TV18 Broadcast shares plunge nearly 7% as Q2 consolidated net profit declines

TV18 Broadcast shares plunged over 7 per cent intraday after the company reported 71 per cent fall in consolidated net profit at Rs 5.15 crore for the quarter ended September 30, 2016 against net profit of Rs 17.78 crore in the corresponding quarter a year ago. (Photo: Reuters) TV18 Broadcast shares plunged over 7 per cent intraday after the company reported 71 per cent fall in consolidated net profit at Rs 5.15 crore for the quarter ended September 30, 2016 against net profit of Rs 17.78 crore in the corresponding quarter a year ago. At 3.01 pm, shares of TV18 Broadcast were trading 7.04 per cent down at Rs 43.60. The scrip opened the day at Rs 46.95 and has touched a high and low of Rs 48.20 and Rs 42.70, respectively, in trade so far. Later, the scrip closed 6.82 per cent down at Rs…

Vedanta To Raise Up To Rs 300 Crore Via Debentures New Delhi: Mining conglomerate Vedanta Ltd today said it will raise up to Rs 300 crore through private placement of non-convertible debentures (NCDs). A committee constituted by Vedanta's Board today approved offering for subscription, on a private placement basis, up to 3,000 secured, rated, listed, redeemable, NCDs of face value Rs 10 lakh each aggregating up to Rs 300 crore, it said in a regulatory filing. The NCDs will be listed on the BSE and will mature on April 22, 2020, it added. 

$81m cyberheist: Five Philippine bankers charged over money-laundering ‹› Manila: An anti-money laundering body in the Philippines has filed charges against five officials of RCBC bank and a former treasurer who "wilfully ignored" suspicious activity that led to tens of millions of dollars vanishing after a heist on Bangladesh's central bank. Unknown cyber criminals tried to steal nearly $1 billion from the Bangladesh Bank in February in what was one of the biggest bank heists ever. They succeeded in transferring some $81 million via an account at the New York Federal Reserve to four accounts in fake names at a branch of Rizal Commercial Banking Corp in Manila. Most of the cash was quickly withdrawn and laundered through multiple channels. In a 97-page complaint to the justice ministry, the Anti-Money Laundering Council (AMLC)...

What, Now A Trump Recession? Economists are already warning that if President-elect Trump's policies are enacted, such as initiating trade wars, or the wrong tax cuts, or even cutting back on social security and Medicare benefits, we could see another recession, similar to the Great Recession that occurred during GW Bush's term. Whether his policies can be enacted depends on several things, including his unpredictable behavior, and perhaps the outcome of his November 28 RICO trial in San Diego for running Trump University as a criminal enterprise. Judge Gonzalo Curiel has just ruled that Trump's inflammatory campaign statements can be admitted as evidence in his trial. The Bush recession was caused by too lax regulations that caused the housing bubble (by allowing excessive bank leverage), tax cuts that increased the budget deficit...

Italy readies bank bailout after prime minister decides to resign Italy is preparing a state bailout for Monte Paschi as the troubled bank teeters on the brink of failure following Prime Minister Matteo Renzi’s decision to quit, sources said Tuesday. One of the sources said a government decree authorizing the deal could be rushed through as early as this weekend. Monte Paschi must raise 5 billion euros ($5.4 billion) by the end of December to avert the risk of being wound down, but investors are reluctant to provide cash after Renzi lost a referendum Sunday and announced plans to resign. Renzi is expected to leave office in days and could be replaced by his current economy minister or another leading politician. But an early election might be held next year, raising fears among investors that a maverick, anti-...

Netflix will now show you video previews to help cure your indecision We've all been there, scrolling through Netflix's many options but entirely unable to settle on anything. Netflix thinks some video will help you decide. The streaming video giant is introducing video previews to its user interface. The video below shows how navigating to "Stranger Things" brings up a brief look at the show.  "As we launch more than 1,000 hours of original content next year, we know we have less than 90 seconds to capture someone’s attention and get them excited about a title — that’s why we’re introducing video previews into the TV browsing experience," Netflix product leads Stephen Garcia and Chris Jaffe wrote in a blog post.  The new features launches globally on Tuesday. Garcia and Jaffe said that the new feature has been...

Watch How Excited Shep Smith Gets About ChapStick Watch the latest video at video.foxnews.com Fox News anchor Shepard Smith has a problem with dry lips. During an Election Day broadcast alongside Chris Wallace, Smith picked up his ChapStick from the floor on live television. “What are you doing?” Wallace asked him. “I dropped my ChapStick. I gotta have the ChapStick,” Smith responded. Wallace burst out laughing. “Should I leave it on the floor for someone else to pick up?”Smith asked. “Well, I don’t know ― or you could have waited til the break,” Wallace offered. “I need it. It’s ChapStick,” Smith insisted. “You have a ChapStick fetish, don’t you?” Wallace said. Pfizer, the mega-corporation that makes ChapStick, apparently saw an opportunity in Smith’s devotion to the ...

Dassault Aviaiton positive about growth despite low oil prices Dubai: French aircraft maker Dassault Aviation is upbeat about business prospects in the Middle East despite low oil prices, a top executive of the company said in Dubai on Tuesday. “The region is growing. Oil is a problem but at the same time all the countries are making changes to depend less on oil. We see positive opportunities in the Middle East,” said Renaud Cloatre, regional sales and marketing director at Dassault Aviation speaking to Gulf News at the Middle East and North Africa Business Aviation Association show. Gulf economies are focusing on diversification as oil prices drop in the last few years. The UAE is planning to reduce its dependence on oil revenue and increase the contribution of manufacturing sector. Other countries like Saudi Arabia...