Page 1203 - Business Finance
Will the interim budget provide a lifeline to realty? (Comment)
In a way, this year's interim budget, the last from the present NDA government before the Lok Sabha elections, is set against a similar backdrop as its first (albeit not full) budget of 2014-15 when the real estate sector was reeling under a major financial crisis. As such, it is expected of the February 1 budget to provide a liquidity lifeline to revive the realty sector, recently hit by the crisis in the NBFCs that have been a major source of its funding.
Metal, pharma stocks decline
Stock staged a mild recovery in early afternoon trade after an intraday slide. At 12:28 IST, the barometer index, the S&P BSE Sensex, was down 273.08 points or 0.76% at 35,752.46. The Nifty 50 index was down 92.75 points or 0.86% at 10,687.80. Stocks from metal & mining and pharma sectors declined.
HDFC ERGO launches #CamSurvey claim processing for 'Jaldi Claim' settlement
HDFC ERGO General Insurance Company, India's third-largest non-life insurance provider in the private sector, on Monday announced the launch of the first-of-its-kind #CamSurvey motor claim service, a part of the Company's 'Jaldi Claim' services.The new #CamSurvey service will help reduce the time taken to process motor claims, in selected network workshops, on the external body of the vehicle.HDFC ERGO believes that a claim is the moment-of-truth and speedy claim settlement is of utmost importance for the customer. With this in mind, the Company aims to revolutionize claim settlement processes through the 'Jaldi Claim' services which will offer quick and seamless settlement of claims.As part of the #CamSurvey service, HDFC ERGO has installed cameras in network workshops which will enable them to assess the damages to the car. The cameras will be centrally controlled and pictures will be live-streamed for inspection. The pictures will be assessed by HDFC ERGO's central team through the
Markets open on weak note, Sensex down 170 points
Indian stocks opened on a subdued note on Monday while Asian indices advanced marginally as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown.The shutdown had taken a toll on investor sentiment.At 11:00 hrs, the S&P BSE Sensex was down 182 points at 35,843 while the Nifty 50 was negative in territory by 65.5 points at 10,715.Among the losers were Adani Ports, ICICI Bank and Cipla while Zee Entertainment gained with a slight margin.Investors remained cautious over growing concerns due to worries over slowing global growth, signs of stress in corporate earnings and unresolved US-China trade battle.
Media and entertainment industry to touch $ 52.6 billion by 2022: ASSOCHAM-PwC
This is largely due to rising populations, increasing disposable incomes and new technologies which have fuelled the growth of all forms of content consumption. Television, cinema and over-the-top (OTT) services will collectively account for 46 per cent of the overall growth, said the study titled 'Video on Demand: Entertainment Reimagined.'"We are now seeing the third wave of convergence in the entertainment and media industry," said Frank D'Souza, Partner and Leader, Entertainment and Media Sector, PwC India."The five fundamental drivers of this convergent business model are uninterrupted connectivity, mobile devices becoming the primary source of content consumption, the need to move away from traditional revenue streams, value shifting from content creators to platforms, and ability to provide a personalised offering to the consumer."The PwC study said data consumption in India will grow from 71,67,103 million MB in 2017 to 10,96,58,793 million MB in 2022 at a CAGR of 72.6 per ...
'New metro rail line to boost housing demand in Noida, Greater Noida'
Housing demand and prices may rise in Noida as well as Greater Noida with the launch of a new metro rail service, linking the twin-cities in western Uttar Pradesh, according to real estate developers and consultants. The new metro rail service, called Aqua line, runs through 21 stations -- 15 of them in Noida and six in Greater Noida -- and covers a distance of 29.7 km. "The upgrading of infrastructure due to metro connectivity is expected to help in spurring the demand for residential units in the region. Also, it is expected to have positive fallout on the commercial and retail segment as well, says Abhinav Joshi, Head of Research for CBRE India. In the past also, Joshi said, metro lines have played a crucial role in uplifting the real estate profile of areas that it connects. Realtors' body CREDAI said that sectors along the Noida expressway will have better connectivity now. "Commutation will become easier from places like Noida Extension too. The market works on sentiment, and ...
Sensex, Nifty drop as losses in financials weigh
(Reuters) - Indian shares dropped on Monday, dented by financials such as ICICI Bank Ltd and State Bank of India as the IL&FS exposure still weighed, but losses were curbed by gains in Zee Entertainment Enterprises Ltd.
Tata Steel subsidiary T S Global Holdings to divest majority stake in South East Asia business
As per the agreement, the divestment will be made to a company in which 70% equity shares will be held by an entity controlled by HBIS and 30% will be held by TSGH. The agreements were signed on 28 January 2019 in Beijing, China.
Essel Propack Ltd leads gainers in 'B' group
Beardsell Ltd, Almondz Global Securities Ltd, Vishnu Chemicals Ltd and Manaksia Ltd are among the other gainers in the BSE's 'B' group today, 28 January 2019.
Jet Airways seeks shareholder nod to convert loan into shares
(Reuters) - Jet Airways Ltd said on Monday it was seeking shareholder approval for converting existing debt into shares or convertible instruments.
Global Markets: Asian shares pare gains as focus turns to crucial Sino-U.S. trade talks
TOKYO (Reuters) - Asian shares ticked up on Monday though they retreated from earlier highs as relief on news of a deal to reopen the U.S. government following a prolonged shutdown gave way to edginess before a key round of Sino-U.S. trade talks.
Saudi Aramco doubles down on S.Korea with $1.6 billion bet on 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.
Zee Entertainment Enterprises Ltd leads gainers in 'A' group
Sundaram Clayton Ltd, Gateway Distriparks Ltd, DLF Ltd and Bharti Infratel Ltd are among the other gainers in the BSE's 'A' group today, 28 January 2019.
Gati tumbles after weak Q3 outcome
Gati fell 5.90% to Rs 70.95 at 11:48 IST on BSE after consolidated net profit fell 12.29% to Rs 4.21 crore on 7.15% increase in net sales to Rs 480.56 crore in Q3 December 2018 over Q3 December 2017.
Zee MD hosted conference call on Jan 25 night
Zee MD and CEO Puneet Goenka hosted a conference call on January 25, post a steep 27 per cent decline in the share price.
Indices extend intraday slide
Fresh selling in index pivotals pulled the key benchmark indices to intraday low in mid-morning trade. At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 301.79 points or 0.84% at 35,723.75. The Nifty 50 index was down 98.85 points or 0.92% at 10,681.70
Modi seen appeasing voters, putting reforms aside in pre-election budget
NEW DELHI (Reuters) - Desperate for five more years in power, the ruling Bharatiya Janata Party-led alliance will woo rural and urban middle-class voters with farm relief measures and tax cuts, said officials privy to plans for the final budget before India's general election.
Long winter's nap? Global slowdown, market fears could extend Fed pause
WASHINGTON (Reuters) - Ebbing global growth and shaky financial markets threw the U.S. Federal Reserve off course in early 2016, and it took nearly a year for officials to regain confidence growth would continue and convince investors they would again raise interest rates.
Explainer: Key Issues, implications of U.S.-China trade talks
WASHINGTON (Reuters) - U.S.-China trade talks will reach a pivotal phase this week when Chinese Vice Premier Liu He comes to Washington for negotiations with his U.S. counterparts, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin.
Hong Kong Market gains 0.42%
Facing mounting pressure, U.S. President Donald Trump agreed on Friday to temporarily end a 35-day-old partial US government shutdown without getting the $5.7 billion he had demanded from Congress for a border wall.