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techkenyot.com November 24, 2017


GAIL reports 42% YoY rise in Q2 profit; beats Street estimates

14 November 2017, 07:41 | Elsie Buchanan

United Bank sinks into red with Rs. 344 cr. loss

GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

The bank's net non-performing assets (NNPA) increased to Rs. 7,279.6 crore in this period against Rs. 7,185.2 crore NNPA in the second quarter of fiscal 2017, the bank said in a statement.

State-owned construction company National Buildings Construction Corp (NBCC) on Tuesday reported a 31% year-on-year rise in consolidated net profit to Rs 81.23 crore in the July to September period.

GAIL, which owns the biggest natural gas pipeline network in the country, earned Rs 853.48 crore pre-tax profit from gas transmission business in the quarter as compared to Rs 660.74 crore previous year.

Signet Jewelers Limited (SIG) Price Target Raised to $72.00 at Buckingham Research
It has underperformed by 62.73% the S&P500.The move comes after 6 months positive chart setup for the $4.27 billion company. The Firm operates through five divisions: United Kingdom and Europe, North America, Middle East, Asia Pacific and Energy.

Total expenses of the company declined to Rs 10,775.22 crore in Q2FY18 over Rs 10,999.88 crore in Q2FY17.

"In compliance with RBI".

ET Now poll had predicted net profit of Rs 1,220 in Q2FY18.

Teen Killed in Police-Involved Shooting in Fall River, Massachusetts
The DA said in a statement yesterday police were called to the scene for "possible gunshots" and came upon cars leaving the area. Fall River police responded to a city industrial park for reports of "loud bangs and smoking cars" at about 11:37 p.m.

The bank's asset quality deteriorated further in the September quarter of the current fiscal. Income from other sources were up 11.20 per cent to Rs 1,737 crore.

The company had posted a net profit of Rs 34.59 crore in July-September quarter a year ago, Bata said in a BSE filing.

The deposits stood at Rs 5.83 lakh crore by end of second quarter, 2017-18 against Rs 5.67 crore.

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