Page 15 - Business Finance
Sensex, Nifty bounce back
The benchmark indices bounced back in afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, was up 7.25 points or 0.02% to 39,145.44. The Nifty 50 index was almost flat at 11,723.60.
Japan Nikkei ends firmer
Total 21 subsectors out of 33 subsectors of the Topix's index inclined, with Textiles & Apparels, Oil & Coal Products, Marine Transportation, Rubber Products, and Pharmaceutical issues being notable gainers, while Real Estate, Land Transportation, Mining, and Electric Power & Gas issues were notable gainers.
Jammu and Kashmir Bank Ltd gains for third straight session
Jammu and Kashmir Bank Ltd is quoting at Rs 43.85, up 5.66% on the day as on 12:54 IST on the NSE. The stock is down 19.91% in last one year as compared to a 8.98% jump in NIFTY and a 7.65% jump in the Nifty PSU Bank index.
Piramal Enterprises Ltd soars 3.59%
Piramal Enterprises Ltd is quoting at Rs 1958, up 3.59% on the day as on 12:54 IST on the NSE. The stock is down 22.39% in last one year as compared to a 8.98% spurt in NIFTY and a 14.82% spurt in the Nifty Pharma index.
Indiabulls Housing Finance Ltd up for third straight session
Indiabulls Housing Finance Ltd is quoting at Rs 627.25, up 2.49% on the day as on 12:54 IST on the NSE. The stock is down 47.41% in last one year as compared to a 8.98% jump in NIFTY and a 19.79% jump in the Nifty Financial Services index.
Mahindra & Mahindra Ltd gains for third straight session
Mahindra & Mahindra Ltd is quoting at Rs 633.85, up 1.02% on the day as on 12:54 IST on the NSE. The stock is down 30.01% in last one year as compared to a 8.98% jump in NIFTY and a 28.3% jump in the Nifty Auto index.
State Bank of India spurts 1.17%, rises for third straight session
State Bank of India is quoting at Rs 353.5, up 1.17% on the day as on 12:54 IST on the NSE. The stock is up 31.68% in last one year as compared to a 8.98% gain in NIFTY and a 15.27% gain in the Nifty Bank index.
Shriram Transport Finance Company Ltd gains for fifth session
Shriram Transport Finance Company Ltd is quoting at Rs 1115.8, up 1.58% on the day as on 12:49 IST on the NSE. The stock is down 24% in last one year as compared to a 8.98% gain in NIFTY and a 19.89% gain in the Nifty Financial Services.
RBI Dy Governor Viral Acharya resigns abruptly six months before term ends
Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term "due to unavoidable personal circumstances," said the central bank on Monday."A few weeks ago, Dr Acharya submitted a letter to the RBI informing that due to unavoidable personal circumstances, he is unable to continue his term as a Deputy Governor of the RBI beyond July 23," said an official statement.Acharya took up his post on January 20, 2017 for a term of three years. The tenure of the central bank's youngest Deputy Governor post-economic liberalisation was to end on January 20 next year."Consequential action arising from his letter is under consideration of the competent authority," added the RBI.Reports said Acharya will return to the New York University as CV Starr Professor of Economics.Acharya follows former RBI Governors Raghuram Rajan and Urjit Patel, both of who left the central bank after advocating strong measures to clean up the banking system, ...
Forever 21 enters Northeastern retail market on chic note
Forever 21, India's most loved, international fast fashion brand from Los Angeles, California, part of the Aditya Birla Fashion and Retail Ltd celebrates the launch of their first ever store in Guwahati on GS road on June 23rd 2019.With the new 11000+ sq ft store, you can always count on Forever 21 for a hassle-free shopping experience with apparel, footwear and accessories all under one roof, reflecting the latest trends right from runways to the store. With North Eastern states being one among the trendsetters, customers can now explore a plethora of summer trends at the new Forever 21 store. Up your game with this season's call-outs encompassing Geometric prints, logo tees etc to suit your mood, apparel in garden floral prints, crochet knits and many more.The store also comes equipped with a plethora of styles from the Men's collection. Explore your love for laid- back, experimental fashion with trend-setting styles such as dark floral t-shirts, distressed denim jackets, ...
Gold futures surge on spot demand
Gold prices rose 0.53 per cent to Rs 34,347 per 10 gram in futures trade Monday as traders raised bets amid positive cues from domestic market. Gold to be delivered by August was trading higher by Rs 180, or 0.53 per cent, to Rs 34,347 per 10 gram in a business turnover of 18,493 lots at the Multi Commodity Exchange. Similarly, the metal for delivery in September contracts also gained Rs 194, or 0.56 per cent, to Rs 34,550 per 10 gram in 4,699 lots. Analysts attributed the rise in the precious metal to widening of positions by participants in line with a firm trend at the domestic market. Meanwhile, gold was trading a shade lower by 0.18 per cent at USD 1,282.54 an ounce in Singapore.
Lead futures slip on low demand
Lead prices eased by 0.52 per cent to Rs 151.90 per kg in futures trade Monday as investors trimmed their holdings amid subdued demand at the domestic spot market. On the Multi Commodity Exchange, lead for delivery in this month was trading lower by 80 paise, or 0.52 per cent, to Rs 151.90 per kg in a business turnover of 1,054 lots. Marketmen said, a weak trend in base metals at the domestic spot market due to slackened demand from battery-makers mainly exerted pressure on lead futures here.
Reserve Bank of India Deputy Governor Viral Acharya Resigns
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Investments Through Participatory Notes Increase By Rs 1400 Crore In May 2019
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'GST Council to consider reducing tax on electric vehicles'
The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. Thakur was replying to a question asked by BJP member Varun Gandhi during the Question Hour. "The matter has been placed befor the GST Council and will be considered. As of now, it is pending before the council," he said. Thakur said the number of tax filers has doubled under the GST, and it shows that people's trust in the new tax regime has increased. He said the council has taken several decisions since the Goods and Services Tax, which has brought many indirect taxes levied by states and the Centre under one regime, was rolled out in 2017 to simplify the exercise and also to benefit traders, including MSME sector. Benefits totalling over Rs 92 thousand crore have been provided to them, he said. The minister said over 21 lakh returns were filed in
Mandhana Industries Ltd leads gainers in 'B' group
Shree Rama Multi-Tech Ltd, Igarashi Motors India Ltd, PG Electroplast Ltd and Hotel Leela Venture Ltd are among the other gainers in the BSE's 'B' group today, 24 June 2019.
Suzlon Energy Ltd leads gainers in 'A' group
Housing Development & Infrastructure Ltd, Jain Irrigation Systems Ltd, Lakshmi Vilas Bank Ltd and Dewan Housing Finance Corporation Ltd are among the other gainers in the BSE's 'A' group today, 24 June 2019.
Anarock partners Aldar Properties to market Abu Dhabi properties to Indians
Real estate consultant Anarock Monday said it has partnered with Aldar Properties to sell housing and commercial assets located in Abu Dhabi to Indian investors. Aldar Properties PJSC is Abu Dhabi's leading property development, management and investment company. "With our intense focus on the UAE for our international growth, Abu Dhabi stands out as an exceptional market. Abu Dhabi offers Indians a great opportunity for investment and business growth," Anuj Puri, Chairman, Anarock Group said in a statement. He said the partnership with Aldar Properties would provide Indian clients access to some of the best properties and communities in the region. Aldar Properties CEO Talal Al Dhiyebi said India is a very important market. "This strategic collaboration would enable Indian buyers to benefit from the newly introduced law regarding freehold ownership of land in investment zones and visa rules for real estate investors in Abu Dhabi, which have made our destinations even more attractive .
Emami tumbles after block deal
Emami fell 4.60% to Rs 275.95 at 10:22 IST on BSE after a block deal of 3.46 crore shares was executed on the scrip at Rs 272 per share at 9:20 IST on BSE.
Will India Join the Regional Economic Comprehensive Partnership?
Singapore, June 24 (ANI): Thailand, the current chair of ASEAN, has urged participating countries to rapidly conclude negotiations on an agreement to the Regional Economic Comprehensive Partnership (RCEP).At a business forum in Bangkok ahead of the ASEAN Summit over the June 22nd weekend, Mr Prayut Chan-O-Cha, former junta leader and the new Prime Minister of Thailand said: "Thailand is trying to expedite the conclusion of the RCEP negotiations this year." He added that this is the agreed intention of all the leaders.At the same meeting, Philippines' Trade Secretary Mr Ramon Lopez expressed his belief that the negotiations have reached a point whereby the different negotiating parties can be persuaded to be more realistic and pragmatic. He rationalised that the on-going trade dispute between China and the US which has soured the global economic outlook should be an impetus for all to "fast-track" the RCEP deal.Almost immediately after taking office, President Trump pulled the US out ..
