Page 1654 - Business Finance
FICCI Welcomes Easing Of US-China Trade Tensions
The encouraging signals from the US President Donald Trump and Chinese President Xi Jinping's meeting in Argentina have already initiated the process that, in all probability, will succeed in defusing the impending global trade war which threatened to impact world trade in a major way, noted the industry body FICCI in a latest press release. The escalating tensions between the two major trading nations in the world has been a cause of deepening concern in terms of its adverse impact on the financial markets across the world and also the economy.
GOI Announces Sale (Re-issue) Of 8.24% G Sec 2027 For Notified Amount of Rs 3,000 Crore
Government of India has announced the Sale (Re-issue) of (i) 8.24% Government Stock, 2027 for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) 7.17% Government Stock, 2028 for a notified amount of Rs 4,000 crore (nominal) through price based auction, (iii) 7.50% Government Stock, 2034 for a notified amount of Rs 2,000 crore (nominal) through price based auction, and (iv) 7.72% Government Stock, 2055 for a notified amount of Rs 3,000 crore (nominal) through price based auction. Subject to the limit of Rs 12,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on December 7, 2018 (Friday).
GlaxoSmithkline Consumer Healthcare Ltd spurts 0.36%, gains for fifth straight session
The stock is quoting at Rs 7574.2, up 0.36% on the day as on 12:44 IST on the NSE. GlaxoSmithkline Consumer Healthcare Ltd is up 24.22% in last one year as compared to a 7.27% jump in NIFTY and a 17.57% jump in the Nifty FMCG.
Gold prices climb to over 1-month high on weaker dollar
BENGALURU (Reuters) - Gold prices gained on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar slipped after the United States and China agreed to a temporary truce in their trade conflict that rattled global markets.
China's Huatai Securities plans to list in London on December 14: source
SHANGHAI (Reuters) - Chinese brokerage Huatai Securities plans to list on the London Stock Exchange on Dec. 14 via the Shanghai-London Stock Connect, a person with direct knowledge of the plan said.
Paisabazaar.com launches India's first chance of approval feature for lending products
Paisabazaar.com, India's largest online marketplace for financial products has launched an industry-first feature that will help loan applicants choose their most-suited lender on its platform.Named 'Chance of Approval', this advanced predictive algorithm has been created by Paisabazaar.com by using the last four years of lending data.While this is the first such initiative in India, globally a few leading players, like Credit Karma in the US, have developed similar features to improve the acceptance rate on their platforms."As the market leader in India, we are now looking at global benchmarks to innovate and enhance customer experience on our platform. With the Chance of Approval feature, we are bringing Indian consumers one step closer to the best international consumer experience for lending products. It will not just help our consumers choose the right lender, but also provide our partners with their desired set of customer segments," said Naveen Kukreja, Co-founder and CEO, ...
Cotton Textile export during April to September 2018 grow by 26.81 pct: TEXPROCIL
During the current year period April-September 2018, the exports of cotton textiles (Yarns, Fabrics, Made-up and Raw cotton) from India reported a growth of 26.81% reaching a level of USD 6.23 billion, stated Ujwal Lahoti, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL) at the 64th Annual General Meeting of the Council held on 29th of November 2018.Shri Lahoti further stated that during this period (January-December 2017), India exported cotton textile products worth USD 10.82 billion reporting a growth of 3.54% over the previous year. Cotton made-ups (USD 5.26 billion) dominated the Indian cotton textiles basket with a share of 48.61%, followed by cotton yarns (USD 3.45 billion) achieving a share of 31.88% and cotton fabrics (USD 2.11 billion) recording a share of 19.51%.GST -Texprocil Chairman stated that there are some areas in GST, which need urgent attention of the policymakers. These are as follows:• Refund of IGST on exports should be delinked from monthly .
Indices off day's low
Key equity indices cut losses in early afternoon trade after an intraday slide. At 12:21 IST, the barometer index, the S&P BSE Sensex, was down 105.04 points or 0.29% at 36,135.96. The Nifty 50 index was down 18.70 points or 0.17% at 10,865.05. Most Asian stocks fell.
R S Software (India) Ltd leads gainers in 'B' group
Madras Fertilizers Ltd, Punjab Communications Ltd, Vikas Ecotech Ltd and Compucom Software Ltd are among the other gainers in the BSE's 'B' group today, 04 December 2018.
Insight: Digital newcomers out to disrupt South African banking
JOHANNESBURG (Reuters) - Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard.
GSTR 9 Deadline Announced - LegalDocs Launches GSTR 9 Filing for MSME
/ -- First time in history of GST, Indian businesses have to comply with Annual GST filing under GSTR 9. There is a lot of confusion amongst small business owners regarding compliance of GSTR 9. Entrepreneurs, Businessman and Taxation executives are unaware of the processes to be followed. Professional support system to MSMEs is fragmented and there is no established player who provides accessible guidance to MSMEs. (Logo: https://mma.prnewswire.com/media/793286/LegalDocs_Logo.jpg ) LegalDocs understands this pain-point of MSMEs & with the help of expert CA panel onboard, the company is resolving this issue. LegalDocs is leveraging digital mediums like blogs, videos and live seminars & have successfully educated more than 25,000 MSMEs on the process of updating GST. With the introduction of GSTR 9, LegalDocs will be helping MSMEs to understand annual compliance of GST. Consultation includes procedure to file GSTR 9 , what are the forms to be filled, preparation required to ...
Reliance Communications Ltd leads gainers in 'A' group
Infibeam Avenues Ltd, Equitas Holdings Ltd, ICICI Lombard General Insurance Company Ltd and NBCC (India) Ltd are among the other gainers in the BSE's 'A' group today, 04 December 2018.
TIBCO to buy data management firm Orchestra Networks - sources
(Reuters) - TIBCO Software Inc, a large privately-held business software provider, is acquiring French data management company Orchestra Networks in a move that will bolster its ability to help clients organize customer data, according to sources familiar with the matter.
Nifty, Sensex echo weakness in Asia; investors await state polls' verdict
(Reuters) - Indian shares fell on Tuesday tracking weaker sentiment across Asia, as domestic investors remained cautious ahead of election results for some states next week.
Board of Varun Mercantile announces change in directorate
With effect from 03 December 2018
IT stocks buck weak market trend
Fresh selling in index pivotals pulled the key indices to day's low in mid-morning trade. At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 183.45 points or 0.51% at 36,057.55. The Nifty 50 index was down 37.70 points or 0.35% at 10,846.05. IT stocks gained. Most Asian stocks fell.
AWS logs significant growth in India: Amazon CTO (IANS Interview)
For the first time since launching its Mumbai region services two years back, retail giant Amazon's Cloud arm Amazon Web Services (AWS) has seen a 70 per cent increase in the accounts of Indian companies, says Amazon Chief Technology Officer (CTO) Werner Vogels.
Emmbi Industries launches funding scheme for farmers in Maharashtra
MAHABANK- EMMBI JALASANCHAY SCHEME is first of its kind funding scheme in Indian Agricultural Sector which will help farmers across the country to avail a long term loan for purchase of emmbi jalasanchay pond liner for making farms ponds for water conservation. The MAHABANK- EMMBI JALASANCHAY SCHEME is specially designed to purchase emmbi products and is an open ended scheme with no cap applicable pan India.
Board of Rallis India approves change in MD and CEO
At meeting held on 03 December 2018
Ramco Systems and KPMG Malaysia to collaborate to offer HR & Payroll solutions
KPMG said it will use Ramco's HR and Global Payroll Platform as the cloud-based architecture to roll out its Business Platform as a Service (BPaaS). This would include Core HR, Payroll, Travel, Expenses, and Time & Attendance Management, coupled with features like Voice, Chatbots and Mobility.