Page 1643 - Business Finance
More trouble ahead for bruised rupee: Reuters poll
BENGALURU (Reuters) - The rupee will weaken over the six next months as uncertainty builds heading into national elections due in May, a Reuters poll showed.
Castor seed prices dip by Rs 56
Castor seed prices dipped by Rs 56 to Rs 5,636 per quintal in futures trade Wednesday after investors widened their bets amid firm trends. At the National Commodity and Derivatives Exchange, castor seed for January 2019 delivery was trading higher by Rs 56, or 0.98 per cent, to Rs 39,065 per quintal. Castor seed contracts for February next year, too, fell by Rs 56, or 0.98 per cent, to Rs 5,700 per quintal, with an open interest of 1,30,640 lots.
Metal and mining stocks slide
Weakness persisted on the bourses in mid-morning trade as pivotals remained gripped in selling pressure. At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 211.46 points or 0.59% at 35,922.85. The Nifty 50 index was down 79.60 points or 0.73% at 10,789.90. Metal and mining stocks dropped.
Kesoram Inds tumbles on plan to spin off its tyre biz
Kesoram Industries fell 13.73% to Rs 83.85 at 11:41 IST on BSE after the company said it will spin off its tyre business into a separate entity.
Global Markets: Stocks retreat as falling U.S. yields, trade worries sour mood
TOKYO (Reuters) - Asian stocks slid across the board on Wednesday, dragged down by Wall Street's tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.
Shajai Jacob Joins ANAROCK as CEO - GCC (Middle East)
/ -- To expand ANAROCK's UAE presence with new offices in Oman, Bahrain, Kuwait & Saudi Arabia by 2019 end ANAROCK Property Consultants today announced that sales & marketing veteran Shajai Jacob, previously Executive Director & Head - Marketing (West Asia) at international property consultancy JLL India, has been appointed as Chief Executive Officer - GCC (Middle East). He will be based out of ANAROCK's Dubai office and will have complete oversight of the firm's brokerage operations across the Middle East & North African countries. (Logo: https://mma.prnewswire.com/media/701435/ANAROCK_Logo.jpg ) Anuj Puri, Chairman - ANAROCK Property Consultants says, "We are excited to have Shajai on board to spearhead our rapidly growing Middle Eastern business. Shajai is perfectly aligned with our vision of becoming the most preferred, one-stop, technology-powered residential real estate services firm in the GCC region. He will expand our presence beyond our existing Dubai ...
Boom in services sector bodes well for GDP - finance ministry official
NEW DELHI (Reuters) - Strong growth in India's services sector "should augur well for 3rd quarter GDP growth," a top finance ministry official said in a tweet on Wednesday.
Volumes spurt at 3M India Ltd counter
3M India Ltd registered volume of 12543 shares by 10:46 IST on BSE, a 132.03 fold spurt over two-week average daily volume of 95 shares
India's services sector activity in Nov sees quickest growth since July: PMI
The country's services sector activity in November expanded at the quickest pace since July, driven by new work orders and favourable market conditions, which in turn led to a continued rise in jobs, a monthly survey said Wednesday. The seasonally adjusted Nikkei India Services Business Activity Index rose to a four-month high of 53.7 in November, from 52.2 in October, as firms highlighted factors such as favourable market conditions and sales growth that boosted activity. The services PMI was in the expansion territory for the sixth straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. Meanwhile, the Nikkei India Composite PMI Output Index -- that maps both the manufacturing and services sector -- rose from 53 in October to 54.5 in November, pointing to the fastest expansion in private sector activity since October 2016. "The welcoming news complements similar upbeat results in the manufacturing industry, released earlier in .
UK car sales fell around 3 percent in November - preliminary data
LONDON (Reuters) - British new car sales dropped by around 3 percent last month compared with November 2017, according to preliminary data released by an industry body on Wednesday.
Oil prices slip on global growth concerns, swelling U.S. supply
SINGAPORE (Reuters) - Oil prices fell on Wednesday, pulled down by swelling U.S. inventories and a plunge in global stock markets as China's government warned of increasing economic headwinds.
ONGC gets $32 million payment from Venezuela's PDVSA
NEW DELHI (Reuters) - India's Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela's state oil firm will be regular in making further payments, a senior ONGC official said.
Strong domestic demand takes November services growth to 4-month high - PMI
BENGALURU, Dec 5 (Reuters) - Business activity in India's dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday.
US lawmakers welcome Trump-Xi talks on trade
Top American lawmakers hailed the positive development between the US and China in trade following talks between President Donald Trump and his Chinese counterpart Xi Jinping in Argentina during which the Communist nation agreed to help reduce the trade imbalance. The leaders of the world's largest trading partners struck a temporary truce on Saturday in Buenos Aires, with Trump agreeing to maintain the 10 per cent tariffs on USD 200 billion worth of Chinese goods, and to defer his original January 1 deadline for raising them further. In exchange, China agreed it would be willing to purchase a "very substantial" amount of agriculture, energy and other goods from the United States to help reduce the trade imbalance. China now has 90 days to work with the US to strike a deal on an array of issues, including: the large trade imbalance between the two countries, intellectual property concerns and forced technology transfers China has agreed to buy a large amount of agricultural products ..
Mahendra Singhi elected new President of Cement Manufacturers Association
Singhi takes over from the outgoing President Shailendra Chouksey, CMA said in a statement.
Tata Motors falls as S&P cuts credit rating on JLR woes
(Reuters) - Shares of Tata Motors Ltd fell on Wednesday after S&P cut credit rating for the automaker and its British luxury car unit Jaguar Land Rover (JLR), citing weaker-than-expected profitability at JLR.
It will be a 'real-deal' or no deal at all with China, says 'tariff man' Trump
United States President Donald Trump while talking about the US-China trade truce stated that either Washington will have a real deal with Beijing or no deal at all.He further asserted that if no deal is struck between the two nations, then the US will slap major tariffs against Chinese products being exported to the US."We are either going to have a REAL DEAL with China, or no deal at all - at which point we will be charging major Tariffs against Chinese product being shipped into the United States. Ultimately, I believe, we will be making a deal - either now or into the future.... ...China does not want Tariffs!," Trump tweeted on Tuesday (local time)."I am a Tariff Man," Trump he added.Following the meeting with his Chinese counterpart Xi Jinping on the sidelines of recently concluded G20 summit in Argentina, Trump had tweeted that the negotiation between the two countries had begun and that he was looking forward to the possibility of having a "real deal" with China.Retorting to .
S & P Global Ratings downgrades ratings of Tata Motors & JLR
Tata Motors Issuer Credit Ratings - BB-/Negative Watch (Revised from BB due to weaker profitability at JLR) Senior Unsecured notes Ratings - BB-/Negative Watch (Revised from BB due to weaker profitability at JLR)
Japan Nikkei extends losses on growth worries
Risk aversion selloff triggered amid growing uncertainty about whether a truce struck between Chinese President Xi Jinping and US President Donald Trump at the G20 summit will lead to a long-term deal to ease trade tensions between the two superpowers.
Australia Stocks extend losses on negative offshore lead, GDP data
Risk aversion selloff triggered amid growing uncertainty about whether a truce struck between Chinese President Xi Jinping and US President Donald Trump at the G20 summit will lead to a long-term deal to ease trade tensions between the two superpowers.