News Overview

A report released by the Federal Reserve Bank of Philadelphia showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of July. The Philly Fed said its current general activity index slumped to a negative 12.3 in July from a negative 3.3 in June, with a negative reading indicating a contraction in regional manufacturing activity. While a majority of firms reported no […]

Sales rise 25.16% to Rs 1829.40 crore

Sales rise 52.70% to Rs 1878.11 crore

According to a statement from the company, the top line increased by 6% to Rs795 crore in the first quarter of this fiscal year due to strong growth in retail allied and distribution income.

Suggesting U.S. economic growth is likely to slow further in the near-term, the Conference Board released a report showing its index of leading economic indicators decreased for the fourth straight month in June. Leading economic index slumped by 0.8 percent in June after falling by a revised 0.6 percent in May. With the continued decrease, the leading economic index tumbled by 1.8 percent in the […]

Company now planning to raise $200 million through private placement, and at lower valuation

Copper prices are seen holding near $3.30 levels since the beginning of the week as recession fears are capping any gains in the commodity. Copper September futures are slightly higher by 0.26% at $3.31 per pound, supported by fall in copper stockpiles. Data from the US Labor Department showed initial jobless claims crept up to 251,000 in the week ended July 16th, an increase of […]

This week, the senior management of Yes Bank and the State Bank of India (SBI), as well as representatives from the Reserve Bank of India (RBI), met with Carlyle's top brass from Hong Kong and Advent's leadership in order to finalize the details of the plan.

Gold stays near the flat line in early Asia on Friday, following a sharp rebound in the previous session. Gold futures for August is marginally higher by 0.04% at $1,714.15 an ounce, after recovering to $1719 mark from the sessions low of $1,678.40 yesterday. ECB rate announcement that weighed down dollar supported the yellow metals rebound from a near one-year low. The European Central Bank […]

Total Operating Income rise 4.71% to Rs 2202.55 crore