Page 1328 - Business Finance
China Market rises on China stimulus pledges
Risk appetite buying in the Mainland China market today bolstered after senior economic leaders, briefing reporters Tuesday on the outcome of an annual policy-setting meeting last month, pledged to keep the monetary policy of the world's No. 2 economy flexible but stable and to support growth with improved access to financing for private and smaller enterprises. The assurances came as China weathers its worst slowdown since the global financial crisis amid a punishing tariffs dispute with the U.S.
Tainwala Chemicals & Plastics (India) Ltd leads losers in 'B' group
Country Condos Ltd, Essar Shipping Ltd, N K Industries Ltd and Steel Exchange India Ltd are among the other losers in the BSE's 'B' group today, 15 January 2019.
Australia Stocks rises on China stimulus boosts
Risk appetite buying in the Sydney market today bolstered after the China's National Development and Reform Commission said in a statement that China will strengthen monitoring of its economic situation and improve its "reserve" of economic policies.
Volumes soar at Gujarat Gas Ltd counter
Gujarat Gas Ltd clocked volume of 26.41 lakh shares by 14:14 IST on NSE, a 148.73 times surge over two-week average daily volume of 17755 shares
Coriander futures rise 0.29% on spot demand
Coriander prices rose by 0.29 per cent to Rs 6,680 per quintal in futures market Tuesday as participants built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions weighed on coriander futures. At the National Commodity and Derivatives Exchange, coriander for April edged higher by Rs 19, or 0.29 per cent, to Rs 6,680 per quintal with an open interest of 27,850 lots. Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position. On similar lines, the delivery for May was trading higher by Rs 5, or 0.07 per cent, to Rs 6,742 per quintal with an open interest of 1,520 lots.
Indices extend gains
Key indices extended gains and hit fresh intraday high in mid-afternoon trade. At 14:29 IST, the barometer index, the S&P BSE Sensex, was up 406.79 points or 1.13% at 36,260.35. The Nifty 50 index was up 126.15 points or 1.17% at 10,863.75. Gains were triggered on hopes of interest rate cut by RBI after latest data revealed that retail inflation as dropped sharply in December. Positive global stocks also boosted sentiment.
Chana futures fall 0.3% on muted demand
Chana prices declined by 0.3 per cent to Rs 4,297 per quintal in futures trade on Tuesday after participants reduced their exposure amid subdued demand at spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, chana for delivery in March was trading lower by Rs 13, or 0.3 per cent, at Rs 4,297 per quintal with an open interest of 40,230 lots. The April rate also fell by Rs 16, or 0.37 per cent, to Rs 4,330 per quintal with an open interest volume of 9,030 lots. Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to the fall in chana prices at futures trade here.
Japan Nikkei rises to nearly a one-month high
Risk appetite buying in the Tokyo market today bolstered after the China's National Development and Reform Commission said in a statement that China will strengthen monitoring of its economic situation and improve its "reserve" of economic policies. The stimulus from the China's spurred a positive movement in most of the markets, following an unexpected fall in China's December exports and imports.
Sensex surges over 340 points on expectations of rate cut
Sensex surged over 340 points during the afternoon session of the trade on Tuesday as lower inflation figures gave way to expectations of an ease in the monetary policy by the central bank.
ANMI Seeks SRO Status, a Greater say in Policy Making for the Broking Industry
/ -- Broking body seeks its due recognition as a partner in India's progress; also, recognition as the first-level regulator for brokers, at the 10th International Convention on Capital Markets Urges government to engage in healthy discussions with the broking industry on important policy decisions and tax framework Association of National Exchanges Members of India (ANMI), the leading pan India body of around 900 stock brokers, is seeking an active role alongside the government and the market regulator Securities and Exchange Board of India (SEBI), in policymaking for the Capital Markets. During its '10th International Convention on Capital Markets' held on January 12th, 2019 in Mumbai, ANMI urged the Government to allow it the status of a Self-Regulatory Organisation or a SRO. The ANMI convention, which was based on the theme of 'Capital Markets in the Age of Disruption', provided a global interactive forum to the industry representatives from India and world over to take a stock ..
Castor seed futures slide Rs 30 per quintal
Castor seed prices softened by Rs 30 to Rs 5,210 per quintal in futures trade Tuesday, as operators reduced holdings amid negative physical lead. Marketmen said trimming of positions by participants in line with weak trend at spot markets on mounting stocks following relentless arrivals from growing bets against slackened demand from consuming industries, led to the fall in castor seed prices in futures trade here. At the National Commodity and Derivatives Exchange, castor seed for the most-traded delivery in January slipped by Rs 30 or 0.57 per cent to Rs 5,210 per quintal, clocking an open interest of 700 lots. The rates for March also shed Rs 28 or 0.52 per cent to Rs 5,340 per quintal, revealing an open interest of 10,600 lots.
Hindustan Media Ventures' Q3 profit down 25 pc to Rs 29 cr
Hindustan Media Ventures Ltd (HMVL) Tuesday reported 25.40 per cent decline in net profit to Rs 29.16 crore for the third quarter ended December 31, 2018. The company had posted a net profit of Rs 39.09 crore in the October-December quarter of the previous fiscal, HMVL said in a BSE filing. However, its total income during the reported quarter was up 6.01 per cent to Rs 252.80 crore as against Rs 238.45 crore in the year-ago period. HMVL's total expenses were up 21.49 per cent to Rs 218.02 crore as against Rs 179.45 crore in the October-December period of 2017. Shares of HMVL were trading at Rs 123.25 per scrip on BSE, down 1.12 per cent from the previous close.
Maha cabinet approves Rs 700 cr worth of schemes
The Maharashtra government Tuesday approved schemes worth Rs 700 crore, including two packages for the Ramoshi and Wadar communities. Maharashtra Chief Minister Devendra Fadnavis had earlier held meetings with the Ramoshi and Wadar communities in September and December respectively. The state cabinet Tuesday also approved Rs 250 crore for the OBC corporation while a sum of Rs 300 crore has been allotted to the SC/ST corporation. The state government had earlier implemented 16 per cent reservation in jobs and education for the Maratha community.
Yes Bank spurts on buzz Deutsche Bank's Ravneet Singh Gill in race for CEO post
Yes Bank rose 4.09% to Rs 203.40 at 13:39 IST on BSE on reports Deutsche Bank's India CEO Ravneet Singh Gill is the frontrunner in a race for the chief executive officer's post at Yes Bank.
Government looking at options to mitigate farm distress
With agrarian unrest being a major worry ahead of the Lok Sabha elections, the Centre is said to be looking at various options to boost farmers' income, including a farmer livelihood scheme KALIA (Krushak Assistance for Livelihood and Income Augmentation) announced by Odisha that may be launched nationwide in a new avatar.
Enout plans to ramp up by the end of financial year
Innovative employee engagement strategies planner, Enout is all set to expand their wings in the market by the end of this financial year.Enout, a dedicated experience manager startup, providing a gamut of services to startups and MNCs such as offsite annual retreats, day outing, corporate trips, events, corporate gifting, team building exercises and workshops to help enhance the motivation and morale of corporate employees has made 100% revenue in past six months.The signals of expansion comes from the founder, Keshav, who has travelled solo to more than 300 districts and 100000+ kms and has an experience of working with startups and corporates.Being a founder and a former employee with AirWhizz as Head of Marketing & Partnerships, Keshav understands the psyche of both employees and the company on a personal level. Since he has an experience at both side of the table, Keshav through Enout is trying to bridge the gap between the Employer and the Employee incorporating a healthy ...
Syndicate Bank drops for fifth straight session
Syndicate Bank is quoting at Rs 39.3, down 0.63% on the day as on 13:19 IST on the NSE. The stock tumbled 47.46% in last one year as compared to a 1.38% rally in NIFTY and a 10.99% fall in the Nifty PSU Bank index.
China restricts fireworks' sale to cut air pollution during Spring Festival
China will regulate the sale of fireworks in the capital as part of its efforts to combat air pollution during the week-long celebrations for the Spring Festival next month. People in China celebrate the combined Spring Festival and Chinese New Year for over a week with massive display of fireworks. The Chinese capital will launch a real-name registration system for the sale of fireworks. "Every fireworks store will be equipped with equipment to read the customers' identification cards. We can trace the buyer in case of an accident," Tang Mingming, deputy director of the Beijing Emergency Management Bureau, told The Beijing Youth Daily. In the last few years, the use of fireworks has come down, specially in the capital Beijing. The number of fireworks stores in the city will be reduced from more than 80 in 2018 to just over 30, Tang said, adding that fireworks booths will be banned in Beijing's sub-centre this year. Firecrackers will be sold from January 30 to February 9, state-run ...
Oil prices rise 1 percent amid supply cuts, but economic slowdown dims demand outlook
SINGAPORE (Reuters) - Oil prices rose by around 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.