Page 1709 - Business Finance
Yes Bank slumps after ratings downgrade
Yes Bank fell 4.64% to Rs 174.65 at 10:36 IST on BSE after a rating agency downgraded the bank's foreign currency issuer rating and changed outlook to negative.
In-principle approval of Cabinet for strategic divestment of 100% GoI stake in DCI
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RBI To Inject Durable Liquidity Through OMOs In December
The Reserve Bank of India (RBI) is set to pump in further liquidity in December by infusing Rs 40,000 crore into the system through open market operations (OMOs). Based on an assessment of the durable liquidity needs going forward, the RBI has decided to conduct purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of ₹40,000 in the month of December 2018, the central bank said in a latest release.
Sensex, Nifty hit fresh intraday high
Key equity indices extended early gains and hit fresh intraday high in morning trade, backed by firmness in IT and FMCG shares. At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 196.44 points or 0.55% at 35,709.58. The Nifty 50 index was up 41.60 points or 0.39% at 10,727.20. Positive cues from other Asian shares boosted investors sentiment. The Nifty held firm above the 10,700 mark.
Casio India Presents the World's First* GST Calculator - Customized and Loaded With Features Made Just for the Indian Market
/ -- Casio India has announced the launch of the world's first GST calculator. With the introduction of GST in 2017, Casio India adopted the mission to provide a single solution for all GST-based calculations. Surveying different Indian markets to understand the nuances of the invoicing process over the past year across the nation, Casio India is introducing two new innovations MJ-120 GST and MJ-12GST dedicated to the Indian market. This calculator is equipped to navigate the challenging environment and develop smooth functionality by easing the issues faced by Indian retailers post the introduction of GST. (Photo: https://mma.prnewswire.com/media/790700/Casio_1st_GST_Calculator.jpg ) Mr. Kulbhushan Seth, Vice-President, Casio India, said, "As market leaders in the calculators' category, Casio India is committed to making meaningful innovations that help its customers day in and day out. We are proud to announce the launch of the World's first GST calculator. Casio GST calculator's ..
Automobili Pininfarina to Invest Over 20m in 'PURA' Design Cooperation for Luxury and Performance Electric Vehicle Range
/ -- Automobili Pininfarina invests in excess of 20m in Pininfarina SpA design services to support plans for a range of beautiful and innovative luxury electric cars Automobili Pininfarina reveals PF0's 'PURA' design philosophy, which will inspire the styling of its future range of high-performance EVs Automobili Pininfarina's management team strengthened further with appointment of Jari Kohonen as Chief Sales Officer to lead worldwide business development PF0 client and retailer previews begin in Europe New PF0 images and film available here Automobili Pininfarina today reveals new images of the PF0 hypercar prototype as it confirms an investment of more than 20 million in a new cooperation with Pininfarina SpA. The investment will underpin the design, development and production of the PF0 luxury electric hypercar and the future range of Automobili Pininfarina cars. (Photo: https://mma.prnewswire.com/media/790292/PURA_Design_Philosophy.jpg ) (Photo: ...
Market jumps in early trade
Key benchmark indices were trading higher in early trade, tracking positive cues from other Asian shares. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 163.94 points or 0.46% at 35,677.08. The Nifty 50 index was up 37.25 points or 0.35% at 10,722.85. Nifty was trading above 10700 mark.
Huawei Launches Mate 20 Pro With Exciting Bundles Offers for Early Bird Customers
/ -- Sennheiser PXC 550 individually available for INR 29,990 will be available for INR 2,000 with Huawei Mate 20 Pro Huawei Consumer Business Group India today announced an exciting bundle offer along with Sennheiser. The Huawei Mate 20 Pro will be available as part of a bundle along with the Sennheiser PXC 550* for a special cost of INR 71,990 for early bird customers, which is only INR 2000 more than the actual price of the device. The device is available online exclusively on Amazon starting Midnight on December 3, 2018 for Prime Members and Midnight on December 4, 2018 at INR 69,990 for regular customers. "India plays a key role in shaping Huawei's global strategy and is a significant part of its innovation story. India R&D is the second largest R&D facility for Huawei. Several capabilities like Kirin 980 and EMUI 9.0 have been contributed by the Indian R&D engineers and a lot of features in our latest device Huawei Mate 20 Pro have been customised keeping the ...
Oil prices climb ahead of OPEC, G20 meetings, but cautious mood lingers
SINGAPORE (Reuters) - Oil prices rose 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.
Merck Specialties gets Govt. nod for acquisition of Merck's biopharmaceuticals business
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Sunteck Realty Ltd Falls 3.94%, S&P BSE Realty Index index Drops 1.02%
Sunteck Realty Ltd has added 5.39% over last one month compared to 5.58% gain in S&P BSE Realty Index index and 4.76% rise in the SENSEX
AXISCADES spurts after twin order wins
AXISCADES Engineering Technologies gained 7.46% to Rs 93.65 at 09:22 IST on BSE after the company's wholly owned subsidiary announced winning of two contracts.
Reliance invests Rs 1.03 crore in New Emerging World of Journalism
NEWJ is an early stage technology start up incorporated in India in January 2018. NEWJ's business focus areas are production and curation of content for the emerging social and digital media ecosystem. Further, NEWJ will also be developing data enabled technology products which allow for integrated models of reporting and distribution.
Rupee falls 10 paise to 70.89 against US dollar in early trade
The rupee depreciated by 10 paise to 70.89 against the US dollar in early trade Wednesday at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas. Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee but a higher opening of the domestic equity markets, capped the losses. The rupee opened lower at 70.88 per dollar against and dropped further to quote at 70.89, 10 paise down over its previous close. The rupee recovered by 8 paise to close at 70.79 against the US dollar Tuesday on increased selling of the greenback by exporters and softening crude oil prices. Meanwhile, on net basis, foreign funds bought shares worth Rs 811.52 crore, while DIIs purchased share to the tune of Rs 31.21 crore Tuesday, provisional data showed. The BSE benchmark Sensex opened on a positive note for the third successive session, rising nearly 200 points, on ...
Majesco USA acquires Exaxe Holdings, Ireland
In consideration for purchase of the Securities, Majesco, USA paid the sellers Euro 6.39 Million. In addition, Majesco, USA agreed to make an additional payment to the sellers of Euro 0.72 Million for the remainder of the Securities on 01 August 2019.
China Stocks extend gains
Investors are looking ahead to the Group of 20 summit beginning Friday when President Donald Trump and Chinese President Xi Jinping are expected to meet and discuss trade issues. The summit will be watched closely for how relations between both countries develop, in addition to further news surrounding Sino-US trade. China's main goal at the G20 meeting is to get the United States to refrain from raising the tariffs in January. Trump is open to a deal with China but is ready to impose more tariffs if the upcoming talks don't yield progress.
Japan Nikkei gains on firm offshore cues
Global developments continued to influence trading in local market today. Federal Reserve Vice Chairman Richard Clarida backed gradual rate hikes ahead of Jerome Powell's speech on Wednesday. Clarida said risks to the U.S. economy are "less skewed to the downside," while St. Louis Fed President James Bullard was more cautious, telling that officials must monitor possible cracks in the U.S. recovery and that growth is going to slow in 2019 and 2020. The debate on the pace of monetary policy tightening in the U.S. next year has intensified this week ahead of Powell's speech that will be parsed for any hints on prospects for a pause in rate increases next year.
Australia Stocks mixed ahead of G20 summit
Global developments influenced trading in local market today. Federal Reserve Vice Chairman Richard Clarida backed gradual rate hikes ahead of Jerome Powell's speech on Wednesday. Clarida said risks to the U.S. economy are "less skewed to the downside," while St. Louis Fed President James Bullard was more cautious, telling that officials must monitor possible cracks in the U.S. recovery and that growth is going to slow in 2019 and 2020. The debate on the pace of monetary policy tightening in the U.S. next year has intensified this week ahead of Powell's speech that will be parsed for any hints on prospects for a pause in rate increases next year.
Reliance Capital may be watched after turnaround Q2 result
Reliance Capital reported net profit of Rs 197 crore in Q2 September 2018 as compared with net loss of Rs 417 crore in Q2 September 2017. Total income rose 134.35% to Rs 1003 crore in Q2 September 2018 over Q2 September 2017. The announcement was made after market hours yesterday, 27 November 2018.
Shares may extend gains
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 30.50 points at the opening bell.