Page 1575 - Business Finance
Federal Bank Ltd up for third straight session
Federal Bank Ltd is quoting at Rs 90.05, up 2.27% on the day as on 12:49 IST on the NSE. The stock is down 13.2% in last one year as compared to a 5.33% jump in NIFTY and a 6.94% jump in the Nifty Bank index.
IDFC Bank Ltd soars 2.79%, up for third straight session
IDFC Bank Ltd is quoting at Rs 38.65, up 2.79% on the day as on 12:49 IST on the NSE. The stock is down 25.82% in last one year as compared to a 5.33% gain in NIFTY and a 6.94% gain in the Nifty Bank index.
TVS Motor Company Ltd up for fifth straight session
TVS Motor Company Ltd is quoting at Rs 572, up 0.25% on the day as on 12:44 IST on the NSE. The stock is down 23.65% in last one year as compared to a 5.29% jump in NIFTY and a 17.88% jump in the Nifty Auto.
Oil prices rise as Sino-U.S. trade tensions show signs of easing
SINGAPORE (Reuters) - Oil prices edged higher on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China, the world's two largest economies and the top two oil consumers, is easing.
Glitterati Gets Real in Virtual World With Vaibhav Jewellers
/ -- A New Era of Luxury E-commerce Taking online shopping experience to the next level, Vaibhav Jewellers is offering its customers a real-time video product tour using high-end HD cameras through their online portal http://www.vaibhavjewellers.com . Their in-house Jewellery experts evaluate the product expectations of the customer and guide them in selecting the right item. In addition, the uber exclusive and design-centric jewellery selected by the customers will be worn by customer relation executives. This helps a customer get an exact idea of the product's distinctiveness, appearance and finesse. Video shopping of this kind will not only provide an enhanced shopping experience, but will also help customers make the right choice. (Photo: https://mma.prnewswire.com/media/797344/Keerthana_Grandhi_Director_Vaibhav_Jewellers.jpg ) The project is the brainchild of Ms. Keerthana Grandhi, Director of Vaibhav Jewellers. Terming video shopping 'A New Era of Luxury E-commerce', Ms Grandhi
Autoplant System recognized in Gartner Market Guide for real-time visibility providers, 2018
Autoplant System, a leading provider of IoT enabled Logistics Solutions, today announced that it has been recognized as a representative vendor in the Gartner "Market Guide for Real-Time Visibility Providers, 2018".The report, published on 27th November 2018, is a market guide for supply chain leaders to get an overview of the market, trends, and vendors in the real-time visibility platform space.It presents key findings of increased demand for real-time visibility, a scope for improving the efficiencies in various stages of the supply chain and it's the potential impact on transportations cost.In this report, Gartner refers to one of its supply chain survey which shows that traceability/real-time visibility ranks as the highest priority initiative taken in the supply chain."Our inclusion in Market Guide for Real-Time Visibility Providers by Gartner affirms our vision of transforming logistics through IoT. Its time companies took advantage of this concept and revolutionize their ...
The Highs and Lows of Indian Real Estate in 2018 - ANAROCK Report
/ -- New housing supply estimated at 1,93,600 units by 2018 end; annual increase of 32% Housing sales in 2018 estimated at 2,45,500 units; annual increase of 16% NBFC crisis holds sector at gun-point as 2019 begins Anuj Puri, Chairman, ANAROCK Property Consultants, Comments on 'The Highs and Lows of Indian Real Estate in 2018' Year 2018 was a veritable roller-coaster ride for the Indian real estate. Despite signs of recovery across segments, the liquidity crunch - further exacerbated by the NBFC crisis - put all industry stakeholders on tenterhooks. Consolidation via mergers and acquisitions was rife in all sectors, completely redefining the concept of 'financial health' among players and drawing clear lines on who will survive the heat. This process will continue throughout 2019, as well. (Logo: https://mma.prnewswire.com/media/701435/ANAROCK_Logo.jpg ) Despite all odds, economic indicators remained positive with India's GDP growth rate pegged at 7.3% in 2018. CPI inflation, a major
Market trades in a range; breadth strong
The key equity indices were trading in a narrow range with decent gains in early afternoon trade. At 12:19 IST, the barometer index, the S&P BSE Sensex, was up 144.43 points or 0.40% at 35,923.50. The Nifty 50 index was up 47.35 points or 0.44% at 10,784.95. The Nifty was trading below 10,800 mark after opening above that level. Cement shares advanced. Most telecom shares rose.
Oilfield auction deferred by a month: DGH
The government has deferred by one month the auction of 25 oil and gas fields that hold resources worth an estimated Rs 1 lakh crore, upstream regulator DGH said. The second round of Discovered Small Fields (DSF) auction opened in August and December 18 was the last date for submission of bids. "Due to consistent demand of investors, the last date for submission of bids for India DSF Bid Round-II is now extended till 1200 hrs January 18, 2019," the Directorate General of Hydrocarbons (DGH) said in a tweet. Bids will be opened on the same day, it added. In 2016, the government brought in a new DSF policy wherein 'idle' small discovered fields of state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) were taken away from the companies and auctioned to private players on liberalised terms including marketing and pricing freedom and lower taxes. ONGC and OIL say they have not been able to develop the fields due to their small size and current capped prices making their ...
Global Markets: Asian shares rally on U.S.-China trade thaw
SHANGHAI (Reuters) - Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy.
Pricol Ltd leads gainers in 'B' group
EIH Associated Hotels Ltd, R S Software (India) Ltd, Indo Rama Synthetics (India) Ltd and Orissa Minerals Development Company Ltd are among the other gainers in the BSE's 'B' group today, 13 December 2018.
Tata Motors to hike PV prices across models by up to Rs 40,000 from Jan 1
Tata Motors Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices. The company's passenger vehicles portfolio ranges from entry-level small car Nano to the premium SUV Hexa, which are currently priced between Rs 2.36 lakh and Rs 17.97 lakh (ex-showroom Delhi). The company will launch its new premium SUV Harrier in January. "The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," Tata Motors President of Passenger Vehicles Business Unit Mayank Pareek said in a statement. The company would be increasing prices of its entire passenger vehicles range by up to Rs 40,000 (depending on the model and city), starting January 1, 2019, the statement added. Tata Motors joins other companies such as Maruti Suzuki, Toyota Kirloskar, BMW and Isuzu, which have also said they would ...
Investors cut short positions on most Asian currencies; yuan bear bets at 21-month low: Reuters poll
(Reuters) - Bearish bets on most Asian currencies fell over the past two weeks, a Reuters poll showed on Thursday, as the U.S. Federal Reserve is widely expected to hold rates next year after a near certain hike next week.
Ujjivan Financial Services Ltd leads gainers in 'A' group
Indiabulls Housing Finance Ltd, IIFL Holdings Ltd, Avanti Feeds Ltd and Repco Home Finance Ltd are among the other gainers in the BSE's 'A' group today, 13 December 2018.
Castor seed prices dip by Rs 24
Castor seed prices dipped by Rs 24 to Rs 5,542 per quintal in futures trade Thursday after investors widened their bets amid firm spot market trend. At the National Commodity and Derivatives Exchange, castor seed for February was trading higher by Rs 24, or 0.43 per cent, to Rs 5,542 per quintal. Castor seed for March next year, too, dipped by Rs 12, or 0.21 per cent, to Rs 5,622 per quintal, with an open interest of 3,200 lots.
Finablr's UAE Exchange, Ripple to begin blockchain payments by first quarter
DUBAI (Reuters) - United Arab Emirates-based UAE Exchange and U.S. startup Ripple plan to launch cross-border remittances to Asia via blockchain by the first quarter of 2019, UAE Exchange's group CEO said in an interview.
Japan's SoftBank to shun Huawei in favour of Ericsson, Nokia equipment -Nikkei
TOKYO (Reuters) - SoftBank Group Corp plans to replace 4G network equipment from China's Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
SORIL Infra Resources hits the roof
SORIL Infra Resources was locked in 5% upper circuit at Rs 293.60 at 11:05 IST on BSE after the company initiated the process to foray into financial services business.
Shares trim early gains; breadth strong
The market pared gains in mid-morning trade as profit booking emerged at higher levels. At 11:20 IST, the barometer index, the S&P BSE Sensex, was up 161.39 points or 0.45% at 35,940.46. The Nifty 50 index was up 48 points or 0.45% at 10,785.60. The Nifty slipped below 10,800 mark after opening above that level.
US stocks end with good gains
The consumer discretionary, materials, health care and IT led gains