Page 1563 - Business Finance
Castor seed futures rise on robust demand
Castor seed prices Friday strengthened by Rs 4 to Rs 5,450 per quintal in futures trade, mainly induced by strong demand in the spot markets. Marketmen attributed the upsurge in the castor seed futures prices to robust demand for paint, soap and lubricant industries and tight stock position on faltered supplies from growing belts. At the National Commodity and Derivatives Exchange counter, castor seed delivery for the January hardened by Rs 4 or 0.07 per cent to Rs 5,520 per quintal, having an open interest of 1,46,305 lots. However, the delivery for February dipped by Rs 2 or 0.04 per cent to Rs 4,767 per quintal, with the business turnover of 29,865 lots.
Oil prices fall amid China economy worries, lingering supply glut
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.
US stocks end on a mixed note
Utilities, consumer staples and real estate groups finish with gains
It often goes to best connected than poor: Rajan on farmer loan waivers
Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday claimed that the loan waivers for farmers actually go to the "best connected rather than the poorest".He also underlined as to how it creates problems for the fiscal of the state too."Certainly, there is a reason to discuss about farm distress but the question of whether the flows to farmers is best affected by waiving loans, after all this only a subset of farmers who get those loans and it often goes to the best connected rather than the most poorly off. It obviously creates enormous problems for the fiscal of the state once those waivers are done," Rajan said at an event here.The former RBI chief also took the occasion to assert that Indian farmers deserve no less and that there is a need to create an environment in which they can be a vibrant force."To the question of whether there are fiscal transfers needed for farmers, is certainly an issue that needs to be debated but also investment is needed in that. You ..
Market slips into the red; breadth turns negative
The key equity indices once again slipped into negative terrain in mid-morning trade. At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 72.72 points or 0.20% at 35,856.92. The Nifty 50 index was down 22.55 points or 0.21% at 10,769. The Nifty slipped below the 10,800 mark after crossing that level in morning trade. Negative cues from other Asian markets spoiled investors sentiment.
Time is right to bet big on India, says Blackstone's Schwarzman: ET
(Reuters) - A reform-oriented government, weak rupee, bumper exits and new opportunities in bankruptcy and structured capital services will likely make India favourable for aggressive purchases by Blackstone in 2019, its Chairman Stephen Schwarzman told the Economic Times in an interview published Friday.
Hong Kong Stocks sink on soft China economic data
Trade sentiment soured after China's industrial output and retail sales growth for the month of November missed expectations, reinforcing worries about a slowdown in the world's second largest economy amid trade tensions with the U.S. China's retail sales grew at the weakest pace since 2003, while industrial output grew at its slowest pace in nearly three years.
China Market falls as China economy weakens
ECONOMIC NEWS: China's fixed-asset investment up in November --China's industrial output in November grew 5.4% year-on-year, 0.5 percentage points lower than October, the National Bureau of Statistics said on Friday. Fixed-asset investment growth was 5.9% in the first 11 months, quickening by 0.2 percentage points compared with the first 10 months.
Japan Nikkei tumbles on profit taking
Trade sentiment soured after the Bank Of Japan's tankan survey showed that large Japanese manufacturers' sentiment index for the outlook worsened for the first time in three quarters.
Australia Stocks loses steam on weak China economic data
Investors risk sentiments were muted after weaker than expected economic data from China, Australia's largest trading partner. China's industrial output and retail sales growth for the month of November missed expectations, reinforcing worries about a slowdown in the world's second largest economy amid trade tensions with the U.S. China's retail sales grew at the weakest pace since 2003, while industrial output grew at its slowest pace in nearly three years.China's fixed-asset investment up in November --China's industrial output in November grew 5.4% year-on-year, 0.5 percentage points lower than October, the National Bureau of Statistics said on Friday. Fixed-asset investment growth was 5.9% in the first 11 months, quickening by 0.2 percentage points compared with the first 10 months.
Alembic Pharmaceuticals allots NCDs aggregating Rs 350 crore
On private placement basis
Volumes spurt at JM Financial Ltd counter
JM Financial Ltd notched up volume of 16.81 lakh shares by 10:48 IST on BSE, a 31.04 fold spurt over two-week average daily volume of 54151 shares
TVS launches three new products in Peru
TVS Motor Company Friday said announced the launch of three new products -- super-premium motorcycle TVS Apache RR 310, 125cc scooter TVS NTORQ 125 and motorcycle TVS Apache RTR 160 4V -- in the Peru market. TVS Motor Company in partnership with its local distributors Indian Motos, also announced the opening of a showroom in Lima. Indian Motos distributes TVS Motor Company products to over 170 sales points across Peru, the company said in a statement. TVS Motor Company Senior Vice President, International Business R Dilip said the company is optimistic about strengthening its presence in the Peru market with the help of its distributors Indian Motos. "In our six-year association, they have helped establish our brand in the country especially in terms of three-wheelers. Today, we are delighted to launch three new products and open a state-of-the-art showroom in Peru," he added. TVS Apache RR 310 is the first super-premium motorcycle brand from the company. TVS NTORQ 125 has been ...
IOCL gains as board approves buyback, interim dividend
Indian Oil Corporation rose 3.02% at Rs 141.35 at 10:21 IST on BSE after the company's board of directors approved share buyback and interim dividend.
Benchmarks hit fresh intraday high
The market bounced back from early lows and hit fresh intraday high in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 55.78 points or 0.16% at 35,985.42. The Nifty 50 index was up 20.10 points or 0.19% at 10,811.65. The Nifty crossed the 10,800 mark in morning trade.
Japan Abe's ruling bloc endorses tax breaks on cars, mortgages; fiscal reform in doubt
TOKYO (Reuters) - Japan's ruling coalition lawmakers said on Friday they will give tax breaks to car buyers to offset the impact of a sales tax hike planned for next year, amid the looming threat of steep tariffs on its auto exports to the United States.
Market slips on negative Asian cues
Key benchmark indices were trading lower in early trade amid negative cues from Asian market. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 106.98 points or 0.30% at 35,822.66. The Nifty 50 index was down 28.30 points or 0.26% at 10,763.25.
Infosys forms JV with Hitachi, Panasonic Corporation and Pasona Inc.
Infosys will acquire 81% of the shareholding in Hitachi Procurement Service Co., Hitachi's fully owned subsidiary that currently handles indirect materials purchasing functions for the Hitachi Group. Hitachi, Panasonic and Pasona will be minority shareholders of the entity.
Gold steady as investor focus turns to Fed meet
BENGALURU (Reuters) - Gold prices were steady on Friday supported by the uncertainty around the Federal Reserve's policy outlook for next year but the metal was on track to mark its biggest weekly decline in five weeks, as a firmer dollar weighed on the sentiment.
Sensex, Nifty opens in green; banking stocks down
The Sensex and Nifty on Friday opened with slight gains. However, minutes into the trading key indices slipped in the red tracking its global peers.