Page 1201 - Business Finance
DLF bucks weak market trend
DLF rose 3.69% to Rs 162.85 at 14:46 IST on BSE on bargain hunting after the company issued clarification to the stock exchanges.
Negative news flow leads to demolition derby, Zee latest example
Negative news flow impacts companies and their stocks adversely. This is the biggest learning transposed from the happenings of last year.
New dam disaster puts Vale CEO, deals and dividends under scrutiny
SAO PAULO (Reuters) - When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world's largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: "Mariana, never again."
Alchemist properties worth Rs 239 crore attached by ED
The Enforcement Directorate (ED) has provisionally attached assets, worth Rs 239.29 crore and bank accounts of Alchemist Infra Realty in an ongoing investigation under the Prevention of Money Laundering Act (PMLA).The attached properties are located in Chandigarh, Panchkula, Derabassi and at SAS Nagar in Punjab and Shimla in Himachal Pradesh.The directorate, which handles financial crimes, had initiated investigation under provisions of PMLA against Alchemist Infra Realty, its sister companies and directors on the basis of a prosecution complaint filed by the Securities and Exchange Board of India (SEBI) at Patiala House court on March 18, 2016.Investigation showed that Alchemist Infra Realty laundered funds through a web of companies. The funds mobilised from investors were never utilised for the purpose they were collected. They were transferred to bank accounts of fictitious companies and used to purchase properties at various locations across in the country.Further investigations .
India Examines Market Access For Agriculture And Allied Products Exports To China
Commerce Secretary, Anup Wadhawan, was on a two-day official visit to Beijing last week. During the visit from 21st to 22nd January 2019, he had bilateral meeting with Zhang Jiwen, Vice Minister of General Administration of China Customs (GACC), for examining market access and quarantine issues for India's agriculture and allied products. During the meeting, Commerce Secretary appreciated GACC for expeditiously addressing long pending agricultural market access issues for Indian products, following the understandings reached on these matters at the Informal Summit in Wuhan last year between President, Xi Jinping and Prime Minister, Narendra Modi.
Siti Networks Ltd leads losers in 'B' group
IOL Chemicals & Pharmaceuticals Ltd, Zee Media Corporation Ltd, Shirpur Gold Refinery Ltd and Sambhaav Media Ltd are among the other losers in the BSE's 'B' group today, 28 January 2019.
Volumes jump at Shriram City Union Finance Ltd counter
Shriram City Union Finance Ltd saw volume of 3.36 lakh shares by 14:14 IST on NSE, a 15.37 fold spurt over two-week average daily volume of 21868 shares
India has emerged as educational hub, home to some of the best institutions: Swaraj
Quest for knowledge has been fundamental to Indian culture and the country has emerged as an educational hub, External Affairs Minister Sushma Swaraj said Monday. Speaking at the alumni award of the Indian Council for Cultural Relations, Swaraj also said the country has the best of the institutions like IITs, IIMs and NITs that are offering niche courses in biotechnology, solar energy and textile management among others. "There are about 6,000 foreign students studying in India under various scholarships of ICCR and this number is increasing every passing year," she said. Education in India through scholarships of the Indian Council for Cultural Relations (ICCR) is a "humble contribution" of the nation to capacity building in other countries, the minister said. "The quest for knowledge has also been a fundamental of Indian culture and civilisation. With institutes like Nalanda, Panchsheela and Vikramashila, India had a well-developed focussed system of education," she added. Swaraj ...
Chana futures fall 0.47% on muted demand
Chana prices declined 0.47 per cent to Rs 4,196 per quintal in futures trade Monday after participants reduced their exposures amid subdued demand at spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, chana for delivery in March was trading lower by Rs 20, or 0.47 per cent, to Rs 4,196 per quintal with an open interest of 30,470 lots. The April rates also fell by Rs 27, or 0.63 per cent, to Rs 4,225 per quintal with an open interest of 14,010 lots. Marketmen said, trimming of bets by traders on the back of easing demand in physical market against adequate stocks position, mainly led to fall in chana prices.
My sister has right to decline Padma Shri: Naveen
Odisha Chief Minister Naveen Patnaik on Monday said his sister Gita Mehta has every right to decline the Padma Shri award.
RBL Bank slides after Q3 results
RBL Bank fell 2.99% to Rs 557.10 at 14:10 IST on BSE after net profit rose 36.21% to Rs 225.19 crore on 42.87% increase in total income to Rs 2012.99 crore in Q3 December 2018 over Q3 December 2017.
Renowned communication tech leader M800 Ltd allies with Aberame Limited for increased global expansion and growth
Aberame, a leading Information Technology solution provider in India, and M800- a leading global communication solutions provider in Asia- have started a strategic reseller partnership to bring secure and reliable communication solutions, including liveConnect and M800 SDK Suite, to markets in India, Indian Sub-continent, USA, Canada, Australia, and New Zealand, powering-up businesses' website, app and IoT devices.M800 is enhancing its global expansion by using Aberame's marketing strategies and aims to empower its business and establish worldwide presence. The new partnership is expected to spark innovation in communication markets by maximizing the product development talents and resources at both companies while driving scale and efficiency in the partners' respective supply chains."We are excited to partner with M800 Limited," said Rajalingam R, Founder Director and CEO of Aberame. "It's clear that every business is looking for new affordable communication solutions to attract and
Top HR leaders join Leading from Behind Summit along with innovators
Jombay brings back its annual "Leading from Behind" summit on January 30, at The Lalit, Mumbai.Jombay began Leading From Behind as a unique leadership summit last year that brings new conversations to the leadership development space. The Summit aims to bring the enthusiasm of the young and talented future HR leaders of India and the experience and knowledge of today's leadership under one roof.CEO & Co - founder of Jombay, Mr. MohitGundechasaid, "As one of India's fastest growing talent assessment and development companies, we at Jombay are delighted and humbled to have put together the Leading From Behind summit for the entire HR and corporate fraternity of Indian enterprise. We are sure that the recognition of top young HR leaders will significantly inspire and empower the HR space in India."He added, "The event will be a starry affair and Jombay promises to deliver one of the most insightful and interactive leadership Summits with a mixture of experience, knowledge, ...
Aramco amps up in South Korea with $1.6 billion bet on refiner Hyundai Oilbank
SEOUL (Reuters) - State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil.
Karnataka to set up e-NAM in two mandis
Karnataka, the first state to start its own e-trading in agri-commodities, is now ready to set up much advanced online platform e-NAM developed by the Centre, a senior agriculture ministry official said Monday. In 2014-15, online trading in Karnataka's wholesale mandis called Agricultural Produce Marketing Committees (APMCs) commenced via the Rashtriya e-Market Services (ReMS), a joint venture of the state and NCDEX Spot Exchange. So far, ReMS is operational in 162 mandis in the state. The central government launched the electronic National Agriculture Market (eNAM) -- an initiative to connect APMC mandis across the country and establish one unified electronic spot market -- in April 2016. Trading in 585 mandis is currently taking place on the e-NAM network in 16 states and 2 Union territories (UTs), helping discover price in real time in a transparent manner. "After much persuasion, Karnataka government has agreed to set up e-NAM platform in two mandis including one in Chincholi ...
India, China hold talks on providing market access to domestic products
India and China have held wide ranging discussions on various issues, including providing market access to domestic products in the neighbouring country, the commerce ministry said Monday. The meeting was held last week in Beijing between Commerce Secretary Anup Wadhawan and Vice-Minister of General Administration of China Customs (GACC) Zhang Jiwen. Both the countries have signed a protocol for exporting non-basmati rice, fish meal and fish oil to China, it said. GACC has also approved six Indian mills for export of rapeseed meal to China, it added. Both the nations have also inked a protocol to export Indian tobacco leaves to China, which is the largest consumer and producer of tobacco with over 350 million smokers - the world's highest. These developments assume significance as India wants to increase exports to China with a view to bridge the ballooning trade deficit, which has increased to USD 63.12 billion in 2017-18 from USD 51.08 billion in the previous fiscal.
French group Saint-Gobain to triple India revenue
French float glass major Saint-Gobain has planned to triple its turnover in India in the next 10 years by investing in Tamil Nadu, company officials said on Monday.
TTK Prestige Q3 profit up 34 pc to Rs 85 cr
Kitchen appliances firm TTK Prestige on Monday reported 33.66 per cent increase in net profit at Rs 84.85 crore for the third quarter ended December 2018. The company had posted a net profit of Rs 63.48 crore in October-December period a year ago, TTK Prestige said in a regulatory filing. Total income during the quarter under review stood at Rs 558.63 crore as compared to Rs 461.62 crore in the year-ago period, it said. Total expenses were at Rs 473.78 crore, up 18.99 per cent as against Rs 398.14 crore earlier. Shares of TTK Prestige were trading 0.92 per cent down at Rs 7,717.95 a piece on BSE.
Motherson Sumi Systems Ltd slips for fifth straight session
Motherson Sumi Systems Ltd is quoting at Rs 144.5, down 4.18% on the day as on 13:19 IST on the NSE. The stock tumbled 41.41% in last one year as compared to a 4.11% slide in NIFTY and a 30.25% fall in the Nifty Auto index.
HDFC Bank Ltd down for fifth straight session
HDFC Bank Ltd is quoting at Rs 2090.9, down 0.24% on the day as on 13:19 IST on the NSE. The stock jumped 4.56% in last one year as compared to a 4.11% slide in NIFTY and a 2.93% fall in the Nifty Bank index.