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ITCs Q1 profit grows 1269 to Rs 3437 crore

first_imgNew Delhi: Diversified conglomerate ITC Ltd on Friday reported a 12.69 per cent rise in its consolidated net profit at Rs 3,436.51 crore for the first quarter ended June 2019, driven mainly by FMCG and agri-business segments. The company had posted a net profit of Rs 3,049.38 crore in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 12,532.31 crore as against Rs 11,745.68 crore in the corresponding period a year ago, higher by 6.69 per cent, ITC said in a regulatory filing. Also Read – Thermal coal import may surpass 200 MT this fiscal”The company posted a steady performance during the quarter amidst sluggish demand conditions. Gross revenue for the quarter stood at Rs 11,361.35 crore, representing a growth of 6 per cent, driven mainly by paperboards, hotels and FMCG-others (excluding the lifestyle retailing business),” said ITC. Total expenses for the said period were at Rs 8,113.67 crore as compared with Rs 7,667.62 crore, up 5.81 per cent. During the quarter, revenue from total FMCG business was up 6.76 per cent to Rs 9,209.99 crore as against Rs 8,626.61 crore in the year-ago period. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostTotal FMCG business comprises segments like cigarettes and FMCG-others. Revenue from cigarettes stood at Rs 6,141.92 crore in the April-June quarter, up 6.83, as against Rs 5,748.86 crore in the corresponding period last fiscal. While revenue from FMCG-others segment rose 6.61 per cent to Rs 3,068.07 crore as against Rs 2,877.75 crore. “The FMCG-others segment delivered a resilient performance during the quarter amidst a marked slowdown in the FMCG industry across urban and rural markets, ” said ITC. FMCG-others segment of ITC consists of branded packaged foods as staples, snacks, meals, dairy and beverages, confections, apparel, education and stationery products, personal care products, safety matches and incense sticks. ITC’s hotel business was up 13.90 per cent to Rs 411.60 crore during the quarter as compared to Rs 361.35 crore in the corresponding period last fiscal. “The business recorded a steady performance with segment revenue growing by 15 per cent during the quarter driven by the recently commissioned hotels,” said ITC. However, it also added “the performance of existing hotels was relatively subdued due to slowdown in the conferences and banqueting segment”. Revenue from agri-business segment moved up 14.58 per cent to Rs 3,622.40 crore as against Rs 3,161.39 crore in the June quarter of the previous fiscal.last_img read more

US locked and loaded to punish those responsible for attack on key

first_imgWashington: The US is “locked and loaded” to respond to the unprecedented drone strikes on key Saudi oil facilities, President Donald Trump has warned, a day after his top diplomat blamed Iran for the crippling attack that has led to the biggest surge in crude oil prices since the Gulf War. The attacks on Saturday targeted Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US Iran has denied involvement in the air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen. US Secretary of State Mike Pompeo blamed Iran for the attack, without providing any evidence, prompting Tehran to accuse Washington of deceit. Tweeting on Sunday, President Trump stopped short of directly accusing Iran, but suggested possible military action once the perpetrator was known to his administration. “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!” Trump said. Also Read – Record number of 35 candidates in fray for SL Presidential polls Trump’s tweet, which appeared to raise the specter of a US military response, served to ratchet up tensions in a region already on edge after the audacious attack on the Saudi oil field. Trump used similar language in June when he announced he had called off an attack on Iran just as the US was “cocked & loaded” to strike because he decided it would cause too many deaths for a proportionate response to Tehran’s downing of a US drone. The coordinated strikes on key Saudi Arabian oil facilities disrupted 5 per cent of the daily global oil supply. The attacks sent oil prices sky-rocketing on Monday, with Brent futures up USD 12 — or nearly 20 per cent — in the first few minutes of business, while West Texas Intermediate (WTI) jumped more than USD 8, or 15 per cent, AFP reported. It was the biggest rise since the 1990-1991 Gulf War, it said. Though Trump did not name Iran in his tweet, the attack has caused another spike in tensions between the US and Tehran. Prior to Saturday there were signs the US appeared open to new negotiations and even a potential meeting later this month between Trump and Iranian President Hassan Rouhani in New York on the sidelines of the UN General Assembly session. A day after Secretary of State Pompeo blamed Iran for the attack on Saudi oil facilities and argued there is “no evidence the attacks came from Yemen,” a senior Trump administration official briefed CNN on information to back up Pompeo’s claims. Pompeo did not provide evidence, but the official pointed to satellite imagery provided to CNN showing the oil facilities were struck from the northwest, suggesting an attack from Iraq or Iran, among other information. Iran’s foreign minister Javad Zarif took to Twitter to issue a similar denial. “Having failed at “max pressure”, @SecPompeo’s turning to “max deceit,” Zarif wrote. “US & its clients are stuck in Yemen because of illusion that weapon superiority will lead to military victory. Blaming Iran won’t end disaster. Accepting our April ’15 proposal to end war & begin talks may.” The Trump administration official pointed to the angle at which Saudi oil facilities were attacked, the numbers of points of impact and other information to argue that it is unlikely the attacks were carried out by Yemen. Instead, the official suggested the attack most likely originated in Iran or Iraq. “It is very difficult to see how these things could have come from anywhere but Iran or Iraq,” the official said. The official said 19 Saudi targets were struck in Saturday’s attack and argued that such an attack could not be carried out with 10 drones, which the Houthis claimed to have used. “You can’t hit 19 targets with 10 drones like that,” the official said. The official, drawing on commercial satellite imagery shared with CNN, also noted that “all the points of impact on Saudi facilities were on the northwest side of them, which is somewhat difficult to do from Yemen.” The official could not say whether it is possible drones from Yemen could have angled around to attack northwest facilities. Officials quoted by the New York Times said a mix of drones and cruise missiles might have been deployed, but that not all hit their targets at Abqaiq and the Khurais oilfield. The ABC News quoted a senior US official as saying that Trump was fully aware that Iran was responsible. Earlier on Sunday, White House senior counsellor Kellyanne Conway said Trump has “many options on the table” when it comes to responding to the strike on Saudi Arabia’s oil production facilities. “The President will always consider his options,” Conway said on “Fox News Sunday” when asked if Trump would still sit down with Rouhani under current circumstances. “We’ve never committed to that meeting at the United Nations General Assembly. The President’s just said he’s looking at it,” she said.last_img read more

YOUTUBE ORDERS EONE NEONOIR THRILLER PILOT DARK CARGO FROM EXECUTIVE PRODUCER BEN

first_img Facebook YouTube Premium has ordered “Dark Cargo,” a neo-noir thriller pilot from Entertainment One (eOne), Counterfeit Pictures and SEVEN24 Films.The pilot is written by “Sneaky Pete” alums Adam and Max Reid and will be executive produced by Ben Stiller and Nicky Weinstock under their Red Hour Productions banner. The project hails from studio eOne.Here’s the official logline for the pilot: “Dark Cargo” is a high-octane, cliffhanger-driven, neo-noir thriller set in the big rig cab of Joe Dobbs as he traverses the darkest nights of his life. What begins as a random encounter with a disturbed stranger turns into a race against time, the police, and even more malevolent forces. All the while, Joe just wants to get back to his family. Advertisement Advertisement No casting details have been released for the pilot, which, if ordered to series, will join a growing slate of originals at YouTube Premium, including “Karate Kid” spinoff series “Cobra Kai” and the Tom Felton and Natalia Tena-led “Origin.”Along with this project, Adam and Max Reid are currently writing the pilot for “Ice Cream Man” for Universal Cable Productions and Good Fear. They are repped by WME and The Cartel.By Jennifer Maas | The Wrap Ben Stiller (Getty Images)center_img Twitter Login/Register With: Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more

Jameis Winstons Character Concerns Are No Concern For Buccaneers

Jameis Winston’s arc to the No. 1 pick in the NFL Draft is more like a trek through dangerously rugged terrain. That he made it to the other end, smiling, is as much an accomplishment as being taken by the Tampa Bay Buccaneers first overall.Winston’s talent was never in question—it was all about his character. And in today’s NFL world of multi-million-dollar investments and politically correctness, character concerns are more damning than if he can read a “Cover 2.”The Bucs insist they exhausted themselves looking at Winston’s past: the sexual assault allegations, the “stealing” crab leg saga, the yelling an obscenity on campus situation. . . and the former Heisman Trophy-winning quarterback came out clean.This is major. Usually, once a player projects the perception that he is drama, it becomes a label, a tattoo, a permanent fixture. Winston has not breached the label plateau, but he hovers on the precipice, especially when he does what he did Thursday night.After being selected, he posted a photo posing with crab legs, a dig at the naysayers, no doubt. He can take photos with whom he wants. But considering his background, that probably was not the tactful thing to do.“I’ve got to work,” Winston said Thursday night. “Actions speak so much louder than words, or what they may have read or what they may have heard. It’s about your actions. Whatever is in the past is in the past. I look forward to gaining everyone’s trust.”Winston was accused of sexual assault during his freshman season at Florida State but never was charged. “I have been cleared six times,” he said. “I’ve been cleared six times on that situation. So I took that situation so seriously. But, at the end of the day, I’ve got to keep moving forward. That’s why I’m so thankful.”Jason Licht, the team’s general manager, said they gave Winston the once-over more than once. His take away?“Not only were we comfortable with him and his character, we were confident with his character,” Licht said. “We think that his character that he brings to the locker room and the building is a strength. That’s one of the things that makes him a great player.”Lovie Smith, the coach, said he considers Winston a typical young man off the field and extraordinary on it.“I know a lot of things have been said about him,” Smith said. “He’s made some mistakes that young people make from time to time when they’re young. I definitely don’t think that I’ve seen a pattern. Once you get to know him, I just really believe in him. I trust my instincts on people to know who we’re getting.”They’d better be right. Using the No. 1 pick on a failure can be catastrophic to a franchise. Winston, however, showed something that is hard to measure: With all the questions about his character and legal drama swirling around him, he did not flinch on the field.He played outstanding football in rallying the Seminoles. He was a leader. He was tough. He was a supportive teammate. He won.“He’s a champion,” Licht said. “He’s a leader. He’s a winner. He’s got tremendous football character and tremendous intelligence and work ethic. His work ethic was one thing that really put him over the top for us, combined with his leadership and his ‘it’ factor, as well as his ability on the field.”Cleared of the difficult terrain, maybe now Winston can craft an NFL arc that is devoid of scandal. It’d be nice to see him play without distraction. What a novel idea. read more

Honoring those who served on the USS Midway on National Vietnam Veterans

first_imgHonoring those who served on the USS Midway on National Vietnam Veterans Recognition Day 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave Settings KUSI Newsroom March 29, 2019 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Today March 29th is National Vietnam Veterans Recognition Day. President Trump signed into law the Vietnam War Veterans Recognition Act of 2017 declaring today a day set aside to honor all those who answered our nation’s call to duty in Vietnam.KUSI’s Ginger Jeffries spent the morning aboard the USS Midway to learn more about the role the Midway played during the Vietnam War.Retired Navy Fighter Pilot and USS Midway Museum docent Larry Renner joined KUSI to celebrate Vietnam veterans. Updated: 10:27 PM Categories: Local San Diego News FacebookTwitter KUSI Newsroom, Posted: March 29, 2019last_img read more