Page 1546 - Business Finance
Nissan hopes Renault will listen about Ghosn misconduct
YOKOHAMA (Reuters) - Nissan's Chief Executive said on Monday he hoped alliance partner Renault SA will listen to its explanation of financial misconduct by former Chairman Carlos Ghosn.
Sandip Somany takes over as new Ficci President
Leading industry chamber Ficci on Monday announced that it has elected Sandip Somany as the association's President for 2018-19, following its 91st annual general meeting here last week.
Jet Airways declines over 3% on reports of Kardassis' exit
Shares of Jet Airways fell over 3 per cent after the company's former CEO Nikos Kardassis, who made a comeback to the carrier in an advisory role, has once again parted ways with it. On the BSE, the scrip shed 3.79 per cent to settle at Rs 250.10. Intra-day, it lost 4.90 per cent to Rs 247.20, its lowest during the day. On the NSE, the stocks declined 3.44 per cent to close at Rs 250.95. During the trading session, it had touched a high of Rs 253.90 and a low of Rs 247.10. On the equity volume front, a combined of over 1.1 crore units were traded on the stock exchanges during the day. The Greek-American aviation veteran in his third comeback to Naresh Goyal-controlled Jet Airways in May was roped in to revive the fortunes of the full-service carrier following its dismal financial performance since January this year. "Kardassis, whom Goyal roped in to help him in the airline's turnaround plan, had gone on leave to his native place in November but after that, he did not return," a ...
Maxim India Achieves the Distinction of India's First Progressive 3D Mainstream Magazine Cover - Courtesy OnePlus
/ -- Maxim India, the most popular men's lifestyle magazine in the country, published monthly by Burda Media India, achieved a distinction of India's first progressive 3D mainstream magazine cover - courtesy OnePlus, India's No 1 premium Smartphone brand. The cover uses special lenticular printing technology, popular with big-budget movies and limited special interest media projects. Lenticular printing technology uses special lenses to create the illusion of depth and progressive movement, when the image is viewed from different angles. It is an expensive, specialised process that needs special high-resolution filters to create this 'movement' and '3D animation'. The issue, featuring Radhika Apte, is a limited edition worthy of collectors and highlights the Alpha upscale positioning of Maxim, its diverse content and the way it has continued to focus on an optimal mix of print and digital. Bjrn Rettig, CEO, Burda Media India, said, "Burda Media always seeks to push the boundaries of .
StanChart to take $160 million charge from private equity sale
(Reuters) - Standard Chartered PLC has agreed terms for the sale of its private equity division, ending a more than two-year effort to shed a business the bank no longer deemed central to its strategy.
Global Markets: Stocks steady as investors pin hopes on policy makers
MILAN (Reuters) - Markets started cautiously as the concern over global growth that sent world stocks to 17-month lows was only partly tempered by expectations of encouraging messages from the United States and China.
Govt tussle with RBI could undermine financial stability: S&P
Terming the exit of Urjit Patel as credit negative, S&P Global Ratings said the increasing involvement of the government in the affairs of the RBI could undermine the hard-fought improvements in the banking system over the past few years. "In particular, S&P Global Ratings views as credit negative the circumstances leading to the recent resignation of Urjit Patel, governor of the Reserve Bank of India (RBI). We await any changes to banking system regulation at the next RBI board meeting in January 2019," it said. The report said it does not anticipate any material change in the central bank's level of independence, especially with regards to its adoption and implementation of prudent policy. The RBI has traditionally shown greater independence than many regional peers, and a robust institutional culture but sustained and intense external pressure from the Indian government risks eroding these settings over time, and could also undermine the long-term financial stability in the
Japan Nikkei rebounds on bargain hunting
The Federal Reserve holds its final policy meeting of 2018 on Tuesday and Wednesday. The rate decision will be followed by a press conference with chairman Jerome Powell. The Bank of Japan's monetary policy decision is due on Thursday, followed by a briefing from governor Haruhiko Kuroda.
Australia Market gains 1%
Investors risk sentiments underpinned after reports stated Australia's budget deficit for the fiscal year to June 2019 is expected be slashed to A$5.2 billion from the A$14.5 billion projected in May, which may help deliver a budget surplus by 2019/20. Prime Minister Scott Morrison plans to fight an election in the first half of next year on tax cuts which could be made possible through the proposed budget.
BGR Energy Systems bags order worth Rs 49.40 cr from Tamilnadu Transmission Corporation
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Board of Mafatlal Industries announces change in CEO
At meeting held on 17 December 2018
Philippines seeks fraud charges against Japan casino mogul Okada
MANILA (Reuters) - The Philippine Department of Justice (DOJ) has recommended the filing of charges against Japanese pachinko billionaire Kazuo Okada for allegedly misappropriating over $3 million from the operator of the Okada Manila casino.
Somany takes over as new Ficci President
Sanitary ware firm HSIL's CMD Sandip Somany has been elected as the new President of Ficci, the chamber said Monday. Sangita Reddy, Joint Managing Director of the Apollo Hospitals Group, has now been elevated as the Senior Vice President of Ficci, whereas Uday Shankar, Chairman and CEO of Star India, has joined the chamber as the Vice President. In a statement, the Federation of Indian Chambers of Commerce and Industry (Ficci) said, Somany will be working closely with the government and business leaders towards spearheading the country's economic growth. He was previously working as the Senior Vice President of the chamber. "I look forward to engaging with industry stalwarts and leaders to foster an ecosystem of innovation and growth, together building consensus between industry and policy," he added. Somany holds a degree from the University of California, (US) and has a Bachelor's degree from the Delhi University. Reddy graduated in Science from the Women's Christian College in ...
Sensex, Nifty gain for fifth session; financials lead
(Reuters) - Indian shares ended higher on Monday, led by gains in financial companies, as strong momentum continued from last week following state election results and the appointment of Shaktikanta Das as the central bank governor.
Britain's ASOS adds to retail gloom with profit warning
LONDON (Reuters) - Online fashion group ASOS cut its annual sales growth and profit margin forecasts on Monday, becoming the latest British retailer to highlight a major downturn in November trading, sending its shares sharply lower.
StanChart to spin out its private equity business
(Reuters) - Standard Chartered PLC will separate its private equity business and sell a majority of the arm's investment portfolio to funds managed by Intermediate Capital Group Plc, the bank said on Monday.
Global Markets: Global growth worry hits stocks, but U.S. data lifts dollar
NEW YORK (Reuters) - A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.
Euro zone November inflation revised down to ECB target, October trade surplus falls
BRUSSELS (Reuters) - Euro zone headline inflation was at the European Central Bank target in November and the inflation measure crucial for monetary policy decisions eased again after rising the previous month, revised data showed on Monday.
Sensex reclaims 36,000, surges 307 pts
Extending its winning run for a fifth session, the BSE Sensex soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues. The broader NSE Nifty too jumped almost 93 points. Opening on a positive note, the Sensex went on to reclaim the 36,000-mark and hit a high of 36,312.31 during the intra-day trade before ending at 36,270.07, up 307.14 points, or 0.85 per cent. The gauge had climbed 1,003.21 points in the previous four sessions. For the 50-share NSE Nifty, the close came in at 10,888.35, higher by 82.90 points, or 0.77 per cent, after shuttling between 10,900.35 and 10,844.85. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 861.94 crore on Friday, while DIIs sold equities to the tune of Rs 303.52 crore, provisional data showed.
FDI Rises To USD 60.97 Billion In 2017-18
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