Page 1608 - Business Finance
Sayaji Industries amends Clause VI of MoA
VI. The authorised capital of the Company is Rs.5,00,00,000/-(Rupees five Crores) divided into 1,00,00,000 (One Crores) shares of Rs.5/- each, with rights, privileges and conditions attached thereto as are provided by the Articles of Association of the Company for the time being with power to increase or reclassify or alter the capital of the Company and to divide/ consolidate the shares in the capital for the time being into several classes and face values and to attach thereto respectively such preferential, cumulative, convertible, guarantee, qualified or other special rights, privileges, conditions or restrictions as may be determined by or in accordance with the Articles of Association of the Company for the time being and to vary, modify, abrogate any such right, privilege, condition or restriction in such manner as may for the time being be permitted by the Articles of Association of the Company and the legislative provisions for the time being in force.
Purshottam Investofin to convene board meeting
On 17 December 2018
Global cues, oil prices drag equity indices lower
Broadly negative Asian stock exchanges along with a rise in global crude oil prices and domestic political uncertainty pulled the key indices of the Indian equity market lower during the morning trade session on Monday.
Bahrain Credit Signs 5-year Digital Banking Deal With Clayfin
/ -- Clayfin will craft Digital Banking experiences for Bahrain Credit's Retail Business Bahrain Credit, a leading financial company in Bahrain and part of Bahrain Commercial Facilities Company has entered into a multi-year contract with Clayfin and Computer World to transform their retail digital banking business. Dr. Adel Hubail, CEO of Bahrain Commercial Facilities Company comments, "As part of our Digital Transformation strategy we wanted to use technology to challenge the way retail credit business is done in Bahrain. And we needed a strong digital banking experience partner like Clayfin to accelerate transformation initiatives and change the way we do business." Clayfin's Retail Digital Banking solution comprising of Internet Banking and Mobile Banking will enable the company to swiftly launch a rich and seamless omnichannel digital experience for its customers. Along with an enhanced user experience the solution will help in improving customer engagement and enhance upsell / ..
China's AI start-up Megvii raising $500 million at $3.5 billion valuation - sources
HONG KONG (Reuters) - Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.
Rupee falls 59 paise to 71.40 against US dollar in early trade
The rupee depreciated 59 paise to 71.40 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening US dollar against some currencies overseas. Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee. The rupee opened lower at 71.28 against the dollar and dropped further to 71.41, 59 paise down over its previous close. On Friday, the domestic currency recuperated by 8 paise to close at 70.82 against the US dollar. Traders said a lower opening in domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit. The 30-share BSE Sensex plummeted 551.74 points, or 1.55 per cent, to 35,121.51 in opening session. Global crude oil prices rose after Opec members and 10 other oil producing nations agreed Friday to cut output by 1.2 million barrels a day in a bid to boost prices. Energy ministers reached the deal,
Goa Carbon Ltd Falls 3.5%, S&P BSE Energy index Drops 2.91%
Goa Carbon Ltd has lost 11.1% over last one month compared to 2.92% fall in S&P BSE Energy index and 0.13% drop in the SENSEX
Board of Capital India Finance approves rights issue
At meeting held on 09 December 2018
India bonds, rupee fall as exit polls mixed for Modi, oil rises
MUMBAI (Reuters) - Indian bonds and currency markets weakened on Monday after exit polls showed mixed results for Prime Minister Narendra Modi's ruling party at the recently held crucial state elections, and on higher oil prices after OPEC members and allies agreed to reduce output on Friday.
India inflation likely eased in Nov to 16-month low: Reuters poll
BENGALURU (Reuters) - Indian inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India's decision to keep interest rates on hold at a policy meeting last week.
Hong Kong on track for global IPO crown but many new listings sag
HONG KONG (Reuters) - Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst performance among leading bourses, data show.
Hong Kong Hang Seng tumbles as trade and growth worries clobber investors
China suffered another economic blow on Sunday with the return of the deflation threat, a day after it reported slower than expected growth in exports and imports. A fall in both consumer and producer price indexes was a result of weakness in demand from both Chinese consumers and investors and reflected their reluctance to spend as confidence in future growth is undermined by the trade war with the US. The figures add the challenge faced by the Chinese leadership in keeping economic growth on track ahead of the annual central economic work conference, where policies for next year will be determined. The consumer price index fell 0.3% in November 2018 from October 2018 while the producer price index dropped 0.2% - the first month-on-month fall in seven months - due to the steep fall in the price of crude oil and coal, according to data released by the National Bureau of Statistics on Sunday. On a yearly basis, China's PPI rose only 2.7% in November, the lowest reading in two years, ..
China Stocks drop on deflation threat, trade wary
China suffered another economic blow on Sunday with the return of the deflation threat, a day after it reported slower than expected growth in exports and imports. A fall in both consumer and producer price indexes was a result of weakness in demand from both Chinese consumers and investors and reflected their reluctance to spend as confidence in future growth is undermined by the trade war with the US. The figures add the challenge faced by the Chinese leadership in keeping economic growth on track ahead of the annual central economic work conference, where policies for next year will be determined.
Japan Nikkei tumbles on trade and growth worries
Shares of exporters were mostly lower as the safe-haven yen strengthened against the U.S. dollar. Canon, Sony Corp, Advantest, Tokyo Electron, Honda, Toyota, Mitsubishi Electric and Panasonic were lower in range of 1% to 3%.
Australia Stocks tumble on trade tensions, growth slowdown woes
Shares of technology issue tumbled the most in the ASX sectoral peers, with Wisetech Global and Afterpay Touch falling by more than 5%.
Global stocks extend slump as global growth worries mount
TOKYO (Reuters) - Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal.
Gilead Sciences to hire Roche executive O'Day as new CEO - source
(Reuters) - Drugmaker Gilead Sciences Inc will name Roche Holding AG executive Daniel O'Day as its new chief executive officer, according to a source familiar with the matter.
Weak global cues may trigger selling
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 145.50 points at the opening bell due to poor global cues.
Indian Oil Corporation may gain on buyback plan
Indian Oil Corporation said that the meeting of the Board of Directors of the company is scheduled on 13 December 2018 to consider and approve buyback of the fully paid-up equity shares of the company. The announcement was made on Saturday, 8 December 2018.
Australia overtakes Qatar as world's biggest LNG exporter - Refinitiv data
SINGAPORE (Reuters) - Australia overtook Qatar as the world's largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.