Page 1595 - Business Finance
IMF warns storm clouds gathering for global economy
LONDON (Reuters) - One of the International Monetary Fund's top officials warned on Tuesday that storm clouds were gathering over the global economy and that governments and central banks might not be well- equipped to cope.
Global Markets: Tentative rebound masks unease over Brexit, trade and growth
LONDON (Reuters) - Stocks rose tentatively on Tuesday as investors picked through the rubble of conflagrations in some of the world's top economies amid uncertainty over Brexit, a China-U.S. trade war, and French protests.
New RBI chief announcement likely on Tuesday - ET Now
MUMBAI (Reuters) - The Indian government is likely to appoint the new Reserve Bank of India Governor later on Tuesday, ET Now television channel said citing a report by local news agency Cogencis.
Mahindra appoints Manoj Chugh as President for group public affairs
Mahindra & Mahindra (M&M) Tuesday said it has appointed Manoj Chugh as President - group public affairs and member of the company's group executive board with effect from January 1, 2019. Chugh takes over this new role from S Ramkrishna who has retired from the company, M&M said in a statement. "With the growing scale and complexity of the Mahindra Group, proactive engagement with the government at both the national and state levels is a critical success factor for our businesses both in India and abroad," M&M Group President (HR and Corporate Services) and CEO (After-Market Sector) Rajeev Dubey said. Given his vast experience with new-age digital technologies, Chugh will add a valuable new dimension to company's government relations at a time when digital India is a priority, he added. An alumnus of the Indian Institute of Technology (IIT), Kharagpur, Chugh currently leads Tech Mahindra's enterprise business, which spans 70 plus global markets.
2018 Autocar Performance Show set to Thrill Car and Bike Enthusiasts
/ -- The 13th edition of the Autocar Performance Show, Mumbai's largest auto show, will be held at the Bandra-Kurla Complex in Mumbai, from December 13th - 16th, 2018. This much-awaited, four-day extravaganza is a celebration of the best cars and bikes the Indian market has to offer. It will also showcase some of the fastest cars and bikes in the world to thrill auto enthusiasts. This year, a record number of brands will participate in the Autocar Performance Show including Lamborghini, Maserati, Porsche, Audi, BMW, Lexus, Mercedes-Benz, Volvo, Jeep, MG Motor, Skoda, Hyundai, Kia, Mini, Renault, Honda, Maruti Suzuki Arena, Ford, Tata Motors, Mahindra & Mahindra, Nissan, Toyota, BMW Motorrad, Harley-Davidson, Ducati, Kawasaki, Triumph Motorcycles, TVS Motor Co, Suzuki Motorcycle India and Motoroyale Kinetic. In addition, the Accessory Zone will display a varied range of products that makes a car look better and go faster. There's plenty of live action too in the Mahindra 4x4 Zone,
TV SD Joins Hands With Indian Leather Products Association (ILPA) as a Technical Partner for the ILPA Buyer-Seller Summit (BSS) 2019
/ -- TV SD South Asia partners with Indian Leather Products Association (ILPA) & will support ILPA Buyer-Seller Summit (BSS) as a technical partner The two-day event organised by ILPA will showcase an international collection of some of the most recent and premium quality leather products from the manufacturers/exporters of Kolkata and will aim to reach newer markets The summit will be held in Kolkata on 28th & 29th January, 2019 TV SD, the German testing, inspection, training and certification giant, has partnered with Indian Leather Products Association (ILPA) as a technical and quality support provider for their annual Buyer-Seller Summit (BSS) 2019. The event will be held in Kolkata on 28th & 29th January, 2019 where 42 major manufacturers will be showcasing a wide range of premium leather products. The summit will be organised to expand footprint in newer markets and for showcasing premium quality leather products manufactured in eastern India. (Logo: ...
IIM Ahmedabad to conduct management training programmes for CAs
The chartered accountants apex body ICAI has signed an MoU with the Indian Institute of Management, Ahmedabad for conducting management training programmes for CAs. The objective of the initiative is to establish mutual cooperation between the institutes for offering and co-hosting open enrolment and customized training programs exclusively for Chartered Accountants (CAs). "Mutual collaboration will bring a new dimension to the area of accounting and management education in the country. Courses conducted under the MoU will provide opportunity for chartered accountants to enhance their management skill sets required for key positions in business and industry," said Naveen N D Gupta, President, Institute of Chartered Accountants of India (ICAI). "The MoU will benefit the chartered accountants in acquiring a number of skills required in today's digitised and fast-changing business environment. Participants will be exposed to emerging concepts, technology and business practices in ...
Poorvika Mobiles forays into Maharashtra
: City-based mobile retailer Poorvika Mobiles has forayed into the western region by setting up its first store in Mumbai, Maharastra. The store was inaugurated at Phoenix Market City mall in Mumbai by chief executive officer of the company N Uvaraj, a press release said here. "As we see big opportunities in the western region, we believe we will continue expansion in future. Through modern, high-tech and innovative infrastructure of our showrooms, we assure customers of a unique experience," the release quoted Uvaraj as saying. Currently, Poorvika has 350 outlets in Tamil Nadu, Karnataka, Kerala and Puducherry, the release added.
Mindtree.org launches social inclusion platform for local entrepreneurs in informal economy
The purpose of the Mindtree.org digital platforms is to make digital technology and professional services accessible to millions of local entrepreneurs working in the informal economy. These initiatives help to set up profitable micro-businesses, connected communities and networked marketplaces, improving their income and standard of living.
Board of Krishna Capital & Securities approves change in company secretary
At meeting held on 11 December 2018
Vakrangee Ltd leads losers in 'A' group
IL&FS Transportation Networks Ltd, Edelweiss Financial Services Ltd, Sun TV Network Ltd and Oberoi Realty Ltd are among the other losers in the BSE's 'A' group today, 11 December 2018.
Manappuram Finance to raise up to Rs 10 crore
Through private placement of NCDs
Punj Lloyd Ltd leads losers in 'B' group
Ultracab (India) Ltd, Bhartiya International Ltd, Soma Textiles & Industries Ltd and Motor & General Finance Ltd are among the other losers in the BSE's 'B' group today, 11 December 2018.
Volumes spurt at 3M India Ltd counter
3M India Ltd notched up volume of 31226 shares by 14:14 IST on NSE, a 26.63 fold spurt over two-week average daily volume of 1173 shares
Benchmarks trade with modest gains
The market was trading with modest gains in mid-afternoon trade, tracking positive opening in European shares. At 14:17 IST, the barometer index, the S&P BSE Sensex, was up 123.48 points or 0.35% at 35,083.20. The Nifty 50 index was up 41.35 points or 0.39% at 10,529.80.
India to wait and watch impact of oil producers' output cut: Pradhan
India on Tuesday announced a "wait-and-watch" position on the the Organization of the Petroleum Exporting Countries' (OPEC) and non-OPEC producers' decision last week to lower their production of crude oil by 1.2 million barrels per day for a six-month period.
IMF warns storms clouds gathering for global economy
LONDON (Reuters) - One of the International Monetary Fund's top officials warned on Tuesday that storm clouds were gathering over the global economy and that governments and central banks might not be well equipped to cope.
Sebi plans to allow custodial services in commodity derivatives mkt
Markets regulator Sebi plans to allow custodial services in the commodity derivatives market to enable institutional participation. The proposal is likely to be discussed at Securities and Exchange Board of India's (Sebi) board meeting on Wednesday, officials said. Under the proposal, existing custodians will be permitted to add commodities as an asset class and provide physical delivery of both securities and commodities, they added. Current, regulation on custodian of securities provide for safekeeping of securities or gold or gold related instruments or title deeds of real estate and services incidental but do not provide for safekeeping of goods, which are underlying assets of commodity derivatives. To enable participation of institutional investors in commodity derivatives market, it has been proposed to make necessary amendments in the custodian regulations so as to provide for requisite custodial services. It has also been proposed that responsibility of custodians will not be .
Uber's dominant size may rob smaller Lyft of its IPO oxygen
(Reuters) - Uber Technologies Inc and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.
Russian diamond miner Alrosa records over $2 bn sales linked to India
Russia's Alrosa, the world's largest diamond miner by volume, is bullish about India after registering sales of over $2 billion directly to the country and indirectly to clients with Indian capital in the first 10 months of 2018, a top company official said.