Page 16 - Business Finance
Inox Wind up on commissioning project in Gujarat
Inox Wind rose 2.06% to Rs 71.80 at 10:05 IST on BSE after the company said it commissioned common power evacuation systems with ISTS network in Gujarat.
NSIC signs MoU with CSC - e-governance services India
National Small Industries Corporation (NSIC) has signed an MoU with Common Service Centres (CSC) e-Governance Services India for enhancing new offerings for the MSME sector by synergizing each other's competence."This MoU will also enable CSCs to utilize plethora of NSIC offerings through the NSIC portal", said Ram Mohan Mishra, CMD, NSIC."CSC will facilitate VLEs and MSMEs through digital empowerment in accessing NSIC integrated support services encompassing Marketing, Finance, Technology, and other offerings", said Dr Dinesh Kumar Tyagi, CEO, CSC.This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.
TiE Mumbai and Dubai International Financial Centre (DIFC) Help Indian FinTechs Scale Their Business Across Middle East, Africa and South Asia Region
/ -- Over the years, TiE Mumbai has played a significant role in promoting, mentoring, helping and funding startups in this region. TiE Mumbai represents over 2,500 startups in the Greater Mumbai Region. It has successfully connected and mentored over 2,000 entrepreneurs and startups over the last few years; over 1,000 startups have been successfully connected to investors. As a part of its ongoing endeavour to assist startups with new opportunities and help foray into different geographies, TiE Mumbai and Dubai International Financial Centre (DIFC) - the leading financial hub for the Middle East, Africa and South Asia (MEASA) organized a two-day programme to help FinTech startups to scale their business across the region through Dubai. DIFC met with 17 FinTech startups from Mumbai to understand their business models and provide tailored solutions to support their growth in the fast-growing emerging markets. The comprehensive DIFC FinTech ecosystem includes two highly successful ...
Glenmark to Partner With Novartis to Promote, Commercialize and Distribute Three Respiratory Products in Brazil
/ -- This arrangement will strengthen Glenmark's respiratory franchise in Brazil Novartis will be responsible to manufacture the products and Glenmark will exclusively commercialize the products in Brazil Glenmark Pharmaceuticals Ltd. (Glenmark), a research-led global integrated pharmaceutical company, today announced that its Brazilian subsidiary, Glenmark Farmacutica Ltda has entered into an exclusive partnership agreement with Novartis Biosciences S.A, a subsidiary of Novartis AG, for three respiratory products indicated towards treatment of the symptoms of chronic obstructive pulmonary disease (COPD) in Brazil. This agreement will be effective from July 01, 2019 onwards. (Logo: http://mma.prnewswire.com/media/451507/PRNE_Glenmark_Logo.jpg) The products involved in the agreement are Seebri (Glycopyrronium bromide), Onbrize (Indacaterol) and Ultibro (combination of Indacaterol and Glycopyrronium), which are indicated for relief of symptoms in adults with COPD. "We are pleased to .
IndiaMart IPO opens, to raise over Rs 474 cr
B2B e-commerce firm IndiaMart Monday launched its initial public offer (IPO) with a price band of Rs 970-973 to raise over Rs 474 crore. The company has offered 48,87,862 equity shares in the issue, which will close on June 26. The price band is set at Rs 970-973 per equity share of face value of Rs 10 each. "The floor price is 97 times the face value of equity shares and the cap price is 97.3 times the face of the equity shares," according to the announcement made by IndiaMart. The existing investors Intel Capital, Amadeus, DPF Limited along with promoter Dinesh Chandra Agarwal, are diluting some of their stake for the IPO. Intel Capital (Mauritius) has put up to 20,76,190 equity shares for sale in the offer, Amadeus 1,70,502 equity shares, Amadeus IV DPF limited 2,55,753 shares, Accion Frontier Inclusion Mauritius 4,75,000. Further, promoters Dinesh Chandra Agarwal have offered 8,52,453 equity shares and Brijesh Kumar Agrawal 5,77,656 equity shares. Other shareholders have put ...
Volumes soar at Emami Ltd counter
Emami Ltd clocked volume of 535.24 lakh shares by 10:49 IST on BSE, a 1088.96 times surge over two-week average daily volume of 49152 shares
Bourses trade with minor losses; auto stocks decline
Key benchmark indices reversed early gains and were trading with minor losses in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was down 32.28 points or 0.08% to 39,162.21. The Nifty 50 index was down 11.35 points or 0.10% to 11,712.75.
Auto stocks drag equity indices amid weak sentiment
Equities traded on a weak note during early hours on Monday amid mixed global markets and firming oil prices.At 10:15 am, the BSE S & P Sensex was down 95 points at 39,091 while the Nifty 50 slipped 19 points to 11,705. Most sectoral indices at the National Stock Exchange were in the red with Nifty auto down 1.2 per cent.Among stocks, Indiabulls Housing Finance and Hero MotorCorp traded over 2 per cent lower. Bajaj Auto, Maruti, Reliance Industries, Tech Mahindra and Dr Reddy were other prominent losers.Those which showed some gains were Hindalco, Bharti Airtel, Britannia and Ultratech Cement.Meanwhile, Asian stock markets were mixed as investors monitored developments in the Middle East where the geopolitical situation is worsening by the day.Traders also awaited an expected meeting between US President Donald Trump and China's President Xi Jinping later this week on the sidelines of G-20 summit in Japan..
RBI Dy Governor Viral Acharya resigns 6 months before term ends
Reserve Bank of India (RBI) Deputy Governor Viral Acharya resigned six months before the scheduled end of his term, reports said on Monday.Acharya took up his post on January 20, 2017 for a term of three years. He is the central bank's youngest deputy governor post-economic liberalisation. His tenure was to end on January 20, 2020.Reports said Acharya will return to the New York University as CV Starr Professor of Economics.During his tenure, Acharya advocated for RBI's independence, saying that if the government does not respect its autonomy, it will incur the wrath of financial markets.His resignation comes in the backdrop of economic growth slowing to 5.8 per cent in the fourth quarter of 2018-19. It also comes ahead of the Union Budget 2019-20 in the Parliament on July 5.In December last year, Urjit Patel had stepped down from the post of RBI governor following differences with the government.
JMC Project (India) gains after securing orders
JMC Project (India) was up 1.64% to Rs 130.40 at 09:41 IST on the BSE after the company announced that it secured new orders of Rs 514 crore.
L&T rises after order win
Larsen & Toubro was up 0.83% to Rs 1552.75 at 09:37 IST on the BSE after the company announced that it won a power project order from SJVN Thermal in Bihar.
Network 18 Media & Investments sells its investment in HSN Cyprus and HomeShop
Further, Network18 has sold 13,20,481 shares in Television Home Shopping Network (HomeShop) (formerly known as TV18 Home Shopping Network).
Neuland Labs drops after 5 observations from USFDA
Neuland Laboratories was down 4.08% to Rs 500 at 09:18 IST on the BSE after the company announced that it has received five observations from the US drug regulator after inspection of facility at Bonthapally, Telangana.
Tata Communications bags seven awards at Frost & Sullivan's 2019 India ICT Awards
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NCLT initiates CIRP for Jet Airways (India)
Upon initiation of CIRP, the powers of the Board of Directors of the Company has been suspended and shall be exercised by the Interim Resolution Professional.
"Forging a new energy future" - iCEP Presents AOGC
/ -- Disruptive forces and the rapid changes in technology breakthroughs are driving fundamental structural changes within the global energy industry. How does the oil and gas business prepare for what will be a new energy future? Organized by International Conference & Exhibition Professionals (iCEP), the 20th Asia Oil and Gas Conference (AOGC) which commences on June 24th at the Kuala Lumpur Convention Centre will address this very issue by featuring a number of topics which will help companies reassess their own strategies for the challenging years ahead. The theme of AOGC 2019 is "Forging A New Energy Future" and "the subjects for discussion will be significantly different this year compared to previous events. Reflecting current industry concerns, the conference will direct its attention to the shift in the global energy landscape, especially the increase in cleaner sources of energy including renewable energy sources, said the AOGC 2019 Conference Chairman Mohd Yusri Mohamed
Rupee opened flat at 69.58 vs USD in early trade
The rupee opened on a flat note at 69.58 against the US dollar in opening trade Monday amid rising crude oil prices and foreign fund outflows. Forex traders said the domestic currency was under pressure and was trading in a narrow range after media report surfaced that Viral Acharya has quit as RBI deputy governor. As per reports Acharya has resigned six months before the scheduled end of his term. The rupee opened at 69.58 at the interbank forex market, unchanged from its previous closing level. Forex traders said, rising crude oil prices, foreign fund outflows and cautious opening in domestic equities kept investors edgy. Brent crude futures, the global oil benchmark, rose 0.38 per cent to USD 65.45 per barrel. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 730.58 crore Friday, as per provisional data. Domestic bourses opened on a cautious note Monday with benchmark indices Sensex trading 26.44 points down at 39,220.93 and Nifty ...
Board of Gallantt Ispat approves change in directorate
At meeting held on 23 June 2019
Hindustan Petroleum Corporation Ltd Slides 1.99%
Hindustan Petroleum Corporation Ltd has lost 5.45% over last one month compared to 4.15% fall in S&P BSE Oil&Gas index and 0.48% drop in the SENSEX
Suzlon Energy Ltd Spikes 9.01%
Suzlon Energy Ltd has lost 13.13% over last one month compared to 0.5% gain in S&P BSE Capital Goods index and 0.45% drop in the SENSEX
