electricals Q2 net rises 4.5% at Rs 11.17 cr

India Nippon Electricals on Friday reported standalone net profit of Rs 11.17 crore for the quarter ended September 30, 2017 as compared to Rs 10.69 crore in the same period last year, registering a year-on-year growth of 4.49 per cent. Net revenue of the company rose substantially by 21.94 per cent at Rs 117.55 crore in July-September quarter of this fiscal as against Rs 96.40 crore in the cor

ASM Technologies Ltd Q2 net profit jumps 44.27% at Rs 1.89 cr

ASM Technologies has reported standalone net profit of Rs 1.89 crore for the quarter ended September 30, 2017 as compared to Rs 1.31 crore in the same period last year, registering a year-on-year growth of 44.27 per cent. Net revenue of the company rose moderately by 7.62 per cent at Rs 19.50 crore in July-September quarter of this fiscal as against Rs 18.12 crore in the corresponding period la

Motilal Oswal Q2 net up 41% at Rs 144 cr on strong overall growth

Motilal Oswal Financial Services has posted a 41.18 per cent jump in its consolidated net profit at Rs 144 crore for the September quarter, backed by strong growth across all businesses. The company had reported a net profit of 102 crore during the corresponding quarter last financial year, it said in a statement.

The consolidated revenues for the company stood at Rs 713 crore for the

HSIL eyes Rs 700 cr sales from consumer biz in 4-5 years

HSIL is eyeing an 80 per cent growth in its consumer product vertical and expects it to garner a revenue of Rs 700 crore in the next four to five years, a top company official said as per the PTI report. "Our consumer business is growing at 80 per cent. It is a new business we got into. We should close the year at Rs 220- 240 crore over last year's revenue of Rs 130 crore from the divi

Healthy buying sentiment lifts equity indices to new highs

Key Indian equity indices, which opened on a flat note, traded at fresh highs during the mid-afternoon session on Monday with robust buying in consumer durables and automobile stocks.

According to market observers, healthy buying in index heavyweights like ONGC, Mahindra and Mahindra, Tata Motors, Maruti Suzuki and Tata Consultancy Services, among others, aided in the upward trajector

Equity indices to take cues from results, macro-data

The key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- are expected to take cues from quarterly results, along with macro-economic data points and the flow of foreign funds during the upcoming week.

"The focus will continue to be on results this month. Sectors like PSU banks, infra and pharma will be in focus," Arpit Jain, AVP at Arihant Capital Markets, told

Brookfield eyes mobile towers in India as deal with RCom stumbles

NEW DELHI  - A unit of Canada's Brookfield Asset Management said it is evaluating a number of telecom tower portfolios in India to scale its presence after talks to acquire over 40,000 towers from debt-laden Reliance Communications hit a snag.

The deal with Brookfield hinged on Reliance Communications or RCom merging its mobile operations with rival Aircel bu

Ease of biz, positive macro data propel equity indices to new highs

Bolstered by an upbeat domestic macro data and global cues, the two key Indian equity indices -- BSE Sensex and NSE Nifty50 -- rode the bulls to scale new highs during the week ended Friday.

According to market analysts, India's advancement to the top 100 in the World Bank's Ease of Doing Business global rankings, along with a strengthening rupee and healthy buying in index he

Power Finance Corp Q2 net marginally up at Rs 1,887 cr

State-run Power Finance Corporation (PFC) on Friday posted a marginal rise of 0.7 per cent in its net profit for the second quarter ending September at Rs 1,886.59 crore compared with last year.

The company had registered a net profit of Rs 1,873.42 crore in the same quarter of 2016-17, the company said in a stock exchange filing.

The company's total income increased to

UCO Bank net loss widens by 62% in Q2

State-run UCO Bank on Friday reported that its net loss widened by about 62 per cent to Rs 622.56 crore during the quarter ended September 30, as compared to Rs 384.83 crore for the year-ago period.

During the first quarter this fiscal, the city-based lender had posted a net loss of Rs 663.02 crore.

Its operating profit, during the July to September quarter, was at Rs 243.79

Shipping Corporation`s net loss mounts in Q2

The Shipping Corporation of India (SCI) on Friday posted a net loss of Rs 76.18 crore in the quarter ended September 30, up from Rs 17.77 crore in the year-ago period.

Its revenue from operations, during the quarter under review, was Rs 808.22 crore, up by 6.5 per cent from Rs 758.24 crore in the corresponding period last year.

The shipping major said its total expenses in t

Tata Power`s Q2 consolidated net profit down 44%

 Integrated power company Tata Power on Friday reported a decline of 43.63 per cent in its consolidated net profit to Rs 268.50 for the second quarter (Q2) ended on September 30.

The company's net profit stood at Rs 268.50 crore for Q2 FY18 from Rs 476.30 crore during the corresponding period of the previous fiscal.

According to the company, its total income rose by

BSE`s Q2 net profit up 4%

 (IANS) Stock exchange major BSE on Friday reported a rise of four per cent in its net profit for the second quarter ended on September 30.

According to the BSE, the net profit for Q2 FY18 rose to Rs 66.83 crore from Rs 63.99 crore during the corresponding quarter of the previous fiscal.

The stock exchange's revenue from operations for the quarter under review was r

All-party meeting in Kozhikode over protests against GAIL pipeline

 With protests against laying of GAIL pipelines in parts of Kozhikode and Malappuram districts taking a violent turn, the Kerala government has decided to call an all-party meeting on Monday over the issue.

State Industries Minister A.C. Moideen has asked the Kozhikode district collector U.V. Jose to call a meeting to discuss the issue on Monday.

The protest on Wednesda

Coal movement through road up by 12 mt: Coal India

Coal India on Friday said the movement of coal through road was a little over 93 million tonne (mt) during the April to October period of the current fiscal, up by 12 mt over the same period last year.

"As of end of October 2017, the movement of coal through road mode at a little over 93 mt accounted for 29 per cent of the total coal despatch of 317 mt," the state-run miner

Punjab National Bank, Union Bank bad loan growth slows but provisions weigh

By Mohi Narayan and Devidutta Tripathy

NEW DELHI/MUMBAI - Two of India's big state banks saw the pace of bad loan growth slow in the second-quarter, but steep provisions for defaulters in bankruptcy proceedings mean profits will stay under pressure until at least March.

Punjab National Bank (PNB), the second-biggest state lender, reported a better-than-e

ITC to invest Rs 10k cr to set up food processing units

Diversified conglomerate ITC today said it plans to invest Rs 10,000 crore to set up food processing facilities across the country. The Kolkata-based company is looking to have around 20 such units pan India. "I am happy to say we are going to invest over Rs 10,000 crore in setting up food processing facilities on a pan India basis," ITC CEO Sanjiv Puri said here. He was speaking at W

Torrent Pharma to buy Unichem Labs` India business for $558 million

Torrent Pharmaceuticals said on Friday it would buy more than 120 brands from Unichem Laboratories in India and Nepal, and its manufacturing plant at Sikkim.

The 36 billion rupee ($558 million) deal will be funded by internal accruals and bank borrowing, the Ahmedabad, Gujarat-based drugmaker said in a stock exchange filing.

The acquisition is on a going concern basis and is

Torrent Pharma to buy Unichem Labs` India business for $558 mln

Torrent Pharmaceuticals said on Friday it would buy more than 120 brands of Unichem Laboratories in India and Nepal and its manufacturing plant at Sikkim.

The deal, valued at 36 billion rupees ($558 million), will be funded by internal accruals and bank borrowing, the drugmaker said in a stock exchange filing .

The acquisition is expected to close by the end of 2017.

Power Finance Co Q2 net profit up 0.70% at Rs 1886.59 cr

The company reported standalone net profit of Rs 1,886.59 crore for the quarter ended September 30, 2017 as compared to Rs 1873.42 crore in the same period last year, registering a year-on-year growth of 0.70 per cent. Net revenue of the company rose by 0.59 per cent at Rs 6,897.06 crore in July-September quarter of this fiscal as against Rs 6,856.90 crore in the corresponding period last year.

Coral India Finance Q2 net profit jumps 76.92% at Rs 3.45 cr

The company reported standalone net profit of Rs 3.45 crore for the quarter ended September 30, 2017 as compared to Rs 1.95 crore in the same period last year, registering a year-on-year growth of 76.92 per cent. Net revenue of the company rose substantially by 90.20 per cent at Rs 5.63 crore in July-September quarter of this fiscal as against Rs 2.96 crore in the corresponding period last year

Royal Orchid Hotels partners with UK`s Bespoke Hotels

Royal Orchid Hotels has reached an agreement to represent Bespoke Hotels in India. With this strategic partnership, Bespoke and Royal Orchid shall work together to enhance each other’s revenues and brand presence in their respective markets. Royal Orchid now has the ability to offer its guests hundreds of hotel options across multiple global markets.

Bespoke, in turn, shall prom

Wedding bells set to ring in fresh gold demand in India

MUMBAI/BENGALURU  - Demand for physical gold was lacklustre in top consumers India and China this week, while the lure of the metal remained stable in Singapore, but India's peak wedding season is expected to usher in renewed interest for bullion in coming weeks.

Gold is considered an essential part of weddings in India, second-biggest consumer of the metal i

HCC-Al Fara`a to build nine stations for Pune Metro

 Infrastructure major Hindustan Construction Co. Ltd along with the UAE's Al Fara'a has been awarded a Rs 497.09 crore contract by the Maharashtra Metro Rail Corporation Ltd to build nine elevated stations for the Pune Metro Rail project, an official said here on Friday.

The nine stations are Pimpri-Chinchwad Municipal Corporation, Tukaram Nagar, Bhosari, Kasarwadi, Phuge

Equity indices surge to fresh highs on global cues, healthy buying

Key Indian equity indices on Friday surged to provisionally close at fresh highs on the back of broadly positive global cues and healthy buying in index heavyweights like State Bank of India, Larsen and Toubro, Tata Motors and ONGC.

The broader Nifty50 of the National Stock Exchange scaled a fresh intra-day high of 10,461.70 points and the barometer 30-scrip Sensitive Index (Sensex) o