Page 1316 - Business Finance
Indra Nooyi being considered to lead World Bank: report
Indra Nooyi is among the candidates being considered by the White House to head the World Bank after the India-born former PepsiCo CEO's name was floated by Ivanka Trump, the president's influential daughter, a top American daily reported. Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years. She "has been courted as an administration ally by Ivanka Trump, the president's eldest daughter who is playing a role in the selection of a nominee," the The New York Times said. The report, which cited several people familiar with the process, said the decision-making process for the top post at the World Bank is "fluid and in its initial stages and early front-runners and candidates often fall off the radar, or withdraw from consideration, before the president (Donald Trump) makes his ultimate pick". It is unclear whether Nooyi would accept the nomination if chosen by the Trump administration. The first daughter, who has tweeted that she views Nooyi as .
Bengaluru IT firm Sasken opens centre in US (Lead, correcting intro)
Digital transformation provider Sasken Technologies on Wednesday said it has opened a centre for technologies in the automotive field at Detroit in Michigan state of the US.
Jet Airways (India) Ltd leads losers in 'A' group
Infibeam Avenues Ltd, Cummins India Ltd, Aditya Birla Fashion & Retail Ltd and Engineers India Ltd are among the other losers in the BSE's 'A' group today, 16 January 2019.
RBI Governor to meet associations of industry, commerce
Continuing his series of consultations with various stakeholders of the economy, Reserve Bank of India Governor Shaktikanta Das on Wednesday said he would meet the representatives from the industry and commerce on Thursday.
HT Media net profit falls 68.66% to Rs 42.91 cr in December quarter
HT Media Wednesday reported a 68.66 per cent decline in consolidated net profit at Rs 42.91 crore for the quarter ended December 31, 2018. The company had posted a consolidated net profit of Rs 136.96 crore for the December quarter of the previous financial year. Its total income stood at Rs 664.89 crore, lower as compared with Rs 681.7 crore in the same period a year ago, HT Media said in a BSE filing. HT Media's total expenses grew to Rs 637.8 crore in the third quarter of this financial year, against Rs 533.21 crore reported in the corresponding period a year ago. The company's shares were trading 1.15 per cent down at Rs 47.15 apiece on the BSE.
Zaggle Launches Expense Management Solution
/ -- An Innovative and smart platform to manage corporate expenditures, anytime, anywhere, across any device Zaggle, the leader in digital payments, employee benefits, reward & recognition, loyalty and gift cards space, launched its Expense Management Solution today. Solving one of the biggest challenges employers face, the platform provides a 100% digital and fully automated business spend management solution. The new product empowers enterprises to efficiently manage their entire expense process easily in a safe and secure manner and manage cash flows efficiently using data analytics, thus, eliminating cases of fraudulent spends and need of cumbersome paperwork. The solution delivers innovative functionalities like real-time expense reporting, smart scan, AI-powered fraud detection & prevention mechanism - all of these features will enable enterprises to efficiently take care of Travel & Expenses, Business Expenses, Petty Cash, Employee Reimbursement, and ...
Shanti Educational Initiatives Ltd leads losers in 'B' group
Trejhara Solutions Ltd, Somi Conveyor Beltings Ltd, Kavveri Telecom Products Ltd and Sastasundar Ventures Ltd are among the other losers in the BSE's 'B' group today, 16 January 2019.
Tinplate Company of India standalone net profit rises 21.50% in the December 2018 quarter
Sales rise 14.70% to Rs 576.19 crore
RBI Governor to meet industry chambers on Thursday
Reserve Bank of India (RBI) Governor Shaktikanta Das will meet industry chambers on Thursday to understand their issues and concerns. After his taking over as 25th Governor of the RBI last month, he has been holding consultations with various stakeholders including banks, non-banking financial companies and micro, small and medium enterprises. "Will meet the apex chambers/associations of industry and commerce tomorrow (17th January)," Das said in a tweet. The meeting comes ahead of the sixth bi-monthly monetary policy statement for 2018-19 scheduled to be announced on February 7. Industry has been pitching for the rate cut amid falling inflation and factory output. Continued decline in food prices pulled down retail inflation to an 18-month low of 2.19 per cent in December 2018. Another set of official data showed that the wholesale inflation also eased to an eight-month low of 3.80 per cent in December on softening fuel and food prices. The inflation based on the Consumer Price Index
Volumes jump at Godrej Agrovet Ltd counter
Godrej Agrovet Ltd saw volume of 4.77 lakh shares by 14:14 IST on NSE, a 15.4 fold spurt over two-week average daily volume of 30976 shares
One in three UN workers experienced sexual harassment in last 2 years: Survey
One in three staff and non-staff personnel at the UN experienced sexual harassment in the last two years, a new report released by the world body said, amid the global #MeToo movement against sexual harassment and assault. The confidential survey obtained information on sexual harassment across the United Nations system and related entities globally. The survey was completed by 30,364 staff and non-staff personnel from across 31 entities, representing a 17 per cent response rate overall. The survey 'Safe Space: Survey on Sexual Harassment in our Workplace' found that one in three (33 per cent) respondents reported that they had experienced at least one instance of sexual harassment in the last two years. Overall, 10,032 out of the total 30,364 respondents (33 per cent) had experienced an incident of sexual harassment in the last two years. One in five survey respondents (20.2 per cent) reported experiencing at least one type of sexual harassment prior to 2016. The overall prevalence ..
Telecom stocks rise
Key benchmark indices were hovering in positive zone in mid-afternoon trade. At 14:29 IST, the barometer index, the S&P BSE Sensex, was up 40.52 points or 0.11% at 36,358.85. The Nifty 50 index was up 9.80 points or 0.09% at 10,896.60. Telecom stocks rose.
China central bank's record $83 billion injection heightens worries over ailing economy
SHANGHAI (Reuters) - China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.
London's blue chip stocks fall as pound weighs after Brexit vote defeat
LONDON (Reuters) - Britain's blue chip stocks were lower in early deals as the stronger pound pushed multinationals lower after Prime Minister Theresa May's deal to leave the European Union suffered an overwhelming defeat and weak results from Pearson weighed.
Bengaluru IT firm Sasken opens centre in US
Digital transformation provider Sasken Technologies said it has opened a centre for technologies in the automotive field at Detroit in Michigan state of the US.
Indiabulls Integrated Services hits the roof
Indiabulls Integrated Services hit an upper circuit limit of 5% at Rs 332.05 at 14:03 IST on BSE after the company said its subsidiary received regulatory approval for life insurance business.
Gaurs group raises Rs 640 cr from PNB Housing to complete 2 projects in Gr Noida
Realty firm Gaurs group has raised Rs 640 crore from PNB Housing Finance Ltd as debt for the construction of its two ongoing projects in Greater Noida. The company would utilise the fund to complete its commercial project 'Gaur City Mall' and a housing project '7th Avenue' at Greater Noida West, also known as Noida Extension, in the National Capital Region (NCR). These two projects are part of 237-acre township 'Gaur City'. "PNB Housing Finance has been our partner and we have been working closely with them for years now. We have raised Rs 640 crore at a very competitive rate," Gaurs group MD Manoj Gaur said. Gaur City Mall project has a leasable area of 8 lakh sq ft. It also has 1,300 office spaces, 295 rooms-hotel and 120 service apartments. The 7th Avenue project has around 3,000 housing units. "We have been developing residential and commercial projects for 23 years and have delivered over 40,000 units," he said. The group is developing projects in Noida, Greater Noida West, ...
Bovis Homes sees full-year profit slightly above market view
(Reuters) - British builder Bovis Homes Group said on Wednesday it expects full-year profit to be ahead of the market consensus, as it sold more private and affordable homes and benefited from slightly higher average selling prices.
Tullow Oil hit by payment delay, but sees higher output
LONDON (Reuters) - A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production.
Pearson says cost cuts to boost savings, sees lower FY profit
(Reuters) - British education publisher Pearson said on Wednesday it expects higher savings from its cost cutting plan, while forecasting a decline in adjusted operating profit for 2018.