Cochin Shipyard signs vessel development pact with Russian firm Cochin Shipyard signs vessel development pact with Russian firm Gayathri Udyawar / Friday, February 2, 2018 / Article rating: 5.0 State-owned listed entity, Cochin Shipyard Limited (CSL) has signed a MoU with United Shipbuilding Corporation (USC) to design and develop state-of-art vessel that can be run in Inland and Coastal waterways.
Hindalco posts strong results on healthy realizations Hindalco posts strong results on healthy realizations Rohan Takalkar / Friday, February 2, 2018 / Article rating: No rating Hindalco reported healthy quarterly numbers with robust revenue due to strong traction in metal prices. Further, its US subsidiary also recorded 92 per cent jump in net profit for the quarter.
Q3FY18: Sadbhav Infra narrows losses Q3FY18: Sadbhav Infra narrows losses Amir Shaikh / Friday, February 2, 2018 / Article rating: 5.0 The company’s net loss for the period narrowed to Rs. 41.1 crore in the quarter from Rs. 69.6 crore in corresponding quarter of last year.
Infrastructure funds set to shine with higher budgetary allocation Infrastructure funds set to shine with higher budgetary allocation Nikhil Desai / Friday, February 2, 2018 / Article rating: 5.0 In Budget 2018 infrastructure sector received a budgetary allocation of Rs 5.97 lakh crore for FY18-19. This represents an increase of 21 per cent as against revised estimates of last year. The government of India sees infrastructure investment need of Rs. 50 lakh crore to increase growth rate of GDP.
Whirlpool posts muted performance in Q3FY18 Whirlpool posts muted performance in Q3FY18 Nidhi Jani / Friday, February 2, 2018 / Article rating: 5.0 EBITDA for the quarter rose by 5.7 per cent yoy to Rs. 89.14 crore with a corresponding margin contraction of 5 bps. EBITDA margin for the quarter stood at 9.3 per cent. The PAT for the quarter came in at Rs. 53.14 crore, yoy decline of 4.1 per cent. This was led by jump in effective tax rate from 32 per cent to 36 per cent.
Blood bath in the markets, Sensex sheds 770 points Blood bath in the markets, Sensex sheds 770 points Bhagyashree Vivarekar / Friday, February 2, 2018 / Article rating: 5.0 Indian benchmark indices witness a free fall, both Nifty and Sensex shed 240 and 770 points, respectively. After hitting all-time high on January 29, benchmark indices tumbled nearly 3.5 per cent in just four trading sessions.
BSE reports 11 per cent increase in Q3 net profit BSE reports 11 per cent increase in Q3 net profit Tanay Loya / Friday, February 2, 2018 / Article rating: 3.5 BSE Limited, Asia’s oldest stock exchange, announced its unaudited consolidated financial results for Q3FY18 on Friday.
Budget 2018: LTCG Tax explained Budget 2018: LTCG Tax explained Raghav Bisani / Friday, February 2, 2018 / Article rating: 4.0 Long-term gain before January 31, shall not be taxable and capital loss shall be allowed to be set off (case when actual cost is higher than January 31).
Capital Trust reports healthy results Capital Trust reports healthy results Rohan Takalkar / Friday, February 2, 2018 / Article rating: 3.0 Capital Trust reported healthy quarterly numbers in Q3FY18. The AUM and margins also showed stellar performance in the quarter. The NII for the quarter rose by 42.4 per cent yoy and 56.2 per cent qoq.
Godrej Properties posts weak bottom-line numbers Godrej Properties posts weak bottom-line numbers Amir Shaikh / Friday, February 2, 2018 / Article rating: 3.0 The PAT for the quarter came in at Rs. 25.94 crore, yoy decline of 66.4 per cent. This was also due to rise in effective tax rate to ~45 per cent from 34.4 per cent in Q3FY17.