Page 1562 - Business Finance
Motherson Sumi Systems Ltd rises for third straight session
Motherson Sumi Systems Ltd is quoting at Rs 166.75, up 3.12% on the day as on 12:49 IST on the NSE. The stock is down 33.46% in last one year as compared to a 4.56% gain in NIFTY and a 19.25% gain in the Nifty Auto index.
Dish TV India Ltd soars 0.93%, rises for fifth straight session
Dish TV India Ltd is quoting at Rs 37.9, up 0.93% on the day as on 12:44 IST on the NSE. The stock is down 52.6% in last one year as compared to a 4.51% spurt in NIFTY and a 23.52% spurt in the Nifty Media.
Lower food prices ease India's WPI to 4.64% in November
Lower food and fuel prices eased India's annual rate of inflation based on wholesale prices to 4.64 per cent in November from 5.28 per cent in October, official data showed here on Friday.
Sagisu raises USD 2.1 mn funding
Logistics solution provider Sagisu Friday said it has secured fresh round of seed funding of USD 2.1 million (around Rs 15.07 crore) to fuel its growth ambitions. The investment comes on the back of Sagisu's steadily growing business model and a burgeoning customer base. The company will use the funds to build smart logistic hubs and further expand into new geographies along with scaling up their technology platform and sales /supply organization capabilities, the company said in a statement. Sagisu said, the funding commitment is from prominent investors in US and India, and it aims to build 50 smart hubs and expand into major cities in India. Sagisu is a business to business (B2B) logistics platform with current operations in Bengaluru with over 100 aggregated trucks. In May 2016, Mithun Kadur an IIM Bengaluru alumnus founded Sagisu to improve efficiencies in logistics.
Wholesale Price Inflation At Three Month Low
The official Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) for the month of November, 2018 rose by 0.1% to 121.8 (provisional) from 121.7 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 4.64% (provisional) for the month of November, 2018 (over November, 2017) as compared to 5.28% (provisional) for the previous month and 4.02% during the corresponding month of the previous year. The current level is lowest in last three months. Build up inflation rate in the financial year so far was 4.73% compared to a build up rate of 2.83% in the corresponding period of the previous year.
India's November wholesale inflation eases to 4.64%
India's annual rate of inflation based on wholesale prices eased to 4.64 per cent in November from 5.28 per cent in October, official data showed here on Friday.
Gold futures rise marginally on firm global trend
Gold prices rose by Rs 2 to Rs 31,529 per 10 gram in futures trading Friday as speculators widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 2, or 0.01 per cent, to Rs 31,529 per 10 gram, in a business turnover of 13,984 lots. Similarly, the far-month April rates of the precious metal was up Rs 3, or 0.01 per cent, at Rs 31,695 per 10 gram, with a business volume of 2,092 lots. Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.1 per cent to trade at USD 1,246.4 an ounce in Singapore.
Global Markets: Asian shares jolted by grim Chinese data, growth risks
TOKYO (Reuters) - Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world's second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute.
Fortis Healthcare plunges; report says Supreme Court puts sale on hold
(Reuters) - Shares of Fortis Healthcare Ltd posted its biggest intraday fall in over 8-1/2 months after a CNBC TV18 report said the Supreme Court put its sale to Malaysia's IHH Healthcare on hold.
Superyacht in Malaysia scandal can be yours for $130 million
KUALA LUMPUR (Reuters) - Malaysia has set a $130 million pricetag for a superyacht seized from a fugitive financier wanted in connection with a multi-billion dollar scandal at state fund 1MDB, a government lawyer said on Friday.
Benchmarks trade almost flat
The market was almost flat in early afternoon trade. At 12:28 IST, the barometer index, the S&P BSE Sensex, was down 7.44 points or 0.02% at 35,922.20. The Nifty 50 index was down 1.20 points or 0.01% at 10,790.35. The Nifty was trading below the 10,800 mark after crossing that level in morning trade. Negative cues from other Asian markets capped gains.
Deutsche Telekom reviews vendors in light of China security debate
FRANKFURT (Reuters) - Deutsche Telekom, Europe's largest telecoms company, said on Friday it was reviewing its network vendor strategy in light of a debate on the security of Chinese network equipment that it was taking "very seriously".
Oil prices drop amid China economy worries, but output cuts support
SINGAPORE (Reuters) - Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support.
PG Electroplast Ltd leads gainers in 'B' group
Mandhana Retail Ventures Ltd, Cineline India Ltd, Mangalam Timber Products Ltd and Premier Explosives Ltd are among the other gainers in the BSE's 'B' group today, 14 December 2018.
WPI inflation falls to 4.64 pc in November on softening food prices
Inflation based on wholesale prices fell to a three-month low of 4.64 per cent in November, as prices of food articles, especially vegetables, softened. The Wholesale Price Index (WPI)-based inflation stood was 5.28 per cent in October and 4.02 per cent in November last year. According to the government data released Friday, food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in October. 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. Individually, in petrol and diesel it was 12.06 per cent and 20.16 per cent, respectively, and for liquified petroleum gas (LPG) it was 23.22 per cent during October. Among food articles, potato prices continued to ..
Nifty, Sensex snap three-day rally as consumer, financials drag
(Reuters) - Indian shares edged lower in line with broader Asia on Friday as investors booked profits after a three-day rally, with financials and consumer stocks leading the losses, but Bharti Airtel Ltd surged on a regulatory win.
Japan ruling bloc endorses tax breaks on cars, homes; fiscal reform in doubt
TOKYO (Reuters) - Lawmakers from Japan's ruling coalition said on Friday they will give tax breaks to car buyers to offset a sales tax hike planned for next year, amid the looming threat of steep tariffs on Japanese auto exports to the United States.
Infosys advances after announcing joint venture
Infosys rose 1.23% to Rs 705.50 at 11:45 IST on BSE after the company announced joint venture with Hitachi, Panasonic and Pasona in Japan to accelerate business process transformation for enterprises leveraging digital procurement platforms.
Max India Ltd leads gainers in 'A' group
Reliance Naval & Engineering Ltd, PC Jeweller Ltd, Vodafone Idea Ltd and Power Finance Corporation Ltd are among the other gainers in the BSE's 'A' group today, 14 December 2018.
Escorts gets revision in credit ratings
From India Ratings & Research