Page 1263 - Business Finance

Jindal Steel & Power Ltd melts nearly 5%

Jindal Steel & Power Ltd is quoting at Rs 137.05, down 5.02% on the day as on 13:19 IST on the NSE. The stock tumbled 52.86% in last one year as compared to a 1.74% slide in NIFTY and a 31.05% fall in the Nifty Metal index.

Coal India Ltd down around 1%

Coal India Ltd is quoting at Rs 226.6, down 1.05% on the day as on 13:19 IST on the NSE. The stock tumbled 22.69% in last one year as compared to a 1.74% slide in NIFTY and a 31.05% fall in the Nifty Metal index.

Zee Entertainment Enterprises Ltd stays slippery

Zee Entertainment Enterprises Ltd is quoting at Rs 426.25, down 2.38% on the day as on 13:19 IST on the NSE. The stock tumbled 28.62% in last one year as compared to a 1.74% slide in NIFTY and a 34.04% fall in the Nifty Media index.

Indiabulls Ventures Ltd eases more than 2%

Indiabulls Ventures Ltd is quoting at Rs 362, down 2.18% on the day as on 13:19 IST on the NSE. The stock tumbled 25.09% in last one year as compared to a 1.74% slide in NIFTY and a 4.05% spurt in the Nifty Financial Services index.

Sensex down 200 points, Auto stocks shed 1%

The Sensex shed over 200 points during the afternoon trade session on Tuesday over negative global cues.

Castor seed prices rise Rs 4 on demand uptick

Castor seed prices rose by Rs 4 to Rs 5,374 per quintal in futures trade Tuesday after investors widened their bets amid firm trends. At the National Commodity and Derivatives Exchange, castor seed for April was trading higher by Rs 4, or 0.07 per cent, at Rs 5,374 per quintal, clocking an open interest of 997 lots. Apart from rising demand from consuming industries, short position of stocks in the spot markets mainly led to the rise in castor seed futures, marketmen said. However, March contracts remained flat at Rs 5,290 per quintal.

Gold extends gains on jewellers' buying

Gold firmed up by Rs 125 to Rs 33,325 per 10 grams on Tuesday, largely on the back of sustained wedding season buying by jewellers even as it weakened to near three-week lows overseas. Silver, however, turned weak due to reduced offtake by coin makers and consuming industries and lost Rs 250 to Rs 39,850 per kg. Persistent buying by local jewellers, triggered by the ongoing wedding season, kept gold prices higher, bullion traders said. Globally, gold fell 0.13 per cent to USD 1,278.90 an ounce in New York as a firmer dollar made bullion more expensive for buyers using other currencies. Silver also eased by 0.46 per cent to USD 15.26 an ounce In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 125 each to Rs 33,325 and Rs 32,175 per 10 grams, respectively. The yellow metal had gained Rs 40 on Monday. Sovereign, however, remained unaltered at Rs 25,500 per piece of eight grams on scattered enquiries. In contrast, silver ready prices dropped by Rs 250 ..

Foxconn says there is a need to hire 50,000 people in first quarter after job cut reports

TAIPEI (Reuters) - Taiwan's Foxconn, assembler of Apple Inc's iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid reports of mass lay-offs across its factories in China.

TVS Motor Company Q3 net rises 15 pc to Rs 178 crore

TVS Motor Company Tuesday reported 15.57 per cent increase in standalone net profit at Rs 178.39 crore for the third quarter ended December 31, 2018. The company had posted a net profit of Rs 154.35 crore in the year-ago quarter. During the reported three-month period, revenue from operations was at Rs 4,663.98 crore, up 26.09 per cent as against Rs 3,698.67 crore in the year-ago quarter. The overall two-wheeler sales of the company, including exports, grew 18.9 per cent to 9.50 lakh units from 7.99 lakh units in the quarter ended December 2017. Motorcycle sales grew 20.3 per cent to 3.78 lakh units in the reported quarter from 3.14 lakh units in the year-ago period. Scooter sales rose 31.7 per cent to 3.54 lakh units from 2.69 lakh units in the quarter ended December 2017. Total exports of the Chennai-based company increased 25.8 per cent to 1.77 lakh units during the reported quarter from 1.40 lakh units in the year-ago period. Total three-wheeler sales grew 47 per cent to 0.40 lakh

Japan's convenience stores to ditch porn mags ahead of Olympics

Japan's omnipresent convenience stores are preparing to stop selling pornographic magazines before waves of tourists visit the nation for the Olympic Games and the Rugby World Cup. Industry leader 7-Eleven said Tuesday it would phase out sales of "adult" magazines by this summer, just ahead of the world rugby showcase starting in September, after its rival Lawson announced a similar plan on Monday. The decisions came as Japan's ubiquitous convenience stores serve more women and families with young children, as well as waves of tourists visiting the country in record numbers. At Japan's 24-hour convenience stores, customers can buy everything from warm meals to concert tickets, pay utility bills, and send and receive parcels. But tourists are often surprised to see adult magazines openly available on low shelves. The decision by the two major chains, coming after similar moves by smaller rivals, "is aimed at avoiding giving a bad impression" to foreigners during the World Cup and ...

Gatwick drone disruption cost easyJet nearly $20 million

LONDON (Reuters) - EasyJet lost 15 million pounds ($19.3 million) in the 36 hours of travel chaos sparked by drones flying into London's Gatwick Airport in December, the budget airline said on Tuesday.

Vijaya Bank slips for fifth straight session

Vijaya Bank is quoting at Rs 45.3, down 1.63% on the day as on 13:19 IST on the NSE. The stock tumbled 18.67% in last one year as compared to a 1.74% slide in NIFTY and a 21.37% fall in the Nifty PSU Bank index.

Steel Authority of India Ltd eases for fifth straight session

Steel Authority of India Ltd is quoting at Rs 47.95, down 2.84% on the day as on 13:19 IST on the NSE. The stock tumbled 50.49% in last one year as compared to a 1.74% slide in NIFTY and a 31.05% fall in the Nifty Metal index.

NMDC Ltd down for fifth straight session

NMDC Ltd is quoting at Rs 90, down 0.28% on the day as on 13:19 IST on the NSE. The stock tumbled 39.78% in last one year as compared to a 1.74% slide in NIFTY and a 31.05% fall in the Nifty Metal index.

PVR Ltd slips for fifth straight session

PVR Ltd is quoting at Rs 1607.75, down 0.44% on the day as on 13:19 IST on the NSE. The stock jumped 5.13% in last one year as compared to a 1.74% slide in NIFTY and a 34.04% fall in the Nifty Media index.

Jagran Prakashan Ltd drops for fifth straight session

Jagran Prakashan Ltd is quoting at Rs 110.05, down 0.09% on the day as on 13:18 IST on the NSE. The stock tumbled 50.79% in last one year as compared to a 1.74% slide in NIFTY and a 34.04% fall in the Nifty Media index.

Infibeam Avenues Ltd slips for fifth straight session

Infibeam Avenues Ltd is quoting at Rs 43.45, down 1.25% on the day as on 13:19 IST on the NSE. The stock tumbled 70.61% in last one year as compared to a 1.74% slide in NIFTY and a 13.81% spurt in the Nifty IT index.

GlaxoSmithkline Consumer Healthcare Ltd eases for fifth straight session

GlaxoSmithkline Consumer Healthcare Ltd is quoting at Rs 7187.9, down 0.35% on the day as on 13:19 IST on the NSE. The stock tumbled 25.09% in last one year as compared to a 1.74% slide in NIFTY and a 9.24% spurt in the Nifty FMCG index.

Meenakshi Group sets up USD 10 mn fund for startups

: Meenakshi Group, a city- based IT park developer, Tuesday said it has set up USD 10 million startup fund called "Meenakshi Multiples" to invest in promising startups. Mahesh Katragadda, director of Meenakshi Group in a press release said they are targeting to invest USD 10 million over the next three years. "We're going to look at startups solving very specific problems, with potential to scale in the future," he said. "Meenakshi Multiples" announced its first investment by picking up six per cent equity in the city-based based co-working venture 'iKeva' for an undisclosed sum.

Bank of Baroda down for fifth straight session

Bank of Baroda is quoting at Rs 114.4, down 1.76% on the day as on 13:19 IST on the NSE. The stock tumbled 33.93% in last one year as compared to a 1.74% slide in NIFTY and a 0.17% spurt in the Nifty Bank index.