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Business Economy


Kaveri Seeds net profit up by 8.72 pc in Q1 FY '19-20

Kaveri Seeds net profit up by 8.72 pc in Q1 FY '19-20

Hyderabad, Aug 14 (UNI) The Net Profit of Kaveri Seeds Company Limited for the first quarter in the current fiscal 2019-20 stood at Rs 228.93 crore, up by 8.72 per cent year-on-year.

The Board of Directors of the Company has approved the financial results for the quarter ended June 30, 2019 at a meeting held in Secunderabad on Tuesday.



A Company statement on Wednesday said that the company’s sales have been increased from Rs 581.89 crore in Q1 FY2018-19 to Rs 655.46 crore in Q1 FY 2019-20.





Operational EBITDA margin was up by 68 basis points and other income component was low compared to previous corresponding quarter, the statement added.

UNI VV CS 1710

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UCO bank contemplating to further reduce its lending rates

18 Aug 2019 | 5:16 PM

Ahmedabad, Aug 18 (UNI) Public Sector UCO Bank which recently reduced its marginal cost of funds - based lending rate (MCLR) by 15 basis points making its home and car loans cheaper by as many points said on Sunday that it was contemplating to further reduced it.

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HDFC bags ‘India’s Best Bank’ at Euromoney Awards for Excellence 2019

18 Aug 2019 | 2:39 PM

Mumbai, Aug 18 (UNI) HDFC Bank has been awarded ‘India’s Best Bank’ at the Euromoney Awards
for Excellence 2019, an official statement said on Sunday.

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Armines Industries launches new, ready-mix plaster plant in Cacoda Industrial estate

17 Aug 2019 | 7:58 PM

Margao, Aug 17 (UNI) Goa based Armines Industries recently launched a first-of-its-kind, ready-mix plaster manufacturing factory in the Cacoda industrial estate.

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Ahmedabad Oil Market rate

17 Aug 2019 | 4:26 PM

Ahmedabad, Aug 17 (UNI) Ahmedabad Oil Market showed a firm trend here on Saturday.

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Ahmedabad Cotton Market rate

17 Aug 2019 | 4:26 PM

Ahmedabad, Aug 17 (UNI ) Ahmedabad Cotton Market ruled steady here on Saturday.

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