India becomes second largest steel producer in the world
Uploading Date : 22-05-2017India has emerged as the second largest stainless steel producer in the world after China. India overtook Japan as the second-biggest producer in 2016, according to data released by the International Stainless Steel Forum (ISSF) at their annual conference held recently between May 14-19, 2017 at Tokyo, Japan............
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Grasim Industries registers flat profit growth in Q4
Uploading Date : 19-05-2017Grasim IndustriesBSE -0.67 % on Friday reported a flat growth of 0.79 per cent in consolidated net profit at Rs 1,063.62 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 1,055.26 crore in the corresponding quarter last year................
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Shakti Pumps soars 14% on robust Q4 profit
Uploading Date : 19-05-2017Shakti Pumps (India) soared 14% to Rs 307, also its record high on BSE, after the company reported net profit of Rs 11 crore in March 2017 (Q4FY17) quarter, on the back of strong operational income. The company engaged in pumps & motors business had reported profit of Rs 22 lakh in the same quarter of last fiscal year................
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Nifty cracks 1% to settle below 9,450, Sensex falls 200 pts on Trump row
Uploading Date : 18-05-2017Benchmark indices settled the day lower after closing at fresh high in the precious session amid selloff as political turmoil in White House spooked investors, dragged the global markets. The sentiment was also affected by a drop in rupee. It was trading at 6-week low of Rs 64.89/$...........
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Caplin Point Labs zooms over 40% in six days on strong Q4 results
Uploading Date : 18-05-2017Caplin Point Laboratories hit new high of Rs 574, up 7% on BSE in otherwise weak market, extending its past one week rally, after the company reported more than doubled consolidated net profit of Rs 33 crore in March quarter (Q4FY17), on the back of strong revenue growth. The pharmaceutical company had reported profit of Rs 16 crore in the same quarter a year ago..............
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Sobha hits 52-week high on strong Q4 results
Uploading Date : 17-05-2017Total income during the reporting quarter increased 6% to Rs 601 crore from Rs 566 crore in the corresponding period of the previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) margin declined marginally to 22% from 22.7% in previous year quarter........
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JSW Steel Q4 net triples to Rs 1,009 cr on higher prices
Uploading Date : 17-05-2017JSW Steel Ltd fourth-quarter profit more than tripled, helped by higher steel prices and volumes and government support for local mills. The company, which has the highest local steel manufacturing capacity, reported a consolidated total profit of Rs 1,009 crore for the three months ended March 2017 as against Rs 301 crore a year ago..........
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India Ratings retains negative outlook for steel sector in FY18
Uploading Date : 15-05-2017The outlook for steel sector is likely to remain negative in next fiscal due to continued operational and financial challenges and lower demand from the realty sector, says a report........
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