Page 1665 - Business Finance
Sorrell in advanced talks to buy ad group MightyHive
LONDON (Reuters) - Martin Sorrell's new company S4 Capital said on Monday it was in advanced talks to buy MightyHive, a San Francisco-based programmatic advertising group that partners with major brands.
Lupin Ltd soars 0.59%, gains for fifth straight session
The stock is quoting at Rs 892, up 0.59% on the day as on 12:44 IST on the NSE. Lupin Ltd is up 9.52% in last one year as compared to a 7.27% jump in NIFTY and a 0.28% jump in the Nifty Pharma.
Indian manufacturing sector continues to power ahead in November: Nikkei India Manufacturing PMI
Nikkei India Manufacturing PMI rises for the third consecutive month to 54.0 in November 2018
Indices sink in negative zone
Key indices erased intraday gains and sink in negative zone in early afternoon trade. At 12:24 IST, the barometer index, the S&P BSE Sensex, was down 53.59 points or 0.15% at 36,140.71. The Nifty 50 index was down 23.80 points or 0.22% at 10,852.95. Shares of index heavyweight Reliance Industries declined. Realty stocks gained. Sentiment was hit by lower-than-expected GDP data.
Pakistani stocks fall 3 percent after rate hike, growth forecast lowered
ISLAMABAD (Reuters) - Pakistan's stock market fell 3.1 percent on Monday after the central bank hiked its policy interest rate by 150 basis points to 10 percent on Friday and sharply cut its economic growth forecast.
Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW
WASHINGTON/SHANGHAI (Reuters) - U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.
Qatar intends to withdraw from OPEC
Qatar on Monday announced that it intended to withdraw from the Organization of Petroleum Exporting Countries (OPEC) in order to focus on its plans to increase natural gas production,.
Refined soya oil futures gain 0.72% on spot demand
Refined soya oil prices advanced by 0.72 per cent to Rs 722.5 per 10 kg in futures trade Monday as speculators raised their positions on the back of rising demand. At the National Commodity and Derivatives Exchange, refined soya oil for January 2019 went up by Rs 5.15, or 0.72 per cent, to Rs 722.50 per 10 kg with an open interest of 44,610 lots. On similar lines, the oil for February was trading higher by Rs 5.2, or 0.73 per cent, to Rs 718 per 10 kg in 16,550 lots. Analysts said expanding of positions by traders following strong demand at the spot market against restricted supplies from producing belts, kept refined soya oil prices higher in futures trade.
Seagate Launches New Data-readiness Index Revealing Impact Across Four Global Industries as 30 Percent of Data Forecasted to be Real-time by 2025
/ -- Leading Market Research Firm Concludes Enterprise to Become World's Data Steward, Healthcare Primed to Become the Fastest Growing Sector The global datasphere[1] could grow to 175 zettabytes by 2025, and industries such as Financial Services, Manufacturing, Healthcare, and Media and Entertainment are helping to define this new era of data growth. This is according to an IDC White Paper 'The Digitization of the World - From Edge to Core', sponsored by global data and storage leader Seagate Technology, which examines impending shifts to the global data model. While Healthcare currently has the smallest share of the global enterprise datasphere among key industries examined in the study, it is primed to grow the fastest, far surpassing the Media and Entertainment sector and matching the Financial Services sector by 2025. The growth reflects advancements in healthcare analytics and imaging technology, as well as the increasing amount of real-time data created in medical care. The ...
Qatar to withdraw from OPEC as of January 2019: minister
DOHA (Reuters) - Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country's energy minister said on Monday.
Sun Pharma tumbles after report of probe
(Reuters) - Shares of India's Sun Pharmaceutical Industries sank more than 10 percent on Monday after a report of a regulatory probe against the country's biggest drug manufacturer by market value.
Guar gum futures up on rising demand
Guar gum prices rose by Rs 125 to Rs 8,929 per quintal in futures trade Monday amid upbeat export demand in the physical markets. At the National Commodity and Derivatives Exchange, guar gum for delivery in January next year was trading lower by Rs 125 or 1.42 per cent to Rs 8,929 per quintal, showing an open interest of 29,005 lots. The delivery for the most-active February contracts, too, was up by Rs 120 or 1.34 per cent to Rs 9,069 per quintal, mirroring an open interest of 36,160 lots.
Larsen & Toubro wins orders worth Rs 1127 crore
Metallurgical and Material Handling Business - This business has secured orders worth Rs 755 crore. An order has been secured from Hindustan Zinc Ltd for the construction of an 1.5 MTPA Lead-Zinc Beneficiation Plant at R D Mines, Rajasthan, thereby continuing to build customer confidence and leadership position in this segment. The business has also secured various add-on jobs from existing customers in both domestic market and well as in the Middle-East region across various product segments.
Gokul Refoils and Solvent Ltd leads gainers in 'B' group
Gokul Agro Resources Ltd, Mahamaya Steel Industries Ltd, Bharat Road Network Ltd and Commercial Engineers & Body Builders Company Ltd are among the other gainers in the BSE's 'B' group today, 03 December 2018.
Jeera futures edge up as demand rises
Jeera prices went up by 0.7 per cent to Rs 18,770 per quintal in futures trade Monday as speculators expanded their holdings, driven by pick-up in demand from stockists and overseas enquiries. In futures trading at the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 130, or 0.7 per cent, to Rs 18,770 per quintal with an open interest of 567 lots. Likewise, the contract for delivery in January next year was up by Rs 140, or 0.74 per cent, to Rs 19,035 per quintal with an open interest of 4,911 lots. Traders said speculative positions built up by participants amid rising demand at the domestic spot markets mainly influenced jeera prices at futures trade here.
Cloud communication firm Knowlarity appoints Yatish Mehrotra as CEO
Cloud communications provider Knowlarity on Monday appointed veteran telecom professional and IIT-BHU alumnus Yatish Mehrotra as its CEO.
Oil prices jump 5 percent on U.S.-China trade war ceasefire; Qatar to leave OPEC
SINGAPORE (Reuters) - Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.
Moody's estimates India's real GDP to grow at 7.2% in FY 2018-19
Moody's Investors Service's annual Banking System Outlook on India estimated the country's real gross domestic product (GDP) for the current financial year and next fiscal to grow at 7.2 per cent and 7.4 per cent, respectively.In its banking system outlook published on Monday, the global rating agency stated that the growth will be driven by investment growth and strong consumption. It also stated that the operating environment will be stable, supported by robust economic growth.It, however, asserted that liquidity constraints at non-bank finance institutions (NBFIs), increasingly important providers of credit for the economy, will be a drag on growth. "Also, rising interest rates are a risk," the report read.Moody's added that asset quality will remain stable, but weak as cleanup of legacy problem loans nears completion and corporate health improves. "Banks have recognised the bulk of legacy problem loans and will start making recoveries from large resolved nonperforming loans ...
TVS Motor Company reports 27% growth in Nov sales
Total two-wheelers registered a growth of 26% with sales increasing from 243,323 units in November 2017 to 307,142 units in November 2018. Domestic two-wheeler sales registered a growth of 28% from 203,138 units in November 2017 to 260,253 units in November 2018.
Reliance Communications Ltd leads gainers in 'A' group
Power Finance Corporation Ltd, Suzlon Energy Ltd, Reliance Nippon Life Asset Management Ltd and Tata Power Company Ltd are among the other gainers in the BSE's 'A' group today, 03 December 2018.