Page 1619 - Business Finance
United Spirits Ltd slips for fifth straight session
The stock is quoting at Rs 641.45, down 0.41% on the day as on 13:19 IST on the NSE. United Spirits Ltd tumbled 6.25% in last one year as compared to a 3.39% rally in NIFTY and a 11.75% spurt in the Nifty FMCG index.
Britannia Industries Ltd down for fifth straight session
The stock is quoting at Rs 2986, down 0.01% on the day as on 13:19 IST on the NSE. Britannia Industries Ltd jumped 22.99% in last one year as compared to a 3.39% rally in NIFTY and a 11.75% spurt in the Nifty FMCG index.
Max Financial Services Ltd drops for fifth straight session
The stock is quoting at Rs 426.7, down 0.41% on the day as on 13:19 IST on the NSE. Max Financial Services Ltd tumbled 22.74% in last one year as compared to a 3.39% rally in NIFTY and a 8.6% spurt in the Nifty Financial Services index.
Exide Industries Ltd slips for fifth straight session
The stock is quoting at Rs 248.55, down 1.09% on the day as on 13:19 IST on the NSE. Exide Industries Ltd jumped 20.42% in last one year as compared to a 3.39% rally in NIFTY and a 22.26% fall in the Nifty Auto index.
Apollo Tyres Ltd down for fifth straight session
The stock is quoting at Rs 223.75, down 0.62% on the day as on 13:19 IST on the NSE. Apollo Tyres Ltd tumbled 9.74% in last one year as compared to a 3.39% rally in NIFTY and a 22.26% fall in the Nifty Auto index.
Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board
SINGAPORE (Reuters) - Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer club sought to get heavyweight supplier Russia on board.
SEA Says Oilmeals Export Down 16% In November
As per the latest data compiled by Solvent Extractors' Association of India (SEA OF India), the export of oilmeals during November 2018, provisionally reported at 311,739 tons compared to 369,522 tons in November 2017 i.e. down by 16%. The overall export during April to November 2018 is reported at 2,043,282 tons compared to 1,855,558 tons during the same period of last year i.e. up by 10%. The export of rapeseed meal sharply increased to 745,901 (392,463) tons in first eight months, almost double mainly due to exports to South Korea, Vietnam and Thailand.
HCL Tech falls 8% after USD 1.8 bn deal with IBM
Stocks of HCL Technologies slumped nearly 8 per cent on Friday after the company announced acquisition of select IBM software products for USD 1.8 billion in an all-cash deal. After a negative opening on BSE, the scrip further declined 7.6 per cent to hit an intra-day low of Rs 935. At 1300 hrs the stock was trading at Rs 951.65 apiece, down 5.96 per cent from the previous close On NSE, the same trend followed as the company's stock fell by 7.7 per cent to an intra-day low of Rs 934.45. Later, at 1300 hours, the stock was trading 6.06 per cent lower at Rs 951.15. HCL Technologies, in a regulatory filing said, it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal. The the deal is subject to "completion of applicable regulatory reviews" and is slated to close by mid-2019. The deal entails seven products in areas including security, marketing and collaboration solutions, and represents a total addressable market of more than USD 50 ...
China expresses concern over reported Japan govt ban on Huawei, ZTE
BEIJING (Reuters) - China's Foreign Ministry said on Friday that it was seriously concerned over reports that Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp.
Jagran Prakashan Ltd spurts 1.26%, rises for third straight session
The stock is quoting at Rs 112.65, up 1.26% on the day as on 12:49 IST on the NSE. Jagran Prakashan Ltd is down 32.91% in last one year as compared to a 3.72% fall in NIFTY and a 24.66% fall in the Nifty Media index.
China expresses concern over reported Japan government ban on Huawei, ZTE
BEIJING (Reuters) - China's Foreign Ministry said on Friday that it was seriously concerned over reports that Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp.
Baring Private Equity to invest $904 million in Japan's Pioneer
TOKYO (Reuters) - Japanese audio systems maker Pioneer Corp said on Friday buyout firm Baring Private Equity Asia has agreed to invest 102 billion yen ($904 million) in the company to restore its financial health, the first major private equity investment in Japan this year.
HCL Technologies buying IBM Software Products for $1.8 bn
Indian software major HCL Technologies on Friday said it was buying IBM Software Products for $1.8 billion (Rs 12,700 crore) in an all-cash deal.
Board of The Investment Trust of India approves revised scheme of arrangement
At meeting held on 07 December 2018
Agriculture Export Policy Aims To Double Farm Exports By 2022
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Agriculture Export Policy, 2018. The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Agencies and representatives of concerned State Governments, to oversee the implementation of Agriculture Export Policy.
Oil falls as OPEC ties supply cut to Russia; Moscow said to back limited reduction
SINGAPORE (Reuters) - Oil prices slid on Friday, pulled down by OPEC's move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd).
Chana futures soften 0.24 pc on muted demand
Chana prices declined 0.24 per cent to Rs 4,622 per quintal in futures trade Friday as speculators reduced exposure amid subdued demand at the spot market against adequate stocks position. At the National Commodity and Derivatives Exchange, chana for delivery in December fell by Rs 11, or 0.24 per cent, to Rs 4,622 per quintal, with an open interest of 29,390 lots. Similarly, the commodity for delivery in February declined by Rs 25, or 0.54 per cent, to Rs 4,645 per quintal in 9,250 lots. Marketmen said trimming of positions by traders on the back of easing demand in the physical market against adequate stocks position mainly influenced chana prices at futures trade.
Data analytics key to enhancing customer experience for firms: Infosys study
An increasing number of companies are deploying data analytics to enhance customer experience and mitigate risks, according to a study by Infosys. The study explored a range of challenges, opportunities, and the role of new technologies in the analytics world, the digital technology services & consulting firm said. Data analysis is a process of analysing data with the goal of discovering useful information to support decision-making. Artificial intelligence (AI) was perceived to deliver increased outcomes when combined with analytics at 37 per cent followed by Internet of Things (IoT) and Cloud Technologies at 19 per cent and 16 per cent respectively, Infosys said in a statement. The study is based on interviews of 1,062 senior business and technology executives from organisations with annual revenues exceeding USD 1 billion and over 1,000 employees. The respondents represented 12 industry groups from the US, Europe, Australia and New Zealand. The study found 31 per cent of ...
Subros allots 52.47 lakh equity shares to DENSO Corporation, Japan
Further, upon allotment, the equity paid-up capital of the Company stands increased to Rs. 13,04,71,500 divided into 6,52,35,750 equity shares of Rs. 2/- each) from Rs. 11,99,77,200 divided into 5,99,88,600 equity shares of Rs. 2/- each.
Panacea Biotec Ltd leads gainers in 'B' group
Premier Explosives Ltd, Tera Software Ltd, Nagreeka Capital & Infrastructure Ltd and Syncom Healthcare Ltd are among the other gainers in the BSE's 'B' group today, 07 December 2018.