Page 1317 - Business Finance
Diploma names ex-Compass Group finance director as CEO
(Reuters) - Technical products and services provider Diploma Plc on Wednesday named Johnny Thomson, former finance chief at FTSE 100 firm Compass Group Plc, as its new chief executive officer.
Secure Trust to halt new residential mortgages as housing market cools
(Reuters) - Secure Trust Bank Plc said on Wednesday that it would look to stop taking on new residential mortgages in the face of stiff competition and a cooling housing market in Britain.
Spot demand lifts zinc futures by 1.36 pc
Zinc prices inched up by 1.36 per cent to Rs 178.70 per kg in the futures market Wednesday, as traders created fresh positions following upsurge in demand in the spot markets. At the Multi Commodity Exchange, zinc to be delivered in February was trading higher by Rs 2.40, or 1.36 per cent, to trade at Rs 178.70 per kg in a business turnover of 1,079 lots. Market attributed the rise in zinc futures to a pick-up in demand from consuming industries in the spot market amid a firm trend in base metals in global market.
Orient Electric looks to double premium fans' sale in 2019
Orient Electric, part of the CK Birla Group, is looking at doubling the sale of its premium fans in 2019 as it launches innovative products to tap growing consumer demand. The company, which on Wednesday launched its first internet of things (IoT)-enabled smart fan 'Aeroslim' with energy saving inverter technology, said premium fans account for over 10 per cent of its total fan sales. Orient Electric also launched four products under lifestyle series. "We are looking at doubling sale of premium fans in 2019 over the last year. We have been witnessing increase in customer demand for premium fans," Orient Electric, Senior Vice President and Business Head - Fans, Atul Jain told reporters. "We have emerged as a dominant player in the premium fans segment in the last two years and with the launch of Aeroslim fan and our recent launch of lifestyle series of fans, we are hopeful of gaining a stronger foothold in the segment. We presently have more than 40 per cent market share in the premium
Reckitt Benckiser CEO Kapoor to retire by end of 2019
(Reuters) - British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by the end of 2019 after more than eight years at the helm and more than three decades with the company.
Sensex up 100 points led by banking stocks
Amid mixed global cues, the benchmark Sensex advanced over 100 points during Wednesday's afternoon trade session following lower trade deficit and cooling of inflation.
Aluminium futures up 0.64% on spot demand, global cues
Aluminium prices inched up by 0.64 per cent to Rs 133.40 per kg in the futures trade on Wednesday, as speculators created fresh positions amid rising spot demand and positive trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February edged up by 85 paise, or 0.64 per cent, to Rs 133.40 per kg in 477 lots. Analysts said building up positions by participants on the back of rising demand from consuming industries in the physical markets coupled with positive global cues, attributed to the rise in aluminium prices.
Paras Healthcare investing Rs 500 cr to add 830 beds in 2019
Hospital chain Paras Healthcare is investing Rs 500 crore to add 830 beds in 2019, a top company official said Wednesday. The company has hospitals in Gurugram, Patna, Darbhanga and Panchkula. "We are investing Rs 500 crore to add 830 beds in 2019 across our three hospitals. This includes 232 beds in our Panchkula hospital which we have just opened," Paras Healthcare Managing Director Dharminder Nagar told PTI. The multi-speciality hospital in Panchkula is a part of the company's expansion plan for the year, he added. The company will also be opening a hospital in Ranchi with 350 beds during the year and will be adding 250 beds in another hospital, Nagar said without disclosing the location of the hospital. The hospital in Ranchi is being set up in partnership with Heavy Engineering Corporation (HEC), he added. When asked how the company is funding the expansion, Nagar said: "This is mainly through equity which we have raised. The company had raised USD 42 million (around Rs 275 ...
Network 18 Media & Investments Ltd in demand
Network 18 Media & Investments Ltd is quoting at Rs 41.1, up 1.73% on the day as on 12:48 IST on the NSE. The stock is down 28.52% in last one year as compared to a 1.23% fall in NIFTY and a 29.55% fall in the Nifty Media index.
Tata Global Beverages Ltd jumps
Tata Global Beverages Ltd is quoting at Rs 218.25, up 1.84% on the day as on 12:49 IST on the NSE. The stock is down 30.39% in last one year as compared to a 1.23% spurt in NIFTY and a 14.16% spurt in the Nifty FMCG index.
Dilip Buildcon intimates of declaration of appointed date for road project in Andhra Pradesh
Powered by Capital Market - Live News
Chevron, Total and Reliance join oil blockchain platform Vakt
LONDON (Reuters) - Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.
Oil firm as supply cuts point to tighter market despite weakening economy
SINGAPORE (Reuters) - Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown.
Danish freight firm DSV floats $4 billion bid for Panalpina
ZURICH/COPENHAGEN (Reuters) - Danish freight company DSV has launched a bid to buy Swiss rival Panalpina for around 4 billion Swiss francs ($4.1 billion) after pressure from an activist investor for Panalpina to do a deal.
India's soymeal sales to Iran surge to offset rupees-for-oil imbalance
MUMBAI (Reuters) - India's soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the country's ability to import necessities.
Gross office space leasing touches all-time high of 48 mn sq ft in 2018: C&W
Gross leasing of office space hit an all-time high of 48.1 million sq ft in 2018 across eight major cities on higher demand from domestic and global corporates as well as co-working operators, according to property consultant Cushman & Wakefield. The gross leasing of office space stood at 41 million sq ft in 2017. The cities tracked by the consultant are Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Ahmedabad. "India's office market hits an all-time high with leasing activity scaling 48 million sq ft, as forecasted by us earlier during 2018. It signals the strength and resilience of the commercial markets as well as the continued positive business momentum that carried us through the year," said Anshul Jain, country head and managing director, Cushman & Wakefield (C&W) India. Co-working players took on lease nearly 5 million sq ft, highest ever, of office space during last year. Nearly 30 per cent of gross leasing volumes came in the form of ...
Bank of India gains for third consecutive session
Bank of India is quoting at Rs 105.9, up 1.73% on the day as on 12:49 IST on the NSE. The stock is down 35.7% in last one year as compared to a 1.23% spurt in NIFTY and a 13.63% spurt in the Nifty PSU Bank index.
D B Corp Ltd up for third straight session
D B Corp Ltd is quoting at Rs 181.9, up 1.37% on the day as on 12:49 IST on the NSE. The stock is down 51.04% in last one year as compared to a 1.23% slide in NIFTY and a 29.55% slide in the Nifty Media index.
IDFC Bank Ltd spurts 4.46%, up for third straight session
IDFC Bank Ltd is quoting at Rs 49.15, up 4.46% on the day as on 12:49 IST on the NSE. The stock is down 19.09% in last one year as compared to a 1.23% gain in NIFTY and a 4.76% gain in the Nifty Bank index.
Sanghi Corporate Services reports standalone net profit of Rs 0.05 crore in the December 2018 quarter
Reported sales nil