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In a press release to NSE, Linde India Limited declared its financial results for the quarter ended 30 June 2016. This was approved by the Company's Board of Directors at its meeting held earlier today. The net revenue for the quarter, at Rs. 4,285 million, grew by 15 per cent compared to same quarter last year. The gases business grew by 16 per cent during Q1 FY16, driven by an increase in demand in the segment of steel and automot
Jaiprakash Power share price rallied 14% on Tuesday after the company agreed to sell its 500 MW thermal plant at Bina in the state of Madhya Pradesh at the base enterprise value of Rs.2700 cr. The plant accounted for 22.55%, or Rs.895 cr, of the company's total revenues in FY16. The company said thatthe step was taken to deleverage the balance sheet. Following the development, <a href="https://www.dynamiclevels.com/en/jaipra
Wipro share price edged lower today ahead of its first quarter earnings which will be announced later in the day. Market analysts polled by NDTV Profit expect Wipro report consolidated net profit of Rs 2,181 cr on sales of Rs 13,794 cr in the quarter ended June 2016. The Information Technology Company, in the corresponding quarter last year, had registered a net profit of Rs 2,235 cr on sales of Rs 13,741 cr. The dollar revenue of Wipro is likely to come in at 1,926 million dollars, up 2.4 percent from 1,
Ahmedabad-based Torrent Power announced a reduction in the Fuel and Power Purchase Price Adjustment also known as FPPPA charges for the current quarter for its power consumers in Ahmedabad, Gandhinagar as well as Surat. Torrent Power share priceopened at Rs. 168.
Tata Group-owned Tinplate Company of India (TCIL) has made it clear that they intend to focus on the domestic market. Today on the sidelines of the company's annual general meeting Tinplate Managing Director Tarun Daga said that there are long-term commitments in India which they cannot ignore, and they have decided that they will focus on the domestic market. The company remained confident that the Centre's decision to allow 100 per cent foreign direct investment in food packaging sector would enhance packagi
A slim power bank that can be slipped into the pocket or can be carried in the wallet is no more a dream. Parled owned LatestOne.com, India's No.1 Mobile, and Tech Accessories e-tailer has announced the launch of PTron Gusto, the slimmest pocket sized power bank. It has the capacity of 3000mAh. The newly launched power bank will be available exclusively on LatestOne.com. Gusto is priced at just INR 599. The device is extremely light weight about 5
Tata Power has been removed of their long-term bank facilities and non-convertible debentures by Crisil from Rating Watch' with Developing Implications'. The rating major has acknowledged the rating at Crisil AA-' with steady outlook. Crisil has also advocated its rating on the short-term bank facilities and debt programme at Crisil A1+'. The valuations were placed on watch from June 15, as soon as Tata Power reported about obtaining the renewable energy assets of Wels
SBI Share Price went up by almost 1% after the government announced Rs 22,915 crore fund infusions as part of the first tranche of bank recapitalization of 13 lenders. In fact, shares of other state-run lenders such as Punjab National Bank, Bank of India, Canara Bank, Allahabad Bank, Indian Overseas Bank, Syndicate Bank and Bank of Baroda also advanced 1-4 percent today after the announcement. SBI share price was trading at Rs. 230.10 after the a
State-owned NTPC (National Thermal Power Corporation) on Tuesday said it would strive to generate 248 billion units during the current financial year. NTPC has stated in a statement that the company has signed a Memorandum of Understanding (MoU) with Government of India for the year 2016-17. According to the signed MoU, NTPC shall make every effort to generate 248 billion units during the year under "excellent" category. Further, NTPC also stated that the company has a capital expenditure target of
Indo Count Industries announced on 7th July 2016 that its US-based unit partnered UK-based Walker Greenback PLC for three of its lifestyle brands. The announcement was made after market hours on 7 July 2016. Indo Count Industries said that Indo Count Global, Inc, US declared a new licensing partnership with Walker Greenback PLC UK for three of its lifestyle brands which are Sanderson, Harlequin and Scion. All these three brands have a