Page 1720 - Business Finance

Volumes soar at Redington India Ltd counter

Redington India Ltd recorded volume of 3.3 lakh shares by 10:48 IST on BSE, a 33.15 times surge over two-week average daily volume of 9949 shares

Nava Bharat Ventures gains after signing power supply contracts

Nava Bharat Ventures rose 2.37% to Rs 123.10 at 10:46 IST on BSE after the company and its subsidiary signed contracts for power supply to Telangana State Grid.

Crude oil dips 0.68% on ample Saudi output; all eye on G20, Opec meetings

Crude oil prices Tuesday fell by another 0.68 per cent to Rs 3,653 per barrel as speculators indulged in reducing holdings amid a weakening trend overseas. In futures trading at the Multi Commodity Exchange, crude for delivery in December fell further by Rs 25, or 0.68 per cent, to Rs 3,653 per barrel in a business volume of 418 lots. Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week's Opec meeting in Austria. Analysts said continuous off-loading of holdings by participants in line with a weakening trend in global crude mainly weighed on crude prices at futures trade here. Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, pumping 11.1 million to 11.3 million barrels per day (bpd) during the month. The West Texas Intermediate (WTI) crude futures were at $51.21 per barrel, down 42 cents, or 0.8 percent., while Brent crude, ..

1st blockchain-powered P2P talent acquisition platform starts pilot run

solversINC, a human resources (HR) tech startup, has announced that it is piloting the first blockchain- powered Peer-2-Peer (P2P) talent and opportunity acquisition platform.The platform will help businesses, especially SMEs, connect and transact with their talent ecosystem comprising job seekers, freelancers, gig workers and business-to-business (B2B) service providers while professionals can acquire jobs and projects. The traditional CV is being replaced with a professional record on blockchain.solversINC is also automating repetitive tasks like creating job descriptions, sharing or publishing jobs to target audience and intermediaries as well as receiving applications."Over the next two years we expect members using solversINC to bring down their cost of talent acquisition and onboarding by at least 50 per cent if not more, while reducing the turnaround time to a fraction of what is used now," said Ravin Kaushal, Co-founder of solversINC.The company had received an undisclosed ...

Japan's Line Corp to establish bank in tie-up with Mizuho - source

TOKYO (Reuters) - Japanese mobile chat app operator Line Corp will tie up with Mizuho Financial Group Inc to establish a bank, a source with direct knowledge told Reuters on Tuesday, declining to be identified because the plan is not yet public.

Global Markets: Asia puts brave face on Trump threat, oil subdued

SYDNEY (Reuters) - Asian share markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.

Choice International to sell 19.51% stake in Aqua Pumps Infra Venture

For consideration of Rs 7.38 crore

IIFL Securities to acquire 15% stake in Trendlyne

Financial services firm IIFL Holdings Tuesday said its subsidiary IIFL Securities was in the process of acquiring 15 per cent strategic stake in Bangalore-based stock market analytics platform Trendlyne for an undisclosed sum. "The investment will allow IIFL and Trendlyne to mutually partner and integrate user features like superstar portfolios and stock screeners. IIFL's investment in Trendlyne is a natural extension of its focus towards providing superior investment solutions," IIFL Holdings said in a regulatory filing. Founded by Amber Pabreja and Devi Yesodharan, Trendlyne.com aims to simplify investing via its cloud-based, proprietary always-on data-engine strategies that processes hundreds of millions of rows of data to give powerful insights in real-time. Shares of IIFL Holdings were trading 0.75 per cent higher at Rs 450.55 apiece on BSE.

The 3rd Edition of the India Pharma Week Gears up for a Grand Debut in Delhi-NCR

/ -- A week full of avant-garde events alongside the 12th edition of CPhI & P-MEC India to take place at the India Expo Mart, Greater Noida South Asia's largest Pharma event CPhI and P-MEC India to be held for the first time at the India Expo Mart - Greater Noida, with all its attendant facilities from 12-14 December Over 1600 exhibitors from above 42 countries More than 7 eclectic engagements will form a part of the IPW UBM India, India's leading B2B exhibition organizer, is all set to bring in the third edition of the widely appreciated India Pharma Week, a week-long celebration packed with avant-garde events from 9th - 14th December, alongside the 12th edition of its flagship expo CPhI and P-MEC India. South Asia's largest Pharma event will be held for the first time at the world class venue of the India Expo Centre, Greater Noida, with all its attendant facilities, moving away from the commercial capital of Mumbai. This will enable all the key stakeholders and ...

Gulf Capital and AfricInvest Invest US$ 51 Million Into iSON Xperiences, the Largest Customer Service and Outsourcing Provider in Sub-Saharan Africa

/ -- Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, and AfricInvest, a leading pan-African mid-cap-focused private equity firm, have partnered for the first time to provide a US$ 51 million structured loan and equity investment to iSON Xperiences (formerly iSON BPO Limited), one of the largest outsourcing and customer experience partner/delivery partner operating in 14 countries in Africa and in India. (Logo: https://mma.prnewswire.com/media/789347/iSON_Logo.jpg ) Gulf Credit Opportunities Fund II, Gulf Capitals' second private debt fund and AfricInvest Fund III, the firm's third-generation pan-African fund, provided a total debt and equity commitment of US$ 25.5 million each. Proceeds from the co-investment will be used for growth and working capital, as well as for acquiring shares from a minority investor. iSON Xperiences is the largest customer experience partner/delivery partner in Sub-Saharan Africa, accounting for an ...

Benchmarks bounce back amid volatility

Key benchmark indices bounced back after hitting fresh intraday low amid high volatility in morning trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was up 32.73 points or 0.09% at 35,386.81. The Nifty 50 index was up 1.05 points or 0.01% at 10,629.65. Mixed cues from other Asian shares triggered profit selling after Monday's strong rally.

China's industrial profit growth cools again in October

BEIJING (Reuters) - Profit growth at China's industrial firms slumped for a sixth straight month in October as demand cooled further amid mounting uncertainties stemming from the U.S.-China trade war.

Oil traders cautious on mixed signals from Saudis ahead of G20, OPEC meetings

SINGAPORE (Reuters) - Oil markets were trading cautiously on Tuesday, with mixed signals coming from top exporter Saudi Arabia ahead of an OPEC meeting in Austria next week.

Profit booking subdues indices, banking stocks down

Profit booking during the morning trade session subdued both key indices -- Sensex and Nifty -- on Tuesday.

Hong Kong Stocks trade mixed

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.

China Stocks gains on buybacks

The Shanghai and Shenzhen stock exchanges had published draft rules late on Friday that would allow companies to use various channels, including borrowing and preferred share issuance, to fund share buybacks. Listed companies will also be allowed to sell stakes six months after share buybacks. The measures will likely incentivise more companies to buy back their shares in a boost to stock prices.

Australia Market surges 0.9%

Global developments influenced trading in local market today. Signs that Italy's coalition government was prepared to cut its budget deficit target a move that could defuse tensions between Rome and the European Union helped too soothe jitters. U.K. Prime Minister Theresa May also walked away from an EU meeting with approval for her Brexit deal and now seeks the approval of her own parliament.

Japan Nikkei gains as sentiment improves

Global developments influenced trading in local market today. Signs that Italy's coalition government was prepared to cut its budget deficit target a move that could defuse tensions between Rome and the European Union helped too soothe jitters. U.K. Prime Minister Theresa May also walked away from an EU meeting with approval for her Brexit deal and now seeks the approval of her own parliament.

IIFL Securities to acquire 15% stake in Bangalore based Trendlyne

The investment will allow IIFL and Trendlyne to mutually partner and integrate superior user features like Superstar Portfolios and Stock Screeners. IIFL's investment in Trendlyne is a natural extension of its focus towards providing superior investment solutions.

Rupee sheds 15 paise against US dollar in early trade

The rupee depreciated by 15 paise to 71.02 against the US dollar in early trade Tuesday at the interbank foreign exchange, after US President Donald Trump suggested a tariff hike on Chinese goods. The domestic unit opened weak in line with other Asian currencies after Trump Monday said that for any trade deal China has to treat his country "fairly". "Here's what the bottom line is: China has to treat us fairly. They haven't been. They have to treat us fairly," Trump told reporters at the White House. At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close. The rupee Monday fell by 18 paise to close at 70.87 against the US dollar. Forex dealers said fresh demand for the American currency from importers amid marginal rise in crude prices weighed on the domestic unit. The international benchmark, Brent crude was trading higher by 0.28 per cent to USD 60.65 per barrel. Traders said, fresh ..