Page 1204 - Business Finance
China Market extends gain; downbeat industrial profit data caps gain
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.
Japan Stocks fall on profit booking; eyes on US-China trade talks and Fed meeting
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.
Market drops in volatile early trade
Volatility struck bourses in early trade as the key benchmark indices sink in the red after opening in the positive zone. At 9:30 IST, the barometer index, the S&P BSE Sensex, was down 138.20 points or 0.38% at 35,887.34. The Nifty 50 index was down 58.30 points or 0.54% at 10,722.25. The Sensex dropped below the psychological 36,000 mark in early trade.
L&T will be watched after Q3 results
On a consolidated basis, net profit of Larsen & Toubro (L&T) rose 37.02% to Rs 2041.62 crore on 24.22% rise in net sales to Rs 35708.87 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours on Friday, 25 January 2019.
Market may open higher
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 28 points at the opening bell.
Zee Entertainment spurts after clarification
Zee Entertainment Enterprises rose 8.36% to Rs 346.05 at 11:19 IST on BSE, following the company issuing a clarification on Sunday, 27 January 2019.
Volumes spurt at Zensar Technologies Ltd counter
Zensar Technologies Ltd notched up volume of 3.94 lakh shares by 10:48 IST on BSE, a 53.72 fold spurt over two-week average daily volume of 7336 shares
Adani Ports & Special Economic Zone Ltd Slides 13.01%, S&P BSE India Infrastructure index Drops 1.84%
Adani Ports & Special Economic Zone Ltd has lost 15.62% over last one month compared to 7.02% fall in S&P BSE India Infrastructure index and 0.15% drop in the SENSEX
L&T jumps after strong Q3 results
Larsen & Toubro rose 2.78% to Rs 1321.30 at 9:37 IST on BSE after consolidated net profit rose 37.02% to Rs 2041.62 crore on 24.22% rise in net sales to Rs 35708.87 crore in Q3 December 2018 over Q3 December 2017.
Larsen & Toubro Ltd Spikes 2.34%, S&P BSE Capital Goods index Rises 1.16%
Larsen & Toubro Ltd has lost 8.58% over last one month compared to 7.53% fall in S&P BSE Capital Goods index and 0.25% drop in the SENSEX
Zee Entertainment rebounds as company denies demonetisation-linked deposits
(Reuters) - Shares of Zee Entertainment Enterprises Ltd clawed back on Monday from a 33.5 percent plunge in the previous session, after the company denied any role in demonetisation-related transactions that are being probed by an Indian watchdog.
Vale suspends dividends, buybacks and bonuses after Brazil dam disaster
SAO PAULO (Reuters) - Vale SA, the world's largest iron ore miner, suspended its planned shareholder dividends, share buybacks and executive bonuses in light of a deadly tailings dam disaster in Brazil, according to a securities filing late on Sunday.
Suu Kyi to investors: Myanmar is open for business
NAYPYITAW (Reuters) - Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms.
China's industrial profits shrink again in December on weak prices, demand
BEIJING (Reuters) - Earnings at China's industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted U.S.-Sino trade war.
SEC probes Nissan over U.S. executive pay - Bloomberg
(Reuters) - Nissan Motor Co is facing an investigation by the Securities and Exchange Commission (SEC) if the automaker accurately disclosed its executive pay in the United States, Bloomberg reported, citing sources.
Rupee rises 19 paise to 70.98 vs USD in opening trade
The rupee appreciated by 19 paise to 70.98 against the US dollar in opening trade Monday, driven by weakening of the greenback in overseas markets and easing crude prices. The rupee opened strong at 70.99 at the interbank forex market then gained further ground and touched 70.98 amid easing crude prices, displaying gains of 19 paise against the greenback over its last close. The rupee Friday weakened by 10 paise to close at 71.17 against the US dollar. Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee, while a lower opening in domestic equity market restricted the uptrend. Brent crude, the global benchmark, was trading lower at per 61.36 barrel lower by 0.45 per cent. Meanwhile, the benchmark BSE Sensex was trading lower by 180.02 points, or 0.50 per cent to quote at 35,845.52 while the NSE Nifty was trading at 10,719.85, down 60.70 points, or 0.56 per cent. Forex traders said, fresh foreign fund inflows also supported ...
China's Didi, BAIC set up joint venture to work on NEV projects
BEIJING (Reuters) - China's Didi Chuxing said it had set up a joint venture (JV) with Beijing Electric Vehicle Co., a unit of state-owned BAIC, to work on new energy vehicle and artificial intelligence projects.
China's December industrial profits shrink again on weak demand, trade headwinds
BEIJING (Reuters) - Earnings at China's industrial firms shrank for a second straight month in December on slowing prices and sluggish factory activity, piling more pressure on an economy in the grips of its slowest growth in nearly three decades.
Saudi Aramco doubles down on South 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.
US removes Russian aluminium firm from sanctions list
The US removed a Russian aluminium company from its sanctions list after a blacklisted billionaire and close ally of President Vladimir Putin delivered on a promised plan to divest his majority ownership stake, the Treasury Department said here.