Next IMF chief should be from emerging economy

WASHINGTON: India has told the IMF that the next managing director of the top global financial body should be from an emerging economy and not from Europe, which traditionally has been the case. Last month, the International Monetary Fund (IMF) confirmed Christine Lagarde of France for her second five-year term beginning July 5. There was […]

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Around 12 killed in Taliban suicide attack on Afghan army recruits

At least 12 people were killed and dozens wounded Monday when a Taliban suicide bomber attacked a bus carrying Afghan army recruits near the eastern city of Jalalabad, officials said. It came days after US Secretary of State John Kerry paid a visit to Kabul to underscore his support for Afghanistan’s beleaguered unity government and […]

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Shobhan Mittal’s GreenPly Industries, improved EBITDA margin to 14.9% in Jan-Mar 2016 period

Shobhan Mittal’s GreenPly Industries increased and improved profitability in the period of January-March 2016 (FY4Q2016). According to the disclosed information, the company’s income from operation INR 45,328 lacs (around USD 67.5 million ), generating INR 6,768 lacs of EBITDA (14.9% margin). The company made INR 2.5 lacs profit from ordinary activities before tax.

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Eros International’s stock surges over 5% intraday on positive internal review

The shares of Eros International Media surged by over 5% intraday on Tuesday after the company announced the completion of an internal review that reinforced confidence in the company’s accounting policy, practices, and disclosures. The stock jumped 5.63% to Rs 174.45 in the early trade on the BSE. At NSE, the shares of the company […]

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