Page 1318 - Business Finance

Futuristic Solutions reports standalone net profit of Rs 1.01 crore in the December 2018 quarter

Sales rise 18900.00% to Rs 3.80 crore

Tata Metaliks standalone net profit declines 1.78% in the December 2018 quarter

Sales rise 11.53% to Rs 546.37 crore

ICICI Securities consolidated net profit declines 34.28% in the December 2018 quarter

Sales decline 18.04% to Rs 404.75 crore

Reckitt Benckiser's Rakesh Kapoor to retire as CEO 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.

Gold up by Rs 87 in futures trade

Gold prices rose by Rs 87 to Rs 30,859 per 10 gram in futures trading Wednesday as speculators widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 87, or 0.27 per cent, to Rs 30,859 per 10 gram, in a business turnover of 676 lots. Similarly, the April rate of the precious metal was up by Rs 88, or 0.27 per cent, at Rs 32,391 per 10 gram, with a business volume of 115 lots. Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe haven, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in Singapore.

WebEngage's retention marketing conference EngageMint successfully concludes second edition in Bangalore

The city of Bengaluru is no stranger to marketing conferences and conventions. Popularly regarded as the Silicon Valley of Asia, it is a massive technology hub that houses both global economic behemoths and monster-growth startups denting the ecosystem.It was, therefore, a logical choice for Bengaluru to play host to the second edition of the EngageMint conference. 150+ representatives from 75+ companies descended down on Taj West End, the venue for WebEngage's flagship retention marketing initiative.EngageMint Bangalore 2018 retained the theme from their inaugural event, which was "Stop Marketing, Start Engaging". The event centered around understanding the nuances of marketing powered by User Retention & Engagement featuring 8 sessions led by 11 charismatic business leaders and entrepreneurs making waves in consumer businesses.What makes EngageMint so unique is the fact that it explores the realm of Customer Retention, unlike other marketing events that are focused squarely on ..

Etihad offers to invest in Jet Airways at 49 pct discount - report

MUMBAI (Reuters) - Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 percent discount and to immediately release $35 million to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.

Muted open seen for Britain's FTSE 100 after PM May's Brexit deal crush

LONDON (Reuters) - Britain's top share index was expected to have a muted start on Wednesday, edging slightly up after lawmakers defeated Prime Minister Theresa May's deal to leave the European Union by a crushing margin, deepening market uncertainty.

Oil holds ground as OPEC-led supply cuts keep tighter market hopes alive

SINGAPORE (Reuters) - Oil prices were steady on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts can tighten market fundamentals offset signs of a global economic slowdown.

Denmark's DSV floats roughly $4 billion bid for Switzerland's Panalpina

ZURICH (Reuters) - Denmark's DSV launched a bid to buy Swiss logistics company Panalpina for around 4 billion Swiss francs ($4.05 billion), according to Reuters calculations, after pressure from an activist investor for Panalpina to do a deal.

European car sales drop 8.7 percent in December - ACEA

MILAN (Reuters) - European car registrations fell 8.7 percent year-on-year in December, with sales at all major carmakers except Daimler and Jaguar Land Rover contracting as the introduction of tougher new emissions tests continued to weigh on demand.

Positive market breadth

Volatility struck bourses in early afternoon trade as the key benchmark indices once again regained positive zone after sliding in negative zone in mid-morning trade. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 54.48 points or 0.15% at 36,372.81. The Nifty 50 index was up 18.95 points or 0.17% at 10,905.75. Shares of index heavyweight Reliance Industries rose. Most realty stocks gained.

Board of Indag Rubber decides to sublease facility at Bhiwadi (Rajasthan)

At meeting held on 15 January 2019

Britain's FTSE 100 seen lower after PM May's Brexit deal crush

LONDON (Reuters) - Britain's top share index was expected to open slightly lower on Wednesday after lawmakers defeated Prime Minister Theresa May's deal to leave the European Union by a crushing margin overnight, deepening political and market uncertainty.

Global Markets: Global shares weather May's Brexit debacle, pound steadies

TOKYO (Reuters) - Global share markets and the sterling weathered a UK political storm as investors wagered that London will have no choice but to delay its Brexit deadline to avoid a disorderly exit from the European Union.

Japan Nikkei falls on profit booking

ECONOMIC NEWS: Japan core machine orders were roughly flat on month in November, the Cabinet Office said on Wednesday, down sharply from 7.6 percent in October. On a yearly basis, core machine orders added 0.8 percent, exceeding expectations for 0.2 percent following the 4.5 percent increase in the previous month.

Speciality Restaurants Ltd leads gainers in 'B' group

Nahar Industrial Enterprises Ltd, LEEL Electricals Ltd, Ansal Properties & Infrastructure Ltd and BSL Ltd are among the other gainers in the BSE's 'B' group today, 16 January 2019.

Snapchat's CFO resigns after 8 months of appointment

The Chief Financial Officer (CFO) of photo-messaging app Snapchat, Tim Stone, has called it quits after just eight months of being appointed at the post.

Graphite India Ltd leads gainers in 'A' group

HEG Ltd, Gateway Distriparks Ltd, Dilip Buildcon Ltd and Meghmani Organics Ltd are among the other gainers in the BSE's 'A' group today, 16 January 2019.

Gold holds firm on failed Brexit vote, Fed rate hike pause hopes

BENGALURU (Reuters) - Gold held steady on Wednesday, supported by uncertainty around Brexit, after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union, and hopes for a rate hike pause by the U.S. Federal Reserve.