Page 1586 - Business Finance
Dr Reddys Laboratories Ltd leads losers in 'A' group
Power Finance Corporation Ltd, Rallis India Ltd, Jubilant Foodworks Ltd and Lupin Ltd are among the other losers in the BSE's 'A' group today, 12 December 2018.
Samsung to suspend operations at China mobile phone plant
SEOUL (Reuters) - Samsung Electronics will suspend operations at one of its mobile phone manufacturing plants in China, a company spokeswoman said on Wednesday.
Board of Hindusthan Urban Infrastructure allots preference shares to HEIL
At meeting held on 12 December 2018
IIFT organising two-day research conference on global trade, finance from Thursday
The commerce ministry's IIFT said it is organising a two-day research conference starting from Thursday to provide a platform for academic debate and knowledge sharing on issues related to international trade and finance. The Indian Institute of Foreign Trade (IIFT), a deemed-to-be-university, is under the administrative control of the ministry. The conference, to be inaugurated by Commerce and Industry Minister Suresh Prabhu, will be attended by renowned academicians from across the globe, policymakers and economists from various multilateral agencies such as OECD, ILO, and UNESCAP. The participants will exchange views and knowledge in different domain of research in trade and finance. "The sixth research conference on Empirical Issues in International Trade and Finance will be organised at its New Delhi campus," IIFT said in a statement Wednesday. Besides lectures by guests and technical sessions, there will be four policy forums on trade and employment challenges in South Asia, ...
Orient Press Ltd leads losers in 'B' group
Nu Tek India Ltd, NRB Industrial Bearings Ltd, Welspun Investments & Commercials Ltd and Punjab Communications Ltd are among the other losers in the BSE's 'B' group today, 12 December 2018.
Volumes soar at Narayana Hrudayalaya Ltd counter
Narayana Hrudayalaya Ltd clocked volume of 6.39 lakh shares by 14:14 IST on NSE, a 25.58 times surge over two-week average daily volume of 24972 shares
Alstom, Siemens offer Brussels merger concessions
French and German engineering giants Alstom and Siemens said Wednesday they had offered EU regulators concessions they believed would meet concerns over the planned merger of their railway businesses. The European Union, citing the possible impact on competition, launched an in-depth investigation earlier this year into the merger of the rail activities at Alstom, the state-controlled maker of France's iconic TGV trains, and Germany's Siemens. "The two sides believe that these remedies are appropriate and adequate," Alstom and Siemens said in a joint statement. There was no guarantee however that the remedies would be accepted by Brussels, they said, adding that they expected a response by February 19. The remedies could include asset sales, and technology or licence transfers, an Alstom spokesman told AFP. The tie-up is politically sensitive, with the group headquarters set to be in the Paris area while initially, Siemens will hold a 50-percent stake in the new entity. However, the ..
Foreigners bought Asian bonds in November as trade tensions fade
(Reuters) - Foreigners were net buyers of Asian bonds in November as concerns over Sino-U.S. trade war and higher U.S. yields abated, bolstering capital inflows into the region.
Sushma group buys land from Shipra group for Rs 250 cr
Punjab-based realty firm Sushma group has bought a 60-acre land at Zirakpur from NCR-based developer Shipra group for about Rs 250 crore to develop housing and commercial projects, a top company official said Wednesday. Sushma group has raised Rs 110 crore from IIFL to partly fund the land acquisition, its Executive Director Prateek Mittal said. "Shipra group has 260 acre of licensed land parcel to develop a township project. We have bought 60 acre from them for a consideration of about Rs 250 crore," he told PTI. While the company would construct housing project in 40 acre, the remaining 20 acre will be for 2 million sq ft of mixed-use development, he added. Sushma group would develop 900 independent villas and 1,000 apartments, Mittal said. In the mixed-use development, it would construct office space, retail and hotel, among others. The project will be developed over the next 5 years. Mittal expects housing demand to rise in Zirakpur, which has seen very limited supply of new homes
Iraq lifts oil production at Halfaya oilfield to 370,000 bpd
HALFAYA OILFIELD, Iraq (Reuters) - Iraq has increased production at its southern Halfaya oilfield by 100,000 barrels per day (bpd) to a total of 370,000 bpd, an oil official told Reuters on Wednesday.
Decisive leadership must to make India $5-trn economy:Fadnavis
Maharashtra chief minister Devendra Fadnavis Wednesday said that for India to achieve its target of USD 5 trillion economy there needs to be a decisive leadership. Speaking at the India Economic Conclave here Fadnavis said that a leadership with policy paralysis cannot achieve growth despite any amount of demographic advantage. "Today we have become the sixth largest and fastest growing economy in the world and considering the strategic and cultural reforms we have undertaken in the last four years I believe we will be able to achieve the USD 5 trillion target," he said. Fadnavis further said India has opportunities in the form of demographic dividend, democracy and demand and thus it is time to aspire and take systemic efforts to achieve the target. "A leadership with policy paralysis cannot achieve growth despite any amount of demographic advantage. Today, we have a decisive leadership under prime minister Narendra modi... The biggest advantage of India is the ...
Indivior wins fresh hold on Dr. Reddy's Suboxone copy
(Reuters) - Indivior Plc has secured another hold on the launch of a generic competitor to its best-selling opioid addiction drug in the United States, the London-listed company said on Wednesday.
Sensex, Nifty hold firm
Firmness prevailed on the bourses in afternoon trade on sustained buying demand in index pivotals. At 13:16 IST, the barometer index, the S&P BSE Sensex, was up 318.79 points or 0.91% at 35,468.80. The Nifty 50 index was up 93.15 points or 0.88% at 10,642.30.
Coal India Ltd soars 1.71%, rises for third straight session
Coal India Ltd is quoting at Rs 246.25, up 1.71% on the day as on 12:49 IST on the NSE. The stock is down 6.42% in last one year as compared to a 4.53% gain in NIFTY and a 12.51% gain in the Nifty Metal index.
Salvaging trust after Urjit Patel's exit (Comment)
Disagreements between the government and the central bank are a common occurrence in any economy. It is an expected outcome, given their contrasting roles where one has to maintain the growth of the economy at a healthy pace while the other has to ensure price stability, which sometimes dampens growth prospects. However, this time it was different as weeks of animosity between North Block and Mint Street has culminated in the resignation of the RBI Governor, Urjit Patel.
'Government ID Authentication' feature comes to Adobe Sign
To help banking and financial services companies go further paperless, Adobe has announced a new signer identification feature called "Government ID Authentication" that uses a physical ID, like a driver's license or passport, as a form of digital ID authentication.
ACC gains after announcing expansion plan
ACC rose 3.16% to Rs 1,479.45 at 13:29 IST on BSE after the company announced capacity expansion proposals to strengthen presence.
Aluminium futures slide on weak demand, global cues
Aluminium prices declined by 0.39 per cent to Rs 139.40 per kg in futures trade Wednesday as speculators cut their bets amid weak trend overseas. At the Multi Commodity Exchange, aluminium for delivery in December fell by 0.55 paise, or 0.39 per cent, to Rs 139.40 per kg in a business turnover of 3,254 lots. Likewise, the metal for delivery in January next year was trading lower by 0.65 paise, or 0.46 per cent, to Rs 139.85 per kg in 1,216 lots. Analysts said trimming of positions by participants in line with weak trend overseas mainly attributed the slide in aluminium prices at futures trade. Globally, however, aluminium traded higher at USD 1,949.50 at London Metal Exchange.
Oil prices climb on OPEC-led supply cuts, Asian stock rally
SINGAPORE (Reuters) - Oil prices rose by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilise the supply-demand balance.
Dassault Systemes acquires software firm IQMS for $425 mn
France-based 3D Experience leader Dassault Systemes has entered into a definitive agreement to acquire California-based software company IQMS for $425 million.