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Page 1743 - Business Finance

Australia Market gains 0.44%

Shares of banks and financials were higher, with ANZ again the strongest of the big four lenders, surging 2.3% higher to A$26.34, which Ms Lee said reflects the bank having less exposure to mortgage lending and a more stabile capital ratio. NAB, Westpac and Commonwealth Bank gained between 1 and 1.4%.

Updated On : 23 Nov 2018 | 1:50 PM IST

AXISCADES opens Centre of Excellence in Pune

Bengaluru-based global tech provider AXISCADES on Friday launched its first "Digital- Centre of Excellence (D-COE)" in Pune to stack key technologies that the company has been investing in.

Updated On : 23 Nov 2018 | 1:25 PM IST

UST Global opens global delivery centre in Hyd; to add 1,000 people by 2019-end

Tech major UST Global Friday said it has set up a new delivery centre in Hyderabad, Telangana and plans to add 1,000 technology associates by end of 2019 at the new location. The key focus of the Hyderabad centre is to support the company's global banking, financial and insurance services, healthcare, retail, technology, media, telecom and semiconductor clients, it said in a statement. "Hyderabad is a key market for us with existing portfolio of clients, vast business opportunities and promising talent. We are very excited to inaugurate and add Hyderabad office to our growing portfolio of delivery centres," UST Global Chief Administrative Officer and Country Head Alexander Varghese said. He added that the company is also looking to hire associates who are aligned to its vision of transforming lives using new-age digital technologies. The statement did not disclose any investment details. "Telangana is well positioned in terms of infrastructure and talent to host organisations focused .

Updated On : 23 Nov 2018 | 1:20 PM IST

Info Edge (India) acquires Rs 3 crore in Bizcrum InfoTech

Updated On : 23 Nov 2018 | 1:04 PM IST

Global Markets: Asian shares fall as growth, trade concerns dog China markets

SHANGHAI (Reuters) - Steep losses in Chinese share markets dented Asian equities on Friday as lingering trade war tensions and weak corporate earnings in Europe added to worries about global growth.

Updated On : 23 Nov 2018 | 12:55 PM IST

Asian prices dragged down by oil slide, heavy supply

SINGAPORE (Reuters) - Asian spot prices for liquefied natural gas (LNG) tumbled nearly 10 percent this week to a more than three-month low, knocked lower by a slide in oil prices, forecasts for a warmer than average winter and ample supply onshore and in tankers.

Updated On : 23 Nov 2018 | 12:55 PM IST

Fuel price continue to fall

Fuel prices in various parts of the country continued to witness a downward trend on Friday, owing to the fall in crude oil prices in the international market.Petrol and diesel prices in all the major cities were slashed down by 40-44 paise.A litre of petrol today costs Rs 75.57 in Delhi, Rs 81.10 in Mumbai, Rs 77.53 in Kolkata and Rs 78.46 in Chennai.Diesel is being retailed at Rs 70. 56 in per litre Delhi, Rs 73. 91 in Mumbai, Rs 72. 41 in Kolkata and Rs 74. 55 in Chennai.Earlier in October, fuel prices had skyrocketed owing to fluctuations in the international markets. The highest price was recorded on October, however, soon after rates started to nosedive.The dip in prices comes after the United States softened its stand on Iran's sanctions and allowed eight countries to continue importing oil from Iran temporarily. These countries are India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.

Updated On : 23 Nov 2018 | 12:45 PM IST

New-age realty advisories connect the dots across the chain (Realty Notes)

The hitherto unorganised brokerage space began witnessing massive changes in the latter half of the previous decade when numerous search and discovery platforms emerged on the Indian realty landscape. Equipped with super-powerful algorithms and high-end analytics, these websites assimilated large databases of real estate information on integrated platforms. Coupled with easy and attractive user interfaces, users could access large chunks of data with a few clicks.

Updated On : 23 Nov 2018 | 12:40 PM IST

IDBI Bank gets revision in credit ratings from CRISIL

The ratings on the Tier II bonds (under Basel III), Infrastructure bonds, Lower Tier II bonds (under Basel II), Omni bonds and Flexi bonds have been reaffirmed at ''CRISIL A+/Stable'' while the ratings on the fixed deposits programme and the certificate of deposits programme have been reaffirmed at ''FAA/Stable'' and ''CRISIL A1+'' respectively. The rating on the Tier I Bonds (under Basel III) have been withdrawn as the instruments have been redeemed. The withdrawal is in line with CRISIL's policy.

Updated On : 23 Nov 2018 | 12:31 PM IST

Nissan aims to nominate new chairman by around Dec 20: source

TOKYO (Reuters) - Nissan Motor Co aims to nominate a new chairman within a month or two, hopefully before its next board meeting slated for around December 20, a source familiar with the matter said, after the automaker ousted Carlos Ghosn as chairman on Thursday.

Updated On : 23 Nov 2018 | 12:26 PM IST

Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

SINGAPORE (Reuters) - Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook.

Updated On : 23 Nov 2018 | 12:15 PM IST

Global Markets: China leads Asian shares lower on growth, trade worries

SHANGHAI (Reuters) - Asian shares slipped on Friday as trade tensions continued to hurt sentiment, while weak corporate earnings in Europe added to worries about global growth and outweighed hopes for progress in Brexit negotiations.

Updated On : 23 Nov 2018 | 11:50 AM IST

BASF makes low-nickel wager amid scramble for battery metals

FRANKFURT (Reuters) - German chemicals giant BASF is betting on a new recipe for electric car batteries which stretches the time between charges while cutting dependence on nickel to help shave costs and grab more of a growing market.

Updated On : 23 Nov 2018 | 11:45 AM IST

Cochin Shipyard buyback offer to open on Nov 28

State-owned shipbuilder Cochin Shipyard Friday said its up to Rs 200 crore share buyback offer will open next week on November 28. Cochin Shipyard Ltd (CSL) informed about the "Letter of Offer" to buyback 43.95 lakh equity shares constituting 3.23 per cent stake of the company in a regulatory filing. The buyback offer will close on December 11. Edelweiss Financial Services Ltd is the manager to the buyback offer. Last month Cochin Shipyard's board had approved buyback of equity shares worth up to Rs 200 crore. "The board approved the buyback proposal for purchase of fully paid equity shares of Rs 10 each not exceeding 43,95,610 equity shares at a price of Rs 455 per share," Cochin Shipyard had said. CSL completed its landmark IPO in August last year, which attracted more than Rs 1.11 lakh crore as against the offer size of Rs 1,442 crore.

Updated On : 23 Nov 2018 | 11:30 AM IST