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Tag: Profit

Indian Railways
Railways made Rs 35,073 cr in 10 years by just selling scrap

Bhopal: The Indian Railways, which does not exactly hold the reputation for being a profit-making entity has managed to swell its coffers by Rs 35,000 crore, which is more than the annual budget of three northeastern states put together. The Railways managed to make Rs 35,073 crore in 10 years by selling off scrap, including […]

Sensex, Nifty open in green

Mumbai: Sensex on Friday opened higher in a sharp contrast to the global markets which suffered heavy losses as slowdown concerns magnified after a weak US factory data outcome. Earlier Chinese factory data along with that of India’s suggested a global growth slowdown. The latest addition to the worries was tech major Apple’s announcement of […]

Profit booking subdues indices, banking stocks down

Mumbai: Profit booking during the morning trade session subdued both key indices — Sensex and Nifty — on Tuesday. However, positive Asian markets aided the domestic indices to pare some of the losses. Buying was witnessed in IT, healthcare and TECK (technology, entertainment and media) counters while metal scrips came under selling pressure. Stocks of […]

Yes Bank Q2 net profit decline by 3.7%

Mumbai: Yes Bank on Thursday reported a decline of 3.73 per cent in its standalone net profit for the second quarter of financial year 2018-19. According to the lender, its Q2 net profit declined to Rs 964.7 crore from Rs 1,002.73 crore reported for the corresponding period of the previous financial year. “Net profit declined […]

Indian Oil's Q1 consolidated net profit up 51% to Rs 7,175 cr

Mumbai: State-run Indian Oil Corporation (IndianOil) on Saturday posted a consolidated net profit of Rs 7,175.59 crore, up 51 per cent year-on-year, for the quarter ended June 30, 2018. The consolidated net profit for the corresponding quarter of the previous fiscal stood at Rs 4,736.15 crore, the company said in a BSE filing. The country’s […]

Aamir Khan says he takes higher cut in films' profits

Mumbai: Superstar Aamir Khan says he takes a higher cut in films’ profits because he risks his time on projects. But he does so only after the cost of each film is recovered in every aspect. The actor-producer gave out the information on the inaugural day of the fifth Indian Screenwriters Conference here on Wednesday. […]

BSE Sensex
Sensex up 126 points on Asian cues

Mumbai: Markets saw a positive start today as the benchmark Sensex bounced by about 126 points, reversing its four-session losing streak, on the back of a firming trend at other Asian markets. The 30-share barometer recovered 125.65 points, or 0.36 per cent, at 34,973.95. It had lost 708.41 points in the previous four sessions largely […]

Sensex turns negative on weak Asian cues, profit-booking

Mumbai: After starting on a positive note, the benchmark BSE Sensex fell over 80 points in early trade today on weak Asian cues as tariff woes between the US and China returned, ahead of trade talks between the two countries. The 30-share index, after opening 80.89 points higher, turned negative on profit-booking at current levels […]

Samsung reports record $8.76 bn quarterly operating profit

Seoul: Despite Galaxy Note 7 fiasco and a corruption scandal involving top brass, Samsung Electronics Co on Friday predicted that its first-quarter operating profit for this year advanced 48.2 percent on-year. Apparently helped by the robust performance of its chip business, the company’s operating profit is estimated at 9.9 trillion won ($8.76 billion) in the […]

Farmers suffer as middlemen continue to make profit

Bhubaneswar: There seems to be no end to the farmers’ plight in Odisha. Despite a good harvest, the vegetable growers particularly in the outskirts of Bhubaneswar are unable to make profits even though their produce is being sold at much higher rates in the retail markets. It is the consumers who are now at the […]