Page 1731 - Business Finance

Coriander dips 0.98% on subdued demand

Coriander prices fell 0.87 per cent to Rs 6,185 a quintal in futures market Monday as participants cut down positions amid muted domestic as well as export demand against ample stocks position. Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment. At the National Commodity and Derivatives Exchange, coriander prices for delivery in December declined by Rs 54, or 0.87 per cent, to Rs 6,185 per quintal with an open interest of 9,460 lots. On similar lines, rates for January was trading at Rs 6,267, down by 1.77 per cent or Rs 113. The open interest of the contract stood at 22,240 lots. Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

Volumes jump at FDC Ltd counter

FDC Ltd saw volume of 8.71 lakh shares by 10:48 IST on BSE, a 196.15 fold spurt over two-week average daily volume of 4440 shares

NBFCs need more liquidity support, says government official: Economic Times

MUMBAI (Reuters) - India's central bank should provide more liquidity to non-banking finance companies (NBFCs) in a bid to boost lending, Economic Affairs Secretary Subhash Chandra Garg said in an interview https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfcs-need-enough-liquidity-support-for-even-normal-growth-subhash-chandra-garg-economic-affairs-secretary/articleshow/66802406.cms to the Economic Times newspaper.

Chana futures rise 2.9% as demand picks up

Amid uptick in demand at domestic spot market against restricted supplies from producing belts, chana prices traded higher by 2.9 per cent to Rs 4,753 per quintal in futures trade today as participants created fresh positions. At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 134, or 2.9 per cent, to Rs 4,753 per quintal with an open interest of 25,450 lots. Similarly, the commodity for delivery in January contracts was trading higher by Rs 129, or 2.8 per cent, to Rs 4,730 per quintal in 64,860 lots. Analysts attributed the rise in chana prices futures to pick up in demand in the spot markets against restricted supplies from the producing regions.

Bharti Airtel advances as unit appoints global banks for IPO

Bharti Airtel gained 2.67% to Rs 336.70 at 10:15 IST on BSE after the company's subsidiary Airtel Africa appointed global banks for an intended IPO on an international stock exchange.

Firm dollar caps gold rise, investors eye G20 summit

BENGALURU (Reuters) - Gold prices were steady on Monday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict.

Timeline: The turbulent journey of India's Jet Airways

(Reuters) - Jet Airways Ltd, the biggest full-service carrier in India, has been under dark clouds for the past few months.

Airtel Africa appoints eight global Banks to work on IPO

Bharti Airtel's Africa business arm Monday announced the appointment of eight global banks including J P Morgan, Citigroup and Goldman Sachs to work on its initial public offer plan. "Airtel Africa Limited Monday announced the appointment of global banks for an intended IPO on an international stock exchange. The banks appointed are JP Morgan, Citigroup, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group," Bharti Airtel said in a statement. Airtel Africa operates in 14 countries across Africa where it offers 2G, 3G and 4G mobile services and mobile commerce through 'Airtel Money'. The development comes after the recent subscription of shares in Airtel Africa by six leading global investors comprising of Warburg Pincus, Temasek, Singtel, SoftBank Group International and others for an aggregate consideration of USD 1.25 billion. The company plans to utilise this fund to lower debt of its Africa unit which stands at

Hong Kong Hang Seng rises 1.7%

OFFSHORE MARKET NEWS: Wall Street stocks resumed their downward slide in a holiday-shortened session on Friday (Nov 23) as a sharp drop in oil prices sparked global growth worries. The Dow Jones Industrial Average finished down 0.7% at 24,285.95. The broad-based S&P 500 also shed 0.7% to 2,632.56, while the tech-rich Nasdaq Composite Index slid 0.5% to 6,938.98.

China Stocks gain on bargain hunting

Crude oil prices traded near their lowest levels since October last year, having dived 8% on Friday for the biggest weekly losses in nearly three years, with rising US production intensifying fears of a supply glut. The rout in crude oil intensified concerns about surging supplies and weak demand growth drove prices sharply lower. In Monday trade, US crude futures fetched $US50.53 per barrel, slightly higher though not far from Friday's low of $50.15. Brent crude futures last stood at $58.99 per barrel, near Friday's low of $58.41. On last Friday, West Texas Intermediate (WTI) futures for January settlement plunged $4.24, or 7.8%, to $50.39 a barrel on the New York Mercantile Exchange, while Brent, the global crude benchmark, fell $3.80, or 6.1%, at $58.80 a barrel in London. So far this month, WTI and Brent futures were down more than 21%, on track for their biggest fall since October 2008.

Australia Market dives on soft offshore lead, weaker commodity prices

Crude oil prices traded near their lowest levels since October last year, having dived 8% on Friday for the biggest weekly losses in nearly three years, with rising US production intensifying fears of a supply glut. The rout in crude oil intensified concerns about surging supplies and weak demand growth drove prices sharply lower. In Monday trade, US crude futures fetched $US50.53 per barrel, slightly higher though not far from Friday's low of $50.15. Brent crude futures last stood at $58.99 per barrel, near Friday's low of $58.41. On last Friday, West Texas Intermediate (WTI) futures for January settlement plunged $4.24, or 7.8%, to $50.39 a barrel on the New York Mercantile Exchange, while Brent, the global crude benchmark, fell $3.80, or 6.1%, at $58.80 a barrel in London. So far this month, WTI and Brent futures were down more than 21%, on track for their biggest fall since October 2008.

Japan Nikkei gains 0.7%

Crude oil prices traded near their lowest levels since October last year, having dived 8% on Friday for the biggest weekly losses in nearly three years, with rising US production intensifying fears of a supply glut. The rout in crude oil intensified concerns about surging supplies and weak demand growth drove prices sharply lower. In Monday trade, US crude futures fetched $US50.53 per barrel, slightly higher though not far from Friday's low of $50.15. Brent crude futures last stood at $58.99 per barrel, near Friday's low of $58.41. On last Friday, West Texas Intermediate (WTI) futures for January settlement plunged $4.24, or 7.8%, to $50.39 a barrel on the New York Mercantile Exchange, while Brent, the global crude benchmark, fell $3.80, or 6.1%, at $58.80 a barrel in London. So far this month, WTI and Brent futures were down more than 21%, on track for their biggest fall since October 2008.

GPT Infraprojects announces cessation of CFO

With effect from 30 November 2018

Mahindra & Mahindra launches high-end SUV - Alturas G4

The Alturas G4 would be exclusively available through separate high-end showrooms within the existing Mahindra 'World of SUVs' dealerships. These outlets will be equipped with ultra-modern digital technology to provide an enhanced and immersive high-end experience for customers. All Alturas G4 customers will have access to exclusive Relationship Managers to cater to their requirements, which is another segment first.

Airtel Africa appoints global banks for IPO

(Reuters) - Airtel Africa, a unit of Indian telecom operator Bharti Airtel Ltd, said https://www.bseindia.com/xml-data/corpfiling/AttachLive/d674b31a-81eb-46d8-b24a-b1e4e12f04cc.pdf on Monday it had appointed eight banks for an intended initial public offering (IPO) on an international stock exchange.

Rupee rises 39 paise to 70.30 against US dollar in early trade

Rising for the eighth straight day, the rupee climbed 39 paise to 70.30 against the US dollar in early trade Monday, as global crude prices slipped below the USD 60 per barrel mark. Traders said the weakness in the greenback against some currencies overseas and a higher opening of domestic equities supported the rupee. At the interbank forex market, the rupee opened higher at 70.48 and rose further to quote at 70.30, showing a rise of 39 paise over its previous close. The rupee had rallied 77 paise to end at 70.69 against the US dollar Thursday, in lock-step with softening crude oil prices and foreign capital inflows. The forex market was closed Friday on account of Gurunanak Jayanti. In the last seven trading sessions, the rupee has gained a healthy 220 paise. Forex traders said the uptrend in the local unit was largely driven by foreign funds inflows to capital markets and softening crude oil prices. Foreign funds poured in Rs 446.24 crore into the capital markets on a net basis ...

Hexaware Technologies Ltd Falls 3.1%, S&P BSE IT Sector index Drops 1.45%

Hexaware Technologies Ltd has lost 7.27% over last one month compared to 1.7% fall in S&P BSE IT Sector index and 5.02% rise in the SENSEX

BEML gains after new order win

BEML rose 1.68% to Rs 763 at 09:35 IST on BSE after the company was awarded contract from DMRC for supply of 378 metro coaches.

Vodafone Idea Ltd Spikes 3.65%, S&P BSE Telecom index Rises 2.36%

Vodafone Idea Ltd has added 15.29% over last one month compared to 8.96% gain in S&P BSE Telecom index and 5.31% rise in the SENSEX

Toys "R" Us Asia separates from U.S. parent: Will it succeed in India?

Singapore [Singapore], Nov 26 (ANI): Last week, in the air-conditioned comfort of one of the numerous luxurious malls in hot and humid Singapore, an overhead conversation between a Singaporean and her American friend went like this: "What is the best place to shop for toys for Christmas in Singapore?" "Why, it has to be Toys "R" Us!" said the Singaporean. The startled American exclaimed, "Didn't Toys "R" Us close all its stores?"Not in Asia.For a small island of 600 square kilometres, there are eleven Toys "R" Us stores in Singapore; four just opened in the last year. The National Capital Territory of Delhi is two and a half times in size and has three times as many people as Singapore.China has more than 150 stores with plans to open another 30 within months. In Japan, business for the iconic toy store, which opened its first store in Washington, DC in 1957, is thriving with over 160 stores and a per store sales value 50-100 per cent higher than in the US. The Babies "R" Us brand is .