Business, Companies, 11th May 2018, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 01:01 AM IST

Business Companies 11 May 2018

Business, Companies, 11 May 2018

Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewellery firm Gitanjali Gems through open market transactions, according to a regulatory filing.

Morgan Stanley sells nearly 38 lakh shares of Gitanjali Gems

The share price of Gitanjali Gems on Friday closed at Rs 3.84.

11 May 2018 6:35 PM

Nestle India shares jump nearly 6 pc as Q1 profit jumps

Shares of Nestle India on Friday rose nearly 6 per cent after the FMCG major reported 35.98 per cent jump in profit.

11 May 2018 6:14 PM

Aditya Birla Fashion and Retail (ABFRL), formerly known as Pantaloons Fashion, on Friday reported an over five-fold increase in standalone net profit at Rs 113.12 crore for the March quarter. (Photo: PTI)

Aditya Birla Fashion and Retail Q4 profit rises to Rs 113.12 cr

The company had posted a net profit of Rs 21.83 crore in the January-March quarter of the last fiscal.

11 May 2018 5:06 PM

Havells India on Friday reported a standalone net profit of Rs 225.76 crore and total income of Rs 2,560.64 crore for the quarter ended March 31, 2018.

Havells clocks Q4 net profit of Rs 226 crore

The company had reported a net profit of Rs 94.70 crore and total income of Rs 1,873.44 crore in the January-March period a year ago.

11 May 2018 4:43 PM

Munjals-Burmans bid opted due to certainty, liquidity issues: Fortis

Majority of Fortis Healthcare's board opted for the Munjals-Burmans offer keeping in mind the certainty and liquidity issues.

11 May 2018 4:34 PM

A record 95.4 per cent load factor boosted Spicejet's profit by 11 per cent at Rs 46.1 crore for the three months to March.

Record load factor helps Spicejet log in 11 pc rise in net profit

For the full year to March, the airline reported a 32 per cent jump in profit at Rs 566.7 crore.

11 May 2018 3:18 PM

The world's largest steelmaker ArcelorMittal on Friday reported a 19 per cent jump in its net income to USD 1.19 billion for the quarter ended March 31, 2018.

ArcelorMittal Q1 net profit up 19 per cent at USD 1.2 billion

The firm, led by billionaire Lakshmi N Mittal, also saw its net debt decrease to USD 11.1 billion.

11 May 2018 2:31 PM

Japan's SoftBank Group Corp has not yet decided to sell its 20-22 per cent stake in Flipkart to US retailer Walmart Inc.

SoftBank undecided on exiting Flipkart

SoftBank's Masayoshi Son will take a call in the next 7-10 days on whether to exit India's biggest online retailer or say invested.

11 May 2018 12:13 PM

Shares of Indian telecom services providers fell sharply on Friday. (Photo: AFP)

Telecom stocks fall after Reliance Jio unveils new post-paid plan

Airtel and Idea are expected to launch new plans in response to Jio’s offer.

11 May 2018 11:54 AM

ndia has the highest number of millennial population, and given the increasing access to smartphones and internet, consumer behaviour is fast changing.

India likely to opt for premium goods

People in India are increasingly looking to switch to better products such as inverter air conditioners (AC).

11 May 2018 6:27 AM

Flipkart Executive Chairman Sachin Bansal

Sachin Bansal bids farewell; to focus on games, coding

In a Facebook post, Sachin said his work at Flipkart “is done” and “it's time to hand over the baton and move on.”

11 May 2018 6:18 AM

“It is pretty clear that this (deal) is good for customers and would create jobs and help society,” he said at a select media roundtable.

Walmart hopeful about CCI’s nod

Local sourcing to help economy: CEO.

11 May 2018 6:00 AM

1 of 1

Columns

Dilip Cherian