Page 1729 - Business Finance
Oil prices claw back some losses after 'Black Friday' plunge
SINGAPORE (Reuters) - Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.
BOJ can shrink balance sheet at appropriate pace: Kuroda
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday he was confident the central bank can shrink its balance sheet at an appropriate pace when it exits ultra-loose monetary policy.
Godrej Consumer Products Ltd gains for third consecutive session
The stock is quoting at Rs 729.35, up 1.68% on the day as on 12:49 IST on the NSE. Godrej Consumer Products Ltd is up 15.15% in last one year as compared to a 1.43% spurt in NIFTY and a 14.32% spurt in the Nifty FMCG index.
Dabur India Ltd gains for third straight session
The stock is quoting at Rs 413.25, up 3.11% on the day as on 12:49 IST on the NSE. Dabur India Ltd is up 20.69% in last one year as compared to a 1.43% jump in NIFTY and a 14.32% jump in the Nifty FMCG index.
MRF Ltd spurts 1.12%
The stock is quoting at Rs 68364.65, up 1.12% on the day as on 12:49 IST on the NSE. MRF Ltd is down 2.64% in last one year as compared to a 1.43% spurt in NIFTY and a 20.53% spurt in the Nifty Auto index.
Exide Industries Ltd soars 1.42%, rises for third straight session
The stock is quoting at Rs 254.3, up 1.42% on the day as on 12:49 IST on the NSE. Exide Industries Ltd is up 23.24% in last one year as compared to a 1.43% gain in NIFTY and a 20.53% gain in the Nifty Auto index.
IDFC Bank Ltd spurts 2.31%, up for third straight session
The stock is quoting at Rs 39.9, up 2.31% on the day as on 12:49 IST on the NSE. IDFC Bank Ltd is down 27.59% in last one year as compared to a 1.43% gain in NIFTY and a 1.07% gain in the Nifty Bank index.
Japan's Daikin to buy Austria's AHT Cooling for $1 billion
TOKYO (Reuters) - Japan's Daikin Industries Ltd said on Monday it would buy Austria-based AHT Cooling Systems for 881 million euros ($1 billion) as it seeks global growth outside the maturing air-conditioning business in the developed world.
Ghosn in firing line again as Mitsubishi Motors board meets
TOKYO (Reuters) - Mitsubishi Motors Corp's board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
Luxury goods group Kering steps up digital strategy with new Apple deals
PARIS (Reuters) - French luxury goods group Kering announced new measures to step up its digital and e-commerce presence, which is among its fastest growing areas, including new partnerships with Apple Inc.
With eye on local debt, China vows to bolster watch over 'specialty towns'
BEIJING (Reuters) - Top Chinese ministries have been told to improve the quality of the hundreds of so-called "specialty towns" that have sprung up in the past two years while guarding against reckless investments that burden local governments with more debt.
India produced 8.77 MT crude steel in October
India registered a marginal growth in its crude steel output at 8.77 million tonne (MT) during October 2018, according to World Steel Association (worldsteel). The country had produced 8.73 MT crude steel during the same month a year ago, the global industry body said in its latest report. "Crude steel production for the 64 countries reporting to the association was 156.6 MT in October 2018, a 5.8 per cent increase compared to October 2017," it added. China's crude steel production for October stood at 82.55 MT, an increase of 9.1 per cent compared to 75.67 MT in the same month of 2017. Japan's output fell 4.5 per cent to 8.56 MT in the reported month. The US produced 7.57 MT crude steel in October 2018, an increase of 10.5 per cent compared to 6.85 MT in October 2017. In the European Union, France produced 1.3 MT crude steel in October 2018, Italy 2.3 MT and Spain produced 1.3 MT, it said. While Turkey's crude steel production for October 2018 was at 3.2 MT, Ukraine produced 1.8 ...
PropEquity partners Wharton School for research on Indian real estate
Real estate data and analytics firm PropEquity Monday said it has entered a knowledge partnership with Wharton School, University of Pennsylvania, USA, to focus on research on the Indian realty sector. Through the collaboration, the team at Wharton and PropEquity aim to work on data, research and market intelligence for Indian real estate sector, the company said in a statement. The goal will be to use the intelligence to study a variety of topics such as price movements of residential projects along with their construction journey, impact of delays on demand and supply in micro markets, and the impact of recent reforms such as goods and services tax (GST) and Real Estate Regulation and Development Act (RERA) on supply, absorption and pricing. PropEquity would be our partner in understanding the evolution of the Indian residential real estate market, said Santosh Anagol, Associate Professor of Business and Public Policy at Wharton. "This brings us one step closer to our initial public
Crude oil futures bounce 0.08% on firm global cues
Crude oil futures recovered by 0.08 per cent to Rs 3,626 per barrel Monday after participants widened their bets, tracking a firm trend in Asia. At the Multi Commodity Exchange, crude oil for delivery in December was trading higher by Rs 3, or 0.08 per cent, to Rs 3,626 per barrel with a business turnover of 1,968 lots. Marketmen attributed rise in crude oil futures to raising of bets by traders in line with a firming trend overseas. Meanwhile, West Texas Intermediate crude prices rose by 1.35 per cent, to USD 51.07 a barrel while Brent crude, the international benchmark, was up 1.16 per cent at USD 59.96 per barrel on the New York Mercentile Exchange.
Global Markets: Shares tick up on U.S. holiday sales hopes, but oil rout checks enthusiasm
TOKYO (Reuters) - Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though risk appetite was tempered as plunging oil prices fanned worries about the global economic outlook.
Brent crude oil jumps back over $60 after 'Black Friday' plunge
SINGAPORE (Reuters) - Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks.
Hotel Leela Venture Ltd leads gainers in 'B' group
Tarmat Ltd, Paramount Communications Ltd, Agri-Tech (India) Ltd and Kohinoor Foods Ltd are among the other gainers in the BSE's 'B' group today, 26 November 2018.
Benchmarks trade almost flat
Key benchmarks were hovering near flat line in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was down 4.64 points or 0.01% at 34,976.38. The Nifty 50 index was down 9.35 points or 0.09% at 10,517.40. Sharp decline in crude oil prices supported bourses at lower levels. The Sensex was trading a tad below the 35,000 mark.
Genetec appoints Anand Thirunagari as India head
Genetec Inc, a leading technology provider of unified security, public safety, operations, and business intelligence solutions on Monday announced the appointment of Anand Thirunagari as its India head.
Indian Oil Corp seeks two LNG cargoes for January delivery: sources
SINGAPORE (Reuters) - Indian Oil Corp is seeking two liquefied natural gas (LNG) cargoes for delivery in January, two industry sources said on Monday.