Hindalco posts strong results on healthy realizations Hindalco posts strong results on healthy realizations Rohan Takalkar / Friday, February 2, 2018 0 2050 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. Read more
Q3FY18: Sadbhav Infra narrows losses Q3FY18: Sadbhav Infra narrows losses Amir Shaikh / Friday, February 2, 2018 0 1078 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. Read more
Infrastructure funds set to shine with higher budgetary allocation Infrastructure funds set to shine with higher budgetary allocation Nikhil Desai / Friday, February 2, 2018 0 1805 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. Read more
Whirlpool posts muted performance in Q3FY18 Whirlpool posts muted performance in Q3FY18 Nidhi Jani / Friday, February 2, 2018 0 2069 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. Read more
Blood bath in the markets, Sensex sheds 770 points Blood bath in the markets, Sensex sheds 770 points Bhagyashree Vivarekar / Friday, February 2, 2018 0 3561 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. Read more