Page 1223 - Business Finance
Board of Bharti Infratel approves change in directorate
At meeting held on 23 January 2019
Sensex opens 50 points higher, Nifty above 10,900
The Sensex on Friday opened 50 points higher while the Nifty reclaimed the 10,900 mark following gains in the other Asian markets.
Yes Bank extends gains after naming Ravneet Gill as new CEO
Yes Bank rose 8.39% to Rs 231.80 at 9:39 IST on BSE, extending yesterday's sharp gains triggered by RBI approval to name Ravneet Singh Gill as MD & CEO of the private sector bank.
ITI Ltd Surges 3.3%, S&P BSE Telecom index Gains 1.14%
ITI Ltd has added 18.49% over last one month compared to 2.47% fall in S&P BSE Telecom index and 2.11% rise in the SENSEX
Lakshmi Machine Works signs MoU with Govt. of Tamil Nadu
As per the MoU the Company proposes to invest Rs. 600 crore over a period until 2024 in its existing business operations. The investment funded through internal accruals would be for modernising/upgrading existing business operations of the Company in the areas of Textile Machinery, Machine Tools, Foundry castings and Aerospace products. As per the MoU, the Government of Tamil Nadu will support by extending fiscal and other incentives, infrastructural support like uninterrupted power supply and regulatory facilitation.
Rupee rises 10 paise against US dollar in early trade
Continuing its upward journey for a third straight day, the rupee strengthened by another 10 paise to 70.97 against the US dollar at the interbank forex market Friday on increased selling of the American currency by exporters and banks. Dealers said dollar's weakness against some currencies overseas and early gains in domestic equity market supported the rupee. On Thursday, the rupee had gained 26 paise to end at 71.07 against the US dollar as gains in domestic equities bolstered forex market sentiments. The benchmark BSE Sensex rallied by 253.42 points, or 0.71 per cent, to 36,448.52 in opening trade Friday. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 94.45 crore, and domestic institutional investors (DIIs) purchased shares worth Rs 389.96 crore Thursday, provisional data showed.
Shares open higher on positive global cues
Key benchmark indices were trading higher in early trade, tracking positive leads from Asian markets and overnight gains on the Wall Street. At 9:17 IST, the barometer index, the S&P BSE Sensex, was up 199.48 points or 0.55% at 36,394.58. The Nifty 50 index was up 58.30 points or 0.54% at 10,908.10.
Shares may advance on positive global signals
Market is seen opening higher tracking positive leads from Asian markets and overnight gains on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 56 points at the opening bell.
Biocon in focus after Q3 results
On a consolidated basis, Biocon's net profit rose 136.34% to Rs 217.20 crore on 45.65% increase in net sales to Rs 1540.80 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours yesterday, 24 January 2019.
Global Markets: Asia stocks firm, euro sags after dovish ECB
TOKYO (Reuters) - Asian stocks rose across the board on Friday, buoyed by gains in U.S. technology shares while investors awaited several key events next week including U.S.-China trade talks.
Oil prices rise 1 percent as U.S. threatens sanctions against Venezuela
SYDNEY/SINGAPORE (Reuters) - Oil prices rose by 1 percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted.
Oil prices jump as U.S. threatens sanctions against Venezuela
SYDNEY/SINGAPORE (Reuters) - Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted.
Global Markets: Asia stocks gain, euro struggles after dovish ECB
TOKYO (Reuters) - Asian stocks inched higher on Friday, buoyed by gains in U.S. technology shares, but gains were capped by worries over slowing growth in Europe and caution ahead of several key events next week including U.S.-China trade talks.
US can do without a deal with China: Trump
US President Donald Trump has said he was very comfortable with his current policy of slapping high-import tariff on products from China, but would like to have a trade deal with them for the benefit of intellectual property. "What we're doing with China, I think, will have a tremendous impact, if you look at the numbers that we're talking about. We'll see how that all comes out," Trump told reporters at the White House on Thursday. The president's comments come ahead of the visit of a high-level Chinese delegation next week for talks with officials of his administration. The two countries have set a deadline to resolve their differences by March 1. "We are charging tremendous tariffs now, and they go up, as of March 1st, very substantially. I think China would like to make a deal. We'd like to make a deal. I like exactly where we are right now, to be honest with you. We're very happy. We have billions of dollars coming into our Treasury -- billions -- from China. We never had 10 ...
Western Digital signals revenue rise in second half, shares climb
(Reuters) - Western Digital Corp said on Thursday it expected revenue to improve in the second half and would cut costs, after posting lower-than-expected quarterly results due to waning demand for its data storage devices used in smartphones.
Starbucks top sales forecasts as holiday drinks make comeback
(Reuters) - Starbucks exceeded Wall Street forecasts for quarterly sales on Thursday, led by the popularity of its holiday-themed drinks in the United States, where its growth has been cooling in an increasingly crowded market for coffee houses.
Mercedes-Benz to ramp up business with China auto suppliers
STUTTGART (Reuters) - Daimler AG will deepen partnerships with Chinese auto suppliers since they often lead United States and European rivals in key technologies for electric cars and connected vehicles, Mercedes-Benz executive Wilko Stark said on Thursday.
Weak Intel outlook stokes fears of a chip slowdown
(Reuters) - Intel Corp forecast current-quarter revenue and profit below analysts' estimates and missed fourth-quarter sales estimates on Thursday, hit by a slowdown in China and sluggish demand for its data centre and modem chips.
U.S., China 'miles and miles' from trade deal -Ross
WASHINGTON (Reuters) - The United States and China are "miles and miles" from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.
Embraer signs papers for Boeing tie-up, calls shareholder meeting
SAO PAULO (Reuters) - Embraer SA has signed the "master transaction agreement" for a tie-up with Boeing Co and called a shareholder assembly for Feb. 26 to approve the partnership, the Brazilian planemaker said in a securities filing on Thursday.