Page 1661 - Business Finance
Paris riots hurt French tourism and transport stocks
LONDON/PARIS (Reuters) - French stocks sensitive to the economy and to tourism fell in an otherwise buoyant market on Monday after the worst riots in decades swept Paris, stirring concerns about the possible damage from visitors steering clear of the capital.
Nifty December 2018 futures at steep premium
Turnover in F&O segment declines
Board of Vyapar Industries approves buyback of shares
On 30 November 2018
Benchmarks crawl higher amid volatile trading
Key equity benchmarks extended gains for sixth straight trading session. However, the trading was volatile as gains triggered by strong global cues were almost offset by lower-than-expected domestic GDP data. Selling in Sun Pharmaceutical Industries, Reliance Industries and Mahindra & Mahindra capped gains. Global shares were upbeat as truce talks between US and Chinese leaders at the G20 summit improved investors' risk appetite.
Quick Wrap: Nifty Realty Index gains 2.41%
Powered by Capital Market - Live News
Easing of US-China trade tensions is a big relief for other trading nations, including India: FICCI
"The very fact that no additional tariffs will be imposed by the US and both the two sides will engage in negotiations, is a big relief for other trading nations, including India. Also, with the G20 nations agreeing for the required reforms in the multilateral trading platform, WTO; India's role in this exercise will be critical in bringing together all the countries to the discussion table for finding a workable solution," said Mr Rashesh Shah, President, FICCI. "As the country will now be hosting the G20 summit in 2022, it can play an important role in helping the positive results of the Argentina meeting deliver concrete results, going ahead," he added.
Unilever buys GSK Asian health drinks arm for 3.3 bn euros
Anglo-Dutch food giant Unilever said Monday it is buying GlaxoSmithKline's health drinks portfolio in Asia for a total of 3.3 billion euros (USD 3.7 billion), including iconic night-time hot drink Horlicks. The deal includes GSK's business in "India, Bangladesh and 20 other predominantly Asian markets... and is aligned with (our) strategy of increasing presence in health food categories and in high-growth emerging markets," Unilever said in a statement. "GSK's health drinks portfolio is the undisputed leader... in India, with iconic brands such as Horlicks and Boost and a product portfolio supported by strong nutritional claims," the London and Rotterdam-based group added. Horlicks has a long history in India -- which accounts for almost 90 per cent of the GSK arm's turnover in Asia -- having been introduced there in the 1930s. "Horlicks products have been an everyday staple in South Asian households across generations," Unilever said, adding GSK's health drinks portfolio has grown by
Investors shun French tourism and supermarket stocks after riots
LONDON (Reuters) - French stocks sensitive to the economy and to tourism fell in an otherwise buoyant market on Monday after the worst riots in decades swept Paris over the weekend.
Unilever to acquire GSK health food portfolio for 3.1 bn pound
Anglo-Dutch FMCG giant Unilever Monday said it will acquire health food and drinks portfolio of GlaxoSmithKline (GSK) in India and over 20 other markets predominantly in Asia for a consideration of 3.1 billion pound. As part of the transaction, Unilever's Indian arm, Hindustan Unilever Ltd (HUL) will acquire GlaxoSmithKline Consumer Healthcare Ltd (GSK CH India) via an all-equity merger, valuing the total business of the latter at Rs 31,700 crore. GSK CH India is the market leader in the health food drinks (HFD) category, with popular brands such as Horlicks and Boost. Announcing the deal that also covers "Bangladesh and 20 other predominantly Asian markets", Unilever said the transaction consists of an all-equity merger of HUL with the publicly-listed GSK Consumer Healthcare India and acquisition of 82 per cent stake in GSK Bangladesh Ltd. It also includes acquisition of certain other commercial operations and assets outside India, it added. HUL said its board has given nod for the ..
Denmark will cushion financial sector in event of hard Brexit: business minister
COPENHAGEN (Reuters) - The Danish government will do whatever it can to cushion the Danish financial sector from potential blows should it come to a "no-deal" Brexit, its business minister said on Monday.
Nifty, Sensex up for sixth day, Hindustan Unilever gets Horlicks boost
(Reuters) - Indian stocks rose on Monday after a truce in trade relations between the United States and China, while shares in Hindustan Unilever jumped after its deal involving GlaxoSmithKline's Horlicks nutrition business.
Gold hits near one-month high on U.S.-China trade detente
BENGALURU (Reuters) - Gold climbed to a near one-month high on Monday as the dollar weakened after the United States and China agreed during the G20 summit in Argentina to a temporary truce in their trade war.
Ample inventory weighs on gasoil prices
SINGAPORE (Reuters) - The Asian gasoil cash differentials were under pressure on Monday from ample inventory in the region, with China cranking up exports and rare diesel exports seen from the Philippines, trade sources said.
Belgian billionaire Albert Frere dies at 92
Albert Frere, the industrialist who became one of Belgium's richest persons during more than a half-century of deal-making, has died at the age of 92 years, according to his GBL group. Starting out in the scrap metal sector, his relentless business drive turned him into one of Europe's most important businessmen until he retired three years ago. The company said in a statement Monday that "under Frere's leadership, GBL became one of the largest holdings in Europe." Belgian media said Frere was the nation's fourth-richest person with an estimated fortune of over euros 6 billion (USD 7 billion).
India has been at the forefront of improving its trade facilitation capacities, as reflected in the World Bank's Ease of Doing Business rankings: FM
The Finance Minister recalled that there was a lack of clarity on the issue when trade facilitation came up initially in 1996 on the agenda of global trade talks. Despite this, every country was in due course compelled to realize that the matter needs attention. He expressed happiness that by 2014, most countries had come to agree on the importance of trade facilitation and that WTO had finally reached an agreement as regards trade facilitation.
Sensex, Nifty end flat over weak rupee, macro data
The key equity indices managed to register their sixth straight session of gain on Monday as the S&P BSE Sensex and Nifty50 closed marginally up.
Cutting trade barriers imperative for all nations: Jaitley
Union Finance Minister Arun Jaitley on Monday said trading across borders has become an "economic imperative of our times" and it is in every nation's interest to bring down the trade barriers for the global economy.
Modi creating two Indias: Rahul
Taking a dig at Narendra Modi over the fall in crop prices, Congress President Rahul Gandhi on Monday said the Prime Minister was creating two Indias -- one for corporates and the other for farmers.
Market logs small gains in volatile trade
Indian equity benchmarks logged small gains in a volatile session of trade as gains triggered by strong global cues were almost offset by lower-than-expected GDP data. The barometer index, the S&P BSE Sensex, rose 46.70 points or 0.13% at 36,241, as per the provisional closing data. The Nifty 50 index rose 7 points or 0.06% at 10,883.75, as per the provisional closing data.
Gold finds lost sheen, jumps Rs 390; silver soars by Rs 800/kg
Offsetting four days of losses, gold prices Monday recovered Rs 390 to close at Rs 31,850 per 10 gram at the bullion market in the national capital on rise in demand from local jewellers amid firm trend overseas. Silver followed suit and shot up by Rs 800 to 37,360 kg on strong demand from industrial units and coin makers. Traders said rise in demand from jewellers and retailers and strong global cues led to a spurt in gold prices. The precious metal had lost Rs 390 in the past four sessions. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 390 each to Rs 31,850 and Rs 31,700 per 10 gram, respectively. Sovereign gold, however, held steady at Rs 24,700 per piece of 8 grams. Globally, gold traded higher at USD 1,226.66 an ounce in New York, while silver moved up to USD 14.33 an ounce. Meanwhile, silver ready spurted by Rs 800 to Rs 37,360 per kg, while weekly-based delivery declined by Rs 602 to Rs 35,749 per kg. Silver coins, however, ended flat at Rs .