Page 1633 - Business Finance

Power Grid Corp gains after bagging project under tariff-based competitive bidding

Power Grid Corporation of India rose 0.71% to Rs 184.70 at 9:28 IST on BSE after the company said it was declared as the successful bidder under tariff based competitive bidding.

Infosys inaugurates Technology and Innovation Hub in Hartford

The Hartford Hub, located at 225 Asylum Street in the Goodwin Square Building, will help Infosys work more closely with its clients in the region and will serve as the global Hub for Infosys' InsurTech and HealthTech efforts. The Hub will feature Living Labs for the Future of Insurance, the Future of Healthcare and the Future of Manufacturing amongst others. The Living Labs help organizations learn through making. They bring together expertise in business and technologies such as blockchain, extended reality and cognitive capabilities with techniques like design thinking, agile and devops. The Living Labs enable rapid experimentation and exploration of innovation efforts.

Bonds at 8-month high on RBI bond purchase hopes, inflation comments

MUMBAI (Reuters) - Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature.

Key Indian equity indices open in red

Taking a cue from muted global markets, the key Indian equity indices on Thursday opened lower.

Global Markets: U.S. stock futures fall, Asia follows after Canada arrests Huawei CFO

TOKYO (Reuters) - U.S. stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, fanning fears of a fresh flareup in tensions between the two superpowers.

Nissan finds more improper testing, considers recall - Nikkei

TOKYO (Reuters) - Nissan Motor Co has found more cases of improper testing of vehicles in Japan and is considering recalling affected cars, the Nikkei reported on Thursday.

Asian markets tumble, China tech hit after Huawei arrest

Shares across Asia plunged Thursday, with technology firms in Hong Kong and Shanghai battered after the arrest of a top executive at Chinese telecoms giant Huawei that has also fuelled fears about the recent China-US trade deal. As Donald Trump and Xi Jinping's tariffs ceasefire last weekend -- which sparked a one-day rally -- fades to a distant memory, investors are back in selling mood as they fret over a range of issues including the state of the world economy, oil prices and Brexit. The chances of trade peace between the US and China took a blow Thursday as it emerged Huawei chief financial officer Meng Wanzhou had been held in Canada and faces extradition to the United States over alleged Iran sanctions breaches by the firm. Meng is also the daughter of company founder Ren Zhengfei, a former Chinese People's Liberation Army engineer. The company had been investigated by US intelligence, who deemed it a national security threat. However, the arrest drew a swift response from ...

Tata Communications will be watched after collaboration with UROS Group

Tata Communications will be watched. UROS Group, a global innovator in turnkey Internet of Things (IoT) solutions and smart connectivity, is collaborating with Tata Communications, a leading digital infrastructure provider, to support the deployment of IoT and smart city solutions across large commercial and public sector organisations globally. This collaboration will leverage the latest technologies and industry resources of both companies. The announcement was made after market hours yesterday, 5 December 2018.

Sterling's fate hangs on Brexit, UK growth to be weak: Reuters polls

LONDON (Reuters) - Sterling's near-term fate hangs on whether British Prime Minister Theresa May manages to get her Brexit withdrawal deal through Parliament, according to Reuters polls that also found economic growth will be weak.

Oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting

SINGAPORE (Reuters) - Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.

Oil prices ease in cautious trading ahead of OPEC meeting

SINGAPORE (Reuters) - Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.

Oil prices slide as Trump urges OPEC not to cut supply

Oil prices have extended losses as US President Donald Trump once again tried to dampen OPEC's efforts to tackle falling oil prices amid market expectations on further output cut.

Futures fall as trading resumes; trade, growth worries linger

NEW YORK (Reuters) - U.S. stock index futures fell late on Wednesday, following the previous session's dramatic sell-off and lingering worries over trade and economic growth.

Global markets: U.S. stock futures fall after Canada arrests top Huawei executive

TOKYO (Reuters) - U.S. stock futures tumbled on Thursday and Asian markets looked set to follow after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.

Japan manufacturers' mood down, bodes ill for BOJ survey: Reuters Tankan

TOKYO (Reuters) - Confidence among Japanese manufacturers worsened for a second straight month in December and is seen slipping further, a Reuters monthly poll showed on Thursday, pointing to declines in the central bank's upcoming tankan business survey.

Mexico's new president throws down gauntlet to oil majors

MEXICO CITY (Reuters) - Mexico's new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national oil companies by his predecessor but challenged them to pump oil quickly or no further oil fields would be offered.

Netflix renews Narcos: Mexico for second season

Fans of NarcosThe renewed season, which essentially is a continuation of the original series, will include Eric Newman as showrunner and Jose Padilha, Doug Miro, Carlo Bernard and Andres Baiz as executive producers, Entertainment Weekly reported.The final moments of Narcos: Mexico saw a new central character getting introduced in the form of an American DEA agent who signals an escalation in tactics against the cartel. This unnamed character will be played by Scoot McNairy of 'Argo' fame in the renewed season as well.The drug cartel drama had premiered on Netflix last month and saw the rise of the Guadalajara Cartel in the early 1980s, and the efforts of a DEA agent Kiki Camarena (played by Michael Pena) to bring it down.

Gold slips on rate hike views; palladium barges higher

(Reuters) - Gold slipped on Wednesday on expectations of more interest rate hikes following remarks from a U.S. Federal Reserve official and as some investors booked profits after prices hit their highest in more than five weeks.

Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources

(Reuters) - Private equity firm Blackstone Group LP is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, according to people familiar with the matter.

Oil edges lower ahead of OPEC meeting

NEW YORK (Reuters) - Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.