Page 1329 - Business Finance
Agri-tech start-up WayCool raises Rs 120 cr from LGT Impact, others
Agri-tech start-up WayCool Tuesday said it has raised Rs 120 crore from LGT Impact, prominent angel investors and institutional lenders, including Northern Arc Capital and Caspian. The amount has been raised in combination of equity and debt, it added. WayCool, founded in July 2015 by Karthik Jayaraman and Sanjay Dasari, is a food distribution platform leveraging innovative technology to scale up and operate a complex supply chain. It operates a full-stack, broadline product range across multiple channels and categories such as fresh produce, staples and dairy serving over 4,000 clients. The Chennai-based start-up intends to use the funds to further scale up operations across southern and western India, bolster its technology platform and reinforce its supply chain by building or acquiring assets and capabilities in sourcing, value-added products, and automation of distribution lines, the statement said. "Along with rapid growth, we have always been committed to profitability, and ...
Silver futures surge 0.27 pc on global cues
Silver futures surged 0.27 per cent to Rs 36,965 per kg Tuesday after speculators raised bets, driven by a firm trend overseas. Silver for delivery in March traded higher by Rs 105, or 0.27 per cent, at Rs 36,965 per kg in a business turnover of 18,023 lots at the Multi Commodity Exchange. In a similar manner, the white metal to be delivered in May, too, rose by Rs 167, or 0.42 per cent, to Rs 40,223 per kg in 2,230 lots. Analysts said widening of positions by traders in sync with a firm trend on global markets for precious metals, influenced silver prices at futures trade here. In international market, silver traded higher at USD 15.64 an ounce in Singapore Tuesday.
Hindustan Petroleum Corporation Ltd jumps nearly 2%
Hindustan Petroleum Corporation Ltd is quoting at Rs 238.5, up 1.94% on the day as on 12:49 IST on the NSE. The stock is down 41.89% in last one year as compared to a 1.3% gain in NIFTY and a 0.09% gain in the Nifty Energy index.
Shares continue trading on firm note
The market held firm at higher levels in afternoon trade. At 13:18 IST, the barometer index, the S&P BSE Sensex, was up 351.10 points or 0.98% at 36,204.66. The Nifty 50 index was up 108.85 points or 1.01% at 10,846.45. Gains were triggered on hopes of interest rate cut by RBI after latest data revealed that retail inflation as dropped sharply in December. Positive Asian stocks also boosted sentiment.
Indiabulls Ventures Ltd gains for third straight session
Indiabulls Ventures Ltd is quoting at Rs 393.9, up 1.6% on the day as on 12:49 IST on the NSE. The stock is up 51.59% in last one year as compared to a 1.3% gain in NIFTY and a 8.39% gain in the Nifty Financial Services index.
Indian Oil Corporation Ltd rises for third straight session
Indian Oil Corporation Ltd is quoting at Rs 133.7, up 1.06% 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 1.3% jump in NIFTY and a 0.09% jump in the Nifty Energy index.
Infosys Ltd spurts 3.33%, up for fifth straight session
Infosys Ltd is quoting at Rs 725.3, up 3.33% on the day as on 12:44 IST on the NSE. The stock is up 29.19% in last one year as compared to a 1.32% jump in NIFTY and a 17.32% jump in the Nifty IT.
India's overseas direct investment eases to US$ 1.64 billion in December 2018
Overseas direct investment dips to US$ 15.57 billion in April-December 2018
Board of R Systems International approves buyback of equity shares
At meeting held on 15 January 2019
Tokyo court denies request for Nissan Ghosn's release on bail
TOKYO (Reuters) - The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn's request for release on bail after his indictment last week on two new charges, including for aggravated breach of trust.
Satin Creditcare Network's subsidiary - Satin Finserv gets registered as NBFC
Powered by Capital Market - Live News
TV18 Broadcast reports over Rs 146-cr Q3 net profit
TV18 Broadcast Tuesday reported a consolidated net profit of Rs 146.96 crore for the third quarter ended December 31, 2018. The company had reported a net profit of Rs 8.53 crore in the corresponding quarter a year ago. The figures for the current quarter are not comparable with those of the corresponding period consequent to Viacom18 Media and IndiaCast Media Distribution becoming subsidiaries with effect from March 1, 2018, the company said in a regulatory filing. Its revenue from operation during the third quarter of 2018-19 stood at Rs 1,474.7 crore. It was Rs 271.13 crore during the same quarter of the previous fiscal, TV18 Broadcast said. Shares of TV18 Broadcast were trading 1.73 per cent up, at Rs 38.20 apiece on BSE.
Crude oil futures up amid positive global cues
Crude oil prices rose 0.51 per cent to Rs 3,717 per barrel Wednesday, as speculators created fresh positions amid positive global cues. Analysts said raising of bets by participants despite a weak trend overseas, kept crude prices higher at futures trade here. At the Multi Commodity Exchange, crude for delivery in December was trading higher by Rs 19, or 0.51 per cent, to Rs 3,717 per barrel in a business turnover of 3,694 lots. Meanwhile, the West Texas Intermediate gained 1.45 per cent, to USD 51.23, while Brent crude, the international benchmark, recovered 1.46 per cent to USD 59.85 per barrel.
Gold futures up Rs 45 as participants create position
Gold prices rose by Rs 45 to Rs 32,186 per 10 gram in futures trade Tuesday 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 45, or 0.14 per cent, at Rs 32,186 per 10 gram with a business turnover of 12,305 lots. Similarly, the April rate of the precious metal was up by Rs 20, or 0.06 per cent, at Rs 32,290 per 10 gram with a business volume of 7,175 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 0.09 per cent to trade at USD 1,290.31 an ounce in Singapore.
"Investing is not what you know but how you behave; it is all about having a view of the future," say Industry experts
CFA Society India, in collaboration with CFA Institute, the global association of investment professionals, hosted its 9th India Investment Conference in Mumbai with the theme being Investing Insights for Uncertain Times.The conference brought together leading local and global investment management practitioners, experts, and economists to discuss the latest trends in the global investment management industry.This year's conference has sessions on geopolitical analysis, behavioral biases and pitfalls, decision making under uncertainty, and more, with practical advice."Our constant endeavor is to raise the bar each year and create a robust network of investment management professionals. The India Investment Conference is recognized as the longest running conference among investment industry professionals. We will strive to better serve CFA® charterholders, our members, and our clients and contribute to investor education," said Navneet Munot, CFA, Chairman, CFA Society India and CIO, ..
Global Markets: Asia shares up on hopes for China stimulus, Brexit vote awaited
TOKYO (Reuters) - Asian stocks rose on Tuesday, supported by a bounce in Chinese shares amid hopes for government stimulus, while sterling braced for the vote in parliament over the British government's plan to exit the European Union.
Indo Tech Transformers Ltd leads gainers in 'B' group
R S Software (India) Ltd, Fineotex Chemical Ltd, Trejhara Solutions Ltd and Nila Spaces Ltd are among the other gainers in the BSE's 'B' group today, 15 January 2019.
Relaxo Footwears rises after ICRA upgrades credit rating
Relaxo Footwears rose 1.35% to Rs 760.95 at 12:02 IST on BSE after credit ratings company ICRA upgraded the company's long term rating.
Metal and mining stocks gain
Stocks hovered near day's high in early afternoon trade on sustained buying demand in index pivotals. At 12:20 IST, the barometer index, the S&P BSE Sensex, was up 347.81 points or 0.97% at 36,201.37. The Nifty 50 index was up 108.60 points or 1.01% at 10,846.20. Metal and mining stocks gained. Gains were triggered on hopes of interest rate cut by RBI after latest data revealed that retail inflation as dropped sharply in December. Positive Asian stocks also boosted sentiment.
Oil up 1 percent amid supply cuts, but China slowdown weighs on demand outlook
SINGAPORE (Reuters) - Oil prices rose by more than 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.