Page 1013 - Business Finance
Tata Steel gains after good Q3 numbers
Tata Steel rose 1.65% to Rs 477.30 at 9:40 IST on BSE after consolidated net profit rose 54.33% to Rs 1753.07 crore on 22.33% rise in net sales to Rs 40457.11 crore in Q3 December 2018 over Q3 December 2017.
Oil prices fall as U.S. rig count rise, trade concerns
SINGAPORE (Reuters) - Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world's largest oil producer, picked up and financial markets were pulled down by trade concerns.
Aurobindo Pharma completes acquisition of businesses in five European countries
The binding agreement to acquire five of Apotex' European businesses, including infrastructure, personnel, products, certain established trademarks, marketing authorizations and dossier license rights in Poland, the Czech Republic, the Netherlands (including the manufacturing facility in Leiden), Spain and Belgium was announced on 14 July 2018.
Cummins India Ltd Slips 3.77%, S&P BSE Auto index Shed 1.7%
Cummins India Ltd has lost 14.05% over last one month compared to 6.79% fall in S&P BSE Auto index and 1.09% rise in the SENSEX
Rolta India Ltd Surges 4.75%
Rolta India Ltd has lost 49.17% over last one month compared to 11.72% gain in S&P BSE IT Sector index and 1.1% rise in the SENSEX
Market drifts lower in early trade
Domestic stocks drifted lower in early trade as most Asian stocks declined. At 9:23 IST, the barometer index, the S&P BSE Sensex, was down 119.28 points or 0.33% at 36,427.20. The Nifty 50 index was down 50.15 points or 0.46% at 10,893.45.
Singapore's aged in line for pre-election budget bonus
SINGAPORE (Reuters) - Singapore's elderly are primed to benefit from a generous budget unveiled next week, analysts say, as the government prioritises the needs of a fast-ageing population ahead of an election expected as soon as this year.
New Zealand central bank to hold rates at record low as global risks grow
WELLINGTON (Reuters) - New Zealand's central bank is expected to leave interest rates unchanged this week but may adopt a more dovish tone and cut forecasts, in line with other major central banks as global economic headwinds add risks to the outlook.
Indian pilots from Vistara flying for Singapore Airlines
Singapore, Feb 11 (ANI): Since January, Indian full-service carrier, Vistara, has been progressively sending its pilots to fly with Singapore Airlines (SIA) and its budget subsidiary, Scoot.This arrangement, which was first announced internally to the pilots in August last year, is aimed at giving identified young pilots, mostly first officers, the opportunity to gain international as well as operational experience on the long-haul wide-bodied Boeing 787 Dreamliner which Vistara will start taking delivery of next year.Vistara currently operates domestic routes to over 20 cities using a fleet of the short-medium range single-aisle Airbus A320.Media in Singapore reported that around 20 pilots from Vistara will be attached to SIA for a period of a year to supplement its manpower especially at Scoot which is facing a pilot shortage. Moving resources across the same group is not new. AirAsia India, which Tata Sons owns the majority of, also does this. Neither is the shortage of pilots ...
Exclusive: Apollo nears $3 billion deal to buy Cox TV stations - sources
(Reuters) - Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox Enterprises Inc's 14 regional TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in U.S. broadcasting, people familiar with the matter said on Sunday.
Gold holds steady on global growth concerns; trade talks in focus
(Reuters) - Gold prices held firm on Monday, supported by worries over a slowdown in global economic growth and uncertainties around Sino-U.S. trade war, but a strong dollar limited the safe-haven metal's appeal.
Market may open on a flat note
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 2 points at the opening bell.
Tata Steel, BPCL in spotlight after Q3 results
On a consolidated basis, net profit of Tata Steel rose 54.33% to Rs 1753.07 crore on 22.33% rise in net sales to Rs 40457.11 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours on Friday, 8 February 2019.
Oil prices fall on rising U.S. rig count, Illinois refinery fire
SINGAPORE (Reuters) - Oil prices fell by more than 1 percent on Monday as U.S. drilling activity picked up and as a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit.
Asian shares slip, looming U.S.-China trade talks in focus
SYDNEY (Reuters) - Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies.
China's yuan trades lower against US dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis points to 6.7495 against the US dollar on Monday, according to the China Foreign Exchange Trade System.
Palaniswami seeks Centre's sanction for Chennai Metro phase 2
Tamil Nadu Chief Minister K. Palaniswami on Sunday asked the Central government to sanction the second phase of the Chennai Metro Rail Project.
Final investment decision for Mozambique gas block seen by March-April
NEW DELHI (Reuters) - A final investment decision, commonly called FID, for a massive offshore natural gas block in Mozambique is expected to be ready by March or April, the chairman of Mozambique's national oil company ENH said in New Delhi on Sunday.
IIM Calcutta achieves 100% placement
IIM Calcutta, one of the premier B-Schools of the country, has achieved 100 per cent placement on the first day, a statement from the institute said here.
Pakistani PM Imran Khan meets IMF head, bailout talks to continue
ISLAMABAD (Reuters) - International Monetary Fund head Christine Lagarde used a meeting on Sunday with Pakistani Prime Minister Imran Khan to reiterate calls for reforms to its struggling economy, but there was no sign of agreement on a bailout package.