UBI posts Rs 344.83 crore net loss in Q2

GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

BASF India today reported a turnaround with net profit of Rs 172.91 crore in the September quarter due to new product launches in agricultural solutions business and volume growth in other segments.

The lender had posted a net loss of Rs 211.46 crore for the first quarter of the current fiscal.

Gross non-performing assets (NPAs) in absolute terms rose 15.8 per cent year-on-year at Rs 12,892.67 crore during the period under review. During the quarter ended September, 2017, the bank had made a provision of Rs 162.94 crore under Insolvency and Bankruptcy Code (IBC).

The construction firm recently got an order from the government to redevelop 10 railway stations with airport-like amenities at a cost of Rs 5,000 crore. "Remaining Rs 325.89 crore will be provided in next two quarters as permitted under RBI directions", the bank said.

Revenue of the company was down 33 percent at Rs 1,300 crore versus Rs 1,947.9 crore.

Total income fell to Rs 1,363.41 crore in the second quarter of this fiscal from Rs 1,572.63 crore in the corresponding period of the previous year.

Shares of the company settled 0.26 per cent up at Rs 456.45.

Related News:

  • A new Smash Bros. game has apparently been trademarked by Nintendo

    A new Smash Bros. game has apparently been trademarked by Nintendo

    Amiibo figures that can be used for this objective include ones that feature "Super Mario" and " Splatoon " characters. The Nintendo Switch has now been out for eight months, but there have still been no signs of the fighting game.
    IEA cuts oil demand forecast

    IEA cuts oil demand forecast

    But the oil market isn't tightening as quickly as once anticipated, the IEA said in its monthly oil-market report . It expects the U.S. to account for 80% of the increase in global oil supply to 2025, driven by increases in shale.
    Most Active Stock: Marvell Technology Group Ltd. (MRVL)

    Most Active Stock: Marvell Technology Group Ltd. (MRVL)

    The semiconductor company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm has a market capitalization of $9,980.45, a price-to-earnings ratio of 25.81, a PEG ratio of 1.38 and a beta of 1.05.
  • Buffon retires from Italy duty after World Cup failure

    Buffon retires from Italy duty after World Cup failure

    For the first time in 60 years Italy will not be taking part in the 2018 World Cup football finals in Russian Federation . Speaking after the game, Barzagli, 36, said it was painful, adding: "I don't know what we missed.
    Bharti Infratel shares fall on block deals, Airtel up 1%

    Bharti Infratel shares fall on block deals, Airtel up 1%

    Bharti Infratel settled 4.16 per cent down at Rs 394, whereas Bharti Airtel closed at Rs 497.70, down 0.07 per cent on Tuesday. Morgan, UBS and Goldman Sachs were joint placement agents for the transaction.
    Senate approves Buhari's $5.5 billion external borrowing

    Senate approves Buhari's $5.5 billion external borrowing

    With the $3bn to be used for refinancing domestic debts, local lenders owed by the federal government may now expect to be paid. Nigeria's Senate on Tuesday approved a request by President Muhammadu Buhari to seek $5.5 billion in foreign loans.
  • Wells Fargo & Company (WFC) Holdings Boosted by 440 Investment Group LLC

    Wells Fargo & Company (WFC) Holdings Boosted by 440 Investment Group LLC

    With 2.59M avg volume, 2 days are for E*trade Financial Corporation (NASDAQ:ETFC)'s short sellers to cover ETFC's short positions. Zacks Investment Research upgraded Wells Fargo & from a "sell" rating to a "hold" rating in a report on Thursday, October 12th.
    Ndume will resume tomorrow - Senate

    Ndume will resume tomorrow - Senate

    A Federal High Court last week , ordered Ndume's immediate reinstatement and payment of all his entitlements for the period of the suspension.
    JM Smucker Company (The) (SJM) Scheduled to Post Quarterly Earnings on Thursday

    JM Smucker Company (The) (SJM) Scheduled to Post Quarterly Earnings on Thursday

    If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & global copyright law. It fall, as 85 investors sold GE shares while 816 reduced holdings. 37 funds opened positions while 53 raised stakes.
  • Biggest Unsolved Mysteries In The Star Wars Universe

    Biggest Unsolved Mysteries In The Star Wars Universe

    According to the " Star Wars " website , Lucasfilm and Disney are "immensely proud" of his work on the series' latest installment. However, for The Last Jedi , Ridley's second go 'round in that galaxy far, far away, she seems she's feeling more at ease.
    Black Friday 2017 Argos UK deals REVEALED

    Black Friday 2017 Argos UK deals REVEALED

    The shopping bonanza will last all weekend, and is followed by Black Friday's online equivalent Cyber Monday on November 27 . While many consumers will take advantage of deals over Thanksgiving weekend, 31% will refrain from shopping that weekend.
    Drinking coffee may decrease risk of heart failure, stroke

    Drinking coffee may decrease risk of heart failure, stroke

    Heart failure is a potentially fatal condition that occurs when the heart is too week to pump blood efficiently around the body. Further investigation to better determine how red meat consumption affects risk for heart failure and stroke is ongoing.


Most liked

Switzerland, Croatia seal World Cup spots
The referee adjudged Corry Evans had handled Xherdan Shaqiri's shot though replays showed it hit the back of his shoulder. David added: "As a manager, he's unbelievable, we all love him and every single player plays for him".

Advance Auto Parts Inc (AAP) to Issue $0.06 Quarterly Dividend
The company reported $1.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.18. Year-to-date, AAP has declined -51.27%, versus a 17.22% rise in the benchmark S&P 500 index during the same period.

Volunteers needed to make special hats for newborn babies
Organizers are asking for red cotton or acrylic yarn that is medium to heavy-weight and machine washable/dryable. It gives thousands of hats to newborn babies during February, American Heart Month.

Whitefish Energy Holdings continues to create controversy
Energy officials told the Times that, even accounting for the emergency work, billing Prepa over $300 per lineman didn't add up. The Army Corps of Engineers reportedly avoided hiring Whitefish because it charged twice as much as it should have.

Federal Bureau of Investigation data shows hate crimes appeared to drop in Wisconsin
The number of hate crimes targeting lesbian, gay, bisexual and transgender people also went up past year . More than half the 4,200 racially motivated crimes were against black people.

Jordin Sparks secretly married and she's now expecting her first child
They ended up meeting in person for the first time in April over Easter weekend, and got married three months later. The holiday season is starting off with a bang for actress and singer Jordin Sparks .

TJX Companies Shares Slide as Retailer Misses Sales Estimate
Salient Trust Company Lta decreased Vanguard Index Fds (VO) stake by 34,000 shares to 2,336 valued at $333,000 in 2017Q2. Shares for $89,110 were sold by Sherr Richard . $83.46's average target is 17.95% above currents $70.76 stock price.

Top Story: Trump's HHS Pick Alex Azar Fits Right In
Trump wrote on Twitter. "If he wants to take meaningful action to lower drug prices, we want to help him". Ben Wakana, executive director of advocacy group Patients For Affordable Drugs, told NPR Mr.

Italian GDP rises by 0.5% as expected - Euro looks strong
Meanwhile, in terms of quarter-on-quarter rate of change GDP expanded at a 0.6% clip, as expected by economists. Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.2% in the previous quarter).

Chipotle Mexican Grill (CMG) Shares Hovering Above Chikou
Also, it has an estimated price-earnings (P/E) multiple of 29.43 and a trailing 12-month price-earnings (P/E) multiple of 53.83. See Chipotle Mexican Grill, Inc . (NYSE:CMG) opened at $282.70 on Tuesday. 686 were accumulated by Puplava Svcs. (NYSE:CMG).

Kim Kardashian Exposes Savage Tweet From Kanye West Aimed At Jimmy Kimmel
" Chris joined in the sketch by reading out a tweet from a troll who wrote, "'@jimmykimmel is a comedy god. Clearly, all three of these " white guys with beards " had a great old laugh in this segment of the show.

YouTube deletes thousands of videos from extremist cleric Anwar al-Awlaki
All three companies announced their own set of measures to address the issue and vowed to be more transparent about its policies. Google revealed that Russian actors spent tens of thousands of dollars on propaganda ads on Google search , YouTube and Gmail.

Bagley already making history at Duke
All seven events have featured the same four teams rotating against one another: Michigan State , Duke , Kansas and Kentucky. That being said, Michigan State had a similar dominating start to the season with a 32-point victory over North Florida.

Analyst Research and Recommendations: Abbott Laboratories (ABT), CytomX Therapeutics, Inc. (CTMX)
Stifel Nicolaus raised the price target on October 19 changing the forecast from $58.00 to $63.00 with a "Buy" recommendation. The value of the investment in (ABT) increased from $138,176,000 to $139,414,000 a change of 0.9% for the reporting period.

More bidding on Buffalo Wild Wings?
Longbow Research upgraded Buffalo Wild Wings from an underperform rating to a neutral rating in a report on Thursday, July 6th. Credit Agricole S A purchased a new stake in Buffalo Wild Wings during the 1st quarter valued at approximately $424,000.