Page 1641 - Business Finance
Outcome of board meeting of Mishtann Foods
Held on 05 December 2018
Coriander dips 0.82% on subdued demand
Coriander prices fell 0.82 per cent to Rs 6,692 per quintal in futures market Wednesday as participants cut down positions amid muted domestic as well as exports demand. Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment. At the National Commodity and Derivatives Exchange, coriander for delivery in January declined by Rs 55, or 0.82 per cent, to Rs 6,692 per quintal with an open interest of 22,430 lots. On similar lines, rates for far-month April was trading at Rs 6,850, down by 1.67 per cent, or Rs 116. The open interest of the contract stood at 6,020 lots. Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position.
RBI keeps rates on hold, as expected
MUMBAI (Reuters) - The Reserve Bank of India (RBI) kept interest rates unchanged at a policy meeting on Wednesday to offer support for an economy that has lost some momentum, in a decision that was widely expected as inflation has eased significantly.
Market trading weak ahead of outcome of RBI policy
Weakness persisted on the bourses as caution prevailed ahead of the outcome of the Reserve Bank of India's (RBI) monetary policy meeting. At 14:25 IST, the barometer index, the S&P BSE Sensex, was down 231.41 points or 0.64% at 35,902.90. The Nifty 50 index was down 77.90 points or 0.72% at 10,791.60. Pharma shares declined.
Beardsell Ltd leads losers in 'B' group
Kesoram Industries Ltd, Gillanders Arbuthnot & Company Ltd, Punjab Communications Ltd and Madras Fertilizers Ltd are among the other losers in the BSE's 'B' group today, 05 December 2018.
Volumes soar at Gayatri Projects Ltd counter
Gayatri Projects Ltd recorded volume of 1.02 lakh shares by 14:14 IST on NSE, a 8.31 times surge over two-week average daily volume of 12317 shares
India's central bank keeps key lending rate intact at 6.5%
In its penultimate monetary policy review of the current fiscal, the RBI on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.
RBI leaves key interest rate unchanged
The Reserve Bank of India Wednesday left the repo rate unchanged while maintaining the stance of 'calibrated tightening' of policy. The key rate remains unchanged at 6.5 per cent. This is for the second time in a row that the central bank did not tinker with the interest rate. "The decision of the Monetary Policy Committee is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/-2 per cent, while supporting growth," RBI said. The central bank also retained the GDP growth projection for FY19 at 7.4 per cent. For the first half of 2019-20, the GDP is been projected at 7.5 per cent. RBI said inflation in the second half of the current fiscal is projected at is projected at 2.7-3.2 per cent. While the decision on keeping the policy rate unchanged was unanimous, Ravindra H Dholakia voted to change the stance to neutral.
Caution over monetary policy review, global cues pull equity indices lower
Caution ahead of the upcoming monetary policy and broadly negative global stock markets dragged the key Indian equity indices lower during the mid-afternoon trade session on Wednesday.
Pakistan slashes non-salary budget by 10%
The Pakistan government has decided to cut by 10 per cent the non-salary current budget of the civilian setup as part of an austerity drive to solve the cash-strapped nation's economic woes, according to a media report. The Express Tribune reported that the move will help save nearly Rs 10 billion in the remainder period of fiscal year (2018-19) but would not address core fiscal problems.
Takeda shareholders agree to $60 bn Shire acquisition
Shareholders at Japanese drug giant Takeda on Wednesday approved a plan to buy Irish pharmaceuticals firm Shire in a deal worth around $60 billion, the biggest foreign takeover ever by a Japanese firm. A group of rebel investors, including members of the founding family, tried to thwart the deal but were outvoted at an extraordinary shareholders' meeting held in the western city of Osaka where the company has its headquarters. The scheme was "approved as originally proposed", said a statement from Takeda, adding it should come into effect in early January -- pending approval from Shire shareholders, who are to vote on the merger plan later Wednesday in Dublin. The deal, which will create one of the world's top 10 drug companies, caps a lengthy courtship by Takeda of its larger rival as it seeks to expand overseas. "We are delighted that our shareholders have given their strong support to our acquisition of Shire," said Takeda CEO Christophe Weber. Analysts have said the buyout would ..
XPRO India gets upgradation in credit ratings
From Brickwork Ratings India
Maruti Suzuki India to hike prices in January 2019
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AARV Infratel secures optical fibre network project worth Rs 144.05 crore
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Board of PVP Ventures appoints director
With effect from 05 December 2018
MRF Ltd eases for fifth straight session
The stock is quoting at Rs 65647.95, down 0.73% on the day as on 13:19 IST on the NSE. MRF Ltd tumbled 1.83% in last one year as compared to a 7.42% rally in NIFTY and a 17.88% fall in the Nifty Auto index.
China confident it can clinch U.S. trade pact, Trump demands "real deal"
SHANGHAI (Reuters) - China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that he would revert to more tariffs if the two sides cannot resolve their differences.
Sensex 200 points down ahead of RBI policy
Broadly negative global cues and caution ahead of the RBI policy pushed the key indices during the afternoon session on Wednesday to trade over 0.5 per cent lower from their previous close .
Etihad discusses rescue deal for India's Jet Airways with bankers: sources
NEW DELHI (Reuters) - Abu Dhabi-based Etihad Airways, the second largest shareholder of Jet Airways Ltd, is holding talks with the debt-laden Indian carrier and its bankers on a rescue plan, two sources aware of the matter told Reuters.
Noida Toll Bridge Company announces appointment of nominee directors
With effect from 04 December 2018