Page 1260 - Business Finance
Upstox Launches the High-speed Margin Trading Facility (MTF) as Fast as in 10 seconds
/ -- The fastest MTF facility simplifies the cumbersome registration process and makes it the most convenient in the industry with instant activation, zero subscription fee & low interest rates Traders and investors can get 50% with up to Rs. 5,00,000 of their margin funded at low interest rates easily and on the go by clicking on the Upstox MTF link from their laptops or cellphones The facility will help investors to double their investment potential, and meet their margin shortfall for buying more or high valued shares and also for holding on to their investments Upstox (formerly RKSV Securities), the new-age online discount broking company funded by Mr. Ratan Tata, Kalaari Capital and GVK Davix, has introduced Margin Trading Facility (MTF) which can be availed by Upstox customers real-time within seconds. This will enable investors to get instant funding anytime and anywhere to meet their margin requirements while dealing in equities. With this, Upstox simplifies the ...
HDFC Life Q3 profit rises 18 pc to Rs 246 cr
HDFC Life Tuesday reported 18.3 per cent growth in profit at Rs 245.63 crore for the third quarter ended December 31. The private sector insurer's profit stood at Rs 207.32 crore in the same quarter of 2017, HDFC Life said in a statement. Total income of the company declined to Rs 9,303.09 crore from Rs 9,684.46 crore in October-December 2017. The board appointed Niraj Ashwin Shah as Chief Financial Officer of the company with effect from March 1, 2019. During April-December period, the company maintained leadership position in terms of total new business received premium with a market share of 21 per cent in the private sector compared to 18.4 per cent in the same period of 2017-18. Total number of lives insured grew 71 per cent to 3.48 crore during the 9-month period of 2018-19. Overall new business sum assured also saw an increase of 27 per cent to Rs 4,06,943 crore during the same period.
Australia Market falls 0.54%
The International Monetary Fund cut its forecast for the world economy, predicting it will grow at the weakest pace in three years in 2019 and warning fresh trade tensions would spell further trouble. In its second downgrade in three months, the lender blamed softening demand across Europe and recent palpitations in financial markets. It predicts global growth of 3.5% this year, beneath the 3.7% expected in October and the rate in 2018.
LSE's technology to power Asian cryptocurrency platform
(Reuters) - London Stock Exchange Group said on Tuesday Hong Kong-based AAX would use its technology for cryptocurrency trading, allowing the British exchange operator enter a nascent yet highly speculative industry.
Nissan to drive in Leaf EV in India later this year
Japanese auto major Nissan Motor Co Tuesday said it will launch its electric car Leaf in India this year as it seeks to take the lead in electric vehicles (EV) drive in the country. The company is also looking at other eco-friendly technologies such as its e-Power vehicles and hybrids for the country. "Leaf is a proof-point (that) we want to bring in India because this is a direction of leadership in EV, we have in the world," Nissan Motor Co Senior Vice President and Chairman of management committee for Africa, Middle East and India Peyman Kargar told reporters here during an interaction. He further said besides the Leaf, Nissan also has plans to bring other electric vehicles to India in future. "We want to have this solution (Leaf) in our portfolio and in the product line up. It will not be the only electric vehicle in (our) India plan," Kargar said, adding "we are not calculating how many numbers to sell". Nissan sold around 3.5 lakh units of Leaf globally in 2018. Elaborating on ..
UBS won't take lead in consolidating European bank sector - Weber
ZURICH (Reuters) - Switzerland's UBS Group will not take the lead in consolidating a fragmented European bank sector, Chairman Axel Weber said on Tuesday.
NMDC may tie up with Stamico for mineral exploration in
State-owned NMDC Limited which is currently developing a gold mine and is in the process of setting up a pilot gold refining facility in Tanzania is likely to enter into a MoU with that country's State Mining Corporation (Stamico), for mineral exploration there, sources said. NMDC is holding four mining licences covering over 38. 8 square kilometres in Tanzania. NMDC has carried out some portion of exploration work and completed it. The Indian miner is also putting up a four-tonne per hour capacity processing plant in the African country. "A high-level delegation from NMDC and the Ministry of Steel met the directors of Tanzania State Mining Development Corporation in the recent visit to Tanzania. Both the parties have shared their knowledge with each other," sources told PTI. Tanzania is ready to make a JV or some sort of understanding with NMDC for developing new mines there. As NMDC has vast knowledge of mineral development, they want to collaborate with us. Stamico ..
EU fines Mastercard 570 mln euros in anti-trust action
The European Union has fined global credit card giant Mastercard 570 million euros ($647 million) for hindering competition with banks offering cheaper payment fees. "By preventing merchants from shopping around for better conditions offered by banks in other member states, Mastercard's rules artificially raised the costs of card payments, harming consumers and retailers," competition commissioner Margrethe Vestager said.
Meenakshi Group launches $10-million startup fund
Meenakshi Group, one of India's leading IT Park developers, Tuesday announced the creation of $10-million startup fund called "Meenakshi Multiples" to invest in promising startups.
Quick Wrap: Nifty Metal Index declines 2.21%
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Remy aims to reassure over China concerns as sales rise
PARIS (Reuters) - French spirits group Remy Cointreau posted stronger-than-expected third quarter sales and struck a confident note over its prospects in China, even as increasing signs of a slowdown in that country have started to hit global markets.
Insight: 'Fill or kill': the three weeks that saved Sears
NEW YORK (Reuters) - The future of Sears Holdings Corp and tens of thousands of its employees across the United States hung in the balance in the freezing predawn hours last Wednesday, as Wall Street lawyers and bankers sparred over the fate of the beleaguered retailer in a 50-story Manhattan office tower.
Ex-Nissan chief's bail denied again
A Tokyo court on Tuesday rejected another bail request filed by former Nissan Motors chairman Carlo Ghosn, despite assuring prosecutors that he would wear a monitoring device and stay in Japan.This is the second time Ghosn's defence team had applied for the plea. The 64-year-old business magnate had pleaded to wear the electronic tag, give up his passport and pay for security guards approved by the prosecutors to secure his release, NHK reported.In his first appeal last year, Ghosn said that he would stay in France and would travel to Tokyo for hearing. However, his request was reportedly denied to protect the investigation from the risk of evidence tampering.On January 11, Ghosn was indicted for the second time since he was arrested on November 19 last year on charges of financial misconduct.The Brazilian-Lebanese businessman has been charged by Japanese prosecutors for temporarily transferring personal investment losses to Nissan and understating his income between 2010 and ...
UNYDE - Internet of Places - technology innovation in offline retail
UNYDE is a business intelligence organization that started operations in June 2018. Within a short span of six months for this early age start-up, UNYDE raised an undisclosed investment from marquee HNI & Angel investors.With the agenda of bringing online like technology to the physical retail, it is partnering with businesses and brands- enabling them to drive their consumers' experience by creating a platform to engage with their offline visitors.UNYDE uses proximity-based technology for detailed analytics and information about consumers' offline buying behaviors, purchase patterns, history, preferences etc. This helps brands share context-rich, accurate and location-specific information to their targeted consumers.Through UNYDE's wide offerings and feature rich platform, it aims to offer brands with actionable insights and better understanding of their consumers offline journey, which in turn helps them increase walk-ins, sales and revenue. UNYDE is leading innovations in ...
India's insurance sector set to mark strong growth: Moody's
Robust GDP expansion, coupled with current low insurance penetration, should support double digit growth for the non-life sector over the next three to four years, it said.During fiscal 2018, total gross premiums for the non-life and life insurance sectors grew 11.5 per cent to Rs 6.1 trillion (94 billion dollars), bringing the five-year compound annual growth rate (CAGR) to 11 per cent, Moody's said in the report titled "Insurance -- India: Continued regulatory evolution is credit positive for India's insurance sector."India's (sovereign rating: Baa2, Stable) real GDP is expected to expand by 7.4 per cent and 7.3 per cent in fiscal 2019 and 2020, making the Indian economy one of the world's fastest-growing."The Insurance Regulatory and Development Authority of India (IRDAI) is proactively introducing regulations that will support insurers' balance sheets and improve their access to capital, a credit positive," said Mohammed Londe, a Moody's Assistant Vice President and ...
Surging labour market boosts UK economy ahead of Brexit
LONDON (Reuters) - British workers saw their pay grow at the fastest pace in over 10 years and employment jumped much more than expected in the three months to the end of November, contrasting with other signs of an economic slowdown ahead of Brexit.
Exclusive: Tesla holds battery supply talks with China's Lishen
BEIJING (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc has held talks with China's Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement.
Working to resolve issues raised in Sebi show cause notice: Raymond
Textiles major Raymond on Tuesday said it is working with its legal advisors to resolve the issues raised in the show cause notice to the company served by market regulator Securities and Exchange Board of India (Sebi).
Reliance Nippon Life Asset posts Rs.110 crore net for Q3
Reliance Nippon Life Asset Management (RNAM), asset manager of Reliance Mutual Fund, on Tuesday said it closed the third quarter of the current fiscal with a net profit of about Rs 110 crore.
Allot land for Indian Oil's textile project: Pradhan to Odisha CM
Union Petroleum Minister Dharmendra Pradhan has urged Odisha Chief Minister Naveen Patnaik to order the allocation of 75 acres of land to Indian Oil for its textile project in Bhadrak for manufacturing polyester yarn.