Page 1577 - Business Finance

Tilaknagar Industries Ltd Spikes 5.55%

Tilaknagar Industries Ltd has added 4.98% over last one month compared to 4.85% gain in S&P BSE FMCG Sector index and 2.43% rise in the SENSEX

Bonds, rupee rise after November inflation eases sharply

MUMBAI (Reuters) - India's bonds rose on Thursday after inflation eased sharply in November, bolstering expectations of a rate cut sooner than expected, while the rupee also strengthened as global trade tensions eased.

Market jumps in opening trade; breadth strong

Key benchmark indices were trading higher in early trade, tracking positive leads from Asian markets and overnight gains on the Wall Street. At 9:19 IST, the barometer index, the S&P BSE Sensex, was up 206.40 points or 0.58% at 35,985.47. The Nifty 50 index was up 63 points or 0.59% at 10,800.60.

Over 2.1 crore households electrified in past two months

Over 2.1 crore households have been electrified since October 11 last year, the Union Power Ministry has said. The nation is expected to achieve 100 per cent household electrification by December 31, 2018."Nine states have achieved 100 per cent saturation in household electrification under Saubhagya scheme. These states are Madhya Pradesh, Tripura, Bihar, J&K, Uttarakhand, Mizoram, Sikkim, Telangana, and West Bengal," the ministry said in a statement.Thus, a total of 16 states in the country now have 100 per cent household electrification. Many more state like Maharashtra, Manipur, Arunachal Pradesh, and Chhattisgarh are left with a small number of un-electrified households and expected to achieve saturation any time, added the ministry.More than two crore electricity connections were released under Saubhagya and 100 per cent village electrification achieved under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), the ministry said."Energy deficit reduced to almost zero and India ...

Lupin in focus as EU Court upholds fine in Perindopril litigation

Lupin announced that the General Court of the European Union has delivered its judgment concerning Lupin's and other companies appeal against the European Commission's (EC) 2014 decision in the Perindopril litigation. The General Court upheld the EC's decision holding Lupin liable to pay a fine of EUR 40 million. Lupin will study the General Court's judgment and evaluate further course of action. The announcement was made after market hours yesterday, 12 December 2018.

Positive global cues may push domestic shares higher

Market is seen extending recent gains, tracking positive leads from Asian markets and overnight gains on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 48 points at the opening bell.

Aegon Life Insurance plans to tie up e-commerce players, build brand equity

With a business strategy of acquiring policy-holders through digital mode sans intermediaries, Aegon Life Insurance Company plans to tie up with e-commerce players, expand product portfolio and build brand equity, said a top company official.

U.S. oil prices inch up amid stockpile drop, signs of easing trade tensions

SINGAPORE (Reuters) - U.S. oil prices edged up on Thursday, buoyed by a drawdown in inventories and by signs of easing trade tensions between Washington and Beijing.

Global Markets: Asian shares, sterling up on pause in Brexit, trade fears

SHANGHAI (Reuters) - Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.

Exclusive: China makes first big U.S. soybean purchase since Trump-Xi truce

CHICAGO (Reuters) - China on Wednesday made its first major purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to U.S. farmers who have struggled to find buyers for their record-large harvest.

United Airlines CEO doubles down on growth strategy as stock rides tailwind

CHICAGO (Reuters) - With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.

ECB worries multiply even as money-printing presses stop

FRANKFURT (Reuters) - The European Central Bank is all but certain to formally end its lavish bond purchase scheme on Thursday but will take an increasingly dim view on growth, raising the odds that its next step in removing stimulus will be delayed.

China's Zhoushan to go after Singapore marine hub's top billing

ZHOUSHAN, China/SINGAPORE (Reuters) - China's port city of Zhoushan is planning to challenge Singapore's dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world's biggest ports and Beijing's support to give it an edge.

Salvini accuses EU of double standards over Italy's budget

Jerusalem, Dec 13 (IANS/AKI) Italy's Deputy Prime Minister Matteo Salvini on Wednesday said that the European Union (EU) should treat Italy and France equally over their higher than originally planned budget deficits next year.

Wall Street closes up, investors optimistic on China trade

NEW YORK (Reuters) - U.S. stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.

Oil ends lower on Iran comments despite Libya, OPEC supply cuts

NEW YORK (Reuters) - Oil ended lower on Wednesday after reports that Iran's oil minister said divisions exist within the Organization of the Petroleum Exporting Countries, leading futures to give up earlier gains on OPEC-led production curbs and export cuts from Libya.

Wall Street rises on U.S.-China trade optimism

(Reuters) - U.S. stocks were up 1 percent on Wednesday afternoon, though well below their session highs, as investors were hopeful about U.S.-China trade relations after the latest comments from both sides and eyed some reassuring signs in British politics.

Wall Street ends up on trade optimism but off day's highs

NEW YORK (Reuters) - U.S. stocks closed up but well below their session highs on Wednesday as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.

Global Markets: Trade thaw lifts stocks, sterling rises on May bets

NEW YORK (Reuters) - A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote.

Corrected: Wall Street rises on U.S.-China trade optimism

(Reuters) - (The story corrects spelling in paragraph 6 to Stirling)