Economy 16
Pfizer Q3 net profit climbs 5%, operational revenue up at Rs 514 cr
14 Feb 09:40 • 2 articles
Pfizer Q3 net profit climbs 5%, operational revenue up at Rs 514 cr
The company had posted a net profit of Rs 131.94 crore for the corresponding period of the previous fiscal, Pfizer Ltd said in a filing to BSE.
14 Feb 09:40 • Business-Standard • 1502508926395527929.htmlPfizer Q3 net profit up 5 per cent to ₹139 cr
Drug firm Pfizer Ltd on Friday reported a 5.39 per cent rise in net profit to ₹139.06 crore for the quarter ended December 31, 2019. The company had posted a net profit of ₹131.94 crore for the corres
14 Feb 11:26 • BusinessLine • 5283600278894631.htmlAsian shares aim for second week of gains amid virus scare
14 Feb 09:17 • 2 articles
Asian shares aim for second week of gains amid virus scare
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices ...
14 Feb 09:17 • CNA • 5644198863021070141.htmlShares step back as hopes of early end to coronavirus fade
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices ...
14 Feb 09:17 • CNA • 5644198863917061086.htmlAfter SC rap, DoT withdraws order seeking no coercive action against defaulting telcos
14 Feb 16:04 • 2 articles
After SC rap, DoT withdraws order seeking no coercive action against defaulting telcos
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them.
14 Feb 16:04 • The New Indian Express • 4718288654108444546.htmlDo you want us to wind up SC?: Top court fumes at govt, telcos over non-payment of AGR dues
'We don't know who is creating this nonsense. Is there no law left in the country? It is better not to live in this country and rather leave the country,' the bench observed.
14 Feb 12:22 • The New Indian Express • 4718288653702687421.htmlEuropean shares hit record even as coronavirus shows no signs of peaking
14 Feb 09:17 • 2 articles
European shares hit record even as coronavirus shows no signs of peaking
Stock markets across the world ticked higher on Friday, even as investors debated whether China's coronavirus outbreak would cause long-lasting ...
14 Feb 09:17 • CNA • 5644198863800031519.htmlPremarket: European shares scale record even as coronavirus shows no signs of peaking
Hopes of government stimulus support shares globally
14 Feb 10:03 • The Globe and Mail • 68426409901675662.htmlUS core retail sales unchanged in January
14 Feb 15:09 • 2 articles
US core retail sales unchanged in January
WASHINGTON, Feb 14 — US consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said today retail sales...
14 Feb 15:09 • Malaymail • 302165936156033187.htmlU.S. January core retail sales unchanged; December revised down
Sales at clothing stores declined by the most since 2009
14 Feb 13:51 • The Globe and Mail • 68426411435508592.htmlAfter Supreme Court rap, DoT orders telcos to clear dues immediately
14 Feb 12:32 • 6 articles
After Supreme Court rap, DoT orders telcos to clear dues immediately
The order by the DoT has asked telcos to clear dues by 11.59 pm Friday.
14 Feb 12:32 • The Economic Times • 7653256038501752631.htmlAfter SC's warning, govt orders telcos to clear dues by 11.59 pm tonight
After Supreme Court threatened contempt proceedings against top executives of of Bharti Airtel, Vodafone Idea and other telecom firms, the telecom department on Friday began issuing orders, asking firms to clear past dues immediately. The government has also asked telecom companies to pay their dues by 11.59 pm tonight
14 Feb 17:19 • Oneindia • 2023829371616727878.htmlAGR row: After SC rap, telecom dept orders operators to clear dues before midnight
Department of Telecommunications has started issuing circle or zone-wise demand notices to telecom firms, asking them to clear pending licence fees and spectrum usage charges before 11:59 pm on February 14
14 Feb 14:09 • Business Today • 1145527430696587462.htmlAfter SC rap, DoT orders telcos to clear dues by 11.59 pm today
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms.
14 Feb 14:48 • India Today • 4286117812700972090.htmlAGR order: After SC rap, DoT asks telcos to clear dues by midnight
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
14 Feb 12:18 • Business-Standard • 1502508924618220345.htmlDoT asks telecommunication companies to clear dues before midnight
15 entities owe the Government Rs 1.47 lakh crore
14 Feb 12:29 • BusinessLine • 5283600189925859.htmlExports contract for sixth straight month, trade deficit shoots up
14 Feb 16:20 • 3 articles
Exports contract for sixth straight month, trade deficit shoots up
While imports contracted by 0.7 per cent, the rate of fall was significantly lower than the 8.9 per cent contraction in inbound trade seen in December
14 Feb 16:20 • Business-Standard • 1502508924604959971.htmlExports contract for 6th straight month, drop 1.66 per cent in January; trade deficit widens
Shipments of petroleum products, plastic, carpet, gems and jewellery, and leather products contracted by 7.42 per cent, 10.62 per cent, 5.19 per cent, 6.89 per cent, and 7.57 4 per cent, respectively, in January. Imports also fell for the eighth consecutive months, down 0.75 per cent to USD 41.14 billion in January, widening the trade deficit to a seven-month high of USD 15.17 billion, according to the government data released on Friday.
14 Feb 13:14 • The Economic Times • 7653256036693360607.htmlExports decline by 1.66% year-on-year to $25.97 billion in January
Imports too declined by 0.75 per cent USD 41.14 billion, leaving a trade deficit of USD 15.17 billion during the month under review
14 Feb 13:02 • Business-Standard • 1502508925334738578.htmlBharti to make ₹10,000 cr. part payment in AGR dues by Feb. 20
14 Feb 16:56 • 2 articles
Bharti to make ₹10,000 cr. part payment in AGR dues by Feb. 20
Promises to clear remaining dues ‘well before’ March 17, the date of next hearing
14 Feb 16:56 • The Hindu • 6679535025247123865.htmlAGR dues: Bharti Group to deposit ₹10,000 crore with DoT by February 20
Will pay balance dues by next date of hearing, says telecom major
14 Feb 14:53 • BusinessLine • 5283601183331526.htmlRisk of duopoly in telecom sector higher than before: Analyst
14 Feb 09:45 • 2 articles
Risk of duopoly in telecom sector higher than before: Analyst
The room for manoeuvre is now very less for operators. The situation is particularly grave for Voda Idea.
14 Feb 09:45 • The Economic Times • 7653256036998966742.htmlAGR dues: Risk of duopoly in telecom higher than before, says analyst
Most of the remaining liability is with state-owned BSNL/MTNL and some of the shut/bankrupt telecom companies
14 Feb 09:34 • Business-Standard • 1502508925237233264.htmlGovt expects to complete Air India sale in first half of FY21: DIPAM secy
14 Feb 11:58 • 2 articles
Govt expects to complete Air India sale in first half of FY21: DIPAM secy
The deadline for submitting the EoI is March 17
14 Feb 11:58 • Business-Standard • 1502508925531460592.htmlAir India sale expected in first half of next fiscal: DIPAM Secretary
The deadline for submitting the EoI is March 17
14 Feb 12:20 • BusinessLine • 5283601354031865.htmlAGR-hit Vodafone Idea postpones Q3 analyst call
14 Feb 12:05 • 2 articles
AGR-hit Vodafone Idea postpones Q3 analyst call
The filing, in late evening on Thursday, said the new date of the call will be intimated separately but did not give any reason for the postponement.
14 Feb 12:05 • The Indian Express • 2885715105698722852.htmlAGR-hit Vodafone Idea postpones Q3 conference call with analysts
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
14 Feb 09:54 • Business-Standard • 1502508924940815175.htmlONGC Q3 net halves on fall in oil, gas prices, output
14 Feb 14:16 • 2 articles
ONGC Q3 net halves on fall in oil, gas prices, output
State-owned Oil and Natural Gas Corp (ONGC) on Friday reported halving of its December quarter net profit after it faced the double whammy of falling oil and gas prices and a drop in production. Standalone net profit in October-December at Rs 4,152
14 Feb 14:16 • Business-Standard • 1502508925115469442.htmlONGC's Dec-quarter PBT halves to Rs 5,998 cr on fall in oil, gas prices
Standalone net profit in the period at Rs 4,152 crore was 49.8 per cent lower than Rs 8,263 crore net profit in the same period of the previous fiscal year
14 Feb 15:48 • Business-Standard • 1502508925700425584.htmlSpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%
14 Feb 09:38 • 2 articles
SpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%
"This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," SpiceJet said in a release.
14 Feb 09:38 • Business-Standard • 1502508926113621907.htmlSpiceJet shares climb nearly 6% after Q3 results
In the 2018 December quarter, the carrier recorded a profit of Rs 55 crore.
14 Feb 11:42 • The Economic Times • 7653256037928959994.htmlTelecom firms told to pay Rs 1.47 lakh crore dues by midnight, hours after SC pulls up government
14 Feb 15:01 • 2 articles
Telecom firms told to pay Rs 1.47 lakh crore dues by midnight, hours after SC pulls up government
Airtel has informed the telecom department it will deposit Rs 10,000 crore by February 20, and the remaining amount ‘well before’ March 17, said media reports.
14 Feb 15:01 • Scroll.in • 8669301692351616912.htmlVodafone faces potential collapse after SC orders telecom firms to pay Rs 1.47 lakh crore in a month
Shares of Vodafone Idea tanked on Friday following the Supreme Court verdict. It plunged 16.67% to Rs 3.75 around 2.30 pm.
14 Feb 09:35 • Scroll.in • 8669301693079347090.htmlRoyal Bank of Scotland to be renamed after 293 years
14 Feb 12:22 • 5 articles
Royal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
14 Feb 12:22 • Express & Star • 7324224459688954901.htmlRoyal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
14 Feb 12:18 • Shropshire Star • 3480199992142777365.htmlRoyal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
14 Feb 12:19 • Jersey Evening Post • 6141642774224358421.htmlRoyal Bank of Scotland Group changing name to NatWest Group plc as most customers are in England
THE Royal Bank of Scotland Group announced it was renaming itself NatWest – as most customers are south of the border. The rebranding of the Edinburgh-based plc after 51 years is the first ma…
14 Feb 09:45 • The Scottish Sun • 6609127674106480458.htmlRoyal Bank of Scotland is changing its name to NatWest
The bank's chief executive announced the decision to rebrand while reporting a surge in profits.
14 Feb 08:12 • Metro • 970161747594086961.htmlCBDT backs PM Modi's claim; says only 2,200 professionals declared income above Rs 1 crore in FY19
14 Feb 09:38 • 2 articles
CBDT backs PM Modi's claim; says only 2,200 professionals declared income above Rs 1 crore in FY19
PM Modi drew flak for his comments recently only 2,200 professionals declared income above Rs 1 crore per annum but CBDT has clarified that it's true
14 Feb 09:38 • Business Today • 1145527430903143641.htmlOnly 2,200 professionals in India disclosed annual income above ₹1 crore
I-T Dept shares data on income tax returns for 2018-19 via tweets
14 Feb 12:17 • BusinessLine • 5283601135451994.html