Page 1342 - Business Finance
Metal and mining stocks fall
Weakness persisted on the bourses in mid-morning trade on selling pressure in index pivotals. At 11:17 IST, the barometer index, the S&P BSE Sensex, was down 233.33 points or 0.65% at 35,776.51. The Nifty 50 index was down 77.40 points or 0.72% at 10,717.55. Metal and mining stocks fell after China reported a slowdown in exports in December. Sentiment was impacted by negative Asian stocks and weak IIP data.
Tejas Networks Establishes a Telecom Center of Excellence in Collaboration With Government of Kerala
/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed a Memorandum of Understanding with Government of Kerala as its first telecom knowledge partner and is establishing a Center of Excellence (CoE) for next-generation telecom technologies in the state. The CoE, which is being set up in the new Integrated Startup Complex in Kochi, was inaugurated in the presence of Honorable Chief Minister of Kerala, Shri Pinarayi Vijayan, Smt. K.K. Shylaja Teacher, Hon. Minister for Social Justice and Health, Government of Kerala, Shri. M. Sivasankar IAS, IT Secretary, Government of Kerala by Shri Madhavan Nambiar IAS (Retd.), Chairman IIITM-K. Several senior dignitaries of Government of Kerala also graced the occasion. (Logo: https://mma.prnewswire.com/media/807676/Tejas_Networks_Logo.jpg ) Tejas CoE will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. Senior ...
Avenue Supermarts slumps after muted Q3 outcome
Avenue Supermarts fell 9.25% to Rs 1423.90 at 11:35 IST on BSE after net profit rose 2.12% to Rs 257.11 crore on 33.15% rise in net sales to Rs 5450.94 crore in Q3 December 2018 over Q3 December 2017.
Nifty, Sensex slip; Infosys softens blow
(Reuters) - Indian shares fell in line with broader Asia on Monday after a shock contraction in Chinese exports raised fears of a sharper global slowdown, but the blow was cushioned by gains in Infosys Ltd after the IT major raised its revenue forecast and announced a buyback.
Global Markets: Asia shares, U.S. stock futures hit as China's export slump jolts investors
SYDNEY (Reuters) - Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world's second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits.
Maruti Suzuki India opens booking for 3rd generation WagonR
The Big New WagonR drives ahead with its unique characteristics of space and comfort from its outgoing version. The new WagonR gets bigger with enhanced comfort. The car's sturdy and masculine look with true tall boy design makes for a strong road presence.
Yes Bank spurts after naming Brahm Dutt as part-time chairman
Yes Bank rose 4.02% to Rs 191.35 at 10:59 IST on BSE after the bank announced the appointment of Mr. Brahm Dutt as non-executive part-time chairman of the board.
Exclusive: PG&E talking to banks on multibillion dollar bankruptcy financing-sources
(Reuters) - PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday.
Volumes spurt at CCL Products (India) Ltd counter
CCL Products (India) Ltd notched up volume of 66912 shares by 10:48 IST on BSE, a 88.57 fold spurt over two-week average daily volume of 755 shares
Market extends fall
Stocks extended initial fall and hit intraday low in in morning trade. At 10:28 IST, the barometer index, the S&P BSE Sensex, was down 253.59 points or 0.7% at 35,756.25. The Nifty 50 index was down 84.80 points or 0.79% at 10,710.15.
Brexit takes toll on Britain's financial sector, outlook weak
LONDON (Reuters) - Uncertainty over Brexit and the economy have led demand for Britain's financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed.
TEXPROCIL Congratulates Ministry of Textiles for Significant Achievements in the Past 4.5 Years
/ -- TEXPROCIL welcomes increase in GST exemption & Composition Scheme threshold limits The first ever outreach event on 'Accomplishment and Way Forward for Textile Sector' was organised by the Ministry of Textiles at New Delhi on 5th and 6th January 2019, and the achievements by the textile industry over the past 4.5 years was recognized by presenting the 'Threads of Excellence Awards' to 17 persons for their outstanding contribution in different fields of textile sector. https://ibb.co/b53HcNW Photo Caption: Hon'ble Minister of Textiles, Smt Smriti Zubin Irani addressing National Conclave on 'Accomplishments and Way Forward for Textiles Sector' organised by Ministry of Textiles, GOI. https://ibb.co/9wYjxWV Caption: TEXPROCIL Logo Dr. K.V. Srinivasan, Chairman -TEXPROCIL congratulated the Honb'le Minister of Textiles Smt. Smriti Irani and the officials at the Ministry of Textiles for their outstanding support to the Textile sector and recognising significant achievements in the .
China December crude oil imports at second highest, gas imports at record
SINGAPORE (Reuters) - China's crude oil imports in December surged nearly 30 percent from a year earlier to the second highest for a month on a daily basis, Reuters calculations of customs data showed on Monday.
Rupee falls 10 paise to 70.59 per US dollar in early trade
The rupee Monday depreciated 10 paise to 70.59 per US dollar in early trade amid strengthening of the American currency and weak opening in domestic equities. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.50 then fell further to 70.59 against the American currency, down 10 paise over it's previous closing price. In a highly volatile trade, the local currency also touched a high of 70.44 per US dollar at 0926 hrs, showing a rise of 3 paise over it's last close. The rupee on Friday had deprecated by 8 paise to close at 70.49 against the US dollar. Forex traders said the strength of the US dollar against other overseas currencies weighed on the domestic currency. On the other hand easing crude prices supported the domestic unit. Brent crude, the global benchmark, was trading lower at 59.90 per barrel, lower by 0.96 per cent. Meanwhile, foreign funds sold shares worth Rs 687.20 crore from the capital markets on a net basis, while domestic institutional investors bought
Board of Darshan Orna approves expansion of business
At meeting held on 12 January 2019
Market may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 42 points at the opening bell. The market will react to IIP data for November 2018 released after market hours on Friday, 11 January 2019. Among stocks, Infosys will be watched after Q3 results.
Jindal Steel & Power Ltd Slips 2.29%, S&P BSE Metal index Shed 1.06%
Jindal Steel & Power Ltd has lost 7.63% over last one month compared to 5.33% fall in S&P BSE Metal index and 0.33% drop in the SENSEX
Australia Wesfarmers' department store sales sag, shares drop
SYDNEY (Reuters) - Australian retail conglomerate Wesfarmers Ltd warned on Monday that its discount department stores made slower-than-expected sales over Christmas, sending its shares sliding to a one-month low and auguring badly for rival retailers.
Equity indices open in red, Sensex down 170 points
The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points.
Global Markets: Asia shares, U.S. stock futures slide as China's exports slump jolts investors
SYDNEY (Reuters) - Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world's second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits.