Page 1730 - Business Finance
Noble Group extends deadline for $3.5 billion restructuring amid regulatory probe
SINGAPORE (Reuters) - Noble Group Ltd is pushing back this month's deadline to complete its make-or-break $3.5 billion debt restructuring deal to Dec. 11, amid a probe by Singapore authorities into suspected false and misleading statements issued by the company.
Turmeric futures down 0.96% on ample stocks
Turmeric prices declined by 0.96 per cent to Rs 6,420 per quintal in futures trading Monday as participants trimmed their positions amid sufficient stocks at the spot market. At the National Commodity and Derivatives Exchange, turmeric for delivery in December declined by Rs 62, or 0.96 per cent, to Rs 6,420 per quintal with an open interest of 10,005 lots. Likewise, the spice for delivery in January was trading lower by Rs 70, or 1.07 per cent, to Rs 6,488 per quintal in 5,775 lots. Market analysts said cutting down of bets by traders, triggered by ample stocks position on increased arrivals from growing regions in the physical markets, mainly influenced turmeric prices at futures trade.
IT shares decline on firm rupee
Meanwhile, the S&P BSE Sensex was down 50.71 points, or 0.14% to 34,930.31. The S&P BSE IT index was down 116.04 points, or 0.86% to 13,327.50, underperforming the Sensex.
'National action plan on business, human rights beneficial to India'
A national action plan on business and human rights will be beneficial to India in the long term as it would complement the country's ambitious development agenda and also reduce business-related risks and rights violations, an international expert has said.
Mitsubishi Motors' board meets to remove Chairman Ghosn
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.
NASA InSight landing on Mars to be broadcast in the middle of Times Square
NASA's historic test flight to the Red Planet is scheduled for 3 PM ET on Monday (1The InSight mission landing will be shown on the seven-storey curved screen on the Nasdaq tower in Times Square, Cnet reported.The InSight launched on May 5 and after its successful landing, it will be NASA's first spacecraft to land on the Red Planet since Curiosity in 2012.
Logitech's biggest-ever Plantronics acquisition is not happening
Logitech is not buying Plantronics after all. The company has dismissed reports of purchasing the headset and Bluetooth earpiece maker.It was reported late last week that Logitech is mulling the purchase of Plantronics. However, the company has now explained that it had engaged in discussions for a potential transaction but it terminated the negotiations, The Verge reported.The potential deal which was projected at over USD 2.2 billion would have been Logitech's biggest acquisition by far.
Cox & Kings Ltd leads gainers in 'A' group
Kwality Ltd, Adani Power Ltd, Vakrangee Ltd and Kansai Nerolac Paints Ltd are among the other gainers in the BSE's 'A' group today, 26 November 2018.
Soybean futures ease by 0.32 pc
Soybean prices were down by 0.32 per cent to Rs 3,412 per quintal in futures trade Monday after traders liquidated bets amid a weak trend at the spot markets. Marketmen said off-loading of the positions by traders, tracking a weak trend at the physical markets on muted demand against adequate stocks mainly put pressure on soybean prices in futures trade here. At the National Commodity and Derivatives Exchange counter, soybean for delivery in December was trading lower by Rs 11, or 0.32 per cent, to Rs 3,412 per quintal in an open interest of 64,860 lots. Similarly, the delivery for January next year inched down by Rs 12, or 0.35 per cent, to Rs 3,456 per quintal, showing an open interest of 67,220 lots.
Graphic: Seeing the bigger picture: oil price slump is part of broader Asian pullback
SINGAPORE (Reuters) - The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks.
Nifty, Sensex flat ahead of key macro events
(Reuters) - Indian shares were little changed on Monday, with gains in financial stocks outweighed by the losses in IT, as investors stayed away from big bets amid caution ahead of key macro events later in the week.
Verloop raises $3 mn led by IDFC Parampara Fund
Verloop, which offers an artificial intelligence-powered engagement platform, Monday said it has raised USD 3 million funding, led by IDFC Parampara Fund. The series A investment round also saw participation from Infosys co-founder S Gopalakrishnan (also known as Kris) and Ranjan Pai, Chairman of the Manipal Education and Medical Group (MEMG). The funding will be utilised to enhance the Verloop customer engagement platform as the company expands its team and scales operations to address the global market for automated customer services and marketing, the company said in a statement. Citing a MetricNet report, the statement said the global opportunity in this space is valued at an estimated USD 19 billion annually. "Our conversational automation platform already works with more than 5,000 clients across eCommerce, Healthcare, Education, Entertainment & Lifestyle sectors across 37 countries," Gaurav Singh, founder and CEO of Verloop, said. He added that the company continues to hire
Refined soya oil futures slide 0.77 per cent on adequate stocks
Refined soya oil prices eased by 0.77 per cent to Rs 727.5 per 10 kg in futures trade Monday as speculators trimmed bets, triggered by adequate stocks at spot market. At the National Commodity and Derivatives Exchange, refined soya oil for December declined by Rs 5.65, or 0.77 per cent, to Rs 727.5 per 10 kg with an open interest of 53,950 lots. Likewise, the oil for January fell by Rs 4.05, or 0.55 per cent, to Rs 730.05 per 10 kg in 9,760 lots. Market analysts said, cutting down of positions by participants due to decline in demand against ample stocks mainly influenced the prices.
Board of Shree Surgovind Tradelink approves fund raising through QIP
At meeting held on 24 November 2018
Board of NCL Research and Financial Services approves change in directorate
At meeting held on 26 November 2018
Jeera futures dip Rs 40 on profit-booking
Jeera prices fell by Rs 40 to Rs 19,365 per quintal in futures trade Thursday after speculators booked profits at prevailing levels amid muted domestic and export demand. In futures trading at the National Commodity and Derivatives Exchange, jeera to be delivered December was trading lower by Rs 40, or 0.21 per cent, at Rs 19,365 per quintal with an open interest of 75 lots. Likewise, the spice for delivery in far-month March was lower by Rs 280, or 1.56 per cent, at Rs 17,7000 per quintal in 5,517 lots. Analysts said apart from profit-booking by speculators at current levels, fall in demand at the physical market against adequate stocks position, weighed on jeera prices at futures trade.
Market breadth turns negative
The market wiped off early gains and were trading almost flat in morning trade. At 10:20 IST, the barometer index, the S&P BSE Sensex, was up 24.77 points or 0.07% at 35,005.79. The Nifty 50 index was almost flat at 10,526.90. Sharp decline in crude oil prices supported bourses. However, weakness in IT shares put pressure on bourses.
Oil claws back some losses after 'Black Friday' plunge
SINGAPORE (Reuters) - Oil prices clawed back some losses after a nearly 8 percent plunge in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets.
Ghosn faces Mitsubishi sack as more allegations surface
Top executives from Mitsubishi Motors gather on Monday to sack Carlos Ghosn as chairman over alleged financial misconduct that the once-revered tycoon denies, as further allegations leaked out against him. At an emergency meeting in Tokyo, "it is to be proposed to the Board of Directors to promptly remove Ghosn from his position as... chairman," said the Japanese firm, the third company in the powerful alliance also involving Nissan and Renault. Following his stunning arrest last Monday, the 64-year-old Brazil-born Frenchman began his second week in a Japanese detention centre facing allegations he under-reported his salary to the tune of USD 44 million over several years. He has not been formally charged and denies the allegations, telling prosecutors he had no intention of under-declaring his compensation. Fellow executive Greg Kelly, described as the mastermind behind the alleged misconduct, has also reportedly denied the allegations, stressing that his boss's compensation was paid
Indian Social Entrepreneur Wins the First UN Geospatial Ambassador Award
/ -- Sanjay Kumar, Founder and CEO of Geospatial Media & Communications, was conferred the 'Global Geospatial Industry Ambassador' Award by the UN-GGIM (United Nations Global Geospatial Information Management) on November 19 at the United Nations World Geospatial Information Congress held at Deqing city in China. (Photo: https://mma.prnewswire.com/media/788875/Sanjay_Kumar_UN_Award.jpg ) Geospatial Media is an India-headquartered global geospatial industry think tank which provides information and ideas on use of spatial technologies in governance, businesses and daily lives, and advocates on policy issues. It facilitates collaborations among political, business and other stakeholders to demonstrate the value and benefits of geospatial technologies for governance, businesses and people via conferences, research and consulting services, and runs the popular media platform under the brand Geospatial World. Kumar has been a geospatial evangelist for over 20 years now, and in 2018 he