Page 1136 - Business Finance
Equity indices open in green ahead of interim budget
The Indian equity indices opened on a positive note ahead of the interim budget on Friday, with the BSE Sensex gaining over 100 points.
PM Modi looks to budget to shore up political base; jobs and farmers in focus
NEW DELHI (Reuters) - Prime Minister Narendra Modi's government is expected to try and shore up its political support with big ticket farm giveaways and tax cuts for the middle class in its final budget on Friday, months before elections.
Global Economy: Factory activity shrinks across Asia as cooling China threatens global growth
HONG KONG (Reuters) - Factory activity shrank across much of Asia in January, falling to the weakest in years in several countries and adding to worries that trade tariffs and cooling demand in China pose an increasing threat to global growth.
Jet Airways accepts Etihad bailout plan - Business Standard
(Reuters) - Jet Airways (India) Ltd has agreed to most of the conditions set by its partner Etihad for offering a lifeline to the debt-laden domestic carrier, Business Standard reported on Friday, citing sources.
Mercator update on recovery of arbitration award from Dredging Corporation of India
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Hero MotoCorp gains after Q3 results
Hero MotoCorp rose 2.02% to Rs 2664.80 at 9:17 IST on BSE after net profit fell 4.5% to Rs 769.10 crore on 7.5% increase in net sales to Rs 7,864.82 crore in Q3 December 2018 over Q3 December 2017.
Oil caught between trade talk hopes, weak China data
SINGAPORE (Reuters) - Oil prices held steady on Friday, torn between hopes the United States and China could soon settle their trade disputes and new data raising fresh concerns over China's economic slowdown.
Interim budget to be watched
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 28 points at the opening bell. Berger Paints India, Dr. Reddy's Laboratories, State Bank of India and Titan Company will announce October-December 2018 quarterly results today, 1 February 2019. Investors will focus on the interim budget to be announced today, 1 February 2019.
Bharti Airtel, Hero MotoCorp in focus after Q3 earnings
On a consolidated basis, Bharti Airtel's net profit fell 71.81% to Rs 86.20 crore on 0.99% increase in net sales to Rs 20,519.20 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours yesterday, 31 January 2019.
Amazon sales outlook falls short after record holiday quarter
(Reuters) - Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates, warning that new regulations in India had created uncertainty around one of its key growth markets and saying it would step up investments in 2019.
ShipKaro cuts down the price barrier for e-commerce merchants
Logistics aggregator service provider from Hippo Innovations Pvt. Ltd., ShipKaro is making great strides in improving e-commerce logistics across India.With an attempt to set new benchmarks for e-commerce delivery solutions, ShipKaro aims to combine cutting-edge technology, long-term association with multiple shipping partners on a single platform.Riding on the volume discounts from the partners, ShipKaro is able to offer shipping rates as low as Rs. 32 for a half kg parcel, which includes a free pickup. The pay-per-use model gives the customers freedom from paying any fixed monthly charges.The payment is based on their usage of the service. Also, retailers can easily offer COD (Cash-On-Delivery) on their stores without worrying about the hassles that come with it. ShipKaro has streamlined COD management and remittance process where the COD amount is automatically credited to the retailers' bank account. With a mobile interface for handling logistics on the go, ShipKaro platform has ..
Global Markets: Asian shares off 4-month high as China data disappoints
SYDNEY (Reuters) - Asian shares backed away from four-month highs on Friday as a dismal survey on Chinese factory activity dulled optimism about the prospects for a Sino-U.S. deal on tariffs.
Global Markets: Asian shares at four-month high as hopes rise on Trump-Xi meet
SYDNEY (Reuters) - Asian shares ticked up to four-month highs on Friday on hopes the leaders from the United States and China could strike a trade deal and as the Federal Reserve appeared to have all but abandoned a plan to raise borrowing rates further.
India PM Modi looks to budget on Friday to shore up political base
NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi's government is expected to try and shore up its political support with big ticket farm giveaways and tax cuts for the middle class in its final federal budget on Friday, months before elections.
GM, Fiat Chrysler to resume normal operations after utility strain
WASHINGTON (Reuters) - General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state's natural gas supply.
Oil nudges higher as OPEC reduces output
SYDNEY (Reuters) - U.S. oil prices edged higher on Friday, recovering from losses of nearly 1 percent in the previous session, as data showed major exporters are quickly reducing output in line with a supply cutting pact.
As Venezuela scrambles for fuel, looming sanctions tangle exports
PUNTO FIJO, Venezuela/HOUSTON (Reuters) - Venezuela is ramping up pressure on fuel suppliers to deliver cargoes to its state-run oil firm even if payment issues have not been sorted amid U.S. sanctions, while European clients put scheduled export shipments on hold.
Australia's biggest lender may turn biggest loser after powerful public inquiry
SYDNEY (Reuters) - Australia's biggest bank has for years generated blockbuster profits by focussing on retail customers and home mortgages while its competitors sought to build exposure to business and farm lending, even forays offshore.
RBI exempts BoI, BoM, OBC from PCAF
The Reserve Bank of India has exempted Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from PCAF (Prompt Corrective Action Framework) following improvements in their capital position and asset quality in the December 2018 quarter, said an official statement."On a review of the performance of Public Sector Banks (PSBs) currently under the PCAF, it was noted that a few banks are not in breach of the PCA parameters as per their published results for the quarter ending December 2018, except Return on Assets (RoA)," the RBI said. These banks have provided a written commitment that they would comply with the norms of minimum regulatory capital, Net NPA and leverage ratio on an ongoing basis. They have also apprised the RBI of the structural and systemic improvements that they have put in place which would help the banks in continuing to meet these commitments. Further, the government has also assured that the capital requirements of these banks will be duly factored in ...
Amazon removes numerous products from India site as new e-commerce rules bite
NEW DELHI/MUMBAI (Reuters) - E-commerce rules that went into effect in India on Friday caused widespread disruption for Amazon.com, forcing it to take down an array of items from its India website including Echo speakers, batteries and floor cleaners.