Page 1708 - Business Finance
Cottonseed oil cake futures rise on upbeat demand
Cottonseed oil cake prices rose by Rs 5 to Rs 1,946 per quintal in futures trade Wednesday after tracking an upbeat trend at the physical markets due to good demand. At the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in December surged by Rs 5 or 0.26 per cent to Rs 1,946 per quintal, with an open interest of 3,760 lots. The rate for the most-traded January was up by Rs 5 or 0.28 per cent to Rs 1,951 per quintal.
Oil prices rise 2.01 pc on cautious global cues
Crude oil prices rose 2.01 per cent to Rs 3,704 per barrel Wednesday as speculators created fresh positions amid positive cues. Oil prices rose on ahead of OPEC meet next week at which some form of supply cut is expected to counter an emerging glut. At the Multi Commodity Exchange, crude for delivery in December was trading higher by 2.01 per cent, to Rs 3,704 per barrel in a business turnover of 3,694 lots. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures were at USD 51.88 per barrel up 0.6 per cent from their last settlement. International Brent crude oil futures were up 44 cents, or 0.7 per cent, at USD 60.65 per barrel. The Organization of the Petroleum Exporting Countries (OPEC) will meet at its headquarters in Vienna, Austria, on December 6 to discuss output policy. The OPEC-meeting will follow a gathering by the G20 nations in Argentina this weekend, at which the US-China trade dispute as well as oil policy are expected to be discussed.
Much ado about prices and price-setting (Column: Behind Infra Lines)
The debate around "pricing" of services and goods is of interest to the government, the private sector and consumers. When the "service" in question relates to essential ones such as transportation, electricity and water, the debate is both necessary and delicate.
Jeera futures up 0.59 pc on rise in demand
Jeera prices rose by 0.59 per cent to Rs 19,490 per quintal in futures trade Wednesday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries. Tight stocks position, following restricted arrivals from the growing regions also fuelled the uptrend. At the National Commodity and Derivatives Exchange, jeera for delivery in December rose by Rs 115, or 0.59 per cent higher, to Rs 19,490 per quintal, with an open interest of 570 lots. Likewise, the contract for January was trading higher by Rs 165, or 0.84 per cent up, at Rs 19,710 per quintal, the open interest of contract stood at 6,330 lots. Traders said speculative positions built up by participants amid rising domestic as well as export demand, mainly led to the rise in jeera prices at futures trade.
Castor seed prices up by Rs 2 on upbeat demand
Castor seed prices was up by Rs 2 to Rs 5,568 per quintal in futures trade Wednesday after investors widened their bets amid firm trends. At the National Commodity and Derivatives Exchange, castor seed for December was trading higher by Rs 2, or 0.04 per cent, to Rs 5,568 per quintal. Castor seed for January next year, too, was up by Rs 18, or 0.32 per cent, to Rs 5,720 per quintal, having an open interest of 3,200 lots.
Coriander futures rise 0.83 pc on spot demand
Coriander prices rose by 0.83 per cent to Rs 6,199 per quintal in futures market as participants built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions weighed on coriander futures. At the National Commodity and Derivatives Exchange, coriander for December edged higher by Rs 51, or 0.83 per cent, to Rs 5,871 per quintal. Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position. The delivery for January, too, was trading higher by Rs 35, or 0.57 per cent, to Rs 6,225 per quintal with an open interest of 9,290 lots.
Chana futures fall 0.55 per cent on muted demand
Chana prices declined by 0.55 per cent to Rs 4,670 per quintal in futures trade Wednesday after participants reduced their exposure amid subdued demand at spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, chana for delivery in December was trading lower by Rs 27, or 0.55 per cent, at Rs 4,670 per quintal, with an open interest of 30,470 lots. The January rates also fell by Rs 14, or 0.3 per cent, to Rs 4,680 per quintal with an open interest of 14,010 lots. Marketmen said trimming of bets by traders due to easing demand in physical market against adequate stocks, mainly led to the fall in chana prices at futures trade here.
Firstsource Solutions Ltd leads gainers in 'A' group
Reliance Nippon Life Asset Management Ltd, Jet Airways (India) Ltd, Persistent Systems Ltd and Indo Count Industries Ltd are among the other gainers in the BSE's 'A' group today, 28 November 2018.
Atul Auto plans JV with JBM Industries for three wheeler electric autos
The existing Wholly Owned Subsidiary of the Company namely, Atul Green Automotive will be utilised for this purpose.
Bharti Airtel International (Netherlands) B.V. update on Cash Tender Offer for Senior Notes
The Company hereby announces that payment of the Consideration plus Accrued Interest for all Notes validly tendered (and not validly withdrawn) and accepted for purchase by the Company has been made on 27 November 2018, New York time.
Oil prices climb more than 1 percent on North Sea outage, expected OPEC cuts
SINGAPORE (Reuters) - Oil prices rose by more than 1 percent on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut.
Factbox: Four ways China is a major economic driver in Argentina
BUENOS AIRES (Reuters) - China is forging closer economic ties with Argentina, posing a challenge to President Donald Trump, who views Argentine President Mauricio Macri as a key regional ally.
Forrester to acquire SiriusDecisions for $245 mn
US-based Forrester Research has struck a deal to buy SiriusDecisions, a leading business-to-business research and advisory firm, for $245 million in cash.
Are you a homepreneur? Impress your first investor with these tips (Business Notes)
Meeting your very first investor can be nerve-wrecking for a homepreneur or someone who is trying to start her business for the first time. With so much on the line, it's important to come to the meeting prepared not only to show them your pitch deck, but to start to build a relationship with them, and give them confidence in how you will solve problems that arise in the future.
Piramal Enterprises to raise up to Rs 500 crore
Through private placement of NCDs
Satin Creditcare Network launches mobile app - Loan Dost
Powered by Capital Market - Live News
AXISCADES wins two key contracts worth USD 20 mn
The above contracts have been won against stiff global competition, reinforcing strong technical capabilities, core domain knowledge in designing and developing complex technology products and solutions. Both these contracts have initial value of USD 20Million with potential to multiply.
Nestle, Unilever in pole position for GSK's Horlicks business: reports
BENGALURU (Reuters) - The race for GlaxoSmithKline Plc's Indian Horlicks nutrition business is nearly over and one of two European consumer giants, Unilever Plc and Nestle SA, is likely to be the winner, media reports indicated.
Majesco's subsidiary to fully acquire Ireland's Exaxe Holdings
IT solutions firm Majesco Wednesday said its US subsidiary has entered into a share purchase agreement to fully acquire Ireland's Exaxe Holdings for up to EUR 11.61 million (approx Rs 92.90 crore). Majesco USA said it has consummated the purchase of 90 per cent of the securities. "Majesco USA has agreed to purchase, and the sellers have agreed to sell to Majesco USA, the remaining 10 per cent of the securities on August 1, 2019," the company said in a regulatory filing. In consideration for purchase of the securities, Majesco USA paid the sellers EUR 6.39 million. In addition, Majesco USA agreed to make an additional payment to the sellers of EUR 0.72 million for the remainder of the securities on August 1, 2019. Majesco said a deferred consideration payment of up to EUR 4.50 million, based on achievement of adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be made for calendar years 2019, 2020 and 2021. "Accordingly, Exaxe has become a direct ...
Volumes jump at Navin Fluorine International Limited counter
Navin Fluorine International Limited saw volume of 11853 shares by 10:47 IST on BSE, a 3.15 fold spurt over two-week average daily volume of 3765 shares