Omaxe Q2 net profit dips 21 pc at Rs 18.5 cr


Kolkata: NMDC, one of the country's largest iron ore miners, posted a 10% increase profit after tax (PAT) to Rs 844 crore for second quarter of 2017-18 (Q2FY18) up from Rs 771 crore for Q2FY17 driven by improved sale realization and volumes.

The company posted total income of Rs 2,531.18 crore for the second quarter as against Rs 2,012.64 crore for the corresponding quarter previous year.

Total income from operations during the second quarter grew 8.20 per cent to Rs 12,702 crore as compared to (Rs XX crore) in the corresponding quarter a year ago.

Apple Watch retakes lead of wearables market, Xiaomi second
The report attributes part the success to the new Apple Watch Series 3, which hit global sales as high as 3.9 million. That must help, for Apple now ships a Watch for every seven iPhone 7 or 8 models it shifts, according to Canalys.

The gas utility marketed 5 per cent more gas by volume during the quarter in consideration, the statement said.

Earnings from natural gas marketing in the quarter under review rose 27 per cent to Rs 419.74 crore.

The company has reported net sales of Rs.1529.48 crores during the period ended September 30, 2017 as compared to Rs.1600.30 crores during the period ended September 30, 2016.

3 dead after shooting in Northern California elementary school
Authorities tell KHSL they responded to a report of shots fired at the Rancho Tehama Reserve south of Red Bluff around 8 a.m. Three people were killed in a shooting that started at a home and moved to an elementary school in California Tuesday.

Revenue dropped marginally by around 1per cent to Rs12,409.65 crore.

For the fiscal ended March 31, 2017, the company had posted a profit of Rs 2,589.6 crore and income of Rs 9,738.45 crore.

The stock closed 0.64 per cent down at Rs 1,087.25 on BSE.

Oil price drops more than US$1on IEA warning of shrinking demand
The IEA added that the likely boom in U.S. production will place it among the top fossil fuel producers in the world, by 2025. That will keep prices down and help make the U.S. a net exporter of oil - in addition to gas - by the late 2020s.