Kwality Q1 net profit slumps to Rs 1 crore

New Delhi, Sep 14: Kwality Ltd said Friday its net profit saw steep fall to Rs 1.04 crore during the first quarter of the 2018-19 financial year, on poor sales. Net profit during April-June, 2017-18 stood at Rs 27.87 crore, the company said in a regulatory filing. Net income declined to Rs 1,265.78 crore from […]

WPI inflation drops to 4-month low of 4.53% in August

WPI inflation drops to 4-month low of 4.53% in August

New Delhi, Sep 14: Inflation based on wholesale prices eased to a four-month low of 4.53 per cent in August on softening of prices of food articles, especially vegetables. The Wholesale Price Index (WPI) based inflation stood at 5.09 per cent in July and 3.24 per cent in August last year. According to the government […]

AIF investments swell by 90% to Rs 75000 cr till June quarter

New Delhi, Sep 14: The capital put in by alternative investment funds (AIFs) has risen to nearly Rs 75,000 crore at the end of April-June quarter of the current fiscal, a surge of 90 per cent from the year-ago period. AIFs are a class of pooled-in vehicles for investing in real estate, private equity and […]

Cooling consumer inflation, steady IIP bring relief to government

New Delhi, Sep 13: Retail inflation cooled to a 10-month low in August on the back of easing food prices, while industrial output growth held above the 6 per cent mark in July, bringing some relief for policymakers battling turbulence in the currency and stock markets. Central Statistics Office (CSO) data showed inflation, as measured […]

OPEC sees slower 2019 oil demand growth, warns on economy

OPEC sees slower 2019 oil demand growth, warns on economy

New Delhi, Sep 13: OPEC further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year. In a monthly report, the Organization of the Petroleum Exporting Countries said world […]

Investor wealth zooms Rs 12 lakh crore so far in FY19

New Delhi, Sep 13: Investor wealth surged over Rs 12 lakh crore so far during 2018-19 fiscal driven by robust stock market sentiment during which the BSE benchmark index soared more than 14 per cent. Since March 28 this year (stock markets were closed on March 29 and 30th for a local holiday), the 30-share […]

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