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Virinchi reports 45% rise in Q1 consolidated net profit
16 Aug 16:37

Virinchi has reported results for first quarter ended June 30, 2018. The company has reported a rise of 42.38% in its net profit at Rs 5.51 crore for the quarter under review as compared to Rs 3.87 crore for the same quarter in the previous year. Total income of the company increased by 17.78% at Rs 49.03 crore for Q1FY19 as compared Rs 41.63 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 45.01% in its net profit at Rs 10.18 crore for the quarter under review as compared to net profit of Rs 7.02 crore for the same quarter in the previous year. Total income of the company increased by 16.40% at Rs 98.01 crore for Q1FY19 as compared Rs 84.20 crore for the corresponding quarter previous year.

India Home Loan’s net profit jumps over 2 fold in Q1
16 Aug 16:27

India Home Loan has reported results for first quarter ended June 30, 2018. The company has reported over 2 fold jump in its net profit at Rs 1.08 crore for the quarter under review as compared to Rs 0.51 crore for the same quarter in the previous year. Total income of the company jumped by 3-fold at Rs 7.46 crore for Q1FY19 as compared Rs 2.31 crore for the corresponding quarter previous year. India Home Loan is engaged in providing housing finance for the purchase and construction of house and apartments.

MCX inks MoU with India Bullion, IBJA
16 Aug 15:25

Multi Commodity Exchange of India (MCX) has signed a Memorandum of Understanding (MoU) with India Bullion and Jewellers Association (IBJA), the apex industry body for all bullion and jewellery associations in India on various cooperation activities for the growth and development of bullion industry, including a joint viability of setting up a ‘Bullion Spot Exchange’ in India.It is in line with the Government of India’s vision of establishing trade efficient and consumer friendly system of regulated gold exchange in the country for bullion stakeholders for efficient price discovery and transparency. Both MCX and IBJA have been continuously working towards furthering the development of bullion and jewellery sector in India.MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

Renaissance Jewellery wins GJEPC Award for FY17
16 Aug 15:13

Renaissance Jewellery has received the Gem and Jewellery Export Promotion Council (GJEPC) Award for largest exporter in the category of Precious Metal Jewellery Studded for the year 2016-17. The company has been judged based on its excellent export performance, value additions to the company and the Industry. The company has received this distinguished award for the 7th time.Renaissance Jewellery is engaged in the business of design, manufacturing, and sales of various types of jewellery - Gold, silver, platinum jewellery, studded with diamonds and other precious and semi-precious stones.

Maruti Suzuki increases prices across models
16 Aug 15:12

Maruti Suzuki India has increased prices of its models owing to rise in commodity and distribution costs and adverse foreign exchange rates. The price change varies across models and is up to Rs 6,100 (Ex-Showroom - Delhi). The new prices are effective from August 16, 2018.Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

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