Business News

Ending wildlife trade will protect the environment; reduce risk of future pandemics like COVID-19

Ending wildlife trade will protect the environment; reduce risk of future pandemics like COVID-19

New Delhi [India] June 5 (ANI/NewsVoir): The death of a pregnant elephant in Kerala has sent a wave of shock and grief across the country. It is a sombre reminder that humans are capable of horrific acts of cruelty and violence towards animals.This World Environment Day, the time has come for all of...

Readmore

Cosmo Films reports 85 pc jump in FY20 profit at Rs 113 crore

Cosmo Films reports 85 pc jump in FY20 profit at Rs 113 crore

New Delhi [India], June 5 (ANI): Cosmo Films Ltd, a leading manufacturer of films for packaging, labelling and lamination applications, on Friday reported a consolidated profit after tax of Rs 113 crore in the financial year 2019-20, up 85 per cent from Rs 61 crore in FY19.Net revenue has also incre...

Readmore

VMware to acquire network security company Lastline

VMware to acquire network security company Lastline

San Francisco, June 5 (IANS) Global enterprise software major VMware has entered into a definitive agreement to acquire US-based network security company Lastline.The transaction is expected to close by July 31, but the two companies did not disclose the deal amount."By joining forces with VMware, w...

Readmore

DLF shares drop after Q4 loss of Rs 1,860 crore

DLF shares drop after Q4 loss of Rs 1,860 crore

Mumbai (Maharashtra) [India], June 5 (ANI): Shares of DLF Ltd dropped by 1.9 per cent on Friday morning after the country's biggest listed real estate developer reported a net loss of Rs 1,860 crore during the fourth quarter ended March.It had posted a net profit of Rs 435 crore in Q4 FY19. Consolid...

Readmore

RIL shares hit record high post another investment in Jio

RIL shares hit record high post another investment in Jio

Mumbai, June 5 (IANS) Shares of Reliance Industries (RIL) Friday hit a record high of Rs 1,617.70 per share after the company announced to get another major investment in Jio Platforms.RIL's market capitalisation is currently around Rs 10.09 lakh crore.Its share price, however, has declined from the...

Readmore

Equity indices trim gains, Sensex up 80 points

Equity indices trim gains, Sensex up 80 points

Mumbai, June 5 (IANS) The Indian stock market pared most of its initial gains on Friday with the BSE Sensex trading around 80 points higher.During the initial trade the Sensex rose 376 points to touch an intra-day high of 34,357.30 points.The stock markets trimmed major gains tracking a mixed trend ...

Readmore

Institutional constraints are credit negative for many Indian issuers: Moody's

Institutional constraints are credit negative for many Indian issuers: Moody's

Singapore, June 5 (ANI): Moody's Investors Service has said India's policymaking institutions will encounter challenges in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth.Other challenges will include significant further deterior...

Readmore

Railway to redevelop Puducherry station

Railway to redevelop Puducherry station

Chennai, June 5 (IANS) The Rail Land Development Authority (RLDA) part of the Indian Railways has decided to cash on 3.8 acres of land near Puducherry Railway Station as part of the redevelopment of the station.According to the RLDA, the Puducherry station will be redeveloped with state-of-the-art a...

Readmore

NIIT Limited declares consolidated results for financial year 2019-20

NIIT Limited declares consolidated results for financial year 2019-20

New Delhi [India] June 5 (ANI/BusinessWire India): NIIT Limited, a global leader in skills and talent development, today reported its results for FY20 and fourth quarter ending March 31, 2020.For the full year, the company's net revenue stood at Rs 889.2 Cr, up 3 per cent YoY, EBITDA margin was reco...

Readmore

Equity indices on upswing, Reliance hits new high

Equity indices on upswing, Reliance hits new high

Mumbai (Maharashtra) [India], June 5 (ANI): Equity benchmark indices edged higher during early hours on Friday due to gains in index heavyweight Reliance Industries and metal stocks.At 10:15 am, the BSE S&P Sensex was up by 117 points or 0.34 per cent at 34,098 while the Nifty 50 edged higher by...

Readmore