Page 1560 - Business Finance
China says to suspend additional tariffs on U.S.-made cars from January 1
BEIJING (Reuters) - China's finance ministry said on Friday it will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019.
Market ends with minor gains
The market ended with small gains as rise in Infosys and Bharti Airtel offset losses in HDFC and Larsen & Toubro. The barometer index, the S&P BSE Sensex, rose 33.29 points or 0.09% to 35,962.93, as per the provisional closing data. The Nifty 50 index rose 13.90 points or 0.13% to 10,805.45, as per the provisional closing data. The Sensex ended below the psychological 36,000 mark after moving above and below that level in intraday trade. The Nifty ended a tad above 10,800 mark.
RBIs governance framework need further examination: RBI Board meeting
Reviews current economic situation, global and domestic challenges, matters relating to liquidity and credit delivery to the economy
Commerce Ministry to set up National Medical Devices Promotion Council
Aims to give a fillip to the medical device sector
WPI inflation falls to 4.64% in November on easing food, petro prices
India's wholesale inflation fell to a three-month low of 4.64 per cent in November, driven down by decline in prices of food articles, especially vegetables, and some easing in rates of petro products. The Wholesale Price Index (WPI)-based inflation stood was 5.28 per cent in October and 4.02 per cent in November last year. Food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in October, government data released Friday showed. Vegetables, too, became cheaper with deflation at 26.98 per cent in November, compared to 18.65 per cent in the previous month. Inflation in the 'fuel and power' basket in November continued to rule high at 16.28 per cent, but was lower than 18.44 per cent in October. This was on account of lowering of prices of petrol and diesel, following a decline in global crude oil prices. Separately in petrol and diesel, inflation was 12.06 per cent and 20.16 per cent, respectively, and for liquified petroleum gas ..
World stocks tumble on weak economic data from China and Europe
LONDON (Reuters) - Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute.
ONGC advances on buyback plan
ONGC rose 2.48% to Rs 146.80 at 15:09 IST on BSE after the company scheduled a board meeting on 20 December 2018 to consider a proposal of buyback of equity shares of the company.
Satin Creditcare Network raises USD 30 mn NCD from FMO
To accelerate its microfinance lending portfolio
Gujarat Ambuja Exports update on expansion projects in Malda and Chalisgaon
The second phase of the company's Chalisgaon, Maharashtra Maize Processing plant is progressing well and shall be completed in Q4 as per schedule. The first phase which had started commercial production in March this year, is currently operating at 80% capacity utilization.
Analysis: Bond vigilantes reckon their job is done in Italy
(Reuters) - It's been the stormiest year for Italian bond markets since the 2011 euro zone crisis, but as 2018 ends, investors who fled mid-year are returning and their worst fears -- euro exit, junk ratings and reckless spending -- have proved unfounded.
Fortis Healthcare Ltd leads losers in 'A' group
IL&FS Transportation Networks Ltd, South Indian Bank Ltd, Aurobindo Pharma Ltd and Sharda Cropchem Ltd are among the other losers in the BSE's 'A' group today, 14 December 2018.
U.S. recession risks jump, Fed rate hike expectations slump: Reuters poll
BENGALURU (Reuters) - The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year.
Japan exports' growth to slow in November, core CPI seen steady : Reuters poll
TOKYO (Reuters) - Japan's exports growth is expected to have cooled in November, a Reuters poll showed on Friday, suggesting a dimming economic outlook amid easing global demand and a U.S.-China trade dispute.
Gold set for biggest weekly fall in 5; firm dollar weighs
BENGALURU (Reuters) - Gold prices fell on Friday and were on track to mark their biggest weekly decline in five weeks due to a firmer dollar, as investor focus shifted towards an expected U.S. interest rate hike next week.
Thyssenkrupp appoints Walker as new boss of elevator unit
FRANKFURT (Reuters) - Industrials conglomerate Thyssenkrupp on Friday appointed Peter Walker as the new chief executive of its prized elevators unit, the group said.
Crude oil futures up on domestic demand
Crude oil prices rose 1.24 per cent to Rs 3,762 per barrel Friday as speculators created fresh positions amid positive cues from the domestic markets. At the Multi Commodity Exchange, crude for delivery in December was trading higher by Rs 46, or 1.24 per cent, to Rs 3,762 per barrel in a business turnover of 17,978 lots. Also, the crude for delivery in February was trading higher at Rs 3,841, up 1.16 per cent, or Rs 44. However, internationally the oil prices dipped amid concerns over slowing economic growth in China, and as investors cashed in on gains of over 2 per cent from the previous session, although supply cuts agreed last week by major crude producers offered some support. The West Texas Intermediate (WTI) crude futures were at USD 52.28 per barrel, down 0.6 per cent, while Brent crude oil futures were at USD 60.99 per barrel, down 0.8 per cent.
Shriram Properties appoints five independent directors
Realty firm Shriram Properties Friday said it has appointed five independent directors to its board, including retired home secretary Anil Goswami. The new independent directors who have joined the board are T S Vijayan (former chairman of LIC as well as IRDA), Anita Kapur (former chairperson of CBDT), K G Krishnamurthy (MD, HDFC Property Ventures), Professor R Vaidyanathan (retired professor of finance, IIM-B) and Anil Goswami (retired home secretary), the company said in a statement. The board also elected M Murali as the chairman and managing director of the company. The new board comprise nine members, including two investor nominees and five independent directors. Murali said the new board would add value to the company's endeavours, as it embarks on the next phase of growth. "We will leverage their experience to further strengthen our governance and managing systems." Shriram Properties is part of the Shriram Group, which is a prominent business group with four decades of ...
WPI inflation dips to 4.6% in November 2018
Core inflation declines to 4.9% in November 2018
Welspun Investments & Commercials Ltd leads losers in 'B' group
Ashima Ltd, Amin Tannery Ltd, Onelife Capital Advisors Ltd and Jain Irrigation Systems Ltd-DVR are among the other losers in the BSE's 'B' group today, 14 December 2018.
Volumes jump at Aster DM Healthcare Ltd counter
Aster DM Healthcare Ltd saw volume of 25.89 lakh shares by 14:13 IST on NSE, a 45.47 fold spurt over two-week average daily volume of 56945 shares