Page 1655 - Business Finance
Sun Pharma bucks trend after clarification
Sun Pharmaceutical Industries rose 0.48% to Rs 457.50 at 11:09 IST on BSE on bargain hunting after the company issued a clarification to the bourses.
Tamil Nadu Govt. Revises the ICT Policy With an aim to Boost Confidence and Attract IT Occupiers Over the Next Five Years
/ -- A decade after its first release, the Tamil Nadu government has revised the Information Communication Technology (ICT) Policy. The policy envisages incubators, start-up accelerators and the promotion of research parks in the state via the Public-Private Partnership (PPP) model. The Tamil Nadu government is setting up ELCOSEZ, an IT-ITeS Special Economic Zone (SEZ) designed to attract investment, with locations in Chennai, Coimbatore, Madurai, Trichy, Salem, Tirunelveli and Hosur. "One of the policy's key focus is being abreast with cutting-edge and newer technologies, which is essentially need of the hour. The emphasis on Tier B locations and the incentives promised would be welcomed by a large number of IT/ES firms, if executed as planned. And with Global Investment Meet (GIM) scheduled in 2019, the revised ICT policy could not have come at a better time than now," said Shaju Thomas, Director, Office Services (Chennai) at Colliers International India As per Colliers Research, ..
Shriram EPC bags orders worth Rs 225.71 crore
The scope of work of this order involves augmentation and-strengthening of Dhanbad Water Supply Scheme Phase 1 under Dhanbad Municipal Corporation and Water supply system for Khunti Nagar Panchayat(Jharkhand).
China drives stunning growth in global trademark applications, UN says
GENEVA (Reuters) - China was the driving force by a 30 percent leap in global trademark applications in 2017 as innovation turns into the main battleground among competing world economies, the U.N. World Intellectual Property Organization said on Monday.
Volumes soar at Thomas Cook (India) Ltd counter
Thomas Cook (India) Ltd clocked volume of 46417 shares by 10:47 IST on BSE, a 10.57 times surge over two-week average daily volume of 4391 shares
Australia central bank holds rates, still optimistic on economy
SYDNEY (Reuters) - Australia's central bank kept rates at record lows on Tuesday and took an optimistic view on domestic activity ahead of data that is likely to show the economy grew more than 3 percent last quarter.
JioMusic and Saavn integrate to create South Asia's largest music streaming platform
As announced in March 2018 at the time of acquisition of Saavn by Reliance Industries, the implied valuation of the combined entity at over US$1 billion makes it the most valuable music streaming platform in South Asia, and among the most popular in the world.
BSE Mid-Cap, Small-Cap indices outperform Sensex
Stocks hovered in a small range in negative zone in morning trade. At 10:20 IST, the barometer index, the S&P BSE Sensex, was down 101.89 points or 0.28% at 36,139.11. The Nifty 50 index was down 19.65 points or 0.18% at 10,864.10. Most Asian stocks fell.
China: Stocks trades mixed on profit booking
Factory activity grew slightly in November in China, a private survey showed, though new export orders extended their decline in a further blow to the sector. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for November, released yesterday, ticked up to 50.2 from 50.1 in October. Domestic orders have been losing momentum in recent quarters as the world's second-largest economy slows. Overall, a sub-index measuring new orders did improve slightly to 50.9 in November from 50.4 in the previous month, after manufacturers cut prices. The trade risk was underscored by the sub-index for new export orders shrinking to 47.7 in November from 48.8 a month earlier, amid relatively weak global demand conditions, according to the survey.
Gold hits over 1-month high on easing dollar
BENGALURU (Reuters) - Gold prices rose on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar stumbled after the United States and China agreed to a temporary truce in their trade conflict that rattled global markets.
Factbox: Contrasting Chinese, U.S. statements on trade war agreement
(Reuters) - China and the United States agreed on Saturday to a truce in their trade war following talks between Chinese President Xi Jinping and U.S. President Donald Trump on the sidelines of the G20 summit in Argentina.
Japan Nikkei falls on profit-taking
Shares of exporters were mostly lower on a stronger yen. Sony was down 0.2%, Panasonic fell 0.3% and Mitsubishi Electric was lower by 0.7%, while Canon rose more than 1%. Sharp was down 0.34% after activist groups criticised it for allowing its subcontractors to cut some 2,900 foreign workers at a factory in Japan.Among the major automakers, Toyota rose 0.4%, while Honda was lower by 0.2%.
Singapore-based Everise Acquires Trusource Labs; Expanding Customer Support to Internet of Things
/ -- Singapore-based Everise announced today that it has signed a binding agreement to acquire the US company Trusource Labs. The acquisition is expected to close before the end of 2018. Trusource Labs specializes in technical support for Internet of Things (IoT) and help desk experiences for Apple users. Trusource Labs joins the Everise family of companies, each focused on disrupting and elevating the delivery of customer experiences globally. With the explosion in internet-connected devices in the home and the workplace predicted to Gartner to reach more than 21 billion devices by 2020, this acquisition will uniquely position Everise to capitalize on this massive market opportunity by providing highly complex, fully integrated technical and customer support solutions. As part of the acquisition, Trusource Labs will maintain its headquarters in Austin, Texas and its experience delivery locations in the US and Europe. The existing Co-CEO, Alton Martin, will remain with the company, ...
China central bank chief says will keep monetary policy flexible
SHANGHAI (Reuters) - China's central bank will keep monetary policy flexible and adjust it appropriately according to changes in the country's economic situation, bank Governor Yi Gang said.
Australia Stocks fall on profit booking
Shares of energy players declined, despite an overnight jump in oil prices. Santos fell 2.6% as investors cashed in on Monday's gains, while Woodside, Origin and Oil Search were all more than 1% lower.
Global Markets: Asia shares fall as lift from U.S.-China trade truce ends
SHANGHAI (Reuters) - Asian shares fell on Tuesday as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences.
Rupee falls 9 paise to 70.55 against US dollar in early trade
The rupee depreciated by 9 paise to 70.55 against the US dollar in early trade Tuesday at the interbank foreign exchange, amid strengthening of the US dollar and rising crude oil prices. Forex dealers said fresh demand for the American currency from importers amid rise in crude prices weighed on the domestic unit. Besides, investors were treading the cautious path ahead of the RBI policy decision. The rupee opened lower at 70.50 a dollar and dropped further to quote at 70.55, 9 paise down over its previous close. On Monday, the local unit snapped its four-day rising streak and dropped by 88 paise, its biggest single-day loss in more than three months, to close at 70.46 against the US currency. Crude prices are on a rebound after Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman agreed to extend their agreement to limit production to arrest a slump in global prices. Crude oil prices surged over 1.07 per cent to USD 62.35 per barrel in global ...
Casio Runs Awareness Drive Against Selling of Their Counterfeit Products
/ -- Casio, a leading lifestyle brand in the country, is aggressively running awareness drives to fight the counterfeit markets in India and caution the retailers to desist from such crimes. In order to educate consumers, Casio India regularly conducts awareness programs through various platforms to enable consumers to identify the genuine Casio products. Umesh Kumar Gupta, Legal Head of Casio India said, "The sale of counterfeit products not only affects the business and the brand image but also affects the rights of unwary consumers who end up purchasing the counterfeit products believing it to be a genuine product of Casio. Hence the brand enforcement is been looked at very seriously by Casio. To the significant extent, the brand has been successful in its drive to clean up the counterfeit markets in the past through the raid actions." Continuing its drive to curb the supply of fake Casio calculators and watches in the market, Casio, carried out raids in the shops at Lajpat Rai ...
Big gains at Wall Street
Stocks rally as trade tensions ease
HCL Technologies opens Delivery Center in Adelaide
This Delivery Center and Office opening in Adelaide joins HCL's network of Global Delivery Centers across the world. As part of the contract, HCL will build an intelligent sourcing model with their digital transformation for the future. HCL will work with Elders to achieve their vision of an agile IT environment that supports future business growth and delivers quality service to clients across Australia and internationally. Initially, HCL will help create 50 jobs in the region. At present, HCL employs 1600+ professionals in the Australia region.