Page 1202 - Business Finance
Oil falls on increased U.S. rig count, China industrial slowdown
SINGAPORE (Reuters) - Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world's second-largest oil user, reported additional signs of an economic slowdown.
Equity market down around 1%; banking stocks tank
Heavy selling pressure in banking, automobile, healthcare and consumer durables stocks pulled the Indian equity market lower by around 1 per cent during Monday's afternoon trade session.
Crude awakening: Chinese oil demand rebounds as independent refiners restock
SINGAPORE (Reuters) - Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further from low levels hit late last year, restocking with supplies that will arrive in March and April, trade sources said.
Jet Airways seeks shareholder nod on capital boost
(Reuters) - Jet Airways said on Monday it would seek shareholder approval to issue new equity and convert existing debt into equity among other things at a special meeting on Feb. 21, as the beleaguered airline attempts to stay afloat.
Canara Bank December-quarter profit soars 152 percent
(Reuters) - India's Canara Bank Ltd reported a 152.5 percent surge in quarterly net profit on Monday, buoyed by higher interest income and a write-back of provisions made for mark-to-market losses.
Gold futures up Rs 165 on firm global leads
Gold prices rose by Rs 165 to Rs 32,508 per 10 gram in futures trade Friday as speculators raised their bets, taking positive cues from the global markets. In the domestic market, the prices were up on increase in demand from local jewellers because of the ongoing wedding season. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 165, or 0.51 per cent, at Rs 32,508 per 10 gram in a business turnover of 13,435 lots. Similarly, gold for delivery in April was trading up by Rs 169, or 0.52 per cent, at Rs 32,600 per 10 gram. Globally, gold was trading 1.77 per cent higher at USD 1,301 an ounce in Singapore.
Sensex, Nifty hover near day's low
Key benchmarks were trading near day's low in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, was down 305.49 points or 0.85% at 35,720.05. The Nifty 50 index was down 98.25 points or 0.91% at 10,682.30. Selling in ICICI Bank, Infosys, Reliance Industries and HDFC put pressure on bourses. The Sensex was trading below 36,000 mark while the Nifty was trading below 10,700 mark.
Zee Entertainment shares bounce back; surge 20 pc
Shares of Zee Entertainment Enterprises bounced back Monday, surging 20 per cent, after it denied links with a company being probed by the SFIO for suspicious demonetisation deposits. The stock recovered its lost ground after Friday's massive fall and soared 14.99 per cent to Rs 367.25 on BSE. At NSE, shares of the company surged 19.97 per cent to Rs 382. Subhash Chandra-promoted two Essel group companies Zee Entertainment Enterprises and Dish TV Sunday denied links with Nityank lnfrapower and Multiventures Ltd, a company being probed by the SFIO for suspicious demonetisation deposits, as claimed in a media report. Shares of other Zee group companies however, continued to face selling pressure Monday also, with Zee Media Corporation Ltd plunging 19.91 per cent, Dish TV slumping 14.82 per cent and Zee Learn Ltd tanking 10.34 per cent on BSE. On January 25, shares of ZEE group companies had come under massive selling pressure, plummeting up to 33 per cent, and suffered a combined ...
Spain's Bankia 2018 profit jumps 40 percent despite fourth-quarter loss
MADRID (Reuters) - Spain's Bankia posted an almost 40 percent rise in full-year net profit in 2018, with a pick up in trading offsetting a fourth-quarter loss from the sale of toxic assets as the lender intensified efforts to clean up its balance sheet.
Nissan says co-operating with SEC inquiry after report of probe on executive pay
TOKYO (Reuters) - Nissan Motor Co Ltd on Monday said it was the target of a U.S. Securities and Exchange Commission (SEC) inquiry, as the Japanese automaker itself faces scrutiny in a financial scandal it has blamed on ousted chairman Carlos Ghosn.
How did baniya billionaires become digital disruptors? (Tech Trend-Part II)
The great Indian baniya community, single-mindedly focused on business and keeping a close tab on profits, has embarked on a digital journey to understand their customers better and boost growth.
Tata Consultancy Services Ltd up for third straight session
Tata Consultancy Services Ltd is quoting at Rs 1946.8, up 1.35% on the day as on 12:49 IST on the NSE. The stock is up 21.72% in last one year as compared to a 4.04% slide in NIFTY and a 13.89% slide in the Nifty IT index.
Indian Oil Corporation Ltd rises for fifth straight session
Indian Oil Corporation Ltd is quoting at Rs 137.8, up 0.04% on the day as on 12:44 IST on the NSE. The stock is down 31.04% in last one year as compared to a 4.09% slide in NIFTY and a 2.85% slide in the Nifty Energy.
SThree full-year profit rises, but UK growth stutters
(Reuters) - Recruiter SThree Plc posted a 20 percent rise in full-year pretax profit on Monday as strong international hiring offset declines in Britain.
RBI Governor takes stock of banking sector
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said he took stock of the banking situation and shared his expectations from the banks at a meeting called by Department of Financial Services (DFS).
IRCTC scam: Delhi court grants bail to Lalu, wife and son
A Delhi court Monday granted bail to RJD chief Lalu Prasad, his wife Rabri Devi and son Tejashwi Yadav in a money laundering case related to the Indian Railway Catering and Tourism Corporation (IRCTC) scam. Special Judge Arun Bhardwaj granted relief to each of the accused persons on a personal bond of Rs 1 lakh and surety of like amounts. The court had on January 19 extended the interim bail granted to the them which ended Monday. The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm. The court had earlier granted bail to them in the IRCTC scam case filed by the CBI. According to the charge sheet filed by the Central Bureau of Investigation (CBI), between 2004 and 2014, a conspiracy was hatched in pursuance of which BNR hotels of the Indian Railways, located in Puri and Ranchi, were first transferred to IRCTC and later, for its operations, maintenance and upkeep, given on lease to Sujata Hotels Private Limited, which is
WR provides segways to RPF at Mumbai suburban stations
The Western Railway has provided segways, the two-wheeled, self-balancing and battery-powered electric vehicles, to the Railway Protection Force (RPF) personnel deployed at major railway stations in Mumbai. The vehicle, introduced on the Republic Day, will help the RPF in keeping an eye on every nook and corner of the railway stations, specially on long platforms, Western Railway's Chief PRO Ravinder Bhakar said on Monday. "This is the first-of-its-kind initiative by the Indian Railways. We have got six segways and five more are expected in the next few weeks," he said. These segways will be used by RPF personnel at Churchgate, Mumbai Central, Bandra Terminus, Andheri and Borivali stations, he added. Currently, segways are used by Marine Drive police in South Mumbai to patrol on the promenade and the officials need sufficient training to operate these self-balancing vehicles.
IDBI Bank redeems USD 500 mn Senior Notes issued under MTN Program
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Southern Petrochemicals enters into MoU with Govt. of Tamil Nadu
For setting up various projects in Tuticorin
Wipro Ltd spurts 1.26%, gains for fifth straight session
Wipro Ltd is quoting at Rs 357.9, up 1.26% on the day as on 12:44 IST on the NSE. The stock is up 15.02% in last one year as compared to a 4.09% slide in NIFTY and a 13.8% slide in the Nifty IT.