Page 1707 - Business Finance
Bharat Financial Inclusion Ltd gains for third straight session
The stock is quoting at Rs 997.8, up 1.52% on the day as on 12:49 IST on the NSE. Bharat Financial Inclusion Ltd is up 0.22% in last one year as compared to a 3.78% jump in NIFTY and a 6.92% jump in the Nifty Financial Services index.
Reliance Industries Ltd spurts 1.18%, rises for third straight session
The stock is quoting at Rs 1141.5, up 1.18% on the day as on 12:49 IST on the NSE. Reliance Industries Ltd is up 20.67% in last one year as compared to a 3.78% gain in NIFTY and a 0.57% gain in the Nifty Energy index.
Power Grid Corporation of India Ltd gains for third straight session
The stock is quoting at Rs 184.85, up 1.26% on the day as on 12:49 IST on the NSE. Power Grid Corporation of India Ltd is down 11.45% in last one year as compared to a 3.78% jump in NIFTY and a 0.57% jump in the Nifty Energy index.
Apollo Tyres Ltd spurts 2.15%
The stock is quoting at Rs 235.05, up 2.15% on the day as on 12:49 IST on the NSE. Apollo Tyres Ltd is down 9.18% in last one year as compared to a 3.78% spurt in NIFTY and a 19.89% spurt in the Nifty Auto index.
IndusInd Bank Ltd spurts 1.6%
The stock is quoting at Rs 1613.95, up 1.6% on the day as on 12:49 IST on the NSE. IndusInd Bank Ltd is down 3.48% in last one year as compared to a 3.78% spurt in NIFTY and a 3.01% spurt in the Nifty Bank index.
HDFC Bank Ltd spurts 1.63%
The stock is quoting at Rs 2097.7, up 1.63% on the day as on 12:49 IST on the NSE. HDFC Bank Ltd is up 11.98% in last one year as compared to a 3.78% spurt in NIFTY and a 3.01% spurt in the Nifty Bank index.
IFC Investments Touch Record High of $2.6 Billion to Spur India's Development
/ -- IFC, a member of the World Bank Group, invested a record $2.6 billion in India in FY2018 - a rise of 136 percent over the figure two years ago - in the key priority areas of infrastructure, logistics, inclusion, and sustainability. These investments are all long-term, made over 40 engagements with partners ranging from new-age start-ups, such as Coverfox and Bizongo, to established names such as Mahindra & Mahindra and HDFC. This is an all-time high and addresses key development gaps through select and systemic interventions in affordable housing, small and medium enterprises, distressed assets, technology start-ups, logistics, agriculture, renewable energy, and sustainable mobility. These sectors will remain the cornerstones of IFC's investment and advisory activities in India in the years to come. Many milestones were crossed in the year: Investments in infrastructure crossed $1 billion for the first time, and climate-related investments, too, crossed $1 billion to touch a
Corrected: South Korea fines Goldman Sachs' unit $6.7 million for naked short selling
SEOUL (Reuters) - South Korea's financial regulator said on Wednesday it has imposed a 7.5 billion won ($6.66 million) fine on Goldman Sachs Group's subsidiary Goldman Sachs International for violating short-selling rules.
Global Markets: Asian shares gain on policy hopes before Trump-Xi meeting, Fed speech
SYDNEY/TOKYO (Reuters) - Asian shares posted modest gains on Wednesday on hopes Beijing will take steps to support the economy and as investors tried to decipher conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
Gold little changed as Fed official's remarks boost dollar
BENGALURU (Reuters) - Gold prices were tepid on Wednesday pressured by a robust dollar after a senior U.S. Federal Reserve official reaffirmed the need for a further increase in interest rates, making bullion more expensive for holders of other currencies.
South Korea fines Goldman Sachs' unit $6.7 million for naked short selling
SEOUL (Reuters) - South Korea's financial regulator said on Wednesday it has imposed a 7.5 billion won ($6.66 million) fine on Goldman Sachs Group's subsidiary Goldman Sachs International for violating short-selling rules.
Drivezy raises USD 20 mn funding, secures USD 100 mn in asset financing deal
Bengaluru-based vehicle sharing marketplace, Drivezy Wednesday said it has raised USD 20 million and has secured an additional USD 100 million in an asset financing deal. The USD 20 million funding round was led by existing investor, Das Capital. Other investors who participated in the series B round included Yamaha Motor Co Ltd, Axan Partners and IT-Farm. With this, Drivezy has accrued cumulative equity investments of USD 31 million. The funding will be used to expand its presence into new markets and integrate advanced services, Drivezy said in a statement. Detailing out the asset financing deal, the statement said, Drivezy plans to induct over 50,000 vehicles under the plan. The company said, Harbourfront Capital (a SPV), a subsidiary of Anypay Inc, will invest USD 100 million in purchasing cars, motorcycles and scooters over the next three years. Drivezy has a revenue-sharing deal with Harbourfront Capital under which these assets will be listed on Drivezy's platform. The sharing .
MRF Ltd spurts 0.47%, up for fifth straight session
The stock is quoting at Rs 68900, up 0.47% on the day as on 12:44 IST on the NSE. MRF Ltd is down 0.54% in last one year as compared to a 3.79% jump in NIFTY and a 19.84% jump in the Nifty Auto.
Inox Wind advances after signing agreement with AMSC
Inox Wind rose 3.37% to Rs 84.25 at 12:48 IST on BSE after the company signed agreement with AMSC for the launch of 3MW wind turbines in India.
Global investors, insurers urge G20 to end fossil fuel subsidies
Global investors and insurers with more than $742 billion in assets under management on Wednesday urged the G20 to end fossil fuel subsidies by 2020, warning about the severe risks this continued government support brings to the financial sector.
Reliance Capital vaults after turnaround Q2 outcome
Reliance Capital gained 3.34% to Rs 242.65 at 12:16 IST on BSE after the company reported net profit of Rs 197 crore in Q2 September 2018 as compared with net loss of Rs 417 crore in Q2 September 2017.
Nifty breaches 10,750 mark; breadth negative
The Sensex and the Nifty further extended gains and hit fresh intraday high in early afternoon trade. At 12:26 IST, the barometer index, the S&P BSE Sensex, was up 297.35 points or 0.84% at 35,810.49. The Nifty 50 index was up 65.55 points or 0.61% at 10,751.15. Positive cues from other Asian shares boosted investors sentiment. Most realty and metal shares witnessed selling pressure.
Patspin India Ltd leads gainers in 'B' group
Sintex Plastics Technology Ltd, Hotel Leela Venture Ltd, Vadilal Industries Ltd and Godawari Power & Ispat Ltd are among the other gainers in the BSE's 'B' group today, 28 November 2018.
Guar gum futures up on strong export demand
Guar gum prices rose by Rs 5 to Rs 8,720 per quintal in futures trade Wednesday amid strong export demand at the physical markets. At the National Commodity and Derivatives Exchange, guar gum for delivery in December was trading higher by Rs 5 or 0.06 per cent to Rs 8,720 per quintal, showing an open interest of 29,005 lots. Guar gum for delivery in January, too, was up by Rs 6 or 0.07 per cent to Rs 8,869 per quintal, mirroring an open interest of 36,160 lots.
Jet Airways shares jump on report founder to sell controlling stake
(Reuters) - Shares of India's Jet Airways Ltd rose sharply on Wednesday following a report that founder Naresh Goyal has agreed to sell his controlling stake and give up operational control of the struggling carrier.