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17 October, 2018 4:36 PM Residential real estate sales at 22.2 mn sq ft this year, new launches decline: Report

commercial real estate in key metro cities witnessed an increase in absorption leading to a fall in vacancy as supply continues to play catch up Residential real estate clocked sales of 22.2 million square feet across major Indian cities this year as new launches declined to 7.9 mn sq ft, Kotak Institutional Equities said in a report titled Real Estate 29

17 October, 2018 1:12 PM Oberoi Realty Q2 PAT seen up 108.8% YoY to Rs. 218 cr: HDFC Securities

HDFC Securities has come out with its second quarter (July-September’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 218 crore up 108.8% year-on-year (down 29.6% quarter-on-quarter). Net Sales are expected to increase by 107.8 percent Y-o-Y (down 29 percent Q-o-Q) to Rs. 631 crore 32

17 October, 2018 11:06 AM Cyient posts 54% growth in Q2 net profit at Rs 127.1 crore; operating profit up 24%

Information technology firm, Cyient, reported a net profit of Rs 127.1 crore for the September quarter, up around 54 percent from the previous quarter. On a year on year basis, the profit rose 14 percent from Rs 111.4 crore that the company reported in the same quarter of last year. Its consolidated revenue rose to Rs 1,187 crore, up from Rs 1,080 crore 39

17 October, 2018 10:54 AM Havells India Q2 net profit up 4% at Rs 178.6cr; revenue rises 23%

Havells India has reported 4 percent jump in its second quarter (July-Sept) net profit at Rs 178.6 crore against Rs 171.02 crore. Revenue increased by 23.3 percent at Rs 2190.99 crore against Rs 1,777.36 crore. The operating profit or EBITDA was up 2 percent at Rs 262.5 crore versus Rs 257 crore, while EBITDA margin was at 12 percent versus 14.4 percent 36

17 October, 2018 4:20 AM Shakti Pumps rises 13% on 3-fold jump in Q2 profit

Revenue was up to Rs 138.7 crore versus Rs 67.7 crore YoY. Shares of Shakti Pumps rose 13 percent in the early trade on Wednesday on the back strong September quarter numbers. The company's Q2 (July-Sept) consolidated profit jumped 206 percent to Rs 9.27 crore versus Rs 3.02 crore in the same period last fiscal. EBITDA stands at Rs. 17.16 crore in September 32

17 October, 2018 3:45 AM Q2 preview: Mphasis likely to report 37% YoY jump in PAT

Motilal Oswal, which has a neutral rating on Mphasis, sees its revenue rising by 20.3 percent YoY to Rs 1,929 crore Mphasis is likely to report, on October 17, 37.2 percent year-on-year (YoY) rise in net profit for the September quarter to Rs 271.2 crore, according to estimates by brokerage firms. Motilal Oswal, which has a neutral rating on Mphasis 35

16 October, 2018 2:59 PM Lenovo to raise mobile production capacity in India by up to 10 fold in 2019

PC and mobile maker Lenovo plans to ramp up its smartphone production capacity up to 1 million units per month in 2019, a top official of the company said. "We make mobile phones in India at our partners factory. At present we have production capacity of 100,000 per month which we plan to increase in the range of 500,000 to 1 million units per month 37

16 October, 2018 12:40 PM Hero MotoCorp Q2 Profit Drops 3.4% To 976 Crore Rupees

Hero MotoCorp Ltd, the world's largest two-wheeler maker, posted a 3.4 percent drop in quarterly profit on Tuesday, hurt by higher expenses amid a depreciating rupee. Profit after tax fell to 9.76 billion rupees ($132.86 million) in the three months ended Sept. 30, compared with 10.10 billion rupees a year earlier. Analysts on average had expected a net profit 34

16 October, 2018 10:16 AM Government hikes GPF interest rate to 8% for Oct-Dec quarter

The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 percent for the October-December quarter. The interest rate on GPF was 7.6 percent for the July-September quarter of 2018-19. "... during the year 2018-2019, accumulations at the credit of subscribers to the General 44

16 October, 2018 5:32 AM Honor 8X to be launched in India today: Expected price, specs and more

As per reports, Honor 8X will sport a powerful dual rear camera. New Delhi: Huawei sub-brand Honor is all set to launch the Honor 8X in India on Tuesday. The phone is expected to come between Rs 20,000-Rs 23,000 price range. The phone will be an Amazon-exclusive device. As per media reports, Honor 8X will sport a powerful dual rear camera. The device 35