Page 1717 - Business Finance
Wave of refinery shutdowns may push India into importing fuel next year
NEW DELHI/MUMBAI (Reuters) - A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.
Smartphones subscriptions in India to reach 1 bn by 2024: Ericsson
Smartphones subscriptions in India are expected to reach one billion by 2024 and the total mobile data traffic per month in the country would grow four times by that time, according to an Ericsson report on Tuesday.
VFS Global Wins Global Visa Contract for The Netherlands
/ -- Extending visa services for the Netherlands Operating eight out of nine regions The Ministry of Foreign Affairs of the Kingdom of the Netherlands has awarded VFS Global the global tender to provide visa services in eight out of nine regions worldwide. Under this new mandate, VFS Global will significantly extend its operations on behalf of the Kingdom of the Netherlands across the world. (Logo: http://mma.prnewswire.com/media/624234/VFS_Global_Logo.jpg ) VFS Global will operate for the Netherlands government in Africa, North America, Central and South America, Asia and Pacific, Eastern Europe, in the Middle East, in Western Europe; and in India. VFS Global has worked with the Ministry of Foreign Affairs of the Kingdom of the Netherlands since 2006 and under the new contract will provide Schengen visa services, Caribbean visa services, long stay national visas, Dutch Travel Documents and Civic Integration Exams. Chris Dix, Head of Business Development, VFS Global, said, "VFS ...
HR tech adoption results in time, cost, productivity gains for organisations: Report
The automation of routine processes and efficient data management through technology results in up to 65 per cent gains in time and cost for the HR administration function, a TeamLease report said Tuesday. According to the report, human resource (HR) technology adoption also results in better control and systematic record keeping with payroll and compliance tech yielding up to 80 per cent in cost savings. "Artificial intelligence and machine learning based tools have enabled faster hiring and improved talent retention to deliver up to 85 per cent time, cost and productivity gains for organisations," TeamLease services Co-founder and EVP Rituparna Chakraborty said. According to the report, tech adoption in core HR (administration, payroll and compliance and HR analytics) is over 75 per cent in 10 out of the 14 sectors surveyed, while, sub function HR Tech adoption is 75 per cent or more in banking, financial services and insurance (BFSI), business process outsourcing (BPO)/information .
Japan's Line teams up with Mizuho, Tencent; shares leap
TOKYO (Reuters) - Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group Inc and also partner China's Tencent Holdings Ltd to offer mobile payment services - plans which saw its stock rise 13 percent on Tuesday.
Thomas Cook shares plunge on profit cut, dividend suspended
LONDON (Reuters) - Thomas Cook lost a third of its value on Tuesday after the holiday operator cut its full-year profit forecast for the second time in two months and suspended its dividend following the hot British summer.
Aluminium futures slip 0.51% on muted demand
Aluminium prices softened by 0.51 per cent to Rs 136.65 per kg in futures trading Monday as speculators cut bets amid subdued demand at domestic spot market. At the Multi Commodity Exchange, aluminium for delivery in December eased by 0.70 paise, or 0.51 per cent, to Rs 136.65 per kg in a business turnover of 59 lots. Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.
Lead futures fall 1.17 per cent on muted demand
Lead prices eased by 1.17 per cent to Rs 135 per kg in futures trade on Monday after speculators trimmed their positions amid subdued demand in the domestic spot market. At the Multi Commodity Exchange, lead for delivery in December was trading lower by Rs 1.60, or 1.17 per cent at Rs 135 per kg in a business volume of 145 lots. Marketmen attributed fall in lead prices at futures trade to off-loading of positions by participants, tracking a weak trend in the spot markets due to low demand.
Piramal Enterprises Ltd down for fifth straight session
The stock is quoting at Rs 2111.45, down 3.09% on the day as on 13:19 IST on the NSE. Piramal Enterprises Ltd tumbled 23.03% in last one year as compared to a 2.83% rally in NIFTY and a 2.98% fall in the Nifty Pharma index.
JSW Steel Ltd drops for fifth straight session
The stock is quoting at Rs 307.85, down 3.07% on the day as on 13:19 IST on the NSE. JSW Steel Ltd jumped 20.42% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.
Jindal Steel & Power Ltd down for fifth straight session
The stock is quoting at Rs 156.05, down 2.5% on the day as on 13:19 IST on the NSE. Jindal Steel & Power Ltd tumbled 9.69% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.
Steel Authority of India Ltd slips for fifth straight session
The stock is quoting at Rs 56.85, down 2.07% on the day as on 13:19 IST on the NSE. Steel Authority of India Ltd tumbled 29.64% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.
Tata Steel Ltd eases for fifth straight session
The stock is quoting at Rs 524.75, down 1.12% on the day as on 13:19 IST on the NSE. Tata Steel Ltd tumbled 21.75% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.
Vedanta Ltd down for fifth straight session
The stock is quoting at Rs 195.4, down 0.2% on the day as on 13:19 IST on the NSE. Vedanta Ltd tumbled 35.47% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.
Eros International Media Ltd eases for fifth straight session
The stock is quoting at Rs 87.75, down 2.55% on the day as on 13:19 IST on the NSE. Eros International Media Ltd tumbled 35.6% in last one year as compared to a 2.83% rally in NIFTY and a 26.6% fall in the Nifty Media index.
TV18 Broadcast Ltd down for fifth straight session
The stock is quoting at Rs 35, down 0.14% on the day as on 13:19 IST on the NSE. TV18 Broadcast Ltd tumbled 35.6% in last one year as compared to a 2.83% rally in NIFTY and a 26.6% fall in the Nifty Media index.
Eicher Motors Ltd slips for fifth straight session
The stock is quoting at Rs 23796.35, down 0.22% on the day as on 13:19 IST on the NSE. Eicher Motors Ltd tumbled 22.07% in last one year as compared to a 2.83% rally in NIFTY and a 19.79% fall in the Nifty Auto index.
Spot demand lifts zinc futures by 2.06%
Zinc prices rose by 2.06 per cent to Rs 176.15 per kg in futures trade Monday, tracking a firm trend at the physical markets on the back of pick-up in demand. At the Multi Commodity Exchange, zinc for December was trading higher by 3.70 paise, or 2.06 per cent, to Rs 176.15 per kg with a business turnover of 306 lots. Market analysts said the rise in prices in futures trade was mostly supported by raising of bets by participants and a firm trend in global market.
Oil slips on record Saudi output; markets eye G20 and OPEC meetings
SINGAPORE (Reuters) - Oil prices slipped on Tuesday, weighed down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week.
Maruti Swift crosses 20 lakh sales milestone
Maruti Suzuki India (MSI) Tuesday said its premium hatchback Swift has crossed 20 lakh sales milestone since its launch the country in May 2005. The model raced past five lakh sales mark in September 2010, 10 lakh sales mark in September 2013, 15 lakh mark in March 2016 and 20 lakh milestone in November this year. "Swift achieving two million sales milestone is a proud moment for all of us at Maruti Suzuki India. Brand Swift has consistently featured among the top five best-selling cars in India for more than a decade," MSI Senior Executive Director (Marketing & Sales) R S Kalsi said in a statement. With increased output aimed at reducing the waiting period, the company would like to reinforce its commitment towards customers, he added. MSI has increased production of the model by 45 per cent to 1.39 lakh units during April-October period of current fiscal, as compared with same period of 2017-18, leading to reduction in waiting period. The model posted a sales growth of 36 per ...