Page 1550 - Business Finance
Mentha oil futures fall 1.19 pc on ample stocks
Mentha oil futures fell 1.19 per cent Monday as speculators trimmed positions amid ample stock position at the spot markets on increased arrivals and reduced demand from consuming industries. At the Multi Commodity Exchange, mentha oil for delivery in December contracts was trading lower by Rs 17.70, or 1.19 per cent to Rs 1,474 per kg in a business turnover of 58 lots. Analysts said cutting down of bets by participants due to ample stock at the spot markets against subdued demand, led to the fall in mentha oil prices at futures trade here.
Sensex gains over 220 points, Nifty trades above 10,850
The benchmark equity index, BSE Sensex registered a bullish jump on Monday morning with Sensex gaining 223 points, while NSE's Nifty 50 above 10,860 at around 09.45 am.As of the moment, Sensex is at 36,186.38 up by 223.45 points whereas Nifty is at 10,860.85, up by 55.40 points.Thirty-seven out of 50 Nifty stocks traded with gains.Indian benchmark indices BSE Sensex and NSE's Nifty 50 rose encouragingly on the first day of the week. The rise is being attributed to mixed indications for the global market and optimism of easing regulatory norms after the appointment of new Reserve Bank of India chief.On December 12, the newly appointed Reserve Bank of India (RBI) Governor Shaktikanta Das had emphasised over the significance of the issue of liquidity and inflation target.He said, " The inflation target continues to be very important. It is really heartening that it has been very good but we have to ensure stability. The issue of liquidity is also important and I will work on these issues
Volumes jump at Vinati Organics Ltd counter
Vinati Organics Ltd witnessed volume of 1.06 lakh shares by 10:48 IST on BSE, a 31.76 times surge over two-week average daily volume of 3323 shares
Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit
YOKOHAMA, Japan (Reuters) - Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal 'CEO Reserve' fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.
Indices extend gains
Key benchmark indices extended gains after an initial upmove. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 282.75 points or 0.79% at 36,245.68. The Nifty 50 index was up 67.35 points or 0.62% at 10,872.80.
Vedanta jumps on favourable NGT order
Vedanta rose 3.33% to Rs 207.90 at 10:32 IST on BSE after the National Green Tribunal allowed the company to resume operations of its copper smelter at Thoothukudi.
Japan's central bank to warn of rising growth risks, policy seen steady
TOKYO (Reuters) - As the risks to the global economy rises, the Bank of Japan is expected to join a chorus of warnings from other policy-makers of the threat to growth from protectionism and signal its resolve to keep the money spigot open.
Singapore November private home sales soar 52 percent
SINGAPORE (Reuters) - Sales of private homes by developers in Singapore surged 52 percent in November from a year earlier, government data showed on Monday.
Dunya Labs Brings EOS Blockchain to India With Catalyst
/ -- Dunya Labs , a blockchain product company, hosted the inaugural sessions of its Catalyst Series in Bengaluru. Catalyst, a programme of hands-on blockchain developer workshops, was launched in partnership with the Government of Telangana Blockchain District as part of the State's blockchain education efforts. (Logo: https://mma.prnewswire.com/media/799087/Dunya_Labs_Logo.jpg ) The aim of the Catalyst Series is to guide technologists in understanding, experimenting with, and developing cutting-edge public blockchain protocols. In India, less than 1% of the country's developers have exposure to blockchain development, and experience is limited to platforms such as Hyperledger and Ethereum. Catalyst aims to bring India to the global blockchain frontier through community participation and developer education. This series is a first-of-its-kind EOS workshop and hackathon, kicking off with a three-weekend-long curriculum covering the EOS protocol architectural design, developer ...
Datamatics to Demerge and Separately List its Subsidiary Lumina Datamatics
/ -- The Board of Directors of Datamatics Global Services Limited ('DGSL'), and Lumina Datamatics Limited ('Lumina') in their respective board meetings today, approved a proposal to merge the two Companies into DGSL. The merged Company would then be vertically split into two Companies, namely, Datamatics Global Services Ltd. and LDR E-Retail Ltd. Thus, the shareholders of DGSL will have an identical shareholding pattern in both DGSL and LDR E-Retail Ltd. The latter will be renamed as Lumina Datamatics Limited. The scheme is subject to regulatory approvals and proposes an appointed date of April 1, 2019. The board was of the view that the businesses of two companies serve completely different market segments and have different offerings. The de-merger will allow the managements of each Company to focus and pursue growth strategies tailored specific for the segments they serve. The de-merger will also give direct visibility of the opportunity and assets for both the companies which ...
Malaysia national utility's stock falls despite investment in Indian power company
Singapore, Dec 17 (ANI): Last week, Tenaga Nasional Berhad (TNB), Malaysia's national utility company announced that it has agreed to invest USD 31.5 million into Indian power generation company GMR Bajoli Holi Hydropower Pte Ltd (GBHH).GBHH is building a 180MW hydroelectric power plant where energy is generated by the flow of the River Ravi in the Chamba district of the state of Himachal Pradesh. Overall progress of the project stands at 78% and the hydroelectric plant is expected to commence its commercial operations by October 2019. The completion of this investment is subject to approval from Bank Negara Malaysia (the Central Bank) and Ministry of Finance of Malaysia.The investment will come in the form of a subscription to a compulsorily convertible debenture (CCD) issued by GBHH. The CCD has a tenure of 30 years and will be converted into a 30 percent equity stake before the end of tenure. The funds for the investment will come from a combination of internally generated funds ...
New Zealand leader excited for holiday break with infant
New Zealand's Prime Minister Jacinda Ardern says that six months after giving birth, she's looking forward to spending more time with her daughter Neve over the Christmas break and thanking everybody who's helped her juggle responsibilities. Ardern spoke to The Associated Press on Monday as she carried around a box to hand-deliver holiday treats of coffee and peanut brittle to reporters at Parliament. She was keeping alive a tradition in New Zealand that would be hard to imagine in some countries due to the sometimes acrimonious relationships between journalists and politicians. Ardern is just the second world leader in modern times to give birth while in office. She said she's had lots of feedback about being a role model. "But my focus needs to be on furthering the agenda, and the work program, and all of the big challenges we were elected to address," she said. "For me, the added bonus is that I get to be a mom as well." Ardern's partner Clarke Gayford is the primary caregiver for .
Sensex rises 224 pts on fund inflows, positive Asian cues
The equity benchmark BSE Sensex rose by almost 224 points Monday on buying in key frontline counters led by metal, banking, auto and energy stocks amid fresh foreign fund inflows. Positive cues from other Asian markets also bolstered trading sentiments here, traders said. The BSE Sensex rose 223.89 points, or 0.62 per cent, to 36,186.82. The gauge had gained over 33 points in the previous session on Friday. The broader Nifty 50 index was trading at 10,864.80, with a gain of 59.35 points, or 0.55 per cent. Major gainers were Vedanta Ltd, Reliannce Industries, Yes Bank, Tata Steel, Maruti Suzuki, Sun Pharma, HDFC Bank, Adani Ports and PowerGrid, and SBI, rising up to 3.83 per cent. 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. Among Asian markets, Japan's Nikkei was trading higher by 0.67 per cent. Hong Kong's Hang Seng moved up 0.09 per cent, while ...
Sensex opens over 200 points higher
In line with Asian peers, key domestic indices opened on a positive note on Monday continuing its upward momentum from last week's healthy gains.
Foxconn not in settlement talks with Qualcomm in Apple battle - attorney
SAN FRANCISCO (Reuters) - The lead attorney for the group of Apple Inc device assemblers seeking at least $9 billion in damages from Qualcomm Inc said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are "gearing up and heading toward the trial" in April.
South Korea cuts growth outlook, but sticks to equitable economy goal
SEOUL (Reuters) - South Korea cut its 2018-2019 economic growth outlook to the lowest in six years on Monday, with the economy hurt by weak investment and global trade disputes, but it pledged to ensure that the benefits of growth are distributed more equally.
Vedanta gets National Green Tribunal's approval for resumption of copper smelter at Thoothukudi
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IL&FS Engineering & Construction Co intimates of termination of contract for Nagpur Metro Rail project
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Market drifts higher in early trade
Trading for the week began on a positive note as the key benchmark indices drifted higher in early trade. At 9:24 IST, the barometer index, the S&P BSE Sensex, was up 209.07 points or 0.58% at 36,172. The Nifty 50 index was up 60.15 points or 0.56% at 10,865.60.
Mahanagar Telephone Nigam Ltd Falls 2.27%
Mahanagar Telephone Nigam Ltd has lost 0.36% over last one month compared to 6.34% fall in S&P BSE Telecom index and 1.98% rise in the SENSEX