Page 1596 - Business Finance
BJP's MP lead, global cues lift equity indices (Fifth Lead)
The domestic equity market reversed all the initial losses to trade higher on Tuesday late-afternoon session, with the S&P BSE Sensex gaining over 130 points.
Amrit Williams appointed Skybox Security's VP of Products
California-based global cybersecurity firm Skybox Security on Tuesday said it has appointed Amrit Williams as the company's Vice President of Products.
Sebi board to discuss easier start-ups listing rules, FPI investment clubbing norms
Markets regulator Sebi will discuss a slew of measures at its board meeting Wednesday for expanding its offer for sale framework to more companies, relax its norms for clubbing of investment limits by established foreign investors and tighten insider trading rules, officials said. A number of other important matters will also be discussed such as relaxations for new-age ventures in sectors like e-commerce, data analytics and bio-technology to raise funds and get the shares of these new-age ventures traded on stock exchanges and creating a separate category of 'difficult to recover' cases for optimal utilisation of its resources, they added. These proposals, along with several others, are likely to be discussed by Sebi's board at its meeting Wednesday. Officials said, the Securities and Exchange Board of India (Sebi) is also considering changes in its regulatory framework for debenture trustees. Besides, it plans to allow custodial services in the commodity derivatives market to enable
China car sales drop at steepest pace in almost seven years
BEIJING/SHANGHAI (Reuters) - China's automobile sales fell about 14 percent in November from a year earlier, the country's top auto industry association said, marking the steepest such drop in nearly seven years in the world's largest auto market.
China, U.S. discuss next stage of trade talks
BEIJING (Reuters) - China and the United States discussed the road map for the next stage of their trade talks on Tuesday, during a telephone call between Vice Premier Liu He and U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.
Gold prices inch higher as dollar softens
BENGALURU (Reuters) - Gold prices edged higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session's rally.
WPP to spend almost $400 million to reboot world's biggest ad group
LONDON (Reuters) - WPP will spend 300 million pounds ($382 million) over three years and cut 2,500 jobs as new boss Mark Read seeks to return the world's biggest advertising group to growth.
Markets stage sharp recovery after early slide, aided by vote results
MUMBAI (Reuters) - Indian markets recouped sharp early losses by mid-morning Tuesday as election results in three states were not as poor for the ruling party as some expected, but anxiety about the central bank governor's resignation kept sentiment subdued.
Corrected: Markets stage sharp recovery after early slide, aided by vote results
(Corrects attribution of quote in 8th paragraph to Sunil Sharma at Sanctum Wealth Management, not Saurabh Jain at SMC Global Securities)
Uniphore Software Systems wins top honors at Express IT Awards 2018
Uniphore Software Systems has been awarded the best product company in the Analytics Solutions category for 2018 at the 6th edition of Express IT awards for its conversational AI-powered analytic solution, auMina.The award was presented by Shri Ravi Shankar Prasad, honorable minister for Law and Justice and Electronics and Information Technology of India, in Mumbai. The award is instituted by Financial Express, a leading business daily in India.Uniphore's award-winning conversation analytics solution, auMina for enterprises is powered by Artificial Intelligence and Machine Learning capabilities. The solution is built to help organizations identify and break down complex business problems by way of offering executive insights into customer interactions. The insights offered by auMina aims to bridge the analytics gap by extending tools for analysts to address business outcomes.While commenting on this recognition, Umesh Sachdev CEO, Uniphore Software Systems said that, "We are honored ..
Tata Steel Ltd falls for fifth straight session
Tata Steel Ltd is quoting at Rs 501.55, down 0.26% on the day as on 13:19 IST on the NSE. The stock tumbled 23.69% in last one year as compared to a 2.96% rally in NIFTY and a 15.45% fall in the Nifty Metal index.
Oil & Natural Gas Corpn Ltd down for fifth straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 137, down 0.07% on the day as on 13:19 IST on the NSE. The stock fell 25.26% in last one year as compared to a 2.96% rally in NIFTY and a 2.82% fall in the Nifty Energy index.
Markets stage sharp recovery after early slide, aided by state election results
MUMBAI (Reuters) - Indian markets recouped sharp early losses by mid-morning Tuesday as election results in three states were not as poor for the ruling party as some expected, but anxiety about the central bank governor's resignation kept sentiment subdued.
Expert Views: Markets shrug off worries over RBI chief's exit, poll results
(Reuters) - Indian markets recovered from sharp early losses on Tuesday as votecount in three states were not as poor for the ruling party as some expected, but anxiety about the central bank governor's resignation kept sentiment fragile.
Jeera futures dip by Rs 180 on profit-booking
Jeera prices fell by Rs 180 to Rs 18,660 per quintal in futures trade Tuesday amid offloading of bets by speculators to book profits. At the National Commodity and Derivatives Exchange, jeera for January was trading lower by Rs 180, or 0.96 per cent, to Rs 18,660 per quintal with an open interest of 3,498 lots. Likewise, the spice for delivery in the current month fell by Rs 125, or 0.7 per cent, to Rs 17,700 per quintal in 810 lots. Analysts said besides profit-booking by speculators, muted demand at the physical market against adequate stocks position exerted pressure on the prices.
Phosphorous,potash makers to face heat on high costs, weak INR
The domestic urea industry is likely to be stable, however the projected performance of the P&K (phosphorous and potash) players may come under pressure in this fiscal following increased raw material prices and weak rupee, a report said. The P&K manufacturers are entirely dependent on imports to meet their raw material needs and the recent currency depreciation and increase in phosphoric acid prices have resulted in a rise in input costs, which they have passed on to the farmers, rating agency Icra said. "However, owing to weaker monsoon in certain pockets several players have had to pass on higher discounts to the dealers. Also, a lag in passing on the price rise has resulted in a negative impact on the profitability. P&K manufacturers who are operating in regions where monsoon has been adequate are expected to face a lower impact on their profitability," it added. Meanwhile, urea demand is expected to grow at 2-3 per cent in-line with the long-term growth
Oil prices under pressure amid global market unease, but Libyan disruption supports
SINGAPORE (Reuters) - Oil prices were under pressure on Tuesday amid worries over global stock markets and doubts that planned output cuts led by producer club OPEC will be enough to rein in oversupply.
Tech Mahindra announces key leadership appointments
Software major Tech Mahindra on Tuesday announced key leadership appointments in India to accelerate its digital transformation.
Sensex, Nifty hit intraday high; breadth strong
Key benchmark indices extended gains and hit fresh intraday high in afternoon trade. At 13:17 IST, the barometer index, the S&P BSE Sensex, was up 168.46 points or 0.48% at 35,128.18. The Nifty 50 index was up 56.30 points or 0.54% at 10,544.75.
India's falling oil, gas production a concern - minister
NEW DELHI (Reuters) - India's falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub.