Page 1649 - Business Finance
Indian Oil Corp issues 5-yr tanker tender to import Iraqi oil: document
NEW DELHI (Reuters) - India's top refiner, Indian Oil Corp (IOC), has issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.
DoT likely to appoint firms to audit revenues of pvt telcos by month-end
The telecom department is likely to appoint at least 4-5 auditors by this month to conduct the planned special audit of private telecom companies for period FY12 to FY18, according to a source. The bids are expected to be submitted by December 18 by interested auditors that are empanelled under Comptroller and Auditor General of India, and the appointment is likely to take place by the month-end, said an official familiar with the entire process. The audit will be carried-out to check for any under-reporting of revenue by telecom companies, and is expected to be wrapped-up by middle of next year, the official added. Audits will be conducted for all large private telecom companies as also those which have announced an exit or are in the process of merging with bigger rivals. The work on auditing will start from January, the source said. "The idea is to see whether there is any concealment of revenue... because our licence fee is based on their revenue. We want to ensure that the ...
Oil India commissions Cyclic Steam Stimulation Technology
In Baghewala PML of Rajasthan
Indiabulls Ventures allots CCDs aggregating Rs 1480 crore
Upon conversion of these CCDs into an equivalent number of fully paid up Equity Shares of face value of Rs. 2/- each (at a premium of Rs. 548/- per Equity Share), the paid up share capital of the Company would stand increased to Rs. 1,164,118,368.10 divided into 548,939,979 fully-paid up Equity Shares of face value of Rs. 2 each and 82,547,512 partly-paid up Equity Shares with Rs 0.80 paid up and 400,801 partly-paid up Equity Shares with Rs 0.50 paid up.
Keysberg becomes CEO of Thyssenkrupp's materials trading unit
FRANKFURT (Reuters) - Klaus Keysberg, finance chief of Thyssenkrupp's materials trading unit, will become the division's boss from next year, the company said on Tuesday.
Rupee slips further 3 paise to 70.49 against dollar as crude pursue climb
The rupee slipped further by 3 paise to close at 70.49 against the US dollar Tuesday due to increased demand for the American currency from importers and firming global crude oil prices. Forex traders said the dollar strengthening against major global currencies overseas and losses in the domestic equity market also weighed on the local unit. At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.50 and fell further to touch the day's low of 70.68 a dollar. The domestic currency, however, pared some losses and finally ended at 70.49 per dollar, down by 3 paise against its previous close. On Monday, the rupee had dropped by 88 paise, its biggest single-day loss in more than three months, to close at 70.46 against the US currency. The rupee came under pressure following heavy selling in domestic equities and rise in crude oil prices. Brent crude, the international benchmark, again and was quoted at USD 63.09 per barrel Tuesday, higher by 2.27 per cent, putting ...
Isuzu to hike vehicle prices by up to Rs 1 lakh from January
Utility vehicle maker Isuzu Motors India Tuesday said it will hike prices of vehicles by up to Rs 1 lakh from January to offset increasing input and distribution costs. The prices of D-MAX pick-ups and mu-X SUV will be increased with effect from January 1, 2019, Isuzu Motors India said in a statement. The price increase is expected to be 1-2 per cent for the commercial range D-MAX regular cab and D-MAX S-CAB, and 3-4 per cent for lifestyle and adventure pick-up, D-MAX V-Cross and mu-X SUV, it added. "The price increase will be in the range of Rs 15,000 to Rs 1 lakh, across models and variants," the company said. The increase in price is due to rising input and distribution costs, it added. At present, the company's vehicles are available at a price range of around Rs 7.28 lakh to Rs 28.3 lakh (ex-showroom Delhi). Last month, Toyota Kirloskar Motor had announced that it would increase prices of vehicles across models by up to 4 per cent from January 1, 2019, to offset increasing ...
LNG buyers try to ditch U.S. gas commitments
LONDON/SINGAPORE - Several large liquefied natural gas (LNG) players have tried to offload their obligation to buy future cargoes from the United States, shedding excess commitments made years ago in the rush for new sources and commercial terms for the fuel.
Nissan committee fails to nominate chairman to succeed Ghosn: Kyodo
TOKYO (Reuters) - External board members of Nissan Motor Co failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the carmaker in the wake of his arrest and dismissal for alleged financial misconduct, Kyodo News reported.
Special Report: Wall Street cleans up on 'clean' coal subsidies
(Reuters) - Earlier this year, the chief financial officer of global insurance giant Arthur J. Gallagher & Co. explained to analysts how the company had turned a little-known U.S. energy subsidy into a profit machine, worth hundreds of millions of dollars to its bottom line.
You wanted it, you got it: Carney defends BoE Brexit report
LONDON (Reuters) - Bank of England Governor Mark Carney hit back at critics of the central bank's warnings of a potentially big Brexit hit to the economy, denying allegations of scare-mongering made by some lawmakers who oppose Prime Minister Theresa May's plans.
World Bank says assumption is Russia sanctions will stay the same
MOSCOW (Reuters) - The World Bank's lead economist for Russia said on Tuesday that the assumption was that sanctions against Russia would remain the same as they are currently.
Oil jumps 2 percent on expected production cuts
LONDON (Reuters) - Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply.
Odisha to auction 16 mines by March next year: minister
Odisha government is set to auction 16 mines including 10 iron ore reserves by the end of March 2019, Steel and Mines Minister Prafulla Mallick said here Tuesday. Leases of these 16 mines have been expired and the Centre has been informed about the decision of the state government, Mallick told reporters here. "Once we get the approval from the Centre, the state government will put 16 mines under auction," he said. The auction process is likely to begin this month. Replying to a question, the minister said at least 31 mine owners have failed to deposit penalty for illegal mining as per the order of the Supreme Court. Of the 31 mine owners, the state government has cancelled lease of six and 25 got stay order from the court, Mallick said. The owners of the six mines whose leases have been cancelled will have to participate in the auction as per normal procedure, he said.
Niddal Salah-Eldin to Take Over as dpa's Deputy Editor-in-chief and Head of Innovation and Product
/ -- The 33 year-old incoming head of innovation is joining from "Welt" - "Perfect for the job" Niddal Salah-Eldin will take over as deputy editor-in-chief and head of innovation and product at the German Press Agency (dpa) in Berlin starting May 1st 2019. In this role her primary task will be to drive the digital transformation of the agency. The 33-year old journalist is joining from "Welt," where she currently holds the position of Director of Digital Innovation within the editorial management team. She is taking over from Roland Freund (50), who is moving for family reasons to Munich and will take over as regional bureau chief there. - Cross reference: Picture is available at AP Images (http://www.apimages.com) - "With Niddal Salah-Eldin a digital visionary of the German media landscape is joining dpa, in order to lead the transformation from a news agency to a media intelligence company from a key position. She has a great personality and is a team player, knows the needs of ...
India GDP to recover in Q4 of FY19; Q3 to remain slow: Niti
The country's economy is likely to bounce back during the fourth quarter at a faster rate to match the overall projection for the current fiscal, Niti Aayog Vice Chairman Rajiv Kumar said Tuesday. However, the economy is unlikely to recover in the third quarter from the slow pace during the last quarter, the Aayog said. "Niti Aayog has not done its own projection yet. I think it will be around the same figure as projected by the Reserve Bank, which will be 7.4-7.5 per cent," Kumar told PTI here. He was responding to a query on the overall GDP growth of India during the current financial year. When asked if the economy will bounce back in the third quarter, Kumar said: "(It) may not recover. The recovery will be, I think, in second half. I don't know about quarter three. But I think we will remain in the same level and then become faster in quarter four. That way I am looking at it". India's growth in the July-September quarter slipped to 7.1 per cent from 8.2 per cent in the ...
Board of Kesoram Industries decides to demerge its tyre business
At meeting held on 04 December 2018
Board of Golechha Global Finance accepts resignation of company secretary
With effect from 04 December 2018
SoftBank, other investors, keen to pump up to USD 1 bn in Ola
Cab aggregator Ola has received interests from multiple investors, including existing shareholder SoftBank, to pump in funds of up to USD 1 billion, according to sources. Locked in a bruising battle for market leadership with US-based rival Uber in India as well as in markets like Australia, New Zealand and the UK, Ola has been aggressively ramping up its ride hailing platform and food delivery operations. Multiple sources, who did not wish to be identified, said the Bengaluru-based company has received interests from various investors, including existing shareholder SoftBank, to pump in funds between USD 800 million and USD 1 billion. However, no formal discussions in this regard have started yet, they added. Ola declined to comment on the matter, while an email sent to SoftBank did not elicit any response. ANI Technologies, which operates Ola, has raised well over USD 2 billion and counts among its investors names like SoftBank Group, Tiger Global and Sequoia India. In October last .
Finnair Holiday Division, Aurinkomatkat Chooses RateGain for Comprehensive Market Intelligence for Pricing its Holiday Packages
/ -- RateGain today announced that they have been chosen by Aurinkomatkat, the tour operator of Finnair, to derive comprehensive rate intelligence for pricing its tour packages. RateGain's industry-first, big data solution, RevGain Packages, would aid Aurinkomatkat in predicting the overall demand of tour packages, and then optimize the prices based on the acquired competitive intelligence, historical and other correlated data. Image: http://rategain.com/wp-content/uploads/2018/12/finnair.jpg Commenting on the partnership, Apurva Chamaria, CRO, RateGain said, "We are happy to announce our association with Aurinkomatkat and support them in augmenting their Revenue Management Operations. RevGain leverages ML and is designed to enhance the pricing & forecasting abilities, so that Package & Tour operator companies can come up with the right suite of offerings. All the price recommendations are scientific are are based on smart algorithms and deep insights acquired from multiple ..